Hi Scotty,
I just noticed that Tesla's market capitalisation is $568 billion vs Toyota's market cap of 'just' $234 billion! Which means that according to Mr Market, the Tesla business is worth 2.4 Toyotas!!
This is despite the fact that Toyota earns about 35 times as much money as Tesla.
What are your comments on this?
The assumption is that Tesla is the new Google/Apple/Amazon all rolled into one.
Toyota: reliable vehicles for an affordable price.
Tesla: overpriced piles of junk
Wall Street has a "herd mentality", and Tesla is a perfect example of this. Scotty did comment on Tesla in one of the last couple days' videos, talking about how Musk has asked his employees to pinch pennies to make them a viable company - yeah, coming from the world's second richest man. On the other hand, before Tesla, everybody thought electric cars were low-performance, crude vehicles owned by eccentric nerds - he changed that.
IMO, Tesla is the poster boy for the electric car future that the billionaires are pushing as part of their agenda onto the world. The emperor has no cloths unless the billionaires and their controlled main stream media say he does. They are propping him up and it's like a house of cards.
As far as today's electric cars go, the cruising distance is not long enough and when it's time to stop, you need to recharge for how many hours!? With current tech, we just roll into a gas station and 5-10 later we're good for hundreds of miles more. The tech for electric cars existed over a hundred years ago, but the rulers at the time put it on hold in favor of so-called fossil fuels. Also, think where the power is coming from when someone plugs in. In some cases, it's still power that pollutes. If it were all wind or solar it would be different. And as it stands, if everyone were to switch to an electric car today, the power companies would not be able to accommodate the power needs. It would take quite some time for them to ramp/build up their infra-structure to meet the demands, which would be a tremendous leap from today's capability.
As for electric motors, yeah they can have tremendous power and torque, much greater than we need. But the down time to recharge is the big deal breaker. There have been reports in the news about electric drivers pulling up to peoples homes with a power cord and stealing electricity to recharge.
