The Gigafactory is Open for Business
Tesla Motors’ (NASDAQ: TSLA) Gigafactory is now open for business near Reno, Nevada. Bloomberg reported that the factory is now producing Tesla Energy products; including Powerwall home storage batteries and Powerpack batteries for commercial use, has begun at the plant.
Production of the power units for Tesla cars has not yet begun because the factory is only 14% complete. Despite that Tesla is reportedly planning a grand opening for July 29, 2016, to which the public is apparently invited.
Once the factory is in operation; Tesla will use the nearby Union Pacific railroad tracks to ship the batteries to its factory in Freemont, California, just across the bay from San Francisco. That could create a lot of business for the Union Pacific because Elon Musk hopes to manufacture a half million Tesla vehicles by 2018, just two years from now.
Once it is done, the Gigafactory will be vast and its production levels staggering. Bloomberg reported that the factory will contain 5.8 million square feet (1.8 million square meters) in space the equivalent of 100 American football fields.
It will produce enough battery cells to hold 35 gigawatt hours and enough battery packs to hold 50 gigawatt hours of electricity a year, once in production. That’s a lot of electricity because a gigawatt is one billion watts. That the Gigafactory will produce enough batteries to hold 35 billion watt hours of electricity and enough battery packs to store 50 billion watt hours of electricity in a year.
That will provide a lot of batteries for both Tesla’s cars and Solar City’s home electric systems. Solar City has opened its own Gigafactory to build Solar panels in Buffalo, New York. The battery systems for buildings will be distributed under the Tesla Energy brand.
Volkswagen plans Gigafactory in Germany
Not be outdone; Volkswagen (OTC: VLKAF) is planning its own; larger gigafactory in Salzgitter, in Lower Saxony. Volkswagen’s factory could be larger than Tesla’s. Teslaratti reported that it will cost $11 billion, more than twice the cost of the gigafactory.
The Salzgitter battery factory is part of Volkswagen’s plans to offer 20 models of electric cars and sell one million electric vehicles a year by 2025. Musk claims Tesla will be capable of producing one million electric cars a year by 2020.
https://geekcrunch.reviews/gigafactory-open-business/https://i2.wp.com/geekcrunch.reviews/wp-content/uploads/2016/06/gigafactory8b.jpg?fit=1024%2C683&ssl=1https://i2.wp.com/geekcrunch.reviews/wp-content/uploads/2016/06/gigafactory8b.jpg?resize=150%2C150&ssl=1InvestmentsElectric Cars,Elon Musk,Powerwall,Solar City,Telsa Motors,Tesla,Tesla Motors’ (NASDAQ: TSLA),VolkswagenTesla Motors’ (NASDAQ: TSLA) Gigafactory is now open for business near Reno, Nevada. Bloomberg reported that the factory is now producing Tesla Energy products; including Powerwall home storage batteries and Powerpack batteries for commercial use, has begun at the plant. Production of the power units for Tesla cars has not...Daniel JenningsDaniel Jennings[email protected]AuthorGeek Crunch Reviews