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Musk implies Tesla must make own battery cells

To meet EV demand.
Image: Nina Riggio/Bloomberg

Tesla Inc. will need to start producing its own battery cells in order to meet demand for its electric vehicles, even as it ramps up purchases from outside suppliers, Elon Musk said in a tweet.

Musk, Tesla’s chief executive officer, made the comments on the eve of the company’s annual shareholders meeting and “Battery Day” presentation Tuesday, which is expected to showcase innovations designed to maintain Tesla’s lead in electric cars.

Shares of the company fell as much as 8.4% in postmarket trading Monday after closing at $449.39. Musk said what Tesla announces at the event won’t reach high volumes of production until 2022 and will have an impact on planned output of its semi truck, Cybertruck pickup and new Roadster sports car.

Tesla’s most longstanding partner on batteries has been Osaka-based Panasonic Corp. The two companies jointly operate a massive battery plant outside of Reno, Nevada: Panasonic makes the cells, and Tesla strings thousands of cells into the massive battery packs for each car. But Musk has never been keen about depending on one supplier, and Tesla does have smaller-scale agreements with Contemporary Amperex Technology Co., or CATL, in China’s Fujian province and LG Chem Ltd. in Seoul.

© 2020 Bloomberg

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I would have thought this to be self explanatory.

A greater concern would be:
How do we get rid off these batteries without messing up the environment?.

Reginald:

So far, the EV batteries get a second life in stationary battery use. The BM and Tesla batteries are warranted to 80% of original capacity (8y or 250,000km whichever comes first). By then the rest of the car is probably getting tired anyway. The battery however still has 80% of its cycles left and are brilliant backup systems.

The usual anti EV chant is they still use coal energy. Well, even if you are not using solar to recharge your EV, at least coal energy is better emissions than diesel internal combustion…

Yes, I have an EV. Love it as city commuter. Yes, I have other cars for family holidays

End of comments.

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