The One Thing Standing in the Way of Tesla’s World Domination

“There’s only one thing standing between Tesla and world domination,” reports Barron’s, “the global supply of lithium. And that’s good news for lithium producers.”  For the company to build up to 30 million EVs by the end of the decade, it’ll need a steady supply of lithium.  It’s the reason, Tesla just signed a lithium ore supply deal with Piedmont Lithium.

In addition, “Right now, the world mines roughly 400,000 tons of lithium a year, enough to power 2 million to 3 million electric vehicles, though only a third of that goes to EVs right now. That number will have to increase perhaps as much as tenfold to meet Musk’s goal, and that doesn’t take into account other auto makers.”