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LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

16:20 CT – A longtime retail investor asks about Tesla’s plans to secure lithium supply. 16:08 CT – The shareholder now asks if Tesla would be open to extending its vehicle’s financing terms. Elon Musk notes that the banks are the ones that are deciding on its vehicles’ financing. It’s going well,” Musk said.

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Live Blog: Tesla (TSLA) 2021 Annual Meeting of Stockholders

Teslarati

Elon highlights that Tesla is limited with the supply chain shortages, and not just chips either. So even if the company produces the Semi and Cybertruck now, there won’t be any volume anyway since the supply chain is strained. The CEO also adds that Tesla’s finances should be even better, especially as FSD matures.

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UN report highlights urgent need to tackle impact of EV battery production boom

Green Car Congress

For example, two-thirds of all cobalt production happens in the Democratic Republic of the Congo (DRC). It has also contributed to environment degradation, landscape damage and soil contamination, groundwater depletion and pollution. This has forced local quinoa farmers and llama herders to migrate and abandon ancestral settlements.

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Volkswagen joins “Cobalt for Development” initiative

Green Car Congress

Volkswagen says that it is actively engaging in improving artisanal cobalt mining conditions in the Democratic Republic of Congo (DRC) as well as the living conditions for people in the surrounding communities. Artisanal mining involves risks to the environment and people.

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EGC enters trading agreement with Trafigura with the aim to transform the ASM cobalt mining sector in DRC

Green Car Congress

The trading agreement includes the provision of finance by Trafigura to fund the creation of strictly controlled artisanal mining zones, the installation of ore purchasing stations and costs related to the transparent and traceable delivery of cobalt hydroxide to Trafigura on an export cleared basis.

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BMW Group commissions study on sustainable lithium extraction

Green Car Congress

The aim of the University of Alaska-Anchorage and University of Massachusetts-Amherst study will be to investigate the impacts of lithium extraction on the hydrologic environment in Latin America. BASF SE is contributing to finance the study. Two-thirds of the world’s lithium reserves are found in Latin America.

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BMW Group, BASF SE, Samsung SDI and Samsung Electronics launch cross-industry project to support sustainable cobalt mining

Green Car Congress

As part of a cross-industry initiative, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics have launched a joint cobalt pilot project in the Democratic Republic of the Congo. This fully privately financed project seeks to pilot an approach to address challenges in artisanal mining.

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