💰 Tesla Confirms Plans to Build Lithium Refinery in Texas

TL;DR

Tesla Inc. is moving forward with plans to build a lithium refinery on the Texas Gulf Coast in a bid to gain more control over the supply chain for electric vehicle batteries.Chief Executive Officer Elon Musk confirmed the move Wednesday on a conference call in answer to an analyst’s question on progress developing the company’s new 4680 battery cell technology."

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