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Tesla Gigafactory will be capable of supplying packs for 500,000 EVs a year

We made our gigafactory predictions the other day and, it turns out, we were pretty much on target. Today, Tesla Motors released the first official details on its upcoming massive battery plant and we see sun and wind power feeding energy into a plant that will employ around 6,500 people and make enough packs for around a half-million Tesla EVs a year. You read that right. Tesla is getting ready to produce 500,000 EVs a year, and that's already in 2020. Tesla hopes to start selling a lower-cost EV, the Model E, in about three years. The finalists for where the Gigafactory will be built include the Southwestern states of Nevada, Arizona, New Mexico and Texas (our money is on Nevada). We were a little low on the estimated battery output. Instead of being able to make 30 Gigawatt-hours of batteries per year, Tesla is saying that it will have enough capacity to produce 35 GWh of cells and 50 GWh of packs a year. We think that's for both EVs and stationary applications and have reached out to Tesla for confirmation on this point. You can see the details for yourself here and in our gallery below. Through 2020, Tesla will directly invest around $2 billion in the plant and its partners will pony up another $2-3 billion for a total cost of $4-5 billion. That's a lot of cash, but Tesla says that it will make buying an EV much, much cheaper. The company is saying that, once the plant is up and running for the first year, the per-kWh cost of a Tesla battery pack will be lowered by "more than 30 percent." Maybe that Model E isn't such a pipe dream after all. Also today, Tesla announced a new convertible notes offering worth $1.6 billion. Details are available in the press release below. Tesla Announces $1.6 Billion Convertible Notes Offering Wednesday, February 26, 2014 PALO ALTO, Calif., February 26, 2014 – Tesla announced today an offering of $1.6 billion aggregate principal amount of convertible senior notes in an underwritten registered public offering. Of the total offering, Tesla will offer $800 million aggregate principal amount of convertible senior notes due 2019 and $800 million aggregate principal amount of convertible senior notes due 2021.

Recharge Wrap-up: Tesla tour recounted, Smart using Renault electric motors

A man recounts his recent Tesla factory tour in a new video. When Michael Brown toured Tesla's Fremont facility on September 10, he learned a bit about the production process, saw the enormous stamping equipment Toyota left behind, and even caught a glimpse of the finished Model X SUV. Brown was told very few people in the factory had seen the production version of the Model X. Check out the video above, and read more Teslarati. Johnson Controls is expanding production capacity for Absorbent Glass Mat batteries for fuel-saving stop-start systems. With the market for stop-start batteries possibly growing from 22 million to 56 million by 2020, Johnson is investing $555 million from 2011 to 2020 to be able to build more batteries in the US, Germany and, China. The company is planning to build a $200-million battery plant in Shenyang, China capable of producing 6 million batteries per year. "Johnson Controls is currently the world's leading provider of batteries for Start-Stop vehicles and we plan to stay that way," says Johnson's Lisa Bahash. Read more at Green Car Congress. Renault will provide electric motors for the new Smart ED. The electric versions of the Smart Fourtwo and Forfour will use the same motor as Renault's Zoe EV. The batteries for the Smart cars will be manufactured by Daimler's own Deutsche ACCUmotive. The Renault-powered Smart Fortwo and Forfour Electric Drive are slated to go on sale in 2016. Renault and Daimler have had a working alliance responsible for 13 projects since 2010. Read more from Automotive News Europe. Related Gallery Tesla Factory News Source: Teslarati, YouTube: Michael Brown, Green Car Congress, Automotive News Europe Green Plants/Manufacturing smart Tesla Renault Electric Hybrid Videos recharge wrapup

Is Tesla's next project an F-150 competitor? [w/poll]

What's the future look like for Tesla after it launches the Model X CUV and possibly a smaller, sub-Model S sedan? Would you believe a pickup truck? Yes, Tesla could be looking to use its EV know-how to take the fight to Ford and the F-150, based on comments made by company founder Elon Musk.
"If you're trying to replace the most gasoline miles driven, you have to look at what people are buying," Musk said during an impromptu Q&A session following a speech at Business Insider's Ignition conference. "[The F-150 is] the best selling car in America. If people are voting that's their car, then that's the car we have to deliver."
And while the idea of electric pickup may sound kind of absurd to some, Musk makes a very valid point - if Tesla's goal is to replace gas miles with electrical miles, it simply can't afford to ignore pickups.