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Although the news broke earlier this week, we now have official confirmation from both Panasonic and Tesla that the two corporations are joining efforts to build a new large-scale battery production center. While quite detailed, the distilled version has Tesla looking after everything involved with the physical building and maintenance, while Panasonic supplies bits inside […]

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Still working toward indisputably increased earnings while growing the business, Tesla reported a record 7,579 sales and net income of $16 million by non-GAAP accounting last quarter, while losing $62 million according to customary accounting. The discrepancy comes from Tesla’s practice of reporting by non-generally accepted accounting principles (GAAP). These leave out financials affected by […]

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Japanese electronics giant Panasonic has reached an agreement with Tesla Motors to provide machinery for the car maker’s planned battery plant. According to the Nikkei, the initial investment is said to be between 20- to 30 billion yen, or roughly between $200- to $300 million, although the exact details will be made official before the […]

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Born and based in California, Tesla did not name the state in February as a contender for its “gigafactory,” but California politicians are scrambling to make it happen, and Tesla is thinking about it. Speculators wondered whether California was really fully ruled out, but Tesla has said better places to put its 10-million-square foot battery […]

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Yesterday Bloomberg reported Tesla Motors will break ground for at least two sites it’s now considering, and is “getting close“ to announcing these sites. “What we’re going to do is move forward with more than one state, at least two, all the way to breaking ground, just in case there’s last-minute issues,” said CEO Elon […]

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Tesla’s gigafactory has echoes in the political spheres, but is also creating waves in the battery manufacturing and the mining industries. American Manganese Inc., a company mining in Arizona raw materials needed for EV batteries, added its views by stating where they would like to see raw materials sourced. According to the mining company, Tesla’s […]

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