Tuesday, February 25, 2014

Tesla Motors Inc. is expected to make a big announcement regarding it's Gigafactory battery plant later 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.  

Wall Street is likely overestimating the amount of money Tesla would need to build the factory. Estimates have hovered at between $7 billion to $10 billion, but the amount could be as low as $5 billion.  Tesla sours premarket to an all time high into the $230's.  Here is more on Tesla and the Gigafactory.