Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[smorgasbord]

Unfortunately, Gov Abbott put the blame squarely on solar and wind.

It's not untrue, actually, it's just not the whole story. Like they decided to save money on the windmills by not outfitting them to be able to run in the cold.

BTW, I think El Paso is connected to the national grid, so it's still got power.

 

[Prunesquallor]

ok, who has Elon on Twitter? It’s probably a good time to push for Tesla MegaPacks in Texas. 100 MW/400 MWh in 100 days or it’s free? Looks like a lot of people in Texas would love to have a more stable electrical system.

You ain’t kidding. There is a complete support system collapse in progress:
1) Power supplied to <50% of customers
2) Cable-based internet access severely curtailed (probably due to 1))
3) Cell coverage severely curtailed (probably due to 1))
4) water supply issues including pressure and purity (some communities requested to boil their water - without power)

If someone came along offering PowerWalls and StarLink right about now, the lines would be longer than at McDonalds.

 

[smorgasbord]

I've seen all of Gali's videos on why he thinks Buffett should buy TSLA, and honestly he makes some seriously good points. Hedging bets with new tech against his main holdings "just in case" certainly wouldn't be a bad move for BH, especially given Tesla's place as the market leader and it's new status as profitable and in the S&P.

I think Buffett is too old school to invest in Tesla, just my gut feeling, but Gali has presented a great case for him doing so if it happens.

Yeah, BRK buying any TSLA shares ain't gonna happen while Buffett is still on BRK's BoD.

 

[TheTalkingMule]

Is the fossil fuel industry, as its been constructed (e.g. Chevron), going to always be only about fossil fuels? or just what we call the "Energy" industry?

At what point will it be economical, from a business perspective, to make the switch over to renewables to still be the "Energy" industry?

If the whole world ran on apple pies and the supply of free apples suddenly became infinite, the 4 entities who once owned all the apple orchards in the world could transition to selling apple peelers at any time they like, but their relationship to the marketplace will be immediately indistinguishable from their heyday.

More here......Shorting Oil, Hedging Tesla

Edit: From an investment perspective, the BH investment in CVX should quickly provide a relatively near term(and final) peak to fossil industry valuations. We're gonna want to jump on this and identify the moment just before momentum wanes. 4th of July perhaps? Or maybe it takes 4-6 more quarters til fossil dividends can no longer be supported? See thread above.

 

[MikeQ]

Oh, you must had not heard that poor battery performance due to the cold is contributing to the whole power shortage

View attachment 637447

That was one of many tweets addressing the problem. He basically said, nuclear didn't work because safety sensors froze. Gas didn't work because there wasn't enough gas supply since wind was expected to produce a portion of overall energy.

He kinda summed it up that it was ultimately poor infrastructure.

"Also, Texas infrastructure isn’t designed for once-in-a-century freezes."

 

[FireMedic]

Next level video from Gali.

spoiler; they do a fun demonstration of downloading and installing power boost in under 20 minutes at the dragstrip without Wi-Fi...stay for the cherry on top; Huracan gets punked off the line

 

[TheTalkingMule]

Speaking of investing in SpaceX......can TSLA simply take the $850M they made on BTC and dump it into SpaceX equity? I would be in favor of this.

 

[Singuy]

Speaking of investing in SpaceX......can TSLA simply take the $850M they made on BTC and dump it into SpaceX equity? I would be in favor of this.

I rather them take the money and double the amount of charging stations/service stations. SpaceX has more than 6 billion dollars worth of cash being thrown at them and only accepted 850m just for the memes at 420/share.

 

[EVortex]

Oracle: “What do men with power want? More power.”

 

[Ocelot]

Wow Bill Gates and Warren Buffet.

The Dream Team

Why don't they both go club some baby seals while they are busy trying to hold back and destroy the planet.

I actually do feel from your posts you might enjoy this . Overall a great documentary.
My Ancestors Were Rogues and Murderers

 

[jhm]

WS: Tesla needs to do a capital raise?
Elon: Hey, no, we're good.
WS: C'mon, Elon. Here's $5B. Take it.
Elon: Oh, okay.
WS: What?! You bought $1.5B in bitcoin?
Elon: Sure.
WS: So you wanna do another capital raise?

