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.”Expand Expanding Close
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:
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.
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.Expand Expanding Close