The “Tesla Killer” Myth … Is Getting Old
Now that Tesla has ushered in the era of electric vehicles (EVs), legacy automakers are desperately racing to catch up.
Now that Tesla has ushered in the era of electric vehicles (EVs), legacy automakers are desperately racing to catch up.
Multi-family housing poses a unique challenge when it comes to hosting EV charging facilities. It also provides some unique opportunities when it comes to servicing more vehicles in a smaller area as compared to traditional residential or public EV charging stations.
This story is about Tesla’s moats, but I don’t mean to imply that Buffett would invest in Tesla. Tesla is far from the value investments of the Berkshire Hathaway portfolio. Rather, Buffett’s comments are to demonstrate the importance of moats. Morningstar even has a guide called Why Moats Matter. Understanding the moats a business employs is clearly important to understanding the business and its future.
Plug-in vehicle drivers have more options than ever when it comes time to find a plug-in vehicle charging outlet. In the US, charging network operators such as ChargePoint and EVgo have developed robust smartphone apps that make finding a station within the network easy. In other countries, there are often similar networks with their own apps for local drivers.
The transition from internal combustion engine vehicles to plug-in electric vehicles usually prompts an initial reaction that we need to replace gas station pumps one-for-one with public plug-in vehicle charging connectors. The reality of the situation is that, if 80% of plug-in vehicle charging happens at home, that’s just not true. This changes much of what we think we know about refueling our vehicles. It puts the power back into the hands of drivers.
An analyst for Seeking Alpha says cars like the Jaguar I-PACE using NMC prismatic battery cells offer a better user experience while charging and may outperform the Tesla Supercharger network.
It’s been a while since we provided an update on the state of Tesla’s Supercharger network, so it seemed worth giving readers an idea of just how rapidly the company is aiming to grow its network of proprietary electric vehicle superfast-charging stations over the coming months. Of course, this is all the more important and interesting as Tesla Model 3 production ramps up and the total fleet of Tesla vehicles on roads around the world grows at a quicker and quicker pace.
John Feddersen is the director of Aurora Energy Research, an international market intelligence and research agency. He told the Financial Times recently that the power needed to recharge one Tesla Semi in 30 minutes, as touted by Elon Musk at the introduction of the electric Class 8 truck on November 16, would power up to 3,200 typical UK homes for one hour. His calculations are based on hauling a fully loaded cargo trailer for 500 miles — the maximum range of the Tesla Semi according to Musk, a task he says would consume 1600 kilowatt-hours of electricity.
Just before the Tesla Semi unveiling, I ran a poll on what the unveiling would include. There were some wacky questions and potential answers as well as some serious ones. The wacky questions and answer choices made it perhaps my favorite piece of work in November. Yet, after a nearly sleepless night and all of the excitement and fun after the event, I forgot about the poll!
The Tesla Model 3 has been the most closely watched plug-in vehicle launch in history, and with nearly half a million reservations for it from Tesla employees, SpaceX employees, and customers around the world, every eye is on Tesla for updates as Model 3 production continues to ramp up.