He is shooting himself in the foot.
As I understand it, there is 1 new major lithium development being built currently. The rest have been delayed.
The low lithium price and poor share prices of these companies has completely stifled investment. It's looking very likely that there will be a massive crunch in 2023.
If the new mines aren't being built today, then 2023 will be a second bull market as battery makers scramble for supply.
Musk is not helping himself at all, downplaying the importance of lithium.
|i|i|i day, page-107
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