Even if Elon is correct and lithium is everywhere, it will still require huge amounts of capital investment to extract it from hard rock, clay, the ocean, geothermal sources, brines etc. The key question is: who will make the necessary investment in new lithium sources AND WHEN will they do so??
The last time I checked, there was significant under-investment in new lithium mines which will result in a supply crunch in the next few years. Nothing Elon said today has changed that.
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