For Tesla And The World, The Trillion-Dollar Battery Breakthrough Remains Elusive
Elon Musk, Tesla’s big-thinking CEO, sees the future better than most. Whether he’s talking about sending humans to Mars or building a $5 billion battery factory for his electric-vehicle maker, Musk’s plans tend toward the grandiose and yet his track record suggests its risky to bet against him. When he spoke last week at the World Energy Innovation Forum at Tesla’s headquarters, he suggested the world would need “hundreds” of those Gigafactories for producing batteries going forward — not all of which would be build by Tesla, of course. While it’s likely some expertise will bring down the cost of future factories, Musk’s pronouncement was both a bit daunting and depressing. First, it means at least a trillion dollars of investment in battery plants over the coming decades. Second, it implied at least indirectly that those batteries won’t be a lot better than the ones Tesla uses today.
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