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Tesla and the EV sector’s growth is driving up lithium, cobalt, and nickel prices
The electric vehicle revolution is fully underway. Led by successful vehicles like the Tesla Model 3, which are compelling alternatives to comparable internal combustion cars, EV sales are taking off. The momentum of EVs as a whole may hit some challenges soon, however, partly due to the rising prices of raw materials that are critical to the production of batteries.
The prices of lithium-ion batteries have seen a 90% decline to just about $130 per kWh. That’s very close to the widely targeted $100 per kWh level, which is estimated to be the point where EVs could become fully competitive with ICE cars in terms of cost. Expectations were high that the battery industry would hit $100 per kWh in 2024, but recent trends in the market suggest that this may not necessarily be the case.
Increasing EV Demand
Benchmark Mineral Intelligence, a company that tracks the worldwide battery supply chain, noted that lower costs helped boost EV sales by 112% in 2021 to over 6.3 million units globally from the previous year. And sales are only poised to increase. EV leader Tesla, which sold nearly a million pure electric cars on its own in 2021, is looking to grow its deliveries by 50% this year — and estimates among TSLA bulls suggest that the company’s growth might be even more impressive.
Benchmark Mineral Intelligence notes that battery-grade cobalt prices are up 119% from January 1, 2020 through mid-January 2022. Nickel sulfate prices saw a 55% rise in price, and lithium carbonate saw a whopping 569% increase. Benchmark Mineral Intelligence chief data officer Caspar Rawles, in a statement to The Wall Street Journal, noted that some battery cell makers that typically offered long-term fixed-price contracts have ended up shifting to a variable price model instead. This allowed them to pass on some of the costs of rising material prices to consumers.
What is quite unfortunate is that battery materials may remain in short supply for some time. China, which dominates the battery supply chain, is also aggressively increasing its electric vehicle production. And considering that it generally takes about seven to ten years to deploy a new mine, a lot of key battery components may end up being supply-constrained in the coming years.
Addressing A Supply Shortage
The rising prices of battery raw materials do not mean that the EV revolution would likely be slowed down, however. The battery recycling industry is now gaining some momentum, with companies like Redwood Materials — which is led by Tesla co-founder and former CTO JB Straubel — already preparing to sell recycled battery components to Panasonic for the production of battery cells at Tesla’s Gigafactory Nevada later this year. This helps foster a closed-loop system since Redwood also receives Panasonic’s battery scrap from Tesla’s Nevada facility.
Other initiatives that may help the auto sector weather the rising costs of battery materials involve a focus on batteries that use less expensive, more abundant components. Tesla China is among the companies that are at the forefront of this movement, with Giga Shanghai utilizing lithium iron phosphate (LFP) batteries for the Model 3 and Model Y. LFP batteries utilize iron in their cathodes instead of nickel and cobalt, making them less controversial and far more affordable.
And while LFP batteries typically result in vehicles with shorter range than cars equipped with nickel-based cells, tests from veteran electric vehicle owners in countries such as Norway are starting to reveal that iron-based cells are nothing to scoff at. Longtime EV advocate Bjorn Nyland, for example, recently conducted one of his 1,000-km tests in a base Model 3 equipped with an LFP battery that was produced in Gigafactory Shanghai. The vehicle performed amazingly despite the cold conditions and its relatively small 60 kWh battery pack.
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These Tesla Superchargers are free today for Earth Week
Canada and other countries are missing on the free Earth Week Supercharging map, while the U.S. state of California gets the promo at two sites.

Tesla has made several of its Supercharging stations free in markets around the world over the weekend, in order to commemorate Earth Day, which took place earlier this week.
On Friday, Tesla posted on its charging account on X that it would be offering free Supercharging across 30 select stations on Saturday in celebration of Earth Day and Week. The chargers are set to be free during daytime work hours, and they’re scattered in locations across Europe, North America, and the Asia-Pacific region.
Tesla also says it may have employees handing out “goodies” at some of the sites, though the company didn’t disclose what they would be.
“Closing out Earth Week with free charging at the following Superchargers on April 26th,” Tesla writes. “You might even catch some Tesla employees with goodies!”
In the U.S., the Supercharger stations offering free charging include two located in California, along with one each in Florida, Arizona, Illinois, and New Jersey. The company is also offering free Supercharging in Nuevo León, Mexico, in the city of Monterrey.
You can see the full list of free Supercharger locations below, along with the times the offer is still available on Saturday.
