Tesla plans to produce lithium for 1 million vehicles from Texas refinery, Elon Musk says

The Tesla logo is seen on a car in Los Angeles12

SAN FRANCISCO, May 8 (Reuters) – Tesla (TSLA.O) expects to produce lithium for about 1 million electric vehicles at its upcoming lithium refinery factory in Texas, CEO Elon Musk said on Monday.

Tesla broke ground on the lithium refining facility, as it looks to secure supply of the key component used in batteries and meet its ambitious sales target for electric vehicles.

Musk said Tesla aims to finish construction of the factory next year and then reach full production about a year later.

  • ChargedcategoryS.Korean EV battery maker SK On seeks $3.1 bln in pre-IPO funding – newspaperJuly 21, 2022


Related posts

Bank of America in settlement talks with U.S. regulators over employee cell phone use

Cynthia Danforth

Austrian banks unaffected by banking turmoil, finance minister tells Neue Zuercher Zeitung

Cynthia Danforth

Majority of EU countries against network fee levy on Big Tech, sources say

Cynthia Danforth

Leave a Comment