The sharp fall in oil prices is bad news for electric car maker Tesla. If gasoline prices remain at a low level for a long time so is the threat to the electric car industry, according to Tesla founder Elon Musk.
– The need for sustainable transport is incredibly large, regardless of plummeting oil prices he said at the auto show in Detroit.
According to Musk, it is even more necessary certainty to the automotive industry effort to implement a transition to electric cars and investing heavily in their electric car project.
Musk, who built his fortune by payment company PayPal, which he sold to Ebay, has always been regarded with suspicion by the giants General Motors and Ford.
The Tesla struggling to be profitable. Large investments in production facilities in California and in a battery factory in Nevada means that cash flow is still negative.
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