Search Results for: gigafactory

Cars Stories February 26, 2016

Tesla is now ~80% vertically integrated, says Goldman Sachs after a Tesla Factory visit

Goldman Sachs analyst Patrick Archambault and his team recently met with Tesla CEO Elon Musk, Autopilot Program Director Sterling Anderson and CFO Jason Wheeler to visit Tesla’s Fremont factory. Today the team released a report of their visit (via Valuewalk) and reiterated a “Neutral” rating on the company’s stock after the share price increased by ~12% this week. Most […]

Cars Stories February 29, 2016

Elon Musk is involved in 3 of MIT’s 10 Breakthrough Technologies of 2016

Elon Musk shines in MIT Technology Review’s recently published top 10 list of technology breakthroughs of 2016. According to the MIT, the list “identifies innovations from the past year that solve difficult problems or create powerful new ways of using technology”. Tesla and SpaceX CEO Elon Musk is directly involved in 3 of the 10 projects […]

Labor protest underway against Tesla’s contractor at the Gigafactory in Nevada

There’s currently a labor protest underway against Tesla’s contractor at the Gigafactory in Sparks, Nevada. A local news station is reporting that a group of local construction workers are claiming that one of the Gigafactory contractor is bringing workers from New Mexico to work at the Gigafactory construction site. 

Cars Stories March 2, 2016

Department of Energy’s ARPA-E chief calls out Tesla’s battery tech for not being “technology innovation”

The U.S. Department of Energy invests in early stage energy projects through its Advanced Research Projects Agency-Energy, or ARPA-E, in order to develop breakthrough technologies that could make renewable energy cheaper and better. ARPA-E Director Dr. Ellen Williams (on the right above), a chemist best known for her research in surface chemistry and for being former chief scientist […]

Cars Stories February 16, 2016

Tesla and Panasonic are leading the almost 100 GWh of new li-ion battery cell production to come online by 2020

Tesla and Panasonic have undoubtedly the biggest and most widely publicized li-ion battery production project in the Gigafactory in Nevada, but it’s far from the only project aiming to increase global supply of this important component for many industries, including the EV industry. As we often discussed, Tesla is already producing battery packs at the […]

Cars Stories February 17, 2016

Nevada Treasurer questions Faraday Future’s financial health after visit to China

Only two months ago, Nevada Gov. Brian Sandoval approved a $335 million incentive package in a deal to secure that Faraday Future will build a $1 billion electric car factory in the state, more specifically in North Las Vegas. Now after the company reportedly broke ground at the site just a few weeks ago, we learn that Nevada […]

Cars Stories February 19, 2016

Recent pictures and updated model of the Tesla Gigafactory 1 emerge

Recent pictures of Tesla’s Gigafactory 1 in Nevada have been scarce lately. We were getting regular updates via drone videos, but those stopped and were even taken down. We can’t say it was the cause, but the videos were taken down not long after two journalists from Gannett’s Reno Gazette Journal (RGJ) were involved in an […]

Cars Stories February 24, 2016

Elon Musk hires Apple’s alloy expert to lead materials engineering at both Tesla and SpaceX

Elon Musk, CEO of both electric automaker Tesla and rocket manufacturer SpaceX, splits his time between his two companies, which he also co-founded and financed with most of his early fortune from Paypal. Now Electrek has learned through sources that Musk will not be the only executive dividing his time between Tesla and SpaceX since the CEO hired Apple’s […]

Amazing new aerial pictures of the Tesla Gigafactory suggest lots of activity at the plant – February 2016 [Gallery]

Recent pictures of Tesla’s Gigafactory 1 in Nevada have been scarce since two journalists from Gannett’s Reno Gazette Journal (RGJ) were involved in an altercation with two Tesla safety managers on the property while they were trying to take pictures. Though we can’t really confirm that this incident is the cause of the recent shortage of […]

Cars Stories February 9, 2016

Tesla is likely to meet the Model 3’s $35,000 price tag thanks in part to falling metal prices

Tesla has never hidden the fact that the Model 3 and especially its $35,000 projected starting price are closely linked to the Gigafactory, which aims to reduce battery costs by more than 30%. The automaker expects to achieve such a significant cost reduction through economy of scale with a factory output greater than the total […]

Cars Stories February 10, 2016

[Live Blog] Tesla’s financial results Q4 2015 and conference call

Tesla is set to release its fourth quarter 2015 financial results today at market close. Management will hold a conference call with Q&A at 2:30pm Pacific Time (5:30pm Eastern Time). You can join on the call through Tesla’s website and join us below the break for live updates:

Cars Stories March 14, 2016

Tesla Model 3 unveiling could create a potential short squeeze and battery costs are down, says Baird

Tesla’s stock price is up almost 2% in pre-market trading this morning following a new note and “Outperform” rating from Baird financial analyst Ben Kallo. The analyst upgraded his rating on the automaker and increased his price target from $230 to $300 – the stock currently trades at ~$210. Kallo recently visited Tesla’s factory in […]

Cars Stories March 9, 2016

Will human hands ever touch Tesla Gigafactory battery cells?

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 […]

Cars Stories December 21, 2015

Nevada approves $335 million in incentives for Faraday Future to build its electric car factory in the state

Earlier this month, we reported on Faraday Future’s plan to build its electric vehicle factory in North Las Vegas. Now we learn (via AP) that during the weekend, Nevada Gov. Brian Sandoval approved a $335 million incentive package in a deal that will bring Faraday Future’s factory to a Las Vegas suburb.

Cars Stories December 27, 2015

First pictures from inside the Tesla Gigafactory emerge

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 […]

Cars Stories December 28, 2015

Tesla’s year 2015 in pictures: Model X, Gigafactory, Autopilot, Powerwall and more [Gallery]

As 2015 is coming to a close, we decided to review Tesla’s year in pictures. We gathered some of the best photos of Tesla’s most important events of the year and some less-known interesting moments – all in chronological order…

Tesla passes its state audit for the Gigafactory, earns $9.6 million in tax credits

An audit of the Tesla’s job creation and value of its investment was due on Oct. 1, but Tesla asked for an extension and now the report was finally made available during the holidays. Independent auditors concluded Tesla met all conditions for the first eight months after lawmakers approved the incentive package (Oct. 17, 2014, through […]

Cars Stories November 17, 2015

Tesla is in talks with German officials over building ‘Gigafactory 2’

Tesla CEO Elon Musk described the Gigafactory in Nevada as a product, calling it the “Gigafactory 1” – implying there will eventually be a “Gigafactory 2”. This second battery factory could end up being built in Germany according to comments made earlier today by Vice-Chancellor and Economy Minister Sigmar Gabriel.

Cars Stories November 18, 2015

Tesla’s Gigafactory to be nearly 40% larger than expected

The final size of Tesla’s $5 Billion battery factory is growing.

Cars Stories January 7, 2016

Panasonic confirms it plans to invest $1.6 billion in the Tesla Gigafactory

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 […]

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