|i|i|i day, page-138

Everyone still banging on about tesla's magic cake mix. I doubt Tesla will go into mining from a go it alone perspective (my call). Tesla are panicking, hence their irrational statements. IMO, Elon has warned the upstream, if you want to mess with my growth strategy, we will have to do something about it, but we really don't want to, please build new capacity.

Stop listening to that little screaming idiot standing on you right shoulder, and listen to calm and rational one on your left, he/she is saying this;

If Tesla must do something about it, they will buy a proven operating mine, or part thereof. They see deficits by 2022, therefore risks that giga Texas and Berlin will be sitting idle, or running significantly below capacity, potentially eroding the lead Tesla currently have over the competition.

Tesla is no longer the only game in town, the EV competition is coming in earnest in 2021 and beyond. Therefore, securing battery chem supply is not so easy anymore (less choice regarding required volumes). On that note, it appears Tesla have done what most of the OEM's have done, that is, relying on the upstream cathode/chem producers to secure the necessary raw material supply to meet their diversified customer contracts.

While I do not think it’s possible, if Tesla needs 3twh ofcell capacity by 2030 and want to maintain 20% market share, where will the other 10.5 mill tonnes of LCE to feed the other 80% of the market come from……. Let that 13 mill tonnes of LCE demand sink in a bit.

It’s all good news, things have improved……