Gigafactory ▪ September 8

TSLA: 248.17

Stock Chart

A video posted to Youtube today gives us the most recent look at Tesla’s battery factory under-construction in the Nevada desert. For the first time we see the walls of what could become the biggest building on earth. In the latest drone fly-by video, we could only see the barebone steel structure.

The company plans to significantly reduce the cost of batteries through economy of scale by producing 50 GWh of battery packs at the ‘Gigafactory’. Tesla expects to produce the first battery packs at the factory during the first quarter of 2016. expand full story

Gigafactory ▪ August 18

TSLA: 260.72

Stock Chart

Composite of final Gigafactory size over a recent satellite photo of the pilot plant.

Satellite photos of the Tesla Gigafactory emerged this week, showing Tesla’s current progress in building their new battery plant. The recent photo shows an enclosed 1670′ (510 m) x 500′ (150 m) footprint with another section currently under construction. This means 1.6 million square feet (148,644 square meters) of space is already available for battery production in the two-storey Reno, Nevada facility.  expand full story

Gigafactory ▪ August 7

TSLA: 242.51

Stock Chart

The state of Nevada gave an update on the developments of Tesla’s Gigafactory for the second quarter of the year. The company needs to keep up with the state’s requirements in order to get access to the $1.3 billion incentive package the state offered to secure the 6,500 jobs the factory is expected to create in Nevada and so far, so good for Tesla.  expand full story

Gigafactory ▪ July 14

TSLA: 265.65

Stock Chart

Steve Jurvetson, Tesla board member, and JB Straubel, Tesla’s CTO during a tour of the Gigafactory under-construction in Nevada – photo from Steve Jurvetson

Yesterday, Tesla’s CTO JB Straubel made interesting remarks about the future of transportation and energy storage during a keynote presentation at InterSolar, a major solar conference in San Francisco. expand full story

Gigafactory ▪ July 7

During a presentation about the Tahoe Reno Industrial Center, Dean Haymore, from Story County Commission, said that Tesla purchased an additional 1,200 acres of land adjacent to their battery factory under-construction near Reno. According to Haymore, the new purchase made last week more than doubles Tesla’s land at the site and the company is looking to purchase another 350 acres. expand full story

Gigafactory ▪ June 26

AP reported that Steve Hill, director of the Governor’s Office of Economic Development, presented a report to Nevada lawmakers on the progress of the Tesla Gigafactory in Sparks. The Governor’s Office expects the plant to be operational within a year, which is ahead of the original schedule, but in line with Elon Musk’s, Tesla’s CEO, recent comments on the pilot plant producing battery packs as soon as early 2016. expand full story

Gigafactory ▪ May 26


SolarCity is currently building a solar panel factory in Buffalo. The construction site is not unlike Tesla’s Gigafactory under construction in Nevada. SolarCity’s facility, which could also be dubbed a “Gigafactory” since its planned output is also estimated in gigawatts, has a similar 2-storey steel structure as the one Tesla is building for its battery factory. 

Update: SolarCity and Tesla are not sharing any designs or contractors for their respective factory projects according to Kady Cooper, Director of Communications at SolarCity.

expand full story

Gigafactory ▪ May 18

A new video of Tesla’s battery factory in Sparks, Nevada was posted to Youtube today. The video shows the progress the company made in the last few months on the planned 10 million square feet facility.

expand full story

Gigafactory ▪ December 3, 2014

In case you missed it, Elon Musk sat down for an interview with GQ Magazine last week where the Tesla CEO commented on a random smattering of interesting tidbits.

While much of the interview treads on familiar ground, such as Tesla opening up their patents and Musk’s general thoughts on the state of the car industry, there are a few nuggets worth highlighting.

For instance, Musk talks briefly about development of the Tesla Model S P85D:

This is a halo car for Tesla. We didn’t do it from the beginning because it adds complexity, and we already had enough fish to fry just making a car that worked. But it was always something we expected to do. We wanted to position it as the fastest in order to change the public mindset. It had to be something dramatic. And getting those few extra 10ths of a second was hard.

As for consumer interest in Tesla’s highest-end model, it appears that the problem is supply more so than demand, certainly an enviable problem to have. Speaking to that, Musk notes that “demand for the P85D is off the charts.”

With respect to the highly anticipated Model 3, Musk noted that Tesla is hoping to get the sticker price down to just half that of the Model S, a goal which precipitated development of the gargantuan Gigafactory in Nevada.

We need the Gigafactory because there currently isn’t enough battery cell capacity for a high-volume, pure electric car at any price. The Model 3 is 20% smaller than the Model S, so the battery pack can be just 80% of the size, but we’re aiming for a 50% price reduction from the S, so we need the factory to make it affordable.

Musk is certainly a colorful personality, and the interview is well worth checking out in its entirety. Again, you won’t find too much new information to digest, but the story provides a good background of Tesla’s goals and Musk’s strategy to bring said goals to fruition.

Gigafactory ▪ July 31, 2014

9to5-image 2014-07-31 at 5.05.05 PM

From today’s Shareholder Report(PDF):

In June, we broke ground just outside Reno, Nevada on a site that could potentially be the location for the Gigafactory. Consistent with our strategy to identify and break ground on multiple sites, we continue to evaluate other locations in Arizona, California, New Mexico and Texas. The final site for the first Gigafactory will be determined in the next few months, once we have full visibility and agreement on the relevant incentives and processes for enabling the Gigafactory to be fully operational to meet the timing for Model 3. We see these concurrent efforts as prudent. This vehicle will be
our third-generation product and will substantially broaden the addressable market for Tesla, helping to accelerate the transition towards sustainable transportation. Any potentially duplicative investments are minor compared to the revenue that could be lost if the launch of Model 3 were affected by any delays at our primary Gigafactory site.

Conference call will be at 5:30 here. Stock is down in after hours on unit shipment numbers.

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