Quote:
Originally Posted by vailpass
Elon Musk fan boi sighting.
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Naw. I'm just smart enough to ignore Wall Street. Those nerds missed on Amazon b/c they couldn't get out of their own way and realize the strength technology brings to the table.
Have you looked at the gains made in batteries and solar over the last 5, hell, even 2.5 years?
Now realize that Tesla has the auto industry flailing to catch up after they all downsized to the point of having essentially zero electrical engineering in house, opting instead to focus on making engines with a fast approaching ceiling "better". Enter dieselgate.
Facts are, the auto industry all buy from the same parts manufacturers and basically just assemble parts off the shelf. They own the engine, but that's about it.
The investment to catch up is much larger than they assumed. Don't believe me, just ask Porsche CFO Lutz Meschke.
https://www.teslarati.com/porsche-mi...le-investment/
To add to their ire, none of them know anything about software. Ford a bit with Sync and MAYBE GM has a partner with investment in Lyft, but both are essentially on the bench. That's why all auto systems UI suck so badly. It's developed by the parts supplier to "work". It's a bigger distraction on the road than Teslas giant screens. By a long shot.
Musk has a giant advantage there in that he owns 2 of the most attractive companies in the world to software programmers and software engineers as well as engineers at large.
https://www.recode.net/2017/10/26/16...s-tech-workers
https://www.forbes.com/sites/kathryn...dents-in-2016/
These guys missed on Apple, Google, Amazon, Nvidia, Broadcom, IBM, Netflix, Adobe etc. Anything they haven't seen before, they believe is a fad, a bubble or they explain it away some other way. They're old, out of touch and don't care about the future they won't be around for. Short term investors scoffing at long term potential. It's criminal what they do to investors.
So when it's cheaper to buy an EV than an ICE car, and cheaper to add solar to your house than to pay the electric bill every month, are you still going to throw good money after bad? Mind you the two together represent a $6,000+ annual savings plus energy independence for the average 2 adult household. Not to mention the equity the solar system adds to your property.
Both of these things will happen, without subsidy by 2027 at the latest. Prices are falling FAST.
Now that nearly half the world's populations representative governments have set dates for ICE car sales death, and forced the auto industry at large into the battery electric arena against their will, investment in battery research is skyrocketing.
There's absolutely a Moore's law for everything. Now, with bigger investment in research, the investment/progress timeline for batteries is accelerating.