Tesla (TSLA) is eyeing the prospect of building a lithium processing facility in Texas, as the company looks to take more control over key manufacturing components amid rising prices. Tesla stock was up on the news. X In documents submitted to the Texas Comptroller’s Office, Elon Musk’s electric vehicle giant is evaluating the facility — which would refine lithium hydroxide — on the Gulf Coast of Texas.

Tesla Stock: Company Considers Texas Lithium Refinery, As China Controls Global Capacity BitcoinEthereumNews.com comes via ChinaTechNews.com.