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Newest Fully Electric Truck Will be Even Better Than Imagined


News provided by

USA News Group

15 Mar, 2018, 13:00 GMT

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LOS ANGELES, March 15, 2018 /PRNewswire/ --

FN Media Group Presents USA News Group News Commentary 

In a bold statement, which Elon Musk is known well for, Tesla's leader has pronounced that he is "optimistic" that Tesla will exceed previously released specs of the Tesla Semi Truck, the most promising fully electric truck.

News of improved lithium powered EVs is sending lithium mining companies reeling. Early movers in the lithium mining space continue to gain including QMC Quantum Minerals Corp. (TSXV: QMC) (OTC: QMCQF), Sociedad Quimica y Minera de Chile (NYSE: SQM), FMC (NYSE: FMC), and Nemaska Lithium Inc. (TSX: NMX) (OTC: NMKEF).

Elon Musk's pronouncements about his companies' inventions have often been met with ridicule and puzzlement. But he always walks the talk and delivers novel technologies that revolutionize complete industries.

The new mass cargo transit truck appears to be another of the major advancements that will surpass expectations.

Companies preparing for the increased demand for this new generation of EVs have focused on lithium production and are expanding their efforts to create new supplies including developing new lithium sources and capturing previously untapped resources.

QMC Quantum Minerals Corp. (TSXV: QMC) (OTC: QMCQF) is a junior company headlong into the lithium supply race. The company is focused on Canada's hard-rock lithium sector in a well-known region in Manitoba gaining interest for its favorable mining logistics.

Other existing lithium players who are ramping up the increase the production levels of lithium resources include Sociedad Quimica y Minera de Chile (NYSE: SQM), the largest producer of lithium, FMC (NYSE: FMC), which has expanding lithium interest in South America, and Australia's Orocobre Ltd. (OTC: OROCF), already expanding its production capacity since establishing production a short time ago.

HOW GOOD WILL THE TESLA TRUCK BE? 

From rocketry to mass transportation and perhaps more pertinently to electric vehicles, Musk's confidence in his ability to dazzle with unimaginable technology is now well known. With that in mind, it can be concluded that his latest pronouncement about the Tesla Semi is no act of empty bravado.

After helping establish the electric family saloon as the car of the future with the Tesla range of EVs, Musk has now set his sights on mass cargo transit.

Musk says that his vehicle will exceed previously released specs of the Tesla Semi Truck hand down.

If this does not turn out to be a truly rare case of false embellishment by Musk, the Tesla Semi will definitely blow other cargo truck companies out of the water.

The specs released at the unveiling event in December 2017 were already pretty impressive:

• Acceleration from 0 to 60 mph with 80,000 lb: 20 seconds

• Speed up a 5% Grade:60 mph

• Mile Range: 300 or 500 miles

• Powertrain: 4 Independent Motors on Rear Axles

• Energy Consumption: Less than 2 kWh per mile

• Fuel Savings: $200,000+

• Expected Base Price (300 mile range): $150,000

• Expected Base Price (500 mile range): $180,000

Even the best diesel cargo trucks would struggle to beat this performance.

With the enormous savings, the company estimated that the truck, expected to hit the roads in 2019, will have a payback time of just 2 years.

As expected with every Musk announcement, doubters creeped out of the woodwork.

Daimler's head of trucks expressed reservations towards this pronouncement, arguing that the listed specs already defied and surpassed the laws of physics.

One cannot bet against Elon and Tesla to prove him and other naysayers wrong. Tesla is currently testing the Semi with a number of partners and the results so far seem to have reinvigorated his confidence in the specs.

Although he did not specify the exact margins or provide an updated list of stats, he insisted that the Tesla Semi will be "something really special."

Musk left the comments as a reply to an article on Elektrek which suggested that DHL would make substantial savings by adopting the Semi into its fleet.

QMC QUANTUM MINERALS READYING TO FUEL DEMAND 

If miners for lithium are going to react to the spike in demand, they will need to move now on existing resources.

That's the exact situation for QMC Quantum Minerals, which is fast tracking their current project in the Province of Manitoba, Canada. The mineral region is now ranked as the 2nd most favorable mining district in the world according to the Fraser Institute, displacing Australia and others.

QMC Quantum acquired a known lithium property -the Cat Lake Lithium Property, formerly known as the Irgon Mine in 2016.

Its property is in good company. The location is just 20km from the world class Tanco Mine, which was previously North America's largest and sole producer of spodumene (Li).

A predecessor to QMC drilled 25 holes into the property's Irgon Dike in the 1950s and reported a historical resource estimate of 1.2 million tonnes grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters.

QMC Quantum's geological team agrees with the accuracy of those historical drill results and now started a drilling and assessment program to bring the results up to date. The company just reported samples with greater than 2% Lithium within the property and is expanding the sampling.

Direct to production sources like QMC Quantum Mineral's Cat Lake Project could be vital sources as the entire transport industry is being remade in the form of EVs.

TRAINS, PLANES AND AUTOMOBILES (AND TRUCKS) 

The massive market for virtually every type of EV is clearly driving demand and the so called "hype" produced by the likes of Elon Musk are only serving to push it even higher.

With battery technology continuing to usurp the transportation sector at a high rate, there is one commodity that will reap high demand growth; lithium.

Lithium is a critical metal in the construction of li-ion batteries which continue to be the most popular choice in EVs and consumer electronics. The current installed mining capacity of the metal is almost certain to be insufficient to meet future demand growth.

Since mining is a very expensive affair, junior mining companies tend to resist entering the market until the price has risen high enough to guarantee returns on investment.

As such there continue to be a demand-supply mismatch for the next few years making lithium and junior pure-plays a very attractive investment option.

POTENTIAL COMPARABLES 

Sociedad Quimica y Minera de Chile (NYSE: SQM)

Sociedad Quimica y Minera de Chile S.A., is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services Lithium and its derivatives are used in batteries, greases and frits for production of ceramics. Potassium chloride is a commodity fertilizer that is produced and sold by the Company across the world.

FMC (NYSE: FMC)

FMC Corp. is a Philadelphia-based chemical company which is swiftly ramping up its lithium production. Last year, FMC said it was planning to triple lithium hydroxide production capacity by 2019. The first phase of the plan has already started. FMC management also said that it was not ruling out the possibility to spin-off FMC's lithium segment as a separate publicly owned company. BofAMerrill Lynch recently upgraded FMC stock to "Buy" from "Underperform," increasing the price target to $103.00 from $66.

Nemaska Lithium Inc. (TSX: NMX) (OTC: NMKEF)

Nemaska Lithium intends to become a lithium hydroxide supplier and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.

For a more in-depth look into QMC you can view the in-depth report at USA News Group: http://usanewsgroup.com/2017/12/12/how-to-play-the-stock-markets-january-effect/
http://usanewsgroup.com
info@usanewsgroup.com 


Legal Disclaimer/Disclosure This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of USA News Group only and are subject to change without notice. USA News Group assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

DISCLAIMER: USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact Information:
FN Media Group, LLC
e-mail: editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611

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