Now, as promised, we have the buzz picking up about Tesla Model X. "Tesla Model X will be by far the best SUV" - according to Elon Musk, will make all the difference giving the green alternative proposition to all lovers of Range Rovers.
In a few short years we will has the real mass market for electric cars. Elon Musk alone has made electric cars fashionable with his Tesla Model S. Tesla Model X will drive the buzz now. Apple can change landscape overnight with its brand power if and when Electric iCar will be finally released. Tesla Gigafactory and other Megafactories will bring the cost for lithium batteries down and allow for Tesla Model 3, GM Bolt and Nissan with increased range to drive us all into the mass market for EVs. "Dump The Pump", if you can - the time has come! At International Lithium we are making this rEVolution possible to happen. Security of lithium supply will be at the base of this new technological shift. China is driving the change in lithium industry now and our strategic partner - Ganfeng Lithium finances development of our J/V lithium projects in Argentina and Ireland.
How to achieve the explosive growth like International Lithium's strategic partner Ganfeng Lithium? You need to have the largest auto-market in the world, "War on Pollution" and state-level support for the new strategic industry - electric cars. After Tesla Gigafactory, LG Chem, BYD, Foxconn, Boston Power and A123 are building their own Megafactories. New automakers, like Guanzhou Auto in China are moving now into electric space with announcements almost every month. International Lithium is building strategic supply chain for Ganfeng Lithium, our J/V in Ireland and Argentina are financed by Ganfeng and now we are receiving results.
"Mr. Kirill Klip, President, International Lithium Corp. comments, "We are highly encouraged by what we are learning about the thick brine aquifers at Mariana. We look forward to completing the pump test which will give us a sense of the potential productivity of wells in these aquifers and we are confident that our plan to acquire these key preliminary hydrological results prior to a mineral resource estimation is both an expeditious and cost effective approach toward an initial production assessment."
Gary Schellenberg, CEO and Executive Chairman, notes that "Success in the initial drilling program by intersecting pegmatites under cover confirms the exploration strategy and methods we are applying in the Avalonia project. This gives us confidence as we move ahead with plans to test both new and historical targets we are developing along the lithium belt."
"Joe Lowry has published a very interesting article about the lithium market, major producers and rising Chinese powerhouses in lithium industry. You can find now more details on International Lithium strategic partner Ganfeng Lithium. Apple Electric iCar and Warren Buffet BYD move into energy storage to chase Elon Musk with his Tesla Gigafactory bring Lithium back onto the radar screens of investors now. Read more."
Tesla CEO Elon Musk believes its upcoming Model X crossover will be able to double the automaker's sales.
According to Bloomberg's Lucas Shaw and Dana Hull, the tech mogul made the claim while speaking to the press at the Allen & Co. media conference in Sun Valley, Idaho.
The Model X is Tesla's long-awaited follow up to the ground breaking Model S sedan.
The electric crossover is expected to be launched this fall and already has more than 20,000 orders awaiting delivery.
According to a note released last week by Credit Suisse automotive-analyst Dan Galves, Tesla is expected to deliver roughly 7,000 Model X vehicles this year.
The ramp up in Model X deliveries will likely be gradual, as the X will not reach full production until 2016.
That matches the pace of growth of the Model S. In 2014, Tesla delivered 32,000 Model S vehicles to customers and this year, that number is projected to grow to 48,000.
In total, Musk's company is expected to deliver 55,000 autos this year — an improvement of roughly 50% over 2014.
Along with the $35,000 Model 3, Tesla hopes the trio of models will help the company reach its goal of selling 500,000 cars a year by 2020. The Model 3 is Tesla's mass market offering, which is expected to come in the form of a sedan as well as a crossover. According to Tesla, the company plans to debut the Model 3 concept in 2016 with initial production in 2017.
Unfortunately, Musk's optimism hasn't rubbed off on investors as the company's stock has suffered a rough week of losses.
Tesla stock closed down nearly 5% today at $255. This comes after the stock lost 4% of its value on Tuesday. The drop follows more than three months of steady gains, minus the volatility that has characterized Tesla's stock price for the second half of 2014.
Since bottoming out at $185 per share on March 27, the stock has rebounded big time, ended last week at $280."