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I rarely talk about social pop culture events on here. But, Elon buying Twitter at $54.20 a share has to do with stocks, and I have a weird take on it. I see the potential of this deal falling through, and there may be a trick up Elon’s sleeve where he still wins.
To manufacture each EV battery, you must process 25,000 pounds of brine for the lithium 30,000 pounds of ore for the cobalt 5,000 pounds of ore for the nickel, 25,000 pounds of ore for copper Diging up 500,000 pounds of the earth's crust For just - one - battery.
A typical electric car battery has: 25 pounds of lithium 60 pounds of nickel 44 pounds of manganese 30 pounds cobalt 200 pounds of copper 400 pounds of aluminum, steel, and plastic The first 4 ingredients are from limited sources and will continue to rise in cost.
If you don’t take risks you will always work for someone who does $XRP
Always be aware of what the media is telling you to do.
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