Posted on 04/10/2019 7:41:40 AM PDT by DUMBGRUNT
Now Wall Street finds Tesla sales are not adding up as hoped this year. Morgan Stanley is forecasting 344,000, below the low end ...
Worse for Tesla, the $7,500 rebate will continue to apply in full to a tidal wave of electric cars about to hit the U.S. market. This onslaught—coming from Mercedes, VW, BMW , Volvo, Porsche, Nissan, Kia, Hyundai, you name it—is the fruit of an estimated $300 billion in capital the industry has committed to building money-losing electric cars...
Unfortunately, unlike these companies, Tesla needs to make a profit from its electric cars. It doesn’t have a gasoline-car business...
he world’s traditional car industry, even as it continues to churn out 79 million vehicles annually, has been incentivized everywhere to divert some of its profits to making life miserable for the one company that genuinely thirsts to make electric cars and needs to be able to make them profitably.
(Excerpt) Read more at wsj.com ...
Buy on the rumor, sell on the news!
And anyone expects success out of this propped up and failing model? The only winner is Elon Musk who pockets millions of dollars.
I understand how people think electric cars are pollution free, the wave of the future, etc.
But don’t understand how exactly we are supposed to accomodate millions of electric cars.
In many places, the electricity to recharge electric cars is generated in coal fired power plants. So the electric car is not really fueled in a pollution free manner.
If we suddenly had tens of millions of electric cars in this country, recharging constantly, it would severely strain our electrical grid. The grid as it exists now could not absorb the demands of so many electric cars recharging.
And there have been problems with the batteries in electric cars.
Bottom line, is that those who are virtue signaling by having an electric car, are still using fossil fuels in many places when they recharge. They still need to buy their carbon credits from Al Gore to feel good about themselves.
Technologies come and go, but the internal combustion engine has not met it’s equal yet. Sure, there will come a day, solar turbines or hydrogen, but I believe that the internal combustion engine run on gas or some gas derivative will be around for the rest of my lifetime...
No doubt. There is some promising tech in hydrogen (see Plug Power, Hypersolar, the two new solar hydrogen plants in Dubai and others). Hydrogen is already gaining ground in material handling and as range extenders for EVs But until hydrogen can be produced cost effectively the ICE is here to stay and is as clean, if not cleaner than EVs over all. Still gotta burn coal to charge batteries and the batteries themselves are nasty. If hydrogen production via solar can be scaled, hydrogen will overtake EVs/batteries for on road use IMO.
In many places, the electricity to recharge electric cars is generated in coal fired power plants.
The billions he got from our tax dollars and never had to pay it pack!
You take intermittent sources of energy (wind, solar, tidal, etc.,) and use it to generate Hydrogen. Then you store and transport Hydrogen for use at a later time, converting it back into electricity via a fuel cell.
When viewed in this context, Hydrogen makes (slightly) more sense.
But generating Hydrogen from hydrocarbons makes no sense at all.
“the grid as it exists now could not absorb the demands of so many electric cars recharging.”
They are banking on the ‘diversity factor’?
EVs are here to stay, but not as a replacement for the ICE.
Local use/train station/ kids car, more than a few in my area.
Agreed. I understand the current production, storage and transport issues with hydrogen. Generating via nat gas or other carbon (even “renewables”) and transporting to distribution sites in ICE vehicles makes no sense. My only point is “if” production of hydrogen via solar or other clean energy souces can be made highly efficient, scaled for commercial use, and localized at or near distribution sites, it may be a viable from an economic standpoint. The economic benefits in material handling are there which is one reason Amazon, Walmart and others have HFC forks in their disty centers. I suspect another reason is the “green image” so many companies are touting. A lot less down time (hrs vs min) to “re-charge” fork batteries, no battery room etc. I’m not sold on hydrogen..yet. Just observing that there is interesting technology being explored. There’s also appears to be lot of renewed interest in the auto industry.
...now we force them all into Mass Transit.
And you believe they are clever enough to implement this plan?
Coal powered cars are NOT eco-friendly...
...but leftists believe “electric” cars ARE eco-friendly.
Leftists cannot see past the AC outlet on the wall to ascertain the source of the electricity.
And you believe they are clever enough to implement this plan?
Not a Chance, but they will try anyway, because their long term goal is removing Freedom of Mobility
The only thing there should be government subsidies for is third and fourth (and +) children of intact natural born citizen mother(real female XY) and father (XX) families.
There is some promising tech in hydrogen...
And compressed air engines, and fuel cells, and the Sterling engine, and the gas turbine...
I’m glad they are working on them, BUT.
It’s like Zeno’s walk, you NEVER get there.
Yes, infinite series and all that, real world not so much.
I don’t believe they have a long term goal. Only a short term goal of getting rid of “Big Oil”.
You know, those nasty, polluting big corporations, run by old white men.
they will try anyway
Alway to control everything.
The question is when I see the mini-me socialists.
How many supreme leaders.How many slots available on the Politburo?
Best they could hope for is outer party.
Do they get more to eat than the proles?
Coal powered cars are NOT eco-friendly...
Who cares?
If it works for you at your price point, go for it.
No actual need for the Whirled Peas sticker.
Buy it if you like.
You have nailed it. The bottom line is that we also need a huge push on the Gen IV nuclear technology — and solar for those who think battery technology will also be available for all this future grid power.
Gen IV (if you don’t know) is not yet there engineering wise but when it does come on line it will produce nuclear energy in a manner that cannot produce massive radiation failures (technology wins here) and also can use old nuclear fuel and in the process help to reduce nuclear waste. These are the two main arguments against nuclear power plants. They also can build and install the plants around current nuclear plants and reduce the permit process and make hooking up to the grid simpler.)
Without this infrastructure improvement I do not see electric vehicles actually making it from the showroom to the home garage.
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