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. 

Through the roof

Tesla Model 3 driving down dark road
Photo by Dylan Calluy on Unsplash

Through the roof, what a week. 

This week has seen one of the most thrilling weeks in the Tesla stock price I can remember since taking an interest a number of years ago. 

Stock Price

I am a small investor as I don’t have a lot of money to throw at Tesla, but I am an avid fan. This week I have watched in awe at the original people who got on board of the Tesla Train back when the share price was around the $150 mark.

They bought what they could and when they could for many years hoping that one day the vision that Elon Musk kept talking about would come true. 

Well this week was that week for many. Most of the people who posted on twitter were just simple average people who put money in and now they find themselves with bigger than expected outcomes. 

Some have cashed in and made their lives easier. Other have decided to keep ongoing on the Tesla train and most have taken some and kept some. 

I too have had a small amount that has grown with them and in a small way I have enjoyed the ride. Would I have liked to have more invested? Yes of course but like I have said before I am an average guy. 

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The word Future with man Creating it

Tesla Future

The reality of what Tesla can achieve is always going to be one of my passions not just because of the Stock price but for the amazing technology they produce. 

Tesla is just about the split their stock so that the price is lower so that more “retail “investors can get on board. I will take advantage at that time as well and grow my footprint of how much stock I own. 

I am truly excited for what is coming down the pipeline and for Tesla going through the roof.

  • Possible inclusion in S&P
  • Tesla Battery and Investor day 
  • Release of Model Y to the rest of the Globe including Right Hand drive Countries. 
  • Cyber truck release
  • Semi Release
  • Cyber Quad (if this ever happens)
  • Roadster

These are just some of what is yet to be realized with Tesla. 

I have no doubt that Tesla will continue to innovate and grow their ideas and footprint globally. That is why I am a fan and someone who is loving the ride. 

I will in the future own a Tesla so I can share my passion for the cars and brand. 

Tesla will continue to be a company that leads the way into the future that as a kid I was always promised. 

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I cannot wait to see what the stock price does next and how others are rewarded for their passion and support of Tesla. I hope that it goes through the roof.

Dave 

David McCann
David McCann

EV_HQ founder

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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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The long road

long road running off in the distance and sunset

The long road, each car we drive has an impact upon our souls. 

Being 5 

As a young man I would dream of driving cars through rough terrain and battling against wind rain and hail. I would be making some amazing jumps and maneuvers that made me the best driver in the world. I was 5 after all.

My imagination ran a little wild when I was 5 going on 25 but man it was fun imagining the ultimate machine. Of course, I have never owned was is considered an ultimate machine but at least I can still imagine. 

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My Dad

I have always liked cars and when I was young it was any car that my dad would point out. These days those cars are considered classics or bombs, depending on their condition. But to me they are the cars of my childhood and they left a mark. 

My dad drove many cars over the years. But the most interesting and awesome of these cars came in a small package. 

classic mini in brown
Image by MikesPhotos from Pixabay 

A classic 1975 Mini – brown. My dad had this car for many years, and he drove it into the ground. This car was always fun to be in. It was low to the ground, went superfast and had some interesting interior. 

It was a work horse of a car, but it was lots of fun and my dad loved it.

At 5 years old any car was fast, and the interior was interesting because it had very little in it other than an am radio and a gear stick that came up from the floor. The seats were vinyl and the boot opened down.

This brown mini was the first of 2 mini’s my dad owned. He also spoke of the VW beetle he owned and how it was the best car he owned. I don’t remember the beetle, but my dad has talked on and off about it over the years. 

VW beetle Classic Purple
Image by Vahid Kanani from Pixabay 

These cars had good memories for my dad and because of his impressions and love for the cars it influenced my car passions. 

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My first car

My Dad allowed me to take over the second mini as my first car and I can tell you that it was a fantastic car. 

All cars have their quirks and this mini was no different. But the fun, stories and quirks made the experience all the better. 

Hanging out with friends who also drove mini’s and the good times we had catching up because of these cars made the experience leave impressions on my soul. 

When driving the mini I was close to the ground and could feel and hear every bump and roll of the car. It was small, comfortable and just downright fun. 

The long road calls back to the long road taken to get to where I am today but to the long road to own a car that makes me feel the way I did when I first owned the Mini. 

Feeding the Soul

Model Y Roof panorama
Image courtesy of Tesla

I have test driven a Tesla model 3 and I can say without any doubt the model 3 reminds me of the original mini. Minimal interior, power when you need it and not much else. It reminds me of the passion I have for cars and the fun that I had in my early 20’s.

To say that cars leave an impression on your future decisions by taking you back to your youth is totally true. 

I loved the mini, and when I finally can own a Tesla, I too will love being taken back to my younger years to that feeling of passion, fun and exuberance. 

I hope I too can have the same influence and impact for my son when he starts to learn how to drive.  

