Everybody knows how important the oil industry is in our global economy nowadays, and the influence such a power can have on any aspect of every business. Now, I don’t want to cross the decent border of believing in a conspiracy theory, but when the oil business is threatened these days, it’s normal that oil magnates wouldn’t sit back and watch electric cars and alternative energy providers take their piece of meat from right in front of them.
You know Tesla Motors – they’re the ones who conceived and manufacture the Tesla Roadster – a logo for electric cars for about two years now. Tesla is spreading their offices throughout the world, a sign of good evolution. Daimler AG bought 10% of Tesla’s shares back in May.
Yesterday, Reuters reports that Abu Dhabi-based Aabar Investments (AABAR.AD) has purchased 40% of Daimler’s stake in Tesla Motors. Their reason was that they would launch a joint venture.
If the bell didn’t ring to you by now, I’m telling you that Aabar is an investment company controlled by the International Petroleum Investment Company (IPIC), owned by the Governmnet of the Emirate of Abu Dhabi, who provides most of the oil produced by the United Arab Emirates, the world’s third largest oil exporter.
So, the interest is pretty high. Now, Aabar doesn’t do much with those 4% of Tesla, but their action shows a proof of concept that electric car companies could be acquired through economic tricks by the same old oil drillers – the enemy of the electric car.
We could think of Aabar’s acquisition as a small step into what could be a way to diversify their field of action, and to easily integrate into the electric car industry, also making a greener image and a having a word to say, but it’s very unlikely.
Having seen the death of GM’s EV1, only the thought they could eventually do something similar to the electric car industry gives me chills. I know, this also seems unlikely, but I’ve seen so many unexpected movements and agreements that it wouldn’t surprise me at all if one day I’ll hear the bad news.