Tesla has officially broke ground at its new Lithium Refinery outside Corpus Christie, Texas. The automaker plans to produce enough battery-grade lithium at the new factory to support the production of 1 million electric cars annually.
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Tesla is planning to build a lithium refining factory in Texas – something CEO Elon Musk has previously referred to as a “license to print money.”
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The Economic Times released an interesting article with a reaching title ‘How Elon Musk’s Tesla Motors maybe killing flamingos with its electric cars‘ yesterday. The claim is so absurd that it prompted Musk to mock it on Twitter:
Because of course I hate flamingos…(maybe try eating fewer flamingo eggs in your salad)https://t.co/tUKsWqCobo
— Elon Musk (@elonmusk) July 5, 2016
While the endangerment of the Flamigos’ environment is not a laughing matter, the publication’s link back to Musk and Tesla certainly looks like one.
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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.
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