With Tesla’s $5.5 billion “gigafactory” already producing cells for its line of cars and its “Powerwall” home energy storage systems, it now seems like a tenuous, toe-dipping approach with Volkswagen announcing its own battery plans. VW may invest up to $15.5 billion according to Tech News, the outlet projecting the highest number. Others with less money but promising technologies are also betting on better batteries. Tesla Gigafactory Grand Opening – More to Come With only 14 percent of its total area completed, the Tesla Gigafactory on Electric Avenue (what else?) near Sparks, Nevada, is already up and running, producing Tesla’s Powerwall and Powerpack battery systems. According to Teslarati.com, “Elon Musk told investors at the 4th quarter earnings call earlier this month… those products are already profitable and are expected to become more so as volume increases.” Other projections anticipate that the Gigafactory will “be net zero and have no carbon emissions,” “net zero meaning that it will create more electricity …
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