Tesla considering lithium refinery in Texas, seeks tax relief ...Egypt

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Tesla considering lithium refinery in Texas, seeks tax relief
CNN Business — Tesla (TSLA) Inc (TSLA) is considering setting up a lithium refinery on the gulf coast of Texas, as it looks to secure supply of the key component used in batteries amid surging demand for electric vehicles. The potential battery-grade lithium hydroxide refining facility, which Tesla touted as the first of its kind in North America, will process “raw ore material into a usable state for battery production”, the company said in an application filed with the Texas Comptroller’s Office. A decision to invest in Texas will also be based on the ability to obtain relief on local property taxes, Tesla said. Chief Executive Officer Elon Musk has previously said that Tesla may have to e

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