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Weekly Recap: The divergent paths of Tesla and Fisker

There's no doubt that Tesla is downshifting while Fisker has been grinding its gears. But it wasn't always that way.
In the wake of Tesla's recent success, it's easy to forget that there were once two California electric carmakers with bright futures.

Tesla CEO Elon Musk expects 'hundreds' of battery gigafactories

Tesla Motors has officially announced it will build a massive electric vehicle battery factory, which it calls a gigafactory, to make a huge amount of cheaper lithium-ion pack for the EVs of the future. It says these packs are so important that it is working on plans for a gigafactory in two locations, just to make sure there is a Plan B if something goes wrong with Site A. But how many gigafactories could there one day be? According to Musk's vision, expressed at the World Energy Innovation Forum held at the Tesla Factory in Fremont this week (where he also said that using the Lotus Elise as the basis for the Tesla Roadster was not the best idea), the auto industry will one day need hundreds of battery gigafactories. Now, that's not hundreds of Tesla gigafactories, but he thinks there will need to be 200 just to supply the automotive industry. Throw in stationary energy storage and iPads that run all year, and the number climbs even higher. One benefit of all these cells coming to market will be cheaper electric vehicles. Originally, Tesla said that its gigafactory would be able to reduce the per-kWh cost of a Tesla battery pack by "more than 30 percent." Musk repeated that number at the Forum this week, saying, "I think we can probably do better than 30 percent." The groundbreaking of the first Tesla plant could take place next month. Oh, and as a side note: doesn't Michigan look odd in the image above? We are one with the lake, apparently.

Is Tesla under investigation from the SEC? *UPDATE

UPDATE: Tesla spokesperson LIz Jarvis-Shean told AutoblogGreen that "We don't comment on rumor and speculation." Let's call this one unsubstantiated at best. Probes Reporter is a site that tries to figure out what's going on behind the scenes by filing a number of Freedom of Information Act (FOIA) with the Security Exchange Commission (SEC). Based on the responses it gets, it guesses whether or not the SEC is investigating companies. Earlier today, Probes Reporter issued a Tweet that says: "Tesla Motors May Have an Undisclosed SEC Probe - Added to Watch List." Probe Reporter says that it got a letter from the SEC in early October that cited the "law enforcement exemption" of the FOIA in order to deny PR access to the records it was asking for. PR says that this acknowledges "some sort of investigative activity." Probe Reporter also says that about two-thirds of these sorts of exemptions "are confirmed on appeal," so the company's history with this strategy indicates there is a real chance the electric automaker is indeed facing some sort of investigation. Again, we don't know anything for certain. For now, Tesla hasn't made any official statement on the matter (we've asked, and will update this if we hear anything) and the stock market doesn't seem to care. TSLA was up 1.62 percent today, to $246.72, in part because analysts say this is just a rumor at the moment, according to ValueWalk.