Or methane......


"Not Shit! Energy!!

And more fun to be with!


So...you gonna give up on your F-100 and get a mule?
I hear they gots power steering...

Off topic...

When I hear or read this, it reminds me of this scene of one of the best ever movies made (in my opinion).

https://www.youtube.com/watch?v=3GWDwS2wKa4

Surprisingly, Tesla gave it's car owners another month trial of their Full Self Driving software (that needs to be supervised??). Now they have added another week of use because they have a new version of FSD being released soon.

Difficult to explain, and harder to get people to understand, is the scary level of competency the system has.

It drives me to work, the store, etc., and back having never touched the steering wheel. While it is not good at parking lots and one really does need to take over, it does handle downtown Dallas rush hour traffic with albom (scared the shit out of me too). It is aggressive and fast - in "standard" mode. I have not used the aggressive "Mad Max" mode. It just don't need it.

You can watch people using it on YouTube - doing demos - reviewing. But last week I took a couple of the boys at work to lunch and it nearly broke their water. In real life, it's difficult to believe.

I would be renting it for $99/month - but I work from home and just don't go into the office much any more.




Real twenty first century crap - you should check it out.

PM me if you want a demo - I have a referral code.

Tesla vehicles suffer fatal accidents at a rate that's twice the industry average, according to a new report.

Tesla's vehicles have the highest fatal accident rate among all car brands in America, according to a recent iSeeCars study that analyzed data from the U.S. Fatality Analysis Reporting System (FARS).

The study was conducted on model year 2018–2022 vehicles, and focused on crashes between 2017 and 2022 that resulted in occupant fatalities. Tesla vehicles have a fatal crash rate of 5.6 per billion miles driven, according to the study; Kia is second with a rate of 5.5, and Buick rounds out the top three with a 4.8 rate. The average fatal crash rate for all cars in the United States is 2.8 per billion vehicle miles driven.

The study also breaks down some of the data for individual models. The Tesla Model S has a rate more than double than average, at 5.8 per billion vehicle miles driven; meanwhile, the Tesla Model Y — the best-selling vehicle in the world has a fatal crash rate of 10.6, nearly four times the average. It ranked as the sixth worst vehicle overall. (The Hyundai Venue took the top spot overall, with a fatal crash rate of 13.9.)

The study's authors make clear that the results do not indicate Tesla vehicles are inherently unsafe or have design flaws. In fact, Tesla vehicles are loaded with safety technology; the Insurance Institute for Highway Safety (IIHS) named the 2024 Model Y as a Top Safety Pick+ award winner, for example. Many of the other cars that ranked highly on the list have also been given high ratings for safety by the likes of IIHS and the National Highway Transportation Safety Administration, as well.

So, why are Teslas — and many other ostensibly safe cars on the list — involved in so many fatal crashes? “The models on this list likely reflect a combination of driver behavior and driving conditions, leading to increased crashes and fatalities,” iSeeCars executive analyst Karl Brauer said in the report. “A focused, alert driver, traveling at a legal or prudent speed, without being under the influence of drugs or alcohol, is the most likely to arrive safely regardless of the vehicle they’re driving.”

https://www.roadandtrack.com/news/a62919131/tesla-has-highest-fatal-accident-rate-of-all-auto-brands-study/

Not my opinion...just found it on the interwebz...its all tubes.

https://youtu.be/_cZC67wXUTs?si=fjjcNu_9HkBzJp4q

So, two and a half years, never had to stop at a gas station. No oil changes. Maybe 25 cent on the dollar to gas…

Yeah, who the f*ck would want that?

Doc, does everything you “know” come from the internets?

The thread is about the FUTURE of electric vehicles.

After watching the BBC documentary on "artesian mining"...I for one would NEVER "want that". Ever. The thought of employing child labor, giving money to the CCP so they can build their military faster and wellljust being "trendy" doesn't appeal to me in any way, shape or form.

you need to assign positions for others this badly?

might as well post my opinions too, then you could always control any discussion or debate.
you can't seem to remember them anyway.

Hell, just post for everyone if it makes it easier for you to feel bright.

I also wonder about the new conflict Musk will now be causing.
Love him helping run the Government while he has made/will continue making billions of our dollars.
Yeah, put him in charge of slimming down government...what could go wrong?

