While the idea of Tesla getting into mining is very exciting, the company would actually prefer it if it didn’t have to enter the industry. This is what Tesla CEO Elon Musk said during his recent interview with a Tesla fan.
While discussing Tesla projects in his interview on get stoned Podcast, Elon Musk was asked if the electric car maker’s mining aspirations are on the back burner. Surprisingly enough, Musk made it clear that Tesla does not actually want to get into the mining sector, in part due to its limitations.
“Well, we no You want to get into the mining industry or some kind of refining industry because the limitation, I think, is actually more. For example, with lithium, lithium is more revision from actual mining. So it is better to take the ore that contains lithium, and you have to refine it and turn it into lithium hydroxide used in the battery or lithium carbonate. It must be very pure. Otherwise, you could have a cell breakdown.
“You can’t have impurities in the cell because it would cause the cell to fail. So the challenge of having too many components in lithium-ion batteries is is being processed. It’s not the basic rarity of lithium. Lithium is very common. It is one of the most common elements on earth. “But you have to convert it to a first-class lithium battery, and that is where the choke point is,” Musk said.
Musk also explained that the number of smart, hard-working people who can be paid by Tesla to take on important projects is limited. So for Tesla, it would be best to take on the tasks that really make a difference in the company’s efforts to drive the transition to sustainability.
“So I hope we don’t need to get into the mining business. There are a finite number of smart, serious, working people who we can say, ‘work on this problem or work on that problem.’ So (if) we have people working on it. this is Problem, they can’t work on it who – which problem. There is no magic source for super talented people. We don’t sit down with our resources and say “I wonder what more we can handle?” “We kind of … focus on the things that really make a difference,” Musk said.
Interestingly, Musk mentioned in Financial Times Conference on the Future of the Car 2022 Back in May, it was “not out of the question” that Tesla would buy a mining company if producing its own supply of electric cars would speed up adoption of clean energy technologies worldwide. However, at the time, Musk gave the impression that Tesla wouldn’t enter the mining industry unless it really had to.
“It’s absolutely out of the question. We will address any constraints on accelerating the world’s transition to sustainable energy. It’s not that we want to buy out mining companies, but if that’s the only way to speed up the transition, we’ll do it,” Musk said.
While Musk’s latest comments can be interpreted as a retraction from previous statements, the CEO specified in May that Tesla was open to acquiring Existing mining company. This scenario is a little different from Tesla proactively entering the mining industry on its own even if alternatives were available.
Hear Elon Musk’s recent comments about mining below.
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