The Future Is Here: Tesla Plans Additional Gigafactories

World (Corporate Knights) – American automaker Tesla is making plans for an additional two or three more factories in the years ahead. “Later this year we expect to finalize locations for Gigafactories 3, 4 and possibly 5,” CEO Elon Musk and CFO Jason Wheeler explained in a February note to investors. The new facilities are likely to be geared towards supporting Tesla’s highly anticipated Model 3 electric car, scheduled to begin production in July. Gigafactory 1 is currently under construction outside of Reno, Nevada, although it is being constructed in phases that have allowed portions of the factory to already Read More

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