Tesla & Other EV Companies Scramble to Secure Supplies for Battery Production
Global EV (electric vehicle) sales are rising at a fast pace and Tesla and other automakers are scrambling to secure supplies of key battery materials like cobalt and lithium.
The WSJ reported that Tesla was in preliminary talks with Glencore for a stake sale. However, the talks did not materialize. Glencore is the world’s largest cobalt producer and mines almost a third of...