– Inside The Gigafactory That Will Decide Tesla’s Fate:
The $5 billion Gigafactory was born of necessity. Tesla needs a hell of a lot of batteries, for both the forthcoming mass-market Model 3 sedan and the Tesla Energy product line. The timeline for getting those batteries made just became much shorter, too. On Wednesday, Tesla Chief Executive Elon Musk stunned investors by announcing a sped-up production schedule that calls for a half-million electric vehicles per year by 2018, not the previously stated goal of 2020. For a company that delivered just 50,658 vehicles in 2015, the ramp looks like a hockey stick.
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