Tesla are building out a battery production facility at Fremont. This seems odd, given Giga Nevada has always produced batts for Tesla cars. Tesla purchased the Kato Road facility, across the street from Fremont, to specifically produce batts. Odd then, they are moving battery production equipment into Fremont in a minor expansion. I will wildly speculate they have reduced the GA footprint sufficiently with production optimization and product simplification to co-locate battery production adjacent to general assembly. Does this mean Giga Nevada will be getting some general assembly, as well?
Tesla reported 23.3B of profit for the last 12 month period. They also reported non-GAAP margins but I don't relay works of fiction.
Here is something I find confounding. I'm watching some video of the Shanghai CATL factory build in Shanghai. It is progressing, albeit slowly. It's probably moving forward at a normal, non-Tesla, pace. Why wouldn't CATL and China sprinkle some magic powder on this project. The CATL coalescent battery is said to be a world beater. The world is more desperate for batteries than they are for Model Y cars. Why did Tesla get priority but CATL not?
