My take is, human will runs out of materials to make lithium batteries before they ran out of fossil fuel. 

New breakthrough is needed for energy storage, better battery. 

Or, if we increase the density of charging stations and charging speed, then batteries on cars can be made smaller, just more frequent charging. Like driving V12 Ferraris, 5 min stop for gas every 250km isn't that bad. Or, if all cars are hybrids, then the fossil fuel will also longer and raw materials for batteries can last longer too. Win win again.

 

On a side note, Tesla is suppose to be on track to delivery half a million cars this year. Toyota give or take sells ~12 million a year. So it takes Toyota ~2 weeks to sell the same amount of cars Tesla sells. If Toyota is valued like Tesla, then it will be worth ~4.4 trillion. Or put it the other way, Tesla should be worth ~$16billion instead of $400billion. ~$17 per share at current price level. That's how far apart reality is vs Tesla valuation.

 

 

 


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