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Tesla’s production expansion, surging oil prices bring stock upgrade from Daiwa Securities

Teslarati

Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock.

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$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Green Car Congress

The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.

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Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit

Green Car Congress

Any major disruption to cobalt today would likely curb EV proliferation in the early 2020s, in turn supporting long dated crude oil prices,” Bank of America Merrill Lynch warned. That would alter oil demand forecasts, but in complicated ways. EV sales are growing quickly, with the number of EVs on the roads picking up pace.

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 million units for 2020, with light vehicle sales forecast to post 22.4 million units. year over year.

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Report: California Gasoline No Longer the Most Expensive

The Truth About Cars

Washington’s fuel pricing isn’t a matter of it being isolated in the middle of the ocean. Earlier this year, the state introduced a new carbon-pricing program (part of the Climate Commitment Act, and Clean Fuel Standard) that fines businesses for any greenhouse gas they emit.

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Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

Green Car Congress

Total PEV sales in Asia-Pacific. Unit sales of all electrified vehicles in Asia-Pacific will surpass 1.2 China alone will experience a CAGR of 76% to reach 554,114 unit sales of all electrified vehicles by 2015, and will represent 53% of total regional sales. Click to enlarge. billion in 2015.

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The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

And it has become clear that not only oil and gas giants are being targeted, after one of the world’s largest mining and commodity trading companies, Glencore, decided to put a limit on its thermal coal investment. The group was founded a little over a year ago but has already forced oil majors’ boardrooms to take radical decisions.

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