Why Tesla getting into the mining business makes sense
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This is about more control over the entire production process from beginning to end
Today date Tesla relies on Panasonic to source raw materials, refine raw materials, produce battery cells in their facilities, then pass them off to Tesla to make battery packs.
We know that Tesla has been making moves to produce their own batteries with acquisitions of Maxwell and Hibar.
The last remaining piece of the puzzle is sourcing raw materials and the refinement of them.
Nickel is the single largest raw material.
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Tesla's Battery Exec Kurt Kelty Talks About The Gigafactory: https://youtu.be/s73nWTefuUM
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