Tesla is now more valuable than the combination of the world's top seven traditional automakers

Tesla mania vs. economic reality
Tesla mania vs. economic reality
If one didn’t, you know, know better, one might get the impression that Tesla stock is overhyped and overvalued.

Speaking of Tesla, my take is that the Tesla fanboys are pretty much all Apple fanboys, too. After Apple’s car announcement, what happens when the faithful have to buy a vehicle and choose between rabid brand allegiances? I predict nervous breakdowns on every well-to-do block in America.
 
Coal burning electric vehicles
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Let the icing begin…
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Pickups-blocking-Tesla-charging-stations-4.jpg


f4rhiqsaa3621.jpg
 
Stories like this always makes me wonder about the stock market. Now I'm not anti-securities, I have owned mutual funds since I was in my 20s. But when I see the speculation and emotion that can drive stock prices to ridiculous valuations, I begin to think it is all just a house of cards. Why do I want to own a particular stock? Well, because I think it is a good value and other people will too, and so it will increase in price as more buy in. Ponzi scheme?
 
If one didn’t, you know, know better, one might get the impression that Tesla stock is overhyped and overvalued.
I think the CEO (won't mention the name of someone I abhor and distrust) is a scam artist of the highest order. Before production really took off, the stock was a roller coaster. Any time he would get smacked down and the stock price would drop (such as a report about yet another missed production deadline), miraculously he would pull some new product out of his hat and the stock price would surge again.

He knows how to manipulate finances and game the system. He's also one of the "masterminds" who ran PayPal. So, his background is financial, not automobile manufacturing.

Thing is, this type of thinking is what created the dot.com bubble/crash back in the late 1990s. Even now, there are acquisitions of small tech companies with no assets other than marketing and coding talent, and the possible value to advertisers, whose valuations far exceed large and long-established corporations who have substantial physical assets to their names.
 
Coal burning electric vehicles
negative+on+EC.jpg


Let the icing begin…
maxresdefault.jpg


Pickups-blocking-Tesla-charging-stations-4.jpg


f4rhiqsaa3621.jpg
Four things:

1. Power plants (even horrible, horrible, horrible coal-fired power-plants) providing electricity for electric vehicles are more efficient / less polluting overall than hordes of gasoline and diesel vehicles on the roads.

2. Coal (and hopefully oil / natural gas eventually) power plants are being phased out in favor of renewables. Personally, I'd like to see more Gen 3+ nuclear but that's difficult given the long-tail for profitability, lack of public support for nuclear (because Chernobyl, Three Mile Island, Fukushima Daiichi, etc.), and waste storage, but just getting rid of fossil fuel electrical generation would be a huge boon.

3. ICE-ing is a total asshole move and those people should be ashamed of themselves.

4. All that being said, Tesla is overvalued and Elon is an asshat (and I refuse to buy his vehicles)

However, my wife and I have leased / owned multiple generations of Nissan LEAF and have invested in an 8.8kW PV array so we can fuel it from solar power. That, and we're waiting for someone to come out with a legitimate mid-sized electric station wagon (not SUV) with a > 300 mile range so we can get rid of our Sportwagen TDI.
 
Four things:

1. Power plants (even horrible, horrible, horrible coal-fired power-plants) providing electricity for electric vehicles are more efficient / less polluting overall than hordes of gasoline and diesel vehicles on the roads.

2. Coal (and hopefully oil / natural gas eventually) power plants are being phased out in favor of renewables. Personally, I'd like to see more Gen 3+ nuclear but that's difficult given the long-tail for profitability, lack of public support for nuclear (because Chernobyl, Three Mile Island, Fukushima Daiichi, etc.), and waste storage, but just getting rid of fossil fuel electrical generation would be a huge boon.

3. ICE-ing is a total asshole move and those people should be ashamed of themselves.

4. All that being said, Tesla is overvalued and Elon is an asshat (and I refuse to buy his vehicles)

However, my wife and I have leased / owned multiple generations of Nissan LEAF and have invested in an 8.8kW PV array so we can fuel it from solar power. That, and we're waiting for someone to come out with a legitimate mid-sized electric station wagon (not SUV) with a > 300 mile range so we can get rid of our Sportwagen TDI.
I got to borrow my cousin's Leaf last time I was in Victoria. First time driving an EV, and I liked it for tooling around town. I'd be happy to have something like that. (especially driving by gas stations and giving them the wave)

 
I got to borrow my cousin's Leaf last time I was in Victoria. First time driving an EV, and I liked it for tooling around town. I'd be happy to have something like that. (especially driving by gas stations and giving them the wave)


Yeah - the technology is barely out of its infancy, but it's getting better at a rapidly increasing rate.
 
Like it or not, I believe that in ten years or so it will be socially unacceptable to drive a fossil-fuel burning vehicle.
Kinda like smoking cigarettes.
 
I was shocked to learn that EVs still in 2020 have a bigger lifetime carbon footprint than ICE vehicles. But that will be changing in the next couple of years as the manufacturing gets more sophisticated, and doesn’t rely on using less fossil-fuel electric than we do now. Clearly, it’s the future.

And despite my unending derision of Tesla owners and Ernst Blofeld, the Tesla 2 I’ve had my hands on was well put together and a blast to drive. They’ve pushed automotive technology forward immeasurably. Have you seen the cost of ownership on Tesla vs. anything ICE? Super impressive.

I’m a fan of Blofeld’s rocket venture, too.
 
Four things:

1. Power plants (even horrible, horrible, horrible coal-fired power-plants) providing electricity for electric vehicles are more efficient / less polluting overall than hordes of gasoline and diesel vehicles on the roads.

2. Coal (and hopefully oil / natural gas eventually) power plants are being phased out in favor of renewables. Personally, I'd like to see more Gen 3+ nuclear but that's difficult given the long-tail for profitability, lack of public support for nuclear (because Chernobyl, Three Mile Island, Fukushima Daiichi, etc.), and waste storage, but just getting rid of fossil fuel electrical generation would be a huge boon.

3. ICE-ing is a total asshole move and those people should be ashamed of themselves.

4. All that being said, Tesla is overvalued and Elon is an asshat (and I refuse to buy his vehicles)

ICE-ing is a total butthead move and probably done by the same people who think that global warming and COVID ARE hoaxes, COVID will be over soon, and are anti-maskers and anti-vaxers. Several states already have laws against ice-ing.

Elon may be an asshat but I bought his Model 3 a year and a half ago.
 
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I got to borrow my cousin's Leaf last time I was in Victoria. First time driving an EV, and I liked it for tooling around town. I'd be happy to have something like that. (especially driving by gas stations and giving them the wave)


Uh, that’s not a Leaf. And did anyone ever tell you that you look like Prince Philip?
 
The world needs people like Musk to get out of the box every so often. Many said HT Ford was an ass didn't they?
I wonder if he has a cool stereo?
 
Henry Ford was an ass but there’s also the possibility he was suffering from acute lead poisoning. His office at the Rouge Plant was right under the paint shop and the longer he was there the more mean tempered, unpredictable and angry he got.
 
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