Tesla Receives Approval To Erect Concrete Piles

This is a big deal for Tesla gigaberlin construction. On Monday, Tesla finally received a building permit from the Environmental Office in Grünheide, Brandenburg, which will allow Tesla to continue the construction of the factory. 

according to a corresponding statement, this latest approval will allow Tesla to erect piles for the foundations. This comes after Tesla massively reduced the number of piles needed for the factory from over 10,000 pieces to just about 1100 pieces, to be used. According to a Tesla spokesperson last week Friday, Tesla has already installed about 500.

This move will cost Tesla financially, but it is a very important move that helps the environment. The responsible authority gave Tesla this approval because it’s certain that Tesla had already met the requirement and judgment is going to be in favor of Tesla.

 According to the State Office, six new objections have been received as part of the second public participation since the beginning of July, and six objectors have added their objections from the first public participation. Overall, however, this would not require any other assessment by the authorities.

According to the State Office, six new objections were received since the beginning of July… Overall, however, this would not require any other assessment by the authorities.

Gigaberlin Is Being Built At Tesla’s Risk

Tesla is yet to receive the final approval for the construction of Gigaberlin, as there are several obstacles set by the opposition parties that are against the factory project.

Tesla continues working at its own risk until a final building permit is granted.

  • No water-polluting substances must be able to get into the ground
  • Noise measurements during the work should ensure that the noise protection regulations are complied with
  • Tesla must ensure that the vibrations generated during construction do not endanger nearby roads and railways

If Tesla is not given the final building permit, the project risk cancellation, and all the constructed buildings may be removed from the site.

Wedbush Analyst Daniel Ives Raises Tesla Stock Price Target To $19000, From $1800

It took Wedbush analyst Daniel Ives just 4 days to raise his Tesla thesis price target from $1800 to $1900.

Daniel Ives maintained a Hold rating on Tesla with a price whooping price target of $1900.00. The company’s shares closed last Friday at $1650.71, close to its 52-week high of $1794.99, setting a record close, after a 1.83% rally.

Ives’s Tesla price target and rating are not the biggest so far, Colin Rusch of Oppenheimer still holds a buy rating with a price target of $2209.

Last week, Ives thinks that with demand for the Model 3 ramping stronger than expectations in China heading into August/September, the lockdown easing in the U.S./Europe, and some potentially “game-changing” battery developments on the horizon, Tesla’s stock likely has room to run further.

More can be found here: Daniel Ives Raises Tesla Bull Case Price Target To $2500

“Gigaberlin Could Be Finished In Record Time” – Tesla Spokesperson

It took Tesla 168 days after the permit to finishing the construction of gigashanghai. According to a Tesla spokesperson present at the inauguration of “No1 Tesla Street” on Friday, Tesla could finish the construction of gigaberlin in record time, beating gigashanghai’s 168 days record.

The railway connection also contributes to this massively. Up to 1200 tons of building material could be delivered in one train, and about 3 trains are able to deliver at once. In Shanghai, everything had to be transported by truck. It has not yet been decided whether the production of batteries will also take place in Grünheide. The previous planning documents do not provide for a battery factory.

Tesla Giga Berlin Construction Timeline (Appriximation)

Saturday marks the 46th day since the first 4 piles were erected at Gigaberlin, marking the beginning of the construction of the machine that will build the ‘made in Germany’ machines. Yes, foundation digging started around May 27th which lasted for a couple of weeks before the first reinforced concrete was delivered on July 3rd. That makes today the 82nd day since the first foundation was laid, and gives us 85 days (November 10, 2020.) left to finish the project, in order to beat the Gigashanghai record.

  1. 15 November 2019 – Gigaberlin was announced by CEO Elon Musk.
  2. 19 January 2020 – Contract signed
  3. 9th March 2020 – Levelling
  4. 28 April 2020 – Land transfer
  5. 27 May 2020Ground breaking, Foundation begins.
  6. 1st July 2020 – First concrete piles erects.
  7. 14th August 2020 – No1 Tesla Street (inauguration)
  8. ————–
  9. August 30 – Drive Unit expected to be completed.
  10. August 30 – Visitor’s parking by the south side expected to be completed and equipped with Supercharger.
  11. September – The major public hearing for the main approval process is scheduled for September

Environmentally Friendly

“Originally we believed that we would need up to 15,000 stakes, in the end, it was still 1,100,” said a Tesla spokesman on the occasion of the inauguration of the “Tesla Street”, which leads to the Tesla site. The concept has now been changed so that 500 to 550 piles can be used. “Only the press shop, but no longer the foundry, is built on piles.

