Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Tesla’s electric vehicle production and sales respectively grew to 145,036 cars and 139,300 units last quarter.


The American company announced on Oct 2 that it’s delivery efficiencies have kept improving, with inventory further declining in the third quarter. Tesla’s car production increased across all models last quarter, with 16,992 units of its Model S/X, increasing from 16,318 units produced in Q3 2019 and 6,326 in Q2 2020.


The company produced 128,044 units of the Model 3/Y in Q3 2020, up from 79,837 vehicles produced in the same quarter last year and from 75,946 units produced in the prior quarter.


The carmaker has also embarked on a project to increase the nickel content in its EV batteries, and on Oct 5 announced that it’s negotiating with producers in Brazil and Indonesia to secure the nickel volumes it needs for these batteries. Reports have predicted that nickel demand could rise by 1.4-18mn mt over the next decade because of EV batteries’ rising content.


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