Tesla offers “giant contract” to responsible nickel miners

By Cecilia Jamasmie

Tesla (NASDAQ: TSLA) boss Elon Musk is calling miners to produce more nickel, a key ingredient in the batteries that power his company’s electric cars, and has offered a “giant contract for a long period of time” to any firm able to extracted it in an efficient, environmentally sustainable manner.

Musk noted on a second-quarter earnings call that the high price of batteries continues to be one of the main hurdles for Tesla’s expansion.

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