Chinese stock market is down 20% on the year - https://www.bloomberg.com/news/articles/2018-09-17/china-s-s...
Chinese GDP is lower than whatever is being reported. Chinese GDP has supposedly been between 6-7% for the last six years, but Chinese consumer debt has increased eight fold (https://www.ft.com/content/5d01b4d8-c1f9-11e8-95b1-d36dfef1b...) during the same period. So that obviously means the Chinese consumer has less pocket in their cash. All the numbers I cited are valid and my point still stands. The US is the only country whose financial markets are positive or flat for 2018 - everyone else is down. China GDP is up in 2018, but slightly. Outside of Germany, all of European GDP is down in 2018 - a lot. Look at Italy and France, negative GDP.
There will be millions fewer vehicles sold in the years to come, globally, and consumers will be more price conscientious in that period than they are today. EVs are toys for the rich, for at least the next 10-20 years.
There will be ZERO $35,000 M3s sold before the US federal subsidy is halved to $3750 starting 2019.01.01. That, at minimum, will make it a $38,750 car. Without any options. Oops.
Musk himself is dead silent on WHEN the $35,000 M3 will sold, but is shilling some $40k+ something variant - https://www.cnbc.com/2018/10/18/tesla-ceo-elon-musk-tweets-a...
There has been talk of extending the federal subsidy it but it's all just talk. Talk means nothing. Tick tock, 2019.01.01 isn't that far away. Less than 60 days.
I don't work for the oil industry, I work in software, but thanks for playing. I can do this all day.