Panasonic's Integral Role in Nevada Boosts Elon Musk's Prominence

7 Jun 2023

Panasonic will increase production at the Tesla Gigafactory Nevada plant by 10%.

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This will increase the plant's annual production capacity from 38 GWh to 39 GWh.

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This is enough to produce 500,000 to 700,000 Tesla Model 3s.

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The decision by Panasonic to increase production is a major vote of confidence in Tesla and its electric vehicles.

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The news comes at a time when Tesla is facing increasing competition from other automakers.

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However, Tesla still has a number of advantages over its competitors.

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Panasonic is also planning to build a third EV cell factory in the U.S.

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The expansion of Panasonic's EV battery production capacity is a sign of the growing demand for electric vehicles.

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