They say Tesla is committed to hitting aggressive targets and sometimes it takes developing innovative methods to make it happen.
Musk indicated that their plan is to ramp-up battery cell production to 10 GWh next year, 100 GWh in 2023, and 3,000 GWh in 2030.
He also disclosed that they are developing a unique lithium processing method. Tesla would eventually produce lithium since it acquired 10,000 acres in Nevada for that purpose.
In the meantime, Musk made it clear that they would still need to rely on other suppliers due to the volume of batteries it needs over the next decade.
The agreement with Piedmont will put the electric vehicle manufacturer on track to achieving its aggressive production numbers.
UPDATE: Piedmont’s stock price declined by more than 31% to $25.38 each on Tuesday.
—————————————-
Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it.
Want to contribute a story? We also accept article submissions — check out our writer’s guidelines here.
