Elon Musk didn’t think Energy Storage Publishing was important enough to invite us to his grand Tesla Motors $5B Gigafactory opening last week, even though we were in Nevada! Well **** you Tesla’s PRs!
And who wants to see a plant that’s only about 14% completed at the moment, but will measure 10M square feet when it’s finished (if).
We all know what this is about. Reducing the cost of lithium-ion batteries dramatically. The cost of lithium-ion battery packs is forecast by Bloomberg New Energy Finance to fall to below $200 sometime around 2020, and perhaps to the $100 k/Wh level by 2030.
Elon Musk says the factory will produce 35 gigawatt hours of batteries by 2018. Total capacity of 150 gigawatt hours is forecast. He still claims there will be 0.5million Teslas on the road by 2018.
Musk also claims off that 10,000 employees could be working at the Nevada site within four years.
One undisputable fact: the Shares of Tesla are back over $230 and are up 17% over the June numbers.