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Tesla (TSLA) CEO Elon Musk this past week reminded investors of a growing challenge in the US when it comes to the electric vehicle industry â securing refined lithium for EV batteries.
"The choke point is much more on refining capacity than it is on mining. Lithium is actually is very common throughout the world, including in the US," Musk said on Tesla's earnings call. "It's much more a question of where is the refining capacity and can the refining capacity keep up."
Musk highlighted T...
>>> Read more: Elon Musk urges entrepreneurs 'please refine lithium' as EVs face choke point
"The choke point is much more on refining capacity than it is on mining. Lithium is actually is very common throughout the world, including in the US," Musk said on Tesla's earnings call. "It's much more a question of where is the refining capacity and can the refining capacity keep up."
Musk highlighted T...
>>> Read more: Elon Musk urges entrepreneurs 'please refine lithium' as EVs face choke point
