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

[dhanson865]

Tesla facing potential $162M fine in Norway over throttled Model S charging speeds

Tesla could be forced to pay $162 million to Tesla owners in Norway following a preliminary judgement against the automaker.

driveteslacanada.ca

I'm sorry, it has nothing to do with BTC or Twitter, but I thought you might want to know about the possible fine.

 

[kbM3]

someone needs to tell them they are called Megachargers not semichargers.

Why do you assume Frito Lay purchased Megachargers?

I would think it more likely they purchased overnight lower power chargers (like Superchargers)?

although maybe Tesla will provide something like a 1 MW Megacharger that could split power to up to 8 trucks or something?

 

[dhanson865]

Why do you assume Frito Lay purchased Megachargers?

I would think it more likely they purchased overnight lower power chargers (like Superchargers)?

although maybe Tesla will provide something like a 1 MW Megacharger that could split power to up to 8 trucks or something?

Why do I assume? I did not assume, every article by every source I've seen says it is so. Even other articles by the same site (with a different author) call it Megachargers, apparently that one guy just didn't know.

if you google "semicharger" it all comes back to the one article source (Yahoo and Bazinga have parroted the misnomer) and then jumps back to really old articles and non tesla results.

If that guy wants to rename Megachargers to semichargers he needs to tell Elon Musk. As far as I can tell Tesla isn't using that term.

MHX Leasing signs deal for 10 Tesla Semi trucks and 2 Megachargers

With $1.9 million in funding, MHX Leasing has placed an order for 10 electric Tesla Semi trucks and two Megachargers.

driveteslacanada.ca

Tesla Installs Megachargers at Frito-Lay as Delivery of 15 Semi Truck Approaches

Frito-Lay Inc. installs Megacharger for Tesla Semi at his Northern California Warehouse. Upon completion of the installation, the company will have the first known charger for the Semi electric trucks.

www.tesmanian.com

FritoLay to Give Tesla Semi Truck Its First Megacharger

Location, features, and other important details.

www.techtimes.com

10 Tesla Semi and 2 Megachargers ordered by MHX | electrive.com

www.electrive.com

Tesla Semi News and Reviews | InsideEVs

Get the latest on new Tesla Semi models including first drives, in-depth reviews, concept car photos, new features, recalls and more.

insideevs.com

Tesla Semi trucks, Powerpacks, and solar to be used in new near zero-emission Frito-Lay facility

Tesla is partnering with PepsiCo’s Frito-Lay to design a new “near zero-emission” distribution facility that will involve a whole fleet...

electrek.co

10 Tesla Semi and 2 Megachargers ordered by MHX - News Break

MHX a leasing and logistics firm in California has been awarded a $1.9 million grant from the Mobile Source Air Pollution Reduction Review Committee (MSRC) to purchase 10 Tesla Semis and two Megachargers. MHX has also been awarded a separate $560,000 grant from MSRC to deploy two overhead...

www.newsbreak.com

 

[22522]

If it's really mission related then Tesla should make its own coin with top of the line ease of transaction and by using the lowest energy being on renewables. This is the best way to crash 10 thousand other coins out there and have one to rule them all. Don't be giving the coin MOST harmful to the environment legitimacy by adopting it. Elon should be trashing it to the ground. Electricity usage will tank once the coin becomes worthless.

Elon seems to like the idea of digital currency. Great, go create your own with a small team of engineers using first principles and renewable energy. This pump and dump and pump of BTC is the dumbest 4D chess I have ever seen.

I think he is putting people through this so that when he does exactly, or almost exactly, what you suggest people will understand that it is necessary, even though some people really want Tesla to be a straight up automotive manufacturer - with no real mission.

 

[UnknownSoldier]

I really hope that Master of Coin disposed of all the BTC long before it cratered like this. As an Investor, I would not be happy if I found out we did all the capital raises to build up our cash reserves only to take $1.5 billion of it and basically light it on fire for some fake digital monpoly money.

