Attention long-term investors: The rise of Tesla tells you to load on copper (AT)
In a two (2) year period Tesla ( TSLA ) has risen more than 700%. TSLA has now a market capitalization of around US$464 Billion. The rise of Tesla tell us that there is a global shift towards vehicle electrification. TSLA’s market valuation is the envy of all car makers. In their bid to improve their market valuations, car makers will copy TSLA and make prominent in their line-up electric motor vehicles. There is a growing trend of vehicle electrification and that trend is gaining traction due to the rise in valuation of TSLA. Market now believes electrification is the future. Vehicle electrification needs a lot of copper wirings. Prices of copper, a metal used in wiring, have surged to a two-year highs as producers struggle to keep up with strong demand in China. But the longer-term prospects of copper is in global electrification, including the shift toward electric vehicles. That means copper is considered a green metal and big mining companies want more of it in their po...