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200 Gigafactories
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200 Gigafactories# Stock
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Tesla Motors Inc. (TSLA)’s Elon Musk said the need for lower-cost batteries
for autos and power storage means there will need to be hundreds of “
gigafactories” like the one the carmaker is planning to build.
“I think we can probably do better than 30 percent,” Musk, 42, said
yesterday at the company’s Fremont, California, plant. As carmakers
increase demand for batteries “there’s going to need to be lots of
gigafactories. Just to supply auto demand you need 200 gigafactories,” he
said.
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