2017 Is the Make-Or-Break Year For Tesla
This 2017 is considered as the make-or-break year for Tesla. Reports say that this will be the year Tesla to reigns supreme or finally flops, after 13 years of existence.
Gigafactory To Make Tesla's Lithium-ion Battery
Three years ago, Tesla Motors announced the company's plan to build the Gigafactory. It is a sprawling lithium-ion battery plant in the parched hills outside Sparks, Nevada. CEO Elon Musk proclaimed that it would be the world’s biggest building, spanning 107 American football fields. It would also produce at least 35 gigawatt-hours of batteries per year which is more than the entire global output of lithium batteries in 2013.
“It has to be big because the world is big,” Musk said last July. According to Spectrum, the Gigafactory in Nevada would make batteries cheaper than ever before. This would, in turn, ramp up electric vehicle sales as well as meaningfully cut petroleum consumption everywhere.
Other automakers rely on pouch-shaped Li-ion battery cells specially designed for EVs, while Tesla powered its first all-electric cars using the same cylindrical “18650” Li-ion battery cells employed in laptop batteries. The said batterie cells are purchased from Panasonic. That strategy was fine so long as Tesla made only high-end EVs such as the Model X and Model S.
Tela's New Car Models For The Masses
CEO Musk’s plan for Tesla is to start selling luxury cars such as the Model S sedan and Model X SUV, as reported by Wired. Then the use of the resulting revenue is to fund the development of a car that everyone can afford—the long-awaited and most anticipated Tesla Model 3.
At a starting price of $35,000, Tesla Model 3 is in the mainstream territory. Selling millions of the aid model is fundamental to Musk’s and company's goal, that is popularizing sustainable transport and slowing the climate change.
Faraday Future To Build 10,000 Cars Per Year In New Hanford Factory
Faraday Future has leased a former tire plant in Hanford, California.
Tesla Model 3 Delivery Started, 30 Telsa Employees First To Get Hands On
Tesla Model 3 deliveries started on July 28 and 30 employees from Telso got the car keys.
Elon Musk Reveals First Images Of Tesla Model 3 Production Unit On Twitter
Elon Musk showed off the very first Tesla Model 3 unit on Twitter and Instagram.
Tesla Model 3 Hits Production This Week, First Car To Be Delivered This Month
The Model 3 will be priced around $35,000. Elon Musk envisions it reaching a much wider range of customers and has said he expects it to push Tesla’s output to 500,000 cars a year in 2018.
BMW Is Set To Unveil Its Tesla Model 3 Competitor In September
Elon Musk has said that the entry-level Model 3 will cost $35,000. While a BMW Series-3 vehicle can be had for as little as $33,000. That said, if BMW’s entry-level can compete with the Model 3 on features and on specs.
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