Posted on 11/29/2023 5:35:16 PM PST by RandFan
I hope he locked or deleted their accounts.
I for one took a second - and third - look at $TSLA because of the way Musk handled “Twitter," as it then was.There is no gainsaying that Tesla, under Musk’s tutelage, has argued for, and adjusted its business practice to exploit, policies which - while (at least marginally) reduced environmental impact - have been engines of inflation (see, the “Inflation Reduction” Act). I like that not at all. But the existence of such policies, and their past consequences, is water under the bridge.
Where we now sit, the technology of rechargeable battery effectiveness and of production efficiency has been substantially advanced. The learning curve, if plotted on a linear scale, looks sort of ill-defined. But if plotted on a log scale against the log of the total quantity of any particular good which has ever been produced, fits very well to a straight line. This is Wright’s Law, first published in 1937 by an aircraft production engineer (not related to Orville and Wilbur). If you predict that the quantity produced will increase at a geometric rate, your Wright’s Law prediction turns into a Moore’s Law prediction. And we all know how exciting that can be.
All prejudice caused by past low cost and modest utility of rechargeable batteries notwithstanding, the system of storing electric energy and converting that energy to driveshaft torque via electric motor(s) was - sooner or, realistically, later - going to become competitive with our beloved internal combustion engines. But, accelerated by expensive Democrat policy, the quantity produced has grown so much that the cost and effectiveness of BEVs is now reasonable, and can be expected to soon become more than reasonable.
Recognizing this, I have devoted what is (I hope) discretionary investment in TSLA. TSLA is not for the faint hearted, because its market price is volatile and jumping in and out of it looks to me like sheer gambling. If you aren’t ready to hold thru thick and thin, don’t buy in the first place.
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