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Tesla’s 3rd-largest individual shareholder suggests clever strategy for TSLA buyback

Teslarati

The third largest individual Tesla shareholder, KoGuan Leo, advised the company to buy back TSLA shares with its free cash flow. He argued that the Fremont Factory, Giga Shanghai, Giga Texas, and Giga Berlin were like “money printing machines.”. So Tesla can buy back cheap stocks now. . “We

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Tesla building permits reveal unannounced ‘Lithium Lab’

Teslarati

It’s no secret that Tesla has been diving head first into developing more dependable lithium supplies, even going as far as opening its own lithium refinery in Southern Texas. Tesla has applied for a set of building permits regarding a previously unannounced “Lithium Lab,” which is likely an upcoming R&D facility.

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Momentum Technologies licenses ORNL MSX process to recover metals from spent Li-ion batteries

Green Car Congress

a Texas-based materials science company that is focused on extracting critical metals from electronic waste, has licensed an Oak Ridge National Laboratory (ORNL) process for recovering cobalt and other metals from spent lithium-ion batteries. Momentum Technologies Inc., This technology recovers 99.9% —Preston Bryant.

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Researchers show economic, environmental and grid-resilience benefits of converting diesel trains to battery-electric

Green Car Congress

Improved battery technology plus access to cheap renewable electricity open the possibility of battery-electric rail. In diesel-electric trains, a diesel engine is connected to an alternator that then supplies electricity to electric motors connected to the locomotive axles. —Amol Phadke.

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Gas War: Biden Admin Decides Against Refilling Dwindling Oil Reserves, Citing High Prices

The Truth About Cars

The Biden administration has decided against purchasing oil for the Strategic Petroleum Reserve after promising to refill the nation’s emergency energy supply after it reached a 40-year low. Much of this hovers around the fact that oil companies were following suit and that a significant portion of the supply was sold to China.

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Could Sucking Up the Seafloor Solve Battery Shortage?

Cars That Think

The supply of metals like cobalt, copper, lithium, and nickel needed for batteries is already shaky , and soaring demand for the hundreds of millions of batteries in the coming decades is likely to trigger shortage and high prices. Some companies want to harvest metallic treasures from the sea.

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Opinion: Here’s what will send oil prices back up again

Green Car Congress

From June of 2014 until now, the price of a barrel of West Texas Intermediate (WTI) crude oil has fallen approximately 57 percent. There is no doubt that supply has increased. Supply alone, however, doesn’t determine price. The question we should be asking ourselves is not if oil prices will recover, but when they will.