eCobalt Solutions Inc. (fka ECSIF)

[drkazmd65]

A potentially very interesting development that could greatly impact potential Cobalt producers in the near term.

Elon Musk is trying to achieve something the manufacturing world has never seen before

https://finance.yahoo.com/news/elon-musk-tesla-vehicle-production-goals-never-been-seen-before-120300680.html#

Tesla's (TSLA) Elon Musk is one of the more ambitious entrepreneurs the world has ever seen.

But despite all that he has already accomplished with his electric car company, there is no shortage of folks who are skeptical about Musk's intermediate-term goals.

In Tesla's Q1 earnings announcement, Musk announced plans to ramp up capital expenditures to support an incredibly aggressive plan to increase production capacity.

“Given our plans to advance our 500,000 total unit build plan, essentially doubling the prior growth plan, we are re-evaluating our level of capital expenditures, but expect it will be about 50% higher than our previous guidance of $1.5 billion for 2016," Musk said.

To be clear, Musk expects Tesla to be producing 500,000 vehicles per year by 2018, a target that was moved up from 2020.

For some context, management expects to produce just 20,000 vehicles in the current quarter. And for more context, Tesla missed production targets in Q1 due to what Musk characterized as "hubris."

But for Musk, this is about meeting red-hot demand for Tesla's vehicles, including the moderately priced Model 3.

"Naturally, this will impact our ability to be net cash flow positive for the year, but given the demand for Model 3, investing to meet that demand is the best long-term decision for Tesla,” he said

500K Units of Autos per year is going to require one heck of a lot of Cobalt,....