Goldman Sees Tesla Consuming as Much as 17% of Lithium Output
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Tesla Motor Inc.’s planned battery factory may consume as much as 17 percent of current lithium output, easing a forecast oversupply and benefiting producers like Rockwood Holdings Inc., Goldman Sachs Group Inc. said.
The battery plant that Tesla co-founder Elon Musk has called a “gigafactory” could require the equivalent of 15,000 tons to 25,000 tons of lithium carbonate annually at full capacity, Goldman analysts led by Robert Koort said in a report today. That estimate exceeds a Feb. 26 Bank of America Corp. prediction the facility would use 9,000 tons.