I almost got sucked into this story.
Pop quiz, quick: tell me what's wrong with this story. Here's the nub of the story. What's wrong with this?
He notes that the stock price is implying anywhere from a 40% to 110% market share based upon the average selling price. At its current average selling price of $57,000 and assuming 10.9 million car sales by 2030, that implies 42% market share, Trainer says. Tesla trades at 159 times forward earnings.
My answer tomorrow, if I don't forget. We've talked about it before. In fact, we've mentioned it numerous times on the blog.
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"Green" Hydrogen
How it works:
- wind and solar renewable energy to provide electricity...
- electricity carried down transmission lines to hydrolysis centers ....
- electricity carried down transmission lines to pumping stations ...
- water pumped from source to hydrolysis centers
- hydrolyze water ...
- electricity sent down transmission lines ...
- electricity powers EVs
Or:
- crude oil...
- refined ...
- product powers ICEs
Intermittent Hydrogen, that what is wrong.
ReplyDeletedon
That's exactly correct. Those hydrolysis centers would "demand" a reliable, uninterrupted energy source.
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