Musk Eyes Argentina's EV Space - 'Looking For Ways To Invest In And Support Argentina'
Portfolio Pulse from Nabaparna Bhattacharya
Elon Musk, CEO of Tesla, Inc. (NASDAQ:TSLA), announced plans to invest in Argentina, focusing on the country's electric vehicle market. Argentina is part of the 'Lithium Triangle,' crucial for EV battery production. This move could accelerate Argentina's EV market growth, projected to reach $36.7 million by 2029.
September 24, 2024 | 6:19 pm
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Tesla's potential investment in Argentina could boost the country's EV market, leveraging its lithium resources. This aligns with Tesla's growth strategy and may positively impact TSLA stock.
Tesla's interest in Argentina's EV market, part of the 'Lithium Triangle,' aligns with its need for lithium, a key EV battery component. This strategic move could enhance Tesla's supply chain and market presence, likely boosting TSLA stock.
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