Battery Tech, page-2

In the popular imagination, lithium is the element that powers EVs. However, as Elon Musk has pointed out, the term “lithium-ion batteries” is something of a misnomer, because they don’t really contain that much lithium. “Although [they’re] called lithium-ion, the actual percentage of lithium in a lithium-ion cell is approximately 2%,” Musk explained at Tesla’s 2016 shareholder meeting. “Technically, our cells should be called nickel-graphite, because the primary constituent in the cell as a whole is nickel.”

A Tesla Model 3 contains around 30 kilograms of nickel, Beck told *****’s Michael McCrae. Me - But it also requires 50kg of natural graphite to produce the 16kg in the anodes..

"“The real limitation on Tesla growth is cell production at affordable price. That’s the real limit,” Musk said, adding the company would expand its business with Panasonic and CATL and “possibly with others”.

I also read an article about a Chinese company dealing with Musk's Shanghai plant and he was saying Musk can talk all day about costs. With both graphite and nickle at historic low prices, wondering if Musk is on a 1 man jaw boning crusade to keep prices at historical lows. I think he can see large increases in prices as demand out strips supply