Nice major top structure in place. (Short term M top and long term double top)
Have fun!
We've plenty of cheap oil for years to come, why bother about electric cars?
And no, the cheaper Tesla model will not save it.
We've a huge glut of cars in GM's warehouse as a result of QE. Overleveraged, overbuild without consumption increasing. It is way more than 2009 right now.
www.zerohedge.com/ne...ms-china-parking-lot
Tesla business isn't sustainable too, solely relying on government subsidy and with a weakening China.
The bubble will deflate once the hype disappears.
Have fun!
We've plenty of cheap oil for years to come, why bother about electric cars?
And no, the cheaper Tesla model will not save it.
We've a huge glut of cars in GM's warehouse as a result of QE. Overleveraged, overbuild without consumption increasing. It is way more than 2009 right now.
www.zerohedge.com/ne...ms-china-parking-lot
Tesla business isn't sustainable too, solely relying on government subsidy and with a weakening China.
The bubble will deflate once the hype disappears.