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Tesla's plans to phase out some rare earth components from future vehicle models like the Cybertruck or Cybercabr highlight an ongoing effort to reduce dependency. However, as George John Rigas from Canaccord Genuity emphasized, the reliance on rare earths isn't limited solely to vehicles; they are embedded in many facets of modern life and industrial processes.
For Tesla's growth, particularly in robotics where actuators—and therefore magnets—are critical, access to rare earth minerals remains vital. The company’s innovation and future expansion heavily depend on the supply and technology surrounding these materials.