Manufacturing – Page 12523 – I wish I had more to offer

Elon Musk took Tesla’s Cybertruck for a weekend drive around LA

Sponsored Links So what is there to do after you win a defamation lawsuit? If you’re Elon Musk, apparently ride down the 405 in an electric pickup truck. Many people spotted the Tesla Cybertruck riding around Los Angeles this weekend, while celeb-watching sites like TMZ got footage of the CEO at Nobu on Saturday night… Continue reading Elon Musk took Tesla’s Cybertruck for a weekend drive around LA

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The U.S. Department of Justice’s Office of Overseas Prosecutorial Development Assistance and Training (OPDAT) and International Criminal Investigative Training Assistance Program (ICITAP) helps foreign governments combat corruption. OPDAT provides expert assistance and case-based mentoring to foreign counterparts to help develop justice systems that can effectively combat corruption in furtherance of U.S. national security. ICITAP helps… Continue reading International Anti-Corruption Day Observed by the Justice Department

@Nio: NIO Inc. Provides November 2019 Delivery Update

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@Nio: NIO Inc. Appoints New Chief Financial Officer

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@Nio: NIO Inc. Announces Strategic Collaboration with Mobileye to Bring Level 4 Autonomous Driving Vehicles to Consumers in China and Beyond

SHANGHAI, China, Nov. 05, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced a strategic collaboration with Mobileye, the global leader in the development of vision technology for Advanced Driver Assistance Systems (ADAS) and autonomous driving, and an Intel company, on the… Continue reading @Nio: NIO Inc. Announces Strategic Collaboration with Mobileye to Bring Level 4 Autonomous Driving Vehicles to Consumers in China and Beyond

@Nio: NIO Inc. Provides October 2019 Delivery Update

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@Nio: NIO Inc. Announces Management Change

SHANGHAI, China, Oct. 28, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced that Mr. Louis T. Hsieh has tendered his resignation as chief financial officer of the Company for personal reasons, effective October 30, 2019. The Company has commenced the search… Continue reading @Nio: NIO Inc. Announces Management Change

Tesla Getting Into The Mining Business Makes Sense

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Published on December 9th, 2019 |

by Johnna Crider

Tesla Getting Into The Mining Business Makes Sense

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December 9th, 2019 by Johnna Crider

Sean Mitchell has published his thoughts on YouTube as to why Tesla getting into the mining business makes sense. When Elon Musk first talked about Tesla going into the mining business, I got really excited, but my mind went off in another direction. I immediately envisioned a Tesla booth at a gem show with minerals in every color shaped like little Teslas. I am sure that’s not what Elon had in mind.

For Tesla as a company to make money, it needs to make sure it’s not spending too much, and one way of doing this is scaling up battery production and managing parts of the supply chain that need its leadership.

How are batteries made? What minerals are needed to make Tesla batteries, and would taking some of the elements of the batteries’ creation into Tesla’s own hands be cost-effective? This could make a lot of sense. Sean explains what Tesla already has down in this regard.

Sean believes that Tesla acquired Maxwell and Hibar so that it could control two-thirds of the production process. The last part it doesn’t have control over is the sourcing of raw materials such as copper, lithium, etc. Sean tells us that in his opinion, this is fundamental to Tesla reducing its cost in creating the battery packs. I agree.

In 2017, Kurt Kelty, former Tesla Senior Director of Battery Tech, gave a presentation in which he talked about how important it was to reduce the cost of making the batteries. How far into the battery supplies Tesla goes to make that happen is the question. Another thing we learn from Sean’s video is that nickel, not lithium, is the largest single raw material cost in high-energy-density Li-ion batteries. Nickel, cobalt, and lithium are all minerals that the cathode materials are made with.

His thought is that if Tesla is going to move toward becoming its own mining company, it will most likely do so around nickel, not cobalt or lithium. Also, when it comes to sourcing these minerals, Tesla is sourcing them ethically. It’s committed to sourcing responsibly produced materials, and it makes sure its suppliers provide a certification of origin as well as a description of risk mitigation practices. Tesla also performs onsite visits to try to ensure that no illegally mined or artisanal material enters Tesla’s supply chain. For more on the concerns in that regard, see this article.

My Thoughts On Sean’s Video
I fully agree with Sean and I wanted to provide some insight as well. I am a gem and mineral collector — I have a small collection (I even have a rare opal with trace amounts of uranium in it!) and got into this from my wire art. In fact, I tweeted some random minerals to Elon Musk before I seriously got back into writing. It was fun. He even told me once that his favorite mineral is iron pyrite, which is fool’s gold and oddly an actual ore of gold.

From my perspective, I can see other ways Tesla could bring in profits from the mines. It depends on what the mines actually produce, but there are cases where mines produce more than one mineral. This isn’t an idea just for Tesla, but also The Boring Company, which could make bricks of all the dirt from the tunnels to help with housing. Our planet is rich with minerals, and minerals are all popular collectors’ items.

People buy crystals, minerals, and gems for various reasons. If Tesla gets into the mining industry and ends up with minerals besides what it needs, it could sell them to wholesalers across the world that specialize in the sale of minerals or need them for other purposes.

When I had my store in 2016, I met a representative of a mine in Nigeria who brought me a variety of emeralds and tourmalines. He explained to me that many mines produce many minerals and that even though the owner of that mine solely wanted to focus on emeralds, he realized that the profits from other minerals were vast and started selling those as well.

All in all, if Tesla gets into the mining industry, it could not only save the company some money, but when you consider that Elon Musk is well known for revolutionizing industries he gets into, it would be interesting to see how Tesla influenced this one.
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About the Author

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”

Tesla is one of many good things to believe in. You can find Johnna on Twitter

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GM lends millions to Lordstown Motors with an option to buy back plant

CLOSE A banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors’ Lordstown plant Nov. 27, 2018, in Lordstown, Ohio. (Photo: John Minchillo/Associated Press) General Motors is making a $40 million loan available to Lordstown Motors Corp. to help the start-up buy GM’s shuttered plant in Lordstown, Ohio, and start building electric trucks. “The transaction… Continue reading GM lends millions to Lordstown Motors with an option to buy back plant

@Ford: Why Seeing Red on a Cold Day Could Help Improve the Range of Future Electric Vehicles

COLOGNE, Germany, Dec. 9, 2019 – Experts claim colour choices can influence our mood, our responses, even how many likes we get on social media. Now Ford is exploring how matching the right colour to different driving situations could extend electric vehicle range. The new battery-electric Transit Smart Energy Concept minibus uses ambient lighting to… Continue reading @Ford: Why Seeing Red on a Cold Day Could Help Improve the Range of Future Electric Vehicles