- Does Musk’s Gigafactory Make Sense?
Tesla’s audacious plan to build a giant battery factory may mostly be a clever negotiating tactic.
Lithium-ion batteries are just about everywhere—they power almost all smartphones, tablets, and laptops. Yet Elon Musk, CEO of Tesla Motors, says he intends to build a factory in the United States three years from now that will more than double the world’s total lithium-ion battery production. The plan is still in its early stages, but already four states are negotiating with Tesla in the hope of becoming the factory’s home.
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