Elon Musk: Giga Factory to Allow Tesla to “Create a Compelling and Affordable Electric Car”
Though Tesla CEO Elon Musk didn’t spill all the beans on the upcoming Tesla battery giga factory during the 2013 earnings report/conference call, he did make a statement on the matter that’s been picked up by MIT Technology Review:
“[The Gigafactory] will allow us to achieve a major reduction in the cost of our battery packs and accelerate the pace of battery innovation. Working in partnership with our suppliers, we plan to integrate precursor material, cell, module and pack production into one facility. With this facility, we feel highly confident of being able to create a compelling and affordable electric car in approximately three years.”
From this statement, we can conclude that the affordable Tesla (Gen III or Model E) won’t be possible without the giga factory and that Tesla will partner with suppliers, meaning there will be more than one. Perhaps both Panasonic and Samsung will come on board?
Source: MIT Technology Review