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Mercedes breaks ground on new battery recycling facility in Germany
Mercedes has broken ground on a new battery recycling facility in Germany, focusing on “closing the loop” and allowing the automaker to source more battery materials sustainably.
Two of the biggest challenges in the industry of electric vehicles are the price of battery materials and what happens with batteries when they are at the end of their useable lives. Yet more and more manufacturers are finding that these two problems can help solve each other through the use of battery recycling. In efforts to source more materials more sustainably and cheaply, Mercedes has broken ground on its first battery recycling facility that will slowly ramp to help meet the automaker’s material demand.
Mercedes’ new facility in Kuppenheim, Germany, aims to achieve a remarkable 96% recovery rate for four key materials; lithium, cobalt, nickel, and eventually graphite. It will have an annual recycling capacity of 2,500 tons and aims to begin processing by the end of this year.
“This foundation symbolizes the decisive step towards closing the material cycle for batteries from Mercedes-Benz,” says Jörg Burzer, Member of the Board of Management at Mercedes-Benz. “With a recycling rate of more than 96 percent, a ‘mine of tomorrow’ is being created here in Kuppenheim. The innovative technology approach enables us to incorporate the valuable raw materials into new Mercedes-EQ vehicles. We are consistently expanding our expertise of the battery value chain and are taking an important step in our strategy towards ‘Electric Only.’”
Mercedes also specifies that the new facility will be 100% carbon neutral as part of the German automaker’s continuing efforts to decarbonize its production facilities in the coming years. This is achieved through a mix of solar energy installed at the facility and green energy purchased from the grid.
German regulators were quick to point out that the new facility will also be a vital part of the country’s efforts to limit dependence on rare earth imports, which were particularly affected on the European continent due to the COVID pandemic, COVID restrictions in China, and the Rissian invasion of Ukraine.
“This is of particular importance in view of the limited availability of important and highly sought-after raw materials such as lithium, cobalt or nickel,” noted Thekla Walker, Minister for the Environment, Climate Protection and the Energy Sector Baden-Württemberg. “Crises such as the corona pandemic or the brutal Russian war of aggression against Ukraine have clearly demonstrated our dependence on supply chains and primary raw materials. Increased recycling can help to reduce this dependence on critical raw materials and thus strengthen the resilience of the economy.”
Mercedes joins the likes of Tesla, General Motors, and many others, establishing battery recycling capabilities worldwide. Tesla has already announced that it would make recycled materials a bigger part of its production with the help of Redwood materials. General Motors has worked closely with Lithion to establish battery recycling as part of its planned introduction of numerous EVs in the near future. While at the same time, national governments are also incentivizing many of these projects to help reduce the waste that could become an issue in a wholly electrified future.
Late last month, the U.S. Department of Energy granted one of its first-ever lithium battery recycling loans to a battery recycler in Upstate New York, LiCycle. And with the growing need for this infrastructure, the agency is expected to continue to invest in the future.
As Mercedes rapidly grows the number of electric vehicles it sells globally over the coming years, battery recycling plants like this will be critical to its growth and success. Hopefully, it can pose as an example for other manufacturers moving forward, helping to make EVs increasingly more sustainable.
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Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
