Search Results for: gigafactory

Elon Musk 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.

Elon Musk 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 […]

Elon Musk 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…

Elon Musk Stories May 5, 2016

Tesla’s Fremont factory could manufacture up to 1 million vehicles per year, says Musk

Following Tesla’s announcement that it plans to double its total production output to 500,000 vehicles in 2018 and 1 million in 2020, Tesla CEO Elon Musk was asked by analysts how and where he plans to manufacture those vehicles. While the company has been talking about plans to build more vehicle factories in Europe and China, Tesla’s […]

Elon Musk 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.

Elon Musk 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 […]

Elon Musk Stories October 2, 2015

SolarCity will start making new 22% high efficiency solar panels this month

SolarCity announced today that it has built the most efficient rooftop solar module with 22% efficiency according to a third party tester: Renewable Energy Test Center. Until now, SunPower’s X-Series panel was considered the most efficient rooftop panel with 21.5% efficiency. SolarCity CEO Lyndon Rive says that the new modules will produce between 350 to 360-watt compared […]

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 […]

Elon Musk 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 […]

Elon Musk Stories September 17, 2015

Tesla is now installing Powerwalls at “pilot customer” homes

Tesla Motors confirmed to Electrek that the company is now installing the Powerwall, a new home energy storage system, for “pilot customers”: “We are currently in production and have started installing Powerwalls with pilot customers. Over the next few weeks we will continue to ramp up volume production,” Tesla spokeswoman Alexis Georgeson said.

Elon Musk 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 […]

Elon Musk 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 […]

Elon Musk 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.

Elon Musk 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.

Elon Musk Stories December 15, 2015

Musk: Tesla Gigafactory will produce cells with “moderate” battery technology improvement over current products

Tesla CEO Elon Musk was at the AGU Fall Meeting today for the Presidential Forum and made some comments about Tesla’s battery factory under construction in Nevada. Musk said that the battery cells the company will produce at the Gigafactory in partnership with Panasonic will feature some “moderate improvements” in technology over those in production today. 

Elon Musk 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:

Elon Musk Stories August 13, 2015

Tesla announces a $500 million common stock offering and Elon Musk will increase his stake in the company

Tesla Motors sent out a press release this morning to announce a $500 million public stock offering. During the conference call discussing their second quarter financial results earlier this month, Elon Musk, Tesla’s CEO, let analysts know that the company didn’t need to raise money, but it could be a good idea to do it anyway in […]

Elon Musk Stories August 31, 2015

Tesla Motors and car dealerships clash again – this time over Tesla’s new referral program

Last month Tesla announced a new referral program for Model S owners that will run as an experiment through October. If you refer the Model S to a friend, your friend will get $1,000 off the price of his new car and Tesla will credit you $1,000 for your referral, which you can apply to any […]

Elon Musk Stories July 29, 2015

Tesla’s ‘Secret Weapon’ against dealers is owner affiliate program: $1000 reward per sale

Tesla announced a new program for its owners today. People who refer new buyers will receive $1000 for every sale of a Tesla vehicle they can initiate. Owners who make five referral orders will receive an invitation for them and a guest to attend the Gigafactory grand opening party. Those who make ten referral orders will […]

Elon Musk Stories April 27, 2015

Tesla’s stock price surges while shorts are betting against the company ahead of their big battery announcement

While Tesla’s stock price gained 6% this morning after a note from Deutsche Bank, short interest on Tesla’s stock increased to 21.3% of the outstanding shares. This is the highest level of short interest on Tesla in the past 13 months. Short interest contributed greatly to the previous few surges of Tesla’s stock price. In […]

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