The designs are finished, and the massive—even 'romantic'—Gigafactory is spinning into motion.
1. Battery prices are falling to $100 per kilowatt hour
2. Battery costs are falling for three reasons
3. The Gigafactory has already cut the fossil-fuel lines for Tesla
4. Tesla wants to be a power plant
5. Musk plans to spend and make a lot more money
Last week Musk released a sort of 10-year mission statement for Tesla, which he dubbed "The Master Plan, Part Deux." On Tuesday, he said the plan will cost tens of billions of dollars to implement.
However, he immediately clarified that the money would be spent over many years and that, in the meantime, Model 3 sales will more than make up for it. Musk said the Model 3 may bring in revenue of $20 billion a year (which works out to 500,000 cars at $40,000 a piece), with a 25 percent profit margin. He conceded that a "modest" capital raise might yet be necessary.