gene
Supporting Member
My etrade doing the same, it says I have $16 million dollars worth of TSLA.Vanguard is giving me a sneak peak to 2025. When my 5x shares are worth 2200 a piece.
Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Yep, I had to change my password so my aggregation service won't pickup the inflated numbers, as that would destroy the tracking over time. (Since I have no idea when they will get it resolved.)
Has anyone seen this older episode from Now You Know from May, 2020 about Battery Day? Their thesis is that with the million mile battery, Tesla can use cars as powerwalls (one car = 5-7 powerwalls) when they are not being used. Tesla could pay the car owner for the use of their battery or subsidize the cost of the battery for the right to use it for storage when it isn't being used. You could specify how much energy you needed for travel and Tesla could use the rest for storage, in decentralized grids. Tesla becomes a utility, for example filling in peak power needs at a much cost. Having millions of 70-100Kw mobile battery storage units (the million mile lifetime means an owner doesn't need to worry about the battery being worn down) without having to produce extra batteries solely for the grid. If you didn't want to use your new Tesla as an autonomous taxi, it could become part of the grid for the 95% of the time you are not using your car. If the value of this comes off the purchase price, then, unless another car maker can do the same thing, the game would seem to be over.
Any thoughts?
Only thought is that current Teslas do not allow for vehicle-to-grid aspect. Like, the boards on the chargers literally can only go one direction (power in, no power out). So if Tesla makes this change to the chargers (to allow V2G) we would have known by now. (Sandy Munro, etc. do teardowns)
Not saying it won't happen, but it will not be an OTA update and suddenly Tesla is a utility. It'll be a new hardware feature to come.
The cars can't output AC, but they could output DC. Which would require a new EVSE that had an inverter in it. Of course, you would likely need a Gateway device anyhow, so they could enable V2H/V2G with a new EVSE/Gateway install at the home. (Of course it wouldn't be cheap.)
willow_hiller
Active Member
Just a minor correction, the AC to DC rectifier in the current fleet is not capable of bidirectional flow. But the DC to DC circuits used for Supercharging are capable of bidirectional flow. This wouldn't allow a vehicle from the current fleet to operate as a Powerwall by itself, but if Tesla were to design a DC charger (a relatively slow home Supercharger) with a built-in inverter, the current fleet could be used for V2G.
And the external inverter is actually how all current V2G pilots work. The only issue is that these external inverters are relatively expensive (~$4,000). For e.g. Wallbox Quasar bidirectional home DC charger will turn EVs into a huge Tesla Powerwall - Electrek
Vehicle to Grid ( V2G ) has been widely speculated to be a long term plan along with teslas AutoBidder software Autobidder
Prunesquallor
His cardinal virtue? An undamaged brain.
You should say "maybe those rules aren’t optimal for you." It's a subjective risk/reward balance.
Dave's video @Artful Dodger linked to is one of his few I disagree with. He is basically saying that Tesla is infallible and you're crazy if you don’t invest 100% of your finances in them. I can think of a half-dozen (hopefully low-probability) black swans that would stop TSLA growth in its tracks. Do I want to bet 100% of my family's finances in TSLA? I do not. You may. That's fine. As I say, it’s subjective.
Dave also clearly does not understand the ARK TSLA assessment that he criticizes. The $7000 expected value is a statistical construct made up of many scenarios of various probabilities. Some of these scenarios assume a real probability of low growth. Dave seems to think that ARK is convinced of that valuation (100% certain) by the end of 2024, so diversification is a disingenuous tactic to make money from portfolio management fees. ARK's assessment actually gives that valuation a probability of less than 75%.
ARK gives some options for those of us who are uncomfortable with near-100% investment in TSLA. Their returns seems to be impressive, and the quality of their analysts is orders of magnitude higher than run-of-the-mill Wall St types.
engle
In 1976 Looking ahead to 2030!
I'm sticking to my Fidelity Active Trader "Pro" Experience where it shows that I have eight figures worth of $TSLA, instead of Fidelity's mediocre Firefox Experience or my puny little Schwab Account.
