Tesla to decide on gigafactory location before end of the year

Article by Christian A., on June 5, 2014

The decision for the location of Tesla Motors Inc.’s “gigafactory” won’t be out until end of 2014, according to chief executive Elon Musk. The proposal for the expansive battery site was first disclosed in February, aimed at supplying lower-cost lithium-ion cells for Tesla cars and battery packs for home-power storage devices.

Musk remarked that Tesla is readying sites in up to three states “all the way to creating a foundation,” completing plans and gaining local approval. “It might actually be three states that we do it in,” he said during the carmaker’s annual shareholders meeting.

Tesla is planning to increase deliveries of its Model S sedan by over 56 percent this year, expanding beyond the US to China and other international markets.

Musk has remarked Tesla’s target of selling lower-priced EVs in the next three years relies on its gigafactory by 2017. He said that the plans for the battery site are “quite advanced,” adding that talks with Panasonic Corp., about the latter’s involvement in the project happen daily.

Tesla said the gigafactory would cost up to $5 billion to build and will employ up to 6,500 people. The carmaker is considering is sites in Arizona, New Mexico, Nevada and Texas as well as California.

Topics: tesla, gigafactory

If you liked the article, share on:

Comments

Recommended

Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
The year 2018 marks the golden anniversary of Subaru of America. Of course, the company will celebrate 50 years of being at the helm of the brand’s crusade in North...
by - February 24, 2017
During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 2017
Could this be a special version of Ferrari’s much acclaimed LaFerrari? No matter how we look at it, the patent images for this sports car from Ferrari indicate its striking...
by - February 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries