Elon Musk seems to be achieving the impossible.
We live in an age where being a millionaire is not considered a rare feat. The glory of being a millionaire has been taken by the bigger fishes in the sea - the billionaires. But the bigger you get, the harder you have to work to stay there. And the best ones seem to be doing that pretty well.
Elon Reeve Musk, the American business tycoon, investor, and the engineer is admired by millions. He is a man who keeps his money where his mouth is. He optimises his money to grow his company for greater causes. He is the man who can take humanity to Mars and believe me he will do it.
One of the amazing initiatives of Musk is the Gigafactory, which is one of its kind in the world. It is a factory but it is no less than an invention. It will shock you when you will come to know all about it.
The Gigafactory, a giant battery plant, is located in Storey County, Nevada on 3,000 acres. Its original size was 1,000 acres but the company purchased an additional 1,864 acres of adjacent land. It will enable the company to expand the size of its factory by 50 or 100 times according to Musk. The name Gigafactory comes from the word Giga, the unit of measurement representing 'billions'. The construction began in 2014.
Currently, the factory building is 71 feet high and it stretches to more than 5.5 million square feet or equivalent to 126 acres. Its land can accommodate 95 football fields. According to Musk, it is so big that he gets blown away every time he visits the site.
Once complete, Tesla expects the Gigafactory to be one of the biggest buildings in the world. It will be totally powered by renewable energy sources. It will only be slightly smaller than Boeing's Everett, Washington plant, which is the world's largest building by volume.
The factory has four structures which are built on four different foundations so that they can withstand earthquakes. According to sources, Tesla spent an estimated $16 million on the foundation alone.
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The factory will help to dramatically cut the cost of its batteries through innovative manufacturing, reduction of waste and simple method of locating most manufacturing process under one roof. By 2020, the factory will help to reduce its battery prices by about 30%.
Tesla hasn't revealed the ways in which it will use the "extreme economies of scale" but Musk said, "We will bring in trains that will come out as batteries." He didn't go into detail about the plan.
The factory will have a state-of-art recycling system and it will provide recycling capacity for old battery packs. Everything will be recycled!
The company will create all the energy it will need. Solar panels will line the roof of the factory and some additional panels will be placed on the surrounding hilltops to capture more solar energy. The factory will also use geothermal and wind power to meet energy demands.
Tesla is the biggest consumer of lithium ion on the planet. In consumption, it has surpassed device manufacturers like Apple and Samsung. Now, it will also become the biggest producer of lithium-ion batteries. Tesla aims to build 500,000 cars per year by the end of this decade. Musk thinks that the number could reach millions. To power all those cars, the factory will produce more battery cells at its plant by 2020.
Tesla along with its partners will invest a total of $5 billion in the factory by 2020. Of them, Tesla will invest about $2 billion in the Gigafactory.
The factory will have 6,500 employees by the time it will be completed in 2020. It has already started hiring people for some positions at the facility including technicians and people who work in human resources department.
Just like Tesla's vehicles, a lot of attention is given to the design of the factory. Musk said,"We are taking care to make sure that it looks good, that it fits in with the surroundings. It's a factory, but we care about the aesthetics. It will be shaped like a diamond because of the practical reasons as well."