Tesla Inc. (NASDAQ: TSLA) to Provide Technical Advice During Caledonian Nickel Mining

March 9, 2021 14:27:43

Last year, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk stated that he’d award a huge contract to any miner that could extract nickel in a way that was environmentally sustainable. Recently, Musk stated that his biggest concern was how to increase the supply of nickel, which is needed for electric vehicle (“EV”) batteries.

This is how Tesla came to be a technical adviser of a contentious nickel mine in New Caledonia. Last week, leaders in the French Pacific region decided to sell their stake in Vale to Prony Resources. Vale had been trying to find a buyer for the mine for more than a year, but the fact that New Caledonia…


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