Search Results for: gigafactory 1

Tesla Model 3 Stories April 26

Tesla Model 3 becomes best-selling premium sedan in the world

Tesla announced that the Model 3 has become the best-selling premium sedan in the world – beating the BMW 3 Series and Mercedes-Benz E-Class. Exports of made-in-China Model 3 vehicles helped Tesla achieve this milestone.

Tesla Model 3 Stories February 25

Tesla shuts down Model 3 production line for 2 weeks amid chip shortage

Tesla is shutting down a Model 3 production line at the Fremont, California, factory for two weeks amid an industrywide microchip shortage.

Tesla Model 3 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 […]

Tesla Model 3 Stories October 15, 2016

Tesla is building new ‘drive unit production lines’ at the Gigafactory, will not only manufacture battery packs

The Tesla Gigafactory is key to the automaker’s planned production ramp up to 500,000 cars per year by 2018. It is expected to both significantly reduce the cost of Tesla’s battery packs, which will enable Tesla to reach the $35,000 price point for the Model 3, and to secure a large supply of battery cells. […]

Tesla Model 3 Stories January 28, 2017

This week’s top stories: Our Chevy Bolt EV review, Tesla’s new 80 MWh Powerpack station, Musk joins Trump council, Model 3 teaser & more

In this week’s top stories: Tesla quietly completes its new 80 MWh Powerpack station, Elon Musk meets with President Trump and joins his new manufacturing council, Seth takes the 2017 Chevy Bolt EV for a spin, Model 3 gets a slight rebranding and new teaser video, and much more.

Tesla Model 3 Stories February 18, 2017

Tesla is now claiming 35% battery cost reduction at ‘Gigafactory 1’ – hinting at breakthrough cost below $125/kWh

Recent studies show that average electric vehicle battery cost dropped 80% in 6 years down to ~$227/kWh. It’s exciting progress for the electric vehicle industry, but it’s still not enough to make long-range electric cars affordable. You need batteries significantly below the average – battery cell and pack cost – in order to achieve the price point for mass […]

Tesla Model 3 Stories July 29, 2016

Tesla Model 3: confusion over reservation numbers spur unfounded fear of decline, Tesla reaffirms 373,000

A little controversy is brewing this afternoon regarding the number of reservations Tesla has received for the Model 3. Tesla’s management, including CEO Elon Musk, were the first to be surprised by the number of reservations received for the automaker’s upcoming $35,000 all-electric sedan. Reservations reached 232,000 within 24 hours of the unveiling, then 325,000 within the first […]

Tesla Model 3 Stories June 29, 2016

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.

Tesla Model 3 Stories July 27, 2016

Tesla’s plan for Gigafactory vehicle battery pack rollout and why it matters

As we discussed several times in the past, Tesla’s Gigafactory 1 is already producing battery packs for stationary energy storage, Powerwalls and Powerpacks, but the next two important milestones are battery cell manufacturing and vehicle battery pack manufacturing. While the first battery cell assembly line is up at the plant, it’s not in operation and Tesla […]

Tesla Model 3 Stories July 20, 2016

Tesla’s Master Plan Part Deux includes future ‘compact SUV’, ‘a new kind of pickup’ and money saving Uber-like service

Elon Musk’s highly anticipated “Master Plan Part 2” is chock full of interesting new, but vague details on Tesla’s plans but probably one of the most exciting is the new SUV and pickup consumer vehicles included… 

Tesla Model 3 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 […]

Tesla Model 3 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 […]

Tesla Model 3 Stories September 15, 2016

Elon Musk confident that Tesla can attain staggering 20-fold increase in production speed in Fremont

Sam Altman of Y Combinator recently had the opportunity to have a 1-on-1 sit down with Elon Musk. During the interview, they conversed about various subjects including whether or not he [Musk] thought people getting their PhDs is generally useful, the colonization of mars, and artificial intelligence. But one statement, in particular, that Musk revealed in his […]

Tesla Model 3 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 […]

Tesla Model 3 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 […]

Tesla Model 3 Stories August 7, 2017

Tesla Model 3 annual demand could surpass 700,000 units, says Elon Musk

Elon Musk previously guided demand for Model 3, Tesla’s new mass market electric vehicle, to reach roughly 500,000 vehicles per year. Following the launch of the new electric car last month, Musk is now more confident of the demand for the vehicle and he sees it potentially reaching an annual rate of “more than 700,000 units.”

Tesla Model 3 Stories July 31, 2017

Tesla Model 3 battery cells are costing Panasonic now, but they expect to turn a profit next year

The new ‘2170’ li-ion battery cells, manufactured by Panasonic at Tesla’s Gigafactory 1 in Sparks, Nevada, are a key part of the Tesla’s Model 3 battery architecture. The Japanese manufacturer now says that the batteries are costing them, but they expect to turn a profit next year.

Tesla Model 3 Stories August 2, 2017

Tesla gives update on Model 3 following launch: 1,800 reservations per day, Fremont production moving forward, Gigafactory

With the release of its second quarter 2017 after market close today, Tesla gave several updates on its Model 3 program following the launch last week. The company says that the response to the vehicle has been “overwhelming” and now they put their efforts into producing the product. 

Tesla Model 3 Stories September 29, 2017

Tesla attempts Model 3 production ramp up after working through early manufacturing problems

Tesla is trying to beat its delivery record this quarter with Model S and Model X, but also the first Model 3 deliveries – still only to employees and company insiders. The automaker is attempting a production ramp up ahead of the start of customer deliveries next month and sources familiar with the Model 3 […]

Tesla Model 3 Stories September 4, 2017

Tesla Model 3 and Model Y could represent half the global EV market within 3 years, says report

Last year, Tesla shared its ambitious plans to increase its annual production capacity to 500,000 vehicles in 2018 with new Model 3 production. It’s a higher planned production capacity than any other all-electric vehicle offered today. But Tesla also plans to repeat it with the upcoming ‘Model Y’ and now a new report suggests that […]

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