This past week, Tesla reported an increase in their production rate for the Model 3. At about the same time, Goldman Sachs set a target price for Tesla stock at $195 per share, even though Tesla stock closed up at $300.34 per share on Friday. The financial media keeps hitting Tesla with dire news reports, which causes people, who apparently can’t think for themselves, to panic and sell, before buying back again.
There are signs that Tesla is definitely making progress in their ramp-up of the production rate for the Model 3. In the past week, there have been 3 rounds of invitations sent to reservation holders, something that hasn’t happened previously. Normally, there is one batch of invitations sent during any week that they have been sent. Tesla sent invitations on or about April 6th, April 10th and April 13th. Some of the reservation holders that received invitations on April 13th had estimated configuration windows starting in May. That’s good news because perhaps my window, set to start in June, may actually be in May.
While much of the financial world is trying to beat down Tesla, they should be doing the opposite. Clearly, we cannot and should not be continuing to use 19th century technology to power our transportation in the 21st century. It is unfathomable to me why there are people who still believe that it is fine to pollute the Earth’s atmosphere by driving gasoline and diesel vehicles when a clean alternative exists, today. All car companies should be making the switch to electric-powered vehicles, but they are not.
Some car companies, like General Motors, sell electric-powered vehicles. However, the only car company, selling cars today, that is producing only electric vehicles is Tesla. General Motors makes the Bolt EV, but they make a lot more gasoline and diesel vehicles than electric.
Even if you choose to buy a car like the Bolt EV, you will have a difficult time using the car in the same way that a gasoline car is used, unless you never plan to drive farther than short commutes for work or shopping. With the exception of the Tesla Supercharger network, there is almost no infrastructure for charging EV’s.
Part of my morning routine is to scan YouTube for videos that pertain to EV’s. I watched a video this morning that was posted on the News Coulomb YouTube channel. This YouTube channel is maintained by a guy, who owns a Chevrolet Bolt and he posts videos about his experiences with the car. This video he posted in January really demonstrates why Tesla is the only game in town.
In the video, News Coulomb documented his charging session at an EVgo fast DC charger at the Oaks Mall in Thousand Oaks, California. When he arrived at the charger, his battery charge level in his car was at 1%. Clearly, he was in need of a charge. There are 2 charging stations at this fast charger. When he tried to use one of the chargers, the CCS connector, which the Bolt utilizes, was not working. He went to the second charger and was able to start a charging session. The charging station started supplying his Bolt with about 44 kW of power. In about 30 minutes, his car charged to 37%, at which time the charger stopped charging. Apparently, at least in January, if you charged at EVgo, it limited you to only 30 minutes of charging. How would you like it if you went to a gasoline station, intending to fill up your 15-gallon tank, you start pumping, and when you reach 5 gallons, the pump shuts off and says you can’t buy any more gasoline? In the video, News Coulomb reasoned that he didn’t need any more of a charge than that and he headed on his way.
Compare that charging session at the EVgo DC fast charger with a charging session at any one of the hundreds of Tesla Superchargers around the country. The EVgo charger dispenses a maximum power level of 50 kW and limits the charge to 30 minutes. Tesla Superchargers dispense a maximum power of 120 kW and you are not limited to how long you can charge. Even the Tesla Urban Superchargers provide more power at 72 kW. If you want a full charge, you let your car charge until it is full.
If you want to do the occasional road trip in your EV, having anything but a Tesla means road trips will be a serious challenge. Until someone, other than Tesla, installs a usable EV charging infrastructure, Tesla really is the only EV game in town. This is not a problem for me because I choose to drive 21st century technology and Tesla is my choice.