Tesla: more juice?

Photo credit © Reuters

( — You’re here still recovers nearly 3% before market on Wall Street on Monday, while Elon Musk’s group has signed contracts totaling five billion dollars with several Indonesian companies for the supply of nickel components for its batteries of electric vehicles, according to an Indonesian minister interviewed by CNBC. The American automaker has signed these deals with nickel processing companies in Indonesia. Southeast Asia’s largest economy has also reportedly tried to convince Tesla to set up a production plant in the country. According to Reuters, President Joko Widodo met Elon Musk earlier this year to boost investment. “We are still in constant negotiation with Tesla (…) but they have started to buy two excellent products from Indonesia,” Coordinating Minister of Maritime Affairs and Investment Luhut Pandjaitan said in an interview. airing this Monday on CNBC. He said Tesla had signed five-year contracts with nickel processing companies operating out of Morowali on the island of Celebes. The materials will be used in Tesla’s lithium batteries.

The titles You’re here, Rivian Where Lordstown are also progressing before market on Wall Street today following the adoption by the Senate of the bill for new tax credits for electric vehicles.


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