Tesla week in review

Image by Kathysg from Pixabay 

Tesla week in review post the highs of battery day, Tesla delivered a number of interesting additions to the Tesla almanac.  History may judge this to be another step towards Tesla’s ultimate goal of transition to sustainable energy and transport. 

A word on Tesla and the future of the Company. 

Last week saw one of the most significant steps forward for Tesla and the development of their battery technology. The new and innovative thinking demonstrated by Tesla and their team regarding the use of first principles to rethink the functions of the battery, truly set up Tesla to move into a confident position.  

Sandy Munro from Munro & Associates Inc., by his own admission seen thousands of vehicles over his life time and because of this has a unique perspective on the construction, manufacturing and innovation of vehicles. 

Munro’s perspective on the battery day and his support for Tesla, is one out of respect for  innovative products and support for the companies Goals. His perspective on the Tesla innovations highlighted the fact that Tesla is heading in a direction well ahead of any competition. He is able to provide insights to the technical aspects of the innovations. 

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The market for Tesla shares after the battery day presentation went down. Analyst thought that Tesla would announce a cheaper vehicle that would be available in the short term. Tesla did in fact announce a new cheaper vehicle which would not be available for several years. 

What it does suggest is that analysts don’t have a full understanding of the technology and how to classify tesla as a company. They believe that because Tesla have not produced an affordable vehicle with the battery technology available to use now that the value of the company does not meet their predictions. 

Tesla has always highlighted the fact that they are not just a car company or an energy company but a tech company. This difference has been a challenge for analysts as they still continue to place Tesla in the car company field. 

China Model 3

blue yellow and green lighted pagoda tower
Photo by Ruiyang Zhang on Pexels.com

This Tesla week in review also saw the introduction to the Made-In-China (MIC) Model 3 LFP or lithium ion battery technology provided by CATL. 

“Tesla’s new powertrains are expected to include a cobalt-free lithium iron phosphate (LFP) battery made by Ningde, Fujian-based Contemporary Amperex Technology Co. Ltd.,” Bloomberg News. 1 October 2020, 11:46 am AEST Updated on 1 October 2020, 5:24 pm AEST

tesla tail light model 3
Photo by Damo T. on Unsplash

This innovation has been met with great excitement by the Chinese. There has been an increase in orders. In conjunction with the new battery technology there has been a price reduction and a significant range increase. The price reduction may have been expected but the range increase was something no one had expected.

The Model 3 range went from 455km to 468kms. With any electric car, range is important and an increase is always welcome. This is helping to drive sales and improve customer experience. 

Here in Australia we still have to contend with significantly high prices. 

These include:

  • Taxes on imports
  • Luxury car tax
  • Exchange rate
  • Lack of manufacturing competition

These have significant impacts on price and ability for the average Australian to enter the electric car market. 

Opportunity

With the introduction of the new Model 3 to the Chinese market, there is an opportunity for Australians and those in the southern hemisphere, to have greater access to a more affordable Tesla. 

Recently there was a rumor that deliveries from Giga Shanghai to countries like Australia would provide a more affordable Model 3. As shown this week with the introduction of the new Model 3 to the Chinese market this rumour may have some foundation. 

A recent article from Tesmanian outlined the increase in shifts within the Giga Shanghai factory. This might indicate a lift in production numbers and possibly an opportunity to export model 3’s to other countries like Australia. 

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The Model 3 range of 468kms is comparable to current petrol cars of the same size and dimensions that are sold in Australia. With the added benefit of no petrol and reduced rates for electricity, this would make the vehicle quite competitive and compelling. 

Currently in Australia the cost of the Model 3 averages approx. $74000 dollars . As this starting price it does not incur Luxury car tax LCT. However, with the introduction of the new MIC model 3 the price when convereted to Australian dollars is $61000. This would be quite a significant price reduction which could make quite an impact on the electric vehicle market.  https://thedriven.io/2020/10/01/model-3-with-cheaper-battery-on-sale-soon-price-drop-leak-4000/

India 

taj mahal india digital wallpaper
Photo by Rahul on Pexels.com

Tesla week in Review, Elon Musk is known for his use of the social media platform Twitter.  This week he responded to TCIN when asked if Tesla was going to come to India. 

Elon responded with, “sometime next year.” This is significant as it would open another country to the benefits of electric vehicles. https://twitter.com/elonmusk/status/1311931936261263360

This week has been a significant week for Tesla. They innovate, create, and produce some of the greatest technology we have seen for years. 

Dave 

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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Battery Day – Tesla

Tabless battery by Tesla
Image courtesy of Battery Day – Tesla

Battery Day – Tesla, if anyone had any doubt that Tesla is going to be the leader heading into the future of the electric car and power management this week solidified their position.

It is truly incredible the innovation that Tesla continues to deliver. The team at Tesla reviews a part of the market that has been devoid of innovation, they turn it on its head with first principal thinking. 

Battery day – Tesla was presented online and a number of lucky investors and followers of Tesla were in attendance and the unique way they socially distanced was very cool.

A picture containing car, lot, filled, person

Description automatically generated
Image courtesy of Battery Day – Tesla

First Principles

Elon has spoken a number of times regarding the first principle thinking to reframe a question regarding a current problem.

“The first principle” was conceived by Aristotle to rethink an already existing process and find another way to achieve a better outcome.

First principle thinking guided Tesla to reimagine a better battery for the future of the company.

They broke down the detail into 5 complete sections

  • Cell Design 
  • Cell factory 
  • Anode Materials
  • Cathode Materials
  • Cell Vehicle Integration
Image from battery day
Image courtesy of Battery Day – Tesla

Cell Design

Image from battery day
Image courtesy of Battery Day – Tesla

Tesla is turning the cell design on its head. They thought long and hard about the fundamentals of what constitutes the cell. The team at Tesla looked at the main features of current cells looking for opportunities to increase energy storage and output.

The introduction of the tabless 4680 cell made of silicon whilst limiting the use of cobalt has led them to achieve an innovative approach. With these changes it can increase the cells range by 16%. This range extension is truly incredible and critical to the uptake of EV’s as we move into the next couple of years.

