Lucky Musk: top related news
11.04 / 00:01
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Elon Musk Says Tesla Will Have To Start Mining Lithium
Elon Musk, the CEO of both Tesla and SpaceX, said in a tweet that his automotive company might mine and refine lithium due to the element's rising cost. Lithium is used to produce lithium-ion batteries, which are still the standard for rechargeable batteries in various consumer technologies, even though there are significant drawbacks to lithium-ion batteries. Such as the dangers of battery degradation, which can cause batteries to lose capacity and potentially combust. Lithium-ion batteries are present in everything from cell phones to electric vehicles. Musk suggests that Tesla consider becoming more involved in the mining and refining industry to combat inflation and increased costs.