Why Tesla Built A $5 Billion Dollar Factory

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Tesla has made a name for itself by upending things. They upended the idea of a sports car with their Lotus Elise derived all electric Roadster. Building on that success, they upended the luxury sedan world with a long range battery electric Model S. As if that wasn’t enough, the Model S proved to be a competent performance sedan, producing hypercar level 0-60 times. Meanwhile, they’ve launched their Powerwall business and bought SolarCity in the hopes of helping move the world towards renewable energy and away from dirtier fossil fuels. Other companies have reached for the goal of a car that runs on electricity, but even ones that run only partially on electricity have run into problems. Fisker was only able to produce its Karma hybrid sports car for a year before a faulty battery supply chain shutdown production. Tesla has no intention of getting caught up in that problem and has teamed up with battery partner Panasonic to invest $5 billion in a massive Gigafactory in Nevada that will produce enough batteries for 500,000 vehicles a year. As one could imagine, a Tesla factory is no ordinary factory. Tesla has managed to rethink every part of factory building, from modular prefabricated design the way the building heats and cools itself. Whether you call it the Gigafactory, Giga 1, or Giga Nevada, the Silver State’s massive battery factory is just the first of many that Tesla plans to build on every continent where EVs or batteries are sold and in the process take the world one step closer to a renewable energy future.

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Imagine pulling up to work in a Toyota 😂

liamnickall

I can't wait to see a "how TheRichest spend their money!!"

kage

why tesla built a 5 billion factory:

to make cars

lijjswag

I pray who ever reads this becomes successful in life

chanthibcth

"A $5 Billion Dollar Factory"
Well, yeah... even if it cost $5B, a dollar factory would still be profitable.

mtnbkr

Add a PowerWall battery to a Tesla.

MegaTesla.

pinochet

Everything about Tesla is crazy! The battery life, the tail lights, the interior etc. Tesla stocks is the best of them all! I have always hoped to invest in Tesla stocks one day but the thought of doing so without enough knowledge of the stocks market makes the whole thing less attractive to me. One cannot afford to lose big sums at this pandemic era.

vargaskenneth

"And Elon looked upon Tesla & it was good..."
And so Elon said, "let the *Factories beget factories"* and it was so.

LemonChecks

This gigafactory is 20 mins from my house. They even have their own bus from town to bus the employees out to the plant. Not really a fan though because its increasing rents all over town, 200-300 a month.

A friend got her finger cut off there (regular occurrence for employees) and was paid out 15k. She still works there.

ohh_manda

I am one of the 99.9% watching this, is hoping one day will come i will be driving the most expensive model of tesla and 99.9% chance of it will not happen😭

supermiles

Giga Nevada "Starting to come online" ??? No. Giga Nevada started a couple of years ago or so. It's been running and expanding. Shows that you are not a Tesla channel by any means.

GOVAUS

hi therichest! i love ur vids and id thought id stop by and say hi

mari

Just happy to know that TESLA will be doing great and make other car companies feel the pain. Car companies like Toyota, Honda, Ford and Chevy have been using cunning tactics and belittling sales tactics. TESLA have one fair price on the different models. Their sales are there to help you with the paperwork. One fair price. No cunning tactics back and forth. I will give TESLA free advertisements and word of mouth recommendations any day!

mersidarannyyin

This is total out of date stories only useful for history. If you want to know about Tesla there are way better channels which are up to date.

edwinhodges

Tesla reinvented the mass manufacturing methodology and including management. No company can rival Tesla, literally 'no company' including all in S&P500.

RichardPeterShon