Image from battery day
Image courtesy of Battery Day – Tesla

Cell Factory

Image from battery day
Image courtesy of Battery Day – Tesla

One of the most surprising elements regarding the cell announcement pertains to the fact that a pilot factory already exists. The fact that cells are already being produced would suggest that this is not just a theory but a revolution and real.

Taking inspiration from printing and bottling factories of yesteryear where the production line does not slow down during the whole process, Tesla has implemented a similar process that allows the cells production to increase accordingly.

Within the production of the cells there are 4 main steps

  • Electrode
  • Winding
  • Assembly
  • Formation
Image from battery day
Image courtesy of Battery Day – Tesla

Major efficiencies can be found within the process of manufacturing battery cells as opposed to the traditional processes.

The use of a “High-Speed Continuous” motion allows for a smaller footprint within factories producing more cells per hour allowing an increase in efficiencies with manufacturing and could produce a 7x improvement with possiblility 10x improvement over time.

Tesla last year purchased Maxwell which had a process for converting dry powder materials and applying that as a film onto the separator in the jelly roll of the battery. Elon explained that since this purchase, they have iterated on the process 4 times and believe that they will achieve greater efficiency by about the sixth iteration. This advancement removes the need for a wet process and thus reduces the size of the factory required exponentially.

These improvements are revolutionary to the production of cells. Once again first principles has delivered a new perspective.

Most companies rely on old solutions where as Tesla as confirmed by Elon will continue to innovate and push the boundaries of what is possible.

Currently Tesla refers to the factories as Gigafactories. As they move forward and transition to the new cell form factor the factories will be referred to Terafactories.

Image from battery day
Image courtesy of Battery Day – Tesla

Anode Materials 

Image from battery day
Image courtesy of Battery Day – Tesla

Silicon is considered a fundamental element used in most batteries. Once again Tesla has had to go back to fundamentals and find a way to improve the process of creating better density and usage of the batteries. 

When a battery is charged and discharged the movement of lithium across the membrane causes it to crack and become gooey. Overtime this causes the cell to lose the ability to manage the state of charge thus rendering the cell less effective.

Many have tried to rectify this by addressing the symptoms not the cause. The introduction of different binders and support materials have been used to lessen the impact of the heat generated during charging and discharging. This has been met with varying results.

Tesla is attempting to look at the fundamentals of what makes up the anode of the battery and see if they can eliminate cobalt whilst using Silicon in a different way. Raw silicon has been proposed as a possible solution to help with the expansion issue when charged and discharged.

  • Raw material silicon,
  • stabilize surface through elastic, non-conducting polymer coasting,
  • robust network – highly elastic binder and electrode design.

By implementing the above changes to the cell It has been shown to provide a 20% increase in range for vehicles.

A 20% increase in cell range is groundbreaking when dealing with electric vehicles. Distance is king in many cases and this could help to achieve this greater range for the same price. Or alternatively it could mean less cells with same range reducing costs.

Image from battery day
Image Courtesy of Battery Day – Tesla

Cathode materials

Image from battery day
Image courtesy of Battery Day – Tesla

A cathode provides structure to the management of lithium ions within the battery cell. Tesla has been experimenting with different cathode types that would allow cells to be more environmentally friendly and increase recyclability.

In the course of their investigations they believe a diverse range of materials will be utilised for different purposes. Tesla will implement different material across their product line to address cost, density and output.

Iron – Low level use 

Nickel Manganese – medium level use 

High Nickel – used for Long range – Cyber truck and semi

Image from battery day
Image courtesy of Battery Day – Tesla

The use of nickel as a main component gives the best dollar per kwh and wh/kg. This combined with removing the cobalt has a number of positive effects

  • Reduces complexity of the materials 
  • Continues to address the human rights issues with mining 
  • Has a good structure to hold the lithium 
  • Reduction in costs of $/kwh

Again the returned to first principles regarding the manufacturing of the cathode. This lead to an improvement in battery production and thus a cumulative effect upon the percentile shift of costs in the downward trend.

Further to this, lithium is a highly abundant material and is available within many and varied locations. It seems that the collection and processing of the material is able to be achieved within in the USA.

Mining lithium is important way forward for cell production and Tesla has found a way to extract it from clay with the use of Nacl (Salt). The outcome of this leads to highly recyclable cells and materials, that can be easily reconstructed into new cells. This leads to some impressive cost savings.

Image from battery day
Image courtesy of Battery Day – Tesla

Cell vehicle production 

Image from battery day
Image courtesy of Battery Day – Tesla

Elon announced a change to the fundamental design of the Tesla vehicles.

He was inspired by the airline industries innovation when they created a fuel tank as part of the wing which improved capacity and reduced weight. By changing the way the vehicles are constructed to achieve a similar concept Tesla’s vehicles have also had similar outcomes.

Image from battery day
Image courtesy of Battery Day – Tesla

This one design change is said to lead to;

  • 10 % in weight reduction
  • 14% range increase opportunity 
  • 370 fewer parts

Cumulative effect 

Tesla has shown that it can innovate in areas that most car companies take for granted and follow a standard view of the processes. Tesla chooses to look at the fundamentals and innovate using the first principles thinking regarding anything from the car to the power train to the battery cells and beyond.

The above innovations with cell production, cell development, anode, cathode and vehicle design allow for changes and efficiencies in their own right, but the cumulative effect it has upon the overall price and production helps to drive prices down , safety up and more people in cars everywhere.

56 % reduction in $/KWH. 

Image from battery day
Image courtesy of Battery Day – Tesla

This is a monumental step in regard to Tesla’s value as a company and value of the individual vehicles. The impact it will have on the tesla solar and battery storage costs moving into the future will be profound.

 Elon highlighted that the realization of this technology will not occur for 1-3 years but the ability to own a tesla in the coming years with a price that is reasonable is extremely exciting. 

