In reading Tesla’s 4Q Earnings Release, what struck me immediately is that even though they added a lot of production capacity in 2019, both expanding Fremont considerably and building the entire Shanghai Gigafactory in 2019, they spent a little more than half as much on capital as they did in 2018, when they were ramping Model 3 but not building any major factories.
If you haven’t see the part one of the Elon Musk interview with the Third Row team yet, I highly recommend it. That said, I know it is challenging to find 2 and a quarter hours to dedicate to listen to it, so I summarized the content of the podcast/video for you so that you can easily jump to sections that most interest you!
Overnight, Miao Wei, the Minister of Industry and Information Technology in China, announced at the EV100 forum in Beijing that new energy vehicle (NEV) subsidies will not be cut in July 2020, as many in the industry had feared.
After seeing Elon dance, I suddenly don’t feel so bad about my dance moves, which have been compared to those of Elaine from the “Seinfeld.” The announcer was impressed with Elon’s dance, though.
The Saudi government sold off a small 1.5% share of the largest oil company in the world (Aramco) about a month ago. Aramco has huge reserves and it has proven it can produce that oil at a low cost. This oil doesn’t require risky deep sea platforms, fracking, or traveling to the Arctic circle to drill.
It’s going to take me a little while to explain the headline, but I’ll get there. It has been well documented that China’s 1 child policy (from 1979 to 2015) caused the sex ratio in China to skew heavily male. The preference for Chinese parents was to have sons, since sons in Chinese society have been traditionally responsible for taking care of their parents in old age.
A few days ago I ran across a video from a criminal defense lawyer in Florida that brings up some points I hadn’t heard before. I’d suggest you watch the whole 30 minute video if you have the time. If not, you can read my summary and comments and just use this guide Warren provided to skip to the parts that most interest you.
I thought about titling this article “Tesla Model 2, What The World Needs,” but I thought that would sound too authoritarian, so instead, I’ll focus on my perception of what the world wants out of a less expensive Tesla.
They explained that Mini was started as a reaction to the Suez Canal Crisis in the late 1950s, as a small affordable car that got good gas mileage. Later, they found they were fun to drive and the company enhanced them for racing. I know them for the extreme customization offered.
In this article, I’ll try to summarize some of the challenges Ford faced developing the Mustang Mach-E, a little of the controversy over naming it a “Mustang,” and why I think Ford made the right choices for the most part. But before I get to that, the timing of the unveiling was probably unfortunate.
