“Understanding all of this made me realize that lithium is going to be one of the most valuable resources in the world in the next 10 to 20 years with all of these auto companies moving towards electric vehicles, and if this is the biggest resource of lithium, I need to be involved in this somehow,” he continued. And this was even before the most recent meteoric rise at Tesla. I have also been a Tesla shareholder since 2013, so I had seen the rise in the value of the stock and the fact that I had made a very good economic decision there. “I’ve been a Tesla owner since 2013, and I had just never really thought about where the battery comes from that powers the car. What Egan did have, however, was five years’ experience as a Tesla owner, a coincidence that he now considers to have been important. “At the time, I didn’t even know where lithium came from I had no mining experience or background.” And it’s immense – it’s 4,000 square miles, this salt flat,” he said.Īt one point, Egan recalls, the guide for his tour happened to mention that this immense salt flat happened to represent the largest lithium deposit on the face of the earth. It takes forever to get there, and then you pile into this little 4Runner, and they drive you out to see it. An expedition vehicle traverses the Salar de Uyuni salt flat in Bolivia.
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