Electric car maker Tesla is known for its cutting-edge technology, and its latest innovation is sure to shake up the lithium mining industry. Tesla has developed a new process for extracting lithium that is far cheaper and more efficient than current methods.

Lithium is a key component in the batteries that power electric vehicles, and the demand for the metal is rapidly increasing as the EV market grows. However, extracting lithium from the earth is a costly and energy-intensive process. Tesla's new process could cut the cost of lithium extraction by as much as 50%.

The process uses a new chemical compound that is able to bind with lithium more effectively than current methods. This means that less energy is required to extract the metal, and fewer harmful chemicals are used in the process.

This is good news for the environment and for the electric car industry, which is already under pressure to reduce its greenhouse gas emissions. With this new process, Tesla is leading the way in making electric cars even more sustainable.