Earlier this year, Tesla announced that they would be building their third Gigafactory, or Gigafactory 3, in Shanghai’s Lingang New City near Shanghai’s free-trade zone in the Pudong District. Gigafactory 3 would not be a joint venture with a Chinese company as typically required by the Chinese government, but rather a wholly owned factory of Tesla’s. Estimates on construction peg Gigafactory 3 about two years to complete and it looks like work is already being done to get the site prepped and ready to break ground.
According to a recent video posted on YouTube, it appears that personnel, fencing, and heavy machinery has already been dispatched to the [...]
In a saga that started with Tesla CEO, Elon Musk tweeting that he was considering taking Tesla private at $420 a share, it has come to a close after almost two weeks of drama as Mr. Musk recently published a blog post on Tesla confirming that he is now no longer considering the move. According to the post, Mr. Musk decided to keep Tesla public due to two major reasons.
The first is feedback from existing shareholders who did not want the company to go private. Many of Tesla’s shareholders are institutional and retail investors that won’t be able to invest in Tesla if the company goes private. This sentiment was most clearly outlined in ARK Investment [...]
Popular YouTuber MKBHD recently visited Tesla’s Fremont Factory to interview Tesla CEO Elon Musk and it looks like they scheduled in a tour of the factory as well. In the factory tour, MKBHD and Elon Musk walks through the Model S/X manufacturing line discussing the various parts of the line in much more detail than we’ve seen before.
During the tour, Elon Musk discusses a lot of the challenges Tesla faced with automation as well as solutions they’ve employed to help solve those challenges. In the video it’s very clear to see just how involved Elon Musk is in his factory as the entire tour was a constant barrage of new ideas as well as ideas [...]
China has quickly become a hotbed for the development of electric vehicles. Thanks to massive subsidies by the Chinese government for companies that produce and sell electric vehicles in the country, China has quickly become one of the largest markets for electric vehicles making it a natural spot for Tesla to build their third Gigafactory, or Gigafactory 3.
Over the past few weeks, it appears that Tesla CEO, Elon Musk, has been busy working with the Chinese government to sign a deal for Tesla’s new Gigafactory. In a recent announcement, Gigafactory 3 will be located in Lingang New City in Shanghai’s Pudong District. Tesla expects to break ground as early [...]