Jim Fernandes wrote: > Imagine you buy a car that drives purely on batteries. You drive from Los > Angeles to New > York and pay almost next to nothing to power your car! On a long range trip > such as this, > when the car runs short on charge, all you do is, drive to a nearest charging > station - take > a bathroom break or a coffee or smoke a joint or do whatever fancies you - > for about half > hour - while the car charges nearby - and then, off you drive again.
Folks, Let me assure everyone here that if you are caught in the USA driving a car "under the influence" you get fined and/or go to jail. I find it disappointing that Jim Fernandes views an activity such as smoking a joint and driving, so frivolously. >So, how much do you pay to charge this car? >Zero .... nothing!!! Ok, let me try and explain this to you, Jim. Just this week there was an article in one of the Toronto newspapers that explained the technology that enables a bus to recharge the batteries that power it, in a few seconds. This technology allows for a city to build (re)charging points at almost every bus stop to service a fleet of buses. Electric buses = less pollution. The issue remaining is the costs. Costs is the very problem that has defeated every electric powered car/bus till today. As an example, I spend $100 per week paying for the cheapest fuel for my car. That totals to $5,000 per year. Five years of fuel will set me back $25,000. The battery for the Telsa vehicle costs $30,000 today. In other words, when you buy a Tesla vehicle you are paying for 6 years of fuel in advance. If that seems like a good deal to you, you will also believe that it costs nothing to charge the car. > I expect Americans to begin purchasing these cars en masse when the price > point comes below $30,000. Currently, these models sell for about $70,000 > so they are bit expensive. > >But that's not all - you are missing the main part of the story. It is not >gold that is going to make you rich. To me, gold is a dead investment that >can't do crap. It's the investments in edgy companies that has the most >potential to deliver the goods. > >For the price action of Telsa click below and study its gain since Jan 2013: >https://www.google.com/finance?q=NASDAQ%3ATSLA&ei=_eWnUYCXIs3D0AGKVA Inventors have been promising investors electric cars for the past 100 years. If you are convinced that this is the very one, yes, bet your money on it. A word of warning though, Telsa has a float of 78 million shares. The short position is 32% of the float. In other words, people have bet 2 billion dollars that this company is not worth the $97 dollars it is trading at now. Lastly, the 12 month target price of the professional analysts that cover this stock is $72.30. Tesla closed at $97.76 today. Lets see, if you buy the stock today and the the analysts predictions come true, you will lose only 25% of your bet. Mervyn1650 "If you do not change direction, you may end up where you are heading." - Lao Tzu -
