Tesla, like Windmills, are really Carbon Credit industries. To tap into the lucrative Carbon Credits they have to make electric vehicles and windmills, although the loss on those is worth it because of the lucrative subsidy.
The irony is that German car manufacturers have been forced to buy Tesla’s carbon credits.
Ferrusian Gambit
2 years ago
In other news Elizabeth Holmes was charged for fraud. Not related at all.
Jon Redman
2 years ago
Some very good points, and given the cost, short life and other issues EVs I reckon we could see a significant spike in the second-hand value of reliable, economical, well-specified petrol cars as 2030 nears.
I’m sure that’s what the state would want to do, but I predict a riot if you tell people they either buy an unaffordable EV or pay unaffordable prices for petrol. You’re basically outlawing the private car.
Tesla must be one of the greatest confidence tricks ever perpertrated on a seemingly ever more gullible public- remember the last time that markets ignored financial fundamentals such as credit rating, NAV, ROE, cash, margin… and p/e ratios were deemed to be ” yesterdays metrics”? Yup… in the pre 2001 dot com boom/ collapse, when false valuation and ipo were exposed.
Anyone who can look you in the eye and tell you, let alone believe, that Tesla is actually ” worth” n times Toyota is either deluded, dishonest, or both.
Just one example is Toyota’s massive share of the global ‘ working’ 4×4 market ( the UN allegedly buys 200,000 Landcruisers a year) , the success of Lexus is another, and that is before you take a look at their cash pile, and the pricing of, and demand for Toyota bonds…. AND Toyota going for hydrogen rather than electric is deeply signifigant.
I have no vested interest,personal or otherwise in any auto OEM, but have been in the automotive/engineering sector M and A and corporate finance for over 25 years….. and I cannot believe what I see.
David Bell
2 years ago
Musk turned Tesla into a Bitcoin proxy.
gavin.thomas
2 years ago
Recent analysis of the bitcoin industry has shown that more energy is being used in mining the digital currency than will be used by all of the EV’s in the world…
Musk is making more profit from a high energy user than his supposed ‘green’ energy product…
Mike Wylde
2 years ago
The comparison is always made of battery against Internal Combusion Engine. If the engine in my 10 year old car goes bang then it’s very straightforward to put either a new one or a used one into the car. Can the same be said of a battery? I thought these were built in to the car structure which would make replacement a long and very expensive job. The battery being part of the car’s structure is likely to get more comprehensive than less even though it would seem to make sense to make the whole battery pack a standard “bolt on” part that would open up the ability to replace battery packs rather than plug in charge.
There is a Chinese car company (I forget the name) that has a brilliant solution for this – their batteries are modular and can be swapped out. They even allow owners who are just on a long drive and who don’t wish to stop to recharge, to swap them out a network of locations across the country.
I think you will find that Range goes away as a critical problem, if the Charging Infrastructure is as ubiquitous, reliable and easy to use as gas stations – thought not in the same places or on the same just-in-time-on-the-road model (we need destination charging: e.g. supermarkets, which are taking up the challenge, and Hotels, which are very slow to do so).
Tesla is uniquely the only Electric Car supplier which properly identified and addressed that problem. I bought a PHEV, because today and for perhaps a few years to come, I cannot rely on the third party destination charging “network”. If I had to buy a BEV today, it would have to be a Tesla, because of their charging network. Get a Mercedes EQA, or a Renault Zoe for example, and you do not get any such reliable network, you are currently launched into the Wild West of different charging companies, with different ‘apps’ and payment systems, and no guarantee that they will work reliably.
Of course I didn’t buy a Tesla, because the cheapest is over 40K, and I object to the idea of paying a ‘luxury’ car tax for a form of transport touted as everybody’s green future.
I think you will find that is just a transitional phase. Either we will find a durable supply of surplus energy, and get on with life as we have been expecting it to continue, or else face a coming population and systems collapse. After that the remnant will have plenty of resources to “Build Back ******”. At least until population and hubris again combine to precipitate the next collapse. Civilization seems to be episodic, from the archaeological record.
Robert Malcolm
2 years ago
The main problem with Tesla is their sheer unreliability: owner ratings are very poor by comparison with other EVs. By producing cars in such high volume that fall apart faster than their competition, they have succeeded in alienating many existing owners, and the slower BEV manufacturers will capitalise on this fundamental error. I’d predict that Tesla will be toast by 2029.
Tesla, like Windmills, are really Carbon Credit industries. To tap into the lucrative Carbon Credits they have to make electric vehicles and windmills, although the loss on those is worth it because of the lucrative subsidy.