READ MORE ON TESLA SUPERCHARGERS: Tesla’s Hollywood Diner is finally getting close to opening
Tesla Superchargers offering free charging on Saturday, April 26
Europe (9:00 a.m. to 6:00 p.m.)
- Cork, Ireland
- London, UK – Gatwick
- Leeds, United Kingdom
- Aalborg, Denmark
- Rødovre, Denmark
- Espoo, Finland
- Tampere, Finland
- Löddeköpinge, Sweden
- Mantorp, Sweden
- Hamburg, Germany
- Hilden, Germany
- Köln – Carlswerk, Germany
- Dietikon, Switzerland
- Warsaw, Poland – Radzymińska
- Les Pennes-Mirabeau, France
- Montélimar, France
- Jamné, Czech Republic
North America (9:00 a.m. to 6:00 p.m.)
- Santa Monica, CA
- Kettleman City, CA
- Phoenix, AZ – East Mayo Boulevard
- Des Plaines, IL
- Fort Pierce, FL – Peters Road
- Mount Laurel Township, NJ – NJ-73
- Monterrey, NL
Asia-Pacific
- Singapore – Tesla Centre Toa Payoh (10:00 a.m. to 7:00 p.m.)
- Georgetown, Malaysia – Gurney Plaza (10:00 a.m. to 10:00 p.m.)
- Samut Prakan, Thailand – Mega Bangna – IKEA Carpark (10:00 a.m. to 10:00 p.m.)
- Mandaluyong, Philippines – Shangri-La Plaza (10:00 a.m. to 10:00 p.m.)
- Seoul Gangnam, South Korea – Construction Building Floor G (9:00 a.m. to 7:00 p.m.)
- Taipei, Neihu – Service Centre (9:00 a.m. to 7:00 p.m.)
Tesla’s Superchargers in North America opening to non-Tesla EVs
Along with allowing Tesla’s vehicles to charge at Supercharger stations, the company has slowly been rolling out access to other, non-Tesla electric vehicle (EV) brands in North America over the past several months. For example, Superchargers opened to Kia’s EVs in North America on Thursday, increasing the company’s chargers to the over 40,000 DC fast-charging stations and doubling the number of stations owners of the car brand can use.
Other brands with access to Tesla’s Superchargers include Kia parent company Hyundai, Ford, GM, Genesis, Lucid, Mercedes, Nissan, Polestar, Rivian, and Volvo, and Volkswagen and subsidiary Audi are the next brands in line to gain access.
Tesla also runs three-month Supercharger voting periods for owners to cast votes on where they’d like to see new Superchargers built, and the company recently opened its voting round for the second quarter along with revealing the winning locations from Q1.
Tesla Superchargers were over 10 times as reliable as these rivals
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Tesla Model Y and Model 3 still kings of Europe BEVs in March 2025: JATO
The Tesla Model 3 and Model Y remained the kings of Europe’s battery electric vehicle sector in March 2025.

Reports of Tesla’s death in Europe have been wildly exaggerated. This was recently highlighted by JATO Dynamics, which noted that Tesla’s decline in Europe actually slowed down in March.
As per JATO Dynamics data, the Tesla Model 3 and Model Y also remained the kings of Europe’s battery electric vehicle sector in March 2025.
Tesla Europe’s Q1 2025
Tesla’s decline in January and February 2025 in Europe has resulted in quite a lot of alarmist reports about the electric vehicle maker. While Tesla noted in its Q1 vehicle delivery report that its sales decline was mostly due to the changeover to the new Model Y, critics nonetheless argued that Tesla’s brand has been utterly destroyed by the politics of CEO Elon Musk.
A look at JATO’s recent report, however, suggests that Tesla is starting to show some recovery in Europe. While Tesla saw a 38% year-over-year decline in the first quarter overall, the company’s drop became less severe as the quarter ended. In January, Tesla Europe recorded a severe 47% drop, and in February, the company’s year-over-year decline dropped to 44%. In March, Tesla Europe’s year-over-year decline had dropped to just 30%.
Interestingly, Felipe Munoz, Global Analyst at JATO Dynamics, noted that the Tesla Model 3 became a valuable player in the company’s Europe numbers in March. “As the brand continues to deal with a host of PR issues in addition to the changeover of the Model Y, Tesla is now relying on the Model 3 to offset the losses,” Munoz stated.