 

[EVWatcher]

I really hope that Master of Coin disposed of all the BTC long before it cratered like this. As an Investor, I would not be happy if I found out we did all the capital raises to build up our cash reserves only to take $1.5 billion of it and basically light it on fire for some fake digital monpoly money.

I wish they never got into bitcoin but personal opinions aside given btc current price its basically even from purchase. A far cry from lighting it on fire.

 

[reardencode]

I really hope that Master of Coin disposed of all the BTC long before it cratered like this. As an Investor, I would not be happy if I found out we did all the capital raises to build up our cash reserves only to take $1.5 billion of it and basically light it on fire for some fake digital monpoly money.

The whole point of buying the BTC was to hold it as a long term hedge against inflation. They means potentially opportunistically buying or selling small amounts to manage that hedge, but not trading or selling for short term profits. Master of Coin would be delinquent in his duties if he sold their inflation hedge over day to day moves in price.

 

[EVWatcher]

The whole point of buying the BTC was to hold it as a long term hedge against inflation. They means potentially opportunistically buying or selling small amounts to manage that hedge, but not trading or selling for short term profits. Master of Coin would be delinquent in his duties if he sold their inflation hedge over day to day moves in price.

Given the commodity price inflation from earlier this month one could hope that in those duties he sold some to compensate for rising material prices with that same logic

 

[JustSaying]

This is like regrind in plastics.

If you are just heating up the tool and will not use the castings, could that process be 100% regrind?

Sorry I don't know.

 

[MarcoRP]

Why do I assume? I did not assume, every article by every source I've seen says it is so. Even other articles by the same site (with a different author) call it Megachargers, apparently that one guy just didn't know.

I wrote the article. Yes, Semichargers are the same thing as Megachargers. You can use whichever term you prefer. People should be thankful I coined the term before Nikola did

 

[MP3Mike]

I'm willing to put 100% of my portfolio in TSLA,
I'm not willing to put > .25% of my portfolio in BTC

Then it sounds like you aren't willing to invest in TSLA at all. Which is fine, it doesn't have to be the right investment opportunity for everyone.

 

[j6Lpi429@3j]

Got any good ideas?

Not being snarky and sarcastic to other forum posters. Is that a good one?
I wish all the crypto cultists would go buy some dogecoin and cheerlead it on wallstreetbets where this nonsense belongs. I thought this was for investors.

 

[MP3Mike]

I wish all the crypto cultists

Just because someone supports Tesla's option to invest in BTC as a hedge doesn't make them a "crypto cultist".

Maybe you should take some of your own advice:

Not being snarky and sarcastic to other forum posters. Is that a good one?

 

[EVMeister]

That's right everyone. Get the infighting out the way before market open tomorrow.

 

[j6Lpi429@3j]

Christ this forum has become wallstreet bets. I'm out. Enjoy the bitcoin chat.

 

[Beltsbear]

Sorry I must disagree. The most pollution reduction is from retirement of the most polluting heavily used vehicles. Ancient deeply polluting vehicles driven for short distances occasionally haven't much value gained by replacing with BEV. In general the highest use is not from high end vehicles. Range Rovers and the like rarely are driven in heavy use. As in most such issues, the facts tend to be found in lots of data.

OTOH replacing most any Uber vehicle or other taxi with a BEV will yield more benefit than in most applications.

But you would be wrong. The context here is federal credits And price limits on vehicles. And federal credits are not going to cause the retirement of the most polluting vehicles because they are owned by people who canot afford new cars either way. Or not at least in the context of federal credits as they are done or will be done.

Which leaves us to the real world USA federal credits and if they should have an income or vehicle price limit. And in that context, an MSRP limit will lead to less pollution reduction per dollar. For your way to work , we need a bonus or sweetener to encourage old heavy vehicles to be scrapped, not an MSRP limit.

