Exxon Mobil is in talks with Tesla and other automakers to become a lithium supplier
The Carter Center
For years Elon Musk has been urging entrepreneurs to get into lithium mining. It appears someone was listening, but it's not a start-up. Exxon Mobil, the oil and gas giant and a name synonymous with the fossil fuel industry is reportedly engaged in early-stage discussions with Tesla and other automakers, including Ford and Volkswagen, to become a supplier of lithium.
Lithium is a key component in electric vehicle batteries. Tesla recently broke ground on its own lithium mining operation to address the critical element. Now that a major oil player is getting in the game, it signifies a significant shift in Exxon's strategic outlook as it embraces the inevitable transition towards more sustainable energy sources.
Harnessing Lithium: Exxon's Answer to EV Growth
A report from Bloomberg states that Exxon has been actively exploring the lithium business to diversify beyond fossil fuels. Its recent initiative involves the development of over 6,100 acres of lithium-rich land in Arkansas in partnership with Tetra Technologies Inc. The oil giant's strategic venture into the lithium sector underscores its commitment to securing the assets needed for EV battery production.
This move isn't merely a diversification strategy for Exxon; it presents a timely response to the meteoric rise of the EV sector. The increasing adoption of EVs has amplified the demand for lithium, posing a significant challenge to Exxon's core oil production and refining businesses. In turn, Exxon seeks to secure its position by harnessing a vital resource in this emerging market.
The company's entrance into the lithium market is not just about survival but also about leveraging its industry expertise for new business opportunities. Exxon has been considering extracting lithium from underground saltwater. This method aligns with the company's extensive experience in oil and gas extraction while also promising to be more cost-effective and environmentally friendly.
A Turning Point in the Energy Landscape
While the details of the discussions remain confidential, Exxon's engagement with Tesla and other automotive heavyweights signals a remarkable convergence of interests. By teaming up with major automakers, Exxon is positioning itself as a critical link between traditional and renewable energy sectors. This cooperation could foster a mutually beneficial relationship that bridges the gap between these diverse energy domains, encouraging knowledge sharing and expediting the adoption of sustainable practices.
Though Exxon has yet to announce whether it will independently undertake lithium production or seek partnerships, its ambitious goal of extracting 100,000 tons of lithium annually attests to its commitment to becoming a significant player in the lithium business. The corporation is also reportedly in talks with other lithium market participants, including Albemarle Corp, further emphasizing its intent to become a leading figure in the EV revolution.
Exxon Mobil's potential collaboration with Tesla and other automakers represents more than a strategic pivot; it is an emblematic turning point in the energy landscape, marking an era where traditional oil companies and EV manufacturers might work hand-in-hand to accelerate the transition towards a more sustainable future.
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There’s been a spade of Cybertruck announcements that just came up all at once, so let’s see what the polygonal truck is up to in the month of November. We’ve got a variety of topics to cover, starting with some disappointing news about Tesla’s in-house wrapping services, which are being discontinued for the Cybertruck. But don’t worry — there’s plenty of good news to follow.
No More Tesla Wraps
Tesla no longer offers wraps for the Cybertruck as an option for US customers. Tesla began wrapping vehicles earlier this year but stopped offering wraps for the Cybertruck as of November 13th.
This comes after Tesla previously reduced the color options for Cybertruck wraps from seven to five. However, this isn’t too big of an issue—there are plenty of companies that specialize in vehicle wraps.
The reason Tesla stopped offering wrap services for the Cybertruck isn’t clear. Was there not enough demand? Did it take up too much time from technicians who are already stretched thin?
Given the long repair backlogs in the United States, it makes more sense to have service technicians focus on vehicle repairs rather than spending time wrapping cars.
Inventory Foundation Series
The Cybertruck Foundation Series is now available as an inventory vehicle in certain locations in the United States. That means you can pick up a Foundation-series truck with little to no delay.
Only a few trucks are currently in stock, but this will likely expand as Tesla continues to ramp production and begins to offer the non-Foundation Series trucks as inventory vehicles.
These inventory vehicles are only available in the United States. Canadian owners will still need to put down a deposit for a Foundation Series Cybertruck to get it soon.
Crossbars
Tesla has just announced it is offering a new set of crossbars for the Cybertruck. With a load rating of 200 lbs, it’s on par with roof racks for other trucks. These crossbars also come with mounting pads and quick releases. There are also slots for attaching ski racks, bike racks, or even cargo boxes, letting owners expand the truck's storage capacity.
Interestingly, the Foundation Series trucks can install the crossbars over the cabin or the truck bed, while the non-Foundation Series can only mount the crossbars over the truck bed. That isn’t the greatest news - because one of the best uses for these crossbars is protecting the cabin glass when you’ve got items like long wooden planks hanging over the roof of the truck. Maybe we’ll see more on this soon.
The mounting points for the Cybertruck's crossbars.
Not a Tesla App
Update: It turns out that you can, in fact, install the crossbars anywhere on a non-Foundation series vehicle. You’ll just have to pay for an additional roof applique, according to Wes Morril, Lead Engineer of the Cybertruck Program.
Faster Charging
Tesla announced updated versions of the V4 Supercharger, with a more powerful electrical cabinet that can charge the Cybertruck at up to 500kW. That’s an insanely fast speed—nearly 1,300 mi/hr of charging. This will come as part of a future update for the Cybertruck and as V4 Supercharger stations begin to be deployed.
That’ll make the Cybertruck the fastest-charging Tesla - even with its enormous battery.
Tesla has revealed its updated V4 Superchargers, which have a massive power increase and can charge vehicles at up to 500kW. The V4 Superchargers have been a work in progress. They were initially launched with a v3 cabinet, limiting their overall potential.
V3 and V4 Superchargers have been charging at 250kW for several years, but recently, Tesla started a public trial at some locations with Superchargers reaching power levels of 320kW. This speed bump out of the 250kW zone was our first indication that Tesla was looking to roll out improved charging speeds.
With these new V4 Supercharger cabinets, Tesla is ready to blow these numbers out of the water, however, not every car will be capable of charging at the new 500kW speeds. Fun fact: Tesla’s Superchargers first arrived with a charging speed of just 90kW.
V4 Supercharger Cabinet
The V4 Supercharger has been around for some time—it's the new one without a hole in the center. However, those were running with V3 or V3+ cabinets. Now, the V4 cabinet has arrived.
The V4 Supercharger cabinet knocks that 320kW V3+ right out of the park. It can put a massive 500kW into the Cybertruck—currently the only vehicle that can use that speed. And that 500kW works out to a blistering 1,300 mi/hr for the Cybertruck — nearly 2100 km/h of charge speed.
Part of these charging improvements come from the Cybertruck’s 800V system, so we can’t expect all these charging improvements to roll out to older vehicles. Instead, we can expect the upcoming Model Y Juniper Refresh to likely also arrive with an 800V system, with all the experience and knowledge Tesla has gained from the first year of the Cybertruck.
If the new Model Y achieves charging speeds comparable to the Cybertruck, it could deliver remarkably fast charging times. Being lighter and more efficient than the Cybertruck, the Model Y could achieve a significantly higher miles-per-hour charge rate at the same 500kW charging speed.
These new V4 chargers will support vehicles with 400-volt and up to 1,000-volt vehicle architectures, so people with non-Tesla EVs that support 1,000 volts will also see some drastic charging improvements.
In its brief video, Tesla also showed off the updated V4 Megacharger dedicated to the Tesla Semi. The new MCS system can pull up to 1.2 Megawatts, which is 1,200 KW of pure power via the MCS connector for the Tesla Semi and its massive battery pack.
This upgrade for the Semi is going to be big, making it a prime option for companies looking to do short—and medium-haul trucking—nearly 90% of the trucking in North America.
V4 Supercharger Rollout
The rollout of V4 Superchargers will start early next year, with the first sites already undergoing permitting. Most interestingly, Tesla’s new V4 cabinet has also reduced the complexity of the Superchargers even further.
The V4 cabinet powers 8 posts, which is 2x more than the V3 cabinet. A smaller footprint and less complexity mean faster installations, which means more V4 sites faster.
These new Superchargers have the potential to ease congestion and help eliminate the negative perceptions of slow EV charging.
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