Nevada lawmakers frustrated by Tesla's Mexican lithium deal

Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LAS VEGAS (AP) — Electric carmaker Tesla has announced that it will obtain lithium for its batteries from two companies in northern Mexico, leaving Nevada lawmakers who approved major tax incentives for the company frustrated.

In 2014 the Nevada Legislature approved $1.3 billion in tax incentives for Tesla's Reno gigafactory.

The Las Vegas Sun reports ( ) that during legislative debates over the incentive package, there was speculation that Tesla would boost the state's lithium industry and purchase Nevada goods, but lawmakers are now saying they feel misled by the company.

Tesla founder Elon Musk says the deal with Bacanora Minerals and Rare Earth Minerals is not exclusive and that criticism for going outside of Nevada is unwarranted. He says Tesla is pursuing sources of lithium in the state.


Information from: Las Vegas Sun,

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast