New drone footage shows how massive Tesla's Gigafactory is (TSLA)

There's a lot riding on Tesla's massive battery plant in Sparks, Nevada.

Tesla's Gigafactory is producing battery cells for the company's line of vehicles, which now includes the newly-released Model 3. Tesla CEO Elon Musk has said the plant will reduce the price of batteries by 30% once its operational, which will help cut costs for its vehicles down the line.

Scroll down for a closer look at Tesla's massive Gigafactory:

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This is the most recent shot of Tesla's Gigafactory, which is surrounded by mountains in Sparks, Nevada. The Gigafactory will stretch 5.5 million square feet.

The Gigafactory is already producing batteries while construction is ongoing and is slated to reach full capacity by 2018.

A lot of work has been done on the Gigafactory since December. At the time, much of the building was exposed and the roof was not complete.

See the rest of the story at Business Insider

Contributer : Tech Insider http://ift.tt/2hBy9IG

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