Tesla & Panasonic battery cell factory profitable
Tesla and Panasonic’s Gigafactory 1 in Nevada was profitable in Q1/2020, the CFO of Panasonic stated in the announcement of the current business figures. The plant, which the partners had begun building in 2014, was in the black for the second consecutive quarter.
Further rumours of Tesla’s own battery production
After the Annual General Meeting in mid-June, there were rumours that Tesla is going to manufacture its own battery cells using the technology acquired through the takeover of Maxwell. Now insiders are describing the existence of some kind of secret battery laboratory.