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July 28, 2016 01:17 am GMT

Elon Musk takes press inside the Gigafactory for the first time

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Tesla let the press into its giant new battery-producing plant, called the Gigafactory, for the first time Friday. 

Experts told Wired the factory will be necessary to power Musk's dream fleet of EVs and hybrids (the company's goal is 500,000 cars a year). Currently, Tesla's battery production is outsourced to Asia, a costly and slower option. The new domestic factory, however, is expected to cut costs by 30 percent and is a one-hour plane ride away from the company's headquarters in Palo Alto, California. The 3,200-acre plant is located in Reno, Nevada.

Musk also told the BBC he wants to see more of these soon, "in Europe, in India, in China ... ultimately, wherever there is a huge amount of demand for the end product." Read more...

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Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/B527T3nvl8E/

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