Electric Vehicles
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@voodoo said in Investing - Property/Shares:
@Kirwan said in Investing - Property/Shares:
@antipodean said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
FOMO. There's literally no other reason for the stock price.
Anyone thinking their battery technology is worth such a ridiculous valuation is ignoring that most of the IP is actually owned by their partners and smaller university backed companies are doing more interesting, ground breaking things.
The EPS of the stock is ludicrous. It's like muppets think Tesla is going to dominate the automobile industry. Now that all the other real manufacturers are stepping into the EV market, Tesla will remain a niche for people who don't know what quality is.
Probably a bet on the self driving aspect of Tesla. Whoever cracks that technology first is going dominate what driving in the future looks like.
Particularly as they aren't using a lidar based system, and their competitors are.
I'm pretty bearish on AVs in Australia, probably NZ also. Somewhere like Singapore maybe will be first.
But here in Oz in particular, everyone wants to drive, and everyone thinks they're really good at it. And red tape and beaurocracy will ensure that we continue to measure AV safety against perfection rather than the miserable drivers that humans actually are.
Agreed. It doesn't need to be perfect, just better. The problem for lawmakers is semi-autonomous driving still kills people and they'll be more than happy to insist on inventing a suitable standard for such systems to comply with.
We're a long, long way off autonomous driving, but anything that limits this sort of fuckwittery is "A Good Thing":
Now given the time to implement a legislative background (which will only come at the behest of lobbying and public groundswell), that's a fair way off. Tesla may well be the obvious and lone candidate for licensing, but that alone won't justify the share price.
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Not sure how far along autonomous Jetsons are, but that could end up being the solution.
What will put AV over the top IMO is cheap passenger transport as a service, whether that's as individual cars going door to door for $5 or busses and trains dropping below $2.
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@NTA said in Electric Vehicles:
So Toyotas, BMWs, Volkswagens, Hondas, Nissans, Kias etc..?
Rampant subsidies because, well why the hell not when you're running trillion dollar deficits?
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@antipodean said in Electric Vehicles:
@NTA said in Electric Vehicles:
So Toyotas, BMWs, Volkswagens, Hondas, Nissans, Kias etc..?
Rampant subsidies because, well why the hell not when you're running trillion dollar deficits?
Maybe Ford and Tesla will get a run? π
Rivian anyone?
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@NTA Tesla's had more than a decade. Useless.
I'm betting Ford's investment on Rivian will pay dividends. They used the last round of public money largesse to make their F truck fleet more environmentally friendly. A battery diesel hybrid will IMO be a success when Americans work out they're faster and can tow more.
Especially when you consider Amazon will be looking for Rivian to be the preferred manufacturer of its future delivery vehicles.
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@antipodean said in Electric Vehicles:
Tesla's had more than a decade. Useless.
Lol fuck really? Started a car company which hasn't been done in the US for donkeys, then finally got profitable rather than crashing and burning π€£
Your definition of "useless" needs adjusting I think π€ Unless you are Jeff Bezos
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@NTA said in Electric Vehicles:
@antipodean said in Electric Vehicles:
Tesla's had more than a decade. Useless.
Lol fuck really? Started a car company which hasn't been done in the US for donkeys, then finally got profitable rather than crashing and burning π€£
Your definition of "useless" needs adjusting I think π€ Unless you are Jeff Bezos
Yeah, I know I'm an Elon fanboy but he's basically made electric cars "cool" in an industry that actively buried EV projects for decades.
Bootstrapping the factories for the cars and the batteries (also moving battery technology along, open sourcing their patents) AND being profitable is pretty impressive.
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@JC said in Electric Vehicles:
@Kirwan said in Investing - Property/Shares:
@antipodean said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
FOMO. There's literally no other reason for the stock price.
Anyone thinking their battery technology is worth such a ridiculous valuation is ignoring that most of the IP is actually owned by their partners and smaller university backed companies are doing more interesting, ground breaking things.
The EPS of the stock is ludicrous. It's like muppets think Tesla is going to dominate the automobile industry. Now that all the other real manufacturers are stepping into the EV market, Tesla will remain a niche for people who don't know what quality is.
Probably a bet on the self driving aspect of Tesla. Whoever cracks that technology first is going dominate what driving in the future looks like.
Particularly as they aren't using a lidar based system, and their competitors are.
