Sunday, April 20, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Tesla plans new battery factory; will employ 6,500

By
From page B5 | February 27, 2014 | 2 Comments

PALO ALTO — Electric car maker Tesla Motors said Wednesday it’s considering sites in Nevada, Arizona, New Mexico and Texas for a massive battery factory that would employ around 6,500 people.

The company didn’t immediately name the locations it’s considering in those states. Tesla plans to start construction this year and complete the factory — which it dubs its “Gigafactory” — in 2017.

Tesla’s share rose nearly 3 percent to $259.90 in after-hours trading.

The factory would supply lithium-ion batteries to Tesla’s Fremont, Calif., assembly plant.

Palo Alto-based Tesla says it will invest $2 billion in the 10 million square foot factory, which will cost between $4 billion and $5 billion. Its partners will invest the rest. The company didn’t identify those partners Wednesday, but its current battery supplier, Japan’s Panasonic Corp., is expected to be among the investors.

Panasonic signed a deal last fall to supply Tesla with 2 billion battery cells over the next four years. But Tesla has fretted that current battery supplies won’t meet its future demands.

The new factory will provide enough batteries to supply 500,000 vehicles by 2020, Tesla said. Tesla expects to produce 35,000 vehicles this year.

Tesla currently sells just one vehicle, the Model S sedan, which starts around $70,000. But it plans to begin making a crossover, the Model X, later this year, and wants to bring a lower cost, mass market vehicle to market in 2017. Tesla said the factory would help lower its battery costs by around 30 percent.

Tesla also announced Wednesday it plans to raise $1.6 billion in a debt offering. The proceeds would help finance the new factory and the lower cost vehicle.

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | 2 comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

Bay Area makes growth plans

By Barry Eberling | From Page: A1, 1 Comment

 
Supervisor candidates vary on Plan Bay Area

By Barry Eberling | From Page: A1, 14 Comments | Gallery

Earth Day means cleanup Day for Suisun City

By Susan Hiland | From Page: A1, 5 Comments | Gallery

 
Hop to it: Couple lights up home, yard for Easter

By Amy Maginnis-Honey | From Page: C1

Ranking the best Bay Area athletes

By Brad Stanhope | From Page: A2

 
The Edge hosts Easter egg hunt

By Adrienne Harris | From Page: A3

Alooma Temple keeps children in mind

By Adrienne Harris | From Page: A3 | Gallery

 
Fairfield author to speak at women’s expo

By Susan Hiland | From Page: A3

The resurrection has changed the lives of Christians

By Perry W. Polk | From Page: C3

 
Piano scholarship competition set in Vallejo

By Susan Hiland | From Page: A3

 
Understanding your health insurance

By Morgan Westfall | From Page: D4, 1 Comment

 
Armijo graduate completes basic training

By Nick DeCicco | From Page: C4

 
Record Store Day a commercial hit

By Adrienne Harris | From Page: A5 | Gallery

Easter egg hunt brings out the smiles

By Susan Hiland | From Page: A5, 1 Comment | Gallery

 
Dutch Bros. joins Fairfield coffee corridor

By Barry Eberling | From Page: B7, 5 Comments | Gallery

City sets plan to dispose of property assets

By Brian Miller and Karl Dumas | From Page: B7, 1 Comment

 
Fairfield police log: April 17, 2014

By Susan Hiland | From Page: A12

Suisun City police log: April 17, 2014

By Susan Hiland | From Page: A12

 
.

US / World

Counties tell Brown they need money for his law

By The Associated Press | From Page: A1, 1 Comment

 
San Francisco probe leading to entrapment claims

By The Associated Press | From Page: A6

Exhibit recreates Warhol’s 1964 World’s Fair mural

By The Associated Press | From Page: A10

 
NASA’s space station Robonaut finally getting legs

By The Associated Press | From Page: A10 | Gallery

Ohio couple married 70 years die 15 hours apart

By The Associated Press | From Page: A11 | Gallery

 
Documents detail another delayed GM recall

By The Associated Press | From Page: A11, 1 Comment

At barricades, Ukraine insurgents await Easter

By The Associated Press | From Page: A13

 
Official: 3 bodies retrieved from inside ferry

By The Associated Press | From Page: A13 | Gallery

13th body pulled from snow in Everest avalanche

By The Associated Press | From Page: A13

 
Costa Rican a celebrity after certified miracle

By The Associated Press | From Page: A14 | Gallery

.

Opinion

Government … for the government?

By Bill James | From Page: A8, 9 Comments

 
Editorial Cartoons for April 20, 2014

By Daily Republic Syndicated Content | From Page: A8

Question of the week: Will Flight 370 be found?

