Tesla Inc. (NASDAQ: TSLA) is gearing up to outperform the bottleneck in the fast electric vehicle industry. Large-scale production of batteries, which for some companies can turn the time to switch to electric traction into a serious problem.
The winds of electric vehicles are rapidly increasing across the world and this trend will accelerate over the next decade, necessitating a further increase in battery production. In addition, it is the secondary market for electric vehicles, which also requires a supply of batteries.
Therefore, the future market share of automakers largely depends on the ability to secure enough batteries to prove the market potential of the model line.
In a few words, an extremely successful design and performance of a car is not enough: you need to find a lithium battery tester for your own production. To meet the demand for electric vehicles in the next decade, battery production must increase 20 times.
The world leaders in wind turbines for electric vehicles from Tesla and BYD, which have their own production of batteries. Both companies are moving to hierarchical lithium phosphate (LiFePO4) battery cells, which are less flammable and perform better at lower temperatures. Batteries that contain large volumes of expensive metals: cobalt and fillers are important.
Interestingly, Tesla is investing in BYD’s LiFePO4 battery business, likely looking to secure another key tester in the future to ramp up production to a multi-year target of 50% or more.
Although the stock has performed remarkably well in recent months, the overall interest from investors has dropped noticeably. That has seen its trading volume surge by 17.94%, figures that rank poorly compared to the stock’s average volumes. This information is critical as it reflects the stocks’ float size, given that the market is exposed to 857.16 million shares of the company.