DETROIT : Tesla Inc Chief Executive Elon Musk has set his young company on an aggressive expansion path like no other auto executive has dreamed - but one riddled with potholes and road blocks that could stall or sidetrack the journey.
"I'd equate this with the Manhattan Project in World War Two," said manufacturing expert Michael Tracy of The Agile Group, referring to the sweeping effort by the United States to build an atomic bomb. Along the way, Tesla would need to build seven or eight more"gigafactories" - an average of one every 12 months or so - take share from every competitor and emerge as a company the size of Volkswagen AG and Toyota Motor Corp combined. It would also need about 30 times as much battery capacity to supply all of its vehicle factories.
Producing 20 million vehicles a year would require Tesla to expand both its own battery-making capacity, and the capacity of its battery partners and the raw materials producers that supply them. The automaker, which rarely discloses its supplier relationships, began signing offtake agreements with miners and refiners more than a decade ago, according to former Tesla executives interviewed by Reuters, and currently has deals with more than 20 materials suppliers around the globe
There are 2 fatal flaws that will ultimately derail Tesla: FSD & Quality. Musk’s decision to remove LiDAR & his continuing friction w/employees all but guarantee Tesla hits a brick wall as all their competitors start to take off. Party will likely end in 2024. 2030 will suck! EQ
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »