2xar

Both, of course.

there's no abundance of it, especially not enough for everyone to switch to EV.

That's not true at all. There are 1.4 billion cars in the world now, while the lithium ores that are readily available for mining (22 million tons) were estimated to be enough for 2.8 billion cars a year ago. Twice the amount of cars existing today.

But since then, there was already another massive stockpile discovered in the US, that alone is bigger than that (20-40 million tons), so enough for another 3-5 billion cars. But there will surely be discovered new sites, now that we are actually, intensely looking for it. We have been looking for oil for more than a century now and are still discovering new reserves. Lithium will be the same.

Nokia was way more dominant in the phone market than Toyota in the automotive industry. Yet, when it was time to jump on the new technology that everyone else was jumping on (android), they fell into the sunk cost fallacy and stood by their own, outdated tech (symbian). That promptly got them bankrupt. Toyota may still change its course, but if they wait too long, they are going to end up just like Nokia did.

Who would have thunk?

That is still overpriced i think. Although, much less egregious than what Nv is doing. Launch msrp for a HD7850, which was the same category as the 6700XT today (upper middle tier) was 250 usd. A few years prior the 4850 started at 200 usd. Even the Rx 480 started at only 230 usd. And those were all very decent cards in their time.