Categories
Tesla's Warns

Elon Musk warns that Tesla’s ‘Battery Day’ tech is two years away – Engadget

The Tesla “battery day” presentation is almost here, set to take place tomorrow after being rescheduled from April due to the coronavirus pandemic. But with just hours to go until the company reveals something — the expectation is that it has developed at least one new type of battery cell that could help it stay ahead of growing EV competition — Elon Musk has some news.

We intend to increase, not reduce battery cell purchases from Panasonic, LG & CATL (possibly other partners too). However, even with our cell suppliers going at maximum speed, we still foresee significant shortages in 2022 & beyond unless we also take action ourselves.

— Elon Musk (@elonmusk) September 21, 2020

According to Musk, “what we announce will not reach serious high-volume production until 2022,” and this will have implications for its Semi, Cybertruck and Roadster. He also went on to say that the company plans to increase battery cell purchases from partners like Panasonic and LG, but indicating the company will take action to avoid shortages in the future, a possible hint to ward getting into cell manufacturing itself. We’ll find out exactly what that means when the presentation occurs tomorrow, with the Annual Meeting of Stockholders and Battery Day event scheduled to start at 4:30PM ET / 1:30PM PT.

Read More

Categories
'Gigafactory' Tesla's

Tesla’s new $1B ‘Gigafactory’ will open near Austin, with Musk calling it an ‘ecological paradise’ – Chron

By Rebecca Hennes

Published

  • Gov. Greg Abbott said in a statement that the electric vehicle manufacturing plant will create at least 5,srcsrcsrc new jobs. Photo: Gov. Greg Abbott/Twitter

    Gov. Greg Abbott said in a statement that the electric vehicle manufacturing plant will create at least 5,000 new jobs.

    Gov. Greg Abbott said in a statement that the electric vehicle manufacturing plant will create at least 5,000 new jobs.

    Photo: Gov. Greg Abbott/Twitter

Photo: Gov. Greg Abbott/Twitter

Gov. Greg Abbott said in a statement that the electric vehicle manufacturing plant will create at least 5,000 new jobs.

Gov. Greg Abbott said in a statement that the electric vehicle manufacturing plant will create at least 5,000 new jobs.

Photo: Gov. Greg Abbott/Twitter

Tesla CEO and controversial billionaire Elon Musk announced his company has chosen southeast Travis County for its newest “Gigafactory” that promises to hire thousands of workers and generate over $1 billion in capital investment.

Musk said during a recent earnings call that the factory will be located minutes from downtown Austin and be open to the public, CNBC reported. Situated over 2,000 acres near the Colorado River, Musk said the site will be an “ecological paradise” with a boardwalk, hiking and biking trails.

Gov. Greg Abbott said in a statement that the electric vehicle manufacturing plant will create at least 5,000 new jobs.

Tesla picks Texas for its Cybertruck factory.

⁦Thanks to ⁦.@elonmusk⁩ & .@Tesla for embracing our great state.

The Gigafactory will employee thousands of Texans & be a cornerstone for next generation innovation.

It’s been fun to get to know you.

Welcome to Texas. pic.twitter.com/PsnfaEUHaz

— Greg Abbott (@GregAbbott_TX) July 22, 2020

“Tesla is one of the most exciting and innovative companies in the world, and we are proud to welcome its team to the State of Texas,” Abbott said in the statement. “Tesla’s Gigafactory Texas will keep the Texas economy the strongest in the nation and will create thousands of jobs for hard-working Texans. I look forward to the tremendous benefits that Tesla’s investment will bring to Central Texas and to the entire state.”

ON HOUSTONCHRONICLE.COM: Tesla makes $104M profit in 2Q despite factory shutdown

The company’s Cybertruck, Semi, Model 3 and Model Y vehicles will be built at the site, per CNBC.

The announcement garnered lots of support online with many Texans welcoming Musk to the Lone Star State, including Republican Sen. Ted Cruz:

Welcome to Texas! @Tesla @elonmusk https://t.co/F1etAcYP55 pic.twitter.com/rbrNiRNXMz

— Ted Cruz (@tedcruz) July 23, 2020

rebecca.hennes@chron.com



Read More