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True, but the principle is similar. Most investors are interested in short term returns, not the long game. One might ask the same about many of the same high tech ventures, SpaceX for example, where the costs are even greater, and the possibility of a return on investment even further away (but if it comes good, the potential return is very good). Compared with that though, Tesla looks almost blue chip!
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SpaceX is a private company and does not publish it's finances. However, based on leaks, they have a little under half the value of Tesla. They made profits in 2013 and 2014, and a loss of 260M in 2015 (They were grounded for a crash). Forecasts were for $55M profit in 2016, but no data is available. SpaceX may have huge potential, but they have a decent revenue stream and potential for profitability in the short term. Tesla will lose a Billion dollars this year.
"Based on leaks" isn't really a good basis for comparison. Tesla is manufacturing and selling cars, and while it may be a while to recoup the start up investment, the have the 'potential ' to do so. EV sales, while still a small part of overall car sales, is set to grow. Tesla are going for the high end of the market, others like Nissan are going for higher volume lower value models. There is room for both.
The electric truck is an interesting development as cities look to restrict the movement of diesel vehicles in city centres. The new EV London taxi cab (a hybrid) is an example of a response to those moves.
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nope the atom a4 and a8 are the quickest. power to weight ratio, the atom wins. also this should say. the quickest production car. the funny cars beat this up and down the road.
All the specs of each Atom put it at around 20% slower than this new roadster. And it's not really about power to weight if the end result is inferior.
Elon states the speed is in excess of 250mph and the current speed record is 277.87 by the Koenigsegg Agera RS so there is not much further it has to go.
So I put a lot of faith in what he says, I bet he wouldn't make bs claims just for funsies.
I have no idea what an atom a4 or a8 is...do you have some ketchup sauce?
Elon tries to invent and realize many interesting project at the same time. Maybe he could do it well...
Jam some Speakers... VOOM VOOM!!!
Does it matter, any more, though?
The speed limit here is still 70mph, so when we're all forced to ditch our decent fun-to-drive ICE cars for hyped up electric golf carts it won't make a blind bit of difference... and by the time we can afford them, all cars will probably be autonymous anyway and programmed to keep below certain speeds - So owning a car than can go fast just because won't even be an option even if you wanted to break the limit!
In July, Tesla claimed they would be ramping up production to make 20,000 Model 3s in December.
Actual production in December: 793.
Will they survive 2018?
Wouldn't doubt there will be some good vehicles in the future that are powered by used oils, water, etc. My uncle is one of the people who wouldn't like the EV's and always prefer diesel. I was helping him installing the new suspension lift kit, backrack headache racks and some led light bars on his Cummins diesel truck when his son arrived with his new Model 3. That's surely a fun vehicle but my uncle's not a fan.
In as much as i like the car and truck, nobody seems to be factoring in how much pollution is used at source per electricity generated. How environmentally cost effective are the batteries going to be in the dim future. How are the used batteries going to be recycled and finally which part of the world are they going to dump all the non recyclable bits. These are some of the questions i really want answered. Any boffins out there, your expertise will be greatly appreciated.
Deo Adjuvante non Timendum
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