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Tesla considers acquiring Sigma Lithium

Credit: Sigma Lithium

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Tesla is reportedly considering purchasing Sigma Lithium, a Brazillian lithium mining company, for an estimated $3 billion.

Tesla and its CEO Elon Musk have shown a continued interest in the extraction and refinement of lithium over the past five years. With the company’s exponentially growing demand for the substance, and its alacrity to vertically integrate, a corporate purchase of a lithium miner certainly is within its MO. But now, Tesla may be closer than ever to such a purchase, as Bloomberg reports that the automaker is exploring purchasing Sigma Lithium for $3 billion.

Sigma Lithium is one of the largest lithium extractors in South America, thanks in large part to what the company calls “the largest hard rock lithium deposit in the Americas.” Located in the South Eastern State of Minas Genrias, the massive mining operation has been in operation since 2018. Importantly to Tesla, Sigma’s proximity to the Atlantic coast means its extracted lithium can easily be shipped across the globe.

Credit: Sigma Lithium Website

Simga Lithium has not responded to Teslarati or Bloomberg regarding the potential sale, and representatives of Tesla CEO Elon Musk refused to comment to Bloomberg on what they called “rumors.”

Following the leak in information, shares of Sigma Lithium on the NASDAQ exploded by more than 25% in after-market trading.


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What makes the Sigma acquisition potentially highly attractive to Tesla, besides its proximity to the coast, is its growth potential. According to Sigma Lithium’s website, it plans to increase output to 270,000 metric tonnes of lithium annually, with the more distant goal of producing 766,000 metric tonnes of lithium annually in the coming years. Furthermore, with a nearby abundant supply of water and hydropower on the Jequitinhonha River, the operation can achieve this growth at a lower cost than other operations.

With the acquisition of Sigma Lithium, Tesla would only be a couple of steps away from a completely vertically integrated lithium supply chain. Tesla already produces its own battery cells, and with an upcoming lithium refining facility in Corpus Christi, Texas, raw lithium from Sigma’s operation in Brazil could help the automaker continue to tame battery costs.

With Tesla’s profit margins becoming the envy of the auto industry, we may see an ever-increasing number of automakers moving into lithium extraction and refining. However, with the expertise and property holdings that mining companies currently possess, this move could come at the astronomical cost of a corporate acquisition. It remains unclear if other automakers will follow in Tesla’s footsteps.

William is a shareholder in Tesla but does not control any shares of Sigma Lithium or its subsidiaries.

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What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!

Will is an auto enthusiast, a gear head, and an EV enthusiast above all. From racing, to industry data, to the most advanced EV tech on earth, he now covers it at Teslarati.

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I bought a Tesla without having home charging: how I make it work

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Credit: Tesla

I bought a Tesla without having perhaps the biggest advantage of owning an electric vehicle: home charging.

People told me it could be done, others said it eliminated the purpose of owning an EV. I knew I wanted a Tesla, and I knew I could probably get away with not having access to charging at home.

I traded my ICE vehicle for a Tesla Model Y: here’s how it went

The strategy I planned to use without having home charging was pretty simple: there’s a Supercharger a few miles away, and there’s also low-level charging at my local grocery store. The Model Y also came with a Mobile Connector, so there was another way I could charge in a pinch.

There are also some distinct advantages I have over others, including the fact that I do not commute to and from work, and I’m also situated only a handful of miles from things like the store and shopping, and most of my errands can be completed without driving more than 15 miles back and forth.

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A common misconception about being reliant on Supercharging is the cost. Many believe that Supercharging is so expensive that it costs about the same as buying gas.

However, there are many workarounds for that, some of which I have used weekly to save money and increase convenience.

Here’s how I’ve made it work, and how I suggest you can too:

Charge During Off-Peak Hours as Much as Possible

The biggest tip I have for those who choose to buy an EV but do not have access to at-home charging is the advantage that is off-peak rates.

At my local Supercharger, it costs $0.47 from 8 a.m. to 10 p.m., and just $0.18 from 10 p.m. to 8 a.m.

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That means if you can wake up a little earlier or go to bed a little bit later, you’ll save nearly three times the money. This is not to say that I never charge during peak hours, but I try to save the longer charges for off-peak hours, and it’s been a huge advantage for me.

One morning recently, I was at 9 percent and I charged to 90 percent. It only cost me about $11. Charging during peak hours, that same charge would have been roughly $26.

Tesla Supercharger access has proven to be a challenge for one company

In my Bronco Sport, going from 40 miles to a full tank, roughly 400 miles, would have cost me well over $40.

It’s not so bad either. The Supercharger I use is located at a Sheetz, so I’m able to go in, grab a coffee and a breakfast sandwich, charge, watch YouTube in the car, and sometimes, I even get to enjoy a nice sunrise on the way home.

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If I have to go at night, my Fiancè and I usually use the opportunity to spend time together. We’ll run over to the Supercharger, grab snacks, and watch whatever we’re binging on Netflix (right now, it’s Narcos).

Many people said that Supercharging would cost me more than filling up my gas car. According to my Tesla app, that simply isn’t the case.

