Nickel And Mining It: General Motors Could Soon Own A Stake In This Tesla Metals Supplier

 

Nickel And Mining It: General Motors Could Soon Own A Stake In This Tesla Metals Supplier

Electric vehicle leader Tesla Inc TSLA has dominated the EV sub-sector of the automotive industry for years. Among the items that may have helped Tesla most are its vertical integration and maintaining control over the supply of materials.

One of its key suppliers is the subject of an investment from a rival.

What Happened: Shares of Tesla have risen over 80% year-to-date in 2023. Part of the momentum in shares came from the company’s earnings report and guidance for vehicle growth.

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