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Despite Other's Initial Efforts, Tesla's Gigafactory Is Years Ahead
CNBC recently reported that, "There's a kind of arms race on batteries around the world. We know that Elon Musk with Tesla has got this Gigafactory. The Chinese are racing to overtake him; they'll have three times the capacity. And then in Germany, we've just heard [the] announcement of a new plan for a $1 billion factory on batteries," according to Giles Keating, a former Credit Suisse research chief, currently serving as chairman at investment consultancy Werthstein Institute.