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The Year of the ‘Giga Press’: How Tesla’s monster machines can complete Elon Musk’s 2nd Master Plan
One of the most exciting developments from Tesla eagerly awaited by the electric car community is the company’s use of its giant casting machines. Dubbed by its maker IDRA as the “Giga Press,” the house-sized monster machines are capable of producing single-cast pieces for Tesla’s vehicles, starting with the Model Y.
The Giga Press lives up to its name. Its physical footprint is formidable, measuring 20 meters x 7.5 meters x 6 meters. It also weighs a whopping 430 tons, or about five Space Shuttles. So massive is the Giga Press that it takes up to 24 flatbed trucks to transport its components.
When operating, the Giga Presses are no slouch, as they have a cycle time of ~80‒90 seconds, which translates to an output rate of 40‒45 completed castings per hour, or about ~1,000 castings per day. That’s over 300,000 castings per year, per machine.
A Platoon of Giga Presses
So far, Tesla has set up two Giga Presses on the grounds of the Fremont Factory. Flyovers of the site show that the two machines are already set up, though it remains to be seen when they would formally be deployed. Over in China, three other Giga Presses have been spotted in the Giga Shanghai complex, though the units were reportedly built by LK Machinery, IDRA’s parent company.
But what is rather remarkable is that Tesla has several more Giga Presses in order. Sandy Munro, in a recent interview with electric vehicle advocate Sean Mitchell, noted that he has heard through the grapevine that Tesla has ordered 11 more units of the Giga Presses. Previous reports point to Giga Berlin receiving eight of the machines, and flyovers at the Giga Texas site seem to reveal three isolation pits for the monster machines in the area.
Needless to say, the Giga Press is poised to become a key part of Tesla’s Gigafactories from now on. As Tesla rolls out its single-piece cast design for the vehicles in its lineup, the company’s platoon of Giga Press machines will likely play an even bigger role. This role will likely become prominent starting next year, 2021.
The Year of the Giga Press
Tesla has always been a rebel of sorts, and this became extremely prominent this year. 2020 will likely be known as the year when the world stopped, and automakers suffered deep wounds due to the pandemic. Tesla, being a company that has always swum against the current, thrived instead of dropped. It is even poised to end the year as the newest member of the S&P 500.
But 2020 is only the beginning of a new chapter in the Tesla story. With the company now on more stable footing, the electric car maker can focus on executing its ramp for 2021. This ramp would likely involve Tesla aiming to produce close to, or perhaps up to, a million vehicles in one year. Such a ramp would require the full deployment of its Giga Press machines.
There is little doubt that Giga Press No.1 and No.2 at the Fremont Factory will be deployed fully soon. Giga Press No.3, No.4, and No.5 at Gigafactory Shanghai will likely be operational in early 2021 as well. And with Gigafactory Berlin likely starting Model Y production sometime next year, there is a good chance that several of its Giga Presses would go live next year as well. These, as well as the speculated machines in the Cybertruck Gigafactory in Texas, should allow Tesla to turn 2021 into the year of the Giga Press.
A Multi-Segment Approach
Tesla is a company with a big goal, one which focuses on the Master Plan of its CEO. So far, Tesla has pretty much completed Elon Musk’s first Master Plan, but Part Deux still needs some worth to accomplish. This is especially true for one aspect of the CEO’s target—expanding the company’s vehicle product line to address all major segments.
So far, Tesla has vehicles that compete in the large sedan, midsize sedan, SUV, and crossover market. This is one of the reasons why there is still so much more for Tesla to do. Granted, the Cybertruck will address the pickup market, the Semi will address the long-haul segment, and the new Roadster will compete in the supercar market. But there are still other segments to tap. One of these is the compact car market, which is populated with small, low-cost vehicles that are extremely aggressively priced.
Tesla and Elon Musk have both noted that the company will be producing a $25,000 electric car that is smaller and cheaper than the Model 3. Such a vehicle would likely be equipped with the best innovations that the company can offer for it to be profitable. These include low-cost and disruptive tabless 4680 battery cells and massive single-piece casts that are produced with the Giga Press. And considering that both Giga Shanghai and Giga Berlin seem poised to produce the $25,000 Tesla, there seems to be a good chance that the company’s Giga Press platoon is only bound to get bigger in the near future.
Watch Sandy Munro and Sean Mitchell’s conversations about Tesla and its innovations in the video below.
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Elon Musk
Elon Musk hints Tesla investors will be rewarded heavily
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet,” Musk said.
Elon Musk recently hinted that he believes Tesla investors will be rewarded heavily if they continue to hold onto their shares, and he reiterated that in a new interview that the company released on its social accounts this week.
Musk is one of the most successful CEOs in the modern era and has mammothed competitors on the Forbes Net Worth List over the past year as his holdings in his various companies have continued to swell.
Tesla investors, especially those who have been holding shares for several years, have also felt substantial gains in their portfolios. Over the past five years, the stock is up over 78 percent. Since February 2019, nearly seven years ago to the day, the stock is up over 1,800 percent.
Musk said in the interview:
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet.”
