Tesla may build up to three more Gigafactories


Tesla may build up to three more Gigafactories

Elon Musk describing the Tesla Gigafactory. (Courtesy Steve Jurvetson)

Tesla announced last week that it has upgraded its Gigafactory 1 in Nevada and begun battery cell production in anticipation of the launch of the Model 3 electric car later this year.

Tesla’s newest model is a four-door sedan designed for families and is expected to be the company’s most affordable model, starting at $35,000. The development and manufacturing of the Model 3 are on track to begin production in July, having begun prototype testing earlier in February.

Gigafactory 1 is also being adapted to accommodate the manufacturing of Tesla’s new solar roof system, which is expected to begin production later this year as well. The company is currently constructing a second factory, Gigafactory 2, a solar panel manufacturing plant, in Buffalo, New York, and expects to finalize the locations of Gigafactories 3, 4, and possibly 5, later this year.

To learn more about the new Gigafactory, you can read Tesla’s fourth quarter investor letter here or visit their website here. (Investor letter originally linked on Inhabitat.)