4 ms·

Ofcourse its the Saudi's. Why? because Tesla can make their oil worthless. Strange times indeed.

• rurban 8y ago
  Motivation has any of the big car companies, if US, German, French or Japanese. Saudi money is in many of them, esp. Daimler. Killing electric cars happened before, and most likely is the main goal here. They are certainly worried to death.
  • perl4ever 8y ago
    "Killing electric cars happened before, and most likely is the main goal here." The reason I don't think this cliche makes sense, is because if oil is going to get more expensive, whether because of scarcity or regulation to prevent climate change, then demand for oil will go away. Higher prices mean less revenue at some point. So it's rational to try to diversify into alternatives to oil, because if you don't, no matter what you do, markets will induce people to develop them.
• mrep 8y ago
  I wouldn't call that strange. That's perfectly rational hedging your investments which gives even more weight to why it is the saudis.
• dragonwriter 8y ago
  > because Tesla can make their oil worthless. No, it can't. Even if 100% of cars and trucks were electric, Saudi crude wouldn't be worthless.
  • acct1771 8y ago
    Instead of it being a main fuel source, would only be useful as lubricants, and plastic compounds until hemp is allowed to become popular for manufacturing again.
    • dragonwriter 8y ago
      No, even if 100% of cars and trucks were electrified, light sweet crude would still be the feedstock for fuel for aircraft, ships, boats, trains, small engines (gas-powered tools, etc.), portable generators, and so on.
      • jplayer01 8y ago
        And that would be devastating for countries who are as reliant on oil as Saudi Arabia.