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Tesla Ready to Pump Out 100,000 Cars Per Year by 2015

MuskPhotograph by ChinaFotoPress/Getty Images

“Processed ore from mines will enter by railcar on one side and finished battery packs will exit on the other.”

That’s Elon Musk writing to the shareholders of Tesla Motors on Thursday in a letter (PDF) detailing the company’s second-quarter results and its construction of a battery plant. As expected, the plant will be built in conjunction with Panasonic; part of the facility’s foundation has already gone up in Nevada. Tesla will oversee construction of the factory and run it, while Panasonic will invest in the machinery and supply its lithium-ion battery cells.