Listen to Elon Musk why "all transport, with the ironic exception of rockets, will be electric." Great conversation is covering in depth all aspects of the incredible story about Tesla Motors. From the early pain of growth and almost desperate situation in late 2008 to the Mercedes investment and Gigafactory. Tesla Model III will bring the mass market for electric cars and lower oil prices will not stop EVs. Elon looks forward to 500k of EVs produced by Tesla Motors annually by 2020 and "a few millions" after 2025.
"This is one more great opportunity to listen to Elon Musk. He is covering Tesla Patents, Competition, GM Bolt, Gigafactory and batteries, Tesla Model III and X, Superchargers and sales in China. Please listen to his thoughts on the touchy subject of Hydrogen fuel cells. "We do not have even to discuss it. Hydrogen Fuel Cells are extremely silly and it will become obvious in a few years time". "Electric cars are very efficient and much cheaper even with Oil price at 50 dollars." Other companies are taking his vision into account already. Watch the video."
"Eric Wesoff reports on very interesting development in China. Boston Power is building its own Megafactory to produce lithium batteries and even the super cheap urban EV for ... $8,000. It will be the game changer for the booming market for EVs in China, where EV sales are up 320% last year. We have discussed LG Chem Megafactory before and now you can appreciate more recent move of our strategic partner Ganfeng Lithium. China is building very fast its new strategic industry - electric cars. International Lithium is the part of the vertically integrated Lithium business with Ganfeng Lithium in China."