Why Tesla Isn’t Just a Car Company

We all know Tesla to be CEO Elon Musk’s innovative electric vehicle company, responsible for a large consumer shift away from gas guzzling cars. 

Although this is true and reflected by Tesla Inc.’s (Nasdaq: TSLA) sky-high stock valuation — over $390 Billion — the past couple of years, there is plenty more to the story.

In recent news, Tesla is bypassing the entire mining sector and developing its own battery chemical supply chains. To facilitate this, the now “alternative energy” company is building a lithium hydroxide refinery plant in Texas. The chemical plant will convert spodumene ore into lithium hydroxide — which is key to making Musk’s battery cells.

Tesla also recently signed a five-year deal to acquire spodumene from a mine in North Carolina. This allows Tesla to make 8,000 tonnes of lithium hydroxide per year, starting between July 2022 and July 2023.

The new battery cell tech allows Tesla’s cars to use fewer batteries, and will ultimately drive down production costs.

“We’re not getting into the (battery) cell business just for the hell of it. It’s because it’s the fundamental constraint. It’s the thing that is the limiting factor for rapid growth,” Musk said.

Join me below for the Midas Letter roundtable, where we’ll discuss why Tesla is more than just a profitable car company for traders to consider. But rather it’s an investment in the future.

If a 10-time trading champion wanted to give you special trades, would you let him? 

I sure hope so… 

Had you been using “Trophy Trades” for the past two decades… you would potentially be millions richer today! 

In fact, in the past month alone, you could have had massive winners by purchasing two $4.50 options on DocuSign — a $900 investment — and walked away with $15,350… 

Or two options in Adobe for $1.80… Chuck walked away with $12,734!

The Next Trade Alert is About to Go Out!