Search Results for: gigafactory

Cars Stories February 26, 2014

Tesla Gigafactory details announced: To be built in Southwest US, provide 6500 jobs, batteries for 500K cars/year

Tesla just announced details of the Battery Gigafactory to be located in the Southwest US. The location hasn’t yet been selected but will provide 6500 US jobs and, in 2020, enough batteries for 500,000 electric vehicles. Tesla also announced a $1.6B convertible notes offering to fund the Gigafactory and other ramping. As we at Tesla […]

Cars Stories October 13, 2015

Tesla announces internship program at the Gigafactory for summer 2016

Following last week’s announcement to invest $1 million in battery research with the University of Nevada, Las Vegas, Tesla Motors opened its Gigafactory internship program for applications while visiting the University of Nevada, Reno earlier this week.

Cars Stories October 8, 2015

Tesla to invest $1 million in battery research at the University of Nevada in Las Vegas

When Tesla Motors negotiated with the state of Nevada to build its battery factory in the desert east of Reno, the state government agreed to give the automaker up to $1.3 billion in tax incentives over 20 years to build the $5 billion project. But the deal came with several requirements the company needs to […]

Cars Stories December 3, 2015

Reports: Tesla evaluating a partnership with Chilean state-owned mining company Codelco to source lithium in the country

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.

Cars Stories August 4, 2015

Tesla will publish their second quarter financial results tomorrow, here’s what to expect

Tomorrow, Tesla will release their financial results for the second quarter of 2015. Due to their recent policy change of disclosing Model S deliveries right after the end of quarter, the company already confirmed record deliveries of 11,502 cars. The Model S being by far the main source of revenue for Tesla, there shouldn’t be […]

Cars Stories January 11, 2016

Tesla reportedly in talks to build a Gigafactory in South Africa

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 […]

Cars Stories January 18, 2016

Tesla Gigafactory is still ahead of schedule, but behind on job creation

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 […]

Cars Stories June 7, 2016

Tesla and Elon Musk are ‘years ahead of the competition’, says billionaire TSLA investor Ron Baron

Ron Baron, the billionaire founder of Baron Capital, was on CNBC this morning to discuss his latest favorite investment: Tesla Motors (TSLA). The mutual fund manager said that he sees Tesla becoming one of the largest companies in the world and he sees his fund holding it stock for the next 10 to 20 years.

Cars Stories October 16, 2015

Tesla CTO: We’ve shifted core focus to Model 3, majority of employees now working on mass production of $35,000 vehicle

Tesla’s co-founder and Chief Technology Officer JB Straubel was at the University of Nevada, Reno earlier this week to talk to students and announce a new internship program for the company’s Gigafactory. As part of its Gigafactory deal, Tesla is pumping $1 million into the University of Nevada’s Battery research program. During his presentation, Straubel confirmed that […]

Cars Stories October 18, 2015

Elon Musk’s quest to hire top talent – Tesla Motors, SpaceX and SolarCity are on a massive hiring spree

Tesla Motors, SpaceX and SolarCity – three companies influenced by Elon Musk – are currently on a massive hiring spree around the US. They already have a combined headcount of over 32,000 employees and the total is set to increase significantly in the coming months. We learned that Musk’s companies are holding joined private recruiting events, the […]

Cars Stories October 20, 2015

Tesla now offers free Powerwalls through its referral program – the top referrer already sold 88 Model S’s

Three months ago Tesla announced a referral program for Model S owners. By referring someone who ends up buying a Tesla Model S, the owner gets $1,000 credit from Tesla to put toward accessories, service or a car, and the new buyer gets $1,000 off his new Model S. The program is only in a […]

Cars Stories October 27, 2015

Tesla reportedly in the final stages of negotiations with LG for a battery cell supply agreement

Tesla builds its own battery packs, but imports the several thousands battery cells needed per pack from suppliers, mainly Panasonic. The automaker is heavily investing to change that by building the Gigafactory, in partnership with Panasonic, to manufacture both the cells and battery packs in the Nevada desert east of Reno. But the planned output […]

Cars Stories November 3, 2015

[Live Blog] Tesla’s financial results Q3 2015 and conference call

Tesla is set to release its third 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 September 17, 2015

Jefferies predicts Tesla will achieve a 50%+ reduction in battery cost by 2020

In a new note issued today, Jefferies analyst Dan Dolev increased his price target on Tesla Motors to $365 following a new analysis on the company’s battery business. When Tesla first announced its “Gigafactory“, it forecasted a ~30% reduction in battery cost through economy of scale and improved chemistry, but since then Tesla executives revealed that […]

Cars Stories October 2, 2015

Elon Musk: Tesla Model X launch caused a “big, a very big jump” in orders for the Model S

SolarCity CEO Lyndon Rive and Chairman Elon Musk are officially announcing a new high-efficiency solar panel today at the Inside Energy conference. During an interview at the conference, Elon Musk was talking about his other venture, Tesla Motors, and he revealed that the recent launch of the Model X caused a big uptick in orders for Tesla’s […]

Cars Stories May 30, 2015

Opinion: Times article on Musk’s “empire” being fueled by government subsidies is grossly one-sided [Updated]

The Times published an article over the weekend titled “Elon Musk’s growing empire is fueled by government subsidies”. The article is well-researched and mostly accurate, but it conveys a clear disdain for the fact that Musk’s companies are taking advantage of the government subsidies available to them. The publication compiled data from government programs and came to the […]

Cars Stories May 3, 2016

Tesla’s stock (TSLA) down ahead of earnings, Wall Street weighs in

Tesla’s stock (TSLA) fell over 3% on Tuesday morning as Wall Street analysts are releasing notes on the company ahead of the financial results tomorrow. To be fair, the whole market is down (NASDAQ -1.15%) and crude oil took a hit (-2.32%), but it is still interesting to know what Wall Street thinks of Tesla going into the earnings.

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 […]

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