This is another wonderful news from Tesla, and it truly shows what Tesla’s mission stands for, which is to accelerate the world’s transition to sustainable energy. Tesla is doing everything possible to make sure they abide by the rules and regulations of the local, state, and Federal governments.

Below is a short video I managed to put together on Saturday after my visit to the site. Please enjoy!.

Say Hello To Tesla Street

Straße” is a German word that means “Street” in English.

Photo by Jürgen

As shared by Jürgen on twitter, Tesla Street is now official. We will be visiting the Gigaberlin tomorrow to meet with other Tesla enthusiasts on the ongoing Gigaberlin construction project.

More photos to follow tomorrow.

BofA analyst John Murphy Raises Tesla Price Target To $1,750

OMG… Bank of America Securities analyst John Murphy upgrades his Tesla stock price target from $800 to $1,750, which is more than a 100% increase. Like seriously?.

Murphy upgraded Tesla stock rating from Underperform to Neutral claiming “the company’s “ever-increasing” stock price is “direct evidence” that Tesla has unfettered access to low-cost capital, which remains a key advantage that should be leveraged to accelerate growth.

The Reason Why BofA analyst John Murphy Raised Tesla Price Target

Murphy notes that his revised price target is before adjustment for Tesla’s 5-1 stock split that will be effective August 31.

This follows yesterday’s Morgan Stanley analyst Adam Jonas‘ upgrade of Tesla shares to Equal Weight from Underweight with a $1,360 target, raised from $1,050, seeing an increasing likelihood that Tesla will announce a vertically integrated battery supply business. According to Adam “Tesla Battery Day… could be a game-changer, and based on what we know so far, there is growing risk of Tesla becoming a new battery competitor armed with superior technology,” Jonas writes.

More 

Tesla and PG&E Building World Largest Energy Storage Facility

Tesla in partnership with The Pacific Gas and Electric Company have started the construction of the largest energy storage facility in the world, which is set to be finished by end of year.

Back in Febraury, Officials in Monterey County gave the green light on a massive clean-energy battery farm project in Moss Landing spearheaded by Tesla and PG&E that officials say would be the largest of its kind in the world, that project has now started.

The super advanced energy storage facility will use hundreds of lithium batteries to store the clean-renewable energy and then use existing power lines to transmit energy.

According to Tesla, the Megapack will act as a sustainable alternative to natural gas “peaker” power plants. Peaker power plants fire up whenever the local utility grid can’t provide enough power to meet peak demand. They cost millions of dollars per day to operate and are some of the least efficient and dirtiest plants on the grid. Instead, a Megapack installation can use stored excess solar or wind energy to support the grid’s peak loads.

With this world class energy storage facility and other storage products built by Tesla, Powerwall and Powerpack, Tesla’s total global footprint is now clearly more than 2 GWh of cumulative storage. With Megapack, this number will continue to accelerate exponentially in the coming years. This is an amazing news for Tesla energy business and investors.

The battery park will be able to dispatch up to 730 MWh of energy to the electrical grid at a maximum rate of 182.5 MW for up to four hours using 256 of Tesla’s lithium-ion (Li-ion) Megapacks. Tesla and PG&E will have the option to upgrade Moss Landing’s capacity to bring the system up to 1.2-gigawatt-hours which could, according to Tesla, power every home in San Francisco for six hours.

In comparison, the current world’s largest energy storage facility is the Hornsdale Power, Australia, built by Tesla with the Li-ion battery, with a capacity of 150 MW, a duration of 1.2 hours. Once this Moss Landing is upgraded to the 1.2 GW capacity as anticipated, its storage capacity will be approximately ten times larger than Australia’s Hornsdale Power station. The next largest Li-ion storage system in the world is the United Kingdom’s Stocking Pelham station at 50 MW.

