Even when assigning zero value to automakers’ non-EV business, Tesla’s valuation based solely on battery capacity deployed are multiples of Volkswagen, GM, BYD, Hyundai, Nissan and others.
Shares more than tripled after the mineral producer unveiled a $10.8 million deal for rights to a stake of as much as 64% stake in lithium battery recycling company Linico.
The pioneering project is led by the Camborne School of Mines with the Institute for Data Science and Artificial Intelligence at the University of Exeter.