Zero correlation?? i could show you a chart on BBG(If I knew how to post a picture) and you would be shocked at how correlated they are when you normalize the prices
OT: Stock and Investment Thread
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Zero correlation?? i could show you a chart on BBG(If I knew how to post a picture) and you would be shocked at how correlated they are when you normalize the prices
Now this is hilarious. I gotta give credit to the Musk/Tesla legal team. Perfectly orchestrated. Can’t make this crap up:
Some wild stuff from the RH CEO testimony. People exercising out of the money options instead of letting the option expire
Rookies?
Not experienced with options, shorting or RH, so this story is meh to me.
Portfolio up big time today! Nice way to end a mixed week.
How the Rich Can Escape America's Unreliable Power Grid
TESLA powerpack.
In the developing world, microgrids may leap frog traditional utilities, much in the way that mobile phones made the need for landlines obsolete. In the U.S., military bases, universities, prisons, and hospitals are turning to microgrids as a way to operate independently from the grid. The Santa Rita Jail in Alameda County, about a half-hour’s drive east of Oakland, has a microgrid that allows it to operate as an island for extended periods.
Individuals are also pursuing them. Larry Ellison, who serves on the board of directors of Tesla Inc. and is the chairman and chief technology officer of Oracle, has expressed interest in a microgrid for Lanai, the island in Hawaii that he bought in 2012. Tesla disclosed in a regulatory filing that director James Murdoch purchased a Powerpack system from the company for $600,000 in 2019 and that in 2020, a company affiliated with Ellison “entered into an agreement to obtain preliminary design services from us for an estimated $400,000, relating to the potential future implementation of a Tesla Energy system.”
PG&E has more than half a million residential solar customers, and at least 18,000 have installed battery energy storage systems. You hear a lot in California about “solar plus storage”: solar panels to harvest sunlight into electricity, paired with a home battery that can store the electricity for later use, like after the sun goes down. Tesla markets the Powerwall as a backup for when the grid goes down. The Powerpack is mostly sold to businesses and utilities.
Coekaerts didn’t want his system to function as a backup to the grid: he wanted to be independent of the grid. So through Luminalt, the San Francisco company that installed his solar system, he was able to get a Powerpack, which is about 17 times what a single Powerwall provides. Tesla representatives have told him it is the first residential Powerpack installation that they know of, though others are in the pipeline. The total cost, including permitting, labor for the installation and a federal tax credit for the solar system, was roughly $300,000.
The future, says Brown, is aggregation: it is far more cost effective to build a microgrid if you’re serving multiple people, like an entire city block or a new subdivision. Brown and colleagues at the Berkeley Lab are working on a project called “Ecoblock,” in the Fruitvale neighborhood of Oakland, that will serve about 25 housing units.
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Behind a pay wall. Before it kicked in there is a picture of a guy next to solar panels. My question is what happens when you have a situation like in Texas where the panels are covered in snow+ the sun ain't shining?
The power packs store the electricity.
if you want to read the article delete your reading history and it becomes readable.
Already priced one out. Doesn’t make any sense. A Generac is 15% of the cost and does the same job. By Generac also selling power walls.
A power wall is meant to be used year round to store power and buy electricity when rates are lower. Comparing that to a gas generator is moronic.
And you're correct, Generac also sells power walls. Why didn't you include the price or the power capacity compared to Tesla?Hmmm. I wonder...
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Easily. Of course, you can't be an idiot and run your electric without discretion. But you won't have to worry about having a fridge/freezer full of rotten food.
I've been interested in getting a power wall, but holding back for two reasons - the costs (I was given a rough quote of around $20,000 for a system that would partially power my house in the event of a power outage for a couple of days) + you still have to be on the grid. However, the technology is promising and will only get better and cheaper over time.
Love that there is competition.
$20K for just a single power wall? Or does that include solar?
Regardless, prices are high because of battery constraints. And yes, prices have, and will continue to decline.
Yeah, just like the TSLA cars, if you factor in 75 years worth savings, it’s only 50% more expensive. Thinking you can save enough money to justify the high upfront cost is moronic. I didn’t price out Generac power wall because I already know the upfront cost doesn’t make sense.
It’s a costly mistake. You buy options to limit downside. All the limit is gone once you exercise. Think about the impact. I think that’s what happened to the kid that committed suicide.
I know how to screenshot BBG(I work for the company). I don’t know how to post them here
Don’t need a screen shot for this one. BTC was 34k when TSLA announced. It’s now at 52lk. TSLA stock went from low 800 to high 700 in the same period.
Buy on the dip! PLTR up 15% today.
Saw a chart on CNBC the other day and interestingly while all the other power sources were down in the frigid temps, coal ng wind and nuclear, all down 30%ish in terms of production, Solar was up 100%. Not sure the hows and why's, but
But as noted above, batteries. People denying it are denying what is already happening. Look at tools now a days, and not just drills, but leaf blowers, weed wackers, lawn mowers, more and more battery operated. 120v battery operated chop saws. And of course the EV sector.
Will fossil fuels be gone in 5 years? No. Will batteries continue to be a more and more significant part of our lives going fwd? Yes.
It's why the likes of Gates and Grantham are in on QS.
I'll chk it out later.
But in general, in the face of what looks like significant inflation, the fact that gold is going down, while BTC is up significantly is pretty telling.
BTC currently 10% the market valuation of Gold.
Good point about gold. It is down over the past month while BTC has really begun to surge (with various customer groups).
Now BTC > 57k
FYI - Comments from ARK on some of their big movements this week:
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It’s Saturday!!!! LOL
You guys do know who the largest holders of gold are? If you think those players will rotate out of gold, then you have 90% more upside.
I’m distorting with numbers and facts. Step up and prove out your numbers why solar and battery is cheaper than generator.
It’s two tricks now. I’m knocking the solar and power wall business+1
One trick pony.
. You know, the same company that was going BK before Tesla bought it. The same unit that had declining sales from 18 to 19.Never said it was. You're implying that stationary storage has the same functionality as a gasoline generator, and therefore can be compared on cost. That is false.
Your 75 years, and 50% savings is also a lie. But that's ok. You're bitter, and your motives are clear and known to those who have been reading this thread.
Since I'm a nice guy, I'll let you know you should establish that tsla short position soon. I don't see any big runs in the near future, and it's possible Q1 and Q2 disappoint. S & X sales will be flat w/ production lines being retooled. But once Berlin and Austin come on line (each w/ their own cell production lines) and Shanghai reaches full production, you're going to see another big run.
The actions of the Chinese government recently suggest Shanghai reaching full production is not a sure thing, full profitability even less so. I'm not shorting but I'm also not buying.
$750B is the current market cap for TSLA. There are only 4 us companies with a larger market cap than TSLA including aapl, msft, amzn and goog. I follow the technical discussions, TSLA has cool technology, lots of potential markets, etc. but at what point does valuation come into play here? Everything i've read is that they will have to perform perfectly to justify the valuation which is scary. I guess the assumption is that they have such a lead on their competitors that they will never catch up but not sure how realistic that is.
If you dig in and do your homework, you'll discover Tesla has won the decade. If you want to look back, I've made numerous posts within this thread on the topic.
Why did regulators want to meet w Tesla? Please don't tell me battery fires and unexpected acceleration. That's the same bs the short and distort TSLAQ gang has been spinning for years. Not true then, not true now. Maybe the meetings are about rolling out autonomy? The truth is, no one knows, and personally, I'm not worried. But that's just me.