The irony is that German car manufacturers have been forced to buy Tesla’s carbon credits.
In other news Elizabeth Holmes was charged for fraud. Not related at all.
Some very good points, and given the cost, short life and other issues EVs I reckon we could see a significant spike in the second-hand value of reliable, economical, well-specified petrol cars as 2030 nears.
As long as fuel is still available to run them.
I think the fuel that will be in shortest supply will be electricity.
Agreed! But I think as E-day draws closer, EVs will already start being replaced by hydrogen-fueled cars.
Let me know when a viable H2 fuelled car will be available.
No. Hydrogen is a grossly inefficient technology, and BEVs have a huge headstart.
I make my own: thats what solar panels are for, isn’t it?
And the most expensive!
and the fuel tax hasn’t been hiked to unsustainable levels.
I’m sure that’s what the state would want to do, but I predict a riot if you tell people they either buy an unaffordable EV or pay unaffordable prices for petrol. You’re basically outlawing the private car.
Perhaps the point?
Tesla must be one of the greatest confidence tricks ever perpertrated on a seemingly ever more gullible public- remember the last time that markets ignored financial fundamentals such as credit rating, NAV, ROE, cash, margin… and p/e ratios were deemed to be ” yesterdays metrics”? Yup… in the pre 2001 dot com boom/ collapse, when false valuation and ipo were exposed.
Anyone who can look you in the eye and tell you, let alone believe, that Tesla is actually ” worth” n times Toyota is either deluded, dishonest, or both.
Just one example is Toyota’s massive share of the global ‘ working’ 4×4 market ( the UN allegedly buys 200,000 Landcruisers a year) , the success of Lexus is another, and that is before you take a look at their cash pile, and the pricing of, and demand for Toyota bonds…. AND Toyota going for hydrogen rather than electric is deeply signifigant.
I have no vested interest,personal or otherwise in any auto OEM, but have been in the automotive/engineering sector M and A and corporate finance for over 25 years….. and I cannot believe what I see.
Musk turned Tesla into a Bitcoin proxy.
Recent analysis of the bitcoin industry has shown that more energy is being used in mining the digital currency than will be used by all of the EV’s in the world…
Musk is making more profit from a high energy user than his supposed ‘green’ energy product…
The comparison is always made of battery against Internal Combusion Engine. If the engine in my 10 year old car goes bang then it’s very straightforward to put either a new one or a used one into the car. Can the same be said of a battery? I thought these were built in to the car structure which would make replacement a long and very expensive job. The battery being part of the car’s structure is likely to get more comprehensive than less even though it would seem to make sense to make the whole battery pack a standard “bolt on” part that would open up the ability to replace battery packs rather than plug in charge.
There is a Chinese car company (I forget the name) that has a brilliant solution for this – their batteries are modular and can be swapped out. They even allow owners who are just on a long drive and who don’t wish to stop to recharge, to swap them out a network of locations across the country.
The company’s name is Nio.
I think you will find that Range goes away as a critical problem, if the Charging Infrastructure is as ubiquitous, reliable and easy to use as gas stations – thought not in the same places or on the same just-in-time-on-the-road model (we need destination charging: e.g. supermarkets, which are taking up the challenge, and Hotels, which are very slow to do so).
Tesla is uniquely the only Electric Car supplier which properly identified and addressed that problem. I bought a PHEV, because today and for perhaps a few years to come, I cannot rely on the third party destination charging “network”. If I had to buy a BEV today, it would have to be a Tesla, because of their charging network. Get a Mercedes EQA, or a Renault Zoe for example, and you do not get any such reliable network, you are currently launched into the Wild West of different charging companies, with different ‘apps’ and payment systems, and no guarantee that they will work reliably.
Of course I didn’t buy a Tesla, because the cheapest is over 40K, and I object to the idea of paying a ‘luxury’ car tax for a form of transport touted as everybody’s green future.
The green agenda is to redefine energy itself as a luxury good.
I think you will find that is just a transitional phase. Either we will find a durable supply of surplus energy, and get on with life as we have been expecting it to continue, or else face a coming population and systems collapse. After that the remnant will have plenty of resources to “Build Back ******”. At least until population and hubris again combine to precipitate the next collapse. Civilization seems to be episodic, from the archaeological record.
The main problem with Tesla is their sheer unreliability: owner ratings are very poor by comparison with other EVs. By producing cars in such high volume that fall apart faster than their competition, they have succeeded in alienating many existing owners, and the slower BEV manufacturers will capitalise on this fundamental error. I’d predict that Tesla will be toast by 2029.