Tesla is embarking on a building spree – and Elon Musk just revealed plans for up to five Gigafactories. In Wednesday’s fourth quarter investor letter, Musk said that the second Gigafactory will be Tesla’s solar manufacturing plant currently under construction in Buffalo, N.Y. – and the company plans to announce the final locations for Gigafactories 3, 4 and 5 later this year.
“Installation of Model 3 manufacturing equipment is underway in Fremont and at Gigafactory 1, where in January, we began production of battery cells for energy storage products, which have the same form-factor as the cells that will be used in the Model 3,” the letter reads. “Later this year, we expect to finalize locations for Gigafactories 3, 4 and possibly 5 (Gigafactory 2 is the Tesla solar plant in New York).”
Tesla said that the company’s first affordable electric vehicle, the Model 3, is on track for initial production in July, with volume production starting in September — 5,000 vehicles per week at some point in the fourth quarter of 2017, ramping up to 10,000 vehicles per week in 2018. Tesla also expects solar roof production at the New York factory to launch in the second half of the year.
Musk has previously stated that at least 200 gigafactories must be built in order to meet electric vehicle demand. With the announcement of more gigafactories in the works, Musk is making it clear that he is serious about accelerating the world’s transition to sustainable energy.
Via The Verge