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Why Tesla Motors Inc. Could Produce More Electric Cars in 2020 Than the Entire World Can Make Now
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People think that electric vehicles are inconvenient -- they take too long to charge and cost a lot of money. Tesla Motors (NASDAQ: TSLA ) , maker of high-performance electric vehicles, is taking an aggressive approach to make them more affordable and practical. Tesla's vehicles operate on a bundle of cylindrical lithium-ion battery cells. The problem? The market for such cells is declining as other EV makers, and even consumer good manufacturers, are moving to larger, flatter cells with more power per cell. Battery consumers are continuing to bid down the price of the flat battery, and battery factories are receiving government subsidies and are currently operating well below full capacity.
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