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.

Tesla Supercharger

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…

Read the full article for free?
Go ahead 👇

Do you have an account? Then log in . Or create a new one .

great information To It

great information

how am I good at trading, stocks, choosing a classy broker

Please help me

asclnascjnscbascha

Don't have an account? Join us

Log in to Bulios


Or use email and password
Already a member? Log in

Create Bulios profile

Continue with

Or use email and password
You can use lowercase letters, numbers, and underscores

Why Bulios?

One of the fastest growing investor communities in Europe

Comprehensive data on thousands of stocks from around the world

Current information from global markets and individual companies

Education and exchange of investment experience among investors

Fair prices, portfolio tracker, stock screener and other tools

Menu StockBot
Tracker
Upgrade