Morgan Stanley Upgrades Tesla Price Target To $2,636 – Downgrades All Other EV Battery Producers

Morgan Stanley seems to be getting what Tesla is all about, finally!. The bull case raised to $2,636

Morgan Stanley analyst Adam Jonas upgraded Tesla to Equal Weight from Underweight and raised his price target from $1,050 to $1,360. Bull case raised to $2,636 from $2,500, Bear case valuation raised to $510 from $375

Two weeks ago after Tesla posted an impressive second quarter profitable earnings, Morgan Stanley analyst Adam Jonas raised Tesla Stock bullish price target to $2500, all the way from $740 just 3 weeks ago. A massive rally of over 50% from the current price of $1500. “It’s becoming increasingly obvious that Tesla is going to become a very large company, approaching (if not exceeding) Toyota or VW revenues in the next decade and leaving the world’s largest luxury OEMs behind.”

Yesterday Adam Jonas raised his target from $1,050 to $1,360 a few weeks ahead of Tesla Battery Day. It’s just a matter of time before that price target is raised again from $1,360 to $1,600 ;).

“Following our downgrade to Underweight this past June and our recent price target increase to $1,050, we had expressed our belief that the direction of Tesla shares from this point may most likely be driven by factors beyond the business of selling cars. Specifically, we have explored two business models that have the potential to take Tesla shares higher from here: 1) Software/services revenue, 2) the supply of batteries and EV/powertrains to 3rd part OEMs.”

The Tesla Battery Day on September 22 could be a game-changer and based on what we know so far, there is a growing risk of Tesla becoming a new battery competitor armed with superior technology. This risk seems to be overlooked by financial markets and we believe that investors are in a bit of a ‘wait-and-see’ mode, looking for more clarity. However, we think it presents a potential long-term headwind, limiting the scope for margin improvement and perception of the value of existing significant order books.

Tesla Is The Amazon Of the Auto Industry and The battery Industry

According to Adam Jonas and his team of tech analysts, Tesla is clearly the Amazon of the Auto industry, and will become the Amazon of the battery industry as well.

Tesla has the ability to now make its own batteries at lower costs via technology. The company has its own IP via Maxwell and is no longer dependent on Panasonic, which is working with Toyota and not making batteries for Tesla Shanghai. Here is our take on all the information we have so far:

“Biggest Casting Machine Ever Made Will Be Installed In Gigaberlin” – Elon Musk

Ever heard of “The Machine That Makes The Machine”?.

Tesla CEO Elon Musk just confirmed that the biggest casting machine ever made will be installed in Gigaberlin once the on-going construction is complete.

This machine patent titled “MULTI-DIRECTIONAL UNIBODY CASTING MACHINE FOR A VEHICLE FRAME AND ASSOCIATED METHODS” was filed in 18.01.2018, with the Publication Number 20190217380 is finally built and ready to start performing wonders.

Above features: Tesla Model Y one cast part: (70 parts ——> 1 part) “Multi-Directional Unibody Casting Machine for a Vehicle Frame and Associated Methods”

According to Musk, It “will be amazing to see it in operation!” being the “Biggest casting machine ever made“. He also adds that this world-class casting machine “will make the rear body in a single piece, including crash rails.”.

src: Tesla

The single piece casting machine for Model Y has been spotted in Fremont, after installation. Gigashanghai and Giveberlin installation next!.

BENEFITS

The benefits are unlimited. This will reduce the cost of producing the Model Y frame significantly, as instead of using several machines, a single machine will get the job done. Fewer materials, less waste, cost-effective, less footprint, the list goes on. The body frame will also be stronger as there will be only 1 part, instead of 70 parts. This will improve the car aerodynamics and perhaps makes it faster. This should also make the car lighter, compared.

At the end of the day, this will reduce the price of Model Y, which means customers can afford it better than before.

Gigaberlin…

The fact that Elon Musk has already stated that Gigaberlin will be world-class whenever it comes to manufacturing electric vehicles, and the fact that he has also confirmed that the 1 part world-class casting machine is what Gigaberlin will be using is in itself satisfying.

Gigaberlin will be building a new kind of Tesla Model Y that the world is yet to see. Ofc Made in Berlin Model Y will look identical to the Made in China and Made in USA Model Ys, but if we dig deeper, Made in Berlin Tesla vehicles will surely be built using world-class technology, perhaps never seen anywhere else.

Investors must be pumped about what’s coming in 2021. We ain’t seen nothing yet!.

Volkswagen Plans To Engineer The EVs Of The Future In Chattanooga, Tennessee.

German car manufacturer Volkswagen in a press-release has announced it will be building its first North American center for electric vehicles in Chattanooga, Tennessee. not only for assembly, but for engineering the EVs of the future.

