Big Oil wants Tesla

Discussion in 'In the News' started by Milan B, Aug 13, 2018.

  1. Milan B

    Milan B Member

    Joined:
    Jan 8, 2018
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    Location:
    CA
    What happens if the Saudi Wealth Funds buys Tesla and then just decides to shut it down because they want to continue selling oil? Big tech companies buy smaller ones all the time just to keep the competition out. Tesla is just as much a tech company as it is a car company.
     
  2. gillies

    gillies New Member

    Joined:
    Jul 27, 2018
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    I think it's a possibility, however, I think also that the writing is on the wall for the Saudis and they know it. When we had the oil-price crisis / shortages 2005-2012, and gas was $4.50 a gallon in the USA, mankind's future was laid out right before its eyes. We have a 20-25 year reprieve due to fracking now.

    Saudi Arabia has been trying to 20y for diversify away from oil. It's neighbor Dubai is doing a good job. The Saudis have built great universities but their rich children just aren't motivated to do much with their education(s). They are desperately looking for a way to maintain their livelihood. Look, mankind needed oil to industrialize and to progress as a species. Now we do NOT need oil. Even the Saudis should be able to see that, now. So they have their backs against the wall. If they kill Tesla, some other company will eventually get started to take its place. The cat is out of the bag, so-to-speak. Lithium-ion technology is the mobile energy source of the future - not OIL.
     

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