 

[Tes La Ferrari]

Meanwhile, the innovation continues full steam ahead, seemingly unaware of the price of BTC.

"Tesla's new patent, published May 21, describes an invention that relates to cable assembly. According to it, a special module is included in the cable assembly that detects the leak. After detecting a leak, the module can alert the user to stop using the cable to charge the vehicle or automatically stop supplying power to the cable assembly. Thus, leak detection can help avoid faults in cable assemblies that can occur due to coolant contact with electrical conductors, and increase the safety of use of such cable assemblies."

Tesla Files Patent 'Leak detection in a cable assembly'

Tesla is building an extensive network of charging stations around the world, which is unique for automakers and develops chargers for them independently. The company strives to make them as useful and reliable as possible, which requires constant improvement.

www.tesmanian.com

Zoom out, and remember the unrivalled pace of innovation of the generational growth story we are invested in.

.

 

[Christine69420]

Tesla facing potential $162M fine in Norway over throttled Model S charging speeds

Tesla could be forced to pay $162 million to Tesla owners in Norway following a preliminary judgement against the automaker.

driveteslacanada.ca

I'm sorry, it has nothing to do with BTC or Twitter, but I thought you might want to know about the possible fine.

Not quite.

In our lowest ranking court - a conciliation board - around 30 Tesla owners were granted NOK 136,000 or about $16,200 each in compensation for slower charging speed on their Teslas.

If you sum this up it's more like $486,000 - not $162 millions.

One could speculate that if Tesla paid this compensation to all older Teslas in Norway it would be $162 million in total. But this in this case only the 30 or so original complainants are included.

Some speculate that Tesla will say OK to this to get the case closed. But they could also appeal.

Edit: The board told Tesla primarily to undo the battery charging restrictions - or secondary to pay this compensation. Tesla has not made any comments on this yet.

I am not a lawyer so I hope I got the translation and legal mumbo jumbo across. Some comments from me:

Some older cars with the 85 KWh battery have gotten better charging speed after installing recent updates.

I don't believe Tesla has told us the reason why the charging speed was lowered originally but some think it was to reduce the risk of fires. I know some 85 owners are OK with this. And as we can see some were not.

AFAIK this conciliation board did not dive into the technical aspect of this situation.
Edit: Which is probably why they primarily want Tesla to restore the charging process to a potentially more dangerous version.

 

[Stormy24]

about 80% of the posts have “BTC” in them in the last 24 hours. now I have added to this poor state of affairs any chance of going back to the old investors forum pre BTC.... was much more informative.

 

[daniel]

Would you be similarly opposed to Tesla diversifying their cash holdings into various foreign currencies?

Yes. Cash does not produce anything. The usefulness of cash is that you can spend it. You need enough cash for operations and investment. Tesla should be using its cash to invest in its mission of electric transportation and renewable energy. If it has more cash than it needs for expenditures and can usefully invest, then pay dividends or buy back stock. Don't leave it sitting in cash, and certainly don't speculate in volatile commodities. Nobody can know whether BTC will go up or down. Anybody who believes it will go up is free to speculate in it. But Tesla has a specific mission, and that mission is not speculation.

The limited amount of cash needed for operations and investment does not need to be diversified out of dollars except if the investment and operations are going to be happening in another country, in which case convert the needed money to the currency of that country.

And if Tesla does need to put some money in a "store of wealth" put it in something stable. Don't speculate with it. Vanguard has several bond funds that pay reasonable dividends and are reasonably stable. That would be a far better choice than BTC. Elon can speculate with his own money. Don't speculate with shareholders' money.

And yes, Tesla started as a speculative company in that like any start-up there was no certainty it would succeed. I put some money into it because I believe in electric transportation and I wanted to support that mission. I was willing to take a risk on electric cars. I was not putting my money into a hedge fund that would seek out opportunities for non-productive speculation. I want Tesla to sell all its BTC and use that money to build electric cars and trucks and batteries and solar panels.