My SUV will drive itself so long as you keep touching the steering wheel every 30 seconds to remind it you're still there. It's useless. It depends on monitoring your position on the road using cameras so it's looking for a clear white line on the offside and a centre line on the right. It's common not to have a left hand side line at all and any time there's a missing centerline the car drifts you across to the other side where it then uses its radar to detect the car it has now put you in the way of. The last thing you hear before you die is the truly excellent warning systems telling you it's all gone tits up.
Steering wheels. They're worth using.
Classic. Driving through rural Victoria a couple of years ago and I discovered the commodore rental had steering assist when I tried to overtake a cyclist on a long sweeping bend and all of a sudden the car veered violently towards the cyclist as I hit the centre line. I had to fight the fucker to veer back away.
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@Kirwan said in Electric Vehicles:
Bootstrapping the factories for the cars and the batteries (also moving battery technology along, open sourcing their patents) AND being profitable is pretty impressive.
I still get people comparing car batteries to laptop or phone batteries π. Huge leaps there that China can now reverse engineer and help drive costs down on.
I would have struggled to give a shit after making millions in software, personally π
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@NTA said in Electric Vehicles:
@Kirwan said in Electric Vehicles:
Bootstrapping the factories for the cars and the batteries (also moving battery technology along, open sourcing their patents) AND being profitable is pretty impressive.
I still get people comparing car batteries to laptop or phone batteries π. Huge leaps there that China can now reverse engineer and help drive costs down on.
I would have struggled to give a shit after making millions in software, personally π
Yep, 100 million and I'd have been out. He spent it all on SpaceX and Tesla and bet it all.
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@NTA said in Electric Vehicles:
@antipodean said in Electric Vehicles:
Tesla's had more than a decade. Useless.
Lol fuck really? Started a car company which hasn't been done in the US for donkeys, then finally got profitable rather than crashing and burning π€£
Your definition of "useless" needs adjusting I think π€ Unless you are Jeff Bezos
Just balancing the fanbois fapping furiously over the internet as they excuse every misstep.
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@antipodean said in Electric Vehicles:
@NTA said in Electric Vehicles:
@antipodean said in Electric Vehicles:
Tesla's had more than a decade. Useless.
Lol fuck really? Started a car company which hasn't been done in the US for donkeys, then finally got profitable rather than crashing and burning π€£
Your definition of "useless" needs adjusting I think π€ Unless you are Jeff Bezos
Just balancing the fanbois fapping furiously over the internet as they excuse every misstep.
I'm sure there are better uses of your time than trolling Polish hookers on random sport forums, Jeff.
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@NTA said in Electric Vehicles:
@antipodean said in Electric Vehicles:
@NTA said in Electric Vehicles:
@antipodean said in Electric Vehicles:
Tesla's had more than a decade. Useless.
Lol fuck really? Started a car company which hasn't been done in the US for donkeys, then finally got profitable rather than crashing and burning π€£
Your definition of "useless" needs adjusting I think π€ Unless you are Jeff Bezos
Just balancing the fanbois fapping furiously over the internet as they excuse every misstep.
I'm sure there are better uses of your time than trolling Polish hookers on random sport forums, Jeff.
Back at you Nigel.
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@Bones said in Electric Vehicles:
@JC said in Electric Vehicles:
@Kirwan said in Investing - Property/Shares:
@antipodean said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
FOMO. There's literally no other reason for the stock price.
Anyone thinking their battery technology is worth such a ridiculous valuation is ignoring that most of the IP is actually owned by their partners and smaller university backed companies are doing more interesting, ground breaking things.
The EPS of the stock is ludicrous. It's like muppets think Tesla is going to dominate the automobile industry. Now that all the other real manufacturers are stepping into the EV market, Tesla will remain a niche for people who don't know what quality is.
Probably a bet on the self driving aspect of Tesla. Whoever cracks that technology first is going dominate what driving in the future looks like.
Particularly as they aren't using a lidar based system, and their competitors are.
My SUV will drive itself so long as you keep touching the steering wheel every 30 seconds to remind it you're still there. It's useless. It depends on monitoring your position on the road using cameras so it's looking for a clear white line on the offside and a centre line on the right. It's common not to have a left hand side line at all and any time there's a missing centerline the car drifts you across to the other side where it then uses its radar to detect the car it has now put you in the way of. The last thing you hear before you die is the truly excellent warning systems telling you it's all gone tits up.
Steering wheels. They're worth using.
Classic. Driving through rural Victoria a couple of years ago and I discovered the commodore rental had steering assist when I tried to overtake a cyclist on a long sweeping bend and all of a sudden the car veered violently towards the cyclist as I hit the centre line. I had to fight the fucker to veer back away.