He will make out like a bandit.

Tesla is a Tech company, not really a car company in the classical sense. They are owing chargers, home and industrial power walls, virtual grids, AI, robotics - and cars too. And there car are nothing like the competitions.

But Elon will fall inline with slowing EV sales and killing EV tax breaks.

EVs will slowly proliferate - like cell phones did. Most people have as much bad information as they do facts - by design. Just look at all the crap click bate; EVs burn, EVs kill children, they ruin the power grid, they make for vote democrat - basically anything to scare people away.

And if you say - "Hey - for 2-1/2 years its been economical and great", people like DMV will call you a liar.
My guess is DMV thinks he must stop EVs or he won't get into Dog Heaven.

Elon is in favor for ending the subsidies. If I had to bet on the guy...I'm willing to say he sells off the whole EV thing. He wants to get to Mars really bad. If it wasn't for his EV...he wouldn't be able to buy Twitter. If it wasn't for Twitter becoming real...Trump most likely wouldn't be elected.

I didn't call you a liar did I? No, I did not.

Nothing wrong with Dog Heaven.

Gee Frank, seems KingoftheCrapcave doesn’t like you thinking for your self.

Straighten up and fly, right, will you?

It was supposed to be the poster child of Europe's electric car future. Instead, it filed for bankruptcy this week, a poetic end to a company which has become synonymous with Europe's "green" debacle.

For Swedish startup Northvolt AB, the route to collapse started in June when BMW AG canceled a multi-billion order. Back then, few saw the significance of the move, which effectively started a countdown that would culminate in a Chapter 11 filing less than six months later.

As Bloomberg details, Northvolt scrambled to keep the financing flowing, but as Germany’s car industry fell deeper into a historic crisis, precipitated by a flood of cheap Chinese EV imports in the past three years...

... it became clear orders would dry up.

Setting off the infamous death spiral, the company responded to the lost revenue by retrenching expansion plans and slashing jobs. By the time the last attempt at an emergency plan failed, investors who had poured in $10 billion discovered only $30 million cash was left.

Northvolt’s filing for bankruptcy protection in the US, announced Thursday, marks one of the highest-profile setbacks for European industry against cheaper and nimbler Chinese and South Korean competition. The following day, co-founder and CEO Peter Carlsson, who only a year ago had been trumpeting Northvolt as a possible IPO candidate, resigned and warned the European Union risks falling behind on green projects.

The company needs as much as $1.2 billion to finance its new business plan, Carlsson said, telling reporters that “we’ll regret it in 20 years if we’re not driving transition” to clean technologies. Translation: I already spent all the money, but if European taxpayers don't pony up to maintain my spending habits, they will regret it.

In addition to BMW and Volkswagen, Northvolt’s top investors included Goldman Sachs’s asset management arm, Denmark’s biggest pension fund ATP, Baillie Gifford funds and a number of Swedish entities.

On Saturday, the Financial Times reported that funds run by Goldman Sachs Asset Management are set to write down almost $900 million at the end of the year. The total loss is a sharp contrast to the bank's bullish prediction just seven months ago which told investors that its investment in Northvolt was worth 4.29 times what it had paid for it, and that this would increase to six times by next year. Spoiler Alert: it would decrease by 100%.

One fund representative who spoke to Bloomberg said they were shocked at the speed with which Northvolt blew through its billions. As recently as July, the investor was confident of getting a return, but that changed in early August after getting a call from one of Northvolt’s owners, who warned that the battery maker could run out of cash by September.

The scale of the delays, and how bad things were with building budgets and construction projects remained hidden, the investor said, recounting how excel models and slide decks were used to conceal how empty the coffers had become.

The Swedish company now faces a task of restructuring, with a more focused operation set to emerge from the Chapter 11 process. Unless of course there is no value left to salvage and the bankruptcy process becomes a liquidation.

"A dilemma that these ambitious newcomers are facing is that from the get-go, they had to announce very large-scale
plans in order to be attractive for financiers," said Robert Heiler, senior manager at Porsche Consulting, part of the
sportscar unit of Volkswagen, Northvolt's top investor. "But it's really difficult to scale up" various operations "all at the
same time," he said.

