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frojack writes:
"Tesla stock soared today, up over 17% at one point, on solid earnings reports, and also due to achieving the highest recommendation of all cars from Consumer Reports (Note, not linking direct to paywalled CR site). In addition, Tesla Motors Inc. is expected to make a big announcement regarding its 'gigafactory' battery plant this week. Tesla is rumored to be partnering with Japan's Panasonic Corp. or South Korea's Samsung Electronics Co. Ltd. The location of the factory is also yet to be determined, although analysts have bet on New Mexico or Arizona. One thing is sure: 'Tesla hopes to reinvent battery production like it already did to other parts of the auto supply chain,' one Wall Street analyst said.
Within the next few weeks, CEO Elon Musk will go to China to deliver the country's first Model S according to CNBC."
(Score: 4, Interesting) by Phoenix666 on Thursday February 27 2014, @09:35PM
One of the perennial charges levied against electric cars by advocates of the ICE industry is the inadequacy of battery technology. This factory, and the economies of scale that come with it, rather undermine that. Setting aside all the posturing, won't it be nice to have your car recharge at your house overnight without doing anything special? I live in the city, but imagine living in the suburbs without ever having to visit another gas station or be left vulnerable to a Hurricane Sandy-style supply disruption again quite attractive. The prospect of my dollars not going to Saudi Arabia to fund wahabist madrassas to train terrorists to kill me & mine is a bonus.
Washington DC delenda est.
(Score: 1) by timbim on Friday February 28 2014, @07:14AM
Unless the power goes out, then you're fucked.