Benefits

  • 54% Range increase
  • 56% S/KWH reduction
  • 69% Investment per GWH reduction. 
Image from battery day
Image courtesy of Battery Day – Tesla

What does this mean for Australia?

I have watched a number of Tesla presentations over the years and this presentation was the most exciting for a number of reasons.

In Australia the prices of tesla vehicle is quite significant for the average person. With a starting price of $74000 a lot of people find this price out of reach.

If Tesla was able to maximise on the 56% reduction in dollars per KWH then the possibility exists that in the future Tesla’s could be priced around $40000 – $ 50000. If this was to transpire then more Australians would be in a position to consider their next car to be electric.

If the new 4680 battery cell is adapted to the home power storage solutions it could assist Australians to increase their ability to maximise their solar panel efficiencies whilst also reducing the cost of electric and charging electric vehicle.

If this is the future in 1-3 years, then I am on board and I would encourage all Australians to investigate electric products.

One more thing….

Image from battery day
Image courtesy of Battery Day – Tesla

It would not be a Tesla event if there wasn’t something unexpected. Tesla announced a possibility of a new, smaller sedan with a price range of around $25000 USD.

The Plaid Model S

The Plaid Model S, which has been seen on the Nürburgring, with a tri motor specifications and a 0-60 mph time of 2.1 seconds is now available to be purchased online. this impressive vehicle has a starting price in Australia of $189000.

Last word

Battery Day – Tesla has shown what it is capable of and sets a high standard for all to follow. Tesla’s mission will improve the environment and accelerate the transition to a sustainable future. The information provided by Tesla has great potential to realise the possibilities.

Tesla’s philosophy of using first principles to reimagine what battery technologies can be will have positive impacts on the environment for years to come. It’s ability to continually innovate and move their mission forward is inspiring.

Dave 

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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Out of Balance!

aerial view of road in the middle of trees
Photo by Deva Darshan on Pexels.com

Out of Balance! Two weeks ago I had one of those experiences that I thought would never come. My belief is that everyone has a good understanding of electric vehicle. I believe that everyone has a good foundational knowledge of what an electric car is and can do. Turns out I live in a bubble.

I realized two weeks ago that this type of thinking is a misconception and that we need to do more. 

Let me explain. 

My friend

I have a friend who is currently doing it hard as a business owner. He had to shut up shop while quarantine was occurring. This had an impact, now that he is open again, he is trying to make up for lost time. 

I have not had as much trouble with this area as I have worked across all quarantine. So, when it came to having an optometrist look at my sight, my friend jumped straight to mind. 

He and his wife both have worked tirelessly to build this business and their reputation to make their Optometrist business successful.

We visited the store and had our eyes checked and purchased a number of glasses. We had not seen each other for a while so afterwards we went back to their place to catch up.

Electric benefits

During the conversation we ventured onto the subject of cars. They were thinking about buying a new car to replace their 12-year-old car. It was at this point I mentioned electric vehicles. 

Much to my surprise they really had little knowledge of what electric cars could do and what their features were.

So, I tapped into my knowledge and started to answer questions and drive discussion. It was not only gratifying to hear myself speak with confidence about the cars, but also see my friend grow increasingly interested in the benefits of these cars.  

We discussed the ins and outs of Tesla’s talking about the savings across the spectrum from petrol to solar to battery storage to upfront cost versus ongoing costs. 

When I mentioned that there is limited maintenance that needed to occur for the cars, they were both surprised. We then spent that next 20 minutes convincing him that electric cars have a lot fewer moving parts and they don’t require the same maintenance that an ICE car requires. 

I tried to put forward a balanced view, both the good and the bad. Advising them that if they truly wanted to understand how an electric car feels to drive then to test drive a Tesla or any other electric vehicle, they find appealing.  

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Out of balance 

It was during this conversation that I realized that my knowledge was greater than I had previously thought but I did not truly appreciate the lack of information in the marketplace. This lack of clarity is part of the reason the electric car companies have had little chance of getting a foothold. 

Social Media

social media icons
Photo by NordWood Themes on Unsplash

Social media is an important avenue to pass on information to people. However, it anything that is not front, and center seems to be lost in the noise.  The general public don’t seem to find it as they don’t know what they are looking for. 

Recently I mentioned a report put out by the Electric Vehicle Council.  The report advised that 45% of people would consider an electric vehicle as their next car. 

This number may very well be true, but I also wonder how many of that 45% actually understand what the differences are with an electric car from an ICE vehicle.  

graphs of electric car information.
Information courtesy of “State of Electric Vehicles” August 2019- Electric Council Australia

I(nserrt image of percentages)

Furthermore, I wonder how we capture the remaining 55% of people’s attention to have a better understanding of the Electric vehicle market. 

Misinformation

I received a text message from my friend a couple of days later.  He told me that he had been considering the discussion about electric vehicles and had spoken to someone who said that Tesla’s need to have software updates and that Tesla charges fees to upgrade. 

I was surprised that anyone would sprout that kind of nonsense, so I sent my friend the links to the software update details that Tesla puts on its website. I also sent him the link to Andy Slye  that also outlines how the software works. 

This just reinforced the need to find new ways to get the message out that electric has greater benefits than most people think and that there is so much misinformation the waters are getting murky. 

Call to Arms

I call upon all my followers and friends, my fellow bloggers and Youtubers to combine forces, to create new and fresh ideas on how to get the right information in front of as many as you can. 

The opportunity is now! The information is out of balance! We have a responsibility as passionate aficionados of the information to share and spread it near and far and help to reduce the confusion and misunderstanding. 

My friend has not made any decisions as to whether he can afford to go electric. I hope I have helped to change the mind of one or two more people to the benefits of the electric vehicle. 

By sharing my knowledge with just one person who becomes interested I have helped to spread the information and hope it keeps going. I will continue to share my passion for the cars and hope that my turn to own a Tesla won’t be far away. 

Dave 

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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Are Australian Tesla’s about to get cheaper?

white tesla

Are Australian Tesla’s about to get cheaper? An encouraging report is suggesting that Australian deliveries for Model 3 and Model Y from Tesla, may be delivered from Giga Shanghai towards the end of 2020 beginning of 2021. 

