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They have already spent $4.5B which are creating all of the batteries for the model 3. They are pausing spending of an additional $100-150M until Tesla needs t
by chisleu 8y ago
They have already spent $4.5B which are creating all of the batteries for the model 3.
They are pausing spending of an additional $100-150M until Tesla needs the additional capacity. They don't yet need it.
What a terrible title...
- cjhopman 8y agoYou either misinterpreted the article or pulled numbers out of your ass as they are almost 10x off of what the article states. "It was reportedly considering putting an additional 100 billion yen to 150 billion yen ($900 million to $1.35 billion) into the Gigafactory."
- chisleu 8y ago"reportedly" That wasn't the actual investment up for consideration, and it's not needed yet because Model 3's production is satisfied, hence Tesla is offering longer range versions of the model 3 without the extra motor/AWD.