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Tesla Reveals Details On Plans For New ‘Giga Factory’

High Gear Media Network Feed

Tesla has reworked the ex-GM/Toyota NUMMI plant in Freemont, California into a high-tech electric car factory, but it may soon outgrow the place. The company--which has built about 30,000 Model S sedans so far--has previously hinted at a larger plant that would coincide with plans to ramp up production.

Tesla Motors [NSDQ:TSLA] CEO Elon Musk elaborated on these plans in a recent shareholder letter. He described a "Giga Factory" that would build battery packs for a future mass-market electric car. Tesla currently buys individual battery cells from Panasonic, but under the new scheme it would start with raw materials and finish with complete packs.