Posted on 09/13/2025 9:58:11 AM PDT by dangus
It just proves the willful ignorance when you say that “The author forgot to mention that solar and wind power do not produce electricity 24-7.” I did address how they now supply electricity 24-7, even if they produce it erratically.
Why combine wind and solar? Because they’re both renewables. I’m all for nuclear power, by the way. And even after renewables largely (but never entirely) put an end to coal and even natural gas, I do expect nuclear power will be an important element in our energy mix.
>> when has the government been right about anything?... <<
Pretty much never, but the interesting thing is that they keep absurdly UNDERestimating green energy, trying to convince people that without massive government investment, we’ll stay addicted to oil until we run out (which will also never happen).
>> Until, you realize that solar and wind have to be 100% backed up by carbon or nuclear. <<
Oh, even if you were right, what would be wrong with backing renewables up with carbon? (Unfortunately, nuclear’s useless as a backup because you can’t just fire up a nuclear reactor when there’s bad weather... but it’s great for forming a steady baseline of energy supply, greatly reducing the need for stored energy.)
Coal and natural gas plants certainly have a production cost, but it’s relatively small (unlike nuclear) compared to the cost of the fuel. A perfect energy mix would be a baseline of nuclear, mid-day peaks of solar, batteries to delay the peaks until the actual hottest time of the day which is 3PM, or until the office can cut back its energy use at 5PM, persistent wind throughout the day and night with batteries to smooth out fluctuations, and natural gas to smooth out the lumps or provide extra energy in extreme situations.
Tesla profit?
After 15 years in business, Tesla has a 6% net profit in the most recent 4 quarters.
Tesla stock has a 220 PE Ratio (Price to Earnings), which is the highest I have ever seen for a major stock.
Tesla has close to $120 billion in debt.
Within the last month, Elon Musk stated that Tesla's robotic division would be the major profit center for the future.
OMG!!! You’re still trying to argue Tesla can’t be profitable????? Yeah, it has such a high PE ratio because it’s literally the most valuable company on Earth! It’s more valuable than every other auto manufacturer in America combined, including foreign-owned companies!!!! It’s price-to-debt ratio is an unheard of 10:1!!!
Oh, and it’s operating margin is 9%.
Congratulations to Tesla for winning the Stock Market Wheel Chair Race!
MSFT, META (Face Book), and GOOGL, have 2X to 3X more revenue, plus 30% to 40% net income, and pay a dividend.
By the way, $3 billion of the Tesla $6 billion net income comes from Government Carbon Credits.
One final note...
Global spending on Green Energy recently passed $5 trillion.
Most of that money has been paid or loaned by the USA and Europe.
$5 trillion would build 300 nuclear power plants in the USA - including the completely insane cost over runs!
1) Please tell me where you get a nuclear power plant for $2 billion? They canceled one after spending $18 billion on it. Or is $2 billion what Russia spent on Chernobyl?
2) In the original article, I addressed the absurd money-grab. But I also addressed the fact that the cost has fallen 99%. 99%!!!! That’s such an insane price reduction that I get that it’s hard to believe; it sounds like a made-up number, but it’s real. It’s like you’re complaining that $150,000 is too much to pay for a Tesla, so you’re refusing a brand-new Tesla for $1,500.
$5 trillion divided by $17.5 billion = 286.
I generously rounded up because close national scrutiny might actually save a couple billion, here and there.
(2) I do not understand your 1% claim.
Current Tesla Model 3 is priced between $40,000 - $56,000.
If that price range has been reduced 99%, that means the original price range was $4 million - $5.6 million.
I’m comparing what it would be like if Tesla’s price decreased as much as PVs did.
I don’t know where you got the $5 trillion for; I suspect it’s an inflation-adjusted amount for the entirety of global spending on all environmental causes, which would be an absolute ridiculous thing to use for comparison.
U.S. subsidies for renewable energy amounted to $16 billion, which was double the previous year. The U.S. spent several trillion dollars on energy, so those subsidies aren’t so enormous.
Deliberately.
Yes. But the surprise was that the government obscenely hugely UNDERestimated the implementation of green energy.
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