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Tesla Seeks Tax Breaks for ‘First of Its Kind’ Lithium Refinery

  • Electric-car maker is considering sites in Texas, Louisiana
  • Musk has called lithium refining a ‘license to print money’
Updated on

Tesla Inc. is plotting a potential lithium refinery on the gulf coast of Texas, a move that would bolster the company’s battery-production efforts and further expand its footprint in the state.

The electric-car maker has told officials that it’s considering constructing a “battery-grade lithium hydroxide refining facility,” in Nueces County, according to a newly public application for tax breaks filed with the Texas Comptroller’s Office. Tesla pitched it as “the first of its kind in North America.”