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Elon Musk says Tesla open to buying a mining company

2022.05.10 22:26

Elon Musk says Tesla open to buying a mining company
FILE PHOTO: Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. REUTERS/Andrew Kelly

(Reuters) – Tesla (NASDAQ:TSLA) Inc is open to buying a mining company if producing its own supply of electric vehicle metals would speed up worldwide adoption of clean energy technologies, Chief Executive Elon Musk said on Tuesday.

“It’s not out of the question,” Musk told the FT Future of the Car 2022 conference. “We will address whatever limitations are on accelerating the world’s transition to sustainable energy. It’s not that we wish to buy mining companies, but if that’s the only way to accelerate the transition, then we will do that.”

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