Tesla Targets Lithium Bottleneck, Aims To Undercut China: Investor Day Follow Up

Source: investors.com investors.com

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Tesla (TSLA) announced during Wednesday's investor day event short-term plans to develop domestic lithium refining capacity as the company looks to take more control over key elements of its supply chain. TSLA shares dropped Thursday as investors backed out of speculative betas made ahead of Tesla's investor day event. Lithium stocks also fell. X The global EV giant said Wednesday its Corpus Christi refinery should begin processing raw lithium by the end 0f 2023, with 50 gigawatt hour-per-year capacity. Headlines and investor chatter going into the Tesla investor day stirred some expectations for major announcements. Despite speculation of a possible...