It has been a major point of contention, that the prices in Australia are too high for the average person. 

The idea of Tesla’s being manufactured and delivered from Giga-shanghai is not a new idea but one that many have requested for a while, my self included.

Australian Prices

If the Model 3 and Y are to be sold as a family car, or as the car for the masses, then the price needs to be more affordable, around the $30,000 – $40,000 dollars mark.

This price would give price parity with the average ICE vehicle and allow for natural competition. Currently in Australia costs of Tesla’s are almost double these amounts.

Now of course, part of these cost are taxes both Luxury Car Tax (LCT) and Import tax and every other person who is involved with the delivery tax. 

breakdown of a tesla

Giga-Shanghai

GIGA Shanghai
Featured Image Credit: WuWa Vision/YouTube

There is a possible change for the delivery of Tesla’s from Giga-Shanghai to the Southern hemisphere, inclusive of Australia, this was reported by Bloomberg and shared by Sawyer Merritt on twitter.

This change in location of manufacturing and delivery increases the chance of a possible price change. That would make the Model 3 and hopefully Model Y see price drops and become more affordable and achievable by the average person in Australia. This would continue to help to support the Tesla Mission. 

The news that it may actually be occurring is exciting for Australians looking to make their next purchase an electric car. 

The Electric Vehicle Council released a report in August 2019 called the State of Electric Vehicles. This report highlights some of the details relating to the possibility that 53% of people either already own or are thinking about purchasing an electric car as their next vehicle.

Model Y ordering

Model Y not an order page
Courtesy of Tesla.com

In Australia the Model Y is yet to be able to be ordered. This is not in line with the Model 3, which was available to be reserved from almost day one of the announcement. 

This delay with ordering could be aligned with the decision to ship cars from Giga Shanghai. Giga Shanghai has a number of buildings being constructed currently which have been rumored to be for the Model Y.

These would need to be completed for deliveries of model Y to Australia to occur.

Based on reports the building are close to being finalised which would in turn align with the timeline suggested for Giga Shanghai deliveries to Australia. 

Prices in Australia

Are Australian Tesla’s about to get cheaper? EV-HQ in February of this year commented on the prices of Tesla’s in Australia on Twitter and Elon Musk responded with this tweet.

This response was an indication that he also believed that prices for Tesla’s are too high, which he reinforced at the recent shareholders meeting held in July 2020, Tesla, Inc. Q2 2020 Financial Results and Q&A Webcast.

Tesla’s mission of transitioning the world to sustainable energy and transport must at its core be able to be flexible in the execution. The possible change to delivering and manufacturing vehicles for the Southern hemisphere and right-hand drive (RHD) countries is another step towards this achievement. 

Opportunities for Fremont

Fremont factory
Image courtesy of CleanTechnica.com

The knock-on effect of a change like this opens the way for reduced reliance on delivering all models of the Tesla fleet globally from Fremont and disperses the deliveries across the network of factories. Thus, building redundancy and stability in manufacturing and deliveries.

It also allows Fremont to start planning for the manufacturing of the Roadster which Elon has mentioned would come out of Fremont factory. 

Are Australian Tesla’s about to get cheaper? It is encouraging to see that possible changes may be coming to the way Tesla is progressing their vision and the positive impact it can have on the average person is a win for the individual, and also for the world as we try to fix the issues that we have caused over the last century. 

Dave 

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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Eco system lock in

world from space
Image by motionstock from Pixabay 

Eco system lock in, Tesla has grown from a small startup car company to a global leader in EV technology.

Are Tesla heading down a road that is predicated on the fact that people need to be in the ecosystem to get the benefits of the companies’ technologies?

Since apple’s recent concern regarding the app store I have been wondering if this is something that Tesla needs to manage as well. 

Apple

Apple products
Photo by Serpstat on Pexels.com

Apple has in recent history been criticized for not being more transparent and open. They pride themselves on privacy, which is good business sense, however it does come with some draw backs. 

When you as the customer buy apple products you are open to the opportunities apple provides. Firstly, you have the ability to create an account, once you have the account the following becomes available to you;

  • Access to the app store 
  • Apple Music
  • Find my family
  • Apple Maps
  • Apple TV, Apple TV+
  • iTunes Store
  • Etc. 

These are mostly software application portals. These days you can get a credit card (USA Only) which locks you into their banking, Apple pay system, where they offer incentives for spending more. 

Apple is working to be part of your health management with the apple watch, health app, integration with Medical Record systems like Cerner and aligning with the Mayo Clinic to develop research projects that utilize the customers of the apple products. 

This innovation has a lot of positives that benefit many people and make their lives better. It also helps to keep people locked into their ecosystem.

Let’s Imagine for a second

Let’s Imagine that you have been using and integrating with apple products for 10 years and a new company with the newest and greatest product comes along and you want to change! 

It is at this point that Eco system lock in becomes real. 

Trying to transition all your devices and your information from the last 10 years could prove to be a challenge, not to mention costly.

So why does Tesla need to be cautious?

Tesla is starting to build a singular experience for the amazing technological cars they design and build.

These cars require an account, and they have an inbuilt ecosystem within the vehicles. This is complimented by the phone application that allows you access to your car and account. 

Tesla offers an eco-system that is not beholden to just cars either. Their products include solar panels, solar roof’s and Tesla batteries.

Their mission is to transition the world to sustainable energy and in doing so it would be reasonable to consider that this would include realization of new and innovative products. 

As any new product is introduced it is another way to get locked into the Tesla Ecosystem.

Tesla has the opportunity to avoid ecosystem lock in and look at the ability for the products to integrate with other systems long term. To bring others along for the journey to a sustainable nonpolluting energy production future. 

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This is the start of an ecosystem. 

Tesla Charger
Image by ElasticComputeFarm from Pixabay

Elon Musk is a very smart guy and he has helped to bring some of the brightest minds in the world to Tesla to develop the amazing products we see today. These people have started Tesla down the road of creating an Eco system that is exciting and futuristic. 

