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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (7475)9/1/2019 9:14:59 PM
From: Winfastorlose2 Recommendations

Recommended By
berniel
isopatch

  Read Replies (2) | Respond to of 26787
 
Well so much for the EV biz. Looks like lithium prices are crashing due to weak demand for EVs the world over.

Forget the fact that some of the Teslas have been exploding like cheap Chinese fireworks, The cars are just inconvenient and are not cost effective. Insurance on a Tesla is now the highest of any luxury car on the market due to the fact you can't access parts and when you do find parts, they are priced like gold bullion. Unless the government offers to heavily subsidize the purchase of the electric cars, few people want to buy them. Not here, not in Europe and not in China.

Here's the latest on the lithium price crash.

zerohedge.com