Tesla is hedging its global supply chain bets

Growth strategy: Tesla EVs are seen at the company’s ‘gigafactory’ in Gruenheide, Berlin. The company is looking to secure materials and make its own batteries, while stopping short of buying mines and getting into a new business. — AFP

FROM India to Indonesia, Elon Musk is scouting out sites to make more Teslas for global roads. With the world mired in supply chain chaos, access to materials matters most. He’s got it right.

After lobbying against India’s tight policies around manufacturing and prohibitive import duties, Musk is headed to meet Indonesia’s President Joko Widodo and visit several areas across the country, which is also the top producer of nickel, a key metal for batteries.