Tesla’s massive battery facility outside Reno, Nevada has grown five-fold in the last two years, from 1.1 million square feet by the end of 2016 to the current 5.4 million square feet, but Tesla’s most substantial moat is still barely scratching its potential surface.
According to Reno
One acre is 43,560 square feet. Tesla owns 3,000 acres in Storey County, Nevada
If you are thinking about whether or not Tesla has enough land to expand Gigafactory, let me tell you this: Tesla has so much land in
Storey County that they can build another ten Gigafactories if they want to.
Gigfactory 1, located in Storey County, Nevada sits on a 3,000-acre lot. The footprint of the current building stands at 5.4 million square feet, the equivalent of 124 acres.
The original site was only 1000 acres, but in June 2015 Tesla exercised its option to buy 1,864 acres of adjacent land, giving them more than enough land for future expansion.
Gigafactory Projections: The Original Plan
2020 Tesla Vehicle Volume: ≈500,000/yr
2020 Gigafactory Cell Output: 35 GWh/yr
2020 Gigafactory Pack Output:50 GWh/yr
Space Requirement:Up to 10M square feet with 1 or 2 levels
Total Land Area (acres): 500-1000
But the projections took a
What’s Gigafactory’s current output?
“In mid-2018, battery production at Gigafactory 1 reached an annualized rate of roughly 20 GWh“. CFO Deepak Ahuja told analysts during the third quarter 2018 earnings call that Gigfactory output is around 20 GWh and Model S and X may add another 4 or 5 Gwh.
He said, “For Q3,
The Immediate Plan
In the third quarter of 2018, Tesla built 80,142 Model S, 3 and X, an average of 6,164 units per week
Tesla wants to build 7,000 to 10,000 Model 3s in Fremont and if we add another 2,000 Model S and X, then the company is looking at a max production rate of 12,000 units per week.
Tesla has to double its current production capacity at Gigafactory to reach that level. The more batteries the company builds, the better its cost advantage will be.
“Certainly incremental improvements to the battery pack range are important, but the thing that is
during Baron investors conference in 2015.
To be continued…………….
Stay tuned for: The Future Plan.