i am in disbelief that Cathie Wood could have made such a fundamental error. The best I can come up with is that she was trying to say that OTHERS in Wall St were conflating a new $25K car with a big reduction in the Model 3s price, but there’s nothing in the tweet’s wording to bolster that “others” theory.
Yes it does make you wonder whether she was even watching battery day. I love Ark Invest but this is a big clanger.
Buzz made the point above with Gali having the chance to ask any Q at all about battery day, and then asking about electric airplanes...
Now, Tesla investors are feeling very self congratulatory at the moment, and some of it is well deserved, but the above are examples of people not understanding the details and getting carried away, from two of Tesla's biggest advocates!
Battery day was awesome and is a big positive whichever way you look at it. Just how positive battery day is depends on:
1. The stacking up of benefits
Is it 54% range increase OR 56% $ per kwh reduction OR 69% capital investment reduction, or as others such as Now You Know have reported, is it 54% range increase AND 56% $ per kwh reduction AND 69% capital investment reduction.
I believe it is the former which is fantastic, if it is the later then Tesla will become the biggest company in the world within 5 years!
2. Have Tesla already invented the industrial processes to get these figures and now its a case of scaling up?
Or are the processes a mere twinkle in Elon's eye.
And how far along is each of the processes e.g. anode, cathode, new battery, integrated design etc.
If the new batteries are already in the Q4 Model S' but with old anode/cathode tech then awesome, or is that that they have made tons of the new batteries but entirely for prototype vehicles? The share price dropped following battery day because it sounded like these innovations were three years away, but I think the message is that it will be three years until the ENTIRE SYSTEM is ready i.e. all innovations are at full production and working together, but some of the innovations are already in production