- General
- July 29, 2020
- 5 minutes read
Tesla May Sell Batteries To Other Automakers
Photo credit: Tesla Tesla’s famed chief executive, Elon Musk, insinuated on Tuesday that the electric carmaker is open to licensing software…
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| Photo credit: Tesla |
Tesla’s famed chief executive, Elon Musk, insinuated on Tuesday that the electric carmaker is open to licensing software and supplying batteries and powertrains to other automakers. The company isn’t exactly new to doing such a thing, as it previously supplied batteries to automakers Toyota and Mercedes Benz under separate partnership deals. “Tesla is open to licensing software and supplying powertrains & batteries. We’re just trying to accelerate sustainable energy, not crush competitors!” Musk said in a Tuesday message on Twitter.
Tesla is open to licensing software and supplying powertrains & batteries. We’re just trying to accelerate sustainable energy, not crush competitors!— Elon Musk (@elonmusk) July 29, 2020
Batteries are usually the most expensive and important component of electric cars, implying there’s possible lots of money to be made by selling them to other automakers. In a statement during a recent Tesla earnings conference call, Musk said the real limitation to the company’s growth is producing batteries at an affordable price, which seems to apply to other electric carmakers. Tesla currently runs a battery joint venture with Japanese manufacturer Panasonic and also sources batteries from suppliers such as China’s CATL and LG Chem. Notably, the electric carmaker is set to hold a “Battery Day” event on the 22nd of September, where it’s expected to showcase its advancements in battery technology.
Tesla is a major front-runner in the electric car market and this seemingly makes it attractive as a possible battery supplier to other automakers. Tesla is notably fresh off a profitable quarter, which marked a concurrent four-quarter profitability status for the company for the first time ever.
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