Tesla Inc on Monday broke ground on a Texas lithium refinery that CEO Elon Musk said should produce enough of the battery metal to build about 1 million electric vehicles (EVs) by 2025, making it the largest North American processor of the material.
"We intend to continue to use suppliers of lithium, so it's not that Tesla will do all of it," Musk said.in South Carolina that will refine 100,000 tonnes of the metal each year, with construction slated to begin next year and the facility coming online sometime later this decade.
"You could live right in the middle of the refinery and not suffer any ill effect. So they're very clean operations," Musk said, although local media reports said some environmental advocates had raised concerns over the facility. While Musk boasted that the company had developed a proprietary process to sustainably produce lithium from those Nevada clay deposits, Tesla has not yet deployed the process.
"We're begging you. We don't want to do it. Can someone please?," he said during a conference call last month.a recent plunge in prices of lithium and other commodities would aid Tesla's bruised margins in the second half of the year.there from California in 2021. Musk's other companies, including like SpaceX and The Boring Company, also have operations in Texas.
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