Tesla Inc. (NASDAQ: TSLA) Likely Partnering with Canadian Mining Company for Low Carbon Nickel Supplies
According to a report, Tesla Inc. (NASDAQ: TSLA) is working on a collaboration with a Canadian mining company to help develop a mine that would provide Tesla a source for low carbon nickel that is used in its lithium-ion batteries. In the company’s mission statement presented by Elon Musk, it is stated that the company’s aim, apart from manufacturing eco-friendly cars, was to achieve environmentally friendly means of production. A recent report by the Financial Times revealed that Tesla was partnering up with Glencore, commodity miner and trader, to purchase cobalt. However, the electric car company still requires nickel, which…