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RE: Is Tesla The BIggest Meme Stock

in LeoFinance3 years ago

Yeah battery technology or rather the promice of it I feel is way overblown, even if someone were to develop superior battery tech I think those resources would be used more for things we use constantly and each day like computers and smartphones over that of a car

The batteries have so many physical limitations in its current format and people just assume anything can be improved exponentially technology is not information, its not tacking on a few extra servers, there's actually laws of physics that limit what a battery can do

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On top of that, the batteries are made using toxic chemicals and/or metals which aren't easily recyclable.

Another problem is that electric cars are made to emulate certain kinds of vehicles which detract from their good qualities as electric cars:

  • An electric car which can reach 300kph in 4 seconds is absolutely awesome, but it's overkill;
  • An electric car which can go 500 kilometers between charges is definitely amazing, but the battery power needed to make that possible would make the car itself weigh as nuch as a tractor or bulldozer.

Electric cars are best for short-range travel, and that means lighter batteries, which result in overall lighter weight for the vehicle. This makes the electric car a cost-effective option for people in cities and metro regions. It can even lead to electric cars being used like electric bicycles: use them as needed, swap them out when necessary.

The lighter-weight electric car would also be much cheaper than what is offered today in the West. For long-haul travel or cross-country road trips, hybrid cars would be better. If hybrid vehicles are anathema, compressed natural gas or liqified natural gas can be used as a cleaner fuel than gasoline or disel fuel.

As long as Tesla sticks with its unique selling proposition-- powerful and sexy electric cars-- it will be a meme stock company.

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