Video: Battery Day: Investor Updates with Galan Lithium - September 2020, page-29

Seriously it feels like every lithium investor in the world thought Elon was doing a deal with their company. So we had this hype in the lead up to battery day, and this drop afterwards because, unbelievably, that didn’t happen (PLL excepted... maybe).

Imo battery day was a shot across the bow of every other automaker saying “we’re going to price you out of the market with a cheaper, greener, faster, sexier EV than any ICE vehicle you can produce in 3 years from now, so pull your fingers out”.

I believe we’ll see the results of this over the coming months with more fast-tracking of EV programs from competitors. I believe the other takeaway for Tesla’s competitors is to consider their own future access to raw materials. And this will obviously be a boost for lithium sentiment as they will all scramble to secure their supply chains.

Imo Elon wants success for Tesla, but more than that he want to change the world for the better. And eliminating fossil fuel transport is part of that plan. This probably benefits Tesla in other ways too, because getting other automakers into the game means more lithium, nickel and cobalt demand, which will drive more mines into production and make it easier for him to access his raw materials. It will create a bigger market for these commodities rather than paying through the nose for a rarer product.