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Tesla Stock: Company Considers Texas Lithium Refinery, As China Controls Global Capacity | Investor's Business Daily

September 10, 2022
Source: investors.com investors.com
News Snapshot:
Tesla ( TSLA ) is eyeing the prospect of building a lithium processing facility in Texas, as the company looks to take more control over key manufacturing components amid rising prices. Tesla stock was up on the news. X In documents submitted to the Texas Comptroller's Office, Elon Musk's electric vehicle giant is evaluating the facility — which would refine lithium hydroxide — on the Gulf Coast of Texas. Reuters first reported on the filing of the documents. Tesla said the facility would develop "battery-grade lithium hydroxide" and process "raw ore material into a usable state for battery production," the...
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