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Tesla comments ‘very bullish’ for lithium industry, says Citi
The Fly

Tesla comments ‘very bullish’ for lithium industry, says Citi

Citi thinks Tesla’s (TSLA) analyst day comments that it could sell 20M battery electric vehicles by 2030 are "very bullish" for the lithium industry, "even if you take a haircut to the assumptions." The comments at face value could imply as much as 23% lithium demand growth annually to 2030, higher than Citi’s current 17% forecast, the analyst tells investors in a research note. Citi says Tesla’s comments are positive for lithium names Albemarle (ALB), SQM (SQM), Livent (LTHM) and Li-Cycle (LICY).

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