Friday, 28 October 2016

Elon Musk's Master Plan In Action: Tesla Turns Profit, Musk Says No New Capital Needed For Model 3.

  Elon Musk's ability to bend the Universe (at least in his own close proximity) has been proven to be right again. His Team at Tesla has made a magic inspired by "that email" after all and Tesla has delivered another set of record numbers and profits literally bringing The Burn to all anxious short sellers. 

"The electric carmaker also signaled it has substantially reduced the costs for launching production of its high volume Model 3 sedan next year. Musk told analysts the company's current plan "does not require any capital raise for the Model 3 at all." Reuters.

  It is harder and harder to find the audience ready to listen to the "Dirty Electric Cars" stories which still has been put out there by DIEsel fumes brainwashed "independent journalists". It looks like only the government in the UK can seriously listen to the Exxon worries about "unsustainable future with Electric Cars." People know better. Once they had a test drive of  Tesla Model S - all ideas to buy any "Clean DIEsel" or even "Not So DirtyPetroll" are literally blown away from the head after the first acceleration.  Half a million of them are already waiting for Tesla Model 3, others are trying GM Bolt and other available electric cars. We are witnessing the tectonic shift to the new technology, the speed of "The Switch" will surprise so many well-educated people. This iPod moment for electric cars will be driven by the existing market and demand for the personal mobility with the new exciting technology providing the much better service to satisfy this existing demand at the cheaper price. 

Lithium Race To The End Of The ICE Age: Tesla Model S Is The Best-selling US Luxury Sedan, By A Wide Margin.


  "And this is the real worry for all automakers, we are talking about here.Engadget reports on the disruption of the luxury sector by Tesla Model S which is always on ludicrous mode. The real electric cars provide much better performance and consumer satisfaction, we just need to have them cheaper. And they are coming very fast now from all automakers in a fear to be left out on ICE. The most important message after so many years is that it is not our dreams anymore: the best electric cars are here and customers are voting for them with their wallets. Lithium technology is here and cheap lithium batteries change everything.

Lithium Race: Tesla Is Selling Twice As Many Electric Cars As It Was A Year Ago.


  "CNN reports that Tesla is selling twice as many electric cars as it was a year ago! The sales in Q3 are up 111%  to the record of 24,500 EVs compared with 11,603 sold last year in the same quarter. It looks like the famous now motivational email by Elon Musk is making its magic at Tesla as more than 5,000 Teslas reported to be in a transition already. Tesla is on track to sell 50,000 electric cars in the second half of 2016 and meet its target of 80,000 to 90,000 new Teslas cruising on the roads for the whole year.
  This new achievement by Elon Musk and his Team at Tesla will contribute nicely to my expected 1,000,000 of electric cars being sold in 2016. China will claim at least 500,000 EVS in sales in 2016 and Europe will be racing for the 2nd place against the U.S. with roughly 250,000 in sales each hopefully.  In another important news, Elon Musk has confirmed that Tesla is on track to meet its very ambitious goal of 500,000 electric cars made annually by 2018.  Now a lot of people will have to change their estimations for lithium demand. China is acting already and driving the new round of consolidation in "The New Lithium Top 5" where security of lithium supply is a major concern now. Read more."

Lithium 2.0: "New Lithium Top 5" Consolidation And Security Of Supply: FT "China's Tianqi Moves On Chile's SQM."


  "FT reports that further round of competition for the security of lithium supply is driving the new wave of consolidation among our "New Lithium Top 5". With all political troubles in Chile Argentina is rising to the top lithium destination in the world now. Chinese Tianqi and Ganfeng were competing for the stake in SQM. Now we can see that Tianqi will pay 51% premium to get 2.6% for more than $200 million dollars in SQM. This move opens the doors to acquire more than 20% stake in SQM. I will be following on more details of this deal.

"Now you can better understand why the security for lithium supply becomes crucial for the industry leaders. Ganfeng Lithium and Tianqi have made it to the "New Lithium Top 5" this year and even pushed FMC down in the 5th place, according to Joe Lowry. Tianqi controls with Albemarle Talison  Lithium - a source of lithium raw material from hard rock mining in Australia. Now with Tianqi front running for the 23% stake at SQM - a source of lithium raw material from brine in Chile, we will have a new round of competition for the security of lithium supply. Reflecting on its political problems in Chile SQM moves to Argentina in J/V with Lithium Americas and Albemarle has just announced plans for the lithium exploration in Argentina. 
  International Lithium is building the vertically integrated lithium business with $4.5 Billion market cap giant from China Ganfeng Lithium, which is financing J/V operations in Argentina and Ireland. Below you can find more links on the Lithium Battery and raw materials space to make your own conclusions." Read more.

Energy rEVolution: Finding Value In The Booming Lithium Sector.

   "International Lithium is getting noticed in the industry with our strategic partnership with Ganfeng Lithium from China. Ganfeng has made it into the "New Lithium Top 5" this year and now we have a new round of competition for the security of lithium supply with a further consolidation in the industry. Argentina becomes the top destination for the Lithium Supply development and our projects in Europe and Canada are moving fast forward now with our strategic partners.  We are drilling in Ireland after recent discoveries with Ganfeng and Pioneer Resources from Australia is advancing Mavis Lake and Raleigh Lake projects this year. ILC is one of the most active lithium exploration and development companies with CAD$17 million budgeted for the advance of our projects on the 3 continents. 
  Please read carefully my legal disclaimer and never invest without consulting with your qualified financial adviser. I cannot comment or provide any information on the other companies as International Lithium's qualified person as it is defined by NI 43-101 was not able to verify and confirm the provided information. You can find below more information on Ganfeng Lithium and ILC including for our followers from Germany. Read more."


By Narottam Medhora and Alexandria Sage | SAN FRANCISCO
Tesla Motors Inc (TSLA.O) reported its first quarterly net profit in more than three years on Wednesday, buoyed by nearly $139 million in sales of clean car credits, and Chief Executive Elon Musk said the company could turn a profit again in the fourth quarter.
The electric carmaker also signaled it has substantially reduced the costs for launching production of its high volume Model 3 sedan next year. Musk told analysts the company's current plan "does not require any capital raise for the Model 3 at all."
The tech billionaire said Tesla could still raise capital to "account for uncertainty ... and de-risk the business," however.
The third quarter profit and a leaner capital spending plan could help grease the wheels for Musk if he does seek to tap the markets for cash. Turning a profit, even for one quarter, should help counter skeptics who have questioned his ambitious plans for combining Tesla and solar panel maker SolarCity (SCTY.O) into a company offering roof-to-garage no-carbon energy systems. 
Musk has made promises to investors before related to the timing of product launches, production and profitability, only to walk them back..."

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