Tesla Motors Inc (NASDAQ:TSLA) Chief Executive Officer Elon Musk has been getting a lot of press for most of this year, initially with Tesla’s first profitable quarter. Now his plans for the Hyperloop are getting a lot of attention, especially since he originally put them out there in hopes that someone will build it. After all, how would he have time to do it when he’s got Tesla Motors Inc (NASDAQ:TSLA), SolarCity Corp (NASDAQ:SCTY) and SpaceX to run?
If Musk doesn’t build it, then who will?
Unfortunately though, if Musk doesn’t build the Hyperloop, it might not get built. At least that’s the view of the writer of Daily Dirt Nap. Musk did go back later though and say he would build the first prototype of the Hyperloop, so it will see the light of day—at some point. But what’s most important about the Daily Dirt Nap’s post is the view that everything Musk has been doing is about changing the world, and he’s working against people with big interests and even bigger wallets. Human beings don’t like change, especially if that change hurts our livelihood.
Auto dealerships around the country have been actively fighting Tesla Motors Inc (NASDAQ:TSLA)’s direct to consumer sales model. They stand to lose a lot if this is how auto sales start going. If the sales model works well, what’s to keep other automakers from doing the same thing? Auto dealers could be in trouble. As a result, they’re less concerned with what’s best for people and more concerned with what’s best for them.
We’re on an oil timer
Tesla’s vehicles themselves are a big threat to oil companies as well because they run completely on electricity. We all know how deep the pockets of Big Oil are. But oil won’t last forever. We’re on a timer that has little to do with the price of oil and a lot to do with how much oil exists in the world.
In the U.S., oil production peaked back in 1971 and has been declining since then, according to the U.S. Energy Information Administration. Some argue that the world’s production has already peaked, while others, like the Association for the Study of Peak Oil & Gas, say this will happen by 2018. And as the global population rises, the fact is that we will need other sources of energy.
Electric cars are the future because we have few other viable choices. We can generate electricity using sustainable sources, although most electricity is currently generated using fossil fuels because sustainable technology hasn’t caught up just yet. But once again, we have Elon Musk in the center of the sustainable energy fight with his company SolarCity Corp (NASDAQ:SCTY). And once again, he’s up against another group with big wallets: the energy companies.
The world has to change
So whether the world likes it or not, we are going to have to change, and Tesla Motors Inc (NASDAQ:TSLA) and SolarCity Corp (NASDAQ:SCTY) are leading the charge under Elon Musk. But how long will it take for his way of thinking to catch on? There’s a lot of money to be made by forward-thinkers like Musk, but they’re facing an uphill battle—at least for now.