Okay ¯\_(ツ)_/¯ The market doesn’t care how we feel. People want cars. Sell them electric cars. Tesla can’t build them fast enough to meet demand. Those vehicle batteries (along with stationary storage batteries) will be recycled at end of life by Redwood Materials into newer, better batteries in 5-15 years. These cars will never burn petroleum, and will get cleaner as the grid gets cleaner. The price of refined petroleum will stay high because of no slack in refinery capacity, as capital won’t invest in an industry without a growth future. This further drives consumers to EVs. These are all facts.
Opinion: I can sell my 2021 Model Y for $15k more than I paid for it, and my 2018 Model S for $20k less than I paid for it with 100k miles on it. That’s fairly good value preservation imho.