 

[Artful Dodger]

Chevron is not even meme-able. So much disappoint.

Buffett's investment style means he will plow into TSLA come 2030.

When he's a hundred? That's not what they being plowing 10 yrs from now...

RIP Fossil Fools. Amen.

 

[Prunesquallor]

Hang in there, brother.
Just when you thought it couldn’t get worse, our water pressure is dropping. Lucky we filled up the tub.

On topic, there’s some FUD-busting going on on the local news channels. They’re calling BS on the “frozen wind turbine” rumoir. It’s starting to look like a failure in NG delivery to the peaker plants is the main culprit for this utter fiasco.

Finally found a source. From Texas Tribune:

No, frozen wind turbines aren't the main culprit for Texas' power outages

No, frozen wind turbines aren't the main culprit for Texas' power outages

 

[Artful Dodger]

Speaking of investing in SpaceX......can TSLA simply take the $850M they made on BTC and dump it into SpaceX equity? I would be in favor of this.

What makes you think SpaceX doesn't already hold BTC? They aren't a publicly traded company, so no reporting requirements like TSLA.

 

[ByeByeJohnny]

What makes you think SpaceX doesn't already hold BTC? They aren't a publicly traded company, so no reporting requirements like TSLA.

Supposedly just a few days ago they raised another $850M at $74B valuation.

Seems an unlikely spot to make any significant short term gamble with their cash. They need a lot of cash for investments in Starlink and rockets.

 

[HG Wells]

In case you haven't noticed we are down 10 in pre market.
Yesterday down 20. sO 30 OFF.

IS IT THE PRESIDENTS DAY SALE ?

 

[Nocturnal]

TSLA may be down but Telsa earned another 75 million dollars overnight as BTC is up 5% to a record high.

 

[joh01652]

Unfortunately, Gov Abbott put the blame squarely on solar and wind. He's up for reelection in Nov 2022 and his response to this historic meltdown will define his administration and campaign.

Not promising at all. The fossil fuel industry here will make sure he wins.

If renewables are the problem, how does Abbott explain SpaceX's Boca Chica site continuing their operations? Boca Chica is loaded with solar and battery storage and they're getting along despite widespread power outages in their area?

SpaceX Starship factory battles Texas power outages with Tesla solar and storage
"At the southernmost fringes of Texas, SpaceX’s Boca Chica Starship factory hasn’t been insulated from the chaos, though a large Tesla Solar and Energy installation has almost certainly lessened the blow. Highly cognizant of Boca Chica’s shortcomings for industrial-grade power needs, SpaceX installed that solar array and Tesla-made Powerpacks almost three years ago and substantially expanded it in 2020.

As a result, despite major issues posed by freezing weather and power grid instability, SpaceX has managed to keep the lights on and continue work at its Starship factory, while also slowly but surely preparing Starship serial number 10 (SN10) for its first static fire and high-altitude launch."

 

[Subhuman]

That was one of many tweets addressing the problem. He basically said, nuclear didn't work because safety sensors froze. Gas didn't work because there wasn't enough gas supply since wind was expected to produce a portion of overall energy.

He kinda summed it up that it was ultimately poor infrastructure.

"Also, Texas infrastructure isn’t designed for once-in-a-century freezes."

Yeah, I read the entire thread. My point is that he is making a bad faith argument about renewable energy. This is how he summed up the thread:

Even though nuclear and natural gas had issues, it is somehow all renewables fault. The real culprit here it that they disconnected from the national grid so they could avoid regulations.

 

[Artful Dodger]

Winter at Giga Texas:

Coupla things:

• Nat. gas sure, but how did coal 'freeze'? It's already solid
• whole lotta coverup going on way down in Texas
  
• "ERCOT" isn't

P.S. It's -7.2° F here right now, and my refrigerator is running. What are you doing about that, Bill Gates? (besides nothing). Elon however is working to bring home energy products to market. How 'bout Bill you just do the easy stuff, huh?