$4 supplier of lithium to tesla
by truman1956 | August 9, 2020 11:08 am
Whats the $4 stock being touted thats suppose to supply Tesla with 45 yrs of lithium[1] for a billion dollar contract?
Endnotes:
- lithium: https://www.stockgumshoe.com/tag/lithium/
Source URL: https://www.stockgumshoe.com/2020/08/microblog-4-supplier-of-lithium-to-tesla/
Not 100% sure here but in the pitch it was mentioned that the company was 115 miles away from Tesla’s factory.
Lithium Americas Inc ( LAC) is about 115 miles away to the north. It stock trades for $7 now but last month it
was around $4.
The other possibility is CYDVF Cyrpress Development Corp. which is also 115 miles away to the south. But that stock has always been under 50 cents a share.
I bought 300 shares on Cypress for $90 and one February 2021 call option on LAC for
about $300.
Good luck.
It is definitely LAC. I am subscribed to the service
Thanks for verifying
Thanks
So is this still a good buy at $7 a share?
my promo said 214 miles away
LIACF American Lithium, 118 miles from the Telsa Battery Plant in Sparks, a suburb of Reno Nv. Is trading@ $1.40 right now, 2:pm central time 8/10/20!
They are predicting in 5 years, one third of all cars will be electric. Whether those cars are mostly powered by
lithium batteries or hydrogen blue gas remains to be seen. Investing in any “American” source of
lithium could be very profitable. Especially if that company supplies Tesla.
I think LAC at $7 is still a good buy. You may want to wait for a pullback from the last few days.