After facing difficulties ramping 4680 cell production in-house, Tesla has been partnering with battery suppliers to build the new cell format. And today we learned that Samsung SDI is setting up a pilot plant to supply 4680 cells to Tesla and BMW.
According to leaks citing Tesla cell engineers, today the EV maker has started 4680 battery production at Giga Texas. This is expected to alleviate Tesla's cell constraint and enable the EV maker to launch a Model Y with more than 400 miles of range.
In a move that will surely attract more retail investors, Tesla at the start of this month announced that the company will be doing a stock split. And now thanks to multiple leaks we have information that the EV maker is looking to do a 20 to 1 split.
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In the past 2 years, prices of lithium have gone up 11 folds. Following this, Tesla CEO Elon Musk now is saying the EV maker is considering entering the lithium mining and extraction business at scale. Musk also added Tesla has pioneered a sustainable process of lithium mining.