elon musk is racing to get tesla's gigafactory battery plant completed early - lithium ion battery for solar street light

Half an hour east of Renault on the plains of the lonely mountains, on a street called Electric Avenue, Tesla Motors
A large battery plant called Gigafactory 1 is being built.
This is a huge bet for a company that is known for its adventure: $5 when it is fully up and running
Billions of factories will almost double the world's lithium production.
Ion batteries by 2018.
So far, the factory has only completed part of it, but the electric car maker is racing to speed up the pace and make as much as possible when the company's new Model 3 starts selling to the assembly line at the end of next year.
"We are laying the foundation for battery construction, which may be the biggest limitation on the success of Model 3 and future Tesla cars," Chief Executive Elon Musk said on a visit to the factory on Tuesday. For now,1.
9 million square feet of factory space is built into a huge four-
The white story is rectangular with a red stripe on the top.
Eventually, Gigafactory 1 will span a desolate landscape with over 10 million square feet of space and become one of the largest buildings in the world.
In addition, Musk predicts that fixed energy storage will eventually reach [size]Tesla's]auto business.
"After Tuesday's visit, the colleague told dozens of reporters
The founder called the Factory "very romantic" and said he saw more Geely cars on Tesla's Road
And other companies.
"It makes sense to have a gigabit factory in Europe, one in China and one in India --
"There is a huge demand for this product everywhere," he said . ".
He hopes that one day these plants will be able to combine batteries, battery packs and vehicle assembly in the same location.
Tesla is planning a "grand opening" of the huge new battery plant on Friday, although it will take a few months before it is fully operational.
Jessica Caldwell, senior analyst at Edmunds, said it was "extremely important" for their success ".
Com, when it comes to factories.
Tesla wants the plant to provide a stable battery supply for its vehicles and reduce battery costs by at least 30%.
This is especially important because Tesla first positioned itself as a Volkswagen manufacturer --
That means it needs to be ready for the masses.
Market production figures.
More than 373,000 potential customers have completed the Model 3 pre-
Even Tesla executives were surprised.
Company now-
Has been plagued by missed production targets in the past
It must honor its promise to launch its first car by the end of 2017.
The gigabit plant will help to achieve this goal.
Musk said that by putting all Tesla's battery production under one roof and on such a large scale, Tesla will be able to meet customer demand for Model 3 and other vehicles.
It wants to do this faster than previously expected.
After pre's windfall
According to the order, Musk announced that he would speed up Tesla's production plan by two years and urged workers to speed up the work of Geely's plant so that it could handle the problem.
The Model 3 starts at $35,000, about half of the luxury flagship Model S.
Tesla delivered about 500,000 Model S cars last year, but it expects sales of all three models to reach one in 2018.
Musk made a grand plan for the company.
Last week, he said Tesla would launch light trucks, heavy trucks and buses in addition to Model S, Model 3 and Model X SUVs.
Gigafactory 1 is part of a more ambitious Musk program designed to create a new sustainable energy company that provides the necessary technology to prevent the collapse of civilization.
If Tesla's recent acquisition of solar panel maker SolarCity is successful, customers can operate a company on solar energy through Tesla's products and services, charge electric vehicles and store surplus power for later
"Given that his actions are far beyond the reach of transport, this Gigabit plant and the batteries it produces are the key to everything else," Edmunds said . ". com's Caldwell.
"If Musk can't achieve economies of scale and reduce production costs while improving battery efficiency, Tesla's future seems to be problematic.
"The factory now manufactures battery packs for rechargeable home and commercial storage units, called Powerwall and Powerpack, which are supplied by Panasonic
A super investor.
The batteries of modern electric vehicles are not like the familiar square black box under the gasoline hood --powered cars.
Instead, thousands of lithiumion cells—
A battery that powers a laptop
It is folded into packaging and installed under the car.
The staff of Geely factory are busy decorating the battery production part of the factory, which will be operated by Panasonic.
Panasonic batteries are currently produced in Japan and shipped to Tesla's Fremont assembly plant.
When the battery factory is full
Run production and all this will be done there.
Feed the raw material into one end, make the battery, and then assemble it into a module to form a battery pack.
Musk said he expects 10,000 employees to work in Geely's factory in three or four years. The plant's $5-
Paying billions of dollars in cash through Tesla stock offerings and Japanese electronics giant Panasonic, the company is down $1.
6 billion of the project.
Incentives with a total investment of more than $1.
25 billion from Nevada
No property tax for 10 years, no sales tax for 20 years.
In addition, Tesla can sell a $0. 195 billion tax credit in cash.
Tesla may need more cash: the amount of money needed for car manufacturing is huge.
If Model 3 is mass-produced without major issues and sold as Tesla hopes, then some of the pressure will ease.
Cash will be tight and short until then
Sellers will continue to bet on failure.
According to the latest financial report, Tesla's free cash flow is negative.