Business
Elon Musk’s ‘Battery Day’ could see these ASX mining shares soar, and volatility hits th … – Motley Fool Australia
When Elon Musk talks, investors listen. His latest words are sending lithium shares lower but could spell good news for other ASX miners.
By most accounts, Tesla Inc‘s (NASDAQ: TSLA) much-hyped ‘Battery Day’ was a bit of a fizzer.
That’s what happens when investors build up overly optimistic expectations.
In this case, expectations had been running high following tweets from Musk that promised ‘insane’ developments in battery technology.
While new tech developments were presented, investors were clearly disappointed at the timeline. Musk announced that a new affordable car from Tesla, in the US$25,000 (AU$35,000) range, could h…
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