If you recall, the Tesla Gigafactory being built in Reno, Nevada – the first of two or more such facilities – is slated to be a $5 billion behemoth lithium-ion battery factory, among whose responsibilities is producing the batteries in great enough volume to drive costs down and allow for the planned, “budget-price” Tesla Model 3.
The Reno Tesla Gigafactory is still far from complete, but Green Car Reports has the latest figures with regard to how much construction costs have totaled thus far.
Looking at figures gathered and analyzed by the Reno Gazette-Journal, Green Car Reports states that expenses for the Tesla Gigafactory stand at about $53.1 million to-date. That’s little more than one percent of the projected cost.
So what has the money gone toward so far? Estimates include about $2.1 million for removing vegetation from the site, $1 million for creating a run-off basin, and a hefty $16 million for construction of the foundation for the structure.
That leaves about $34 million, reportedly accounted for by various projects detailed in permits filed to Storey County, Nevada. This includes the construction and powering of temporary work site trailers, in several different phases, as well as the erection of the steel structure of the building, projected at $15 million.
Green Car Reports writes that Storey County has collected about $246,000 in permit fees so far. Even at just one percent of the Tesla Gigafactory’s total cost, this is already shaping up to be one expensive, all-or-nothing bet.