Elon Musk: Giga Factory to Allow Tesla to “Create a Compelling and Affordable Electric Car”

FEB 26 2014 BY ERIC LOVEDAY 9

Tesla Model S

Tesla Model S

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:

Will Panasonic Be the Supplier Tesla teams Up With?

Will Panasonic Be the Supplier Tesla teams Up With?

“[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?

Just To Demonstrate The Close Ties Between Tesla And Panasonic, Here Is A Shot Of The Two Of Them Sharing Some Booth Space From Our Trip To The Tokyo Motor Show In Late 2013

Just To Demonstrate The Close Ties Between Tesla And Panasonic, Here Is A Shot Of The Two Of Them Sharing Some Booth Space From Our Trip To The Tokyo Motor Show In Late 2013

Another Shot Of The Booth

Another Shot Of The Booth

And Why Not?  One More!

And Why Not? One More!

Source: MIT Technology Review

Categories: Tesla

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9 Comments on "Elon Musk: Giga Factory to Allow Tesla to “Create a Compelling and Affordable Electric Car”"

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David Murray

Wasn’t he supposed to be spilling the beans on this factory sometime this week?

Schmeltz

That’s what I thought too. There’s really no new news here. Is more forthcoming?

Jay Cole

Yes, “later” this week…no ETA on that presser yet, but we’ll announce/cover it the moment it happens.

As Panasonic is reportedly the major partner in the “Giga factory” I just added in some shots of Tesla and Panasonic co-habituating a booth this year at the Tokyo Motor Show for ‘fun’.

Update: “later this week” is tonight, lol:

Tesla Motors Gigafactory Announcement – All The Details

Schmeltz

+1. We’ll be watching out for that.

Andrew K

Knowing how Elon talks, “later this week” is Friday at 6pm Eastern or some such time. Not really the Tuesday or Wednesday we wanted.

pjwood

It will be big news on both the “what” and “how $$”. Musk seemed to make a safe statement, that doesn’t imply Samsung, in my opinion. Could just be raw materials.

Lou Grinzo

That sound you hear in the background is hydrogen boosters flopping around on the floor, screaming hysterically and rending their garments.

Chris O

I wonder how a 6 billion investment in a battery factory (if that number is correct)rhymes with the goal to make cars affordable. Even if it does the battery packs of a million cars that’s still $6K per car in writing off the initial investment in the battery factory alone.

Blind Guy

I think Tesla wants to get this done without the headache of DOE loans. I think this kind of manufacturing is one example of what America needs to be investing in. States should be begging for this business opportunity; too bad AZ. has such ignorant legislators.