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Tesla Plans to Create World's Biggest Battery Factory

Tesla produces electric cars that are the best in their category. That is why it is planning on creating a giant factory where lithium-ion batteries will get manufactured.

Nov 6 2013, 5:22am CST | by

11 Updates
Tesla Plans to Create World's Biggest Battery Factory
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Tesla Plans to Create World's Biggest Battery Factory

The quest to take electric cars into the lives of ordinary people will be a difficult process. That is why Tesla Motors has decided to create the world’s largest lithium-ion battery manufacturing facility. This will be a humongous project. The fact is that the number of electric cars is outrunning the number of batteries to fuel them. That is why the company plans on mass production of the batteries. 

Tesla CEO Elon Musk said, “This will be a giant facility. We are talking about something that is comparable to all of the lithium-ion battery production in the world — in one factory,” during Q3 earnings conference call. “It’s big.”

Furthermore, the CEO, Elon Musk spoke of how the venture was going to be quite environment-friendly. Besides zero emissions of pollutant gases there would be a lot of recycling going on to save up on raw materials. The whole process of battery production, from raw material till finishing, will be done in this factory. It is literally described as a Giga Factory of sorts. North America will most likely be the place to built this factory.

The ambitions of the execs at Tesla are laudable. They have a scheme that will outsell all the lithium batteries produced in the world. Apart from Tesla’s CEO’s passion for outer space exploration and his concept of the Hyperloop, this is something new indeed. 

Being the global leader in lithium ion battery manufacturing factories is no mean feat. Over two billion new samples are to be made over the next four odd years. They will go on to fuel the Model S and Model X which is yet to come on the scene in 2014. The CEO is not revealing any more details on the subject. However, it is a sure thing that Tesla Motors will put all its energy and efforts into this unique project. 

Source: Forbes

 

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Update: 11

Tesla, Panasonic Ink Deal To Make Huge Battery 'Gigafactory'

Source: WSB Radio

The deal will help build a massive battery factory that Tesla says will produce 500,000 lithium ...
Source: WSB Radio   Full article at: WSB Radio 5 hours ago
 


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Update: 10

Tesla Posts Loss, But Top Estimates

Source: RTTNews

Tesla Motors said its loss for the second quarter widened, hurt by stock-based compensation expense and interest costs that offset growth in sales of its electric cars. Excluding items, Tesla posted a profit that crushed Wall Street estimates with sales also surpassing e ...
Source: RTTNews   Full article at: RTTNews 10 hours ago, 5:00pm CDT
 

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Update: 9

Tesla earnings beat expectations, stock wobbles

Source: USATODAY

The electric car maker reports says sales are on track     ...
Source: USATODAY   Full article at: USATODAY 11 hours ago, 4:28pm CDT
 

Update: 7

Tesla says decision on battery factory months away

Source: KLTV

Electric car maker Tesla Motors says it is preparing a site near Reno, Nevada, as a possible location for its new battery factory, but is still evalua ...
Source: KLTV   Full article at: KLTV 11 hours ago, 4:04pm CDT
 

Update: 6

Tesla: 8,763 Cars Built, 7,579 Sold, 'Potential' Nevada Gigafactory Ground Broken: Q2 Earnings Report

Source: Honda Insight Reviews

Tesla Motors built 8,763 Model S electric cars and delivered 7,579 of them to customers during the second quarter, according to just-released second-quarter results. It expects to deliver 7,800 cars this quarter, largely due to a two-week production shutdown for retooling at its factory in Fremont, Californi ...
Source: Honda Insight Reviews   Full article at: Honda Insight Reviews 11 hours ago, 3:45pm CDT
 

Update: 5

Tesla starts ‘Gigafactory’ in Reno but still looking at sites in California, other states

Source: Sacramento Bee

Tesla Motors Inc. confirmed today it has broken ground near Reno for its massive “Gigafactory” but said it’s still evaluating sites in California ...
Source: Sacramento Bee   Full article at: Sacramento Bee 11 hours ago, 3:39pm CDT
 

Update: 4

After Hours: Tesla earnings to dominate after-hours headlines

Source: MarketWatch

Tesla is expected to be active in Thursday’s extended trading following the release of its quarterly ...
Source: MarketWatch   Full article at: MarketWatch 12 hours ago, 2:48pm CDT
 

Update: 3

Can Tesla Manage to Please on Earnings?

Source: 24/7 Wall St.

Tesla Motors is set to report earnings after the close of trading on Thursday. With shares up so much, it seems likely that the company has to do very ...
Source: 24/7 Wall St.   Full article at: 24/7 Wall St. 14 hours ago, 1:20pm CDT
 

Update: 2

S.J. one of several sites under consideration for Tesla’s battery plant

Source: Recordnet.com

San Joaquin County has emerged as one of several sites considered for Tesla Motors Inc.’s battery plant, expected to cost $5 billion and gene ...
Source: Recordnet.com   Full article at: Recordnet.com 14 hours ago, 12:41pm CDT
 

Update: 1

Nevada Construction Project Could Be Tesla/Panasonic Gigafactory

Source: AppleSlashdot

cartechboy (2660665) writes "Earlier in the week we heard that Tesla and Panasonic had reached an agreement to build the gigafactory together, and today that became official. Now it seems that things are farther along than anyone thought. In fact, construction of the plant might already be secretly underway in Nevada. This is of course interesting as Tesla hasn't officially announced where the gigafactory will be built. Something called Project Tiger is ...
Source: AppleSlashdot   Full article at: AppleSlashdot 15 hours ago, 11:44am CDT
 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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