My wife has been telling me for a couple of years (ever since she saw a notification email that I'd paid $258/share to buy more on 4/2/2018) "we have enough Tesla stock". "Stop buying more in case something bad happens to the company, etc." When we have an argument, she threatens "I'm going to buy a Mercedes!" just to piss me off.
She doesn't pay any attention to our STONK accounts. I'm thinking of saying, "Dear, I have a confession to make... I bought A LOT more Tesla stock after you told me not to" and then show her the giga-figures in one of our Roths to get her reaction haha. (Her idea of "investing" is buying CDs. She sold $100K "Jumbo" CD's at American Savings Bank while getting her MSCS at SFSU back in the day...)
Artful Dodger
"Ducimus, lit"
He is not. But you could invest just 10% of your portfolio directly in TSLA to match the YTD performance of ARKW.
That's what happens when you sell off your winners.
Thanks for all the quick and informed replies on the Battery Day video thesis. We are in the process of having three powerwalls installed (in the permitting process right now). With our power usage we qualify for 3 powerwalls and the associated Federal tax credits and state (CA) rebates, reducing the cost by around 55%. We should save significantly from reducing our peak power usage to about zero by storage solar energy and cheap night time energy in the powerwalls and using that energy for our peak power needs. In addition we have been and will continue to charge our MS at the night rates. In northern California the peak power rate is four times the night time rate, so it is a big savings. We've had our solar system for 11+ years (from Solar City before we ever heard of Elon or Tesla) and it paid for itself after six years. I figure we should pay for our powerwalls in a similar period of time, maybe a bit sooner, given the direction of electricity rates.
In addition, a very important use of the Powerwalls is as a backup in the event of a power failure or shut down (more frequent in our area because of the threat of wild fires and higher temperatures from global warming. We project that our powerwalls will provide about 2-3 days of power plus additional days from charging up from our solar panels when they are producing more than we need. If this V2G comes to pass, then for maybe $4K for the convertor you could have a backup - much cheaper than a set of powerwalls and much more storage capacity (1 PW =13.5 kwh). With a million mile battery and no issue with charging and discharging cycles, you would also be able to arbitrage cheap nighttime energy into the car and expensive peak daytime energy out of the car.
In addition, a very important use of the Powerwalls is as a backup in the event of a power failure or shut down (more frequent in our area because of the threat of wild fires and higher temperatures from global warming. We project that our powerwalls will provide about 2-3 days of power plus additional days from charging up from our solar panels when they are producing more than we need. If this V2G comes to pass, then for maybe $4K for the convertor you could have a backup - much cheaper than a set of powerwalls and much more storage capacity (1 PW =13.5 kwh). With a million mile battery and no issue with charging and discharging cycles, you would also be able to arbitrage cheap nighttime energy into the car and expensive peak daytime energy out of the car.
I guess if one were single, they could make use of this temporary accounting by trying to pick up someone at a bar this weekend. "Oh what's this, I accidentally opened up my etrade app?"
With the caveat that if you have to go to work, or anywhere else, when the power is out your house loses all power.
Artful Dodger
"Ducimus, lit"
I'd like to point out that today is the 23rd Anniversary of the day we won the war with the machines, and Skynet was defeated...
Yup. No Skynet, no AI neural nets, and no backsies.
Cheers!
Yup. No Skynet, no AI neural nets, and no backsies.
Cheers!
I'd like to point out that today is the 23rd Anniversary of the day we won the war with the machines, and Skynet was defeated...
Yup. No Skynet, no AI neural nets, and no backsies.
Cheers!
"No Skynet" is not accurate
“Skynet”, China’s massive video surveillance network
yes they really name it skynet, and because of the movie no less
Knightshade
Well-Known Member
Yup- V2G could be useful- in the sense of large #s of cars where at least some % in any given area are parked/plugged into the grid at any given time- for buffering high demand and various other purposes like helping with time shifting in some cases...
But it's not a true powerwall replacement unless you plan to leave it parked at home 24/7/365.
In which case it's a very expensive powerwall replacement.
wipster
Gold Member
Closing remark:
“That is the 6 things I don’t like about my Tesla Model S 100d long range, there are also 2837 things I LOVE.”
LoL and reason #1 is that his car is dirty
ggr
Expert in Dunning-Kruger Effect!
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