Tesla and Panasonic are freezing plans to boost the capacity of their Gigafactory 1, the largest EV battery plant of the world, as concerns mount on Wall Street regarding sales at Tesla dipping below estimates. The partners had planned to increase capacity 50% by next year, but with sales of electric vehicles performing less than […]
Gigafactory
Tesla secures Shanghai plot for $2 billion to build Gigafactory
Tesla Inc has signed a deal with the Shanghai government for an 860,000 square meter plot of land to construct its first overseas Gigafactory, the automaker stated in a Chinese social media post. The land agreement marks a major step toward the company and its CEO Elon Musk making cars regionally in China for the […]
Tesla alleges former worker of hacking and transferring data
Tesla Inc has sued a former worker claiming that he hacked the electric automaker’s trade secrets and transferred huge amounts of company data to third parties, as per a lawsuit filed in federal court in Nevada on Wednesday. In its lawsuit Tesla says that Martin Tripp, who earlier worked at the Tesla Gigafactory in Nevada, […]
Tesla can’t ramp up Model 3 production until next year
Tesla was set to open over 6 percent below the previous close on Thursday after it alarmed investors with its biggest quarterly loss yet and a hold-up in production targets for its Model 3 car by about 3 months. After a year which has actually seen shares in Silicon Valley’s company CEO Elon Musk’s venture […]
Chemicals spill at Tesla Gigafactory battery plant, no severe injuries
A dangerous material spill at Tesla’s Gigafactory battery plant in Nevada on Monday was being examined by emergency workers however there were no major injuries, the company informed. Tesla representative Dave Arnold said a drum of “standard construction cleaning solvent” was spilled at a loading dock and a small location of the structure was evacuated. […]
Former Tesla Manager Peter Carlsson aims to raise $4 billion for Europe’s biggest battery plant
A previous Tesla executive, Peter Carlsson, is aiming to raise a minimum of $4 billion to develop Europe’s biggest battery factory in Sweden to fulfill an anticipated rise in demand as the area’s automakers switch to electric vehicles. Carlsson, who managed automaker’s supply chain before going back to his native country, thinks European automakers’ push […]
Tesla hopes to work with Panasonic on solar energy
Tesla states it plans to start dealing with Japanese electronic devices company Panasonic Corp. on solar power. Panasonic had no instant comment Monday on Tesla’s declaration on its business blog site that the companies have signed a non-binding letter of intent to start working together on production of photovoltaic cells and modules at Panasonic’s center […]
Elon Musk Wants to Cut Tesla Spending for At Least Next 4.5 Weeks
Bloomberg has gotten an internal email from Tesla CEO Elon Musk to workers, where Musk encourages cost-cutting and a productivity push for the rest of the present quarter. Tesla has to raise more capital quickly to fund the spin-up of Model 3 production, building of its Gigafactory battery center, and a planned acquisition of SolarCity. […]
Tesla’s Nevada Gigafactory revisited
After months of on going construction, Tesla’s giant Gigafactory located in Sparks, Nevada invited guests and members of journalism for a celebratory grand opening occasion recently. To be exact, it will still take a couple of more years before building and construction on the factory is completed, but Tesla was comfy enough with the development […]