One of the most interesting parts that highlights the different thinking that Tesla is bringing in the early days that even apple did in the early days of its resurrection.

They are offering the ability for other car companies which may not have the technical know-how of electric cars to utilize their drive chain and batteries.

This is encouraging to see. I would hope that into the future the software systems may also be integrated.

It shows the thinking that is occurring in Tesla that just may indicate that they hopefully are trying to avoid the issues related with Ecosystem lock in. 

Tesla is aspirational and is looking to grow and develop a fandom and customer base that keeps coming back for more.

The Tesla community are passionate, sometimes to a fault. They are driven to see the world and the Tesla Mission realized. 

This group of passionate people want nothing more than to enjoy their cars, spread the fun and passion they have to the rest of the world and hope that Tesla comes out on top. They profess that once you go electric you will never go back. 

This is extremely true for Tesla because they are so far ahead in technology and performance. 

Tesla’s ecosystem is growing, and the passionate fans are growing with them. The early adopters have been the vocal few for many years and have continued to share their passions with their family and friends and the rest of the world.

Compare

I am an apple fan boy and have been for many years. In my collection of products i own iPhone, iPad, apple TV’s etc. I am a tragic ecosystem lock in having influenced friends and family to buy.

This has been not just because I love their products but also because their operating system just works and is easy to navigate. 

Tesla aligns with similar features, they have products of which I do not own any yet, but when I do, I will want to buy more and share that with family and friends. 

Both companies have a number of similarities;

  • Create an account 
  • App helps to manage that account
  • Applications can be access through the products
  • Software updates bring new functionality
  • New products help to improve your lives

Customers!

At the heart of any company wishing to sell their products Customers are the life blood. Customers are the ones that will make or break you as they will do their talking with their money and their feet. 

In the case of Tesla, the customers are their greatest asset. They do a large amount of promotion across social media and they expect a lot from the product. 

They are passionate and loud, but they do not go into buying a Tesla blindly, they do their research they understand the products and the company well before purchasing. 

CEO influence

Elon Musk is the most vocal CEO of any car company across the globe and with that it allows a unique opportunity for people to engage and influence how the world of Tesla moves forward. 

This unique relationship helps to allow the community voice to guide the future of the car company.

This unique relationship can help to avoid the ecosystem lock in with the customer helping to show the way and have a voice at the table. 

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But ecosystem lock in Is real. 

Eco system lock in is real and once a customer purchases all Tesla Products one could argue that they are locked-in to Tesla’s Ecosystem.  

One of the main reasons that the customer would consider Tesla first if already part of the Ecosystem is the familiarity of the products. 

It is a person’s ability to realize it is easier to connect to an already established eco system than it is to buy new cars, solar panels and batteries. Tesla sells large purchases, it is hard to change your solar panels, car or house battery year to year.  

Tesla stands out, and looks to the future

There is, some positive things to look towards that indicate that Tesla is trying not to have a walled garden completely. Recently, Elon Musk said on twitter that they are open to allowing other car companies to use their components from Tesla for their cars, drive train and batteries. In the future it may even be software.

This glimmer of positivity to open the Tesla ecosystem to others is important and should be pursued.  It is a positive step towards improving the ability for other companies and products to interface and avoid the eco system lock-in that other companies have become accustomed to. 

Tesla has a mission that is greater than the parts of Tesla itself and that shows the true human factor behind why they want to change the world for the better. 

If there is to be an ecosystem lock-in then lock in to the ecosystem we live in and help the environment we live in.

Ecosystem
Image by enriquelopezgarre from Pixabay

People at the end of the day have a choice, they have a chance to decide for themselves. 

Eco system lock in is something that could happen to Tesla and the customers. The question is will it? That is yet to be decided. 

I hope that the future they wish to achieve, based upon their mission, is the one that we all focus on and use of the technology they produce to help achieve this goal is open for everyone to enjoy. 

I would think that the ecosystem supports the goal not the other way around. 

Tesla Stock Split – Part 5

(Dave’s Journey to owning a Tesla) 

tesla bespoke wheel
Photo by Tommy van Kessel 🤙 on Unsplash

Tesla Stock Split- Part 5 is the next part of the Dave’s Journey to owning a Tesla. 

Disclaimer – This information is my own opinion. I am not a financial advisor or affiliated with any financial institution. 

Part 3 – The Entrepreneur, and Part 4 – Taking my own advice, discussed the ability to grow your income through innovation of thought and applying fresh ideas to already existing problems and finding a way to monetize that approach. 

Let’s talk about the stock split!

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Stock Split

In the last week we have had a significant pivot in the way Tesla is looking at their future growth. The news which was reported by Tesla themselves outlined the Tesla Stock Split of 1:5

This stock split is not unprecedented in the world of stocks but for the average person who has not been a shareholder or involved in any company that they held shares for, this is an interesting thing to do.

The BareFoot Investor as part of their strategy, also talk’s about investing to grow wealth over time. 

The Tesla stock split is interesting by the fact that it allows those of us who are average people with little ability to spent thousands of dollars on stocks and investing, we now have the opportunity to invest just a couple of hundred dollars and become part of something we have a passion for.

For a lot of people investing in a company that aligns with their values, to help improve the environment and increase the ability for the world to transition to renewables is now reachable. 

So, what does 1:5 share split mean? 

If you as a shareholder currently with Tesla and you have a full share, then as of the 28th August you will end up owning 5 shares on the 31st August. 

The total of those 5 shares will be the same as the original share. For example, if your original share was $1500 before the stock split. After the split you will have 5 shares valued at $300 each, $1500 in total. 

So why is this Part 6 Tesla stock split part of the Dave’s journey to owning a Tesla? 

The share market is a way to grow wealth so long as you listen to professional advice, and based on your assessment of your own financial position and risks, you proceed with caution while being well informed. 

As I have said I am no financial wiz, but this is one-way I can grow wealth to achieve my goals while staying true to my values.

