TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

[Poll] - Saudi Arabia investment a conspiracy to control and crush Tesla?

Discussion in 'Tesla, Inc.' started by ggnykk, Aug 13, 2018.

?

Saudi Arabia investment a conspiracy to control and crush Tesla?

  1. Strongly agree!! Saudi has secret plan to control and crush Tesla. So oil will dominate forever.

    4 vote(s)
    6.8%
  2. Kind of agree. Saudi has dark intention, but their stake won't be big enough to control Tesla

    5 vote(s)
    8.5%
  3. Not sure. Saudi true intention isn't clear

    3 vote(s)
    5.1%
  4. Does't matter for me. Any investment into Tesla is good, even oil money.

    3 vote(s)
    5.1%
  5. Kind of disagree. Saudi has too much money and want to diversify. No secret plan to crush Tesla.

    20 vote(s)
    33.9%
  6. Strongly disagree!! Saudi wants to diversify and strongly believe world transition to electric

    19 vote(s)
    32.2%
  7. None of the above.

    5 vote(s)
    8.5%
  1. ggnykk

    ggnykk Active Member

    Joined:
    Feb 7, 2016
    Messages:
    1,233
    Location:
    New York
    With Saudi Arabia already having 5% stake in Tesla and they plan to increase their stake even more with Tesla go-private deal, Saudi will own a big portion of Tesla (probably will still be less than 20% owned by Elon though). Saudi claims that they are just diversifying their oil investment and also for hedging purposes. But I can't help to think that Saudi actually has darker motives behind this decision other than diversification and hedging. Should Elon accept Saudi money into the go-private deal? Is this part of Saudi conspiracy plan to take control and then crush Tesla in the future?

    Please comment/discuss and vote!
     
  2. Zythryn

    Zythryn M3 Silver, M3 Midnight Silver

    Joined:
    Mar 18, 2009
    Messages:
    2,029
    Location:
    Minnesota
    Saudi knows that there will be an end to oil. And since they aren't obsessed solely with this quarters returns, they are planning ahead.
    Being an owner in a world leading electric transportation and storage company makes sense.

    Want to lessen Saudi's influence? Buy more stock, or better yet, get other countries to up their game.
     
    • Like x 1
  3. Buggle

    Buggle Member

    Joined:
    May 16, 2018
    Messages:
    397
    Location:
    Vaughan
    Where's the "we really don't need another thread on this topic" vote button? :p
     
    • Like x 4
  4. ggnykk

    ggnykk Active Member

    Joined:
    Feb 7, 2016
    Messages:
    1,233
    Location:
    New York
    well, there is no poll in other related thread, haha.
     
    • Like x 1
  5. cityberty

    cityberty Member

    Joined:
    Aug 10, 2018
    Messages:
    11
    Location:
    NY
    How will this pass CIFIUS review? Same with Tencent. Also it is my understanding that Tesla shares some R&D with SpaceX that makes it even more unlikely for it to happen.

    Tesla may still go private but not with Saudis
     
  6. BerTX

    BerTX Active Member

    Joined:
    May 2, 2014
    Messages:
    2,737
    Location:
    Texas/Washington
    They have lots of open land and lots of sunlight. They have lots of tankers. They will take over Tesla to build solar panels to make power and batteries to fill the tankers, charge the batteries in Saudi Arabia and ship the electrons to America. Plug the tanker into the grid and make more trillion$.;)
     
    • Funny x 2
  7. Graphene

    Graphene Member

    Joined:
    Aug 7, 2018
    Messages:
    18
    Location:
    North West, UK
    Completely agree with you on this. I've thought for some time that with the oil industry starting to decline it is only logical that they would diversify their wealth.
     
  8. ggnykk

    ggnykk Active Member

    Joined:
    Feb 7, 2016
    Messages:
    1,233
    Location:
    New York
    wow, most people actually believe that Saudi believe in the electric future. Surprising.
     
  9. nwdiver

    nwdiver Active Member

    Joined:
    Feb 17, 2013
    Messages:
    4,089
    Location:
    United States
    There are 2 or 3 Saudi Arabias. The Government / Royal Family is largely western educated and likely accepts climate change. The Theocrats have a tenuous relationship with the government and help keep the masses under control. My understanding is that the population is largely disaffected from the government and kept constrained with a combination of generous public assistance and a police state.

    The Saudi Government like other middle east governments have been actively working to diversify their economies so they can survive the end of oil. They have a MUUUCH longer time horizon than an oil company so their motivations are vastly different. Jared Diamond points out in Gun, Germs and Steel that the longer time horizons is one of the rare advantages to less democratic governments... they plan for decades... not 4 or 6 years.
     
    • Like x 1
  10. buttershrimp

    buttershrimp Click my signature to Go Mad Max Mode

    Joined:
    Jun 17, 2017
    Messages:
    2,173
    Location:
    ATX
    Next Gen Supercharger. DAX_J45UMAAJ410.0.jpg
     
    • Funny x 2
  11. eye.surgeon

    eye.surgeon Active Member

    Joined:
    Nov 18, 2014
    Messages:
    1,155
    Location:
    California
    The US has produced more oil than Saudi Arabia the last 4 years in a row. People have a very distorted view of who actually dominates the world oil market.
     
  12. nwdiver

    nwdiver Active Member

    Joined:
    Feb 17, 2013
    Messages:
    4,089
    Location:
    United States
    #12 nwdiver, Aug 14, 2018
    Last edited: Aug 14, 2018
    .... yes, because as a member of OPEC they limit their output to reduce the price suppression of oil. Saudi Arabia has the 2nd largest reserves after Venezuela.
     
  13. eye.surgeon

    eye.surgeon Active Member

    Joined:
    Nov 18, 2014
    Messages:
    1,155
    Location:
    California
    Not exactly...
    U.S. Has World’s Largest Oil Reserves | OilPrice.com

    The US also limits their output, the difference being it is limited by the free market. The higher the price the more the US produces. Saudi limits their production based on centralized management of the economy. Self-reported reserves from non-democratic, managed economies are notoriously unreliable.
     
  14. nwdiver

    nwdiver Active Member

    Joined:
    Feb 17, 2013
    Messages:
    4,089
    Location:
    United States
    'Rystad estimates that the U.S. holds 264 billion barrels of oil, more than half of which is located in shale.'

    Not really much good to anyone if it costs more to extract it than you can sell it for... The breakeven cost of extracting shale is often >$100/bbl. Saudi oil is <$12.
     
    • Informative x 1
  15. moemoke

    moemoke Member

    Joined:
    Oct 10, 2014
    Messages:
    155
    Location:
    Moe, Victoria, Australia
    A few questions to ponder, just for fun.

    How much are the Saudi's expected to spend to get a larger stake if Tesla goes private? I saw somewhere $64 billion
    What is the return on investment for the Saudi's if they invest in Tesla? I guess if Tesla's losing money it is negative $
    How much does Elon need to move to Mars?

    They are expected to get $131 billion in oil revenue this year up 12% on last year so doesn't look like the increasing number of EV's
    hasn't affected oil production.
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC