Cybertruck: Musk needs mines

Tesla started deliveries of its much-anticipated Cybertruck late last year and while reactions to the triangle truck have ranged from ecstatic to enraged, no-one seems able to ignore the gleaming one-of-a-kind vehicle.

Buyers can add a separately installed range extender to get the truck close to the 800km driving range initially promised and qualify it for Biden administration’s $7,500There is no firm number on the pre-orders Tesla has received. A crowdsourced tally put it as high as two million – a figure that is now widely quoted in the press – while Musk confirmed it is over one million.

Easily doable and at current prices for these battery metals a bargain, even if you take into account yields all the way up and down the supply chain. Cell manufacture is notoriously tricky and as much as 30% of the raw material entering through the factory ends up as black mass. Under this scenario – still highly conservative given the immense interest in the Cybertruck – Tesla needs the entire nickel output of Glencore’s Murrin Murrin mine in Western Australia and over half its cobalt.

Natural graphite has been on its own wild ride – down some $300 from this time last year to the early $500s a tonne now.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cybertruck Goes Off-Road, Wheel Snaps OffScience and Technology News and Videos
Source: futurism - 🏆 85. / 68 Read more »

Elon Musk's Reported Drug Use Puts Tesla Board in a QuandaryElon Musk's history of drug use and ongoing consumption of ketamine is causing concern among Tesla board members. Shareholders have previously expressed dissatisfaction with the board and accused Musk of being distracted by his other commitments. The board now faces the challenge of deciding how to address the financial and legal risks associated with Musk's behavior.
Source: OakTribNews - 🏆 597. / 51 Read more »

Delaware Judge Throws Out Elon Musk's 2018 Pay PackageA Delaware state court judge has ruled that the 2018 pay package of Tesla CEO Elon Musk, which made him one of the richest people in the world, is invalid. Musk and the Tesla board failed to prove that the compensation plan was fair. The stock options Musk received as part of the package are worth $51 billion today.
Source: cnnbrk - 🏆 393. / 55 Read more »

Elon Musk says Neuralink implanted wireless brain chipThe company intends for such chips to eventually help tackle complex medical conditions.
Source: bbchealth - 🏆 143. / 63 Read more »

Taylor Swift joins Elon Musk in trying to silence student who tracks celebrity jetsTaylor Swift’s attorney sent a cease-and-desist letter threatening legal action over a college student’s jet-tracking social media accounts.
Source: verge - 🏆 94. / 67 Read more »

Like a crappy Rebel Alliance, Gina Carano is working with Elon Musk to sue DisneySeveral years after being fired from The Mandalorian, Gina Carano wants a court to force Disney to rehire her
Source: TheAVClub - 🏆 340. / 59 Read more »