Never mind the outstanding acceleration, low running costs, and quiet ride, there are other stronger reasons why Teslas are a game-changer in the market-place.
Watch this video on Someone Killed My Model 3 – but we’re uninjured! to see what they are:
- Auto-updates of software whenever improvements are made
- Structural strength to protect occupants from collisions
- Alert sent to the company if an accident occurs.
Imagine that you’re female or an elderly driver involved in a collision on a rural road at night. The car immediately alerts Tesla to the fact that your vehicle has been involved in a collision, and someone calls your mobile to check if you need assistance. Data about the collision is collated, and improvements can be made to improve braking, autopilot, etc., then issued as updates within weeks (as happened recently when a car review site highlighted longer stopping distances).
Drivers need to understand that the current autonomous driving is driver assist, not full self-driving. Even auto-pilot on aircraft needs to be overridden by the pilot sometimes and there are not nearly so many other close-proximity vehicles in the sky as on the road.
It may be less than a year before full self-driving is available, but it may take a few more years before regulators will permit cars on the road without a driver. The UK may take even longer to catch up with the US, but within five years I expect to see fully autonomous vehicles on the roads.
No Need to Advertise
While other car manufacturers are spending huge amounts of money on advertising and dealerships, Tesla needs neither. Tesla fans create countless videos on social media reviewing their cars and some go to great lengths to build customised Tesla models.
Never Mind the Naysayers
Whenever a new disruptive technology appears, there are many saying that it will never catch on who are quick to point out the possible disadvantages. They do not understand the issues at all.
The Range is Too Limited¹
Currently, the range is about 300 miles on a single charge. That is adequate for daily use, but for long journeys one will have to stop to recharge. However, one should stop after driving for four hours anyway if only to take a toilet break and buy a snack. Super-chargers can add 80% of the car’s range in about half and hour.
Future battery technology will steadily increase the range and reduce the recharging time. After five years the best electric cars will go a thousand miles on one charge and recharge in fifteen minutes.
People Living in Flats won’t have Anywhere to Charge
People living in flats do not refill their petrol or diesel cars from home either. However, slow charge points could be added to street lighting columns. Plug in to charge overnight.
They Cost Too much
The initial purchase price is high, but total cost of ownership breaks even after about five years, depending on the model and the mileage. Lower maintenance, depreciation, and insurance will mean significant savings. Tesla cars are the safest on the road.
Full self-driving will allow your investment to earn money whenever you’re not using it. That is 24 hours a day, 365 days a year. Sure, the vehicle will wear out after five years if used as a robo-taxi, but it will earn many times its purchase price in revenue.
Even if you don’t want to have strangers riding in your smart new car, you can send the kids to school in it, transport elderly relatives to the shops or hospital, fetch urgent deliveries, etc., all from the comfort of your home or office without spending your precious time to be an unpaid chauffeur.
Where will the Extra Electricity Come From?
Solar, wind, wave, and biomass are all developing. The main problem with solar and wind is storage. An electric vehicle connected to the grid is a power storage device. Charge it when the wind blows, and feed energy back to the grid when you do not need to use it. Invest in a solar roof to produce all that you need for your own use.
Electricity is Not Green if it is Produced from Fossil Fuels
Some electricity is produced by burning coal, but not all. More and more is produced from renewable resources. Bulb account holders use only electricity purchased from renewable sources.
Are Electric Cars Really Green?
The World will Run Out of Lithium
Perhaps lithium will become scarce, but that will drive the search for alternative electrolytes. Nearly 100% of lithium can be recycled. Degraded EV batteries can be used for Power Walls; degraded power wall batteries can be stripped and the lithium recycled. We don’t need to throw away aluminium, copper, or lead; why would we throw away lithium?
The World Will Run Out of Copper
Some say that electric vehicles will need so much more copper for super-chargers that copper will become scarce. Perhaps, but innovation always finds a way around such problems. The Tesla Model S uses 3Km of wiring, the Model 3 uses only 1.5Km. The Model Y will use only 100m! Saving expensive copper is not the main reason. Using sub-assemblies greatly reduces manufacturing complexity and cost. Super-chargers need much more copper than cars, but similar innovations will reduce the amount needed. Perhaps graphene will soon remove the need for heavy copper cables completely.
Stock Market Crash: What it Means For Tesla²
- In April announcements about new battery technology are likely to include batteries with much longer range and faster charge times.
- Due to the coronavirus the Stock Market is extremely volatile at the moment. Tesla Stock has always been volatile, but it seems to be weathering the storm fairly well. Check the NASDAQ index for the latest prices.