Tesla's fortune is tied to EV, and lithium's tied to EV.
Tesla's share price is strong correlated with lithium stocks.
Sure, they all want lithium, but that does not mean lithium price would necessarily go a lot higher.
My earlier post addressed that.
In the meantime, battery market is saturated oversupply in China, see my previous post too.
Lithium Related Media Articles, page-21617
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Last
$1.37 |
Change
0.003(0.18%) |
Mkt cap ! $3.345B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.37 | $4.179M | 3.026M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 251866 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 189994 | 48 |
View Market Depth
| Last trade - 14.55pm 27/05/2024 (20 minute delay) ? |
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Last
$1.36 |
Change
0.003 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| $1.39 | $1.40 | $1.36 | 998212 | ||
| Last updated 15.14pm 27/05/2024 ? | |||||
| LTR (ASX) Chart |