Sarah Drake Contributor- Silicon Valley Business Journal One Gigafactory won’t cut it, Tesla Motors Inc. CEO Elon Musk said Wednesday at the World Energy Innovation Forum. Instead, he suggested that some 200 of the lithium-ion battery plans will be needed to meet demand as more automakers begin making electric cars, Bloomberg reported. The Palo Alto-based electric-car company’s CEO said the factory Tesla (Nasdaq: TSLA) is planning to build may reduce the cost of lithium-ion cells by more than the initial guidance of 30 percent, he said. “I think we can probably do better than 30 percent,” Musk said. As carmakers increase battery demand “there’s going to need to be lots of Gigafactories,” he...
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