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📈   Tesla shows strong earnings, Arkansas lithium reserves hold promise

technology

Recent developments in the electric vehicle (EV) sector highlight a dynamic landscape. Tesla's third-quarter report revealed unexpectedly robust earnings and a projected slight growth in vehicle deliveries, countering earlier expectations of decline, as it achieved profitability with its Cybertruck model—an important milestone for the company amid fierce competition from Chinese firms like BYD [39]. Concurrently, researchers from the U.S. Geological Survey discovered potentially vast lithium reserves in Arkansas, estimated between 5 and 19 million tons. This critical finding could significantly bolster U.S. lithium production for EV batteries, essential for facilitating the ongoing shift from fossil-fuel vehicles [38][20]. As demand for EVs grows, questions about supply chain reliability, cost, and environmental impacts are paramount, particularly in the context ...

Helium Trades     Oct 27, 2024