Elon Musk confirms Tesla's own lithium mining

There is no shortage of this element, since lithium is found almost everywhere on Earth, but the rates of extraction and purification are low


An editor at eMobilCar

  • 2 min read

Tesla may buy a mining company if its own production of metals for electric vehicles will help accelerate the worldwide adoption of clean energy technologies.

According to the billionaire, it's not that Tesla wants to buy a mining company. The main reason is the desire to accelerate the transition to sustainable energy.

Tesla may have to do its own mining of lithium, which is used in batteries for electric vehicles, the cost of the metal has reached "crazy levels." There is no shortage of lithium itself on the planet - the point is the low rates of its production and processing

Tesla started thinking about mining lithium on its own back in 2020. This was one of the key points of the company's plan to reduce the cost of batteries, the company then received the right to develop lithium in Nevada.

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