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Breakingviews: Elon Musk's battery ram

Thursday, Mar 06, 2014 - 03:27

March 6 - Antony Currie and Robert Cyran explain how the Tesla boss's plans to slash car battery costs are also likely to help solar energy and hurt electric utilities.

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It's no secret that the Hamas calls to take on the much you will Detroit and other big common fractures he's also now. Maybe but -- -- going optic electric utilities as well. -- -- you just put together. Pretty cool priest looking at what plans to test that actually means full British tennis is yet. So the prize is big ticket factory that he's ghetto but you think about electric cars basically batter wheels come and things batters have lots abilities yes. What he's what he's basically saying is we're gonna double the amount the entire world production of these lithium ion battery by 20/20. Right and what it is now just in this one factories which is now -- it and said let's step back and look at what's happening in with utilities sold going really really fast and everyone who puts a solar system. They attached to the grid they get them to get back apart so at -- your power from you to look at utility right. And utilities are fighting -- they're saying you know well we don't want to lose our customers we're gonna increase charges if you want equipment hook up to our Greg you can't extra right. And so what it's become increasingly clear is that people may -- actually start. Putting batteries in their house that says that they can stool. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- That can decide it was pushed on average prices -- -- cost -- them about a 6% a year basically. And is that it seems like that's gonna keep on going and it could actually be that figure could be concerned that could actually be falling faster as this production scales up says he Hamas comes up this -- affection -- -- which -- It seems purely for has the cops -- now he also owns the senators to -- Ortiz is big and all of -- not a -- as a source antennas look set. How was the gate attraction for the cost gonna help well if you think about it the bigger the factory cup becomes the more production as batters for cars try to reduce the press about -- across the board that means we'll start using other reasons. It kind of feedback you -- think about how much it cost and get -- -- the -- army in the estimates at least 30% I think that's probably conservative that about the rate that the -- calling says that what this means the -- mean. His goals that has. A pretty big credit he's county police and necessity fought 4000 count yeah and he's estimating that in. By 20/20 he's been -- almost fifteen times that might well that and nothing that is that the man is all hybrid -- asks -- going to the mass market cars costing a lot less than that that the election unless -- like he needs he -- that it's -- what this does is makes cheap batteries which are good for electronic protest the cars and good for storage it's good for everything basically. So will result pieces of what stagnant in the secret they're in trouble. The thing is if if people start. Switching to solar then it's like okay well we can charge them more practice the -- right if people start -- off the grid and utilities -- -- a really dangerous position. A semester is something you don't have that within 45 years anyway they could be facing losing a third of their revenue growth and the thing is with the falling price of -- that could be using their bigger -- but. Rob thanks so much for that deputy keep in com on what -- musk is doing all his various companies. -- -- -- -- -- -- --

Breakingviews: Elon Musk's battery ram

Thursday, Mar 06, 2014 - 03:27

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