Mask says it will overturn Donald Trump’s Twitter ban

Elon Musk arrives in the United States: Fashion-themed Met Gala anthology at the Metropolitan Museum of Art in New York City, New York, USA, May 2, 2022.Reuters file photo

Tesla said it is ready to buy a mining company if its own production of electric vehicle (EV) metals will accelerate global adoption of clean energy technology, CEO Elon said. Mr Musk said on Tuesday.

The EV industry has fueled doubts about whether Tesla will consider entering the mining sector and fears that it may not have enough lithium, nickel, copper and other metals to meet demand in the second half of the decade. It is growing overall.

“That’s not out of the question,” Musk told FT Future at the Car 2022 conference. “We will address the limitations of accelerating the global transition to sustainable energy. We do not want to buy a mining company, but if that is the only way to accelerate the transition. , Do it. “

Automobile giants have EV metal contracts with suppliers around the world, but the goal of producing 20 million cars a year by 2030 is what Musk called “a desire, not a promise.” It will require a much larger supply of metal. Last year, Tesla produced just under a million EVs.

Other automakers and executives, including Carlos Tavares, CEO of Tesla’s rival Stellantis NV, have warned that the automotive industry is facing a metal supply shortage.

Since Tesla has no experience with the time-consuming and labor-intensive work of building and operating a mine, industry analysts advise automakers to focus on buying existing operators.

Many in the mining industry say the cost of buying an existing metal producer is much cheaper than the $ 43 billion offered to personally buy Twitter Inc, a social media network earlier this year. ..

Tesla has lithium supply contracts with Ganfeng Lithium Co, Livent Corp, Albemarle Corp and others. The company’s lithium supply contract with Piedmont Lithium Inc PLL.O was suspended last year.

Tesla has nickel supply contracts with Vale and Talon Metals Corp.

Related article

Mr. Trump said that if Musk revives his account, he will “probably” not return to Twitter.

Trump said he wouldn’t return to Twitter if his account was revived after the acquisition of Mask.

Elon Musk acquires 9% stake in Twitter to become top shareholder

Twitter CEO told employees under the mask that the company will be in the dark in the future

The latest tech news delivered to your inbox

Read next

Don’t miss the latest news and information.

apply Inquirer Plus To access the Philippine Daily Inquirer and more than 70 other titles, share up to 5 gadgets, listen to the news, download as early as 4am and share your articles on social media. Call 8966000.

For feedback, complaints, or inquiries, inquiry. Mask says it will overturn Donald Trump’s Twitter ban

Back to top button