gigafactory

Tesla Motors’ stock jumps as they announce patent sharing philosophy

Tesla Motors, an American car company that designs, manufactures, and sells electric vehicles, recently saw an increase in their stock price due to an announcement made by Tesla’s CEO Elon Musk about their philosophy of patent sharing. Tesla Motors’ stock rose Monday morning after last week’s announcement of their new open source philosophy to their patents. Tesla’s stock … Read more

Arizona listed as a finalist for Elon Musk's $5B Tesla Gigafactory

Yesterday Tesla Motors, the maker of the high-end electric vehicle, released plans about their “Gigafactory” where they intend to build advanced electric batteries for their next generations of cars. In the Tesla blog post, “The Gigafactory is designed to reduce cell costs…by 30 percent…and, by 2020, produce more lithium ion batteries annually than were produced … Read more