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Is the Gigafactory getting even bigger? Tesla TRIPLES the amount of land it owns at superfactory battery site in Nevada

Daily Mail – By Ellie Zolfagharifard – 16 July 2015 Re-posted on Aug 26, 2016

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Photo: Tesla appears to be buying up huge chunks of the Nevada desert in its quest to build a battery empire. Known as the ‘Gigafactory’, the $5 billion Tesla structure is hoping to produce 500,000 lithium ion batteries annually, making it the biggest battery factory in the world

Huge project, which started last year, is underway near Reno and will begin battery production in 2016.

Founder, Elon Musk, has just confirmed that he has nearly tripled Tesla’s Nevada land purchases, adding 1,893 acres to the 1,000 it got hold of last year.

But Tesla said it isn’t planning to grow the factory itself in the near future. A spokesperson told the Wall Street Journal that most of the land will acts as extra space.

Tesla could put solar farms in this area to power the factory, but it said won’t add manufacturing capacity in the short term.

The Wall Street Journal also reported that Tesla recently received credit lines that could go up to $750 million to buoy its operations.

The battery factory is being constructed in stages, with the steel structure and roof of the first building already finished.

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Photo: An artist’s impression shows what the site could look like when it is finished. Nevada will also benefit from an investment in roads leading to the facility and potential to surround it with other ventures.

While Tesla has largely been kept the Gigafactory project under wraps, drone footage emerged in May showing construction of the Gigafactory in stunning high-definition.

The footage, uncovered by Bloomberg, offers the best views yet the structure and how construction work is progressing.

But it only offers a glimpse of what is to come. Elon Musk recently tweeted to say that what the drone footage shows is ‘not the full Gigafactory, it is just the pilot plant (1/4 size).’

Emory Peterson, who shot the footage, said the two-minute drone video was taken last Sunday from a mile away with a DJI Phantom 3 Professional Quadcopter Drone.

‘This video was shot ‘for fun,’ quite literally my first video ever made,’ Peterson said in an email to Bloomberg.

‘I merely posted it on my small company YouTube page because it is the only page I have… I’m happy to see it shining a light on our local economy.’

This local economy is set to undergo rapid expansion with Tesla expected to employ 6,500 in the area.

Tesla originally had plans to begin battery production within the next two years, but Musk recently revealed the project in on track to begin production next year.

The huge project is part of co-founder and CEO Elon Musk’s plans to drive down the cost of electric cars and create home battery packs to provide cheaper electricity.

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Photo: CEO of Tesla Motors Elon Musk.

Read entire article & see video here

Posted by Teri Perticone

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