Tesla – Page 2317 – I wish I had more to offer

Porsche Taycan Turbo’s EPA range of 201 miles is much lower than expected

By Tony Markovich The Porsche Taycan Turbo already passed its biggest initial test. By our estimations, it drives and feels like a real Porsche and deserves the name and crest it wears (the Turbo part is a different story). But its second major test is serving as a properly usable everyday electric car, and its… Continue reading Porsche Taycan Turbo’s EPA range of 201 miles is much lower than expected

It’s Wrong To Value Tesla [TSLA] As An Auto Business

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Published on December 11th, 2019 |

by Johnna Crider

It’s Wrong To Value Tesla [TSLA] As An Auto Business

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December 11th, 2019 by Johnna Crider

Tesla is an auto business, but at the same time, it’s not. It has grown from that into something else and investors need to look at Tesla not from any single angle, but need to see it as the whole it is. The Spring recently published an article on the potential of Tesla services, and it challenges one to look at Tesla in a different light.

The article points out that Tesla has always been valued from the same perspectives that investors use to value auto businesses. This is great for any normal car company — they build factories, have high upfront expenses, and sell a new car to a customer every 10 years or so. Tesla looks like your typical auto company at a glance, and this is what investors seem to go by. Take a quick look, slap a value on it based on certain metrics, and move along.

I agree with the author of the article, Kevin Rooke, who believes it is “becoming increasingly wrong to value Tesla’s auto business like an auto business.” This is because Tesla is so much more than that. Tesla is also a tech business, an energy business, and is taking a few pages from Apple as it starts to become a services business, which is what the article focuses on.

Another point the author makes is that most of the time, automakers don’t even know who exactly their customers are. Tesla CEO Elon Musk keeps a close eye on customer feedback on Twitter, often interacting with Tesla owners, investors, and supporters.

The article also highlights that Tesla has a different approach to selling its cars. It has a direct-to-consumer business model, which means there are no dealers. Unlike Ford or other automakers that sell to dealerships once the cars are off the line, Tesla sells to the customers directly.

Regarding services, the article points out that Tesla’s services look a lot like Apple’s. Some quick comparisons include trade-ins, insurance, service centers, Premium connectivity, and Supercharging. This is actually a smart way to bring in recurring revenue. Some may complain about having to pay for something that was once free, such as WiFi, but $10 a month for the internet is likely to cover costs plus a small premium and is not that expensive. Still, an important point is the option is there to make more money on this down the road.

Rooke illustrates how quickly the services could become a core part of Tesla’s business by providing an example: imagine 2 years from now that Tesla has a fleet of 2 million vehicles with $1,000 per vehicle in services revenue per quarter. If Tesla achieves a 10% gross margin on these services, then that is an additional $800 million of profit per year just from these services. Rooke shows other examples as well and also demonstrates just how Tesla can turn its services into those big businesses by comparing what Tesla does with other automakers. You can read more about his thoughts here.

By embracing the services potential with its technology, Tesla is positioning itself to become even more profitable despite what critics, who only see it as a basic auto company, have to say or argue.
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About the Author

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”

Tesla is one of many good things to believe in. You can find Johnna on Twitter

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Prediction: Tesla Cybertruck Will Have 1 Million-Mile Battery

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Batteries

Published on December 11th, 2019 |

by Johnna Crider

Prediction: Tesla Cybertruck Will Have 1 Million-Mile Battery

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December 11th, 2019 by Johnna Crider

Reddit user OompaOrangeFace has shared a prediction regarding the Tesla Cybertruck that may appeal to readers here. The prediction is that the Cybertruck will have a 1 million-mile battery plus power train warranty and a 20-year corrosion warranty for the body of the truck. This would be a key selling point for the indecisive buyer who is on the edge of purchasing one but considering hitting the “Place Order” button.

1 Million-Mile Battery
In September, a group of researchers at Dalhousie University published a paper in The Journal of Electrochemical Society that painted a picture of a lithium-ion battery that could power an electric vehicle for over a million miles. Dalhousie University’s battery team, led by Jeff Dahn, has had an exclusive agreement with Tesla for a few years, and Tesla CEO Elon Musk promised back in April that Tesla would soon be able to run its vehicles on more than 1 million miles over the course of their lifespans. Some people laughed, mocked, or made Elon Musk the butt of their jokes (nothing new here). However, in light of that publication, we are seeing that Elon Musk has science backing up that claim.

As Tesla dives deeper into the realm of battery production, this million-mile battery could be fully developed by the time the Cybertruck starts production. If this theory becomes reality, then it seems no competitor could have anything comparable — even beyond the style differences.

Another user on Reddit, M3FanOZ, not only agreed with the theory but backed it up with one of their own. Their hunch is that the CyberTruck would come with a 1 million-mile battery, a 20-year lifetime warranty, and an 8 year 250,000 mile warranty. “Like the Semi, the battery will be capable of being cycled daily on a regular basis.”

