Search Results for: gigafactory

Cars Stories June 13, 2016

FCA CEO Marchionne doesn’t understand Tesla’s model but claims he could copy it

FCA’s outspoken CEO, Sergio Marchionne, has been known to make unpopular but frank comments about electric cars and the future of the auto industry. The man in charge of Alfa, Fiat, Chrysler and Jeep, called for its customers not to buy his electric car, the Fiat 500e, because he estimates the company is losing about $10,000 […]

Cars Stories June 16, 2016

Tesla applied for a $106 million tax break on $1.26 billion expansion of Fremont Factory for the Model 3

A few weeks ago, Tesla closed an important $1.7 billion stock offering to finance its new build plan for the Model 3. The capital raise was needed for Tesla to accelerate its production and achieve a rate of 500,000 cars in 2018 – two years earlier than previously planned. The new plan is in response […]

Cars Stories June 29, 2016

Tesla Model 3 exclusive leaked specs: 300kW+ inverter architecture putting its power capacity near Model S

Tesla manufactures its drive inverter for the Model S/X in-house at its Fremont factory, but the automaker is using proven off-the-shelf products — primarily TO-247 transistor packages. The company used this approach from the start when working on the Roadster. Like what it has been doing with battery cell technology, the automaker saw an opportunity to attach […]

Tesla is flying 12 lucky Model 3 reservation holders to the Gigafactory Grand Opening all-expenses paid

The Tesla Gigafactory 1 is the Chocolate Factory and Elon Musk is Willy Wonka! Tesla quietly created a ‘Golden Ticket’ drawing for all the Model 3 reservation holders who placed a pre-order during the first day and randomly selected 12 winners to receive an all-expenses paid trip to the Gigafactory Grand Opening.

Cars Stories April 23, 2016

Tesla Model 3 prototype driving around the Gigafactory [Video]

Motor Trend is still teasing its exclusive photoshoot with a Model 3 prototypes at the Gigafactory and released another behind the scene live video of the shoot. Who can blame them since it’s obviously working.

Cars Stories April 27, 2016

Cars Stories April 21, 2016

Tesla Model 3 ‘walkaround’ at the Gigafactory [Video]

It looks like Motor Trend is trying to redeem itself following last week’s Apple car fiasco. The car review magazine managed to convince Tesla to get a few hours with a Model 3 prototype for a photoshoot at the Tesla Gigafactory in Nevada.

Cars Stories June 8, 2016

Elon Musk confirms that Samsung’s battery cells will not be used in Tesla vehicles, Panasonic gets exclusivity [Updated]

Last week, we reported on Tesla starting to take delivery of important quantities of battery cells from a new supplier: Samsung SDI. At the time, we contacted Tesla to know what the cells will be used for, the company declined to comment, but we speculated that it could be used for ‘Tesla Energy’ products. Now […]

Cars Stories July 8, 2016

Tesla Model 3 is expected to drive Panasonic’s battery sales to double in three years, says exec

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 […]

Cars Stories June 20, 2016

Tesla may invest in a $9 billion electric vehicle factory in China, according to local report

There’s no doubt that Tesla likes big factories. Its Fremont Factory is one of the biggest buildings on earth with 5.3 million square feet of manufacturing and office space – pictured above. The Gigafactory is set to be the biggest building on earth by footprint with 13 million square feet of space. The automaker also operates […]

A rare Tesla Model 3 prototype sighting in the wild [Video]

We haven’t seen a Tesla Model 3 prototype since the Motor Trend photoshoot at the Gigafactory and that was over a month ago. Also, sightings in the wild (if you consider the public roads of the Bay Area “the wild”) have been pretty rare.

Cars Stories May 20, 2016

Panasonic says it’s ready to accelerate its Tesla Gigafactory investment to support the Model 3

During the recent conference call with analysts for Tesla’s first quarter 2016, co-founder and CTO JB Straubel said that we shouldn’t focus too much on Tesla’s previously stated goal of 35 GWh of battery cell production at the Gigafactory, and 50 GWh of battery pack output. Straubel said that Tesla was prepared to adjust the […]

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 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 May 4, 2016

Tesla announces new Model 3 production plans, guidance of 500,000 cars/yr by 2018, instead of 2020

Tesla’s stock price (TSLA) surged by 7% in after-hour trading after the release of its first quarter 2016 financial results. The reason for the surge wasn’t as much about its earnings, but because of its new Build Plan. The automaker announced that it is advancing its 500,000 units per year guidance by two years to […]

Cars Stories March 31, 2016

Tesla Model 3 unveiling event [Live Blog – Livestream 8:30pm PT – 3:30 UTC]

Today Tesla will take an important step in CEO Elon Musk’s secret master plan by unveiling its first mass market car: the Model 3. The vehicle is touted as the first compelling and affordable long-range electric car. You can follow our live blog here with updates leading to the event and then our comments on the […]

Cars Stories May 10, 2016

Beautiful shots of the Tesla Model 3 prototype, facelift Model S and the Model X at the Gigafactory [Gallery & Video]

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 […]

Cars Stories May 11, 2016

Tesla lists the key assumptions on which its Model 3 production plan is based

In the SEC filing following its first quarter 2016 financial results and the announcement of its new Model 3 production plan, Tesla listed some of the key assumptions on which its ambitious plan is based. There are a lot of things that needs to come together for Tesla to deliver its anticipated $35,000 long-range all-electric sedan, and […]

Cars Stories April 15, 2016

Fiat Chrysler CEO says he will copy Tesla’s Model 3 if Musk can make a profit off it

We’ve reported on comments by GM and Nissan officials about the recent unveiling of the Tesla Model 3 and the following storm of reservations. While Nissan CEO Carlos Ghosn had a normal and decent reaction to the event, GM’s Vice President of Global Propulsion Systems, Dan Nicholson, was significantly less gracious than his colleague. But now it’s Fiat Chrysler CEO Sergio […]

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 […]

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