The project can be implemented in collaboration with Muska & # 39; s The Boring Company.
Electric vehicles need large batteries, which means that a huge amount of material is required for their production. Batteries are the basis and one of the most expensive items in electric vehicles. That's why Tesla built its own Gigafactory factory, which produces more batteries than any other similar factory in the world. But Tesla wants to go further.
Elon Musk announced that Tesla is considering the ownership of the mining of the necessary materials and will not rely solely on external suppliers. The reason – the speed and confidence that the material will be enough. Thus, Tesla will collect the bulk of the production process, which will reduce costs or increase profits in the long term.
Tesla managing director Elon Musk also owns The Boring Company, an underground mining company. It can also speed up the potential creation of new mines for specific materials.
Tesla optimizes the production of electric vehicles, making it very close to the production of cars and batteries. The company plans to deploy several Gigafactory worldwide at least once in each continent.
Currently, Gigafactory 2 is located in New York and specializes in solar batteries. Gigafactory 3 is already under construction in Shanghai, China, where model 3 and model Y electric vehicles will be produced simultaneously. The company is currently choosing a site for another plant in Europe.