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Finance & Economics
The Cost of Elon Musk’s Ambitious Endeavours
Raw Material Shortages Caused by Tesla, SolarCity and SpaceX
Elon Musk
The production of electric cars, batteries and solar roofs has been one of the primary drivers behind Tesla’s meteoric rise. The company has made a significant impact in the automotive industry with its high-end cars like the Model S and Model X and its more affordable offerings like the Model 3.
In addition to its cars, the company also owns SolarCity, a clean energy services provider that installs and owns solar energy systems for homes and businesses. The companies have been pushing hard to increase production and reduce costs, but the ambitious goals of these companies have been causing some issues.
Industry analysts have raised concerns over the limited availability of raw materials, one of the major bottlenecks for these companies. In this article, we will highlight some of the problems caused by these companies and talk about the possible solutions that could help solve them.
Limited Availability of Raw Material
The production of batteries like those used in Tesla’s cars and SolarCity’s systems are highly energy-intensive processes. For…
