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Lithium Mining is a Hot Topic In Nevada Thanks to Tesla
Lithium mining is suddenly a hot topic in Nevada, where a local state senator is up in arms about a deal to import lithium from Mexico. Other sources exist.
Grid scale electricity storage concept via Tesla Energy
Lithium mining has become a hot topic in Nevada largely because of Tesla’s interest in sourcing lithium hydroxide, one of the main ingredients needed for Gigafactory scale production of lithium-ion batteries.
Tesla announced it had signed a deal with Canadian company Bacanora and British company Rare Earth Minerals towards the end of August. Bacanora is a minerals explorer, while Rare Earth Minerals owns Sonora Lithium Project. That partnership is designed to develop a “low-cost”, “sustainable” mining project in Northern Mexico based on clay deposits found in the region.
The Sonora mine does not exist yet, but could yield between 35,000 and 50,000 tons of lithium deposits annually. The deal will be extended and scaled up contingent on the mine’s ability to meet Tesla’s forecasts and actual output from its Gigafactory. The two Sonora project partners will need to find debt or equity to finance the operation and Tesla is permitted under the deal to participate in financing activities.
The state of Nevada has agreed to give Tesla almost a half billion dollars in tax incentives in order to lure the Gigafactory to the site north of Reno, which seems little enough considering the increase in economic activity the factory will bring to the state. But now, a Nevada politician, Democrat state senator Tick Segerblom, has tweeted, “Tesla to get lithium from Mexico – where’s Trump when you need him?”
tesla to get lithium from mexico – where's trump when we need him? $TSLA http://t.co/8NGT7OgjXp via @WSJ
— Tick Segerblom (@tsegerblom) August 28, 2015
That got the Las Vegas Sun involved. They contacted Elon Musk, who tweeted back that press interest in the story was “unwarranted” as the lithium deal was “not exclusive” and had “many contingencies”. He said that Tesla would “definitely” be interested in talking to local suppliers of lithium feedstocks. According to the Sun’s sources, developing lithium mines in the US is a lengthy process taking as much as 10 years, while lithium mining operations already located in Nevada are either too small or nearing the end of their planned lifetime.
@ScottLucasNV Lithium deal is not exclusive & has many contingencies. The press on this matter is unwarranted.
— Elon Musk (@elonmusk) September 2, 2015
Now up pops Nevada Sunrise Gold Corporation, which apparently is a played out gold mining operation. It announced on September 2nd that it has “entered into a letter agreement for an option to purchase” a site in Esmeralda County, which is in Nevada’s Clayton Valley. The company believes that area could hold lithium brine deposits in subterranean aquifers, based upon studies and reports made of the local area.
Meanwhile, researchers at the University of Wyoming report they have discovered an enormous supply of lithium at the Rock Springs Uplift, a geological feature in southwest Wyoming. Initial tests indicate the lithium-rich brine from a 25-square-mile area could contain 228,000 tons of the stuff. That’s enough to meet annual U.S. demand and is twice the amount available at Silver Peak in Nevada, which is the biggest domestic lithium producer today.
What has the University of Washington team excited is that the lithium at the Rock Springs Uplift can be processed more cheaply than the lithium found at other locations, due to a number of factors.
First, extracting the lithium from brine requires large quantities of soda ash (sodium carbonate). The Rock Springs Uplift site is located within 30 miles of the world’s largest industrial soda ash supplies, so the cost of transporting it to the production area will be minimal.
Second, magnesium must be removed from brine before it can be used for lithium recovery and that can be an expensive process. The brine from the Rock Springs Uplift reservoirs is lower in magnesium than at other sites. Less magnesium means less money to remove it.
Third, the brine must be heated and pressurized to release the lithium it contains. Because the Rock Springs Uplift brine is far underground, it is already at a higher pressure and temperature than brine at existing lithium operations. That factor may eliminate an expensive step in the process, resulting in significant cost savings.
The Chinese thought they had cornered the market for lithium when they locked up rights to much of the world’s lithium supply located in Bolivia a decade ago. But apparently, the demand has created interest in new sources of supply. Hopefully, all this interest in lithium will spur competition which could lead to lower prices. And that could spell lower battery prices for the electric cars and electrical storage batteries of the future.
Source: PV-Tech
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Elon Musk says this part of Tesla ‘makes no sense’
