Energy

Liam Denning is a Bloomberg Gadfly columnist covering energy, mining and commodities. He previously was the editor of the Wall Street Journal's "Heard on the Street" column. Before that, he wrote for the Financial Times' Lex column. He has also worked as an investment banker and consultant.

Oil prices may be on the floor, but we still use a lot of the stuff -- and Big Oil still rakes in billions from that. So why should it be scared of Tesla, which makes electric vehicles hardly anyone can afford and burns cash like you burn through a tank of gas? Because unlike the oil behemoths, investors can’t wait to give Tesla more of their money. Click on the video below to see more.

Big Oil Should Fear Tesla -- Dead or Alive

 

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the author of this story:
Liam Denning in New York at ldenning1@bloomberg.net

To contact the editor responsible for this story:
Mark Gongloff at mgongloff1@bloomberg.net