Saturday, January 28, 2023

5 key elements for Tesla revealed by Elon Musk

there is no doubt that Tesla figure like Leader undeniable electrified automotive market, However, as the years pass by, it becomes tougher to face the competition.

While it continues to be the sales leader, the fact of the matter is that by 2030, more and more brands will have electric models, gradually increasing their production to reach 100% electrification of their line of vehicles by 2050.

This means that South Africa must act “carefully” to continue to dominate the industry. For this reason, before closing this year, it has revealed several keys to the future of the North American company, which arouses some curiosity among some people due to the amount paid to Twitter to the company’s CEO.

5 Important Keys for Tesla

Committed to Tesla: Elon Musk revealed that he is more committed to Tesla than ever, contrary to what many might think after acquiring Twitter following a controversial scenario that involved a transaction.

No more stock sales: Elon Musk seems to have hit his pocket with buying Twitter, forcing him to sell some of his Tesla shares. However, there won’t be any more sales until 2025.

“I will not sell any shares for the next 18 to 24 months. Not until around 2025. I needed to sell. I probably won’t sell any shares for two years… After going through two recessions, I am a bit paranoid.’

How to keep support: The South African remarked that Tesla is prepared to weather economic problems. They didn’t say it would happen, only that they were prepared to deal with them in the best possible way, and in fact, assured they could do better than other companies.

“I think Tesla will weather the next economic storm better than any other company. As long as the company isn’t making bread,” he said.

own lithium: Supply shortfall is evident, therefore, Tesla started talks for a lithium refinery during November 2022 with the aim of building its own production line. “Tesla is building a lithium refinery in Texas to ease the choke point on lithium refining.”

Also, he said that 7 years appears as a long period, therefore, a target has been set to prepare it in a few years. “Seven years to build a refinery is insane. We aim to produce significant volumes from the factory in 2 years. We are also refining cathodes at Giga Texas for nickel-based cathodes,” he revealed.

Tesla Electric: Finally, Tesla recently launched Tesla Electric, allowing Powerwall owners to participate in Virtual Power Plants (VPPs). “The overall objective is to accelerate the advent of sustainable energy. Power generation, storage and power transport. We are working on all three. The demand for bigger batteries is almost endless. As long as Tesla battery packs are cheaper than peak plants, then Till then there will be an insatiable demand.”

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Nation World News Desk
Nation World News Desk
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