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February 22, 2014

Tesla's future rides on a massive battery plant - February 22, 2014

Tesla’s future rides on a massive battery plant

So far the story of Tesla Motors has been about exciting electric luxury cars and an even higher performing stock.

Next week it will reveal plans for a much less sexy innovation that is more important to the company’s future than either of those things: A huge new lithium battery factory dubbed the “Gigafactory” by Tesla founder Elon Musk. The plant is the key Tesla needs in order to produce an “affordable” long-range electric car in substantial enough numbers to join the ranks of the major automakers.

Read the full article here: CNNMoney - Tesla’s Future Rides on a Massive Battery Plant

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