The future is electric?

Big Daddy

Super User
I subscribe to different investment information databases. Here is one view that I received in an email. It just reminds me that Tesla is running a scam like the Flipkart founders did. The opinion is more on the funny side.

It all calls back to mind the Bubblevision commentator who, a couple weeks ago, when Tesla (Nasdaq: TSLA) reported its numbers, chided Roger McNamee for being too “quarter focused” with respect to Elon Musk’s lemon.

The gist is Elon’s another brilliant disruptor who needs time to work his magic. And, therefore, Tesla shouldn’t be judged by ordinary standards of profitability.

Of course, Tesla’s quarterly look was not good… again. Never in its 14-year history has it generated an annual profit, and the couple quarters it did post in the green were down to government support.

As Wolf Richter noted, you could give Tesla infinite time because its business model is all about burning cash and winning praise from its wealthy customers:


Tesla lacks a viable business model in the classic sense. Its business model is a new business model of just burning investor cash that it raises via debt and equity offerings on a near-annual basis because investors encourage it to do that, and love it for it, and eagerly hand it more money to burn, and they’re rewarding each other by keeping the share price high. It’s just a game, you see. And nothing else matters.

And that’s the “beyond ridiculous” part.

Since 2009, Tesla has generated negative $10.4 billion of free cash flow. It’s been kept alive only by serial capital raises, billions of dollars of customer deposits, and billions of dollars more of supplier payables.

Its total debt currently stands at $13 billion. That’s up from just $370 million in 2009, and it’s on top of $2.2 billion of new equity issuance over the last decade.

Its net payables (that’s supplier payables and accrued expenses less receivables) were roughly balanced back in 2009. But, now, it owes a net of $4.6 billion to the supply base and other vendors.

That, folks, is a Ponzi scheme.

But, so long as Elon’s con holds, Tesla will take customer deposits, supplier IOUs, and investor funds faster than its helter-skelter factories and production systems can burn cash.

When Wall Street crashes again, though, and the U.S. economy lurches back into recession, Tesla will be in Chapter 11 bankruptcy in a heartbeat. Its preposterous $40 billion market cap will vaporize and send TSLA’s army of momo-lemmings into coronary arrest.

There’s only one reason this auto-wreck has lasted 10 years and burned through $10 billion of cash: the delusional belief in the power of the Federal Reserve to keep easy money flowing and forever putting off market crashes and economic recessions.

This “suspension of disbelief” and the destruction of honest price discovery in our financial markets is the ultimate downside of monetary central planning.
 

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Chinese Companies Are Dumping Low Quality Lithium Ion Electric Vehicle Batteries In India
भारत की इलेक्ट्रिक वाहन योजना को बर्बाद करने पर तुलीं चीनी कंपनियां, लगा रहीं ऐसे चूना
ऑटो डेस्क, अमर उजाला Updated Wed, 21 Aug 2019 01:28 PM IST

Electric car charging

Electric car charging - फोटो : Google


एक तरफ जहां भारत सरकार इलेक्ट्रिक कारों को बढ़ावा देने के लिए कई योजनाएं पेश कर रही हैं, तो दूसरी तरफ चीन की कंपनियां इलेक्ट्रिक वाहनों के लिए भारत में बेहद घटिया क्वालिटी की बैटरियां बेच रहा है। यह ठीक वैसे ही है जैसे चीन में खारिज हो चुकी सोलर किट को भारत में डिस्काउंट के साथ बेचा जा रहा था।


भारत में कर रही हैं डंप
भारत सरकार के अधिकारी इस पर नजर बनाए हुए हैं। चीन सरकार बैटरी निर्माताओं को नई टेक्नोलॉजी वाली बैटरियों पर भारी सब्सिडी दे रही है, जिसके चलते चीनी कंपनियां पुराने मॉडल्स को भारत में डंप में कर रही हैं। मिंट की खबर के मुताबिक भारत में इलेक्ट्रिक व्हीकल्स कार्यक्रम से जुड़े एक अधिकारी का कहना है कि बैटरी टेक्नोलॉजी लगातार बदल रही है। जिसके चलते चीन में दोयम दर्जे के बैटरी निर्माता भारत में ये बैटरियां बेच रहे हैं, क्योंकि चीन में उनका कोई खरीदार नहीं है।

सरकार को मिलीं शिकायतें
अधिकारियों का कहना है कि पुरानी बैटरियों का वहां कोई बाजार नहीं है, क्योंकि चीन नई तरह के इलेक्ट्रिक वाहनों के लिए बैटरियां बनाने में लगा हुआ है। उन्होंने बताया कि कुछ ऑरिजिनल इक्विपमेंट मैन्युफैक्चरर्स से उन्हें शिकायतें मिली हैं। वहीं एक अन्य अधिकारी ने भी इस बात की पुष्टि की है।