Just how badly Northvolt and its financiers misjudged the situation a year ago has now become evident. As the FT then reported, last fall, the company invited investment banks to pitch for roles in an initial public offering that could have valued the battery maker at a $20 billion. Then, a little over six months later, Bloomberg reported that the IPO was pushed back from 2024. Soon after that, VW’s truck unit Scania complained after Northvolt had trouble ramping up production volumes, and then BMW pulled its €2 billion ($2.1 billion) contract to equip electric vehicles such as the i4 sedan and iX sports utility vehicle.

After repeated delays, the battery maker was unlikely to be able to produce the volumes BMW needed before 2026 — a year after predecessor models were set to be gradually phased out and almost three years after the original target date, a person familiar with the matter said, declining to be named discussing private information.

Adding insult to injury, around that time a failure to close on an equity funding round meant that a $5 billion green loan that was announced in January remained frozen.

But even then, there was still a chance for Northvolt to continue with plans for new battery plants in Germany, Sweden and Canada. In late June, Volkswagen, which owns 23% of Northvolt, was prepared to step in. But then the German auto giant faced a major crisis of its own. By late summer, with EV sales stagnant in Europe and its lucrative Chinese business flagging, VW called for unprecedented factory closures in Germany. Against the backdrop of potentially tens of thousands of layoffs at VW, Northvolt funding was off the table, and in August, VW withdrew from the equity plan.

The German automaker, which had valued its Northvolt holding at the equivalent of more than $730 million as of the end of 2023, then balked at committing to more battery purchases, Bloomberg reports citing people familiar with the matter.

Still, work on a bridge funding deal continued, with an agreement coming close to fruition as recently as October. The $300 million in emergency aid would have involved lenders, creditors and customers, but talks fell short. “In this latest funding round, VW basically told us that they are not able to continue to capitalize us,” Carlsson said on Friday.

Northvolt’s debts include a $330 million convertible loan from Volkswagen that’s due in December 2025, according to the bankruptcy court filing.

In its desperate attempts to reassure financiers, Northvolt canceled a planned expansion of its main plant in Skelleftea in northern Sweden and, in October, replaced the factory’s manager. But Carlsson acknowledges that he acted too slowly. “I should have probably pulled the brake earlier on some of the expansion paths,” he said, realizing after the fact that if your company is burning through billions and is losing key clients then, yes, you may want to slow down the spending.

While Northvolt’s big-swing approach will be second-guessed for years to come it won’t disappear in the immediate future. In its filing, the company said finding a strategic or financial partner is an overarching goal as it seeks to restructure the balance sheet and continue operations.

However, in a post-Trump world where the only remaining greater "green" fools are European socialist regimes, governments from Stockholm to Berlin have rebuffed suggestions they’d spend taxpayer funds on a rescue. German Economy Minister Robert Habeck, who had in June suggested Northvolt should build a second factory in his home country, on Saturday told DPA that he’s “cautiously optimistic” about the company’s future. Of course, nobody is cautiously optimistic about Habeck's political fate: a few weeks ago German's government collapsed spectacularly, and one of the reasons was populist pushback against continued idiotic "green" spending.

Still, the relationship with Volkswagen continues even if greatly truncated. Scania also remains a key Northvolt customer... and will provide $100 million in debtor-in-possession financing at a hefty interest rate of 16%. Northvolt will also have access to about $145 million in cash collateral. Battery plants under construction in Germany and Canada were left out of the bankruptcy, though the company said these projects will be postponed.

For once, Northvolt is making preparations in case it fails to raise funds for the future. Documents filed with the US court show that it plans to “assess potential opportunities for a sale of some or all assets and has engaged Hilco Global to assist with an orderly liquidation process if necessary.”

Spoiler alert: Hilco will be very busy soon as yet another core pillar of Europe's "green" dream liquidates in bankruptcy.

https://www.zerohedge.com/markets/poster-child-europes-electric-car-future-just-filed-bankruptcy-after-burning-through

How much wood could a woodchuck chuck if a woodchuck could chuck wood?

https://www.zerohedge.com/markets/another-one-bites-dust-ev-startup-canoo-files-bankruptcy