Tesla battery plant

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This State Is Pushing Hard to Be Home of the Tesla (Nasdaq: TSLA) Gigafactory

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - March 26, 2014
When Tesla Motors Inc. (Nasdaq: TSLA) first announced its plans for the "Gigafactory," the company listed four states as possible homes for the world's largest lithium-ion battery factory: Arizona, Texas, Nevada, and New Mexico.
One month later, no final decision has been made, but one state is making the strongest push.

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This State Is Pushing Hard to Be Home of the Tesla (Nasdaq: TSLA) Gigafactory

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - March 26, 2014

When Tesla Motors Inc. (Nasdaq: TSLA) first announced its plans for the "Gigafactory," the company listed four states as possible homes for the world's largest lithium-ion battery factory: Arizona, Texas, Nevada, and New Mexico.

One month later, no final decision has been made, but one state is making the strongest push.

Apple and Tesla Motors Inc. (Nasdaq: TSLA) Might Have a Secret Plan

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - March 4, 2014

It now appears that rumors Apple Inc. (Nasdaq: AAPL) had an acquisitive eye on Tesla Motors Inc. (Nasdaq: TSLA) were just that - rumors.

But the two companies have been talking, and almost surely about the planned Tesla Gigafactory, an enormous rechargeable battery production plant projected to open in 2017 and cost at least $5 billion.

It makes total sense. Thanks to its sales of millions of mobile devices like iPads, iPhones, and laptops, Apple uses twice as much battery capacity as Tesla.

The Real Impact of the Tesla Gigafactory (Nasdaq: TSLA)

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - February 28, 2014

Tesla Motors Inc. (Nasdaq: TSLA) Chief Executive Officer Elon Musk had been hinting at the Tesla Gigafactory for months, and this week he delivered more of the information investors have been craving.

The lithium ion battery-producing Gigafactory is expected to cost the automaker $5 billion to construct and will employ approximately 6,500 people.

Tesla "Gigafactory" Could Send Stock Through the Roof (Nasdaq: TSLA)

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - February 25, 2014

Tesla Motors Inc. (NASDAQ: TSLA) has narrowed its location search for the new "Gigafactory" to sites between 500 and 1,000 acres in Arizona, New Mexico, Nevada, and Texas. The plant is projected to open in 2017 and will cost up to $5 billion.

The Gigafactory will employ approximately 6,500 and will reach full output capacity by 2020. At that point, the plant will be able to supply power for more than 500,000 vehicles annually.

"The Gigafactory is designed to reduce cell costs much faster than the status quo and, by 2020, produce more lithium ion batteries annually than were produced worldwide in 2013," the company stated.

Tesla battery plant

Featured Story

This State Is Pushing Hard to Be Home of the Tesla (Nasdaq: TSLA) Gigafactory

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