TSLA - Exxon Mobil: Lithium Robots And A 3.3% Dividend

2024-06-26 07:00:00 ET

Summary

• Exxon is making moves towards an electric car future by buying lithium-rich land in Arkansas and hiring for lithium positions. This project is massive in scope at 100,000 tons.
• Arkansas is an ideal location for lithium production due to factors such as high lithium grades, friendly locals, and abundant infrastructure.
• Exxon's entry into the lithium market is driven by future demand for lithium and the need to impact its bottom line.

White Gold Hunting In Arkansas

Much has been written about the demise of electric cars. Yet, new contenders are flowing into Arkansas in search of white gold, also known as lithium. There are big boys entering the lithium chessboard, such as Exxon Mobil ( XOM ) (XOM:CA). I say follow the money, and money continues to flow into lithium projects (primarily on the future demand side). Part of this future demand could be from Tesla ( TSLA ) and its Optimus robot initiative....

For further details see: