Renewable Energy + Battery Storage = Fossil Fuels Obsolete, Even Natural Gas
- Thread starter ttystikk
- Start date
ttystikk
Well-Known Member
And you've just proven you're too stupid to use Google;
https://pv-magazine-usa.com/2019/06/28/los-angeles-seeks-record-setting-solar-power-price-under-2¢-kwh/
Back in your hole, clown.
ttystikk
Well-Known Member
You are entitled to your opinion, but at least use the terminology correctly; Yellowstone is anything but dormant. That is in fact precisely the problem.
ttystikk
Well-Known Member
They built one of those right here in Colorado. It was such a finicky pain in the ass that the power utility decommissioned it and converted it to natural gas.
Look up Ft St Vrain power plant.
Nuclear is a dangerous dinosaur. Solar has beaten it as well as all forms of fossil fuel generation- just in time to put a dent in humanity's runaway carbon dioxide emissions.
They'll produce the energy we will use for transportation, which is now the largest CO2 emitter.
ttystikk
Well-Known Member
They'll be back.
So will Audi, Mercedes, Porsche, Jaguar, etc, etc.
And they have an advantage over Tesla; they actually know how to build cars AND turn a profit doing it.
doublejj
Well-Known Member
Time to buy your tesla is now, Elon says they won't be available at retail prices for long....
Elon Musk: Tesla will stop selling cars at consumer pricing once full self-driving is solved...
Tesla has a choice between selling a car for $40,000 once or keeping that car and operating it as a robotaxi and generating perhaps ten times that amount over the life of the vehicle. If that’s the case, then the company would be foolish to sell the car and miss out on that future profit potential.
And Tesla shared some numbers showing that they think this will be the case. At their recent Autonomy Investor Day, they showed a slide suggesting that an average robotaxi would be able to bring in $330,000 worth of profits over its useful lifetime. In keeping with this projection, Tesla recently raised the price of the still-unreleased full self-driving option (just a couple months after temporarily lowering).
So this is what Musk is getting at when he says that consumers have a limited time to buy a car. All of a sudden, a $40,000 Model 3 would need to cost six figures for the equation to pencil out for Tesla, and consumers will likely balk at that. This, then, would give Tesla little reason to retain a large retail presence and they would likely focus on offering robotaxi services or possibly fleet sales.
Theoretically, Tesla could still sell cars at high prices, but Musk’s laconic answer suggests that Tesla plans otherwise. Tesla has already stated that they plan to buy back leased Model 3s and put them into service as robotaxis after the lease term is up.
ttystikk
Well-Known Member
No problem. I'm looking at a used Volt anyway. I don't use taxis. Millions of others will be happy to buy their electric car from a manufacturer willing to sell to them.
ttystikk
Well-Known Member
Anyone can make a world beating product with unlimited capital and no need to turn a profit.
I want to see Tesla succeed but they're in for a tough few years as major, well established manufacturers begin introducing their products.
TacoMac
Well-Known Member
That's not entirely accurate.
Fact is, Tesla is already doomed in much the same way that Uber is: they've taken on so much debt that there is simply no way they can ever pay it off.
The first time a recession hits, they're both gone.
hanimmal
Well-Known Member
I don't know, but Tesla might have enough capital (building, manufacturing equipment, etc) to liquidate that they might be able to amputate a bit and survive. UBER would be hosed.
TacoMac
Well-Known Member
No, they don't. It's all financed.
Uber is carrying 12.4 billion dollars in debt.
Tesla is carrying 9.4 billion dollars in debt.
Neither company has ever made a profit other than its IPO.
Neither company ever will.
They're just toys, really. Suckers invest in them because they're stupid. The rich play them like the rigged card game they are: sell stock while it's up and make money, wait for it to crash, buy it back up while it's at rock bottom, tweet about how great you are, wait for stock to go up, sell it again for a profit.
Rinse, repeat.
That's been Tesla's model for two years straight.
Tesla has no assets. They're all collateral on loans. Even their stock is presently bonded out to the point that if hard times hit again (and they will soon) then they will go under.
Right now, Tesla is in the same position as a family that is almost broke and is carrying 4 mortgages on their home.
It really is that bad for them.
hanimmal
Well-Known Member
If Tesla is 9.4 billion in debt, Musk would have enough to cover it (based on below). Debt just doesn't 'come due' either, it would be on some kind of payment program so predictable payments.
TacoMac
Well-Known Member
92.4% of Elon Musk wealth is based solely on the Tesla stock he owns.
He personally has very little real money. He finances his entire lifestyle.
ttystikk
Well-Known Member
Nothing you just said contradicts anything I said, so what's 'not entirely accurate'?
TacoMac
Well-Known Member
You really should have started long ago thinking before you post.
You said:
It's not entirely accurate because they do need to turn a profit at some point to remain in business.
It's only a matter of a recession or one bad year of business that puts Tesla out of business allowing other companies to eclipse them.
Tesla has mortgaged its future to do what nobody else had done. The reason others hadn't done it was because they knew it was not a profitable enterprise.
Hence my statement that it's not entirely accurate what you said.
hanimmal
Well-Known Member
Right on, not that I have a dog in this race, but if Tesla has a bunch of patents that might be something that Musk could live off for the rest of his life in residuals.
TacoMac
Well-Known Member
Wrong again.
Nobody needs any patents Tesla has. In fact, that's part of why Tesla is doomed: they tried and failed to create things on a shoestring budget that simply doesn't and will never work.
There will never be a self driving Tesla based on their own system. It's physically impossible. Everyone knows it.
The only real patents Tesla has aren't really worth anything. They use the same open source technology that the vast majority of electric car makers use.
hanimmal
Well-Known Member
No offense, but I am not sure you can predict which patents might end up being useful eventually, those things get so technical he might get lucky a few times on something worthwhile. I don't know anything about this, or what the conversation was before because I forgot what it was about too, sorry about that!