That may not have been software, just build quality.
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@dogmeat said in Electric Vehicles:
@Godder Once the AV has dropped it's passenger off where does it go?
There is a mounting body of evidence that Uber's are adding to inner city congestion as they cruise the streets looking for hires
I've read about that, but AVs could just park and wait as they don't have drivers so they aren't trying to maximise anything. If enough people switch away from cars to AVs, it will replace normal cars rather than supplement them.
My own Jetsonmobile would be better though.
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@antipodean said in Electric Vehicles:
@Bones said in Electric Vehicles:
@JC said in Electric Vehicles:
@Kirwan said in Investing - Property/Shares:
@antipodean said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
FOMO. There's literally no other reason for the stock price.
Anyone thinking their battery technology is worth such a ridiculous valuation is ignoring that most of the IP is actually owned by their partners and smaller university backed companies are doing more interesting, ground breaking things.
The EPS of the stock is ludicrous. It's like muppets think Tesla is going to dominate the automobile industry. Now that all the other real manufacturers are stepping into the EV market, Tesla will remain a niche for people who don't know what quality is.
Probably a bet on the self driving aspect of Tesla. Whoever cracks that technology first is going dominate what driving in the future looks like.
Particularly as they aren't using a lidar based system, and their competitors are.
My SUV will drive itself so long as you keep touching the steering wheel every 30 seconds to remind it you're still there. It's useless. It depends on monitoring your position on the road using cameras so it's looking for a clear white line on the offside and a centre line on the right. It's common not to have a left hand side line at all and any time there's a missing centerline the car drifts you across to the other side where it then uses its radar to detect the car it has now put you in the way of. The last thing you hear before you die is the truly excellent warning systems telling you it's all gone tits up.
Steering wheels. They're worth using.
Classic. Driving through rural Victoria a couple of years ago and I discovered the commodore rental had steering assist when I tried to overtake a cyclist on a long sweeping bend and all of a sudden the car veered violently towards the cyclist as I hit the centre line. I had to fight the fucker to veer back away.
That may not have been software, just build quality.
It ended up actually being really good, it was just I had no idea the car had it, so I was just slowly drifting across and it tried to correct it at a really bad time. Once I figured that it was great, sweeping bends didn't even need me to turn the wheel.
Even better when Bonesetta joined me and I didn't tell her, just showed her.
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@Bones said in Electric Vehicles:
@JC said in Electric Vehicles:
@Kirwan said in Investing - Property/Shares:
@antipodean said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
FOMO. There's literally no other reason for the stock price.
Anyone thinking their battery technology is worth such a ridiculous valuation is ignoring that most of the IP is actually owned by their partners and smaller university backed companies are doing more interesting, ground breaking things.
The EPS of the stock is ludicrous. It's like muppets think Tesla is going to dominate the automobile industry. Now that all the other real manufacturers are stepping into the EV market, Tesla will remain a niche for people who don't know what quality is.
Probably a bet on the self driving aspect of Tesla. Whoever cracks that technology first is going dominate what driving in the future looks like.
Particularly as they aren't using a lidar based system, and their competitors are.
My SUV will drive itself so long as you keep touching the steering wheel every 30 seconds to remind it you're still there. It's useless. It depends on monitoring your position on the road using cameras so it's looking for a clear white line on the offside and a centre line on the right. It's common not to have a left hand side line at all and any time there's a missing centerline the car drifts you across to the other side where it then uses its radar to detect the car it has now put you in the way of. The last thing you hear before you die is the truly excellent warning systems telling you it's all gone tits up.
Steering wheels. They're worth using.
Classic. Driving through rural Victoria a couple of years ago and I discovered the commodore rental had steering assist when I tried to overtake a cyclist on a long sweeping bend and all of a sudden the car veered violently towards the cyclist as I hit the centre line. I had to fight the fucker to veer back away.
Also bear in mind the car has no idea what to do when a road widens and splits into lanes. Traffic lights? Fagedaboudit. If there is a car already stopped and waiting, congratulations, you get to live for a few more minutes as the car politely pulls up and stops behind it. But if youβre first to the red light, youβre going to be hurtling through accelerating up to whatever speed the cruise control is set to. Roundabouts Iβm not sure about, Iβve never had the balls to try and find out.
Things I do like is the active cruise control, the headlights, heads up display, blind spot assistance and brakes. They make the car demonstrably safer. And the car wash camera option which stops you kerbing your wheels on the rails in an automated car wash get used every week. But Iβve never used the self parking because Iβd have to hand in my man card.