With the all-electric Volkswagen ID.4 due to be revealed in full-production form soon, Volkswagen has begun expanding its Chattanooga factory to build a North American center for electric vehicles – not only for assembly, but for engineering the EVs of the future.

To power those efforts, Volkswagen‘s Engineering and Planning Center in Chattanooga will soon feature a unique, state-of-the-art high-voltage laboratory designed to develop and test electric vehicle cells and battery packs for upcoming models assembled in the United States.

“There are two ways that auto companies approach the development of electric vehicle batteries,” said Wolfgang Maluche, Vice President of Engineering at Volkswagen of America. “A lot of them will farm out the development and testing of batteries to another company, and some will actually do the work of developing and testing in-house. We are doing the latter.”

The EPC plans to break ground on the lab soon, with the goal of being fully operational by spring 2021. It will feature cutting-edge equipment, including pressure testers, explosion-rated climate chambers and – perhaps the most unique – a custom multi-axis shaker table (MAST), which is designed to test the integrity of vehicle components in some of the roughest conditions they might face on the road.

Most automotive labs have MASTs, but almost none were designed for electric vehicle batteries. EV battery packs are the largest and heaviest component in an EV, typically weighing hundreds of pounds and running the width of the vehicle.

“The battery is not only shaking; it is going through a series of harsh conditions to test its durability in a variety of possible environments, from the South Pole to the Sahara,” said Jason Swager, the Director of Electrical Development. “We needed to build a MAST that could withstand the immense force and frequency that we need to test these batteries.”

To run a MAST at such high frequencies, Volkswagen had to design its own tool rather than using an outside supplier. The supports for the MAST will be buried 12 feet under the lab’s floor and buttressed with concrete to help withstand the forces in use. Volkswagen’s new lab will be only the second location in the country with a MAST of this size.

Beyond the tools, Chattanooga’s high-voltage lab will have other unique features. In line with Volkswagen’s goal to reach carbon neutrality by 2050, the lab is planned to be built to LEED standards for environmental impacts, through steps such as a battery-to-grid connection that sends unused energy back to utilities.

“This lab was planned to be as sustainable as possible,” said Maluche.

And the lab adds to the growing tech scene in Chattanooga. From the engineering work of Volkswagen and other firms to its early embrace of affordable gigabit Internet for its downtown business center, Chattanooga has managed to grow a core of technology businesses while retaining its Tennessee mountain charm.

Swager has lived in Chattanooga since 2009 and has seen the Engineering and Planning Center grow alongside the town. “It feels like gold rush time,” he said. “There is this great spirit in Chattanooga, where everyone is excited about what the city can become. It’s a great town for an engineer like me, but also for others in tech and start-ups.

“The future of driving is coming to Chattanooga. We have the chance to help shape how Volkswagen and the entire automotive industry engineers electric vehicles to be as safe and sustainable as possible.”

Daniel Ives Raises Tesla Bull Case Price Target To $2500

Tesla 5-1 stock split has taken over the investment world by surprise as several analysts are now back to their drawing boards to predict where the stock price of the electric vehicle giant is most likely headed after the 5-1 stock split, and battery day.

Presently trading above $1600, Tesla market cap. is shockingly back above $300 billion for the first time since over 10 trading days.

A stock split does exactly what it sounds like: One share gets split up into multiple shares, with no change to the total value of investors’ holdings. They are simply are broken down into more individual units.

The 5-1 stock split according to analysts is good news for the retail investors that would love to own a whole piece, but cannot afford let’s say $1600 per share. The idea is to reduce the share price 5x, which makes owning a piece 5 times cheaper than the current trading price.

Wedbush analyst Daniel Ives in his note to clients after Tesla announced a 5-for-1 stock split, expected to be effective on August 31, as the company follows the lead of Apple (AAPL), believes more tech giants such as Amazon will potentially head down this path over the coming months as the parabolic rally in tech and electric vehicle names over the past five months has put companies in a position of strength to make such moves.

Daniel Ives believes Tesla’s action, given its strong retail base and growing appetite among investors around the story and overall EV demand, is a smart strategic move at the right time.

Further, the analyst thinks that with demand for the Model 3 ramping stronger than expectations in China heading into August/September, the lockdown easing in the U.S./Europe, and some potentially “game-changing” battery developments on the horizon, Tesla’s stock likely has room to run further. He maintains a Neutral rating and a price target of $1,800 on the shares, with a $2,500 bull case target. reports The fly