Saudi Aramco has Good News for Elon Musk and Oil Companies

A long term threat to oil companies is electric cars. They’re coming fast and not just from Tesla, Seeking Alpha contributor Anton Wahlman calculated that 143 electric vehicles are scheduled to hit the roads by 2022.

The big year for electrics will be 2022 when 115 electric models are scheduled for rollout. Although there might not be market for those vehicles the biggest electric producer; Tesla Motors (NASDAQ: TSLA) has yet to sell 100,000 cars although that might happen this year.

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