The surging cost of lithium could impact the electric vehicle market as the commodity is a major component for companies likeTesla Inc(NASDAQ:TSLA). Here's what Tesla CEOElon Muskis suggesting to help offset the rising price.
What Happened:A tweet shared recently from theTwitter Inc(NYSE:TWTR) account World of Statistics highlighted the rising price of lithium.
Lithium is now trading at $78,032 per ton according to the post. Here's a look at how that stacks up with recent years.
- 2012: $4,450
- 2013: $4,750
- 2014: $4,680
- 2015: $5,110
- 2016: $8,840
- 2017: $12,070
- 2018: $14,660
- 2019: $11,310
- 2020: $6,800
- 2021: $17,000
The post prompted a response from Musk, who said that Tesla could consider getting into...
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