By Daily Republic | From Page: A8

 
Neighborhood speeders don’t get it

By Letter to the Editor | From Page: A8, 5 Comments

Why would a person do this?

By Letter to the Editor | From Page: A8, 3 Comments

 
Sound off for April 20, 2014

By Daily Republic | From Page: A8, 1 Comment

 
Jeb Bush, love, and today’s GOP

By Ruben Navarrette | From Page: A9, 1 Comment

 
 
.

Living

Today in History for April 20, 2014

By The Associated Press | From Page: A2

 
Community Calendar: April 20, 2014

By Susan Hiland | From Page: A2

Bill Nye says he underestimated debate’s impact

By The Associated Press | From Page: C3, 10 Comments

 
Book details lives of cloistered nuns

By The Associated Press | From Page: C3

Horoscopes for April 20, 2014

By Holiday Mathis | From Page: D4

 
Pete spends weekends at my house but he never invites me to his

By Kathy Mitchell and Marcy Sugar | From Page: D4

.

Entertainment

Flea of Red Hot Chili Peppers has book deal

By The Associated Press | From Page: C2

 
Tartt, Goodwin finalists for Carnegie medals

By The Associated Press | From Page: C2

New book on fracking illuminates pros, cons

By The Associated Press | From Page: C2

 
PUBLISHERS WEEKLY BEST-SELLERS

By The Associated Press | From Page: C2

TVGrid

By Daily Republic Syndicated Content | From Page: B11

 
.

Sports

A’s score 3 in 9th, rally past Astros 4-3

By The Associated Press | From Page: B1 | Gallery

 
Warriors beat Clippers 109-105 in playoff opener

By The Associated Press | From Page: B1 | Gallery

 
Kings, Sharks look to put Game 1 in past

By The Associated Press | From Page: B1 | Gallery

Stults, Padres hand Giants third straight loss

By The Associated Press | From Page: B1

 
Hawks take 1-0 lead by rolling past Pacers 101-93

By The Associated Press | From Page: B2

Calathes suspension a reminder of supplement risk

By The Associated Press | From Page: B2

 
Raptors GM Ujiri uses profanity about Brooklyn

By The Associated Press | From Page: B2

Williams scores 24 as Nets beat Raptors 94-87

By The Associated Press | From Page: B2 | Gallery

 
Durant leads Thunder past Grizzlies 100-86

By The Associated Press | From Page: B2

Federer beats injured Djokovic to reach final

By The Associated Press | From Page: B3 | Gallery

 
Big names among prospective Buffalo Bills buyers

By The Associated Press | From Page: B4

Indians set two new school records for track

By Daily Republic staff | From Page: B4

 
Wie shoots 67, wins LPGA LOTTE Championship

By The Associated Press | From Page: B4

Travis Bowl Highlights

By Daily Republic | From Page: B4

 
Rapids, Earthquakes play to scoreless tie

By The Associated Press | From Page: B4

Stars Recreation bowling results

By Daily Republic | From Page: B4

 
Jimenez leads Langer by 1 shot in Greater Gwinnett

By The Associated Press | From Page: B4

Donald shoots 66, takes lead at RBC Heritage

By The Associated Press | From Page: B4

 
Award-winning archery champ shoots with his teeth

By The Associated Press | From Page: B6 | Gallery

Survivors keep busy as Boston Marathon approaches

By The Associated Press | From Page: B6

 
.

Business

Why high oil prices are actually good for airlines

By The Associated Press | From Page: B7

 
US delays review of contentious Keystone pipeline

By The Associated Press | From Page: B7

Subscription sample boxes shake up beauty routines

By The Associated Press | From Page: B8

 
Girls from modest families get lift in technology

By The Associated Press | From Page: B12

Haunted house part of San Antonio apartment lofts

By The Associated Press | From Page: B13

 
Recalls this week: lanterns, exercise devices

By The Associated Press | From Page: B13

Review: Siri-like Cortana fills Windows phone gap

By The Associated Press | From Page: B14

 
.

Obituaries

Sealwyn Shirley Brucefield Shepherd Malkiewicz

By Nancy Green | From Page: A4

 
Anne Irene Elizabeth Fulgoni

By Nancy Green | From Page: A4, 1 Comment

Margaret Elizabeth Silva

By Susan Hiland | From Page: A4

 
Lloyd G. Hoffmeister

By Nancy Green | From Page: A4

Ramon Isidro

By Adrienne Harris | From Page: A4

 
Rogelio Tinoco-Zamudio

By Susan Hiland | From Page: A4

James Leroy Barbour

By Nancy Green | From Page: A4

 
William Paul Wehrly

By Nancy Green | From Page: A4

.

Comics