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5 Incredible Opportunities Attached to Tesla Motors’ Gigafactory (TSLA)

Known for his industry-challenging ideas, Musk unveiled perhaps the crown jewel in his attempt to revolutionize the auto industry as we know it by announcing, just a little over a week ago, his company’s intentions to build a ‘Gigafactory.’

The way Musk envisions it, this Gigafactory has industry-changing potential. The goal, according to ablog post from Tesla Motors (NASDAQ: TSLA ) is to build a large-scale battery manufacturing facility, in cooperation with partners, to “achieve economies of scale, minimize costs through innovative manufacturing, and reduction of logistics waste.”

A deeper examination of the Gigafactory is provided by Tesla (link opens a PDF), and the goals being set are nothing short of lofty. In 2013, there were less than 35 GWh/year of production put out by all battery cell developers combined! By 2020, Tesla’s Gigafactory is expected to be producing 35 GWh/year of production annually by itself! Furthermore, Tesla anticipates, with its Model S sedan, Model X SUV, and economical Model E, to be producing some 500,000 vehicle annually by 2020, which would be up markedly from the 35,000 it’s forecasting in 2014.



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