He mentions "no more gas cars after 2035" in California and says the battery day 4860 cells will cause/allow them to move up the date. And he didn't precisely say it, but strongly suggested the battery would indeed be the fabled million mile battery and said "that battery will last a gazillion years".
I note a lot of negative press with reporters being fed comparisons and test drives of prototypes. Look at the headline article in this months Motor Trend. You'd think Tesla was inept and you should wait for the great promised long range EV (that will sell in minuscule amounts due to its price).
i forget the coined phrase Sandy Monroe refers to in the video posted above, but it represents fear. By example, imagine you are LG, Panasonic or other battery manufacture . Someone invents a fully tested solid-state battery - & is capable of volume production. Bam .... your Millions invested in supplies, inventory, machinery, just became a dinosaur graveyard. Hope you are a diversified company so that it doesn't wipe you off the face of the Earth. In the video, Sandy mentioned some type of equipment created for auto manufacturing. The industry was reluctant to Incorporated because there were heavy Investments already in the existing Tech. .
But any technology firm is subject to disruptive new technologies. Tesla included. I sometimes wonder if they are over committed with all their factories being built. Of course if your aim is to force change, how much do you care if the next tech breakthrough disrupts you, you have achieved your goal. Now is that worthy goal also a good investment? Yea, so far.
An interesting article on Nickel supply chain: A Look At Who Might Win A 'Giant Contract' To Supply Tesla With Nickel | Seeking Alpha Nickel 'battery' demand is forecast to increase by 14x from 2019 to 2030. The demand surge will be for battery grade nickel sulphate best extracted from nickel sulphide ore. By 2025 if Tesla was making 5 million EVs pa they would need ~275,000 tpa of nickel each year. That is way above what most miners are capable of supplying. A focus on nickel sulphide miners that can produce economic and environmentally sensitive supply of nickel at a scale to potentially supply Tesla. I'm getting more and more interested in juniors: Ardea (already bought some), Clean TEQ (Sunrise project), Talon (US-Tamarack Project), Giga Metals (CA, but has high nickel price), Poseidon Nickel... Also interesting is the fact that currently Sumitomo supplies Panasonic with Nickel from Indonesia, Tesla is planing to build a factory in Indonesia. Source of Nickel there is from from laterite ores, which demands more cost and is not so environmentally friendly (acid waste), but IMO technology can change that very quickly and soon there will be no choice but to use more and more laterite ores. Another interesting thing is Lithium, if Tesla plans to build in Indonesia, where will they get Lithium form? Australia is close and has the Spodumene producers, the two companies to watch IMO are Pilbara Minerals and Galaxy Resources. But the problem I see is that those companies won't get much of a added value, because they won't produce the Lithium hydroxide for Tesla, but still they may produce it for other battery makers (Pilbara ties with CATL).
With all the shorts Seeking Alpha have placed against Tesla over the past few years, & fake news published to bolster their position .... one tends to keep that in mind - every time one sees their lips moving. .
Seeking Alpha is just a platform where many different authors publish their own articles and views. Don't take it as investing advice, take the ideas and information, check it and make your own decision.
I too had looked at mining only to realize they have 'Trevor Milton' credibility. Not just malice but their mineral surveys have significant risks of missing voids or other surprises. Now if you could spread the risks across a pool of mining stocks, that could work. Bob Wilson
most shorts have given up. media hype is way down from what i can see, but there is an article almost everyday hyping the next great ev mfg. my assumption is that they are all in, and hoping to influence others, so when the price goes up, they can get out with a tidy profit.
Largely due to macro, but stock now down around 2-3% after stellar earnings. Might be a buy soon again.
iirc - late August it broke through $500 (that would have been $2,000 prior to the split). Might as well hang on till it hits $1,000 now. Now, the S&P will include Tesla - as Musk rakes in another 15 billion or so. That puts him poised to pass Zuckerberg third richest in the world status .... tho Zuckerberg doesn't really make anything, other than a place to source social media advertising .... not that anything's wrong with it. Elon Musk set to be world's third-richest person as Tesla shares soar | Technology | The Guardian .
It’s the bread and butter of many retirement funds. Bisco, does that mean you (some asset manager for you) are finally buying some TSLA shares?
