Update From the Gigafactory: Tesla's Ambitious Plans

The transcript discusses Tesla's Gigafactory, a crucial component for the company's future, especially for producing the affordable Model 3. The Gigafactory aims to reduce battery costs by over 30% by bringing production in-house. A reporter shares their visit to the facility, highlighting its massive scale and the use of Tesla's autopilot technology. The factory is only partially complete, with plans for modular expansion. Tesla's financial needs are significant, with potential capital raises discussed. The company aims to ramp up production significantly, despite delivering only 50,568 cars last year. Unique features of the Gigafactory include conference rooms named after metals.

What is the primary purpose of Tesla's Gigafactory?

• To manufacture electric cars

• To develop autopilot technology

• To create solar panels

• To produce batteries in-house

What unique feature did the reporter experience while traveling to the Gigafactory?

• A helicopter tour of the facility

• A test drive of the Model 3

• A guided tour by Elon Musk

• A ride in a Tesla Model S with autopilot

How is the Gigafactory being constructed to allow early production?

• With temporary structures

• Using prefabricated materials

• In a modular fashion

• In a single large building

What is the ambitious production target Tesla aims to achieve by 2018?

• 1,000,000 cars

• 100,000 cars

• 500,000 cars

• 250,000 cars

What could happen if Tesla fails to deliver the Model 3 at the promised price?

• Increased production costs

• Cancelled reservations

• More job listings

• Higher stock prices