Why Is Elon Musk Buying This Rare Metal Hand Over Fist?
Elon Musk relies on one crucial resource: lithium.
Lithium is the "fuel" in the batteries that power Tesla Motors Inc (NASDAQ:TSLA) cars. Commodity prices from crude oil to iron and copper have dropped all worldwide. But there is one notable exception: lithium. The price of lithium has tripled over the past year. (Source: "Lithium price on the rise," The Financial.
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Elon Musk relies on one crucial resource: lithium.
Lithium is the "fuel" in the batteries that power Tesla Motors Inc (NASDAQ:TSLA) cars. Commodity prices from crude oil to iron and copper have dropped all worldwide. But there is one notable exception: lithium. The price of lithium has tripled over the past year. (Source: "Lithium price on the rise," The Financial.
Den vollständigen Artikel lesen ...