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re: Tesla's gigafactory is a cool idea but not really sustainable

Posted on 6/28/17 at 3:07 pm to
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 6/28/17 at 3:07 pm to
As the demand curve shifts (increases), the price and quantity supplied will increase, unless there is a physical limitation.

When cars were first invented, I bet you couldn't find enough steel to make the quantity of cars that Ford wanted to produce. The increased demand for cars drove price of steel up, which means that more companies entered the steel market thereby increasing the quantity supplied.
Posted by texag7
College Station
Member since Apr 2014
37635 posts
Posted on 6/28/17 at 3:09 pm to
Steel and lithium/cobalt are two different things.

Iron is the 4th most abundant element in Earths crust.

Not really comparable
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