Elon Musk’s former employee is building a European rival to Tesla’s gigafactory

As Bloomberg reported on Friday, it’s all part of Elon Musk’s desire to see Tesla turn a profit by the end of Q3, a promise he made to investors and Wall Street back at the start of this year during Tesla’s final 2015 earnings report.

It doesn’t look like much-a few completed structures amid exposed steel girders-but this building, dubbed the Gigafactory, is the key to Elon Musk’s sweeping plan to remake transportation.

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Elon Musk’s Former Employee Is Building a European Rival to Tesla’s Gigafactory Northvolt now has $62.9 million to start construction. Kristin Houser February 15th 2018

Musk has said Tesla has multiple ways of stoking demand, if it chose to, such as offering leases or boosting marketing efforts. The Model 3s now rolling out of Tesla’s Fremont, California, factory are going to Chinese and European buyers, Tesla says.

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Musk also said Tesla will build a European Gigafactory, which may be announced by the end of the year. Tesla plans to ultimately build between 10 and 12 Gigafactories, according to Musk, which is part of the company’s plan to reduce production costs for its vehicles.

 · Earlier this week, Tesla’s CEO Elon Musk cribbed a bizarre email to employees about a mysterious fire at its factory in Fremont, California. Musk followed up the note with another email to employees identifying an "extensive and damaging sabotage" campaign from within the company.

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It will be the largest lithium-ion battery factory in the world. Tesla aims to build one million cars per year by the later half of this decade. To power all of those cars, the company will produce more battery cells at its plant by 2020 than all of the lithium-ion battery makers combined created in 2013.

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 · ”I’ve needed Tesla as a role model,” Guenther Schuh, e.GO’s founder and the mastermind behind Europe’s best-selling electric van, said inside his factory built on the site a.

Elon Musk has said that Tesla will begin to roll out. Speaking about plans for the Gigafactory – in which Musk plans to build the batteries for the vehicles and which he previously described as.