Lithium shortages impact Tesla, other EV carmakers, numerous tech markets

CAR COMPANIES PLAN FOR ELECTRIC VEHICLES BY 2040, BUT INFRASTRUCTURE DEMANDS POSE MAJOR STUMBLING BLOCK

He said that Tesla might get into the mining and refining directly at scale, unless the price came down. At a Wednesday earnings call, Musk told analysts that lithium production is a hurdle to meeting EV demand and urged entrepreneurs to get into the mining business. Tesla’s revenue for the quarter was around $18.76 billion – beating estimates of $17.85 billion. It was boosted by multiple price hikes meant to offset rising costs of lithium, nickel, cobalt, and other raw materials.

Don't start! Not tonight.

Elon should have bought a Lithium mine instead of Twitter

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