Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think the projected change to EVs is a bit conservative. There is already parity for lifetime costs of EV and ICE vehicles and that is swinging in EV's favour all the time. Tesla is using Lithium Iron Phosphate batteries for their shorter range Model 3 in China and probably for their battery storage applications where volume isn't a constraint. This will free up some nickel supply required for their longer range models and Semi. Recycling will also become more important as the fleet of EVs gets larger. Redwood Materials is a start up for this niche - founded by JB Straubel (Co-founder and CTO of Tesla). No link has been announced between the two companies but it would make sense. Tesla's Battery Day in less than a month will be very interesting.
Sorry, not trying to have a go but have to correct that misunderstanding. That launch was a test flight of the Falcon Heavy rocket. They needed a dummy payload to test the rocket properly. OK, it was a bit of showmanship to use his Tesla in the test instead of a block of concrete but you have to admit it got some attention.
Congratulations on going electric and I'm sure the EQC is a very good car.
I agree Musk has said some unacceptable things in the past which no one can defend. However I do admire Tesla's mission to accelerate the world's transition to sustainable energy and I think they are responsible for other car makers pushing their development too.
I think it is slightly unfair to accuse them of growing too slowly. Mercedes has had a bit of a head start (77 years) but Tesla is growing at 50% a year and will be making 20M cars by 2030. Their Shanghai factory went from breaking ground to producing cars in an astonishingly quick time - Berlin and Austin going ahead equally quickly. They are on target to hit 500,000 cars this year despite C-19.
Tesla's Cybertruck is far from boring - amazing value for what it offers but is not everyones cup of tea and not suited to European roads. Tesla truck and Roadster also in the pipeline.
Personally I find the legacy makers SUVs quite boring too but agree the front of the model 3 and Y could be better.
Full self driving technology is years ahead of the competition and the gap is widening, their batteries are better, they have faster charging and better range and are more efficient........
I know which company I would rather invest in now.
Tesla's operating margins are better than any other automaker and getting better with each iteration of their gigafactories and model of car. Their Full Self Driving package alone is worth a much as most car makers profit on luxury cars and uptake is growing from about 25% at the moment. They have posted profits in the last 4 qtrs and qualify for S&P500 inclusion. They will announce more battery advancement next month and are on track for 50% compound annual growth rate which is their long term aim. Their energy storage and solar roof divisions also offer huge potential. I recommend doing some research into this disruptive company.
Very true TDT. I've just a basic 4kW system which produces enough power to travel 12,700 miles/year in a Tesla Model 3. It probably wouldn't produce enough through the darkest winter months but would be more than enough for 9 months of the year.
Hi Sageman. I agree that massive potential does not guarantee any returns. I've been in a few companies which have been taken over for a song which is annoying. How are the shareholders to know the true value of the company without all the information? Hopefully the PFS will be updated soon, increasing the size of the cake so that even a small slice will be worthwhile!
Many thanks Sasa - I was convinced I'd done something stupid to get those sort of numbers so pleased to get them confirmed by the voice of reason on here. My 10th anniversary for these a couple of days ago so now would definitely be a good time!
Don't bother with the abuse - I was always rubbish at maths and can't believe these numbers myself - must have made a mistake somewhere. Anyone like to have a proper go?
At 1.58M tons equiv and $8/lb = $28.313B in ground, 5% = $1.416B ÷ 730,000,000 = $1.94 / £1.59
At 1.58M tons equiv and $12/lb = $42.47B in ground, 5% = $2.12B ÷ 730,000,000 = $2.90 / £2.40
At 2M tons equiv and $8/lb = $35.84B in ground, 5% = $1.79B ÷730,000,000 shares = $2.45 / £2.00
At 2M tons equiv and $12/lb = $53.76B in ground, 5% = $2.688B ÷ 730,000,000 shares = $3.68 / £3.00
Hi Steve, Yep - the new ii site has a multitude of filtering, tagging, notification, statistical analysis, badge awarding, email sending options but the new format over complicates everything. I just want to see a concise list of posts which are easy to read. This'll do nicely.