Again, these are just theories and we will not know until the CyberTruck is being delivered to its customers in a couple of years, but it is fun to speculate — just as long as we don’t base our hopes on these speculations. (I am bad about that!)

Another idea by user TheSpocker is that you should also be able to use your truck to power your house like a Tesla Powerwall does. This could be a software unlockable option. This is actually a pretty cool idea, and since Tesla is becoming more of a services-type company, it would be a smart move for those wanting to combine the solar aspect of the Cybertruck.

What are your thoughts on these ideas?
Follow CleanTechnica on Google News.
It will make you happy & help you live in peace for the rest of your life.

About the Author

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”

Tesla is one of many good things to believe in. You can find Johnna on Twitter

Advertise with CleanTechnica to get your company in front of millions of monthly readers.

Fire At Tesla Supercharger Caused By Ford Mustang Driver Doing Donuts

At least people refrained from blaming Tesla this time. In November, a fire affected a Supercharger at a Wawa store in New Jersey. Some websites immediately blamed Tesla for it only to be corrected by others. They did not stand corrected, and you can still read that the Supercharger caused the fire. That is what… Continue reading Fire At Tesla Supercharger Caused By Ford Mustang Driver Doing Donuts

Cannon-Brookes says Zoox “robot” cars will be on the road within two years – The Driven

Australian tech billionaire Mike Cannon-Brookes says he expects to see autonomous “robot cars” on the road within two years, in what he says will be a massive change in road transportation. Cannon-Brookes, through his private investment company Grok Ventures, (which has also backed the project to build the world’s biggest solar farm and battery in… Continue reading Cannon-Brookes says Zoox “robot” cars will be on the road within two years – The Driven

Tesla is in talks with police department to use Sentry Mode for policing needs

A police department in Connecticut bought a Tesla Model 3 and disclosed that they are “in direct conversations with Tesla” to use Sentry Mode for policing needs in Tesla police patrol cars. Earlier this week, the Westport police department announced that they bought a Tesla Model 3 that they are currently upgrading to use as… Continue reading Tesla is in talks with police department to use Sentry Mode for policing needs

Tesla and other EVs block gas station in protest against charging station Icing

Tesla vehicles and a few other electric vehicles blocked a gas station in Croatia in a protest organized by the local unofficial Tesla owners club against the lack of action to prevent EV charging stations being blocked by parked gas-powered cars, also known as Icing. Icing is what the EV community calls an internal combustion… Continue reading Tesla and other EVs block gas station in protest against charging station Icing

Tesla’s German plant to produce 500,000 cars a year: Bild

Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany’s Bild newspaper reported on Wednesday.German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros in the plant.Construction will start in 2020, the newspaper reported.

BASF To Build A Battery Factory In Germany

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Batteries

Published on December 10th, 2019 |

by Johnna Crider

BASF To Build A Battery Factory In Germany

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December 10th, 2019 by Johnna Crider

German news outlet Bild reports that BASF will build a battery factory in Brandenburg for 500 million euros ($555 million). The factory will center around producing cathodes, and the news comes four weeks after Tesla’s surprise for Germany.

Five German companies will profit from this battery factory, which had recently been approved for a €3.2 billion package by the European Commission. Christine Haupt, a BASF spokesperson, says that they want to produce cathode materials for 300,000 electric cars per year from primary products with their factory in Finland and that the executive board will decide on the German production site. “Social, environmental and economic factors play a role here.” Those three factors are vital for any economy and for any business to do well.

In the article, Tesla is recognized as a world market leader. Germany will surely see a major growth in the economy once these two plants are actually built and start producing.

The article also points out another advantage of Schwarzheide. The largest chemical plant in Brandenburg has around 3,000 workers and those workers are paid lower wages than in the West German BASF factories. Not only will BASF most likely pay higher wages, but it will bring competition to the job market and this will give workers more options and ways to grow.

For some previous BASF stories on CleanTechnica, see:

BASF And Norilsk Nickel Partner On New Battery Production In Finland

Exciting Developments In NMC 811 Lithium Battery Technology

BASF + Volkswagen Award Dr Vanessa Wood With “Science Award Electrochemistry” For Li-Ion Battery Work

Lithium-Sulfur Battery Performance Improved Via New Cathode Stabilization Strategy

Follow CleanTechnica on Google News.
It will make you happy & help you live in peace for the rest of your life.

About the Author

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”

Tesla is one of many good things to believe in. You can find Johnna on Twitter

Advertise with CleanTechnica to get your company in front of millions of monthly readers.

Top Gear’s Chris Harris Talks Tesla Cybertruck

“It’s the usual utter nonsense from Mr. Musk … because it looks like a four-year-old designed it.” Top Gear calls the Tesla Cybertruck the “sharpest design we’ve seen in a very, very long time.” The publication precedes that statement with the word, “literally.” Clearly, this is to say that the all-electric pickup truck has very… Continue reading Top Gear’s Chris Harris Talks Tesla Cybertruck