Tesla wants to build a factory that can manufacture electric batteries on a large scale. The electric car manufacturer is going to built a 5 billion dollar manufacturing plant in the state of Nevada. The plant is going to manufacture batteries for new more affordable electric vehicles.
Currently Tesla only manufactures the expensive Model S, which comes with a tag price starting at 70.000 euro’s. While it is an expensive electric car, it is probably one of the best sold full electric vehicles on the market.
Tesla is aiming to introduce a mid-range electric vehicle by 2017, the Model 3, fora bout halve the price of the Model S. The company has high expectations for the new electric vehicle and thus needs a new plant to manufacture batteries on a larger scale.