Musk's plan for Tesla-built batteries has an acceleration challenge
Elon Musk wants to make cheaper batteries - fast.But the Tesla Inc (TSLA.O) chief executive is unlikely to hit ambitious targets for Tesla to mass-produce its own new batteries this year,
Though Musk is known for doing the impossible, starting with turning the electric vehicle maker into the world's most valuable auto company,
The stakes are high. Prices of battery ingredients like nickel hit records this week on supply fears stemming from the Russia-Ukraine conflict,
and Musk in January forecast battery supply constraints next year, making in-house production a key to growth.
Musk says making the batteries at scale will be very difficult, but they are critical to his goal of building less expensive
Longer-range electric cars that will keep Tesla ahead of a growing pack of competitors