LNG: TESLARATI

The owners of two Ford vehicles who parked their vehicles in Tesla Superchargers have been taught a valuable lesson: if one were to intentionally block a charging station while other EV owners are waiting to recharge their cars’ batteries, police may be involved. And when police get involved, inconveniences are very likely to happen.

Tesla Model 3 and Model X owner @dollarn9ne shared the incident on Twitter. After arriving at a Supercharger in Walnut Creek, California, he noticed that two Ford cars, a Mustang and a Focus, were parked in spaces that were specifically reserved for Tesla vehicles. The EV owner opted to ask the owner of the Mustang by telling him that the space he was parked at was reserved for Teslas. But instead of acknowledging his mistake and moving his vehicle, the Mustang driver reportedly gave the Model 3 owner a clear middle finger salute instead.

It was at this moment that the Model 3 owner decided that it’s best to call the authorities, especially since intentionally blocking an EV charging stations can give drivers a citation. Police eventually arrived after @dollarn9ne’s call, and promptly towed both the Mustang and the Focus away. Both drivers were also given a ticket, requiring them to pay the cost of the tow. A citation for knowingly blocking an electric car charging stall was added for good measure.

Some Twitter users familiar with the Walnut Creek Supercharger stated that the spaces were “Tesla Preferred” but could be used by anyone. However, the Model 3 owner explained that the side where he was parked was “Parking for All, but Charging Preferred,” while the two Ford vehicles were in spaces that were allotted only for EVs that are charging. This was why he only called the police on the Ford vehicles, despite there being a Lexus parked beside him.

The practice known as ICE-ing, or the intentional blocking of an electric car charging stall by an ICE vehicles, is unfortunately common. That being said, some ICE owners who willingly engage in this act do receive a good dose of justice from time to time. A Ford pickup truck in Berlin, Germany was recently towed for doing the same thing. After a mass ICE-ing event during a Yorktown, New York “Cars & Coffee” meet made the rounds online, the organizers of the group also mobilized immediately to prevent such incidents from happening again in the future.

ICE-ing is an issue that can be confronted and taken care of by local authorities. Unfortunately, there have been past instances where physical damage and acts of vandalism are performed on electric vehicles and Supercharger plugs. Thanks to Tesla’s Sentry Mode, many of these perpetrators have been caught and been forced to be held accountable.

Other practices, like “Coal Roll” type attacks have been performed upon owners of electric vehicles as well. Recently, a Model 3 Performance owner in Miami, Florida was subjected to this attack while driving to work in the morning on the busy I-95 interstate.

The powerful movement of electric cars is notable, especially considering the variety of attacks the vehicles and their owners seem to experience. In reality, these attacks are vicious and lead to inconvenience for everyone. There is an etiquette when it comes to charging and it includes being courteous to those who drive vehicles that differ from yours. It would not be advantageous for the owner of an electric car to park at a gas pump just to inconvenience someone. In conclusion, acts like this end poorly for those who choose to knowingly be ugly to owners of electric cars.

H/T to Iqtidar Ali

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Tesla’s (NASDAQ:TSLA) performance in the stock market has surprised many people. Very few analysts expected a small electric car startup based out of Palo Alto, California to become the highest performing automaker in terms of growth, total return, and shareholder value over the past decade.

Investors who have stuck with Tesla since the electric car maker went public in 2010 have seen their investments rise over 1,100%. Data compiled by Bloomberg showed that the auto industry, in general, has appreciated 158% over the past 10 years.

While Musk is seen as one of the most ridiculed automotive CEOs in the business, his company’s performance speaks for itself. After he was forced by the Securities and Exchange Commission (SEC) to pay a $20 million fine (on top of another $20 million that Tesla had to pay) for a tweet that allegedly “misled stockholders,” he still inspired confidence among Tesla’s investors. This seemed to have paid off for the company’s supporters, as TSLA recently had its shares spike to over $420 apiece.

Tesla’s sharp and consistent growth has given the company a ranking as the third-most valuable car manufacturer in the world with a $78 billion valuation. This figure trails only Volkswagen ($98 billion) and Toyota ($230 billion) among 38 total manufacturers in the world. Tesla is over 30% more valuable than General Motors and over twice as valued as the Ford Motor Company.

The company has also successfully outperformed some of the biggest and most consistent car manufacturers in the world in terms of sales. The Model 3 sedan has become the most popular vehicle in the United States’ luxury segment, beating veterans from Japan and Germany. Since the Model S first went on sale in 2012, Tesla has also seen its sales grow 52x (5200%) while the rest of the automotive sector has only seen a 46% growth.

In the past six months, TSLA shares saw a rise of 85%. This is so drastic that the company would have been the best performer in the S&P 500 if it was included in the esteemed list. This also allowed Tesla to be the top company among 38 of its peers that are listed in the Bloomberg Intelligence Global Automobile Index.

Despite the undeniable growth from the company, there are still analysts on Wall Street who believe Tesla’s growth is unimpressive and not worth mentioning. Kynikos Associates’ Jim Chanos stated that the electric car maker is still “one of our biggest and our best short positions.” Notorious Tesla short David Einhorn has insisted that the “wheels are falling off” of Tesla.

These shorts continue to believe this despite more than $2 billion worth of losses, particularly as the company has been in a rally since breaking the $400 mark in mid-December. That being said, some shorts have been leaving due to the damages they sustained, causing short-selling to drop around 9.2%, according to Bloomberg Opinion.

Tesla’s continuing growth is undeniable and forecasts suggest the company is not even close to finished. Bloomberg analysts suggest 14% more growth by the end of the year, 21% in 2020 and 18% in 2021. This is compared to an estimated 1%, 4%, and 3% growth for legacy automakers in the same time period.

The growth of the electric car market as a whole this decade is notable, to begin with, but Tesla seems to be responsible for the majority of this. With the carmaker now beginning to produce more than just fast and technologically advanced sedans, it seems another decade of growth is in the cards for the company.

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Tesla short sellers have been choking on over $2 billion in losses as Tesla share prices set record highs recently, even hitting over CEO Elon Musk’s once-take-private price of $420 per share on Monday morning. As the year closes, one can only wonder why Tesla continues to grow despite doubts from the company’s most dedicated critics. Over this time, Tesla has also engaged in a hiring ramp that increased its employee count significantly.

Thinknum Alternative Data finance editor Jon Marino zeroed in on how Tesla job postings are related to Tesla stock’s (NASDAQ:TSLA) soaring prices. Marino noted that the electric car maker’s job postings have increased 125% since the start of the second half of 2019. During the same timeframe, TSLA stock soared by as much as 75%.

“Musk has added more staffers to his manufacturing group in 2019 already, in part driven by 97% more postings since the year began. Across Tesla job posting categories, there are a handful of groups seeing more job postings since the year began, like supply chain, as well,” he wrote.

Tesla’s Gigafactory 3 in Shanghai and Gigafactory 4 in Brandenburg, Germany have the potential to add even more employees to the company as well. Aside from the role these facilities will play in spreading Tesla’s presence in the biggest automotive markets in the globe, they will also create new jobs. For example, Tesla is looking to hire more frontline workers for its Gigafactory 3 facility that aims to produce 250,000 and eventually 500,000 vehicles per year. Meanwhile, Tesla’s Gigafactory 4 will hire 3,000 workers to start and may later increase to 8,000 employees for the upcoming factory.

Tesla can be considered a trendsetter in the automotive industry. Beyond its amazing mission to achieve sustainable energy, it has been defying what has been happening to the rest of the automotive industry. As Tesla expands and hires more people, other American carmakers have slashed their workforces at a pace fastest since the recession about a decade ago. During the first half of 2019, car manufacturers have cut almost 22,000 jobs.

Tesla’s products are also well-loved by the market. In fact, the Model 3 is the best-selling electric vehicle in the United States this year and even bucked the EV sales slump in China, the world’s largest electric car market. Its products also redefine conventions, as evidenced by the Cybertruck. The polarizing design of the futuristic electric pickup truck has gained all kinds of opinion from all directions, but no one can deny how it almost instantaneously made autophiles go head over heels with it as the 250,000 preorders clearly suggest.

With everything in the pipeline, Tesla has not hit the ceiling. With new funding from Chinese banks to support its Gigafactory 3 in China, the smooth-sailing negotiations for the Gigafactory 4 in Germany, and the much-awaited Model Y and Cybertruck, one can only expect that more TSLA skeptics will be converted in the near future.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

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Tesla Model S taxis now roam the streets of Dusseldorf as local operator Taxi Norman added two electric vehicles to its fleet, with plans to add 50 Model 3 emission-free taxis in the next few weeks.

