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Competition heats up for Tesla’s gigafactory

Tesla Motors’ plan to build a massive battery manufacturing plant — its “Gigafactory” — has set off fierce competition for the country’s biggest economic development prize in years. As the five states under consideration, including California, intensify efforts to land the factory and its 6,500 jobs, speculation about who holds the lead is rampant and changes by the day.

 

Tesla Motors, Inc.’s Demand Is Growing Faster Than Production

Tesla’s (NASDAQ: TSLA ) Model S has been an enormous success. Not only has the all-electric luxury sedan been outselling all comparably priced cars in North America in 2013, but Tesla is expecting sales to increase by more than 50% this year. Most surprising of all, however, is that Tesla is achieving this without spending any money on advertising. How long can this trend continue?

 

Electric Cars: The Next Smartphone?

What if a clever business model could lower the retail price of a Tesla compact sedan to less than $20,000, or make an extended range option like BMW’s i3 attainable for under $30,000? Could such pricing make electric vehicle adoption a no-brainer for a larger group of drivers? The business model that helped make the smartphone widely indispensable may offer a clue.

Students Build an Electric Car With Better Range Than a Tesla

Tesla has a new competitor, and it’s not from BMW or General Motors. It’s from Australian university students, whose electric Sunswift eVe set a new world record for fastest average speed—more than 60mph—over 500 kilometers (310 miles) on a single battery charge, on July 23. That’s a big deal: Range is the biggest issue holding back the widespread adoption of EVs, and this record shows the car can drive hundreds of miles at a reasonable highway speed. It stomped on the old record, a mere 45 mph, and drove farther than even the Tesla Model S, the current king of EVs, can go on a full charge.

What’s Behind Tesla’s Demand For $500 Million In Gigafactory Incentives

Tesla Motors has been playing a game of economic development poker for its $5 billion Gigafactory with five states — Arizona, California, Nevada, New Mexico and Texas. Last week, Tesla’s billionaire CEO Elon Musk revealed the bid he expects from the winning state. Musk, speaking on a conference call with analysts, said the place that gets the Gigafactory will need to put up 10 percent of the total cost, meaning $500 million.

How Can Tesla Motors Inc Create A Self-Driving Vehicle?

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CEO Elon Musk stated at the annual shareholder meeting last month that he was confident that Tesla would be able to roll out vehicles that could take the user from the highway entrance to the highway exit without touching any controls.