![]() I was admitted to the State Bar of Texas in 1980 and subsequently licensed to practice as a CPA in 1981. Carey School of Business at Arizona State University. ![]() I'm a 1979 graduate of the Notre Dame Law School and a 1976 graduate of the W.P. I know how to get major projects completed on time and within budget. All of my client projects have involved high levels of uncertainty, compressed timelines, and urgent financial needs that demanded unparalleled responsiveness. I'm a lawyer and accountant who's devoted the last four decades to advising entrepreneurs on corporate finance, SEC registration and reporting, and corporate governance matters. The Hawthorne extravaganza was great entertainment, but the centerpiece attraction, the Tesla semi, will almost certainly be shelved because heavy duty trucking is a terrible fit for battery electric drive and building a meaningful number of Tesla semis will savage Tesla’s automotive revenue. I can only imagine an institutional stockholder’s response to that plan. Since a conventional semi tractor sells for about $150,000 and Tesla is claiming a pay-back period of less than two years, it seems foolish to cannibalize $600,000 to $900,000 of automotive sales in order to generate a couple hundred thousand in truck sales. To the extent that Tesla chooses to use 1MWh of batteries to build a Tesla semi it will have to forego building 10 Model S-100s or 13 Model 3-75s. ![]() In a recent article, I showed readers why: The Cobalt Cliff Will Cap Tesla's Model 3 Production Capacity At 250,000 Units Per Year. This image from Tesla’s January 22, 2016, Powerwall Manufacturer’s Warranty Certificate (Germany) says everything you need to know about Tesla’s expectations concerning battery degradation over time with daily cycling. If you assume a modest 15-mph headwind, a Tesla semi will consume ~2.5 kWh per mile at 60 mph, a 25% increase over the headline number. Reports that Model S range is up to 40% lower in sub-zero conditions are commonplace. None of these factors are trivial to a trucker that must get a cargo to its destination on time.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |