'This matters for @Tesla -- Atlantic has a deal to supply lithium to @PiedmontLithium, which plans to use that lithium to supply Tesla until its own North Carolina mine opens. $TSLA $PLL #lithium' -Reuters Reporter Tweet
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Atlantic has signed a deal to supply lithium to Piedmont Lithium, which in turn plans to supply Tesla with lithium until Tesla's own North Carolina mine opens.
August 07, 2023 | 5:31 pm
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POSITIVE IMPACT
Piedmont Lithium will be supplying lithium to Tesla, sourced from Atlantic, until Tesla's own mine opens.
The deal with Tesla could boost Piedmont Lithium's revenues and visibility in the short term. The company's role as a supplier to a major electric vehicle manufacturer like Tesla could positively impact its stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Tesla is set to receive lithium supply from Piedmont Lithium, sourced from Atlantic, until its own mine opens.
The deal ensures a steady supply of lithium for Tesla, a key component for its electric vehicle batteries, until its own mine is operational. This could positively impact Tesla's production capabilities in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80