'Entrepreneurs, enter the lithium refining business. It's a license to print money.' - Elon Musk

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'Entrepreneurs, enter the lithium refining business. It's a license to print money.' - Elon Musk kitconews gold silver investing economics metals finance mining

Elon Musk is seeing metals prices starting to soften, but lithium pricing he called"insane," during the earnings call for Tesla.

Tesla reported a revenue drop of 13% to $13.6 billion. Vehicles deliveries were down compared to last quarter. The company said it faced manufacturing challenges related to shutdowns, global supply chain disruptions, labor shortages and logistics and other complication."[The] pricing of lithium is insane," said Musk."I would like to once again urge entrepreneurs to enter the lithium refining business. The mining is relatively easy. The refining is much harder.

 

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