Per Musk seems Tesla is on track for battery production, selected nr para underlined. Panasonic who produce the batteries is supposedly one of the NDA's, and they need a coninued supply of graphite.

UPDATE 2-Tesla CEO Musk says market value could rival Apple by 2025

21:32 EST Wednesday, February 11, 2015

(Adds financial details from CEO analyst call)

By Paul Lienert

DETROIT, Feb 11 (Reuters) - Tesla Motors Inc missed fourth-quarter sales targets and analysts' profit expectations, but Chief Executive Officer Elon Musk on Wednesday said by 2025 Tesla's growth trajectory could take its market value to $700 billion, matching that of Apple Inc.

Per Musk seems they are on schedule tp

The company expects to deliver about 55,000 cars globally in 2015, an increase of about 74 percent.

Musk said Tesla's $35,000 Model 3 should be in production by the second half of 2017, and that its design will not be as "adventurous" as that of the gullwinged Model X crossover, in order to keep the production schedule on track.

He said Tesla remains "on plan" to begin battery production in 2016 at a $5 billion factory outside Reno, Nevada.

Shares closed down 1.6 percent to $212.80 on Wednesday and dropped another 3.9 percent in after-hours trade to $204.50. Tesla's market cap at close was $26.7 billion. (Reporting by Paul Lienert in Detroit; Editing by Joe White and Lisa Shumaker)