It’s amazing how well connected the much-reviled Larry Ellison is! Even though his company is never seen as cutting edge or innovative and he’s not seen as visionary, he’s always pals with the right people to get invested in the right deals.
Mostly true, but he did pass on buying the Golden State Warriors (Lacob/Guber bought for 450M and it is worth 3B now projected…)
Money attracts money. If you had 1B under your name you too will be invited to all the exclusive deals.
In Larry’s case, I believe there’s more than just money attracts money. He’s not the only monied guy around in SV but he sure seems to be always close to the tech messiah of the day (first Jobs now Musk)
Believe he was also connected to Elizabeth Holmes/Theranos…
Re-Posting Manch statement
=> If you have 1B under your name you too will be invited to all the exclusive deals
Sometimes you need more than a billion. He’s also the CEO and founder of a hundred billion dollar company… (@manch crying again for not having even $20 million)…
If you rely on Anton Wahlman for your TSLA investing thesis, you are fkcd
TSLA’s current quarter focus is USA with their tax credit expiry set for Dec 31, 2018. They are behind the schedule and Musk already assured TSLA will compensate the difference in credit in price wherever they miss the delivery !
Hoping one more rocking quarter to see ! Rest, let us wait and see.
This is what every one is doing, creating a company with concept aiming to catch up with Tesla.
Remember they are all trying to compete with Tesla.
This itself shows Tesla is still at winner of the race !
Practically only three were able to sell the CARs, Nissan, Bolt and Tesla. Of which, Bolt and Tesla are successful, but others are way behind the Technology & Cost !
Hey you know him?
AT YEAR’S END it seems appropriate to give thanks for the wonders of the automotive world. I personally am grateful for the advances in canned spray-paint technology, which has allowed me to keep my 2008 white Honda Odyssey minivan long after I would have otherwise traded it in. Seriously, rattle-can paint is so good now I can cover about a square yard of exposed sheet metal and you can’t even see a seam. Although I did get overspray on the dog.
So I’m waiting. Waiting to choose one of the scores of electric vehicle models that I know are coming down the pipeline in the next 18 to 36 months—the exact timing of my purchase depends on whether it’s possible to paint the whole van with rattle-cans. In any event, I’m waiting, because internal-combustion (IC) just doesn’t work for me anymore. In the car market I am a human headwind.
This is above all a pocketbook issue for me. A gas-powered vehicle would be too expensive. I plan to keep my next vehicle 10 years, at least. Over that time the cost of ownership for an EV, including fuel (on the order of a penny a mile for the electricity), repairs and maintenance would be considerably lower than comparable costs of an IC car.
My other big worry: resale value. In case you haven’t been following the news from the Paris climate talks, most nations of the world have put the IC vehicle under a death sentence. Post-Paris, the International Energy Agency (IEA) estimates that there will be between 125 and 220 million EVs on the road by 2030.
We are living through the S-curve of EV adoption. The total number of EVs on global roads surpassed 3 million in 2018, a 50% increase over 2016, according to the IEA. In November Tesla Model 3 was the best-selling small/midsize luxury sedan in the U.S; and Model S sales (26,700, year to date) outsold Mercedes-Benz S Class, BMW 6- and 7-Series, and Audi A8 combined, according to industry-tracker goodcarbadcar.net.
During the reasonable service life of any vehicle I buy today, I expect the demand for IC-powered vehicles will drop to practically zero, equivalent to the current market penetration of flip phones. No one will want them and there will be nowhere to get them fixed; by that time widespread fleet electrification will have cratered traditional dealerships that depend on service dollars to survive.
‘The steady improvement in lithium-ion battery energy will render the latest plug-in hybrids comically superfluous.’I’m not missing anything staying out of the car market. The twilight of the IC engine is pretty awful, actually. All the technical gymnastics to reduce consumption and emissions from IC engines—stop-start, cylinder deactivation, CVT transmissions, high-strung turbos hooked up to small displacement motors—it all feels junky and compromising.
The greatest offenders are also the most complex, like Volvo’s T8 plug-in hybrid powertrain, with electric motors, CVT, batteries, power inverter and a supercharged/turbocharged 2.0-liter engine thrashing away at one another, all so it can eke out a few miles of EV range. The steady improvement in lithium-ion batteries’ energy and power-density over cost will render the latest plug-in hybrids comically superfluous in a matter of years.
Internal combustion isn’t going to get any better. Last year the chief financial officer for Continental, the Tier 1 global automotive supplier, lit up the chat rooms with his prediction that IC development at the German carmakers will effectively end by 2023.
Meanwhile, EVs just keep evolving. The Tesla Model 3 is amaze-balls, crazy good. But I’ve got hauling and choring to do, so I’m going to wait and kick the tires on the Rivian R1T pickup, due in about two years. Rivian, with offices in California and Michigan, last year acquired the former Mitsubishi plant in Normal, Ill., to build what it calls “electric adventure vehicles.” Its makers claim the R1T will have 400-plus miles of range. Its four electric motors inboard of the four wheels will together produce 750 hp and 14,000 Newton-meters of torque at the wheel.
Here a yoking of unlikely attributes: The R1T will accelerate to 60 mph in 3 seconds and have a wading depth of 3 feet. In it you could jump over the woods and through the river to grandmother’s house.
Don’t agree? Fine, fine. You go ahead and finance that $70,000 pickup with V8 power for 60 months. It’ll be a two-ton albatross around your financial neck before it’s over. Gasoline could be free and you would still hate it. Better cars are just around the corner.
Me and my rattle-cans will hold off awhile.
This guy failed high school math. Forget about cost of ownership. How about upfront cost of actually buying the 50k model 3 compared to a Prius?
If true, this can change the value of Tesla’s brand. Bad sign.
I couldn’t disagree more. Tesla is the first company to really apply the power of software to a car.
It is going to take automakers much longer than people think to catch up to Tesla’s software advantage. Building a software org is very hard. Just ask Nokia, etc.
Well, it may take awhile, but I believe a standardized electric CONVERSION market will be huge down the road. Say you love that oh 1974 Buick but hate the gas mileage and can’t find an old school mechanic. Ok, Company XYZ will replace your IC engine with a battery engine that will work with your car. You don’t have to miss a thing or that fuzzy dice…
Rich people whoever has Tesla is going for another premium car.
It is the difference between 400000 and 20000. Does not change anything with TESLA !