Musk Tamps Down Speculation That Tesla Will Mine Lithium (2024)

Tesla Inc. is more focused on refining lithium than on mining the battery metal, Chief Executive Officer Elon Musk said, as the EV giant plans to begin refining production within a year.

See Also
Tesla signs a new agreement to secure lithium supply

The “limiting factor” is refining lithium, not actually finding it, as no country has a monopoly on deposits, Musk said Wednesday during the electric vehicle giant’s investor day.

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Musk Sees Lithium Refining Limitation as Tesla to Begin Output

Musk Tamps Down Speculation That Tesla Will Mine Lithium (2024)
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