Tesla is getting into the mining business, buys lithium claim on 10,000 acres in Nevada Hmmmmmmmmmmmmmmmmm....YOU THINK THEY GOT CASH ??????
CEO confirmed that it acquired a lithium claim in Nevada:
“We got rights to a lithium claim deposit in Nevada – over 10,000 acres.”
Nevada is known to have a large reserve of lithium that is still not being exploited in volume.
Lithium Americas is one of the companies most far along in the development of mining operations in the region.
Musk said that Tesla is planning to have a low impact on the environment that it is mining:
“We take a chunk of dirt in the ground, extract the lithium, and put the chunk of dirt back where it was. It will look pretty much the same as before.”
Tesla didn’t offer a clear timeline on getting its mining operations up and running.
However, it indicated that it plans to ramp up battery cell production to 10 GWh next year, 100 GWh in 2023, and 3,000 GWh in 2030.
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