Posted on 02/08/2016 1:16:29 PM PST by bananaman22
Elon Musk is a genius and a visionary who is almost single handedly changing the future of mankind through three different industries at once. With that said, itâs not clear if investors can easily benefit from any of that.
Tesla, the company most associated with Musk is in a downward stock spiral over the last month which has taken it to new 52 week lows. There are many reasons for that downward spiral including concerns about market valuations and weak oil prices (which make Teslaâs correspondingly less attractive as a substitute versus conventional cars). But for the first time, Tesla is also facing a new threat that may be frightening away some investors; competition in the electric car space.
Tesla has been the only real electric car maker since its inception as a company. Itâs true that Nissan offers the Nissan Leaf, an all electric car, but that vehicle only gets around a 100 miles of range, compared with 270 miles for a Tesla. For the many Americans that drive 50 miles each way to work or who sit in traffic at rush hour, a 100-mile range is simply too perilously close to running out of power for comfort. As a result, the Nissan Leaf has never really caught on with more than a sliver of the population.
(Excerpt) Read more at oilprice.com ...
My buddy a gastroenterologist has a beautiful Tesla, I call him Nine Volt
Those investors need to move over to the forth coming Elio from Elio Motors.
What took it so long to crash?
Musk has done great R & D here. Problem is R & D doesn’t make a business.
“Teslaâs problem is $30 bbl crude and $1.40 gas.”
Arguable. Hard to see how people that are willing to spend an extra $50k or so for a Tesla will care whether gas costs an extra $2/gallon.
Tesla’s marketing specifically pointed to how you would save money when gas went to $6 per gallon. Sales have to be a lot tougher at current gas prices.
Musk must be one of the biggest supporters of Obama’s $10/barrel tax. It was probably his idea.
Dealers need to make sure they also get a picture of the look on the face of Tesla owners on what they have to spend on a new battery.
BTW....Which depending on choice is $8K-$12K
“A new 85kw pack will cost $25,000 today with talk about lower costs later.”
So now we start to SWERVE into the facts, as opposed to the fiction and emotion attached to these vehicles.
If a battery pack lasts 100,000 miles and costs $25,000, that means the cost to drive is 25 cents per mile, plus the cost of the power to recharge it.
That’s a lot of money and it also explains why no electric car company is willing to swap-out batteries (as opposed to making sit around for hours waiting for a charge)...as they would have to factor-in that depreciation.
...and once that depreciation is understood, then it’s over for people bragging about the economics.
Dutch Tulip Mania - circa 1630’s.
Or, a very, very good bull shiit artist
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