Tesla lithium deal with Northern Territory mining company falls over after deadline passes

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Core Lithium previously announced to the share market that the two companies had entered into an arrangement involving the potential supply of the mineral vital for electric vehicle production.

abc.net.au/news/nt-core-lithium-tesla-deal-not-secured/101585794The operator of the Northern Territory's newest mine has been unable to secure an agreement to supply electric vehicle manufacturer Tesla with a significant amount of lithium.The company has told the ASX a supply deal with Tesla is not going aheadThe product is a vital component used in lithium-ion batteries, including those found in electric vehicles.

"I want to thank Tesla for the time taken to negotiate with Core and look forward to maintaining an open and ongoing dialogue," Core Lithium chief executive Gareth Manderson said. Despite the lack of an agreement with Tesla, the company said it remained "well positioned" to take advantage of strong global demand for lithium, following the

 

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VS

So green.

Guess Musk has bled Tesla dry in his bid to be a media tycoon.

This is a real shame.

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