Saudi Arabia under MBS has been entirely about trying to diversify the country's economy away from oil wealth. They know the writing's on the wall that a nation-state propped up entirely by fossil...
Saudi Arabia under MBS has been entirely about trying to diversify the country's economy away from oil wealth. They know the writing's on the wall that a nation-state propped up entirely by fossil fuels can't last more than another few decades.
Expanding their ownership of Tesla from 5% to something larger is completely consistent with that goal.
I remember an article on how the whole Saudi society will collapse without oil wealth, even with a sovereign wealth fund of a few trillion dollars. I can't find it, so maybe it was just my...
I remember an article on how the whole Saudi society will collapse without oil wealth, even with a sovereign wealth fund of a few trillion dollars. I can't find it, so maybe it was just my imagination.
Sometimes I dislike two separate entities and the universe makes it very easy to re-affirm my worldview by pairing those two entities together. The Saudi government and Tesla are two such entities.
Sometimes I dislike two separate entities and the universe makes it very easy to re-affirm my worldview by pairing those two entities together. The Saudi government and Tesla are two such entities.
Mainly the labor right violations and anti-union threats. Their engineers have done a lot of great, innovative work but the corporation itself is pretty slimy. EDIT: removed inaccurate bit about...
Mainly the labor right violations and anti-union threats. Their engineers have done a lot of great, innovative work but the corporation itself is pretty slimy.
Electric vehicles will reduce demand for oil. Those sitting on an ocean of oil would buy into the technology to do what? Reduce the demand for their oil?
Electric vehicles will reduce demand for oil. Those sitting on an ocean of oil would buy into the technology to do what? Reduce the demand for their oil?
They know the day is coming where nobody wants their oil. Hedging their bet with a stake in electric cars means that as their oil wealth decreases they will get some money from electric car sales...
They know the day is coming where nobody wants their oil. Hedging their bet with a stake in electric cars means that as their oil wealth decreases they will get some money from electric car sales as well.
Saudi Arabia under MBS has been entirely about trying to diversify the country's economy away from oil wealth. They know the writing's on the wall that a nation-state propped up entirely by fossil fuels can't last more than another few decades.
Expanding their ownership of Tesla from 5% to something larger is completely consistent with that goal.
I remember an article on how the whole Saudi society will collapse without oil wealth, even with a sovereign wealth fund of a few trillion dollars. I can't find it, so maybe it was just my imagination.
Sometimes I dislike two separate entities and the universe makes it very easy to re-affirm my worldview by pairing those two entities together. The Saudi government and Tesla are two such entities.
What do you dislike about Tesla? Not trying to defend it - just kind of curious.
Mainly the labor right violations and anti-union threats. Their engineers have done a lot of great, innovative work but the corporation itself is pretty slimy.
EDIT: removed inaccurate bit about monopolies
If they wanted a monopoly on electric cars they wouldn't have open sourced a lot of their patents.
I wasn't aware of that, I'll take your word for it. That's good of them.
hun, well til.
Electric vehicles will reduce demand for oil. Those sitting on an ocean of oil would buy into the technology to do what? Reduce the demand for their oil?
They know the day is coming where nobody wants their oil. Hedging their bet with a stake in electric cars means that as their oil wealth decreases they will get some money from electric car sales as well.