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While I have been forced to charge during peak hours at times for about a month and a half, in about fifteen charging sessions, I’ve saved about $70. Over the course of a year, that would equate to over $800.

Utilize Other Charging Solutions

Although my Charging Stats above show that I’ve only used it 1 percent of the time, I have the advantage of free charging at my grocery store.

It is a Shell Recharge EV charging station, and there are two of them at the store. I used my J1772 adapter to charge, and it charges slowly at 11.5 kW.

However, it is great if you’re doing your shopping for the week and you’re stuck at the store for an hour or two. If you have one or two of these at your grocery store, just remember to be courteous and charge until you have a reasonable amount of range.

What I’ll Do Moving Forward

One ongoing effort has been pushing my leasing office to install a few EV chargers in our neighborhood. Because we rent, we are truly at the mercy of what the leasing office will allow and what they’ll do to make the lives of EV owners easier.

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I’m hoping to continue pushing the management company to a point that will eventually get EV chargers in the neighborhood, especially while I live here and for those who will live here after we leave.

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Tesla widens rollout of new Full Self-Driving suite to more owners

Tesla started rolling out Full Self-Driving v14 nearly two weeks ago, but it was a very controlled release that made its way to only a small group of owners who are part of the EAP.

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(Credit: Tesla)

Tesla is widening its rollout of the new Full Self-Driving suite to more owners, after it had been confined to those in the Early Access Program (EAP) for a couple of weeks.

Tesla started rolling out Full Self-Driving v14 nearly two weeks ago, but it was a very controlled release that made its way to only a small group of owners who are part of the EAP.

It seemed logical to keep things tight; v14 was Tesla’s first major FSD release in a year, and it featured a handful of new features, including a new, slower driving profile known as “Sloth,” and the ability to park in an area at the destination that was designated by the driver.

There were also other improvements, including parking garage navigation, yielding for emergency vehicles, better recognition and handling for road debris, and a more refined ride experience overall. So far, it has been the best FSD suite Tesla has rolled out, capable of more than any previous release.

However, it has only been available to that small group of EAP Tesla owners. Now, it appears Tesla is starting to roll out Full Self-Driving v14 to more owners for the first time with v14.1.2:

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Tesla rolled out FSD v14.1.2 for the first time last night, introducing further refinements to the initial two v14 iterations that were made available to owners, as well as the new Mad Max Speed Profile, which offers higher speeds during travel and more lane changes.

Tesla launches ‘Mad Max’ Full Self-Driving Speed Profile, its fastest yet

The first reviews of the Mad Max Speed Profile have been raving with positivity. Owners praise its ability to handle congestion and heavy traffic, as well as its decisiveness and reduced hesitation, which other Profiles have been noted for in the past two v14 releases.

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The expansion of the FSD suite, especially with this new version, will make so many owners happy, as the release has been slow, controlled, and exclusive. Now that it is making its way to more Tesla owners, we will see more refinements and features in the coming weeks.

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Investor's Corner

Barclays lifts Tesla price target ahead of Q3 earnings amid AI momentum

Analyst Dan Levy adjusted his price target for TSLA stock from $275 to $350, while maintaining an “Equal Weight” rating for the EV maker.

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Credit: Tesla China

Barclays has raised its price target for Tesla stock (NASDAQ: TSLA), with the firm’s analysts stating that the electric vehicle maker is approaching its Q3 earnings with two contrasting “stories.” 

Analyst Dan Levy adjusted his price target for TSLA stock from $275 to $350, while maintaining an “Equal Weight” rating for the EV maker.

Tesla’s AI and autonomy narrative

Levy told investors that Tesla’s “accelerating autonomous and AI narrative,” amplified by CEO Elon Musk’s proposed compensation package, is energizing market sentiment. The analyst stated that expectations for a Q3 earnings-per-share beat are supported by improved vehicle delivery volumes and stronger-than-expected gross margins, as noted in a TipRanks report.

Tesla has been increasingly positioning itself as an AI-driven company, with Elon Musk frequently emphasizing the long-term potential of its Full Self-Driving (FSD) software and products like Optimus, both of which are heavily driven by AI. The company’s AI focus has also drawn the support of key companies like Nvidia, one of the world’s largest companies today.

Still cautious on TSLA

Despite bullish AI sentiments, Barclays maintained its caution on Tesla’s underlying business metrics. Levy described the firm’s stance as “leaning neutral to slightly negative” heading into the Q3 earnings call, citing concerns about near-term fundamentals of the electric vehicle maker.

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Barclays is not the only firm that has expressed its concerns about TSLA stock recently. As per previous reports, BNP Paribas Exane also shared an “Underperform” rating on the company due to its two biggest products, the Robotaxi and Optimus, still generating “zero sales today, yet inform ~75% of our ~$1.02 trillion price target.” BNP Paribas, however, also estimated that Tesla will have an estimated 525,000 active Robotaxis by 2030, 17 million cumulative Optimus robot deliveries by 2040, and more than 11 million FSD subscriptions by 2030.

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