Tesla's latest factory to take on triple the workload

By Nell Walker
Tesla's enormous 'gigafactory' will triple planned production. Teslas newest factory will have much higher production than intended. Tes...

Tesla's enormous 'gigafactory' will triple planned production.

 

Tesla’s newest factory will have much higher production than intended.

Tesla is building a gigantic factory just outside Sparks, Nevada, which when completed will stretch across around 10 million square feet.

The company has built 1.9 million feet of it thus far, and is rushing to complete the project in time for the launch of the Model 3 sedan. The Model 3 costs $35,000 and there have already been 400,000 pre-orders. Tesla has already received criticism suggested it will fail to keep up with demand. 

The facility will be able to produce enough batteries to support 1.5 million cars, which is thrice the number of cars CEO Elon Musk had intended the factory to support.

The Model 3 could create $20 billion in revenue per year for Tesla, with an annual gross profit of $5 billion.

The company aims to produce up to 500,000 cars per year before 2020 which would require it to produce its own lithium-ion battery cells. It currently buys them from Panasonic in Japan, but the new gigafactory – and potential future gigafactories – should take away some of the strain.

 

Follow @ManufacturingGL and @NellWalkerMG

Share

Featured Articles

Hitachi Omika Works adopts Qlik for data analytics

James Fisher, Chief Strategy Officer at Qlik, discusses Hitachi’s use of Qlik analytics and revolutionising supply chain decision-making with AI

Fictiv’s Sustainability in Manufacturing report

Nate Evans, Fictiv Co-Founder, on results featured in Fictiv’s Sustainability in Manufacturing report, from renewable energy to carbon reduction strategies

Interview with Matthieu Rambaud, CEO of TRIGO Group

Matthieu Rambaud, CEO of TRIGO Group, is leading the manufacturing technology evolution across the company, while navigating AI & supply chain challenges

Applying the metaverse to the manufacturing industry

Digital Factory

Managing supply & demand in pharma manufacturing

Procurement & Supply Chain

Trend Micro on the future of cybersecurity in manufacturing

Technology