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Tesla to Pursue Two Sites for Battery “Gigafactory”
Tesla Motors Inc. plans to select at least two states in which to build a giant batterymaking factory, then pursue construction plans in each one right up to groundbreaking before choosing the final site.
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Tesla Motors Inc. plans to select at least two states in which to build a giant batterymaking factory, then pursue construction plans in each one right up to groundbreaking before choosing the final site.
The objective, CEO Elon Musk tells Bloomberg News, is to minimize the risk of last-minute glitches that would delay the $4 billion facility from beginning actual production in 2017.
When he announced the project in February, Musk said Tesla would consider sites in Arizona, Nevada, New Mexico and Texas. He tells Bloomberg that Tesla's home state of California didn't make the list because of its time-consuming regulatory approval process.
Tesla has predicted the 10 million-square-foot plant will cut the cost of batteries for its EVs by 30% in the first year of high-volume production.
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