Tesla in talks with BHP over nickel supply pact - Bloomberg News
Reuters
Published Oct 06, 2020 19:27
Updated Oct 06, 2020 19:45
(Reuters) - Tesla Inc (O:TSLA) is in talks with BHP Group (AX:BHP) about a nickel supply deal as the electric-car maker targets higher production and seeks to avoid a supply crunch, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Talks are held up on pricing and no final agreement has been reached so far between Tesla and BHP, the report added. (https://bloom.bg/3iG9mNz)
Tesla and BHP did not immediately respond to Reuters request for comment.
Earlier in July, Tesla Chief Executive Elon Musk, on a post earnings call with analysts, urged https://www.reuters.com/article/us-tesla-nickel-idUSKCN24O0RV miners to produce more nickel, a key ingredient in batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to Tesla's growth.
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Written By: Reuters
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