Samsung SDI in talks with Tesla to supply batteries

Tesla currently sources its batteries from Panasonic and is now likely to add Samsung SDI as a supplier – is sales exceed expectations that is, a source with direct insight told Reuters. Elon Musk, Tesla's CEO, said in April that the company planned to increase the its total vehicle production to half a million in 2018 – which would be two years ahead of its original target, the report continues. Tesla has currently taken about 373'000 orders for its Model 3 and deliveries are scheduled to begin in late 2017. "It remains to be seen whether the orders will translate into actual sales," the source told Reuters.