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7 Lithium Stocks That Will Power the Electric Vehicle Boom in 2021 - 1 of 7

#1 - Tesla (NASDAQ:TSLA)

Tesla logo

In late 2019, Tesla (NASDAQ:TSLA) announced that it was entering the mining business. In the interest of full disclosure, the consensus at the time suggested that Elon Musk had his eyes on other minerals and was content to not become a lithium miner. At least not initially.

Still Tesla stands to be a kingmaker when it comes to lithium stocks. And that’s reason enough to keep the company on your list of lithium stocks. You’ll find the company’s name associated with many of the company’s on the remaining list and with good reason. Tesla understands it has to closely manage its supply chain. Therefore it’s going to look to lock up deals with companies that can help the company’s aspirations.

Many market watchers, including myself, have been wrong on Tesla. The company and its investors have shrugged off the naysayers. Now that the company is delivering cars, the sky appears to be the limit for what the company can achieve. And that may include lithium mining.

About Tesla
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. Read More 

Current Price: $589.74
Consensus Rating: Hold
Ratings Breakdown: 12 Buy Ratings, 11 Hold Ratings, 11 Sell Ratings.
Consensus Price Target: $411.09 (30.3% Downside)

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