re: Should we invest into tesla?

I want that so bad. best land cruiser ever.

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Not until electric charging stations become nearly as common as gas stations and they make electric trucks that can haul shite, tow a boat, and do well off pavement.

Until that time comes, drill baby drill

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so where will all that electricity come from? oohh right. drilling. until the technology to harness solar energy is advanced 100 fold, we will be relying on oil/gas.

Why would you want that vs new technology?

thats like wanting a razr instead of a iphone 7

because when the emp goes off an old school non computerized car will work

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my daughter with

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pics?

never fails

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so where will all that electricity come from? oohh right. drilling. until the technology to harness solar energy is advanced 100 fold, we will be relying on oil/gas

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Yes, but recharging a Tesla battery is a lot cheaper than filling a gas tank. An acquaintance got a Tesla a few months ago. Said he gets about 260-270 miles from a full charge and from what the Tesla people told him, its about $5-7 worth of electricity to recharge from empty. 40-50 miles per $1 of juice is pretty good.

you just saw your first tesla???? What part of bumblefrick do you live in? I see multiple daily. The P100D is the fastest car on earth 0-60 in 2.27 seconds for $150k give or take. The $35k model 3 is the absolute base and there's a waitlist of 400k give or take so you wont see one for $35k for prob 2 years at a minimum

On the otherhand I was incredibly bearish early but now on see the true monopoly they will be if they can get there financially. The thing is the antiquated dealer model was sell cars to a franchise dealer who then makes all the money and the car co profits on service and thats why you see Mercedes doing $140B in sales and $8B net profit. The reality is as long as dealers are in place and electric cars require minimal service tesla will dominate if they can scale bc other car makers cannot compete as long as this is the case thats why you dont see them making a push into electric......even GM with the bolt they're already discounting by $5k I read the other day bc its not selling. The fact of the matter is it takes a shite ton of batteries to make electric cars in a large scale. Tesla's gigafactory will do something like 150 GWH which is more than the entire world production of batteries meanwhile for the bolt, GM could only strike a deal with LG for 3 GWH I believe so they can't even build too many.

Big auto is overlooking electric cars bc they can't do it profitably but so far GM and their attempt, the bolt, has been a disaster while tesla is able to get people to put $1000 down for a car multiple years away, very strong brand like apple. I think I read the electric car has 18 moving parts vs over 2000 in a regular car. Tesla does all the servicing themselves, they're so vertically integrated that lots of regulators don't like it and don't allow them to sell in some states like my own, Texas.

I have alot of shares but its not as much of a home run as you think, they need alot more cash and will dilute us more, but the good news is the higher the shares are, the less they need to dilute. You have to remember the auto market is on the order of like 80m cars/year and tesla just sold 88,000 and most around $100k avg, as prices fall you can imagine more would like to buy one. Right now they're at $145 kwh/hr for batteries, the tipping point is supposedly $100 kwh/hr where electric cars become cheaper than an engine, and with how technology prices go we should be there soon.

The autopilot is good now, but I read they just passed 4 billion miles the other day, so you have to see everyday as more and more data is fed to tesla and they can make a better autopilot update with all that data.

The energy storage business will be bigger than cars Elon said, and who am I to disagree with him, he's been a great CEO so far in his career.

It's definitely super high risk but the reward is there if it all pans out. If you're young: Amazon,Google, Tesla is probably all the diversification you need, those will be the dominant ones of the future.

Oilmoneytrucker likes this status

I am sure there was civilization before oil and I am sure there will be one without it