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    Elon Musk says Tesla might get into mining business

    Abstract:As Tesla increases vehicle and battery production, it will have to consider parts of the battery supply chain like mining, CEO Elon Musk said.

      Tesla might enter the mining business as it seeks to ensure that it can make enough batteries for future vehicles, CEO Elon Musk said on Tuesday.

      As Tesla increases vehicle and battery production, it will have to consider parts of the battery supply chain, like mining.

      “We might get into the mining business. I don't know,” Musk said.

      Visit Business Insider's homepage for more stories

      Tesla might enter the mining business as it seeks to ensure that it can make enough batteries for future vehicles, CEO Elon Musk said on Tuesday.

      Musk said the electric-car maker's ability to expand its product lineup depends on being able to produce a large number of batteries.

      “There's not much point in adding product complexity if we don't have enough batteries,” he said.

      Read more: Elon Musk just said Tesla has a 'good shot' of setting a record for deliveries this quarter

      As Tesla increases battery production, it will have to consider parts of the supply chain, like mining.

      “We might get into the mining business. I don't know,” Musk said. “We'll do whatever we have to to ensure that we can scale at the fastest rate possible.“

      Have you worked for Tesla? Do you have a story to share? Contact this reporter at mmatousek@businessinsider.com.

      Read more:

      Elon Musk got 'paid' $2.3 billion last year but actually earned $0, and this shows how complicated CEO compensation has become

      Audi is recalling its Tesla rival after realizing its batteries were at risk of catching fire

      Tesla employees are giving the company lower scores on LinkedIn and Glassdoor, and some say there's a hole in senior leadership

      5 reasons why Tesla is probably poised for a rebound

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