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The banks have been doing their rounds of FUD around EVs and...

  1. 595 Posts.
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    The banks have been doing their rounds of FUD around EVs and lithium. Its true.
    A bank investment manager was telling me lithium batteries were all bound to go up in flames, not a matter of if but when. He told me every negatives that was being reported. He asked what I would do if an EV was not near a charging station.
    Me: plug into a wall socket. As for fires, four EVs reported to have burned. Three hundred ICEs have burnt in the same time gone unreported in media. Lithium batteries are all around in homes, pockets and gardens.
    Bank: what? Is that posible? Plug in anywhere?
    Me: just like any electrical devices, phone, toothbrush, laptop, power tool.
    Bank: what about service?
    Me: press upgrade download. Service can come to you like mobile mechanics.
    Bank: But its expansive.
    Me: A sixty year old drove around Australia for $90. Tesla charging stations are free, depending on contract. Try doing that in a patrol, land cruiser.
    Bank: so cheap. tell me more.
    Me: cargo ship are going electric using GPS.
    Bank: off cause. Never thought of that.
    Bank: Tesla not making profit.
    Me: That cost is called capex. Setup cost. Ford and GM setup cost was in the early 1900s and still struggle with profit. Tesla is ten years old and out selling the existing makers.
    Bank: Never thought of that. That is very informative. Thats why they call it white oil. Would like to introduce you to a specialist lender.

    It is estimated $12-14b US of investment is needed now to meet demand by 2025. That amount is not there right now. If starting today, it will take three years for production to begin in 2023. By 2020 all the so called excess will have been absorbed. 2021/2022 the supply at mine will not be there to fill the early EV models that is being planned for production. The deciding year is 2019. Are you worried SP will go lower or expect SP to be much higjer 2020/2021. Everyone financial situation is different. FMG, a2m, Apple, microsoft etc all went through the same.
    Panasonic has said with model y, there will not be enough batteries. Add the pickup, semi and factory3. This is just one maker. Now add the rest of names you can think of. The banks and hedgegunds have been doing the dirty on everyone. This suits the Xi corporation just fine as it buy more lithium assets.
 
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