It pays to parse the language of any company’s earnings report, but perhaps more so for Tesla Inc. You could say it’s in the corporate genes.
Tesla investors begin the new year trying to escape the shadow of 2022, when more than $670 billion of value was wiped out.
Just two months ago, Elon Musk speculated that Tesla Inc. would eventually be worth twice as much as Saudi Arabian Oil Co. — AKA Saudi Aramco, AKA the biggest listed company in the world with a market capitalization (then) of $2.1 trillion.
President Joe Biden’s administration outlined a new rule in October whereby the Department of Energy could buy oil for future delivery — most likely 2024 — at fixed prices to refill the Strategic Petroleum Reserve.
Ever since Elon Musk launched his takeover of Twitter Inc., fans of Tesla Inc. have worried about the genius getting distracted. And during the new Twitter’s first six weeks — has it only been that long? — Musk has certainly come across a bit distracted. Addled, even.
Once again, we are on the cusp of a nuclear renaissance. Actually realizing one requires something nuclear power isn’t known for: Speed.
In between dabbling in geopolitics and buying-rejecting-no-really-buying Twitter, Elon Musk runs a car company.
It’s October and we’ve avoided slipping into a third world war for almost eight months, so we have that going for us.
The phrase “$10 gas” is liable to put Americans in the hospital.
Six of the largest Western oil producers — BP Plc, Chevron Corp., ConocoPhillips, Exxon Mobil Corp., Shell Plc and TotalEnergies SE — are expected to generate free cash flow, after capital expenditure, of $163 billion this year.
You might think that the IPO of electric-truck wunderkind Rivian Automotive Inc. — with its valuation soaring past $100 billion on zero revenue — perfectly captured the madness in autos in 2021.
It’s been one year since the bombshell announcement of positive test results for Pfizer Inc.’s Covid-19 vaccine jolted stocks higher. Since that day, no sector has soared faster than energy.
The first car I ever owned was electric. I had driven many regular rentals up to that point. But having lived most of my life in London and then New York, owning never appealed; both cities offered cheaper forms of masochism (I’m told).
There is a strong case to be made that such dividends in such an inherently volatile business as oil is asking for trouble.
