May 2, 2023

Elon Musk says he’s getting rid of rare Earth magnets in Tesla EVs

Posted by in categories: business, Elon Musk, sustainability, transportation

In a recent presentation, Tesla said that it was working to eliminate rare Earth magnets from its EVs over supply and toxicity concerns.

In a major move, Tesla is looking to rid its electric vehicles of rare Earth minerals, potentially eliminating the biggest environmental concern over the increasing number of EVs on the road.

The surprise announcement came during Tesla’s Master Plan 3 Investor event where the company outlined its business strategy for the next few years.


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