A Nevada state official said Tesla’s battery gigafactory will be in operational next year. The opening of the factory means that the company’s Powerwall batteries for home use as well as its anticipated Model 3 electric car, which it plans to market to a wider base of customers by featuring a base price of $35,000 before incentives, are on track to ship.

The factory is expected to reach its full capacity by 2020 and the company expects to produce about 500,000 cars annually. The total number of batteries Tesla will manufacture by 2020 is expected to surpass the worldwide output of batteries in 2013.

Via Forbes. Photo by Niall Kennedy/flickr.

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