Tesla had an incredible earnings report. It is currently getting two new orders for every car it can make due to the recent price cut and forecasts all its factories will be at full capacity in this a "recessionary" year. It is planning on rolling out a new electric car that should retail at just over half the Model 3 price. And it has broken ground on a new battery plant that will double its capacity.
Tesla has one of the most efficient production processes in the industry. It will be more difficult for competitors to emulate Tesla efficient production process where most of the costs are incurred than for Tesla to innovate improvements in its battery.
Are EVs the next environment disaster?
Meanwhile, I am very concerned about the expansion of EVs and the negative impact that will have on the environment. Whether the electricity comes from coal, natural gas, solar, or wind, the result is hard on the environment... the byproduct of all those technologies is waste.... CO2, batteries/solar panels, wind turbine blades, and spent nuclear rods. Of those "waste" by products, the only one we know how to efficiently recycle is CO2 (we may not be doing it today, but at least we know how to).
To be clear, I love EVs, my wife and I both drive them, and we have 32 solar panels that power our house and cars. Our government should be investing in pure research on how to recycle the waste from producing electricity. Instead of trying to accelerate the transition from one from of power to another. The markets will do that when it makes sense, but the markets don't invest in recycling waste until it is profitable.
The Grid
Another looming problem is over dependence on the grid. Imagine people living in the north, their cars, homes, businesses, etc. are all running on the grid and winter storm or terrorist groups take down the grid for several days. How many people will die because they don't have gas stoves, natural gas heaters, gas powered vehicles, etc?
Having diversified energy sources is important for the country, but equally important for every individual. Nothing coming out of Washington has addressed this problem and it is scary to think how many people will die as a result of today's Green Energy Policies, if they succeed.
It makes you wonder, who is in charge of our nation's energy strategy and what qualifications do they have? Every intelligent business or technology person knows, that if your process or system has a "single point of failure" vulnerability, your business or technology is at serious risk. Biden's energy policies seem focused at turning "the grid" into that single point of failure. Every American should be alarmed.
The answer is not moving away from carbon fuels, but rather recycling CO2 and manufacturing carbon fuel. It remains one of the only energy sources not vulnerable to a "single point of failure", which is why Mother Nature uses it to power her planet.
