As Henry Sanderson of Financial Times writes, Tesla has just gained ownership of a 10,000-acre plot in Nevada with the purpose of extracting and building a lithium refinery.
This represents an important step in making battery production for EV’s domestic.
Economic obstacles exist however as gains may not be realized for many years, and in order to supply Tesla’s ambitious growth goals (20m cars target by 2030) the lithium market would need to grow more than eight times in size.
“Without further investment, Tesla risks being short of lithium and facing a potential price surge over the next decade.”
Read the full article here.
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