tesla's battery tech is unrivaled - lithium ion rechargeable battery

One of Tesla's biggest challenges's (TSLA -Get Report)long-
Long-term growth has nothing to do with the company's Model 3 production line in Fremont, California, and with competition from traditional automakers.
Instead, it has to do with pulling a chemical element that is a bit vague.
I'm talking about cobalt.
Historically, Cobalt has been a key ingredient in building high-rise buildings. energy-Lithium density
Like a battery used in an electric car.
In some battery chemistry, cobalt is the third in lithium chemistry. ion battery.
About half of the world's cobalt production is used for rechargeable batteries, and concerns about supply constraints and the environmental and human impact of cobalt mining make it a controversial component of electric vehicles.
Similarly, industry watchers point out that there is a disconnect between Tesla's lofty growth plan and its projected cobalt supply.
But Tesla CEO Elon Musk revealed earlier this spring that the battery in Model 3 uses less than 3% of cobalt, a fraction of other states --of-the-
Art battery chemicals are used.
Musk recently tweeted about Tesla's next
A generation of batteries will not use any elements: these numbers are consistent with the results of the Model 3 disassembly of one of Tesla's German luxury competitors.
The test found only 2.
The cobalt content in car batteries is 8%.
Panasonic's 2170 batteries in Tesla's Gigafactory in Nevada are designed by two companies, and the intellectual property behind them is reported to be unique to Tesla.
This difference between Tesla's battery technology and rival car companies may become more and more important, as electric vehicles account for a larger share of total car shipments;
Companies that use cobalt
As Tesla evades the rise in cobalt costs, the associated battery technology will be squeezed by material profits.
At the same time, Tesla's share price began a correction on Thursday afternoon after the company's share price rebounded almost uninterrupted from its share price low at Friday's close.
From a technical point of view, Tesla still looks bullish in all time frames.