Tesla's gigafactory outside Reno. The company chose Nevada over California to build the plant after the Silver State offered a $1.3-billion incentive package.
The maker of the Model 3 sedan said Thursday that while it’s going to continue making new investment as needed in its plant outside Reno, existing equipment may be able to produce far more output than previously estimated. Panasonic said it will study additional investment in collaboration with Tesla, following a Nikkei report that said the two had frozen spending plans.Tesla shares slumped as much as 3.8% shortly after the open of regular trading Thursday, extending their drop this year to 20%.
It’s unclear whether Panasonic’s involvement in the Shanghai plant was ever formalized. Bloomberg News reported last month that Tesla was in talks with top Chinese battery producer Contemporary Amperex Technology Co. Ltd. about supplying cells for the Model 3 cars it will assemble at the new factory.
If Tesla & Panasonic partnered with Deutz, KEYOU & Joi Scientific they would be looking for additional space to create quality jobs.
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