Just a reminder that while you may be enamored by Elon Musk the CEO of X/Twitter, Elon Musk the CEO of Tesla is still the greatest showman since P.T. Barnum.
CNN (3/3/24) reports: "Back in 2019, Elon Musk made an astonishing claim for Tesla vehicles. Tesla cars, he said, would go up in value, not down, after purchase. The reason for that is Tesla’s full self-driving capability that, Musk has said, requires only some additional software updates and regulatory approval before Tesla vehicles on the road today will become fully independent. He repeated this claim as recently as June 2023. 'You can think of every car we sell or produce that has full autonomy capability as something that in the future may be worth five times what it is today,' he said in the company’s third quarter, 2023, earnings call. And not only would the price of a used Tesla go up, but Musk also predicted a world in which Tesla’s driver assistance suite, which the company calls 'Full Self-Driving' despite not fully self-driving the vehicle, would on its own be worth $100,000. Because, with regulatory approval, your self-driving Tesla would be able to go 'work' as a taxi on your behalf. All you’d have to do is sit back and collect the cash. But four years after Musk’s 2019 prediction, the average used Tesla Model 3 is selling for $29,000. And regulatory approval for FSD has not arrived, either, as the company incrementally attempts to improve the software...Brayden Wall, who lives in Colorado, bought a used 2020 Tesla Model 3 about two years ago for $51,000. He recently offered it at a Tesla dealership as a trade in, he said, and was offered only $22,000 for it."
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"The big problem with wind and solar power, of course, is that they don't work when the wind doesn't blow or the sun doesn't shine. Sometimes that happens when people most want heat or air conditioning. Increased use of 'renewables' is why blackouts are more common in California. Bloomenergy says there were over 25,000 in 2019—thousands more than the previous year.
– John Stossel, Reason
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