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.