You could be right, because I haven’t seen evidence that electric cars are in such demand that money can be made by building such a plant.
“You could be right, because I haven’t seen evidence that electric cars are in such demand that money can be made by building such a plant.”
This car is a passing fad toy for the very rich. The demand will taper off. It will never be a mainstream car. We’re probably 50-100 years from an alternative vehicle that will beat gas and diesel. Five billion seems high for a battery factory. Very high. For the demand they have now it seems the batteries could be built by a contractor at a fraction of the price. But they’re taking the 100% high-risk path, which means they intend to fail. The top guys will bail on platinum parachutes.