Tesla Model Y and Model 3 Still Dominates
Granted, Tesla’s decline in the first quarter in Europe paved the way for Volkswagen to become the region’s top BEV seller for Q1. However, when it came to the sales of individual BEVs in the region, the Tesla Model Y and Model 3 remained unstoppable. What was especially interesting was the fact that the Model Y and Model 3 topped Europe’s battery electric vehicle rankings in March despite the vehicles seeing a year-over-year decline in sales.

The Model Y topped Europe’s best-selling BEV list in March with a total of 15,164 units sold. Following the Model Y was the Model 3, which saw a total of 12,500 units sold in March. The mass market Tesla siblings’ sales figures were notably higher than their closest competitors. The Volkswagen ID.4, which was ranked 3rd, only saw sales of 7,675 units, and the Volkswagen ID.7, the 4th-best-selling BEV in Europe in March, only sold 7,438 units during the month.
“Despite the controversy surrounding the brand’s CEO and the limited availability of the new Model Y, Tesla continues to perform well as the most popular EV brand in Europe. Its success, amid these challenges, provides an indication of what European consumers are looking for in an EV,” Munoz stated.
News
Anti-Elon Tesla sticker maker confirms some customers don’t disapprove of Musk
Some of Hiller’s customers may not necessarily disapprove of Elon Musk’s politics or his work with the Trump administration.

Amidst the ongoing controversies and campaigns against Tesla CEO Elon Musk, Hawaii-based entrepreneur Matthew Hiller has made a killing. Hiller is the man behind some of the most popular anti-Elon Musk stickers that have been spotted in Teslas over the past months.
But in a recent comment to NPR, Hiller shared something rather interesting—some of his customers are purchasing stickers even if they do not necessarily disapprove of Elon Musk.
Business Boom
In a comment to NPR, Hiller, who also works at an aquarium in Hawaii, noted that he listed his first anti-Musk sticker in his online shop MadPufferStickers in 2023. The sticker read, “I bought this before we knew Elon was crazy.” At the time, Hiller noted that Musk was “sort of becoming a bully and sort of pushing disinformation.” While Hiller actually considered buying his own Tesla in the past, Musk’s actions ended up disillusioning him from the company.
“I thought they were very cool. I liked the tech. I liked the fact that they were good for the environment… I mean, some things are more important than just tech, you know, like, I just don’t want to support someone who is so against who I am and what I believe. It was a choice and I didn’t want to be just confused for someone who supported him or agreed with him,” Hiller stated.
The entrepreneur’s sticker business saw a notable boost in recent months, especially following the election of U.S. President Donald Trump. Hiller has since expanded his sticker lineup, with popular ones like “Anti Elon Tesla Club,” “Elon is a dogebag,” and “Elon killed my resale value.” Hiller has sold about 70,000 stickers, magnets, and clings across his online shops on Amazon, Etsy, Redbubble, and eBay so far.
Surprising Clientele
With his business rising, Hiller noted that he has received orders from across the globe, allowing him to reach sales of $100,000 in one month. This was no surprise as Musk has become a controversial figure, not just in the United States but in several countries across Europe as well. When Musk performed his controversial gesture in January alone, Hiller recorded 500 sales in one day.
Most surprisingly, however, some of Hiller’s customers may not necessarily disapprove of Elon Musk’s politics or his involvement with the Trump administration through his work with the Department of Government Efficiency (DOGE). Hiller shared a transaction on his Etsy store to NPR, which involved a sticker that was ordered by a father to his son, who lived in Los Angeles.
“Occasionally, I get people on my Etsy store, they buy a sticker as a gift, and then they get to write a little note along with the gift to the recipient. And occasionally I read the notes and I see one that says like, ‘Happy birthday, from dad. This is to protect you on the mean streets of L.A.,’” Hiller noted.
The customer’s note is not surprising considering that Teslas have been subjected to a wave of vandalism attacks from people or activists who are critical of Elon Musk. The Tesla vandalism incidents, as well as Molotov and shooting attacks on Tesla stores, have been condemned by the Trump administration.
Not a Full-Time Gig
Despite his business boom, Hiller noted that he does not intend to leave his aquarium job yet, nor does he intend to sell stickers full-time. Thus, even if the Elon Musk controversies ended tomorrow, the entrepreneur noted that he would be fine.
“If it ended tomorrow, I’m totally fine. You know, I didn’t set out to do this. And it’s certainly not my business plan going forward. I mean, it’s not a really good business plan to bank on a billionaire just annoying people forever,” Hiller stated.
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