फेम-2 योजना को लग सकता है धक्का
चीनी कंपनियों की इस हरकत से भारत के इलेक्ट्रिक व्हीकल्स के कार्यक्रम को जबरदस्त धक्का लग सकता है। मार्च में सरकार ने इलेक्ट्रिक व्हीकल्स को तेजी से बढ़ावा देनने के लिए 10 हजार करोड़ रुपये की फास्टर अडॉप्शन एंड मैन्युफैक्चरिंग ऑफ हाइब्रिड एंड इलेक्ट्रिक व्हीकल्स यानी फेम-2 योजना शुरू की थी।

चीन नहीं दे रहा सब्सिडी
एक अधिकारी ने बताया कि चीन इलेक्ट्रिक वाहनों पर 2010 से सब्सिडी दे रहा है, वे पहले ई-स्कूटर्स में शॉर्ट रेंज वाली छोटी बैटरियां लगाई जाती थीं, जो 25 किमी प्रति घंटे की रफ्तार देती थीं। लेकिन अब चीन ने लो-टेक्नोलॉजी वाली इन बैटरियों पर सब्सिडी देने पर रोक लगा दी है। अब चीन केवल हाई-रेंज वाली बैटरियों पर ही सब्सिडी दे रहा है। हर साल वे नई टेक्नोलॉजी पर सब्सिडी दे रहे हैं।

सोलर पैनल्स में भी हुआ था यही काम
अधिकारियों का कहना है कि वे ऐसा पहले सोलर पैनल्स के मामलों में भी देख चुके हैं। इससे पहले भी खबरें आई थीं कि कुछ भारतीय कंपनियां कीमतों और समय के दबाव के चलते उनसे बैटरियां खरीद रही हैं। वहीं कंपनियों की हरकत को रोकने के लिए पहली एनडीए सरकार ने 2017 में घटिया क्वालिटी के सोलर उपकरणों को नष्ट करने का आदेश दिया था।

कड़े मानक बनाए सरकार
नीति आयोग की एक रिपोर्ट में कहा गया है कि इलेक्ट्रिक वाहनों की कीमतों में बैटरी काफी अहम होती है। भारत में ऐसी कंपनियों को बढ़ावा देना होगा, जो बैटरी कैमिस्ट्री के साथ कम कीमत और यहां के वातावरण के हिसाब से काम करें। साथ ही सरकार को कड़े मानक बनाने होंगे, ताकि यहां की बैटरियों की दुनियाभर में प्रशंसा हो।

टेस्ला भी फैक्टरी लगाने को तैयार
हालांकि भारत भी टेस्ला जैसी गीगा फैक्ट्रियों को बनाने की योजना को अंतिम रूप दे रहा है। जिसमें इन कंपनियों को कई तरह की आकर्षक छूट दी जाएगी। सरकार की इस योजना ने टेस्ला के साथ चीन की बड़ी बैटरी निर्माता कंपनी एंपेरेक्स टेक्नोलॉजी और बीवाईडी का ध्यान आकर्षित किया है और उन कंपनियों ने लीथियम आयन बैटरियां बनाने के लिए 50 हजार करोड़ रुपये का निवेश करने की योजना बनाई है।




भारत की इलेक्ट्रिक वाहन योजना को बर्बाद करने पर तुलीं चीनी कंपनियां, लगा रहीं ऐसे चूना
 

Big Daddy

Super User
These cheap quality batteries often explode or start losing charge very quickly. Dumping these batteries will soon contaminate India's groundwater supplies and cause birth defects. Quality batteries are expensive resulting in expensive cars.
 

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Rediff.com » Business » Soon, your Hyundai vehicles could come with e-scooter

Soon, your Hyundai vehicles could come with e-scooter

August 27, 2019 15:43 IST

When mounted on a vehicle, the scooter is charged automatically using electricity produced while driving, ensuring that the user can complete their journey seamlessly, using the e-scooter to reach their final destination after parking the vehicle.

In a first, Hyundai Motor Group plans to enable first- and last-mile mobility through integrating an onboard e-scooter with Hyundai and Kia vehicles.
When mounted on a vehicle, the scooter is charged automatically using electricity produced while driving, ensuring that the user can complete their journey seamlessly, using the e-scooter to reach their final destination after parking the vehicle.


Kia e-scooter


For this purpose, Hyundai has developed a prototype electric scooter.

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Building on its initial concept presented at CES 2017, the new model boasts rear-wheel drive, a highly-capable lithium battery and is equipped with two stylishly curved front LED headlights, and two rear tail lamps.
The latest version of Hyundai’s e-scooter features a 10.5 Ah lithium battery which enables the scooter to achieve a top speed of 20 km per hour and is sufficient to power the scooter for around 20 km on a single charge.


KIA e-scooter


The 2019 model’s shift from front-wheel drive to rear-wheel is key in enhancing safety and stability as it positions the passenger's weight near the rear, the company said. Additionally, the group’s engineers have added suspension to the front wheel to provide a smoother ride, even on rough surfaces.

