Hyperdrive
Musk Sees Lithium Refining Limitation as Tesla to Begin Output
- Musk tamps down speculation that Tesla will mine lithium
- He sees iron-based batteries doing heavy lifting in EVs
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Tesla Inc. is more focused on refining lithium than on mining the battery metal, Chief Executive Officer Elon Musk said, as the EV giant plans to begin refining production within a year.
The “limiting factor” is refining lithium, not actually finding it, as no country has a monopoly on deposits, Musk said Wednesday during the electric vehicle giant’s investor day.