If you look at Tesla the stock is up dramatically this year and hopefully it will introduce an electric vehicle priced closer to the average vehicle. Instead of paying at the gas pump you will pay at the electricity charging, but the bill should be much less. If the car is popular and more people buy it, Tesla could change the industry. As the price increases, sometimes you want to buy but then the price says maybe, is there another way to play the game? The answer tends to be yes, but it does take some homework. One way to bet on Tesla is through the companies it sources. According to Mark Burton  of Bloomberg News one method to bet on Tesla is through the demand for cobalt the batteries of the vehicles use. One of the most important part of the Tesla is the battery, not your average battery but one that allows for longer drives without charging again.

The Tesla’s batteries use cobalt and cobalt trades on the future exchanges and there are some public companies which mine the material and have shares the public can buy. The risk is high with these types of companies. The good news is all the automobile companies are beginning to adapt to the changes coming as they expect hybrid and electric cares to make up about a third of new car sales by the end of the decade.

Linking to dividend paying stocks, while Tesla is not paying dividends yet, it is has gone up dramatically and any company which rises in value is worth paying attention to. Tesla could rise up and fall or continue Elon Musk’s rising net worth for Tesla has a greater market value than GM with considerably less capital investments and vehicle sales. The electric vehicle could be here or you might want to invest in utility stocks which will need to ensure the electricity is there to power the cars as you collect your dividend.

There are more questions than answers, till the next time – to raising questions.