Tesla outlines scheme for $4-5B battery Gigafactory; announces $1.6B offering
Green Car Congress
FEBRUARY 27, 2014
'The planned cell output of the Gigafactory in 2020 exceeds 2013 global production by current manufacturers, Tesla said. Click to enlarge. Via a post on its website, Tesla Motors outlined its plan for its future battery “Gigafactory”, projected to require between $4-5 billion in investment from Tesla and its partners by 2020, with a resulting cell capacity of up to 35 GWh/year and pack capacity of up to 50 GWh/y to service a projected 500,000 Tesla electric vehicles per year.
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