RE:The question of $100 oil is only WHENTelsa sales have collapsed in Europe, but its not because EVs are losing popularity. Tesla has been losing market share in the European EV market as VW and Renault-Nissan-Mitsubishi have caught up in the space. This in and of itself shouldn't be surprising...its extremely bizzare that the market prices Tesla as if it has a monopoly in the EV market
https://www.cnet.com/roadshow/news/tesla-ev-sales-western-europe-falling/ Tesla obviously offers a qulity product...but its insane to think that none of the tradional automakers will ever be able to catchup with it.
lovehockey wrote: Is it this year?
Is it next year?
Is it by 2025?
Is it by 2030?
Transition to EV's is choking. Tesla sales in Europe are collapsing, people learn that the range anxiety is real, the charge network is only somewhat accessible in larger cities, people finally understand that turning heat on kills the range where in ICE vehicles it doesnt, to build a proper infrastructure to support charging will cost trillions of dollars that will come out of our pockets, price of EV's and similarly equiped ICE vehicles is not even remotely close, price of charging can skyrocket any time. All of this is a wake up call that our reliance on the OIL is only going to increase. We have gone through a period where oil prices were kept artificially low but now this will come to an end.
What do you guys think? I think 2022 we for sure will see $100 WTI.