30 Apr '14, 4pm

Tesla Gigafactory Site Choice Due Soon--Or, Maybe Two Sites

By Antony Ingram 546 views Apr 30, 2014 Follow Antony Reddit This! Share on Facebook Share on Twitter Slide showing Tesla Motors gigafactory statistics, from Feb 2014 presentation Enlarge Photo Tesla CEO Elon Musk isn't just planning one site for the company's future battery gigafactory--he's actually looking at two. As a way of avoiding "last minute issues" on a possible site for the factory, Tesla Motors [NSDQ:TSLA] will break ground at two sites, reports Bloomberg . Tesla announced its need to build a battery 'gigafactory' during an earnings call back in November . The company already uses a large proportion of the lithium-ion batteries developed for electric vehicles, and plans for two more models on the company's horizon means demand is set to rocket--and Tesla needs to be capable of producing batteries for half a million electric vehicles by 2020. Locations in Arizon...

Full article: http://www.greencarreports.com/news/1091814_tesla-gigafac...

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