Posts Tagged: Tesla Gigafactory

Former Tesla execs launch plan for European Gigafactory

A couple of Tesla alumni, with backing from Swedish investors, have announced a plan to build a massive Li-ion battery factory, perhaps in Sweden or Finland. Their ambitious goal is to bring the cost of batteries down to $100/kWh. Tesla’s former Vice President of Supply Chain Management, Peter Carlsson, and another former Tesla supply chain… Read more »

More Gigafactory details: world’s largest rooftop solar array

At a recent event for investors, Tesla revealed some tantalizing details about its Nevada factory, which is now producing battery cells. The company is now calling the massive manufactory Gigafactory 1 (GF1), a hint of hopes to build similar facilities in Europe and/or China. Tesla has long planned to make this a fossil fuel-free facility…. Read more »

Tesla’s Gigafactory features renewable energy, recycling, robots…and horses

As Tesla develops the mass-market Model 3, it is simultaneously working on the Nevada Gigafactory that will produce the boatloads of batteries required. When the futuristic factory is finished in 2020, it is expected to produce more lithium-ion batteries than all the world’s other battery factories combined. When completed the 13-million-square-foot facility will have the… Read more »

Panasonic will spend up to $1.6 billion on Tesla gigafactory

Panasonic has been involved with Tesla’s Gigafactory from the beginning of the project, but until now, it hasn’t said exactly how much it plans to invest. Now Panasonic President Kazuhiro Tsuga has told Marketwatch that the company will invest up to $1.6 billion, hoping to secure its future in automotive electronics. Sales to carmakers represented… Read more »

Elon Musk: Tesla is tracking 60 battery development efforts around the world

Tesla CEO Elon Musk covers a lot of ground in a recent interview with Investment icon Ron Baron. He explains how, as a young man, he identified the five tech areas that would have the greatest impact on mankind’s future, and set out to make his mark. He also gives propers to early partner AC… Read more »

Tesla shifts focus to Model 3 as engineers prepare to start work at the Gigafactory

Tesla’s Chief Technology Officer JB Straubel gave a talk at the University of Nevada in Reno this week, as the company announced a new internship program and an investment of $1 million in the university’s battery research program. Saying that the transition to a truly sustainable world won’t be accomplished in a single generation, Straubel… Read more »

Analyst: Tesla will reduce battery cost 50% by 2020

There’s a lot of future potential baked into Tesla’s stock price, but many stock pundits believe it’s headed even higher. Jefferies analyst Dan Dolev recently raised his price target for TSLA to $365.00, based on his belief that the company will be successful at lowering battery costs, and that this will improve its gross margins…. Read more »

Tesla locks up long-term lithium supply

To produce EVs, you need batteries. To build batteries, you need lithium. That’s why Tesla has signed a long-term contract with a pair of mining companies to supply lithium hydroxide from a site in northern Mexico. Bacanora Minerals Ltd and Rare Earth Minerals PLC are partners in a joint venture called the Sonora Lithium Project…. Read more »

Tesla to raise $500 million – wait, make that $650 million – with new stock offering

Tesla has big plans – expensive plans. Tooling up for volume production of Model X, developing Model 3 for an unveiling next year, the Gigafactory, the new energy storage business, more charging infrastructure, the Snakebot charger, a new Roadster, the James Bond submarine/car, Hyperloop…good grief, this is going to require a pile of cash! To… Read more »

First phase of Tesla Gigafactory nearly complete

Tesla’s game-changing Gigafactory in Northern Nevada is taking shape even faster than expected. The first building phase is nearly complete, the company told Nevada’s Legislative Commission in a quarterly report that it is required to provide under the terms of the $1.3-billion package of tax incentives it received from the state. The first phase is… Read more »