Elon Musk’s plan to build 100 gigawatts of yearly solar cell manufacturing capacity in the U.S. could make Tesla’s energy business $20-$50 billion more valuable, Morgan Stanley analysts say. Musk believes solar is the best way to add capability to the grid and wants to integrate solar cell production across the supply chain. Tesla is aiming to build 100 GW a year of solar manufacturing capacity, potentially making it the top U.S. solar manufacturer. The massive solar expansion could boost Tesla’s energy business equity value by $20-$50 billion, according to Morgan Stanley. Tesla is already hiring for the project, with job postings from senior executives on LinkedIn.
Additionally, Tesla has started up the largest and most advanced lithium refinery in the U.S., converting spodumene ore into battery-grade lithium hydroxide. This move could help reduce dependence on Chinese solar products and boost Tesla’s energy business amid wavering electric vehicle sales. A fully scaled vertically-integrated solar business could generate $25 billion in annual revenues for Tesla, according to Morgan Stanley. The potential success of Musk’s solar manufacturing plan could significantly increase the value of Tesla’s energy business to $190 billion. 1. The stock market saw a significant drop today with the Dow Jones Industrial Average falling 500 points due to concerns over rising inflation and interest rates.
2. A new study found that over 70% of Americans are now fully vaccinated against COVID-19, marking a major milestone in the fight against the pandemic.
3. The United Nations reported that global greenhouse gas emissions reached a record high in 2021, increasing by 2.5% compared to the previous year.
4. Tesla announced plans to build a new Gigafactory in Texas, which is expected to create thousands of jobs and produce batteries for electric vehicles.
5. The FDA approved a new drug for the treatment of Alzheimer’s disease, offering hope to millions of patients and their families.
Read more at 1. Tesla announces record profits for Q3 2021, with revenue reaching $13.8 billion and net income of $1.6 billion. – finance.yahoo.com
2. Apple unveils new MacBook Pro models with improved performance and longer battery life, starting at $1,999. – finance.yahoo.com
3. Federal Reserve keeps interest rates unchanged, citing concerns about inflation and economic recovery. – finance.yahoo.com: Morgan Stanley Sees $190 Billion Upside in Tesla’s Solar Ambitions