Gigafactory February 4

TSLA: 175.33

1.85
Stock Chart

Nevada Governor’s Office of Economic Development published its Q4 2015 Quarterly Activity Report for the Tesla Gigafactory and judges the company’s progress to be satisfactory despite slower than projected job creation and investment. You can read the full report embedded bellow. expand full story

Gigafactory January 25

TSLA: 196.38

-6.17
Stock Chart

Recent local news reports in Buffalo reveal that SolarCity’s “Gigafactory” is nearing competition. The exterior has been looking pretty much complete for quite some time now (see picture above), but there’s still work to be done inside the plant, which is why 950 crew members are currently on site to get it online in about 6 months. expand full story

Gigafactory January 18

TSLA: 204.99

-1.19
Stock Chart

According to a new report from the Reno Gazette-Journal, the Tesla Gigafactory is still ahead of schedule, but it is falling short on job creation and capital investment projections for the project. It would be important to note that RGJ is making these claims based on the most recent data available – dated September 30 and June 30 – while comparing the numbers to the state’s projections for the end of 2015.

In its analysis, RGJ assumes that Tesla is still falling short in the fourth quarter because it was lagging so far behind in September.  expand full story

9to5toys 

Gigafactory January 11

TSLA: 207.85

-3.15
Stock Chart

When Tesla CEO Elon Musk first announced the Gigafactory project, he said that even though the planned capacity of the factory is equal to the entire global production of lithium-ion batteries in 2013, the world would sill need around 200 more giant factories of similar size to support the auto industry’s transition from fossil fuels to electric.

Tesla named the factory in Nevada: “Gigafactory 1”, implying that the company plans to eventually introduce “Gigafactory 2” and so on. Late last year, German Vice-Chancellor and Economy Minister Sigmar Gabriel confirmed being in contact with Elon Musk over the possibility of building a battery factory in the country. Now we learn that Tesla is also reportedly in talks to build another Gigafactory in South Africa. expand full story

Gigafactory January 7

TSLA: 215.65

-3.39
Stock Chart

Panasonic confirmed being a partner in Tesla’s battery factory early in the development of the project, but other than some estimates from Tesla, the electronic giant never committed to a dollar amount in investment until today.

Tesla made clear its plan to remain in control of the project and to contribute the majority of the estimated $4 billion to $5 billion investment required to build its massive battery factory. Panasonic confirmed today that it plans to invest between $1.5 billion and $1.6 billion in the Gigafactory. expand full story

Gigafactory December 27, 2015

TSLA: 230.57

0.87
Stock Chart

Even though Tesla has been producing stationary energy storage products at the Gigafactory 1 in Nevada for a few months now, we haven’t had the chance to see any pictures from inside the plant since the walls of the first section of the factory are up.

Today we get our first modest look via professional photographer James Lipman’s Instagram (first spotted by Evannex). expand full story

9to5mac 

Gigafactory December 15, 2015

TSLA: 221.09

2.51
Stock Chart

Tesla CEO Elon Musk was at the AGU Fall Meeting today for the Presidential Forum and made some comments about Tesla’s battery factory under construction in Nevada.

Musk said that the battery cells the company will produce at the Gigafactory in partnership with Panasonic will feature some “moderate improvements” in technology over those in production today.  expand full story

Gigafactory December 14, 2015

TSLA: 218.58

1.56
Stock Chart

Navigant Research recently named LG Chem the #1 leading supplier of batteries for electric vehicles. The company has been a longtime partner of GM for the production of the Chevy Volt and it recently attracted interest from other electric vehicle makers such as Nissan and Tesla.

Those manufacturers plan to introduce several mass market electric vehicles in the coming years and if LG wants to keep its lead, it will need to significantly increase its battery production output. And the Korea-based electronic giant is counting on its Michigan battery plant to keep up with the auto market.  expand full story

Gigafactory December 9, 2015

TSLA: 224.52

-2.20
Stock Chart

Earlier this week, the Reno Gazette-Journal published its latest progress report on Tesla’s Gigafactory. I suggest reading the entire lengthy piece to get a good idea of the impact of the Gigafactory on the region, but the paper can get obnoxiously whiny about the state and local government’s support of the project, so I compiled the bulletpoints and facts from RGJ’s document digging for a quick overview here: expand full story

9to5google 

Gigafactory December 3, 2015

TSLA: 232.71

0.72
Stock Chart

Local news reports in Chile are stating that “senior Tesla executives” met with government officials to evaluate a partnership with state-owned mining company Codelco in order to source lithium in the country.

The agreement would presumably be to supply Tesla’s Gigafactory under-construction in Nevada. expand full story

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