Speculation is that a combination of battery farms to receive surplus renewable generation and battery installs inside people’s homes, plus domestic supply. But without them telling us it’s hard to say at this point
Ed- Additionally In the comments of that article it’s mentioned that the Park Royal store site is connected to the London Underground electric supply via the Piccadilly Line. They installed a set of extreme rapid chargers last summer so that’s where they get the juice from. It might be a plan to sell electricity to London Underground, or manage a price system of some kind, and so require a licence.
Short version is I’m thinking of increasing my position. Currently I have indirect exposure via an Investment Trust but I am playing with doing a direct investment. Even at the current valuations (been unbelievable expensive and the target price is negative) there is a shame and resilience factor to Tesla that I really like.
Along with today’s news the price has increased by 7.2% since open.
I’m up over 400% … bought such a small amount though. Thought after it rocketed in would come down. It did after corona then had no money to put in and now look!
I think if you read up on it it’s actually fairly ok to understand. A lot of analysts don’t even understand there are other parts of the business not just a car company. Solar cells for commercial & residential. Battery storage for wind farm and solar generators. If you look at the amount of UK large scale wind farms that could retrofit a large battery system on site to smooth out supply it’s considerable. Robotaxi aswell 90% there already. Because there cars return data to Tesla they can also accurately predict insurance costs hence they are selling car insurance. They also have a new HVAC system that consumes less energy than conventional HVAC and can be used to heat water. So many different products coming.
Now if the stock would kindly drop to around $10 a share, so I can invest some more with my meagre monetary amounts. And then feel free to rocket back to current levels, that would be appreciated. (Be a long time to get to a full share at £10 a time at current levels. 0.01 of a share at a time!!)
I would wait till it drops a wee bit then flattens out. There is plenty more to run in this everyone is still early. 220 billion market cap that could be over a trillion in 4-5 years. They have 700,000 pre orders for cybertruck already!
