I am generally quite critical of anything from China, apart of Alibababa electronic materials purchases and when they are giving hard time to Mr. Musk. Especially since the US regulators are not capable/interested to sort him out.  It is quite hard to believe any such excuse. TSLA had the quarterly conference call few weeks ago. I guess a 27% decline in the key market is information not material enough to inform shareholders about. The same about the chip shortage, while most of the other OEMs did mention that during quarterly calls, Tesla kept silent about it till the info about the China shortfall got public.

Anyway, LAC has got detached form TSLA story yesterday. The sprint from pre-market low to the close was rather extra ordinary. I really wonder, what is being cooked behind the scene? LAC is getting reasonably good marks from analysists recently.