China is #3 here, too (after Australia and New Guinea). Remarkably, its remaining reserves last for less than ten years according to Wiki.
I remember the hype about those super-caps from a company that was subsequently acquired by Tesla…and never really materialized in a product.
So excuse me if I’m not jumping on this hype-train just yet 
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Tesla’s robotaxi in Austin costs $4.20 flat, far less than any competitor.
Those drives should produce enough data to eliminate the remaining bugs in a very short time. So the service is bound to be available in all metropolitan areas in the US soon.
That’ll eat up a lot of Teslas because you need thousands for an entire metropolitan area. According to Google, NYC has a hundred thousand “taxis” including Uber, Lyft, etc.
And competitors like Venmo need to find a solution against this threat really soon. For them it’s existential.
I found this analysis veeeery interesting. Time will tell how accurate it actually is.
It’s a big bet, which Elon likes to make. Though, it remains to be seen just how large that market really is. Not everybody is convinced it’s such a big business - and it requires a huge cap-ex up-front.
Interesting point about the Capex.
Also, the army of people needed to keep those cars on the road. From connecting the cable to charge, new tires, brake pads, etc.
Finally, not a single taxi company on the S&P500, what’s the point of beating all taxi companies in the world to win bread crumbs?
Once you’ve driven out the competition you control market and prices.
See Uber, Walmart, etc, pp.
Tesla has promised full self-driving each year for the last ten years, maybe this year will be the successful one.
Uber is not consistenly profitable.
Walmart is profitable but has a Price/earnings ratio around 40 in spite of having significant control of retail market. Tesla has 150+ PE ratio implying to be more profitable than Walmart.
Teslas are good cars that move people around. Issues now are declining sales and Trump’s admin ending emission credit sales. The self-driving experiment in Austin seems to be a distraction of the bigger events.
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All the more reason for Uber to worry then, given Tesla costs less than half their average fare.
FSD (sFSD…) has made huge progress in the last months - maybe as a by-product of the progress AI in general has made.
I actually believe it’s the only noteworthy tangible outcome of all the AI crap.
The robot thing may actually be a distraction, though. But we’ll see.
I agree about FSD
I look foward to the day I can go to a restaurant, drink wine with dinner, jump into my FSD car and drive home both safely and legally.
Maybe an impossible dream?
Reminds me of:
"I had a few too many drinks at the Christmas party, but I did the responsible thing and took the bus home.
Which was great, except… I’ve never driven a bus before, and now it’s parked in my driveway."
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Who will build the Mars colony?
Mostly without atmosphere, you need an eclosed habitat whether that’s above or below ground. Probably the latter because humans need protection from the radiation. The Boring Company probably has the necessary expertise.
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A high PE indicates a high level of profit growth in the future.
A high PE indicates the expectation from equity buyers of a high level of profit growth in the future.
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Exactly, when you buy a stock you are buying all the companies future profits. If you think those profits will grow faster than average you will pay a higher price today for those future profits.
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