You'd think he'd want a low cost acquisition, on one of the best Salar in the world with low impurities?
Hombre Muerto?
This is when all the BS is thrown out the window...
We need size and quality. Plus, low cost buy.
Even if he BUY someone else...Every other Li stock will get a massive kick because it will be a game of musical chairs for the car & battery makers...as they'll all follow Musk's lead and BUY their own supply.
There's 30+ car & battery makers and NOT that many proven quality Li assets going around.
This is where being on Hombre Muerto, the 2nd best salar in the world, comes in handy.
IMO
DYOR!!
https://www.*.com.au/elon-musk-says-tesla-might-get-into-mining-business-2019-6
TECH INSIDER
Elon Musk just said Tesla might get into the mining business to make sure it can make enough batteries for future vehicles
MARK MATOUSEK
JUN 12, 2019, 8:45 AM
- Tesla might enter the mining business as it seeks to ensure that it can make enough batteries for future vehicles, CEO Elon Musk said on Tuesday.
- As Tesla increases vehicle and battery production, it will have to consider parts of the battery supply chain, like mining.
- “We might get into the mining business. I don’t know,” Musk said.
- Visit Business Insider’s homepage for more stories
Tesla might enter the mining business as it seeks to ensure that it can make enough batteries for future vehicles, CEO Elon Musk said on Tuesday.
Musk said the electric-car maker’s ability to expand its product lineup depends on being able to produce a large number of batteries.
“There’s not much point in adding product complexity if we don’t have enough batteries,” he said.
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You'd think he'd want a low cost acquisition, on one of the best...
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