I posted the abc news clip on this thread 3 days ago. anyway…..
You mention the cost of the battery is 20% of the cost of the vehicle, however the cost of the lithium within the battery is far less than that. And that’s what they are targeting by spinning all this BS that the price of the vehicle will drop because lithium will drop. From my research the cost of the lithium in a standard Tesla would be about 1%, maybe 2% of the entire vehicle cost.
just hold your shares, market forces will dictate prices, not
some pimply faced, green, wet behind the ears fool at goldman’s or CS can change that longer term.
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