Teslamay possibly well perhaps rating into the industry of mining minerals former in electrical vehicle batteries if it wants to invent bigger its product lineup and scale manufacturing, CEO Elon Musk acknowledged throughout the firm’s annual shareholder assembly.

The feedback came after Musk talked about plans for an electrical pickup truck and an function to begin up manufacturing of its all-electrical Class 8 semi truck by the finish of 2020. He acknowledged these plans had been dependent onTesla’sskill to make a vogue of lithium-ion battery cells.

“There’s now no longer significant point in along side product complexity if we don’t procure ample batteries,” he acknowledged. “That is complexity, however with out rating.”

Tesla’s huge factory in Sparks, Nevada used to be built to invent bigger global battery ability, and in flip in the reduction of the label of electrical autos. The plant, known as Gigafactory 1, produces Model 3 electrical motors and battery packs, along with to Tesla’s power storage products, Powerwall and Powerpack.Panasonic,its most important partner as a vendor and partner in that mission makes the cells. Tesla then makes employ of the cells to invent battery packs for its electrical autos.

For now, Tesla plans to examine product rollout with scaling of factory manufacturing. Once Tesla will increase manufacturing to a “very excessive level,” this can “witness additional down the provide chain and rating into the mining industry, I don’t know, perhaps a little bit bit on the least,” Musk exclaimed.

“We are in a position to do whatever now we deserve to do to guarantee we are in a position to scale on the quickest rate that it’s essential to possibly well even judge of,” he added.

Challenge about the provide of nickel, copper, lithium and connected minerals former in electrical batteries is now no longer unusual. Final month, Tesla’s head of minerals procurement acknowledged throughout a closed assembly at an industry convention that the firm expects global shortages of nickel, copper and lithium in the stop to future,Reuters reported.

Whereas significant of the eye has targeted on lithium provides, copper and nickel are also inclined. Years of underinvestment procure depleted copper provides, prompting corporations absorb Freeport-McMoRan to invent bigger in the usa and Indonesia.

It’s that it’s essential to possibly well even judge of that Tesla will focus on nickel mining, a mineral that Musk has pushed the firm to make employ of more of in lieu of cobalt.