After tumbling on Tuesday , shares of Canadian lithium mining company Lithium Americas (NYSE: LAC) bounced right back Wednesday, achieving an 11.3% gain as of 12:40 p.m. EDT today.
Yesterday, I noted that Lithium Americas' decline seemed tied to notes from Bank of America warning of the potential for lithium prices to plateau. Today, the stock is moving the other way, and investors may have Tesla (NASDAQ: TSLA) to thank for it.
A piece of rock containing lithium Image source: Getty Images.
For further details see:
Why Lithium Americas Stock Bounced Back Today