Tesla Changes The Reality Distortion Field
As I got up this morning, I noticed a 10 minute Youtube summary of the Tesla Semi Truck unveiling. I found it extremely interesting.
As one of the most watched charts in the market, Tesla’s stock has been under pressure. Elon’s ability to communicate a future vision is outstanding. He has so many believers following his perspective. I used to be a fuels and lubes rep calling on large commercial road transport trucks for Western Canada. I have a little knowledge of what is required for truck fleets, but it is a little dated. I was very impressed with the reveal and some of the concepts presented.
One example of remarkable engineering was hill climbing. A truck powering up a 6 degree slope at speed and being able to accelerate, was an engineering marvel. I drive through mountains all the time, and mountains are a challenge for trucks. In my former career, we did fuel tests with experienced drivers and some were so detailed, they would literally know what spot on the road they would need to shift down each gear. To have a truck do all the drivetrain management at speed, is truly amazing engineering.
Looking at the Tesla chart, it would appear to be no big deal. As this becomes more available, it could be a significant factor for Tesla share price. I wouldn’t use the chart to recognize what is happening behind the scenes. It might help build a base for the next climb on the chart.
I did notice solar stocks were moving this morning. The Tesla truck has a 1 MW charge. Solar farms are 15 acres/megawatt. A quarter section of land hosts a 15 MW solar array. Extrapolating a 1/4 section of land for 15 trucks is not going to be the long term solution. However, the management of this demand is going to be a big deal.
Enphase Energy is breaking out above resistance this morning. Beautiful!
SolarEdge is also breaking out of a trend of lower highs.
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This looks like a great time to get focused on the changes coming at us!