Tesla has once again found a way to increase the value of its stock. What is it?
Elon Musk is famous for his desire not to rely too much on external suppliers and instead produce everything himself. Therefore, all the car parts and other necessary hardware are produced exclusively in factories owned by the American carmaker. However, Tesla has uniquely unveiled a plan to take this independence one step further.

According to a letter sent to the Texas Comptroller's Office, Tesla $TSLA plans to build its own lithium battery refining plant on the Gulf Coast to produce lithium hydroxide ready to be shipped to Tesla battery factories in the U.S.
Tesla will mine its own lithium
Elon Musk has previously said that "lithium prices are unsustainable in the long term" and Tesla may have to go into mining and refining itself if costs don't improve. According to the latest data, the price of lithium has risen by more than 256% in the last year! Ensuring a steady supply of battery components is crucial for Tesla as it faces stiff competition in the rapidly…
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