Lithium Americas Stock Drops After HSBC Cut: Why Thacker Pass Is Back Under Scrutiny
Lithium Americas shares fell Tuesday after HSBC cut its price target to $4.75 and kept a Hold rating, erasing part of Monday’s gains. The stock traded near $4.95 at 10:00 a.m. ET, down from $5.25. The Thacker Pass project in Nevada, backed by GM and the U.S. Department of Energy, faces scrutiny over construction, tariff, and financing risks as it enters peak spending.