Pardon my bruskness. I should have said that I do not believe that Tesla could be part of the equation at present. Besides, like uranium, it could be that cobalt is an element that was previously overlooked in Arizona porphyry copper mines. It may prove surprisingly abundant, though we are a long way from having that possiblity effect demand and prices.
This is not to belittle what LBSR may have at Hay Mountain. Just trying to put things in context as cobalt, if present in economic amounts, is more likely to be a byproduct than a primary ore.
Having said that, only drilling can provide our answers.