Electric vehicle automaker profile: Tesla Inc.
In March 2023, Tesla announced plans to set up a massive US$5 billion plant in Mexico and develop a low-cost EV platform in line with its long-term strategy to enter the automotive mass market. While the company has set itself a production target of 20 million EVs per year, its actual sales are likely to be limited by capacity restrictions, market saturation, competition, and regional EV subsidy availability. In this report, we analyse Tesla’s battery material supply chain and its expected market entry strategy for the low-cost high-volume segment. Additionally, we provide forecasts for its: • EV sales, categorised by market, model, and segment • EV production, categorised by plant • EV battery demand, categorised by cathode chemistry • EV battery raw material demand, categorised by critical mineral • In-house cell production and recycling feedstock supply