Covid 19 has given us glimpse of what will happen to Halliburton if oil demand decreases. In the future, it wont be the virus the problem anymore. It will be Tesla,Nikola,VW GM etc. Tesla is currently working on a Million miles battery that will outlast the car. Dont worry guys, Halliburton has ICruise.
Exerpt from Barron's
"Electric vehicles are coming. General Motors (ticker: GM) is partnering with EVgo, adding more than 2,700 fast charging stations over the next five years to “accelerate widespread adoption electric vehicle adoption.”
¿How rapidly the shift happens might be the most important automotive question of the coming decade.
GM, for its part, is very focused on electric-vehicle technology now. Earlier in 2020, the company hosted a battery-technology day, touting technology that allows a vehicle to go 400 miles on one charge. GM works with LG Chem (051910. Korea) on its battery platform.