Friday, May 4, 2018

"BNEF Brief: Elon Musk's Warning on Cobalt Use"

From Bloomberg New Energy Finance:
Tesla said in a letter to shareholders it has slashed its reliance on cobalt for its Model 3 vehicle, while raising nickel content, and that its latest batteries already employ less cobalt than similar types already on the market. Elon Musk said on a conference call, "We think we can get cobalt to almost nothing." Bloomberg's Alix Steel talks with Bloomberg New Energy Finance Salim Morsy about Tesla's cobalt warning. (Source: Bloomberg)

If interested see also last August's "Batteries: Manufacturers Are Reducing the Amount of Cobalt Used In Electric Vehicles" and Feb. 2017's "Electric-car makers on battery alert as hedge funds stockpile cobalt"