Interesting comments below from CEO of Tesla Elon Musk..The...

Interesting comments below from CEO of Tesla Elon Musk..

The Tesla “Giga” Lithium Battery Factory
The Tesla CEO was asked about the recently announced battery deal with Panasonic that would see nearly 2 billion cells shipped to Tesla between 2014 and 2017, and what that meant for production on the Model S and future cars.

While Mr. Musk noted that Panasonic was their primary partner, the 3rd generation car from Tesla (known unofficially as the Model E) was going to need a lot more than that deal, and Tesla was working on a plan to augment that capacity.

“Panasonic is also our primary partner, but when it comes to the high volume 3rd generation vehicle it’s clear that there is going to need to be incremental production capacity created at this existing location today, so we are in the process of figuring that out. There is going to need to be some kind of giga-factory built.”