The vehicle-mounted electric scooter. Video: Courtesy Kia Motors Corporation.
DongJin Hyun, head of Hyundai Motor Group Robotics Team, said: “This is the vehicle-mounted personal scooter which could be featured in future Hyundai vehicles. We want to make our customers’ lives as easy and enjoyable as possible. Our personal electric scooter makes first- and last-mile commuting a joy, while helping reduce congestion and emissions in city centres.”


e-scooter


Weighing around 7.7 kg, the scooter is highly portable, given its compact tri-folding design.
The e-scooter also features a digital display that shows battery status and speed.


Rajesh Karkera / Rediff.com in Mumbai


Soon, your Hyundai vehicles could come with e-scooter
 

Big Daddy

Super User
This generation of innovators show their stupidity. Already people do not get enough excercise. Whatever walking excercise people get walking from their cars to work will be replaced by these things? No thank you! I think we are living in times where rejecting innovations would probably make our lives happy and healthy.
 

Theloststory

Well-Known Member
These scooters are very popular in the west. Cities like LA or Berlin, however well connected they are with public transport, one does end up walking 7/8km a day. Often it’s just faster and more comfortable to take these on rent hop on hop off leave anywhere electric scooters.
 

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CM Nitish Kumar reaches state assembly in electric car
Faryal Rumi | TNN | Updated: Jul 26, 2019, 7:30 IST

PATNA: Chief minister (CM) Nitish Kumar launched the state’s first electric car on Thursday. He even reached the legislative assembly from his 1, Anne Marg residence in the vehicle.
In a statement issued on Thursday, the CM pointed out that electric mobility was an attractive, sustainable and profitable way to deal with the threats posed by vehicular emission. “It is a step towards a clean and green environment,” he said.
According to transport secretary Sanjay Kumar Agarwal, the government can rent electric cars for its officials at a cost of Rs 22,500 per month for a period of five years. “The step will help curb pollution and protect the environment. Those, who wish to buy the car, can book it at any showroom by paying Rs 11 lakh,” he said, adding, “The government is promoting the use of electric vehicles using green technology by giving a 50% rebate on road tax.”
At present, six electric cars have been procured from the Energy Efficiency Services Limited (EESL).
“The government has signed a five-year agreement with the EESL and will procure more electric cars in future. The firm will first install three charging stations at the CM office, Secretariat and Vishveshwarya Bhawan and later identify 10 more locations in the city for the purpose,” Agarwal said.

The transport secretary pointed out that the government had been actively taking steps to create a healthy environment. He said, “The growing fleet of vehicles as a result of mass urbanization has led to high levels of pollution in the state capital.”
Electric vehicles are cost-effective and environment friendly. They save fuel and reduce noise pollution. “Every electric car can save 2,500 litres of fuel every year,” Agarwal said.



CM Nitish Kumar reaches state assembly in electric car | Patna News - Times of India
 

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More electric vehicles in Patna soon
TNN | Updated: Aug 28, 2019, 7:17 IST

PATNA: The state government is procuring six electric vehicles, including the one for use by deputy CM Sushil Kumar Modi.
“Apart from me, the chief secretary will also use electric vehicle. The remaining four vehicles will also be used by either senior officials or ministers,” SuMo told this newspaper on Tuesday.
Sources said two electric vehicles have already been procured by the state government. “At present, two electric vehicles are being used by chief minister Nitish Kumar,” transport secretary Sanjay Kumar Agarwal told this newspaper on Tuesday.
Earlier, CM Nitish used first electric car in the state on July 25 for travelling to the state legislative assembly. He had said that electric mobility was a step towards clean and green environment.
“People can also buy electric vehicles from Energy Efficiency Services Limited (EESL). They can take these vehicles on lease as well,” Agarwal said and added: “In a bid to promote electric vehicles, the state government will provide 50% rebate on road tax and GST to the buyers.”
Agarwal also said EESL will set up 10 direct current (DC) charging stations in different areas of Patna. “The electric vehicle owners can use domestic charging points as well. However, for fast charging, they should use charging stations,” he said.
Meanwhile, the transport department has also taken a few steps to reduce air pollution caused by vehicles in the city. Agarwal said the initiative is aimed at promoting the use of pollution free fuel in vehicles. “Steps are being taken to convert vehicles to CNG. The trial of CNG conversion has already started,” he said and added: “CNG vehicles are not only pollution-free, but also 50% cheaper in running than petrol and diesel vehicles.”
Two CNG refilling centres have already been set up at Raja Bazaar and Bypass Road. Three more CNG stations are being set up, Agarwal said.

Boring Road resident Aman Sinha said Patna is a polluted city. “All of us should help the government in reducing pollution,” he said.
“I really appreciate the state government’s initiative to promote electric and CNG vehicles,” said Ruby Verma of Saguna Mor.
 

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Ludhiana Police inducts special E-bikes for patrolling - #Punjab News
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Ludhiana (Punjab) Dec 19 (ANI): To promote healthy environment and saving petrol expenditure, Ludhiana police has inducted E-bikes for patrolling the city.
 
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