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Tesla Wants to Produce 1 TWh Of Battery Cells Per Year

• By Gustavo Henrique Ruffo

We have been collecting pieces of a puzzle on Tesla producing its own batteries every day. First, the company bought Maxwell Technologies in order to have access to its dry electrode technology for batteries. Then, we heard Tesla is in a consortium for nickel and cobalt mining in Indonesia. It seemed to be taking all the steps for something big. And that something is producing 1 TWh of battery cells per year.

Just to give the right dimension to what that represents, the Gigafactory 1, in Nevada, produces 28 GWh worth of battery cells per year. Tesla wants to produce 1,000 GWh in the same period, or 972 GWh more. Our definition of ambition has been upgraded...

Elon Musk said in the presentation of Tesla's Q2 2019 financial results that a "Battery and Powertrain Investor Day" will probably happen by February or March 2020 with a clear roadmap to achieve that goal.

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