Five Companies That Could Win Tesla’s Giant Nickel Contract

October 29, 2020 13:05:10

Earlier in July this year, Tesla’s Elon Musk asked miners to mine more nickel. He pledged a “giant contract” for any firm that could mine nickel in an environmentally and economically sensitive way. Many speculate this to be an indication of Tesla upscaling its production of lithium-ion batteries. Forecasts show that Tesla may reach production of 5 million electric vehicles (EVs) by 2025.

So assuming each Tesla EV requires roughly 55 kilograms of nickel, and Tesla manufactures 5 million electric vehicles annually, the company…


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