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Tesla shows foresight with undisclosed nickel supply deal with Vale: report

Teslarati

Even before Russia’s invasion of Ukraine, nickel was already experiencing a rise in cost. But following Ukraine’s invasion, the price of the material saw an even more drastic rise. In early March, nickel prices surged above $100,000 per metric ton on the London Metal Exchange, prompting a trading halt. .

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Tesla holds highest average transaction price increase in 2022, Musk warns of ‘inflation pressure’

Teslarati

Last night, CEO Elon Musk indicated both Tesla and SpaceX were experiencing incredible pressure from inflation, which would likely increase the costs of its products. KBB data displayed the average transaction cost of every major automaker in January and February 2022. AAA data has the average cost of a gallon of gas in the U.S.

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Tesla Model 3 and Model Y receive latest round of price increases in US and China

Teslarati

With the latest round of price adjustments, the cost of the Model 3 Long Range Dual Motor in the United States has increased from $50,990 to $51,990 before options and incentives. Morgan Stanley analyst Adam Jonas has warned that the rising cost of nickel would likely result in electric vehicles like Teslas seeing a price increase.

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Tesla says ‘nearly half’ of the vehicles it produced in Q1 equipped LFP batteries

Teslarati

Prices for raw materials, especially nickel, soared as the War in Ukraine raged on. Nickel costs skyrocketed following a short squeeze on Nickel on the London Metals Exchange, which shot the cost of a metric ton of the metal up $70,000, from $30,000 to $100,000.

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Tesla’s years of battery tech investments are becoming a buffer against nickel’s rising costs

Teslarati

This timeframe seems to have been accelerated by Russia’s invasion of Ukraine. . Thus, when Russia was hit by sanctions due to its invasion of Ukraine, the markets reacted. Nickel prices rose so much that the London Metal Exchange canceled trading for the material for more than a week.

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Nickel expert calls on Musk, Farley, others to demand Nickel sourcing in North America

Teslarati

Following a short squeeze on Nickel on the London Metals Exchange, the cost of a metric ton of the metal surged $70,000. ” Nickel is highly-available in Russia, which has had numerous sanctions set by the United States and other governments due to the invasion of Ukraine.

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We Need More Than Just Electric Vehicles

Cars That Think

The total cost of purchasing and driving one—the cost of ownership—has fallen nearly to parity with a typical gasoline-fueled car. Although EV battery costs have fallen dramatically over the past decade, the International Energy Agency is projecting a. EVs have finally come of age. passenger vehicles.