OT: Electric vehicles
- Thread starter BellyFullOfWhiteDogCrap
- Start date
How many of those pie slices survive the decade? Bankruptcy, mergers, acquisitions...all likely as we are at the dawn of a major technological disruption.
So, they have 50% of the auto sales right? Best chart to show how overvalued the stock is.
New trends in the auto industry
In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently at the vanguard of the trend towards electrification, while peer Californian companies such as Google and Apple may follow suit. Tesla delivered some 499,000 vehicles in 2020, meaning that Volkswagen Group's sales tally is over 18 times as much. Tesla is believed to have a U.S. automobile market share of under one percent.
From an investing perspective, Tesla's growth, comparatively low debt and margins vastly outweigh how many cars are currently being sold.
There's a Cannonball Run of EVs that started today (Halloween). FIve non-Tesla vehicles.
We are going to manufacture overpriced electric vehicles, and we don't have the supporting infrastructure to run these things. The country's electrical grid is out of date and failing. There are no easily accessible charging stations. It is expensive to install a charging station in your home. If you reside in an apartment or use street parking you are sol. It takes too long to charge and your traveling range is limited.
We are going to manufacture overpriced electric vehicles, and we don't have the supporting infrastructure to run these things. The country's electrical grid is out of date and failing. There are no easily accessible charging stations. It is expensive to install a charging station in your home. If you reside in an apartment or use street parking you are sol. It takes too long to charge and your traveling range is limited.
Incorrect.
The Cannonball was a race. Post-Yates, the term Cannonball is used to connote an attempt to get from one place to another, distant location, as fast as possible.
This is not a race.
Since getting my 1st Hybrid in the 1st week of August or so, I have only filled out my tank once!
I still have half a tank left before the next fill up!
Granted I am not driving everyday, but holy crap!
I still have half a tank left before the next fill up!
Granted I am not driving everyday, but holy crap!
Hybrids are cool (shhh, don't tell that to the EV purists).
Everyone is all hot and bothered about EVs these days, so that trend will continue for some time. But I suspect something else, perhaps hybridization but with a cleaner burning fuels that aren't petroleum based, will emerge as a better alternative as whatever negative realities of pure EVs, with the inevitable limitations and issues all tech encounters, become more apparent.
It's just a guess, and a long term guess at that. So I have no way to prove it true (just as nobody has any way to prove it false). But what about all the homes or buildings out there burning gas (or oil)? What about air travel? What about industry that burns tons of gas or oil as part of their manufacturing efforts.
Gonna add all that to the energy grid at the same time as all the cars and tractors and lawn mowers, etc.? And power it all via wind and solar?
I don't think so. Cars may be one of the problem areas that have most flexibility solution-wise.
Hybrids are agnostic. Give me that ole time religion, give me that ole time religion......
Pilot program only in the Netherlands. Non-Tesla EVs can now use the supercharger network. If all goes well, this will be expanded to the rest of Europe and the US. Tesla will triple the current supercharger network in the next 2 years.
Non-teslas now able to access supercharger network
Non-teslas now able to access supercharger network
I'll nitpick some of your points. The power grid issues are for real as are the apartment/street parking issue. Getting a "charging station" installed in your home isn't expensive. It's as easy as having an outlet for a dryer/oven installed. If you have a subpanel in your garage you're talking a few hundred dollars. I had about a 3 week period where I didn't have a home charger due to getting my car earlier than expected. Charging, at least in NJ, is not an issue. There are plenty of options, and a Supercharger like those being installed at every new Wawa, QuickChek, etc. took about 10-15 minutes to get a 75% charge.
Car & Driver solves the charging issue with an experiment conducted with their long-term Porsche Taycan!
https://www.caranddriver.com/features/a37419238/pikes-peak-mountain-2021-porsche-taycan-4s/
https://www.caranddriver.com/features/a37419238/pikes-peak-mountain-2021-porsche-taycan-4s/
This electric dump truck never needs to be charged. Re-gen is cool!
https://www.greencarreports.com/news/1124478_world-s-largest-ev-never-has-to-be-recharged
Since the demand for the Maverick hybrid is so huge, I probably won’t get one until at least June, I finally pulled the trigger Saturday and ordered one. Never ordered a car this way and I don’t have to decide if I trade in my current truck or sell it on my own until my Maverick comes in.
New Ford Ranger debuts on November 24.
That's about 4.5X what I pay for electricity. So the Tesla charge would be about 3X . And in Germany, and possibly elsewhere, they're burning coal to provide it.
Only 9T? But why do we need to buy Tesla cars when we have robotaxi? ARK really needs a quick boost or it’s going to get beat by S&P by 24%.
I own SPY and five of the ARK funds. Having and eating my cake.
I own everything in the S&P 500 and then some. But this conversation seems more relevant to the investment thread than a thread on EVs.
Will was a product manager at Lyft before joining ARK. Guess he saw the writing on the wall with Robotaxi.
Never said that. But charging EVs adds to the demand that requires it's use.
Look on the bright side. Sooner or later, we'll run out of coal.
On a personal note, that might mean I stop getting it in my Christmas stocking every year.
Have been driving Ford Fusion Hybrids for maybe 12 yrs. Really good car. My current 2019 is the best of all. Getting 49 miles per gal with mostly local driving. Get better on a trip. When first got it got 54 on a trip to Albany, NY.