Tesla Joins S P 500 As Electric Car Stocks Surge
Critics have long said market demand—not top-down government decrees—will spark the shift to renewable energy and away from gasoline and diesel-powered vehicles. “Thousands of engineers are working every day to make electric cars smarter, but no oil company is working to make oil smarter,” Manish Shah, CEO of Miami Beach-based Tollbooth Strategy, told Newsweek. “As battery prices come down and industry grows, economies of scale will expand the market,” he said....