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If batteries reduce the demand for oil, oil's value will start to transfer to batteries.
by sillysaurus3 10y ago
If batteries reduce the demand for oil, oil's value will start to transfer to batteries.
- Alupis 10y ago> If batteries reduce the demand for oil That's a big IF. Also, it ignores the fact that every car manufacturer already has a plethora of fully electric, or hybrid models available (and they are, on average, far cheaper than the cheapest base model Tesla can offer), and the markets still don't buy them. This also ignores the fact that many companies make great batteries, and Tesla is only recently sitting down to that table. Why wouldn't Panasonic be that "trillion dollar" company? Or Sony? Or Fujitsu?
- erikpukinskis 10y agoPut a probability on the IF and multiply it by the revenue of the oil companies and you've got a valuation for Tesla.