Tesla's Gigafactory in Las Vegas is a crucial part of the company's ambitious plan to manufacture more than 500,000 cars annually by 2018. Though Tesla's initial goal was to reach the 500,000 milestone by 2020, the company earlier this year decided to put even more pressure upon itself by accelerating its production goal a full two years ahead of time. As for how the Gigafactory fits into this equation, well, it's really quite simple. To manufacture cars at the scale Tesla envisions, the company needs an insane amount of batteries. Indeed, Tesla's Gigafactory will ultimately double the current level of lithium-ion battery production across the world.
Trending right now: