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10 Mind Blowing Facts About Tesla Motors (TSLA)

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Mind Blowing Facts About Tesla Motors (TSLA)

10 Mind Blowing Facts About Tesla Motors (TSLA)

On June 12, 2014, Elon Musk shocked the business world by revealing that Tesla Motors (TSLA) will not initiate patent lawsuits against anyone who uses their technology in good faith. This foresight by Tesla could help tip the auto industry away from gasoline and diesel engines towards more eco-friendly electric cars. The aftermath of such a mass consumer switch could also create a big opportunity for Tesla Motors and investors to profit.

With that in mind, we have assembled 10 mind blowing facts about Tesla. Our favourite? Even though CEO Elon Musk owns 23% of the company and is often credited with a great deal of the company’s success, it is often forgotten that he did not actually start the company. After his first investment in Tesla in 2004, he originally came on to the board of directors as chairman. It was not until the 2008 financial crisis that he came on as CEO.

Side note: It’s also pretty amazing that the tires and windshield wipers are the only parts that need regular replacement on a Tesla Model S.

Sources: Forbes, Quora, Mashable

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Ranked: The World’s Largest Lithium Producers in 2023

Three countries account for almost 90% of the lithium produced in the world.

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Voronoi graphic showing the top lithium producers in 2023.

The World’s Largest Lithium Producers in 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Three countries—Australia, Chile, and China—accounted for 88% of lithium production in 2023.

In this graphic, we list the world’s leading countries in terms of lithium production. These figures come from the latest USGS publication on lithium statistics (published Jan 2024).

Australia Leads, China Approaches Chile

Australia, the world’s leading producer, extracts lithium directly from hard-rock mines, specifically from the mineral spodumene.

The country saw a big jump in output over the last decade. In 2013, Australia produced 13,000 metric tons of lithium, compared to 86,000 metric tons in 2023.

RankCountryLithium production 2023E (metric tons)
1🇦🇺 Australia86,000
2🇨🇱 Chile44,000
3🇨🇳 China33,000
4🇦🇷 Argentina9,600
5🇧🇷 Brazil4,900
6🇨🇦 Canada3,400
7🇿🇼 Zimbabwe3,400
8🇵🇹 Portugal380
🌍 World Total184,680

Chile is second in rank but with more modest growth. Chilean production rose from 13,500 tonnes in 2013 to 44,000 metric tons in 2023. Contrary to Australia, the South American country extracts lithium from brine.

China, which also produces lithium from brine, has been approaching Chile over the years. The country increased its domestic production from 4,000 metric tons in 2013 to 33,000 last year.

Chinese companies have also increased their ownership shares in lithium producers around the globe; three Chinese companies are also among the top lithium mining companies. The biggest, Tianqi Lithium, has a significant stake in Greenbushes, the world’s biggest hard-rock lithium mine in Australia.

Argentina, the fourth country on our list, more than tripled its production over the last decade and has received investments from other countries to increase its output.

With all the top producers increasing output to cover the demand from the clean energy industry, especially for electric vehicle (EV) batteries, the lithium market has seen a surplus recently, which caused prices to collapse by more than 80% from a late-2022 record high.

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