I think when Musk talks about “full integration”....he’s not talking about just the EVs.
He’s talking about power.
Is Elon Musk a reincarnation of PT Barnum?
The Nikola incident seems to be making some gamblers look at Tesla with the skeptical eye they should always have had.
A couple things that a person should think about regarding Tesla....
If their Mkt Cap is #1 in the world, by a wide margin, then why don’t they have more cars to choose from? Why don’t they upgrade their styling?
If California can’t create enough electricity for turning on lamps... how would there be enough for Tesla cars?
The stock is up 1000% for the year, but sales actually have decreased?
The company makes virtually no profit.
If electric vehicles are so wonderful, then why doesn’t Toyota aggressively pursue that space?
Maybe the battery died....................
Battery technology is hard - there’s been no Moore’s Law when it comes to energy storage, unfortunately. One good thing about electric car is that it’s spurring R&D in energy storage technology.
That new battery shown will likely be in production by 2021. Primary use: the battery packs on the new Roadster and the new Cybertruck initially, then will replace the battery packs on the Model 3 and Y by late 2021.
I’d buy an electric car in an instant if I could give it a 250 mile refill in a couple of minutes.
Oh, piff...it’s no more than “ Buy the rumor, sell the news.”
I watched the whole presentation and the battery improvements, and the battery manufacturing improvements are remarkable, even revolutionary. Instead of waiting for the various vaporware battery technologies to sneak out of the lab, they’ve stripped down and re-imagined what makes a battery work, looking to simplify every aspect of its design and construction. They appear to have reduced the very messy process of creating the various elements of a battery by up to 90%, speeding up the process at the same time. He’s apparently offered public/corporate access to the plans and patents for the new batteries and methodology.
He’s said repeatedly that they aren’t as much a car company, but rather an engineering company, and more specifically, a manufacturing company. Rapid iteration, and a relentless focus on refining the efficiency of the manufacturing process. He’s applying the same approach to SpaceX. He wants to make large volumes of cars, batteries and spaceships, as quickly and economically as possible. I think in the future he might end up being compared favorably to Henry Ford’s impact on manufacturing.
I think the market analysts are impatient as usual, and short sighted about his real goals.
LOL. All hail Elon Musk! Bow to him!
Sycophants.