This is an opportunity if you like Tesla( https://www.tesla.com/en_au/ add link ) and you wish to be part of the retail investor environment, want to back a company that aligns with your values on the environment and own a cool car and technological products then look at this opportunity. 

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If you don’t have the money, then don’t do it! 

If you have financial difficulty this will not get you out of trouble. 

Look for opportunities that you are happy to accept the risk (loss) on. 

Investing is risky and can be fraught with peril if you don’t do your homework. 

But for me this is something I have long been working towards and I am going to try and take advantage of the opportunity before me. 

passion led us here, looking down at the words and shoes
Photo by Ian Schneider on Unsplash

I believe Tesla has a long way to go and has road map that doesn’t end with the cyber truck.

I am looking to the future and seeing that I have an opportunity to get one step closer to the end goal of owning a Tesla and helping to assist the world to transition to sustainable energy and transport. That is the ultimate goal.

Dave 

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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Tesla Vs Traditional

Tesla vs Traditional, there has been an ongoing worldwide discussion that highlights the challenges faced when talking about a transition away from fossil fuels to a world of renewables

Traditional automakers. 

Traditional automakers have for many years-built empires upon the use of fossil fuels and the development of petrol-powered motor vehicles.

During the many years they have developed technologies to enhance the speed and drivability of the vehicles. 

Enhancements with the management of exhaust pollutants have been developed over the years as growing environmental questions have accelerated.

But at no time was there ever a motivation to seriously look at alternatives to fossil fuel to power motor vehicles. Focus instead was still on how to reduce emissions. 

Volkswagen were found to have rigged their emissions results. They provided vehicles to the emissions testing team that were designed to pass the tests.  

What this allowed them to do was sell more vehicles over many years until they were found out. 

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The Tesla Effect 

Since Tesla released their first car, the Roadster, they have been driven by the mission to transition the world to sustainable transportation and energy. This thinking bought with it a fresh set of ideals for the motor industry.  

Traditional vehicle manufacturers have had little response to a fledgling electric car company and only in the last couple of years have they realized that Tesla is the future. 

In the last 10 years that lack of interest has turned into a vested interest as Tesla starts to make waves and profits from their electric vehicles. 

The Tesla way of thinking is very much like a tech company not a vehicle company, this is the number one reason traditional car companies don’t understand their success.

Secondly, they don’t follow the standard approach to selling, development, car upgrades and so on. 

Traditional car companies are slow to iterate, they plan for changes to make to the next model of the car, Tesla makes changes to cars when the change makes sense not for the next model. 

Tesla has a good foot hold on software development, they implement software changes regularly. Traditional car makers, if they do have technology in the car is hard to understand and does not seem to add improvements to the user interface.

These are just a couple of examples why the car of the future is knocking on the door of history to bring a fresh change to an industry in need of a new perspectives. 

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Who wins?

Tesla vs Traditional – who wins? 

Tesla is an electric car company, their cars don’t use fossil fuels or produce any toxins. They use electricity from batteries located in the floor of the vehicles that can be charged and recharged thousands of times. 

Tesla vs traditional is a clear win for Tesla. 

They are the new breed of vehicles on the road and they will continue to lead the way to the future. 

They have had a profound impact on the car market with many more new and traditional companies driving towards the electrification of the vehicle industry. 

I recently wrote about the evolving face of the electric car market and the changes that are coming.

If nothing else the future will be bright, will be clean and will improve the air we breathe. Now that’s a future I want for my kids, Don’t you?

Dave 

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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PART 3 – The Entrepreneur

Dave’s Journey to owning Tesla

man looking at a wall with ideas
Image by Pexels from Pixabay 

Welcome back to Part 3 – The Entrepreneur, Daves Journey to owning a Tesla.

Part 1 and Part 2 we have discussed strategies about money management and the beginning of the journey, now let’s talk about the Part 3 – The Entrepeneur.

Part 3 – The Entrepreneur- Elon musk is by his own admission an entrepreneur. His beginnings with his company X (PAYPAL) and continued with Tesla, SpaceX, Neurolink, The Boring Company and beyond. 

This passion to discover new and exciting things has driven his ability to create industry leading companies out of nothing. He has had great people who have supported him along the way to achieve his current status. 

This thinking can allow us to work towards generating enough capital to purchase a Tesla.

We need to think like an Entrepreneur. 

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Holidays help you think!

man looking out to a lake
Image by Free-Photos from Pixabay 

I recently went on holidays and whilst there I met a young man who had started his own business. He looked at a simple skill that was taught to him by his aunt and found a way to make money from that simple idea. 

During this time he explained that he has also developed new skills that have helped to grow his understanding of the opportunities that before where unknown.

It helped him grow his confidence, passion for running a business.

This simple conversation allowed me to think about opportunities that may be present to assist with owning a Tesla sooner. 

Think like an Entrepreneur

To think like an entrepreneur means to look at the world differently. To take stock of what you believe as the norm and see if there are ways to put a different spin on it. It is to find solutions to issues that already exist. Review what you do and see if you can find a simpler way to execute on it. 

Part 3 – The entrepreneur is looking to help to determine what simple principles are in this thinking.  

  • Look for opportunity – new and fresh ideas
  • Think outside of the box
  • Try to find a new way to do old things
  • Review what you do and see if you can find a simpler way to execute on it. 
  • Follow your passions

How to execute on these above ideas. 

