Tesla's Planned Giga Factory

Tesla's Planned Giga Factory

Giga Factory Graphic

Giga Factory Graphic

Tesla Motors has now gone on record with a statement related to partners who have shown potential interest in the Tesla battery giga factory:

“We are gratified by the level of enthusiasm our plans for the Gigafactory have generated from suppliers throughout the battery industry.  Since our announcement in late February, there has been tremendous interest from potential partners in collaborating on all aspects of the project. This has led us to take additional time to evaluate new inquiries along with our ongoing partnership discussions.”

We don't expect Tesla to reveal the giga factory partners until the deal is final, but at least we now know for certain that there are potential partners (not just one partner) interested in being part of the giga factory.  And yes, Panasonic and Tesla do have a signed Letter Of Intent on the giga factory, but that's non-binding.

As Quartz states:

The announcement of the first partner for the factory will be a “watershed moment” for Tesla, Morgan Stanley analysts say, and not just because any partner will be expected contribute a large portion of the $5 billion needed to fund it.

“For an established cell player to commit here implies they were sufficiently convinced by the calculations of Tesla’s engineers to open up its own supply chain, cooperate with rivals and change their place in the industry,” Morgan Stanley wrote. “In our view, such an announcement would represent giga-validation.”

How long will it be before the giga factory gets giga validation?  Any guesses?

Source: Quartz