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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).

VW Q3 Financial Woes, 2015 Tokyo Motor Show | Autoblog Minute

Consumer Reports pulls its Tesla recommendation, the U.S. Copyright Office offers a ruling affecting car owners, VW gets hit hard with third quarter losses, and lots of exciting news from Tokyo. Autoblog's Senior editor Greg Migliore reports on this Autoblog Minute Weekly Recap. Tokyo Motor Show Mazda Subaru Suzuki Tesla Toyota Concept Cars Autoblog Minute Videos Original Video Tokyo 2015

Kia EV6, Nissan Frontier, Range Rover and VW Taos | Autoblog Podcast #738

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined byYahoo Finance Senior Reporter Pras Subramanian. First, they discuss the cars they've been driving, including the Kia EV6, Nissan Frontier, Land Rover Range Rover and Volkswagen Taos. Then they discuss the state of certain brands like Bentley, Ferrari and Polestar. They also talk about the most recent quarterly sales updates, including what's going on with Tesla in China. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #738 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: 2022 Kia EV6 2022 Nissan Frontier 2022 Land Rover Range Rover 2022 Volkswagen Taos The state of Bentley, Ferrari and Polestar Q2 sales trends Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: 2022 Kia EV6 walkaround at the 2021 Chicago Auto Show