Tesla is overrated in more ways than one. I see its biggest weakness as battery technology.
Like all devices which use batteries, it takes time to charge them. Who has the time to fully charge a Tesla? Best case scenario is 30 minutes for a "quick charge." Who has that kind of time? Add to that lines forming to use the charging units on the road, and it's not a pretty sight. Charging a Tesla is most inconvenient.
People can say what they want about the evils and ills of gasoline (or even diesel fuel), but everyone can say that filling up a tank takes just a few minutes. Some trips to the loo take longer!
In China, the manufacturer of the Nio electric car went with a different refueling paradigm: just swap out the battery or batteries used by the car. The batteries get charged fully away from the car, wait times drop closer to what fossil fuels offer, and the recharged batteries get redistributed.
Tesla can't do that?
Should Tesla switch to that refueling paradigm, then it becomes a world leader in electric and hybrid cars. That would make it a serious company with a serious stock to offer. Until that happens, we can treat Tesla like a meme.
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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
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:
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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