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Will Tesla Pull An AMC And Invest In Mining Companies? Here's What Elon Musk Suggested

Benzinga Real-time News ·  Apr 10, 2022 16:36

The surging cost of lithium could impact the electric vehicle market as the commodity is a major component for companies likeTesla Inc(NASDAQ:TSLA). Here's what Tesla CEOElon Muskis suggesting to help offset the rising price.

What Happened:A tweet shared recently from theTwitter Inc(NYSE:TWTR) account World of Statistics highlighted the rising price of lithium.

Lithium is now trading at $78,032 per ton according to the post. Here's a look at how that stacks up with recent years.

  • 2012: $4,450
  • 2013: $4,750
  • 2014: $4,680
  • 2015: $5,110
  • 2016: $8,840
  • 2017: $12,070
  • 2018: $14,660
  • 2019: $11,310
  • 2020: $6,800
  • 2021: $17,000

The post prompted a response from Musk, who said that Tesla could consider getting into...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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