Tesla builds 50 million 4680 battery cells at Giga Texas
$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ The article reported that Tesla announced today that it has built 50 million 4680 battery cells at its Giga Texas plant in Austin. Tesla’s 4680 production has increased significantly as it is building the battery cells for electric vehicles manufactured at Giga Texas, along with other factories. In a year, Tesla has managed to produce 40 million battery cells, just under a million a week over the past year.
My Take: Tesla's battery cell production plans to grow out of that phase through the production of vehicles that will equip the next-generation platform, starting with Tesla Robotaxi. CEO Elon Musk said that the vehicle will be unveiled on August 8.
It took just under 8 months to produce 30 million batteries:
22.02.18 1 million
23.06.16 10 million
23.10.11 20 million
24.06.05 50 million
Sources:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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CTradingWallet : Tesla can swap batteries?
ZnWC OP CTradingWallet : The battery swap is one reason why Nio is making EV at loss - cash burning.
Nio Battery Swap Stns 10 Yrs payback period under most optimistic conditions
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