Henry Ford was a true visionary who built a car for the masses. A car for the common man. What exactly does Elon care about other than the bottom line? Building cars for the Elite?
I do not buy your argument that Musk is in it for the common good, and if even so, that is not a valid reason to buy stock in his company.
Safety comes at a price. Too bad Tesla doesn't care for the safety of the common man and lowers the price so common people like me aren't risking our lives in 25K time bombs.
As the Worlds wealth continues to concentrate into fewer and fewer hands and the rest left wanting, who will be left to buy such bastions of safety?
If you are buying a stock out of 'Moral' reasons, or some Don Quixote Idealism, then you'll soon find yourself down here in the rubble with the rest of us, worried more about food and housing, and not so much about the brakes of your 91 Plymouth Duster.
Buy oil now. Buy it when it goes lower. Buy Ford, Chrysler, and even GM.
Tesla is a niche market competing with high end BMW and Mercedes without the SUV comparable.
Tesla needs a poor mans car. We are talking sub 30s or a Prius competitor at least.
The market is just too limited for Tesla. It's all about the person who can afford Prestige and is also environmentally conscience and not Brand Loyal/Hopeful.
But wait, Tesla will have it's time. Oil just needs to be higher.
Just hold on. Nibble a little here and there. I have followed this stock for over 10 years. It is volatile. The dividend comes and goes.
Low Energy (if it lasts) will have huge effects in the US and maybe even more in China and India, not to mention they will offset production costs for FCX.
That is all theory.
Here is my 2 cents, but I offer it up for free.
Currently, Canada and the regions supporting the Oil Sands, has limited options to transport it's oil, either light or heavy. It lacks major pipelines in all directions that reach capable refineries or major export hubs.
Because of this, I would guess that a premium is placed on Rail car capacity/availability, or Tanker Trucks. There may even be elevated insurance costs while transporting via Rail car or Tanker Truck due to elevated risk of loss, but that is only a guess on my part.
Approval of any large pipeline project, that can more efficiently and safely transport Canadian oil, light or heavy, would add competition to the oil transport infrastructure in place and lower transportation costs for all producers across the board.
As my thesis goes, any of the proposed pipelines, if approved and built to completion, would be like a rising sea that would lift all ships whether those producers used the pipeline directly or not.