Tesla offers “giant contract” to responsible nickel miners
Tesla (NASDAQ: TSLA) boss Elon Musk is calling miners to produce more nickel, a key ingredient in the batteries that power his company’s electric cars, and has offered a “giant contract for a long period of time” to any firm able to extracted it in an efficient, environmentally sustainable manner. Musk noted on a second-quarter earnings call that the high price of electric car batteries continues to be one of the main hurdles for Tesla. TESLA’S PRIMARY BATTERY TECHNOLOGY IS BASED ON A BLEND OF NICKEL, COBALT AND ALUMINUM “The real limitation…
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