Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

Must Read

Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

Yesterday marks another milestone in the EV industry, as the world’s largest factory, Texas Gigafactory was unveiled in Austin by the American tech giant, Tesla. The event tag Cyber Rodeo featured over 15,000 participants around the world.

The new Tesla’s Texas Gigafactory is designated to mark the beginning of production of Tesla’s new Model Y, Model 3, Tesla Semi, and iconic Cybertruck, and produce up to 500,000 electric vehicles annually.

Also Read

At the beginning of the event, Tesla CEO, Elon Musk introduced the company’s three key technologies of the new factory, namely 4680 battery, CTC technology, and integrated die-casting technology.

The 4680 battery is the world’s highest EV battery capacity and more new models are expected to be produced in the factory.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

With this, Tesla will be able to increase production efficiency by implementing these technologies. Model Y’s production capacity has surpassed 50% of the total capacity of 10,000 units per year and vehicle costs can be greatly lowered.

In addition to Model Y production, Musk stated that the factory will produce the 100% electric pickup Cybertruck next year. This plant will also produce the Tesla electric truck Semi and the second-generation electric supercar Roadster.

The Model Y is the first car produced by the Gigafactory. According to Musk, the car’s glass could withstand bullets, and an iron ball was used for trials on the spot, but the car’s glass fractured on the spot following the contact, which was embarrassing. While Cybertruck will be the next factory vehicle. The Cybertruck, according to Musk, always looks like CG in real life, but it’s actually real.

With the Gigafactory, Tesla has built four super factories around the world, plus six factories in Central America and Europe, and one factory each in New York and Nevada. The new Gigafactory can build structured packs that incorporate the cells directly into the vehicle frame, a technology known as CTC, as an advantage over others.

Likewise, the electric car giant also plans to hire 5,000 individuals with a starting pay of $35,000, plus employment opportunities in partnership with educational institutions in the area.

In the past two years, Tesla has not produced new cars but has been expanding its production capacity, with two years of unremitting efforts. However, with all of these factories, the firm can produce more than 2 million automobiles per year, and subsequently hit the sales target of 20 million vehicles in 2030 meeting Elon Musk’s satisfaction.

Save up to 60% on OptinMonster

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -