Musk, Tesla Have Secret Agreement to Secure a Key Element of EVs

Science & Technology
Published by
The Street

By Luc Olinga Russia’s invasion of Ukraine has exacerbated disruptions to automakers’ supply chains. Tesla (TSLA) – Get Tesla Inc Report dominates the electric vehicle industry. Its dominance has been reinforced by the Covid-19 pandemic, which has disrupted the supply chains of most companies and, in this case, car manufacturers. The situation was worsened by the Russian invasion of Ukraine and the resulting Western sanctions. This armed conflict has led to soaring prices for raw materials such as nickel, palladium and aluminum. The three elements help make catalytic converters, air conditione…

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