24 Feb '17, 5am

Tesla Tells Investors A Plan for Four More Gigafactories Will Be Released

Tesla Tells Investors A Plan for Four More Gigafactories Will Be Released

Tesla expects demand for electric vehicle batteries will be strong enough to add four more Gigafactories beyond its current Nevada plant. In a note to investors Wednesday with its quarterly financial report, the company said it will lay out those plans by the end of the year. As for “Gigactory 2,” that plant will be placed at SolarCity’s facility in Buffalo, N.Y., which Tesla acquired through the acquisition of the solar power company. Tesla has been preparing that Buffalo facility to open a solar cell and modular manufacturing division with Panasonic Corp. Production is scheduled to being there this summer, with about 1,400 workers expected to eventually be employed in the solar plant. There will be much interest in where the other three new Gigafactories will be established. Tesla CEO Elon Musk has tweeted and made media comments about the possibility of opening shop in ...

Full article: http://www.hybridcars.com/tesla-tells-investors-a-plan-fo...

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