Tesla starts hiring for its ‘license to print money,’ aka lithium refinery

Tesla is starting to hire for its new lithium refinery, which Elon Musk referred to as a “license to print money” in Corpus Christi, Texas.

In September 2022, we learned that Tesla has a plan to build a lithium refining facility on the Gulf Coast of Texas.

At the time, we knew very little about the project other than Tesla was planning on moving fast with hope to start building in Q4 2022.

A few months later, Tesla officially submitted the proposal for a project in Robstown, Texas, 25 minutes outside of Corpus Christi, with the purpose of “developing a battery-grade lithium hydroxide refining facility, the first of its kind in North America, as well as facilities to support other types of battery materials processing, refining, and manufacturing and ancillary manufacturing operations in support of Tesla’s sustainable product line.”

Tesla also confirmed that it planned to invest $365 million in the lithium plant, which would employ about 165 people full-time plus another 250 construction jobs for about two years.

Top comment by EhCanadian

Liked by 14 people

A "license to print money" for only $365million!

If a $365million investment could really print money, companies would be lining up to build their lithium refineries.

View all comments

It wasn’t clear what had happened to the proposal, but it now looks like it is moving forward as Tesla has started hiring for the lithium refinery.

Tesla has listed a new job opening for a “Project Scheduler” in Corpus Christi, and the automaker wrote in the job description:

As a project Scheduler, you will be playing a critical role in the construction of Tesla’s first lithium refinery plant near Corpus Christi, TX.  This role will support all project phases from engineering through commissioning of construction by providing project management with critical decision-making information that ensures projects are delivered on time. The Scheduler will collaborate closely with other functional teams throughout the project lifecycle to ensure accurate schedule development and reporting to track project performance.

Tesla is looking to move fast on the project, but the timeline to production is not clear at this point.

CEO Elon Musk has previously called lithium refining a “license to print money” due to the high margins in the industry, and he has encouraged more investment in the sector, especially in North America since the industry is dominated by China.

FTC: We use income earning auto affiliate links. More.

Stay up to date with the latest content by subscribing to Electrek on Google News. You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

Comments

Author

Avatar for Fred Lambert Fred Lambert

Fred is the Editor in Chief and Main Writer at Electrek.

You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com

Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas.