News

Tesla has reportedly abandoned a plan to buy a mining company in Nevada

Deal talks around Tesla acquiring Nevada-based mining company Cypress Development Corp. have fallen through, Bloomberg first reported. As the company shifts its plan, it now has the rights to mine Lithium on its own in the state, according to the report. The automaker has access to 10,000 acres of “lithium-rich […]
Tesla has reportedly abandoned a plan to buy a mining company in Nevada
Markets

Tesla 5-year sales agreement spurs 395% surge in Piedmont Lithium

Piedmont Lithium, an Australia-based mining company, surged as much as 395% on Monday after it signed a five-year sales agreement with Tesla. Piedmont entered a binding sales agreement with Tesla to provide it with spodumene concentrate, a lithium mineral typically derived from pegmatite rock. The deal will likely help Tesla […]
Tesla 5-year sales agreement spurs 395% surge in Piedmont Lithium