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The World’s Best Stocks

March 2, 2023

Sell MP Materials (MP)

MP Materials (MP), a rare earths mine and processor, is down about 11% this morning.

The cause is most likely Elon Musk’s comment yesterday that Tesla is working on a plan to produce EV motors without any rare earths.

It is unclear what he means by this comment.

He could mean that Tesla is moving back to lower performance motors, or that they will use some sort of new technology that labs are working on such as iron nickel permanent magnets.

The market seems to be overreacting but to be safe, I recommend you sell your shares in MP.

Carl Delfeld is your guide to growth trends and bull markets around the world. His Cabot Explorer will show you the vast profit potential of investing in emerging economies as well as other world stock markets.