Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

eShirl

(20,141 posts)
22. It's about Elon Musk's battery factory, I think
Thu Jun 12, 2014, 10:22 PM
Jun 2014
http://qz.com/182440/elon-musks-massive-bet-on-batteries-is-riding-on-two-big-ifs/

With a plan to build the world’s largest lithium-ion battery factory, Elon Musk continues his long bet against all the incumbents around him: rival car companies, battery-makers and the scientific establishment. The wager is based on two big assumptions: that no one else will make a meaningful breakthrough in battery science and render the $5 billion factory obsolete; and that sales of his Tesla autos will rise more than 22-fold by 2020.
+

The risks are substantial that one or both of the assumptions will prove invalid. It is especially difficult to imagine the sale of about 500,000 Teslas annually starting just six years from now; he sold just 22,000 Tesla S’s in 2013, and there are only 180,000 electric vehicles of all types on the road around the world.
+

But if he is right, he will again show up the auto industry, not to mention the oil majors and energy experts, most of whom forecast that a full-fledged electric car industry won’t materialize until the 2030s or even later.
+

A successful “giga-factory,” as Musk has christened it, would catapult US lithium-ion battery production from its current minuscule scale into a commanding global position. At once, the US would manufacture as many lithium-ion batteries as the rest of the world—current powerhouses China, Japan and South Korea—combined. “He would swallow up all of Asia in one fell swoop. He would create a new pole of lithium-ion battery manufacturing,” Kevin Gallagher, a researcher at Argonne National Laboratory, told Quartz. (Here is a pdf of Musk’s slide deck.)

Recommendations

0 members have recommended this reply (displayed in chronological order):

Message auto-removed Name removed Jun 2014 #1
Con businessperson reading this is confused, they have never met someone randys1 Jun 2014 #2
Cons need to realize Tesla is selling every vehicle they can produce KeepItReal Jun 2014 #4
And they have Toyota on their side. Kablooie Jun 2014 #14
They *are* maximizing profit. eggplant Jun 2014 #15
Tesla would be proud of them packman Jun 2014 #3
+1 freshwest Jun 2014 #10
Why? Nikola Tesla held many patents from which he made a lot of money. PoliticAverse Jun 2014 #11
because fuck Edison? eShirl Jun 2014 #13
nice phantom power Jun 2014 #5
This is how the revolution begins! JDPriestly Jun 2014 #6
A wonderful gift to the world. QuestForSense Jun 2014 #7
Now all they need is to have electic car conversions in high school shop classes. Spitfire of ATJ Jun 2014 #8
excellent... I suppose this also means they won't be suing the revived Fisker anymore paulkienitz Jun 2014 #9
Very in keeping with the mindset of the company's namesake. AtheistCrusader Jun 2014 #12
This sounds like a win win situation. Uncle Joe Jun 2014 #16
You're welcome, Uncle Joe KeepItReal Jun 2014 #18
Cool, there are a lot of us out there. Uncle Joe Jun 2014 #20
Shrewd move on their part. Gore1FL Jun 2014 #17
That's the way it ought to be madokie Jun 2014 #19
Tesla simply caved to corporate blackmail. The big three have mounted challenges to Tesla in WestSeattle2 Jun 2014 #21
It's about Elon Musk's battery factory, I think eShirl Jun 2014 #22
Yup. joshcryer Jun 2014 #23
One thing is for sure polynomial Jun 2014 #24
Indeed. CanSocDem Jun 2014 #25
Latest Discussions»Latest Breaking News»Tesla Motors Releasing It...»Reply #22