Look for opportunities – new and fresh ideas
  • Like the young man, he saw an opportunity by being taught how to create candles that his aunt showed him, he then took that and turned it into a business. 
    • Teach yourself new things 
    • Identify if there is a need for this new skill in the world around you 
    • Speak to people around you to see if your idea makes sense and has merit. 
    • Write it down 
    • Break it down into cost versus, output and return. 
Think outside the box
  • Sometimes we do daily tasks that take no attention to complete. These have been things we have learned or picked up along the way. 
    • Pay attention to your daily tasks. 
    • Think about what you are doing and see if there is a better way. 
    • Don’t be afraid to experiment
    • Failing is ok as this lets us learn and find another way. 
Try to find a new way to do old things
  • The old saying that “we have always done it that way”, is exactly what you want to find with this one. 
    • When you think about that statement it’s time to review what you are doing. 
    • Break down the process, step by step, and find fresh ways to manage the situation 
    • Look to technology and see if technology can help the issue at hand
    • Look to other processes and find comparisons that allow for simplified ways of managing the issues.
Review what you do and see if you can find a simpler way to execute on it. 
  • Keep it simple Stupid or the KISS principle has been a corner stone of my thinking for a while. This is the type of thinking that may find opportunities for you to execute upon. 
    • Every day we do things regularly both at home at work and beyond. These are the areas you can look for opportunity.
    • Pay attention to what you are doing
      • driving and the things you do in those transitional stages between events 
      • walking 
      • cleaning the house 
      • Etc. 
Follow your passions
  • Last, but far from least it is imperative to follow your passions. To follow your passion allows you to stay focused when times get tough or obstacles get in the way. By thinking like an entrepreneur gives you the courage to find solutions to issues and problems and continually move forward.  
    • Look to your hobbies
    • Review the things that you enjoy watching on social media
    • Look at your Pinterest and see what you have saved 
    • Review your twitter feed to see who you like and follow 
    • Talk with friends and family and ask what they see as your passions
    • Be true to yourself because if you aren’t driven by it you will not enjoy the rewards
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tesla model 3
Image courtesy of Tesla

I am passionate about Tesla and the possibilities that Electric vehicles and non-polluting renewable energies can provide. 

I will be taking my own advice and looking for opportunities in what and how I do things to find the idea that just might help to grow my ability to step into my own Tesla. 

Part 3 – The Entrepreneur, Don’t lose your ability to have new and fresh ideas, don’t ever feel that an idea is not good enough. Remember the old saying one person’s trash is another person’s treasure. This is the quintessential entrepreneur thinking. 

Dave.  

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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Part 2 – The Tesla Saving Strategy

Dave’s Journey to owning a Tesla

Welcome back to Part 2 – The Saving Strategy , Dave’s Journey to Owning a Tesla.

endless road - Part 2 - The Tesla Saving Strategy
Photo by Simon Migaj on Pexels.com

Last time in Part 1 – Lets Begin I wrote about the path forward, looking at how I can gain enough capital to make the loan amount for my Tesla much more palatable. 

Over the years I have been the typical Aussie, looking for a quick win to make a few bucks. 

But as most people when you’re young you’re not really any good at finances. The misconception is that it’s easy. 

I tried to save in jam jars, I tried to work two jobs, I tried working more shifts, I even went to financial experts (so called) for advice on investing which ultimately lead to more debt and harder times ahead. 

On the upside I have a house, a job and a current gas car, so all is not lost. 

In recent years I have become more interested in the concept of making my money work for me, not I for it. In this vein I started to look at different strategies on how to minimize my costs and improve my capital. 

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Why a Tesla?

I have been a fan of Tesla now for many years as some of you already know. In that time I have bored my family to death about the possibilities the car and mission provide. I have spoken at length about Elon Musk and the Tesla products. I have written many blog posts about the same. So why do I want to own one of the most expensive electric cars in the world and not just settle for something cheaper. 

Simple, I am a tech nut, I love gizmos and gadget, I love to pull things apart to better understand how they work and then try and put them back together, not that I would do that to my Tesla. 

I am an early adopter of new tech and love to see what the next frontier looks like. With this in mind Tesla ticked all the boxes that drive my curiosity and passions. They are a tech company first and foremost. They strive to do better for the environment, and they do it with one sole purpose to transition the world to sustainable energy and transport. 

It is because of this that I am a Tesla fan. No doubt. So, when making the decision to start my journey to owning a Tesla it was not a hard decision. 

I want to share what I have learned in the hope that others may find a way to do the same. 

In Australia owning a Tesla is not a cheap experience. We do not have the luxury of being able to buy a Tesla for $40000 dollars as they do in USA. So, we have to plan and strategize to be able to afford them. It can take years. This is why I am writing down my ideas and processes so others can come along with me. 

Different ideas!!!

I came across a strategy online about how you use a credit card and then at the end of every month you pay that down so on and so forth. This was my first attempt at getting ahead. That failed. All it did was increase my debt and caused more tight times ahead. So, I started to read and search for ways to maximise my saving s by cutting costs and reducing incendiary expenses. That’s when I found a book that would start my family on the road to better financial independence. 

Bare Foot Investor……

man in field sunrise- Part 2 - The Tesla Saving Strategy
Image by Pexels from Pixabay 

Scott Pape is an aussie finance guy. But unlike the stiff upper lip and suited up bank guys he is a guy who lives on a farm with his family and dog. He talks about investing and money management in simple easy to follow terms, and that’s right up my alley. 

He is an aussie through and through. “The Barefoot Investor” book is one of the most practical money management books that I have read in years. It outlines simple to follow, step by step instructions to set yourself up for better financial times ahead. 

His advice is not hard to follow, or difficult to comprehend, it is straight talking simple information and steps out how to help get your finances in order. 

Not only that he gives tangible instructions on how to manage your money now and into the future. 

So, I dived into his book and read it cover to cover in a short time. When reading it with my wife and I speaking at length about the strategies and the practical steps he suggests. They all made much more sense than anything I had read before. 

So, we decided to do it.

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My Path

It has been 2 years since that decision. 

The last couple of years have thrown a couple of curve balls at my family and we have kept our heads above water with the support of the Bare foot investor process. Do we still have debt? Yes. Do we still have a mortgage to pay? Of course. Do we have a way forward to paying down the debt? Absolutely, because we have an understanding of what to do now, whereas before we never had a strategy that worked?

And that’s the trick. It is not all about making money in 5 mins, it’s about being flexible to anything life throws at you. 

One of the cores to his strategy is the idea that talking about money regularly allows for better understanding of the process and also allows for deeper knowledge of what you are doing with and for your situation. 

