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Sorry Elon Musk, But Oil Supply Cuts Won’t Help Tesla Sell More Model 3s

Electric vehicle sales are indirectly correlated with oil prices. A failure by OPEC+ to cut production significantly and boost oil prices is bad for Tesla. EV sales are expected to fall dramatically this year. Elon Musk knows many consumers will suffer sticker shock the first time they see just how expensive the “low-cust” Model 3…