A large canyon separates Elon Musk’s dream of converting all drivers to electric vehicles (EVs).
The lithium supply gap.
Last week, CNN reported a “severe” shortfall of battery packs, made with new technologies on new production lines. Tesla Motors (NASDAQ: TSLA) needs a steady stream of lithium in order to meet its growing line of orders.
The timing came in conjunction of the happy announcement of the delivery of increasingly affordable Tesla Model 3, expected to hit roads later this month.
In order to meet the demand growth, Tesla knows the lithium gap must be bridged—and fast.
EV demand is rising in many places of the world, including Norway, where more than a third of all new cars are either fully electric or plug-in hybrids.
Though there is lithium production in the United States already, there isn’t much of …View the full post at: On the Eve of the Tesla (TSLA) Model 3 launch, Battery Shortages Loom and Lithium Hits Record Prices …
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