Does Elon Musk’s Tesla Model S ‘Signal the Beginning of the End for Oil?’

Does Elon Musk Tesla Model S Signal the Beginning of the End for Oil

Elon Musk’s $5 billion Tesla “Gigafactory” in Story County, Nevada isn’t just going to be big, it’s going to be the biggest in the world.

At least that’s the word on the street after Story County official Dean Haymore revealed that the electric vehicle/battery maker initially bought a thousand acres to start with, then recently swooped up another 1,200 acres and another 350 acres on top of that.

As Tech News Today writes, Tesla “initially intended to purchase 10 million square-feet of land for its Gigafactory, but after recent plans of acquisitions, it seems Tesla will end up with more than 24 million square-feet of land, making it the largest factory in the world.”

Haymore starts talking about the massive purchase around the 6:44 mark in this video:

It’s no surprise that Tesla is collecting some serious acreage, because it will need a lot of space for its ambitious plans.

“With a planned production rate of 500,000 cars per year in the latter half of this decade, Tesla alone will require today’s entire worldwide production of lithium ion batteries,” the company said. “The Tesla Gigafactory was born of necessity and will supply enough batteries to support our projected vehicle demand.”

The factory, which will be powered by renewable energy, is gunning for an annual battery production capacity of 35 gigawatt-hours, according to the Tesla Motors.

Construction of the Gigafactory is well underway. Hybrid Cars reports that the first construction phase of a 90,000 square foot building is nearly done and will soon be ready to install manufacturing equipment. Check out aerial footage of the factory’s huge expanse in this video:

As previously reported by EcoWatch, Tesla is building its Gigafactory to not only produce enough lithium-ion batteries to change the EV market and drive down prices, the company is also planning to storm the solar energy sector. In its partnership with SolarCity, Tesla is incorporating its batteries with SolarCity’s solar system to allow customers to store the excess energy created by the panels.

Tesla’s CEO makes it no secret that he’s planning on revolutionizing the energy grid. “Our goal here is to fundamentally change the way the world uses energy,” Musk told Bloomberg. “We’re talking at the terawatt scale. The goal is complete transformation of the entire energy infrastructure of the world.”

It appears that Big Oil and Gas are bracing for the clean energy revolution. Tesla’s very own Model S landed on the cover of Alberta Oil, an oil industry glossy, with the tagline “Hell on Wheels.”

The accompanying story has a title that says it all: “Is Tesla’s Model-S the Beginning of the End for Oil?

Sourceecowatch

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

Racial wounds rip open under a president with a history of exploiting them

President Donald Trump has spent much of his adult life building his brand around racial divisions.

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

Complete List of BANKS Owned/Controlled by the Rothschild Family

What’s the significance of having a central bank within a country and why should you concern yourself, your family and colleagues? Central banks are illegally...

Racial wounds rip open under a president with a history of exploiting them

President Donald Trump has spent much of his adult life building his brand around racial divisions.

Racial wounds rip open under a president with a history of exploiting them

President Donald Trump has spent much of his adult life building his brand around racial divisions.

Living without money for 15 years

Happy 69 Year Old Lady Has Not Used Money For 15 Years Heidemarie Schwermer, a 69-year-old woman from Germany, gave up using money 15 years...

Mainstream Media Blackout: Another Country Bans Monsanto’s Roundup Herbicide

  Why is it that in North America, we rarely see mainstream media discussing the fact that a number of countries are banning the use of Roundup...

Swiss government proposes paying everyone $2,400 a month whether they work or not in a bid to end poverty

Swiss residents are to vote on a countrywide referendum about a radical plan to pay every single adult a guaranteed income of $600 a...

Ex-DEA Spokeswoman: ‘Marijuana Is Safe,’ Kept Illegal Because It’s a ‘Cash Cow’

Before the heroin epidemic became a nationwide problem, claiming thousands of lives, Plano, Texas, was already entrenched. And like many of the places caught in...

Study: Losing interest in hobbies could mean Alzheimer’s

Apathy in old age 'an early sign of dementia': New study shows that Losing interest in favored hobbies could mean Alzheimer's Losing interest in hobbies...

Federal Court Rules You Can Be Arrested Simply for Filming the Police

A federal appeals court in the Eastern District of Pennsylvania has ruled that filming the police without a specific challenge or criticism is not...

Monsanto responsible for monarch butterflies massacre

Do We Save the Monarch Butterfly or Monsanto's Profits? Ninety percent of our beautiful monarch butterflies have been wiped out, yet it is still has...