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Tesla’s battery metals bill balloons to $100 billion | August 25, 2022

Elon Musk had plenty of advice for the mining and metals industry at the company’s Battery Day event in September 2020, where the road map to a $25,000 Tesla was laid out.

A couple of days after the event Musk confirmed in a tweet that Tesla will reach production of 20 million vehicles per year “probably before 2030.”

Tesla has been ramping up output at an impressive pace despite lockdowns and power problems in China and a late start in Germany, but the scale of the task is put into perspective by Musk’s proud announcement earlier this month that the Texas-based company has now reached the 3 million vehicle-mark – since its first production model launched in 2008. Tesla is expected to deliver 1.4–1.5 million vehicles in 2022. (…)

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