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Then there are the additional costs of designing and building battery packs, as well as the electronics and software to monitor battery performance and ensure it operates optimally.
For its first few years, Atieva worked quietly to perfect batteries and drivetrains, filing more than 100 patents and building battery packs for electric buses in China, yet generated barely any revenue and stood little chance of a stock market flotation.
Firms, such as Better Place, have started building battery "switching stations" that allow drivers to pull in and swap their batteries as easily as filling up with gas, whilst countless researchers are developing more efficient batteries.
It's doing more with its energy division post-acquistion, including building battery storage systems to support a number of different renewable power generation facilities around the world.
So far the Gigafactory has been focused on building battery tech, but Tesla will also use it to produce motors and other parts for the Model 3, according to Nevada's governor.
Starting today, cells made in the Gigafactory will be used in production Powerwall 2 and Powerpack 2 unit, and the aim is to start building battery cells destined for Model 3 cars starting in the second quarter of 2017.
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The little town of Lancaster". The city scored its first victory this year by persuading Chinese automaker Build Your Dreams to open an electric bus factory and a plant for building batteries.
Focus is on studying consumer devices; projects include building batteries, energy conversion devices and semiconductors from pocket change.
The G.M. jobs are part of a growing list of investments in the state by companies building batteries and other parts integral to electric cars, said Gov. Jennifer Granholm.
"This will be building batteries in 12 months," said Mr. Straubel, Tesla's chief technology officer and a co-founder of the company with Mr. Musk.
What we're doing is building batteries in a very different way, such that we're able to generate very interesting properties.
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