Tesla weighing takeover bid for Sigma Lithium - Bloomberg
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Sigma Lithium (NASDAQ:SGML)Â +25.5%Â post-market after Bloomberg reported Tesla (NASDAQ:TSLA) has been considering a takeover of the company.
Tesla (TSLA) has spoken to potential advisors about a bid for the battery metals miner, although no firm decision has been made, according to the report.
Sigma Lithium (SGML) is one of several mining options Tesla (TSLA) is exploring as it considers its own refining, the report said.
Sigma (SGML) and other lithium names fell sharply on Friday following a report that China's CATL, the world's largest EV battery maker, was offering discounts to Chinese carmakers.