Thursday, February 27, 2014

Tesla reveals $5 billion Gigafactory, the world's largest battery plant

recode Free Republic

quote:
Capital expenses will be split among Tesla and still unnamed partners, which will together invest between $4 billion and $5 billion through 2020, the company said. Tesla expects to directly invest around $2 billion.--- James Temple
Company expects to produce batteries for half a million cars a year.  Currently, they sell 35k a year.  We'll see.

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