EFE 2022 General Discussion, page-12

Hi,

A standard Tesla car requires 7kg of Lithium. This is at current prices US$300 per car. I believe the current average sale price of a Tesla is about US$50,000+.

Don't think a doubling of the Lithium price makes much of a dent into EV sales.

Tesla just increased prices for their cars by US$9000 because they can't keep up with demand. Profit margins at Tesla are 30%+.

I believe Lithium prices will continue their trend in 2022. Don't think their is any car battery that doesn't use Lithium.

So a doubling of Lithium prices from current levels is not a stretch during 2022 in my opinion.

Happy 2022.

K