Elon Musk in new interview: “Hold on to your $TSLA stock. It’s going to be worth a lot, I think. That’s my bet.” pic.twitter.com/cucirBuhq0
— Sawyer Merritt (@SawyerMerritt) February 26, 2026
It’s no secret Musk has been extremely bullish on his own companies, but Tesla in particular, because it is publicly traded.
However, the company has so many amazing projects that have an opportunity to revolutionize their respective industries. There is certainly a path to major growth on Wall Street for Tesla through its various future projects, including Optimus, Cybercab, Semi, and Unsupervised FSD.
- Optimus (Tesla’s humanoid robot): Musk has discussed its potential for tasks like childcare, walking dogs, or assisting elderly parents, positioning it as a massive long-term driver of company value.
- Cybercab (Tesla’s robotaxi/autonomous ride-hailing vehicle): a fully autonomous vehicle geared specifically for Tesla’s ride-sharing ambitions.
- Semi (Tesla’s electric truck, with mentions of expansion, like in Europe): brings Tesla into the commercial logistics sector.
- Unsupervised FSD (Full Self-Driving software achieving full autonomy without human supervision): turns every Tesla owner’s vehicle into a fully-autonomous vehicle upon release
These projects specifically are some of the highest-growth pillars Tesla has ever attempted to develop, especially in Musk’s eyes, as he has said Optimus will be the best-selling product of all-time.
Many analysts agree, but the bullish ones, like Cathie Wood of ARK Invest, are perhaps the one who believes Tesla has incredible potential on Wall Street, predicting a $2,600 price target for 2030, but this is not even including Optimus.
She told Bloomberg last March that she believes that the project will present a potential additive if Tesla can scale faster than anticipated.
Cybertruck
Tesla drops latest hint that new Cybertruck trim is selling like hotcakes
According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:
Tesla’s new Cybertruck offering has had its delivery date pushed back once again. This is now the second time, and deliveries for the newest orders are now pushed well into 2027.
According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:
🚨 Tesla has updated the $59,990 Cybertruck Dual Motor AWD’s estimated delivery date to April 2027.
First deliveries are still slated for June, but if you order it now, you’ll be waiting over a year.
Demand appears to be off the charts for the new Cybertruck and consumers are… pic.twitter.com/raDCCeC0zP
— TESLARATI (@Teslarati) February 26, 2026
Just three days ago, the initial delivery date of June 2026 was pushed back to early Fall, and now, that date has officially moved to April 2027.
The fact that Tesla has had to push back deliveries once again proves one of two things: either Tesla has slow production plans for the new Cybertruck trim, or demand is off the charts.
Judging by how Tesla is already planning to raise the price based on demand in just a few days, it seems like the company knows it is giving a tremendous deal on this spec of Cybertruck, and units are moving quickly.
That points more toward demand and not necessarily to slower production plans, but it is not confirmed.
Tesla Cybertruck’s newest trim will undergo massive change in ten days, Musk says
Tesla is set to hike the price on March 1, so tomorrow will be the final day to grab the new Cybertruck trim for just $59,990.
It features:
- Dual Motor AWD w/ est. 325 mi of range
- Powered tonneau cover
- Bed outlets (2x 120V + 1x 240V) & Powershare capability
- Coil springs w/ adaptive damping
- Heated first-row seats w/ textile material that is easy to clean
- Steer-by-wire & Four Wheel Steering
- 6’ x 4’ composite bed
- Towing capacity of up to 7,500 lbs
- Powered frunk
Interestingly, the price offering is fairly close to what Tesla unveiled back in late 2019.
Elon Musk
Elon Musk outlines plan for first Starship tower catch attempt
Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
Elon Musk has clarified when SpaceX will first attempt to catch Starship’s upper stage with its launch tower. The CEO’s update provides the clearest teaser yet for the spacecraft’s recovery roadmap.
Musk shared the details in recent posts on X. In his initial post, Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
“Starship V3 SN1 headed for ground tests. I am highly confident that the V3 design will achieve full reusability,” Musk wrote.
In a follow-up post, Musk addressed when SpaceX would attempt to catch the upper stage using the launch tower’s robotic arms.
“Should note that SpaceX will only try to catch the ship with the tower after two perfect soft landings in the ocean. The risk of the ship breaking up over land needs to be very low,” Musk clarified.
His remarks suggest that SpaceX is deliberately reducing risk before attempting a tower catch of Starship’s upper stage. Such a milestone would mark a major step towards the full reuse of the Starship system.
SpaceX is currently targeting the first Starship V3 flight of 2026 this coming March. The spacecraft’s V3 iteration is widely viewed as a key milestone in SpaceX’s long-term strategy to make Starship fully reusable.
Starship V3 features a number of key upgrades over its previous iterations. The vehicle is equipped with SpaceX’s Raptor V3 engines, which are designed to deliver significantly higher thrust than earlier versions while reducing cost and weight.
The V3 design is also expected to be optimized for manufacturability, a critical step if SpaceX intends to scale the spacecraft’s production toward frequent launches for Starlink, lunar missions, and eventually Mars.
Elon Musk hints Tesla investors will be rewarded heavily
Tesla drops latest hint that new Cybertruck trim is selling like hotcakes
