{"id":17205,"date":"2020-12-14T07:14:28","date_gmt":"2020-12-14T06:14:28","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17205\/"},"modified":"2020-12-14T07:14:28","modified_gmt":"2020-12-14T06:14:28","slug":"tesla-and-the-end-of-oil","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/tesla-and-the-end-of-oil\/","title":{"rendered":"Tesla and the end of Oil"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"4\">\n<tbody>\n<tr>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">Gold<\/span>\u00a0 1834,755<br \/>\n(<span style=\"color: #008000;\">+1,31%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">EURUSD<\/span>\u00a0 \u00a01,2143<br \/>\n(<span style=\"color: #008000;\">+2,27%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DJIA<\/span>\u00a0 30189,50<br \/>\n(<span style=\"color: #008000;\">+1,14%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">OIL.WTI<\/span>\u00a0 47,015<br \/>\n(<span style=\"color: #008000;\">+8,16%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DAX<\/span>\u00a0 \u00a013147,62<br \/>\n(<span style=\"color: #ff0000;\">-0,75%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">Today about how Tesla&#8217;s new business model will finally kill oil workers&#8217; hopes for a brighter future.<\/p>\n<p style=\"text-align: center;\"><strong> Oil.WTI<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-17206 aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2020\/12\/Oil.WTI_-1.png\" alt=\"Oil.WTI\" width=\"600\" height=\"244\" \/><\/p>\n<p align=\"justify\">The mass adoption of electric cars will happen in a few years, when their price will be comparable to counterparts with an internal combustion engine. People living in their own homes will not need to be persuaded of anything. The car owner comes home from work, plugs his car in and goes to rest.<br \/>\nBut what should people living in megalopolises do? Drive around the neighbourhood looking for a free charger? Then wait until the car is charged, then drive around again, looking for a parking space? That&#8217;s not much of a case. That&#8217;s why oil companies are hoping that the demand for petrol and diesel cars will continue in big cities for a long time to come, increasing the demand for petroleum products.<br \/>\nWe think Tesla and Elon Musk personally see the situation differently. The challenge is for the inhabitants of metropolitan areas to give up most personal cars altogether. Nowadays, an average American family spends about $1,500 per month to buy and maintain 2 cars. Thus to inhabitants of megacities the possession of the car creates a lot of problems. It is enough that they have to park when they come to work, and then repeat this quest when they come to their flat.<br \/>\nIn about 10 years, unmanned cars will be allowed in cities. And it will be the Tesla cars that will occupy this niche first. The company&#8217;s business model will change from selling cars to individuals, to using its cars as taxis.<br \/>\nThe cost of delivery from A to B will drop by a further 2-3 times compared to even the low current price of Uber. What will the price be reduced by? No driver, no expensive maintenance, cheaper fuel (electricity), and the ability to operate the vehicle 23 hours a day, 7 days a week. Once or twice a day, Tesla drones will return to their hubs with thousands of charges. And after 30-60 minutes, they will be on the road again.<br \/>\nSuch a business model would remove the need to own a car for 1-2 billion inhabitants of megacities. Using an unmanned taxi will be many times more efficient, in terms of economy, than owning your own car. And it will be the last straw, reducing the demand for oil.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nWhat awaits us today?<\/strong><\/p>\n<p align=\"justify\">05.30 Industrial production in Japan for October<br \/>\n11.00 EU industrial production in October<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold\u00a0 1834,755 (+1,31%) EURUSD\u00a0 \u00a01,2143 (+2,27%) DJIA\u00a0 30189,50 (+1,14%) OIL.WTI\u00a0 47,015 (+8,16%) DAX\u00a0 \u00a013147,62 (-0,75%) Today about how Tesla&#8217;s new business model will finally kill oil workers&#8217; hopes for a&#8230;<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tesla and the end of Oil | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"Today about how Tesla&#039;s new 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