TLG - Media, page-927

2 Feb 2020 - Fin Review reports on Elon Musk’s interview on social app Clubhouse:

On Tesla, the electric-car company that’s the source of much of his wealth, Musk had a message for battery manufacturers: make more.Advertisement“It’s important to emphasise to our suppliers, we’re not trying to put them out of business, we want them to increase their rate,” said Musk. He announced during Tesla’s “battery day” event in September that the company will begin producing its own cells to supplement more more purchases from outside suppliers.‘Moving the needle’Achieving Tesla’s goal of selling 20 million EVs a year is significant because that will replace about 1 per cent of the 2 billion cars projected to be on roads by 2030, Musk said, thereby “moving the needle” in the company’s fundamental goal: to accelerate the advent of sustainable energy. That target is quite a stretch, since the world’s two largest car makers delivered less than 10 million vehicles last year.“We’re trying to grow car production as fast as possible, but the primary limiting factor there is battery-cell production,”