As This Lithium Stock Soars, Tesla's Strategy Is Far From Clear
The stock market dropped on Tuesday, pulling the Nasdaq Composite (NASDAQINDEX: ^IXIC) down 2% at midday. Investors were generally worried about the prospects for an economic slowdown, particularly in light of negative financial reports from some key retailers.
Tesla (NASDAQ: TSLA) also lost ground, falling 3%. Yet the electric vehicle pioneer's stock has doubled in just the past couple of months, and many investors believe that Tesla's prospects are as strong as ever.
Indeed, reports of potential interest in a lithium producer show the widespread belief that Tesla wants to secure as much lithium as it can now in order to ensure ample battery production capacity as it ramps up its Gigafactory vehicle facilities.
Source Fool.com
