RE:How do you think this ends?grrrr...i suck at cutting and pasting on SH......in a nutshell, the author commented that APPL announced today that it was walking away from it ten year multi-billiion dollar attempt to make EV's and repurposing its 2,000 engineers that were working on the project because the math doesn't work ...and BYD (now the biggest producer of EV's in the world has stated that "if you are not invested in EV's, you are out, you will die, you have no future".......and Volkswagon has stated that "there are crazy things going on in China and at Tesla" in reference to price cuts making it impossible to compete.
All of the above statements are predicated upon Tesla selling $50,000 vehicles and batteries that cost 40% more than they will cost in a year or two.
In 2025, Tesla is going to unleash a $25,000 vehicle that is going to destroy the Big 3 American auto makers. A Mexican politician has announced that the Tesla Mexio plant is expected to break ground on Sunday and Tesla has proven they can build their monster sized plants in about 9 months without beurocracy getting in the way. BYD is making plans to start up production in Mexico shortly as a means of circumventing that US import duties and becoming eligible for the US$7,500 IRA credit. Ford has already declared its intention to direct all new auto plant construction to Mexico after getting laid by the UAW.
Whether you believe me or not, this is happening.
If you think oil assets are difficult to sell now, wait until Americans can buy a Tesla for $25,000 less $7,500 or more in tax credits next year.
How long will it take for the weekly oil and gas inventory numbers that I see posted here every week to turn UGLY when people can buy the safest car in the world for $15k that will be almost free to operate?
People can hate Elon and EV's all they want but when they are faced with spending $15k net for a Tesla or $30+k for an ICE vehicle, what do you think they will buy? At some point, the media will no longer be able to control the narrative as the evidence will be overwhelming. That is when the crash in ICE sales will be spectacular. When that happens, what happens to SU? Nobody here thinks it will happen as fast as it is going to happen.
Every SU shareholder should be praying that Trump will win all of the criminal trials he will be facing before next November and that Biden doens't step down.
Many here think I'm just shiite talking like a troll. I can assure you that I'm actually looking out for your best interests as I don't have a dog in the fight.