While the company spent 105,000 euros for each of the Model S taxis and 45,000 euros each for the Tesla Model 3 units, the German operator began the switch to a green fleet not only to be more environment-friendly but to boost profits as well. With the support of the local government, Taxi Norman will only spend around 35 euros ($38) to charge each Tesla taxi a month compared to 750 euros ($830) of fuel per month for each of its diesel units. Overall, it can save the company around 36,000 euros (around $39,000) when the fuel expenditure of internal combustion taxis is compared to the cost of charging the same number of electric vehicles.

Aside from saving on fuel expenses, Taxi Norman will also save its bank account from maintenance costs.  “The cars are also much easier to care for. An old car costs us 6,000 euros ($6,600) a year. The expenses are now gone. We also save on fuel costs through cheaper electricity, ” said Managing Director Erol Norman.

Likewise, customers welcome the development. “Anyway, my drivers are totally satisfied. Customers are so enthusiastic about the driving experience in the electric car that they give higher tips. One received a tip of ten euros for a trip that cost seven euros,”  Norman added.

The investment in a greener taxi fleet is highly appreciated by the local government. Local Council member and Chairman of the Environment Committee Philipp Tacer promised to initiate taxi regulations that will further benefit the likes of Taxi Norman that invests in electric taxis. The local government plans to build taxi stops that will be exclusive for electric taxis

Taxi Norman operates a fleet of 150 vehicles in Dusseldorf and plans to complete the switch to electric taxis by 2023.

Looking at the overall picture, Germany has an ambitious goal of cutting its greenhouse gas emissions by 40 percent compared to the 1990 levels come 2020 and one of its core strategies is to increase the share of renewable energies in total energy consumption. One crucial step in this strategy is to raise its renewable energy use in the transport sector.

While Germany delayed its goal of having one million electric vehicles on the road by 2020, the government shows great support for those who want to purchase EVs. Under a new agreement between the government and the car industry, Germany increased the subsidies for cars costing around $44,500 to around $6,700 from around $4,500. Incentives for pricier electric cars were also increased by 25%, however, EVs over 60,000 euros are not supported by the said program.

In the EU, the country is one of the frontrunners in the production of electric vehicles per capita. One can only expect a good boost in this aspect when Tesla begins the production of electric vehicles in its upcoming Gigafactory 4 in Brandenburg. The electric car manufacturer is just awaiting the last hurdles before clearing activities on the approved site begin.

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Tesla owners in Australia have banded together to help victims of the country’s raging bushfires, and to support the firefighter volunteers on the frontlines who are trying to keep the blazes under control.

Toby Patton, who manages the Twitter account Australian Tesla Owners started a fundraiser that will benefit the New South Wales Rural Fire Service. He created a GoFundMe account and aims to raise $10,000 for the firefighters. So far, the fundraiser has raised almost $1,300.

“The Australian Tesla Owners community is coming together to help raise funds for the NSW Rural Fire Service, we are aiming to raise as much as possible so if you or someone you know is able to provide a donation of any amount at all, it means that the NSW Rural Fire Service will be better able to attack the fires and provide better support to all residents of NSW,” the GoFundMe page reads. 

Likewise, Tesla owners from all over Australia launched the #FrunksUp4Fires campaign on Twitter, calling for donations for clothes, toys, non-perishable food items, toiletries, and other items that may be useful for the most vulnerable victims of the bushfires.

The date for the collection of the said items will be on Jan. 25 and donors will be able to put the items on Tesla frunks at a location that is yet to be determined. The group is asking for help from everyone who might have something to spare.

As of Sunday night, local reports say that there are still 98 fires burning in New South Wales with around 50 bushfires yet to be contained. In NSW alone, the Rural Fire Service (RFS) estimates total area burned to about 3.41 million hectares.

Firefighters describe the situation as unprecedented and catastrophic with a total of six deaths and 829 houses destroyed. Authorities have also issued travel warnings across the state and have urged Christmas travelers to delay their travels as the bushfires intensify.

“To put it in perspective, in the past few years we have had a total area burned for the whole season of about 280,000 ha. This year we’re at 3.41m and we are only halfway through the season,” said Angela Burford, a spokesperson of RFS.

The bushfires started in September and are expected to spread well past Christmas.

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