Tesla might enter the mining business as it seeks to ensure that it can make enough batteries for future vehicles, CEO Elon Musk said on Tuesday. As Tesla increases vehicle and battery production, it will have to consider parts of the battery supply chain, like mining. "We might get into the mining business. I don't know," Musk said.
Tesla might enter the mining business as it seeks to ensure that it can make enough batteries for future vehicles, CEO Elon Musk said on Tuesday. As Tesla increases vehicle and battery production, it will have to consider parts of the battery supply chain, like mining. "We might get into the mining business. I don't know," Musk said.
And destroy our earth mining for those resources. No thanks.
That’s what $TSLA needs, more capital expenditures.
Or get a contract with $AVZ the worlds largest hard rock deposit😀
Backward integration for tesla’s supply chain in necessary for its survival. We have deposits of lithium here in Ghana. It wouldn’t be bad see Tesla’s African headquarters here in Ghana
CrowStu PLS
Bite more than you can chew.
Wait. I thought electric grew on renewable trees.
Well.... why not elonmusk? 💪🏻
Smart move, looks like they want to take everything in-house for max profitability.
Wow what a joke, Elon. Where's the insurance company you promised?
He still didn’t hear about ionic materials?
Ford, for example, did the same thing. Buy mines, sell mines. Buy commodities, sell commodities. In, out. Vertical, horizontal. Known as flavor of the day. Generally a waste of time.
Ok sure
More of a profit driven commercial strategy. Cut out the supplies of a key component of your manufacturing and go direct. Larger portfolio, more income, more profit.
Wow, I guess that brings a whole new meaning to the term 'vertical integration.'
Here we go boring