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Tesla shares: Company considers Texas Lithium Refinery, as China controls global capacity

September 10, 2022
Source: kignews.com kignews.com
News Snapshot:
Tesla ( TSLA ) is eyeing the prospect of building a lithium processing facility in Texas, as the company wants more control over key manufacturing components amid soaring prices. Tesla shares rose on the news. X In documents sent to the Texas Executive Office, the electric vehicle manufacturing giant of Elon Musk is evaluating the facility – where lithium hydroxide will be refined – on the Texas Gulf Coast. Reuters first reported on the submission of the documents. Tesla says the facility will develop “battery-grade lithium hydroxide” and process “raw ore material into a state that can be used to...
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