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by Animats
2522 days ago
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Building production plants is folded into GAAP numbers. Those are real assets with real depreciation. Actual production at Tesla's battery "gigafactory" is only around 23GWh/yr.[1] That puts them well behind BYD and Contemporary Amperex Technology. About five other companies have battery factories in the 10-100GWh/yr range under construction or operating. [1] https://electrek.co/2019/04/14/tesla-gigafactory-1-battery-c... |
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It has already increased to 28 GWh per the latest earning call, and it is still growing. Panasonic said they already installed the equipment for 35 GWh of production and will invest further as soon as they're able to reach that rate.