Lithium Stories February 16
Lithium Stories January 29
Tesla’s raw material needs, including lithium, are increasing rapidly with its battery production ramp-up at Gigafactory 1 in Nevada to support the Model 3 production and other energy storage projects.
Now we learn that the company is reportedly in talks with SQM, Chile’s largest lithium producer, to secure lithium supply. expand full story
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Lithium Stories December 29, 2017
Tesla CEO Elon Musk reportedly arrived in Chile this week, sparking rumors in the lithium world, which Chile is the center of in some sense. expand full story
Lithium Stories February 21, 2017
For those of us who believe that the entire automotive industry is rapidly transitioning from being powered by fossil fuels to electricity, it becomes important to transfer any asset from one to the other not only from an environmental standpoint, but also from a financial standpoint.
We have reported before on a growing movement to divest from fossil fuels – now reaching over $5.2 trillion – but the question is where do you reinvest that money? What is the new petrol?
The minerals used to make batteries are obvious contenders, but there are a lot of different kinds of batteries using all different minerals. Tesla’s Gigafactory 1 in Nevada is alone expected to double the global battery production over the next year and therefore, it could create a resource boom. expand full story
Lithium Stories June 9, 2016
In a lengthy report published yesterday, the Desert Sun described the demise of a young lithium extraction startup and how Tesla tried and failed to buy it for $325 million in TSLA stock back in 2014. It offers an interesting look at Tesla’s acquisition process, something rare for the automaker. The company only made one acquisition: a tool and die company in Michigan.
The article is a long read, but a very interesting one if you have the time. Here’s a much shorter version if you just want the main takeaway points.
Lithium Stories December 3, 2015
The agreement would presumably be to supply Tesla’s Gigafactory under-construction in Nevada. expand full story
Lithium Stories October 8, 2015
When Tesla Motors negotiated with the state of Nevada to build its battery factory in the desert east of Reno, the state government agreed to give the automaker up to $1.3 billion in tax incentives over 20 years to build the $5 billion project.
But the deal came with several requirements the company needs to meet to get access to the tax breaks. Most of which have to do with employment – Tesla is expected to create up to 6,500 jobs through the Gigafactory once it operates at full capacity in 2020 – but a lesser known requirement was for Tesla to invest in educational research in the state and this week the company fulfilled the commitment by signing an agreement to invest $1 million in battery research with the University of Nevada in Las Vegas (UNLV) over the next 5 years. expand full story