Gigafactory talk gets dreamy

|By:, SA News Editor

Tesla Motors (TSLA) CEO Elon Musk sees exploding demand for low-cost lithium-ion batteries.

The exec forecasts the automobile industry alone will need 200 gigafactories to supply it. Ground breaks on Tesla' first gigafactory in June.

The Musk thesis is based on cars powered by electric batteries winning out over hydrogen cars, hybrids, and gas-powered vehicles. Toyota (TM) is expected to have a lot to say on that issue.

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