Why Elon Musk Now Wants to Build Hundreds of Tesla ‘Gigafactories’

He originally said the gigafactory could eventually push the cost of lithium-ion cells down by 30 percent, but has since amped up that prediction.

“I think we can probably do better than 30 percent,” Musk said, according to Bloomberg. “[With automakers increasing demand] there’s going to need to be lots of gigafactories. Just to supply auto demand you need 200 gigafactories.”

.. Musk told CBS’ 60 Minutes earlier this year that he’s not only unafraid of failure, but that he actually expected his company to fail.