In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The Tencent deal is a pretty shrewd stratagem that once again shows Elon Musk is a far better business man than he is usually given credit for. It also shows that Tesla and its technologies; battery storage, electric cars, self-driving vehicles and solar panel may have a bright future ahead.
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Or the car-rental companies might find themselves facing a greater nightmare. If Uber were to collapse, a major automaker might buy it and Hertz and Avis would find themselves competing directly with Ford (NYSE: F), Toyota (NYSE: TM) or even Volkswagen.
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The oil industry will survive the coming of Hyperloop and electric cars; but it will look nothing like the one we have known. Instead it will be smaller and only a few companies in it will make money. Smart investors will stay out of oil for the foreseeable future, unless they are looking for something to short.
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Investors would be well advised to stay away from Toyota; until it can get over its revenue struggles. My take is that Toyota could be setting up for a major fall in share price, because it cannot retain its revenue growth; despite the company’s size.
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Tesla gets another potential source of income here ;because it can sell supercharging equipment to filling station operators. That means it can expand its network without building the stations. It can turn a loss leader into a potential source of revenue.
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