Senin, 23 November 2020

Elon Musk is searching for his own lithium mine, is this it?

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When Tesla Worries That Its Lithium Supply Chain Is Drying Up, It's Time To Look At Lithium Stocks Again

Even in a pandemic investors are not abandoning Tesla. Since April 2019, its share price is up 104% despite the historic market crash.

That because Tesla's CEO, Elon Musk, is a visionary who is focused more on giant lithium-ion batteries that store energy. There is only one thing that can trip him up... a crippled lithium supply chain.

So, the urgency for Tesla today is to find a private source so as not repeat last year's problems.

That's when reports said that Tesla dramatically slowed down battery production due to a significant lithium supply chain problem.

Now, as he admits there's a huge world of competition, Musk wants to secure his supply chain by buying his own lithium mine.

Odds could be great that he's looking at this value-laden company with 68,000 acres in the famous Lithium Triangle


 









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