Tesla hasn’t even started on its first Gigafactory and California is already hoping for a second.
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The world’s largest lithium-ion battery factory just received a massive tax break.
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As the current Tesla and Toyota collaboration winds down, it looks like the future holds a new joint venture with the two companies.
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The Tesla Gigafactory will be built in. . . the state of Nevada.
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Tesla CEO Elon Musk might want “hundreds” of Gigafactories, but the site for the first one won’t even be determined until late this year.
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When the new Tesla “gigafactory” opens, CEO Elon Musk says that the price of lithium-ion cells will drop by 30 percent. But that isn’t enough according to Musk.
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Tesla will directly invest $2 billion into its new Gigafactory while its partners will contribute another $2 to 3 billion to the project.
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Tesla is readying a new battery production plant known as the Gigafactory, and company CEO Elon Musk says it will be “heavily powered” by solar and wind energy.
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