"He said it was in the interests of these firms (Big Oil) to talk down Tesla because they stood to lose billions of dollars if electric cars became widespread. About a third of global oil demand is from cars"
"if electric cars became widespread" hahaha
Is big oil also going to attack all of the ICE vehicle manufacturers who are actively converting their production to EV? - I don't think so!
And I believe big oil has well and truly accepted that the EV revolution is irreversible.
The current Tesla corporate activity is a side show - a massive one in dollar terms but not one which will change the EV future.
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- interesting article on tesla and short selling
interesting article on tesla and short selling, page-2
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