$HTSC - doubt "gigacrete" is the future for this company...that would be my guess. We'll see at some point in a filing but no announcements from them for awhile.
Elon made a mistake...he said he needed nickel. Nickel went up $3 (could have been $3k but too lazy to go back and find the article) per ton based on that tweet. He probably woke up with a hangover and said, "why did I tell everyone that I need nickel?"
He's a smart guy so he never mentioned "nickel" in the press release for "Battery Day" and he also never said that he doesn't need nickel. You don't negotiate for a nickel deal by telling everyone that you need nickel. Leverage is immediately transferred to those who "have" nickel.
He knows that, I would expect silence until he get's his nickel deals done. In the meantime he did a deal on Lithium. If you look at the deal he's going to do the following:
He will remove all of the middle men from the supply chain. He'll have an interest in Lithium and Nickel production so he isn't paying for markups between Tesla and the mine.
My vote would be to let gigacrete go it's own way and focus on nickel - that's the future.
Lucid just had an electric vehicle get tested at 517 miles between charges and Elon can beat them with Nickel Batteries (higher density = more electricity with lighter weight) he's not going to spoon-feed you that info until he's got the deals...but he slipped and told you it's what he needs...Pay attention. GL
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