/biz/ - Business & Finance

/space chads/, we out here. I opened a bottle of wine to celebrate. I'm so glad I was buying over the last few months.
>>25940284
NPA as well and likely ACCMF if they're aware of it. SPCE will probably be a small holding if they include it since it will be disrupted by SpaceX and orbital space tourism.

>>17096071
>It fell three minutes after I sold some of my stock
I'm still expecting $1000, but I no longer have any guess what will happen after short term.

TSLA is up to $650 after hours. I told you guys it was likely going to beat earnings this quarter. You should never have doubted us TSLA Chads.

FUCK TSLA BEARS
FUCK TRIPFAGS
FUCK TRANNIES

So Tesla is going to buy Glencore(GLEN) which not only is a top producer of cobalt, but they produce a bunch of other minerals and metals as well. They produced 42000 tonnes of cobalt in 2018 alone, that's 21 times what Panasonic or LG needed for their batteries.

This means that Tesla will have zero trouble sourcing cobalt in the future and it secures the supply chain for producing tens of millions of vehicles or power wall batteries. The plan was to do away with cobalt completely, but their new 'one million mile' battery chemistry needs it and this was the next best option. This gives Tesla a bit of a moat around their battery technology since other EV producers would have to use whatever Cobalt they can get which is usually mined using child labor or do away with it and use inferior battery chemistry. Tesla's vertical integration will allow them to produce a battery cheaper than their competitors and widen their already high profit margin.

>TFW you bought TSLA at 190 and held to this point despite all the FUD and the shilling.