Mass take up of Driverless cars IMOis half a century away. To ensure maximum safety the technology needs to improve massively. At the moment it's plain dangerous. On the other hand, the looming investment opportunity is the entire world transitioning from ICE to EV. That also is not going to happen fast. But over the next 25 years the regular annual escalation in EV market share is going to accelerate in J curve fashion. So my bet is lithium demand is going to be strong, and grow sfronger, well well before future generations start abandonIng car ownership.
I'm far more focussed on what the market cap to EBITDA multiple is going to be in 2020/2021/2022 as that's what's going to drive lithium stocks valuations today. Pontificating about mass rejection of car ownership and driving around in dodgem car style electric transfer grids is seriously a very long time away (but I agree it will come - but the market is far more short term focussed).
Mass take up of Driverless cars IMOis half a century away. To...
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Last
$4.18 |
Change
0.120(2.96%) |
Mkt cap ! $12.58B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.20 | $4.11 | $86.61M | 20.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 11 | 1408666 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $4.19 | 165878 | 22 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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$4.18 |
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0.120 ( 3.20 %) |
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| Open | High | Low | Volume | ||
| $4.12 | $4.20 | $4.12 | 4580071 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
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