Random Note On Tesla's Batteries -- December 28, 2019

How good are Tesla's batteries?

• high-end Tesla batteries can be recharged up to 5,000 times and last a million miles.

Another way to look at this:

• 12,000 miles per year
• 300 miles between charges
• 12,000 / 300 = 40 charges per year
• 5,000 charges / 40 charges per year = 125 years.

Forty charges per year, or about one full charge per week. 

I've always said Tesla was a battery company disguised as a car company.

Tesla's gigafactory in China, from two days ago:

Tesla has built a new factory in China and intends to build its electric cars for the Asian market at the new facility. Reuters reported earlier this week that Tesla had secured a 10-billion-yuan loan in China. Tesla's stock has roared to record highs this month, and gained another 1.3% Thursday to close at $430.94.

From wiki:

Tesla Gigafactory 3 is a factory currently under construction in Shanghai, China, by Tesla, Inc.

The facility will produce battery cells along with Tesla Model 3 and Tesla Model Y cars, at an initial production rate target of 250,000 electric cars per year.

The Shanghai regional government approved the agreement to build the production facility in July 2018, and a long-term lease was signed for about 210 acres of land in October 2018.

Construction began in December 2018 with the installation of secure fencing and site offices. The General Assembly Building was nearly complete by August, 2019, and manufacturing line equipment was being installed for both batteries and automobiles.

News reports in August noted production could start as early as November 2019, and CNBC reports that Tesla is expected to manufacture more than 6,000 vehicles at Gigafactory 3 by year-end 2019.

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