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As This Lithium Stock Soars, Tesla's Strategy Is Far From Clear

Dan Caplinger, The Motley Fool
·3-min read
As This Lithium Stock Soars, Tesla's Strategy Is Far From Clear

Indeed, reports of potential interest in a lithium producer show the widespread belief that Tesla wants to secure as much lithium as it can now in order to ensure ample battery production capacity as it ramps up its Gigafactory vehicle facilities. One big winner among stocks on Tuesday was Sigma Lithium (NASDAQ: SGML), whose shares jumped 19%. Reports from Bloomberg suggested that Tesla might be looking at a potential takeover of Sigma, which produces lithium in Brazil.

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