Elon’s Terafab Moonshot As Ford And Others Retool: Energy Storage Really Is That Girl
Episode 253
Elon Musk has apparently decided that building cars and rockets wasn’t enough, so now he’s launching Terrafab, a trillion‑watt chip factory that has ambitions of powering both Teslas and the galaxy. About 20% of this computing power will stay on Earth for cars, robots, and ground AI, and the other 80% is basically going to outer space. Skepticism levels: very high.
Meanwhile, Ford’s BlueOval plant in Kentucky is now getting $2 billion more to pivot to energy storage. GM, LG, are all following suit. U.S. battery demand for storage hits 41% this year (up from 26% two years ago) and global market projected to double+ to $172 billion by 2030. Energy storage really is THAT girl because apparently ChatGPT and friends are really thirsty for electrons.
On top of that, Congress is floating a new federal EV fee $250 a year for EVs, $100 for hybrids because EVs aren’t paying gas taxes. How can we go from EV incentives to EV penalties in record time? It’s baffling.
Then there’s the ongoing robotaxi battle royale. Last week it was announced that Uber is investing $1.2 billion in Rivian for exclusive autonomous R2 robotaxis over five years. It’s autonomy meets distribution, and everyone’s picking a tribe. Who do you think will survive? PS – thank you for being here, it means the world!
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