Tesla’s Q2 2021 earnings call indicated there is a 3-6 month delay in the 4680 production ramp compared to their prior statements. Previously Tesla had indicated that they would have 100 GW of batteries in 2022 while now they are saying they will reach a 100 GW per year runrate by the end of 2022. …
There is a new meme called “Cozy Futurism” which is pretending that there a choice between colonizing Mars and fixing Earth-based poverty, inequality and homelessness. I think they are basing this on the historical example of the European countries that did not colonize the Americas from 1500-1800 and solved inequality, poverty and homelessness. Oh that’s …
Elon Musk says that the Tesla AI day will be August 19. Tesla AI Day August 19th — Elon Musk (@elonmusk) July 29, 2021 There is a version 9.1 beta FSD (Full self driving) update coming on tomorrow. Several improvements coming via V9.1 on Friday at midnight — Elon Musk (@elonmusk) July 25, 2021 There …
The Tesla Economist calculates that Tesla could deliver 292000 cars in Q4 of 2021 and this would be $16.2 billion in automotive revenue. This would be $6 billion more quarterly than the blowout Q2 auto revenue just reported by Tesla. This would mean about $3.1 billion in net income in Q4 versus $1.3 billion in …
Tesla Texas and Tela Berlin factories could start production of Model Y vehicles in completed buildings while completing the rest of the factories. This would enable small pilot production of a few hundred to a few thousand vehicles in Q4 2021. Close observers of the new Tesla factory construction expect the main production ramps to …
Richer countries tend to converge their market exchange rate with their purchasing power parity exchange rate. As China has moved up from $1000-2000 per capita income to $12000 per capita income on an exchange rate basis the price level ratio is the ratio of a purchasing power parity (PPP) conversion factor to an exchange rate …
Bloomberg Economics has published a forecast which shows that China’s economy will pass the US economy in about ten years. However, they push a study by economists at the Chinese University of Hong Kong and University of Chicago suggested that between 2010 and 2016, China’s “true” GDP growth was about 1.8 percentage points below what …
Cathie Wood forecasts that as the world shifts to electric cars and trucks this will take oil prices down to $12 per barrel. About 35% of world oil is used for cars and trucks. A shift to electric cars and trucks will remove 35% of oil usage. If this shift is over 20 years then …
TerraPower hopes to apply for a construction permit in August 2023 and an operating licence in March 2026 for its Natrium fast reactor, according to a regulatory engagement plan (REP) it has sent to the US Nuclear Regulatory Commission (NRC). TerraPower and GE Hitachi Nuclear Energy brought together their decades of unparalleled design expertise and …
Rocket Lab, Blue Origin and Relativity Space and battling to be the second place US rocket company after SpaceX. Blue Origin has yet to launch commercial satellites. The plans is for a launch of a commercial sub-orbital passenger on July 20, 2021. The seat was auctioned for $28,000,000. Jeff Bezos and his brother will also …
Relativity Space has raised a $650 million Series E. They have raised over $1.2 billion. Relativity’s post-money valuation now stands at $4.2 billion. They will make the heavy-lift, fully reusable two-stage rocket called the Terran R. Their first rocket is the Terran 1 and it is scheduled for a first orbital flight at the end …
