Telsa has come up a bunch in after-hours trade. Only 1% down now. Either way, Tesla is a portion of the lithium market, but it is not the entirety of the lithium market, and GXY, nor any other Aussie lithium startup, has known affiliation back to them.
Every car manufacturer is now pursuing hybrid, from Ferrari to Ford, and it's now the drivetrain technology moving forward in the ever lowering emissions game. Not to mention everyone from Ntulu in Liberia and Nicholai in Siberia is now starting at a device powered by lithium batteries. Market penetration is global, but full saturation still has a ways to go. Devices will be the status quo moving forward, and no alternative battery solutions are going to trump lithium any time soon.
GXY Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
