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Very shortly, we will be ready to share more information about the Tesla Gigafactory.
This will allow us to achieve a major reduction in the cost of our battery packs and accelerate the pace of battery innovation.
Working in partnership with our suppliers, we plan to integrate precursor material, cell, module and pack production into one facility. With this facility, we feel highly confident of being able to create a compelling and affordable electric car in approximately three years.
This will also allow us to address the solar power industry’s need for a massive volume of stationary battery packs."