• dependencyinjection
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    5 months ago

    How is this company still so valuable.

    I would buy literally any other electric car than a Tesla.

    • madcaesar@lemmy.world
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      5 months ago

      They have a huge head start. And their battery tech is top notch even if the rest of the vehicle is poorly build.

      I’d personally never buy one either, for multiple reasons, but most people don’t care/know about the shitty build quality, the shitty ai and the scummy locking features down remotely when you sell the car.

      • dependencyinjection
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        5 months ago

        Is the battery tech that good though? Genuinely don’t know.

        Seems other manufacturers have a huge head start in every other area of manufacturing cars and even if they still lag behind on battery tech, it won’t be long before they catch up on this one metric, whereas Tesla would have to catch up on every other metric.

        • frezik@midwest.social
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          5 months ago

          It was 5 years ago. Other companies are catching up.

          One place they aren’t catching up is non-SUV EVs. There are a few, but if you want an EV that isn’t an SUV with over 250mi range, and cross Tesla off the list, your options become real thin.

          • A7thStone@lemmy.world
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            5 months ago

            Options were really thin to begin with. Muricans love their huge ugly boxes. The options are getting much better now. With a quick search I found ten sedans shapeable in the states and crossing off Tesla removed three.

            • frezik@midwest.social
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              5 months ago

              But a lot of those sedans have range around 120mi, like the Mini EV or BMW i3. Many of the one’s that remain are luxury brands with luxury prices, like the BMW i7 or Porsche Taycan.

        • Audacious@sh.itjust.works
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          5 months ago

          Most battery tech is just lithium ion batteries wired in series, like 80 laptop batteries. They regulate the temps so that the batteries don’t degrade too fast. Battery tech hasn’t changed much in decades, so you will see the same problems on your phone battery on car batteries. So, no, Tesla battery tech isn’t special.

          I recently heard china is the first to manufacture sodium ion batteries for their consumer EVs. Sodium is supposed to be better, but I forget why.

          • dependencyinjection
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            5 months ago

            Thanks for providing these details.

            I guess Tesla really has nothing going for them now, other than investors want to get their money back and so the MSM isn’t going to portray the truth.

            • PersnickityPenguin@lemm.ee
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              5 months ago

              That’s not true, Tesla has figured out manufacturing and does so profitably. Unlike any other American based car manufacturer, Tesla is making a profit per unit and they do not rely on legacy ice vehicle sales to prop their balance sheets up.

          • MataVatnik@lemmy.world
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            5 months ago

            Really dubious on the sodium ion batteries. Last I saw there were still issues with the technology, primarily battery life. Unless there were some breakthroughs thay went under the radar.

          • Twista713@lemmy.world
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            5 months ago

            IIRC, the reason sodium batteries would be better is we have abundant stocks of sodium, whereas the raw materials for most other batteries are limited and require more destructive mining. John Oliver just covered some of this on his show last Sunday. If that tech can be improved, hopefully there won’t be any deep sea mining for more raw materials!

          • ShepherdPie@midwest.social
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            5 months ago

            Sodium batteries are cheaper and less volatile I believe but they’re also much less energy dense meaning you need a heavier pack to get a similar amount of range (which also reduces range from the extra weight). I think they’re better suited for stationary applications like solar banks and other energy storage solutions.

          • PersnickityPenguin@lemm.ee
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            5 months ago

            EV batteries are actually significantly different than the batteries in your laptop or phone, and are designed to have minimal degradation over many many years of use. The coolant loops also help to moderate the temperature between cells, which eliminates problems of hot spots and the heat stress that a phone battery will experience.

            For instance, my car has over 300 battery cells in it, which results in say a 100 MI Drive will only use each cell draining by about 1/3. The much lower cyclic rate on these cells results in a much longer lifespan, and the battery conditioning using liquid coolant is how they achieve that.

        • madcaesar@lemmy.world
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          5 months ago

          It is. Their cooling / heating system along with the battery is top notch. Others are catching up though.

          And yes in terms of fit and build quality most actual car manufacturers are ahead.

          Of course you also have Ford an ICE manufacturer that’s been building cars for centuries and still manages to produce shit with awful QA and constant recalls.

        • ShepherdPie@midwest.social
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          5 months ago

          Looks like only the S and X still use 18650s. The 3 and Y are using larger 2170 cells and apparently they’re also buying from LG not just Panasonic.

          • PersnickityPenguin@lemm.ee
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            5 months ago

            Some use the larger cells, but not all. They apparently are a bust and don’t offer increased energy density like they had originally claimed.

            The lfp cells come from China, and are now being heavily taxed.

    • PersnickityPenguin@lemm.ee
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      5 months ago

      They have the premier charging network in the United States.

      Unfortunately, nothing else comes close and probably won’t for a few years… Like 10 years at least. The US is probably a decade behind Europe’s electrification at this point, and about 75 years behind it’s rail electrification.

    • jubilationtcornpone@sh.itjust.works
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      5 months ago

      There’s a big difference between the market capitalization and book value. Tesla’s stock is probably way overvalued but I can’t say for sure since I don’t own any of their stock and haven’t looked into their financials.