Cobalt demand for 5G challenging EV’s needs,, page-11

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bluesamurai

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23/09/20

12:37

Post #: 47563305
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Originally posted by tankhexman: ↑

+1.05% Tesla Inc. unveiled battery innovations and increased efficiencies that appeared to underwhelm investors late Tuesday at its much anticipated “Battery Day.”Tesla stock’s TSLA, -5.59%, which had gained more than 4% after an upbeat post-shareholder-meeting presentation, turned south as soon as Chief Executive Elon Musk said that some of the innovations showcased at the event were “close to working” and some three years away from fruition.Shares were recently down 6.8% in the extended session.“It does work but not [yet] with a high yield,” Musk said, adding that Tesla has set up a pilot battery plant in Fremont, Calif., to work through the challenges, with production “ramping up.” There’s a “clear path to success but a ton of work from here to there,” Musk said.

Co battery in the hand is better than a" some" 3yr wait for a battery without IMO . Tesla hyperbole seems have impressed ASX if COB sp is an indication but not Nasdaq as the above report would seemed to suggest.

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Agree tankhexman, Pilot battery plant in Fremont, is a long way from a major change in cobalt involvement. Hopefully this will clear the air ,there are plenty of other players that have distinct plans that include cobalt. Remember cobalt’s main purpose in batteries is to alleviate the chance of fire. One mistake with these new batteries would sink Tesla’s ship & share price, nothing will be changed until they are completely proven IMO.

COB Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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