Well, it's about time! It's about time that they acknowledged our Elon. 'Because he's so unappreciated, boss.' Yes, Voice.
Right. PR email, obviously
BAAR, Switzerland - (October 29, 2020) - Blackstone Resources AG CEO Ulrich Ernst comments today about Blackstone Resources vision and strategy and which has been confirmed by the newly released Tesla's battery plans of Elon Musk.
Thoughts on Tesla's plans to make its own's batteries.
Elon Musk has acknowledged the importance of both having access to the next generation of battery technology and the raw materials needed to produce these batteries. The demand for electric cars is likely to quickly outstrip the amount of battery materials that these vehicles require, even with new technologies which aim to reduce the amount of battery materials needed. What we saw on that day was a lag between what Tesla would like to achieve and what battery technology currently permits.
This constraint could limit the growth of the EV market if not dealt with and this would have a negative knock-on effect on Tesla. By contrast, it will also reward companies that are involved in either producing the next generation of batteries or supplying the materials needed to make them. Tesla hinted on the day that its vision was to become more vertically integrated and have better control over its supply chains in the future and might even invest in producing battery metals such as lithium.
This is exactly what Blackstone Resources strategy is and has been pursued for the last five years. In fact, the company has built it business model to accommodate this exact type of market once it emerges.
We believe that the key to being successful in the battery market is to have a presence from the battery metal to the battery cell.
Blackstone Resources started as a business by -
Oh, hang on a minute, guys! I thought we were talking about our Elon? 'I think it's just Ernst speaking, boss.' Who?! Blofeld?! 'No, not him. Ulrich Ernst.' Eh? 'Let me have a look at the email, boss.' Why? 'Just let me look.' Okay. 'Well, here's another bit about Elon -'
Elon Musk believes that the next generation of batteries will use significantly less battery metals, such as cobalt but much more of nickel and lithium and so on. In reality, demand for these metals is likely to pick up significantly if Tesla and other auto manufactures want to realistically electrify their vehicle fleets.
While it is true that better battery technology can save battery metals significantly but the increase in demand will need more cobalt, nickel, manganese, graphite and lithium since the sheer demand for new electric vehicles will still vastly outstrip supply. The reason is that now large auto manufacturers are also starting to roll out their first electric vehicles and many have plans to completely electrify their entire range of cars. There will be for sure bottle necks and metal price increases.
Blackstone is aligned with Tesla on their vision
Despite the differences that we have with Tesla and its view of the world, Blackstone Resources shares -
Okay, okay. That's enough. Thanks, Ernst!
ENDS
I'll tell you, kook(s), it's funny watching car adverts on the telly these days. All these firms are talking about all the wonderful new electric cars they're making, but they don't mention our Elon once. Not once! I mean, a few years ago they thought he was a freak and a nutter, but now they can't get enough of electric cars. 'It's just the way the world is, boss. It's the way people are. Slags, the lot of them!' Okay, Voice, calm down. People read this blog, you know. 'You're the only person I like, boss. Well, you and our Elon.' Thanks. But what about the kooks, our kooks? 'They're all right ... I suppose.'
Ha! The voice says you're all right, dear reader(s).
Laters!
