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</p><p>&nbsp; Tesla Motors' initiated its craziest and biggest bet till date with a massive, $5 billion (~ Rs 33,500 crore) factory in the Nevada desert that could nearly double the world's production of lithium-ion batteries with its long-time partner with Panasonic pouring $1.6 billion (Rs 10,720 crore). It took over two years since the start of construction and even after 2 years only 14% of work is complete, but when it's done, it will be about 93 hectares. To get the right idea of its size, it will be one of the largest buildings in the world. Nearly 1,000 workers are working for the factory's construction. By the second quarter of 2017, 31% of the factory is expected to be completed by the company. Eventually, the gigantic and one of the biggest roof will be covered in solar panels.</p><p>&nbsp; This factory can change the future of mankind and fortunes of the company if all bets goes there ways. The 13 year old electric car company, which has been in headlines constantly over past many months and has become hope of future for thousands of hundreds of them. Tesla plans to increase the list of its model line-up and also introduce models in various segment like trucks and pick-up trucks eventually. Tesla also runs Tesla Powerwall, a solar energy storage business for homes and businesses. The company says making its own lithium-ion batteries at the scale the Gigafactory will allow it to reduce its battery costs by more than a third by 2018. Tesla CEO Elon Musk said the factory could easily employ 10,000 people in the next three to four years. Company showcased its Model 3 in March this year. Only within mere 7 days, more than 3,25,000 people became its customer by paying a $1,000 deposit to book the car. Only after seeing that level of demand, they moved its production plans forward and said that now it will make 5,00,000 vehicles per year by 2018, two years earlier than scheduled. Also after seeing the demand Panasonic agreed to be partner with Tesla for the same deal they initially thought crazy but after seeing the demand crazy was not that crazy anymore.&nbsp;Tesla says the factory will be producing 35 gigawatt hours of batteries by 2018. That's the equivalent to the entire world's production in 2014. Tesla CEO Elon Musk said that the factory has the capacity to produce 150 gigawatt hours if it needs to. To put that in context, New York City uses around 52 gigawatt hours of energy per year.</p><p>&nbsp; Tesla at earliest will be needing batteries for Model 3 sedan which is fourth car in companies portfolio which is planned to go on sale at the end of 2017. It is priced around $35,000 (~ Rs 23,45,000) making it the least expensive vehicle offered by them and it is possible due to cut in battery cost. Currently batteries are being imported from Japan for its current models. Panasonic Corporation which has invested $1.6 billion into the factory is installing machines in sealed, humidity-controlled rooms that will start making battery cells before the end of 2016. They are also shipping cells from Japan to the Powerwall business, which are operating in another section of the factory. Robots are used to place battery packs into home and office units, which store energy from solar panels and allow users to tap it during peak periods. Musk said the Powerwall business will initially make up about one-third of the Gigafactory's output, but eventually could expand to around half. It’s a gamble as in if there is change in technology of batteries then company is forced to do new investment and there are also chances that demand never reached that high levels or what if the Model 3 is delayed, for example, or customers' deposits don't turn into actual sales, Tesla will have extra batteries on its hands and no way to recoup its costs. Only time can answer this dilemmas whether partner companies will touch the stars or get sunken in red Nevada sand.</p><p></p>