Tesla outlines scheme for $4-5B battery Gigafactory; announces $1.6B offering
Green Car Congress
FEBRUARY 27, 2014
In its comments, Tesla noted that its goal of producing a mass market electric car in approximately three years provides an opportunity to leverage its projected demand for lithium-ion batteries to reduce their cost faster than previously thought possible. Finalists for the Gigafactory location are Nevada, Arizona, New Mexico and Texas.
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