When Tesla CEO, Elon Musk, appeared at the Baron investment seminar last week, Ron Barron asked Musk how he can be sure that Tesla’s battery work will not be made obsolete by another industry player. Musk replied this is not a concern, as he is monitoring the industry closely: “I think we have quite a good understanding of all the battery technologies in the world. I don’t know if there are any other companies out there, but asks Baron, hopeful, as any EV pundit must be, that a bodacious battery breakthrough is right around the corner. I’m pretty confident about our ability to do this.” We’d be their biggest customer …We track right now about 60 different efforts around the world to develop and improve batteries, and some of them hold some long-term promise, but we rate all of them from 1 to 5, where 5 is ‘we should be doing business with them,’ and 1 is complete B.S.” He went on to point out that there are no 4’s or 5’s at this point.
When Tesla CEO, Elon Musk, appeared at the Baron investment seminar last week, Ron Barron asked Musk how he can be sure that Tesla’s battery work will not be made obsolete by another industry player. Musk replied this is not a concern, as he is monitoring the industry closely: “I think we have quite a good understanding of all the battery technologies in the world. I don’t know if there are any other companies out there, but I’m pretty confident about our ability to do this.” We’d be their biggest customer …We track right now about 60 different efforts around the world to develop and improve batteries, and some of them hold some long-term promise, but we rate all of them from 1 to 5, where 5 is ‘we should be doing business with them,’ and 1 is complete B.S.” He went on to point out that there are no 4’s or 5’s at this point.