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

France Declares All New Rooftops Must Be Topped With Plants Or Solar Panels

A new law recently passed in France mandates that all new buildings that are built in commercial zones in France must be partially covered in...

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.

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...

France Declares All New Rooftops Must Be Topped With Plants Or Solar Panels

A new law recently passed in France mandates that all new buildings that are built in commercial zones in France must be partially covered in...

France Declares All New Rooftops Must Be Topped With Plants Or Solar Panels

A new law recently passed in France mandates that all new buildings that are built in commercial zones in France must be partially covered in...

Satirical Onion Article Accidentally Predicts Actual News Headline

The Onion is both notorious and beloved for its painfully accurate satire. “CIA Realizes It’s Been Using Black Highlighter All These Years,” and “U.S....

Dumb Things Media Said About Climate Change

Top 13 Dumb Things Media Said About Climate Change in 2013 The evidence for climate change only got stronger this year, with a major climate...

Activists Send Choco Pies Floating Into North Korea

Activists Float 10,000 Forbidden Sweets to North Korea Inside Giant Balloons Activists send Choco Pies across border into North Korea after Pyongyang regime crackdown on...

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...

Here’s Why One Of The Biggest Environmental Disasters In US History Won’t Be Contained Any Time Soon

Scientists and engineers are finding it difficult to contain the largest natural gas leak ever recorded – since late October, an estimated 73,000 tons...

Is the U.S. preparing for a second civil war?

The internet is awash with reports of government agencies stockpiling weapons and medical supplies in the face of looming domestic unrest -- but is...

Al-Qaeda Doesn’t Exist’ [Documentary]

This film examines the global militant Islamist organization’s inception, its links to Western intelligence, the double agents and fictitious characters that populate its ranks,...