He introduces bare foot dinner date nights every week at the beginning and then monthly. During the date nights you read a chapter of the book which outlines a specific process, and work through the steps.  

Now I know what you’re thinking, that this sounds like smoke and mirrors, but I am telling you as someone who needed financial guidance and who used this process to effect, it works. 

But with all things you have to be disciplined to make it work. 

Buckets and accounts

piles of coins and a jam jar - Part 2 - The Tesla Saving Strategy
Image by Nattanan Kanchanaprat from Pixabay

Part 2 – The Tesla Saving Strategy

He talks about different buckets for your money, 

  • Blow
    • Your money, pay to pay, to do with what you want. 
  • Grow
    • Savings that allow you to save for retirement and big events. 
  • Mojo
    • Emergency back up money to replace your credit card bill. 

Reference “The bare foot investor” 2018, Scott Pape.

He then talks about setting up different bank accounts including:

  • Smile – (10 % of wage after expenses accounted for)
    • Saving for big things like holidays and cars. 
  • Splurge- (10 % of wage after expenses accounted for)
    • Money to enjoy between pays, everyone needs some flash money. 
  • Fire Extinguisher (20% 0f wage after expenses accounted for)
    • Increase your ability to pay down debt

Reference “The bare foot investor” 2018, Scott Pape.

Like I said his strategy is simple yet effective. 

So, with this strategy I am confident that within the next couple of years I might just be able to get enough money in my Smile account to be able to afford a Tesla. 

Scott Pape also looks at Superannuation, Investing and saving money on bank accounts and the like. This book has helped not only me, but many others get financially stable and work towards a better financial future. 

Beginning the journey

As I start part 2 – the Tesla Saving strategy, I know I will ebb and flow with the tide to get a big enough deposit to make it work. 

Life is tumultuous, dynamic and stressful but ultimately if you can stay the course, manage what you have, the best you know how and look at the goals you want to reach anything is possible. 

Thanks to the barefoot investor, Scott Pape, for writing the book and allowing me to grow my understanding of simple money management. 

I know somewhere in the coming years I will be driving my Tesla and knowing that my family and I have worked hard to make a dream a reality. It will also mean I can enjoy doing my part to help the environment and the future of our children. 

Dave

Disclaimer

Hope you enjoyed the ideas and within the Part 2 – The Tesla Saving Strategy and hope that this helps to give some ideas on how it is possible. All information within this blog relating to Scott Cape is my own thought sea feelings. I have referenced his book and have not been sponsored in any way.

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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Part 1 -Dave’s Journey to owning a Tesla

Lets’ Begin

Dirt road and the word start
Image by Gerd Altmann from Pixabay 

Part 1 -Dave’s Journey to owning a Tesla, I started this Website and Blog as a way to be part of something greater than myself.

What I found was a group of people just as passionate. Passionate about improving the environment and enjoying the cars whilst they do it. 

I have written this blog for over 18 months now. During that time I have had a second goal that I want to achieve. Owning my own Tesla. 

Tesla 

tesla model 3
Image courtesy of Tesla.com

Tesla Mission is the transition, of the world, to sustainable energy and transport. This mission aligns with my passion for all things electric cars and improving the future for our kids and generations beyond. 

But as many would know owning a Tesla in Australia is not so easy. The cost alone is high and there are too few incentives provided by the government. 

However, I am not swayed!

My passion to own a car that does not pollute when driven, has safety and technology at the core and can drive for over 500 km’s on a single charge just inspires me to begin the journey to ownership.

It is truly the iPhone of the motor vehicle world. 

Dave’s Journey to owning a Tesla

road with words follow your passion

So, my original plan was to get solar panels, then, a battery, followed by the Tesla. I have so far had solar installed a number of years ago and have not quite had the opportunity to get the battery installed. 

But if I am to own a Tesla, I need to start to put the pennies away.  

So, I am writing this new series to outline my process of getting there. 

It will be my mission to update you with my strategies, ideas, and outcomes, regarding how I am going with saving for a Tesla. 

By saving some money, over time it will allow me to grow a big enough deposit that the loan amount and repayments are manageable. Then we can look at the best loans.

To own the car sooner rather than later would be ideal, so I will try different strategies of maximising money. Any opportunity that i can earn more money through being thrifty or odd jobs I will write about here.

The goal is to show, and explain, how it is possible by showing others that it is, possible to own a car that could and has changed the future. 

My Starting Balance 

My starting balance is zero ($0) dollars which means that I am starting where most people start, at the beginning of a journey not knowing what’s to come, not sure where it will take me but excited by the possibilities that I have before me. 

A few months ago I had a response from Elon Musk around the prices in Australia. Since then a lot in the world has changed. So I have decided to work towards my goal.

I know the car I want, it is a Model 3 Long range, Red with Full Self Driving. It totals currently at AUD $113,000 drive away. 

break down of price for Long range model 3
Courtesy of Tesla.com

The performance model 3 was considered but due to price and the fact that I live in Australia and distance is king, I decided that the long range still has all the bells and whistles I need. 

Of course, I do like the base model with no bells and whistles that costs $88,000 drive away and most likely will be the one I end up with as the price hopefully will be more manageable. 

(insert image)

breakdown of price model 3 standard range plus
Courtesy of Tesla.com

But ultimately, I want a Tesla, sure there are other electric cars I could choose, and they are priced similar or a little lower than the Tesla however I have looked at them all and my heart is still set on a Tesla. 

So, I hope you find my blogs interesting, inspiring, practical and helpful. This is a journey we can share and I hope you follow along.

Part 1 – Dave’s Journey to owning a Tesla is my ideas and thoughts, I am not providing any financial advice or making any suggestion that I am an expert, I am just sharing my experience and passion for working towards a goal of mine.

So, thanks for sticking with me so far. The best is yet to come. 

Back to the beginning of where all good ideas start, an idea, a promise of what’s to come with savings, our passion and our love for Tesla and electric vehicles together we can achieve great things.  

Dave 

David McCann
David McCann

EV_HQ founder

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