Update from Elon Musk, this is super positively insane!
Elon Musk
Model 3 orders at 180,000 in 24 hours. Selling price w avg option mix prob $42k, so ~$7.5B in a day. Future of electric cars looking bright!
Reservations for Tesla Model 3 have already passed 150,000, what does it mean? It means that people are ready to buy the good electric cars and Tesla is making the best of them. Who will buy Tesla Motors now to make electric cars for all of us? This opportunity will be paying handsomely back to the shareholders whoever will be able to make this move, we are talking about the first Trillion Market Cap company here. Will it be Apple, Google or Facebook? And do not you worry International Lithium will find enough Lithium for all of us!
Elon Musk: "At Tesla We Don't Make Slow Cars" - Electric Tesla Model 3 Unveiled.
"At Tesla we don't make slow cars" - Elon Musk said at the unveiling of the Tesla Model 3 and he can add: "and we sell them fast as well!" Bloomberg reports that in the first 24 hours Tesla Motors has already 115,000 reservations for this mass market electric car with "at least 215 miles range on a charge."
Now we can really talk about the mass market for Electric Cars. There are only 2.1% of cars being sold in the U.S. last year which are priced above $75k, so Tesla Model S and X were disrupting only this very small high-end segment of the market. But almost 35% or 5.5 millions cars were sold with price tag around $35k where Tesla Model 3 is priced before incentives. Now Elon Musk will be going after third of the U.S. market potentially. When you take incentives into the account we are getting closer to my magic 20/200 formula when all cars will be electric!
Tesla Model 3 basic will make it 0-60 mph in less than 6 seconds and there will be a faster versions, all cars will be "prewired" with autonomous driving hardware and all safety features. Tesla Model 3 seats 5 adults comfortably and with full glass roof provides "the roomiest experience" of the similar class cars according to Elon. All cars will be Superchargers ready! Elon promised that number of Superchargers will double by the end of the next year and number of destination chargers will quadruple.
Now we can really talk about the mass market for Electric Cars. There are only 2.1% of cars being sold in the U.S. last year which are priced above $75k, so Tesla Model S and X were disrupting only this very small high-end segment of the market. But almost 35% or 5.5 millions cars were sold with price tag around $35k where Tesla Model 3 is priced before incentives. Now Elon Musk will be going after third of the U.S. market potentially. When you take incentives into the account we are getting closer to my magic 20/200 formula when all cars will be electric!
Tesla Model 3 basic will make it 0-60 mph in less than 6 seconds and there will be a faster versions, all cars will be "prewired" with autonomous driving hardware and all safety features. Tesla Model 3 seats 5 adults comfortably and with full glass roof provides "the roomiest experience" of the similar class cars according to Elon. All cars will be Superchargers ready! Elon promised that number of Superchargers will double by the end of the next year and number of destination chargers will quadruple.
Tesla's Elon Musk: All Cars Will Be Electric - International Lithium Presentation April 2016.
Tesla Model 3 Unveiled - electric car with 215 miles range for mass market!
Watch the Event: https://model3.tesla.com/#
All good things take time, care and patience. Lithium Technology is here and Energy rEVolution is coming next to you with GM Bolt and Tesla Model 3 igniting the mass market for electric cars. Tune in today to see the future with Tesla Model 3 being unveiled. People are camping outside Tesla showrooms just to make the reservation! Netherlands is going to sell only electric cars after 2025 and India is talking to go full electric by 2030. It is all about lithium technology making batteries better and cheaper every year. And now smart phones on wheels will be taking out streets one by one.
Slowly, but surely we are building our Vertically Integrated Lithium Business with Ganfeng Lithium with our J/V projects in Ireland and Argentina. Now it is time for Canada to shine and that wind for our sails I was talking last Fall about is coming. We have survived during the storm on the sand bank, now we know what to do when the tide is coming. I welcome all our new Partners to International Lithium, fasten your seatbelt, we are moving forward. Read more."
International Lithium Corp. Acquires High Grade Raleigh Lithium Project Near Mavis; Creates Upper Canada Lithium Pool a New Multiproject Initiative
International Lithium Announces Closing of Private Placement, Advances Operations In North America.
International Lithium President, Kirill Klip comments “International Lithium is beginning a new phase of strategic developments through new potential acquisitions and strategic partnerships. The availability of affordable electric cars is almost here with models like GM’s Bolt and Tesla’s Model 3 coming into production this and next year. This will greatly increase the demand for lithium batteries in North America. Our new strategy recognizes this opportunity and we seek to meet the demand for lithium in North America’s massive automotive markets. Together with Ganfeng Lithium we continue to advance our projects in Argentina and Ireland building on a vertically integrated lithium business in China, the centre of today’s lithium industry where prices for the green energy metal are currently escalating. Newly formed alliances with companies like Pioneer Resources, will help us focus our expertise in recognising opportunities and building up a resource base, while minimising our capital outlay to advance the projects to build the secure supply of lithium for the North American market.” Read more.
International Lithium Options Mavis Lithium Project and Forms Strategic Alliance with Australian Company, Pioneer Resources Ltd.
Mr Kirill Klip, President, International Lithium Corp. stated: "We are very pleased that International Lithium is opening a new strategic phase of expanding its operations in North America. We are at the very beginning of the mass market for electric cars with GM Bolt and Tesla Model 3 coming into production this and next year respectively. Recent huge spike in lithium prices in China, the centre of lithium industry today, has demonstrated the importance of our strategic partnership with Ganfeng Lithium in building the vertically integrated lithium business with our J/V projects in Argentina and Ireland. We envision that North American market, which is dominated by producers from Asia, will start to build its own lithium batteries production facilities like Tesla Gigafactory in Nevada, U.S. This transaction is the first step for ILC in building the secure supply of lithium for the North American market." Read more."
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