Dave 

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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Offers of sponsorship and collaboration are welcome.

please contact Dave at electricvehicleHQ@gmail.com, on twitter @evhq2 or on the contact page of EV-HQ.com.

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

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Part 4 – Taking my own advice

(Dave’s Journey to owning a Tesla)

Red model 3
Photo by Vlad Tchompalov on Unsplash

Welcome to Part 4 – Taking my own advice, just like parts 1-3 of Dave’s Journey to Owning a Tesla we have discussed the ins and outs of why I want to own a Tesla.

I offered up some good tips and ideas on how we can find ways to earn more money to grow our fund for Tesla. 

In Part 4 Taking my own advice, I start to explain some of the ways I have started to accumulate the funds that can help to grow my Tesla fund. 

Of course, like any discussion that starts when you are wanting to prepare to change the way your money is divided up watch fortnight or month depending on when you are paid, you have to discuss it with your partner. 

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Share the passion

In my case I sat down with my wife like we do regularly and worked through how we might put money aside to start the ability to grow our saving for a car. 

This conversation focused on finding flexibility in our budget to allow for a separate amount of money focused on delivering a car down the track. 

Barefoot process helps

As I have mentioned before we follow the Barefoot investor formula. One of the benefits to this is we have a very clear picture of where our money is distributed and where we might be able to make subtle changes to allow for this money. 

We found an amount that both of us were comfortable with and we started to plan ahead. 

But of course, this was never going to get a Tesla in the next couple of years. So, I started to think like an Entrepreneur as I outlined in Part 3. 

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Think like an Entrepreneur

As you are well aware, I have created over the last 18 months a website and following on Twitter of people with like-minded ideas. We are passionate about Tesla and the electric vehicle future that is now in full transition. 

So, I thought how can I share this passion and generate small financial benefit in doing this. I had recently noticed a couple of people I follow had started their own merchandise store. 

So, I decided to do the same. 

Merchandise

It took me a number of weeks looking for the right way to create the merchandise shop. 

Many hours were spent putting together my store and the imagery of the store. But what took the longest was the selection of using the Spreadshirt site. 

There are literally hundreds of these stores online and of course not all are equal. I chose spreadshirt based upon a recommendation. So far, they have been a simple yet effective way of planning my store. 

The other key part was to allow it become part of my website not just another link but embedded. 

Spreadshirt does all of this with Word press which my website is hosted by and allows it to be a store on a page. 

It was always my plan to give a good choice of products for people to access. I will continue to review and update this store over time. I hope it will allow others to enjoy and share with me and my passion for electric vehicles. 

Dave 

David McCann
David McCann

EV_HQ founder

DAVE’S Blog posts

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The EV industry is evolving

Image by Tayeb MEZAHDIA from Pixabay 

The EV industry is evolving. Electric vehicles have started to become more mainstream. This has been much more apparent in recent weeks with the introduction of the new electric vehicles from car manufacturers. 

Nissan showed the world their new vehicle the ariya. This is a SUV cross over vehicle designed to compete with the likes of the Model Y.

Nissan Ariya
Image courtesy of Nissan.com/Twitter

It is fair to say that they have the best opportunity to step up as they have had previous success with the original Nissan leaf and more recently with the New Nissan leaf.

China has also been rolling out new products to the market in the last couple of weeks Lucid motors, Xpeng and a flurry of others have all introduced vehicles to the market. 

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Why now?

The EV industry is evolving which is why 2020 was always going to be the year of the electric vehicle. 

In 2018 there were a number of car companies that introduced their idea of what the electric vehicle could be.  The concept electric vehicles were futuristic and feature rich.

It was the beginning of the evolution of the motor vehicle and a push into the future of transportation. 

A pivitol change year for the car industry. 

As it turns out it was to be a change year for more than the car industry. However the rise of the corona virus ( COVID_19 ) put a fly in the ointment. 

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2020, Not what we expected

With the isolation and social distancing that occurred a lot of people and products were put on the back burner.

Some companies have been able to release their products and adapt to the changing environment whilst others have been delayed.

Suppliers were not able to supply the key components of the new cars as they too were impacted.

It is difficult to build a car when you are reliant on other manufacturers to deliver components for your cars. 

One of the car manufacturers that has not been as challenged has been Tesla. Yes, they had to shut down and Yes, they had to abide by social distancing rules but they have adapted and risen to the challenge. 

One key part of their success has been their use of robotics and also good management of the environment their staff were returning to. 

Tesla Return to work playbook https://www.tesla.com/sites/default/files/blog_attachments/Tesla-Return-to-Work-Playbook.pdf?redirect=no

The factory has continued to deliver cars over the second quarter of the year which surprised everyone as the outcomes of deliveries where larger than expected. 

Even though we as a global society have had to change how we think, live and work in the last 6 months I believe this is only going to make us more resilient, resourceful and conscious of the outcomes, of our actions and our ability to see the possibilities in what we can do to make our lives and the future a better place to be. 

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

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