"I wanna tell you, one of the greatest ironies in American industry in the last few decades is that if oil goes up to 150 and it stays there for a while and gas goes to seven bucks, that GM and Ford will have gotten out the EV, you know, all of a sudden. You spend all those billions to get into the EV business, you couldn't sell a single car. And then suddenly everybody in the United States is rushing to dealers to buy EVs."
"They're the only people who stayed in the EV vehicle. They never got out of it. I'd be buying some Tesla right now, just so everybody knows. I think it's overvalued because I hate the robotics play. I think I would buy some Tesla today on the gas play."
Middle East tensions are causing oil and gas prices to surge, creating favorable market conditions for electric vehicle companies like Tesla. Major automakers GM and Ford scaled back EV investments despite spending billions to enter the market, creating an ironic situation where sustained high gasoline prices could drive consumers to seek EVs precisely when these companies have reduced their EV production capacity. Tesla maintained its commitment to electric vehicles throughout market fluctuations and stands to benefit significantly if geopolitical disruptions keep fuel prices elevated. The scenario presents Tesla as a potential major winner, having never abandoned its core EV business while competitors retreated.
#ev-market-dynamics #geopolitical-impact-on-oil-prices #tesla-competitive-advantage #automaker-strategy-reversal
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