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).
Recent News: Tesla car written off as lorry sheds load of slabs in Norfolk, but the driver walks away uninjured. If this does not convince you that Tesla cars are safer then nothing will. In tommorow’s fake news headlines we may see a headline like “Tesla Autopilot fails to avoid write-off.”
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.
Full self-driving could be available by the end of 2021, 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 the end of 2025 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, many say that it will never catch on, and are quick to point out the possible disadvantages. They do not understand the issues at all.
The Range is Too Limited
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 an hour. The new model S has a range of 400 miles, the Cybertruck will have a range of 520 miles, and the Roadster a range of 600 miles.
They Cost Too much
The initial purchase price is high, but the 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 insurance will have a significant advantage over other companies; they have vast amounts of data about Tesla users’ driving habits and will be able to offer lower prices to safer drivers.
Full self-driving will allow your investment to earn money whenever you’re not using it. The vehicle may wear out sooner 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. Polar Night Energy have one of many possible solutions to this problem. 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 Produced from Fossil Fuels
Some electricity is produced by burning coal, but not all. More and more is produced from renewable resources. Octopus account holders use only electricity purchased from renewable sources. • Referral Link • Are Electric Cars Really Green?
The World will Run Out of Lithium
Lithium may become more expensive, but that will drive the search for alternative sources. 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 Race to Recycle Batteries
New Giga Factories
WORK at the Gigafactory in Texas has nearly caught up with Berlin. In Berlin, public consultation is required for building the Battery Factory. Environmentalists have until the middle of August to register their objections to the plans.
July 2021 Update: Work at the Texas Gigafactory began on 23rd July 2020. The levelling and ground preparation for the new factory building (which is apparently for Starlink dishes) on the other side of the highway is complete. The steel structure on West side is growing fast. The Gigapress is already producing parts, and the roof slabs over the Gigapress area are complete. More roads are being paved, and steel is going up fast in the southern gap.
Pike’s Peak Hill Climb Race
In 2020, a production Tesla Model 3 Performance set a new world record for the annual Pike’s Peak hill climb race. Sponsored by Tesla fans without corporate finance, they achieved an amazing result.
June 28th 2021 Update: Unplugged Performance win the Exhibition Class with the Tesla Model S Plaid.
ANOTHER perfect market for Tesla Performance cars: Police, Paramedics, and others who do a lot of mileage or need to get around fast. The Police department is talking to Tesla engineers to incorporate their radios into the software. They can securely store equipment such as computers and weapons, and allow access to medical equipment in the frunk using their mobile without leaving the victim.
Seven Seater Model Y
The Seven-seater Model Y has two seats in the third row that are suitable for children or an average adult less than six feet in height. The refreshed Model S and Model X also have seven-seater options.
🚀 Tesla to Mars 🚀
What everyone wants to know, of course, is how high can the price go. The stock price rose more than ninefold from $95.63 on 5/01/2020 to $880.02 on 3/01/2021. That rate of growth may be exceptionally high, but I am confident that it will continue to grow for several years yet (Not investment advice. Do your own research). In my opinion, by the end of this year it will be at least $2,000. Come back in December 2021 to see if my guess was anywhere close to that. At market close on 23rd July the stock price was down to $643.38.
TESLA stock fell from highs above $900 in February in spite of steady progress in production and building new factories. Nevertheless, it is currently valued at 227% of its price a year ago. That is a lot more than the interest on a building society savings account. Rob Maurer of Tesla Daily gives his views on how to deal with the Volatility of TSLA. He is always worth listening to.
Heating, Air-conditioning, and Ventilation
In hot climates air-conditioning accounts for up to 27% of energy use, and the Global Market for HVAC is enormous — $78 Billion per year and growing at about 10% per year. Tesla has expertise in Hepa filters — which it includes in its Model S and X — in heat pumps, and in solar power.
The Competition is Coming!
SEVERAL manufacturers have released premium range electric cars that can be compared to Tesla cars. It makes no sense to include cars like the Lucid Air, which have been announced, but won’t be released for some months yet. The best of those currently available may be the Porche Taycan.
Self-driving Beta Test
A good number of users are now testing the self-driving beta software, which is getting better with each update. It may not be long before it is available to anyone who wants it. Obviously, Tesla needs to err on the side of caution since one accident will generate a lot of negative press in spite of the software already being ten times safer than the average human driver. The beta software requires the driver to be ready to take control immediately and will deactivate if the driver does not keep a hand on the wheel. If the internal camera detects that the driver is not paying attention the Beta may be disabled for them.
A useful guide by Dirty Tesla, one of the current Beta Testers. Elon Musk is confident that the software will be ready for full autonomy in 2021. If regulators allow it, that would mean that “drivers” could do something else while letting the car drive itself. Intervention would still be required to initiate full self-driving, enter a destination, and for parking at the end of the journey. Version 9.0 of the Full Self Driving Beta software was released on 10th July to a limited number of Beta testers. Many videos can now be found on YouTube.
Full Self-driving Subscription model released. This should increase revenue.
- $199 a month upgrade from standard Autopilot
- $99 a month upgrade from Enhanced Autopilot
- $1,500 if hardware upgrade for older models
On June 10th 2021, Tesla held a delivery event for the Model S and X Plaid versions. The Model S Plaid is the quickest production car of any kind. (The Rimac Nivera is quicker, but it is not yet a production car). Review by Tesla Raj.
- 0-60 in in 1.99 seconds – Quicker than a Bugatti Chiron
- Standing quarter mile in 9.23 seconds
- Top speed 200 mph, 1020 HP
- Lowest drag coefficient of any production car: 0.208
- Range 390 (Plaid) – 405 miles (Long Range)
- Charging 187 miles in 15 minutes – new battery pack
- Carbon-sleeved rotors 20,000+ rpm delivering full power right up to 200 mph with no gearing
- Improved heat pump 30% more efficient for cold weather range
- Yoke steering with no stalks, smart gear-shift, back-seat PS5 quality entertainment and 36 watt wireless charging, three zone air-conditioning, double glazed acoustic glass, 22 speakers 920 watts! New UI on 17″ main screen, waypoints on route-planning.
Q2 Earnings Call
Earnings are due to be announced on 26th July.