Thursday, March 10, 2022

EV revolution concern

I've long been a supporter of the EV revolution, namely Tesla ($TSLA), but the constant rise in the price of certain necessary parts of a battery such as Nickle, Cobalt, Lithium, and Graphite cannot be ignored. Add supply chain constraints on top of this which are likely to persist everywhere except China who is likely to have strengthened their geopolitical ties with Russia in the recent weeks, and you get an extremely expensive, non-profitable sector of the economy leading to yet another asset bubble. 



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