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Tesla Gigafactory 1’s rooftop array expands with new solar panel clusters
Tesla’s Gigafactory in Nevada has always been intended to be powered entirely by renewable energy. Aerial images of the facility taken earlier this year revealed that the company began installing several clusters of solar panels on the factory’s roof, though construction of the solar arrays was halted after the sixth cluster was completed. That said, Tesla appears to have resumed work on Gigafactory 1’s rooftop solar array, adding six new clusters to the roof of the sprawling facility recently.
Teslarati recently obtained aerial images of the new rooftop solar panel clusters being installed in Gigafactory 1. Continuing from the work started earlier this year, the new clusters of solar panels are installed on the north end of the facility. Images of the recently built parking lot north of Gigafactory 1 also show a number of containers and semi-trailers.
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- Aerial images of the Tesla Gigafactory as of August 28, 2018. [Credit: Joshua Mcdonald]
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- Aerial images of the Tesla Gigafactory as of August 28, 2018. [Credit: Joshua Mcdonald]
Aerial images of the Tesla Gigafactory as of August 28, 2018. [Credit: Joshua Mcdonald]
Gigafactory 1 is designed to feature an expansive 70 MW solar array on its roof. A handout of the facility given to guests at a previous investor event stated that Gigafactory 1’s solar array would likely be the largest rooftop installation in the world, particularly when the planned 13-million-square-foot facility is completed.
“GF1 is an all-electric factory with no fossil fuels (natural gas or petroleum) directly consumed. We will be using 100% sustainable energy through a combination of a 70 MW solar rooftop array and solar ground installations. The solar rooftop array is ~7x larger than the largest rooftop solar system installed today,” Tesla’s handout read.
Elon Musk recently provided an update on Gigafactory 1’s transition to fully renewable energy, stating in a recent tweet that the facility will be 100% renewable and powered by Tesla Solar at the end of 2019. This aggressive timeline is classic Musk, and it was released roughly at the same time as work on the facility’s rooftop solar array resumed.
This is utterly false. Fossil fuel merchants of doubt have been pushing that bs for years. Tesla Gigafactory will be 100% renewable powered (by Tesla Solar) by end of next year.
— Elon Musk (@elonmusk) August 25, 2018
As impressive as the Nevada Gigafactory is today, the facility is actually still less than 30% complete. Gigafactory 1 currently has a 1.9 million square foot footprint, with roughly 4.9 million square feet of operational space across several floors. The footprint of the building itself has not changed over the past two years either, as the company has largely focused on growing and optimizing the facility from within since the Model 3 ramp took center stage.
That said, signs are emerging that Tesla might be looking to expand Gigafactory 1’s physical footprint soon. The construction of the new parking lot north of the factory, for one, suggests that the company might be making way for some construction work west of the facility, which happens to be a parking lot used by employees today.
Gigafactory 1 is one of Tesla’s most pivotal facilities. Tasked with the production of battery packs and powertrains for the Model 3, Gigafactory is responsible for ensuring that Tesla meets the demand for the electric sedan. Late last month, Panasonic, Tesla’s battery partner, also noted that it would be increasing its manufacturing capacity by 30% to address the increasing demand for batteries caused by the Model 3 ramp. According to a report from 103-year-old Japanese news agency Nikkan Kogyo, Panasonic will be adding three new cell production lines for lithium-ion batteries in Gigafactory 1 at the “end of 2018.”
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
