500,000 cars and $5bn; with Tesla’s groundbreaking new factory set to open on Friday, we look at some of the numbers behind it

The Tesla Gigafactory will be officially opened on Friday, with the manufacturer ramping up work to get it ready well in advance of its original deadline to be ready for the rollout of its forthcoming Model 3.

Read more about Tesla's Gigafactory, plus plans for a European Gigafactory, here

The factory is already partially operational, and Tesla says the £3.8bn plant, which was originally set to open in 2017, will revolutionise EV battery production. It will supply batteries and components for Tesla’s range of electric vehicles, including the Model S and Model X.

The factory in Nevada is expected to slash production costs of batteries by more than 30%, and battery cell production is expected to commence late next year before the launch of the Model 3. The Model 3 is priced at $35,000 in the US, but when it reaches the UK, after external and UK import costs are accounted for, it’s likely to cost closer to £35,000, and the Gigafactory is seen as a key factor in helping keep the price down.

These are some of the key numbers behind Tesla's new factory.

35 GWh

This is the planned annual battery production of the factory in giggawatt-hours when it reaches full capacity. “Giga” is a unit of measurement representing “billions”, so one GWh is the equivalent of generating one billion watts for one hour. Therefore, the factory could eventually produce around 460,000 Model S lithium ion batteries a year.

2020

This is the year Tesla expects to reach full capacity, producing more lithium ion batteries annually than were produced worldwide in 2013, 17 years after the company was founded.

500,000 cars

Eventually, Tesla wants to be churning out half a million cars per year from the factory, which would be a seismic shift from a manufacturer that has never built more than 50,000 cars in a year. For further perspective, Nissan’s Sunderland factory, which is one of the largest in Europe, took 28 years to make 500,000 units annually after it opened in 1984.

3000 acres

The factory currently sits on a 3000-acre site in Nevada and will be one of the largest buildings in the world when it’s completed. As it stands, the factory on the land is thought to only take up one-sixth of the total site.

6500 employees

When it’s at full capacity in 2020, the factory will employ 6500 people. The number of construction workers on the site is thought to have doubled to try and complete the build, with 1000 workers building seven days a week on two shifts to get it ready.

400,000 deposits

The new Model 3 has proved hugely popular already, and is part of the reason that Elon Musk has hurried along the plans to get the gigafactory up and running. Around 400,000 deposits have already been placed for the new mass-market electric saloon, with first deliveries set for late 2017.

£3.8bn

The factory is said to have cost around $5bn (£3.8bn), with Tesla partnering with various companies, including Panasonic, to help fund it.

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Comments
3

27 July 2016
More of Tesla's marketing to keep up the value of their share price which is, of course, the real product of Tesla the company.
Everything Tesla does as 'marketing' or 'publicity' is there only to increase the value of their shares which is of course the current paradigm of Silicon Valley 'Tech Companies'.
Making cars is just part of the 'marketing'

27 July 2016
The roof seems made of solar panels. Is it? Is it the world's first car plant with zero emissions?

27 July 2016
I think this is marketing in the worst sense, how could they build the biggest factory of it's type which revolutions car design on mass for the first time in a hundred years, please keep it to yourself Musk. This should be kept Secret. You'd never see Aston martin doing stupid things like the CEO checking the first 1000 cars. P.S BMW would never evr do this

 

Hydrogen cars just went POP

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