I like to follow various stock analysts and podcasts.
To a one - they all seem to be predicting that oil is “dead.” Not now, but by 2040. All cars and trucks will be electric, no one will need gasoline or diesel. Energy will all be “green” and renewable - and the key is - printed government money and debt will be behind it.
But reality seems to say something different.
Hmmm. Gonna need a LOT of evs. Saw an ad from ford the other day featuring the new electric mustang. And it sounded like they’re jumping the shark and moving in that direction for all their stuff.
I really don’t see the advantage of paying more than twice as much for a car with a 300 mile range. The idea of long haul trucks going electric is ridiculous.
But, hey, the Soviet Union was a real thing for seventy years, so the depths of government enforced stupidity are unfathomable.
The power-train and battery technology incorporated in the Tesla branded vehicle is applicable in other venues. An electric storage battery substitution for a straight gas turbine peaker-plant appears to have become competitive. Any opinion of the valuation trend of Tesla from the non-automotive perspective?