Tesla drives momentum for Western Lithium

摘要

When electric-carmaker Tesla Motors (NASDAQ: TSLA) announced on Feb. 26 that it would build the world's largest lithium-ion battery factory in the U.S., Western Lithium (TSX: WLC; US-OTC: WLCDF) surged 36% to 72 cents per share, with nearly 4 million shares changing hands. The excitement generated by the proposed $5-billion "gigafactory," which the carmaker says should push down the cost of its battery pack (per kWH) by more than 30%, drove Western Lithium's shares even higher the next day - accelerating another 18% to 85$, on another 5 million shares traded.