That's why I like companies with blank check accounts like Lucid. They also have a way better manufacturing setup than Tesla ever thought of starting with.
2021 Stock Market
- Thread starter Mtowncyclone13
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I have a small amount of LIT - it's a lithium/battery tech ETF, so another way to play the EV game. Unfortunately bought at the top a while back but I believe in it long term.
Doesn't 'blank check' in this context mean indefinite shareholder dilution?
Actual assembly just started in Casa Grande. All the prototypes and test vehicles were made in a California microfactory. I'm hearing they don't have the facilities to meet the demand currently.
Seems a bit premature then to say their process is leaps and bounds better than Tesla.
Probably. Ask the people who bought it at $60 last month.lol. I still think 20$ is a decent entry point.
All I'm saying is that they have better manufacturing infrastructure than Tesla had when they were beginning. And they have the Tesla blueprint to work from.
FWIW they did put 700 million into the Casa Grande facility. It's possible they are trying to get too big too fast.
Here's the real issue with that thesis. The EV technology is actually the easy part of the equation. Designing and assembling automobiles competitively with the likes of Toyota, Honda, GM, Ford, etc. is what they're up against....all of which can produce EVs at a rate that can flood the market and still make up a very small percentage of total vehicle production. The majors also can do so at a loss, being able to write it all off (figuratively) as R&D and image advertising. That is a tremendous barrier to entry for any company, especially a small undercapitalized one.
There is a romantic notion that comes with investing in car companies. It's glamorous. But it's a terrible place to put your money. There's a reason why most of the brands of the major automakers are former defunct companies. It's where capital goes to die.
Reminds me of something Richard Branson said once...
"How do you become a millionaire as a billionaire? Invest in airlines."
The towing capacity and performance of electric vehicles is insane.
Electric motors are torquey as ****.
Hence why they're used on railroad engines and other heavy equipment.
Sounds like your typical delay on that airline.
Completely. I'm just trying to think through some of my potential concerns of driving an EV truck. Being stuck in the middle of nowhere without the ability to "fuel up" is one of them. You could carry a bunch of solar panels but the number of panels you'd have to carry I assume would be substantial.
Being completely fair, according to US Energy Information Association, only 12% of the energy consumed in the US is from renewable resources in 2020. So even though you're running your EV off of electricity, much of that electricity is being generated from other sources.
And no "power band" to worry about. You get that torque instantly and throughout the RPM range.
Not to mention extra utility. The new F-150 hybrid is a 7500 watt generator on wheels.
