Elon Musk discusses future plans for Tesla and his other endeavors with curator Chris Anderson at a TED Conference in Vancouver, Canada, April 28, 2017. The transcript below is an attempt to capture the conversation as accurately as possible. 

Chris: Elon. Hey, welcome back to TED. It’s great to have you here.

Elon: Thanks for having me.

Chris: So, in the next half hour or so we’re going to spend some time exploring your vision for what an exciting future might look like, which I guess makes my first question a little ironic. Why are you boring?

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The Tesla Model 3’s $35,000 price tag will be enabled in part due to a significant reduction in battery cost through the automaker’s partnership with Panasonic on the Gigafactory in Nevada. While Tesla owns and operates the giant battery factory, Panasonic is still in charge of battery cell production at the plant, which Tesla then uses to make battery packs for its vehicles.

With the strong demand for Tesla’s vehicles, Panasonic now says that it expects its battery sales to double within the next 3 years – or after the first full planned year of Model 3 production.
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We talked about MotorTrend scoring the first media photoshoot of the Model 3 prototype a few times now since they have been teasing it on their social media, but now it’s not just excerpts from Facebook or Snapchat. The publications released a complete video with beautiful shots of the Model 3, and as a bonus, the new facelift Model S and the Model X were also at the Gigafactory to complete Tesla’s S3X lineup.
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Nevada Governor’s Office of Economic Development (GOED) published its Q1 2016 Quarterly Activity Report for the Tesla Gigafactory and judged the company’s progress to be satisfactory. You can read the full report embedded bellow.

The most interesting bit of information coming out of the report is the fact that Panasonic invested more in the plant during the last quarter than it did since the beginning of the project.
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Financial news publication Valuewalk published an article earlier this week titled: “Tesla Gigafactory To Get Delayed By Three Years“. The publication has since completely changed the headline to “Tesla Gigafactory construction ahead of schedule” after Tesla issued a statement stating that the battery factory is “ahead of schedule on both construction and production”.
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An interesting fact about lego bricks: the first hands to touch a Lego brick are the hands of a customer since the entire manufacturing process is automated.

Granted, plastic blocks are significantly less complicated than li-ion battery cells, but since Tesla hired a long-time Lego manufacturing executive to lead the Gigafactory effort, it is an interesting analogy for the potential level of automation at Tesla’s battery factory.
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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.
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Tesla has already begun production at their $5 billion battery factory, according to the company’s third quarter 2015 shareholder letter. In October, production of Tesla’s Powerpacks and Powerwalls moved from Fremont to an automated assembly line at the Gigafactory.
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