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Elon Musk: Tesla Gigafactory location announcement coming late 2014

Tesla's Gigafactory is going to be a huge deal. So huge, in fact, that Tesla's not going to announce where it will be located until later this year. You may remember that, just a month ago, Tesla CEO Elon Musk said that, "The No. 1 thing is we want to minimize the risk timing for the Gigafactory to get up and running." Well, apparently getting the timing right doesn't mean rushing to get things done before they're ready. 30 percent cost decrease is "probably conservative at this point" – Elon Musk The reason Tesla needs the Gigafactory, as you may remember, is to supply packs for the company's Gen 3 car, the EV that is supposed to cost $35,000 and be able to go over 200 miles on a charge. To get down to that price point, the batteries need to be cheaper, and Musk has said that the Gigafactory should reduce the per-kWh cost of a pack by "more than 30 percent." Speaking at the annual shareholder conference this week, Musk confirmed that planning for the battery plant is "quite advanced" and that Tesla is meeting daily with Panasonic, the other partner in the deal. Panasonic was originally unsure that those kinds of cost reductions could be achieved, Musk said, "but I think they are now convinced they can." In fact, he said 30 percent is "probably conservative at this point." The Gigafactory should be up and running by the "late 2016 timeframe," Musk said, right around the time the Gen 3 car will be ready for volume production. While there will still only be one Tesla Gigafactory to begin with, Musk said that Tesla might start the process in two or three states (as opposed to just one or two, as hinted earlier). "We're probably going to do two or maybe three states all the way to creating a foundation and completing the plans and getting approvals and everything," he said. Sounds like someone wants to be ready to build gigafactories #2 and #3 in a hurry if need be. We've got more from the meeting, including videos of Musk's talk, here and here. You can read Tesla's original Gigafactory proposal here (PDF).

Hack a Tesla, win $10,000

In the world of computers, competitions that challenge so-called "white hat" hackers are fairly common. Break into this system in X minutes and we'll give you Y dollars. Rarely, though, does this world cross over with the realm of automobiles.
At the 2014 SyScan Conference, which runs from July 16 to 17 in Beijing, hackers have the chance to win $10,000, provided they can break into the systems of a Tesla Model S. According to BidnessETC, in order to win, a successful hack will need to remotely access the 17-inch touchscreen display (shown above) that dominates the Model S cabin in order to surf the Internet and access the vehicle's controls.
While we're not computer experts, it seems like a tall order. The Model S may maintain a constant data signal via its driver's cellphone, but it seems unlikely that Tesla hasn't installed a comprehensive security system to prevent electronic tampering. Tesla, for what it's worth, has no part in the competition.

Getting ready for the Tesla D tonight means reading some tea leaves

Today is D-day. We will know all of the details about the Tesla D and the mysterious "one other thing" – well, all the details that Tesla is willing to give – later tonight, but for now we're going to try and piece the story together based on whatever rumors and hints we can find. We've already speculated that the D stands for an all-wheel drive version of the Model S, which is an update that CEO Elon Musk has long talked about. But what else could be announced tonight, since the 'one other thing' apparently won't be the reveal of the production Model X? Could it be the first prototype of the Model 3? That's one rumor. Vanity Fair got to ask Musk directly, since the magazine invited him to its New Establishment Summit. While Musk didn't exactly spill the beans, he did give us a little something to chew on. "One of the things is already there, and people just don't realize it," he said (see video below). When pressed for more details, all Musk said was: "The Internet is very good at guessing these things. [They're] directionally connect, but the magnitude is not appreciated yet." Could he be talking about better driver assistance features? Some sources say that's exactly what he's hinting at, with the D standing for Driver or something else that means autopilot. There's also an unconfirmed report out there that the AWD Model S, which might be called the P85D, will be noticeably quicker – with a 0-60 time of under three seconds, compared to 4.2 for the current quickest model – but this sort of thing has been suggested and then denied before. So, any other guesses? This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.