What Tesla’s Lithium Play Means for Electric Vehicle Stocks
September 29, 2020 at 16:20 PM EDT
Coming off the heels of Tesla’s (NASDAQ: TSLA) “battery day,” the company has inked a five-year fixed price binding agreement to buy lithium from Australian miner Piedmont Lithium (NASDAQ: PLL). This helped lithium stocks rally on Monday with Piedmont trading up over 200% and Lithium Americas (NYSE: LAC) and others trading in lock step. Fortunately there’s a better way to profit. A way that lets you cash in on this exciting industry without the risk of backing the wrong horse. Right now, the infrastructure for electric vehicles is far from built out like the 168,000 gas stations across the country and that is why I’m looking at this pick and shovel play that could be one of the biggest opportunities in EV stocks right now. . The post What Tesla’s Lithium Play Means for Electric Vehicle Stocks appeared first on Money Morning - We Make Investing Profitable . Read more... Tags: Technology Article To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.