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The Metal That Worries Tesla Most Is Getting Much Cheaper

  • Elon Musk said nickel was Tesla’s top concern for EV batteries
  • Tsingshan’s supply plan eases battery-grade deficit concerns
Tesla Model X SUV Assembly Inside A Tesla Motors Inc. Factory

Photographer: Jasper Juinen/Bloomberg

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Nickel tumbled after a major Chinese producer’s unexpected plan to add supply eased concerns about a structural deficit for the material that Elon Musk has said is the biggest concern for Tesla Inc. batteries.