Tesla’s solution to battery shortages is to build its own ‘giga factory’

Tesla‘s ambitious plans for turning electric vehicles into a mainstream mode of transportation will require more power. A lot more power, judging by the latest quarterly report from the company, which included comments from CEO Elon Musk about a potential battery factory that would be owned and operated by Tesla itself:

Old battery packs would be converted into new ones within this proposed facility, which Musk describes as a “giga factory” that would be comparable in size to “all lithium-ion production in the world.” So, the man that introduced us to the idea of the Hyperloop, who happens to dabble in commercial space flight on the side, now also wants to build the world’s largest battery factory as well.

via The Verge.

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