Tesla plans to build at least 3 new Gigafactories

Do you want the good news, or the bad news? Tesla’s day really depends on how you frame it. After a less-than-stellar Q4 saw Tesla miss earnings by a wide margin, we still have reason for optimism. The disappointing earnings report took a turn for the better when Tesla representatives announced they were looking to build as many as five Gigafactories over the next few years. The first, Gigafactory 1 in Sparks, Nevada, is set to hit full capacity at some point next year. Once at full capacity, Musk’s 13 million square foot facility, would split production between Tesla Energy storage products,…

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