According to Nikkei.com, Tesla Motors Inc (NASDAQ:TSLA) has signed a deal with Panasonic for the Gigafactory. Panasonic, the industrial manufacturing company, will supply Tesla Motors with machinery to run the Gigafactory. The deal is reportedly worth between $194 and $291 million. The investment in the project may increase to $5 billion with Panasonic’s contribution hitting $1 billion. Tesla is hoping to start building the Gigafactory this year. Tesla Motors wants to double the supply of the world supply of lithium-ion batteries by 2020.
Tesla Motors Inc (NASDAQ:TSLA) is going to temporarily idle production at its factory in Fremont, California. The two week down-time will be used to increase production of the Model S sedan vehicle and to make way for manufacturing of the Model X crossover SUV. Tesla Motors will deliver around 35,000 Model S vehicles this year with a goal of 1,000 per week. The Model X crossover SUVs will be delivered in early 2015. The production at the factory will resume on August 4th.
Tesla Motors Inc (NASDAQ:TSLA) has announced that its new vehicle will be called the Model 3. This will be Tesla’s fourth vehicle after the Roadster, the Model S, and the still-in-production Model X SUV. Tesla Motors CEO Elon Musk participated in an interview with AutoExpress, where he revealed the name. The Model 3 is expected to arrive in 2017.
Tesla Motors Inc (NASDAQ:TSLA) has found a way to help out U.S. military veterans that are facing a hard time finding jobs after returning from deployment. Tesla Motors now has over 6,000 employees and 300 of them are veterans. There are now another 600 veterans planned “in the hiring pipeline.” Veterans are known for being great at building cars because many of them have acquired technical skills during their service and are used to working on teams.
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk has pledged $1 million to help complete the Nikola Tesla Museum, according to Matthew Inman of the web cartoon The Oatmeal. Musk also said that Tesla Motors will build a Supercharger for its electric vehicles in the museum parking lot. Musk is donating to the museum as part of The Oatmeal’s “Let’s Build a Goddamn Tesla Museum” project. The project started out as a crowdfunding campaign to buy back Nikola’s Tesla lab in 2012.
Tesla Motors Inc (NASDAQ:TSLA) has opened its 100th Supercharger in the U.S. It was not officially announced, but Tesla fans are tracking the numbers themselves. The 100th Supercharger will be located in Tifton, Georgia. Tesla Motors started to open Superchargers in the U.S. in September 2012 — 100 Superchargers in under two years? Not bad. The 100th Supercharger worldwide to open took place in Hamilton Township, New Jersey. Now Tesla has 137 Superchargers around the world.
This past week, a stolen Tesla Model S vehicle crashed into a synagogue before it split in half and caught on fire. The driver of the vehicle was traveling very fast and succumbed to injuries from the accident. Joshua Michael Flot, 26, of Inglewood, California died after he was thrown out from the Tesla Model S, according to Ed Winters, a public information officer at the Los Angeles County Coroner’s office.
Tesla Motors Inc (NASDAQ:TSLA) has opened its first Supercharger in France earlier this month. The Supercharger is located in Auxerre. It has two spots with total output of 135 kW. It appears to be one of the temporary mobile units. There is one more charging point (3-phase AC with 2x 22 kWs) next to the Supercharger. Tesla Motors has opened 27 Supercharger stations in Europe as a whole so far.