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Posts tagged ‘Global Energy Metals Corp (GEMC)’

Visual Capitalist: Elon Musk’s vision for the future of Tesla

April 26th, 2018

by Jeff Desjardins | posted with permission of Visual Capitalist | April 26, 2018

Tesla is currently stuck in “production hell” with Model 3 delays, as Elon Musk describes it.

But Winston Churchill had a great quote about facing what seems like insurmountable adversity: “If you’re going through hell, keep going.” This is certainly a maxim that Musk and Tesla will need to live by in order to realize the company’s longstanding mission, which is to accelerate the world’s transition to sustainable energy.

This giant infographic comes to us from Global Energy Metals TSXV:GEMC and it is the final part of our three-part Rise of Tesla series, which is a definitive source for everything you ever wanted to know about the company.

Part 3 shows Musk’s future vision and what it holds for the company once it can get past current production issues.

See Part 1. See Part 2.

 

Visual Capitalist: Elon Musk’s vision for the future of Tesla=

 

To understand Tesla’s ambitions for the future, you need to know two things:

1. Tesla’s mission statement: “To accelerate the world’s transition to sustainable energy.”

Tesla can accomplish this by making electric vehicles, batteries and energy solutions—and by finding ways to seamlessly integrate them.

2. Tesla’s strategy: “The competitive strength of Tesla long-term is not going to be the car, it’s going to be the factory.”

Tesla aims to productize the factory so that vehicle assembly can be automated at a revolutionary pace. In other words, Tesla wants to perfect the making of the “machine that builds the machine.” It wants to use these factories to pump out EVs at a pace never before seen. It aims to change the world.

The future of Tesla

If Musk has his way and everything goes according to plan, this is how the future of Tesla will unfold. Note: Keep in mind that Tesla sometimes overpromises and that the following is an extrapolation of Tesla’s vision and announced plans as of spring 2018.

A sustainable energy powerhouse

Tesla’s goal is to accelerate the world’s transition to sustainable energy—but simply making a few electric cars is not going to be enough to put a dent into this. That’s why the future of Tesla will be defined by bigger and bolder moves:

The Tesla Semi: Tesla has unveiled the Tesla Semi, which can go 0 to 60 mph with 80,000 pounds (36 tonnes) in just 20 seconds. Fully electric and with a 200-kWh battery pack, Musk says, it would be “economic suicide” for trucking companies to continue driving diesel trucks.

Mass transit: Musk said in his Master Plan, Part Deux blog post that he wants to design “high passenger-density urban transport.” It’s anticipated that this will come in the form of an autonomous minibus, built off the Model X concept.

A new energy paradigm: Tesla is not just building cars—it’s democratizing green energy by creating a self-dependent ecosystem of products. This way, homeowners can ensure their appliances and cars are running off of green energy, and even sell it back to the grid if they like.

As Tesla works on this sustainable future, the company isn’t afraid to show off its battery tech in the interim. The company even built the world’s largest lithium-ion battery farm (100 MW) in South Australia, to win a bet, in fewer than 100 days.

Other new models

Musk says that Tesla plans to “address all major segments” of the auto market.

Model Y: This will be a crossover vehicle built on the Model 3 platform, expected to go into production in 2019. It will round out the “S3XY” product line of Tesla’s first four post-Roadster vehicles.

Pickup truck: This will be Tesla’s priority after the Model Y and Musk says he is “dying to build it.” Musk says it’ll be the same size as a Ford F-150 or bigger to account for a “game-changing” feature he wants to add, but has not yet revealed.

Ultra low-cost model: Tesla has also announced that it will need a model cheaper than the Model 3 in the near future. This would allow Tesla to compete against a much wider segment of the auto market, and the future of Tesla hinges on its success.

Multiple Gigafactories

Tesla already has two: Gigafactory I in Reno, Nevada (batteries) and Gigafactory II in Buffalo, New York (solar panels).

The Gigafactory I started battery cell production in 2017. It will eventually produce enough batteries to power 500,000 cars per year. Meanwhile, the second factory is operated by Tesla’s SolarCity subsidiary, producing photovoltaic modules for solar panels and solar shingles for Tesla’s solar roof product.

Tesla said in 2017 that there will be “probably four” more battery Gigafactories in locations that would “address a global market,” including one in Europe. This makes sense, since the need for lithium-ion batteries to power these EVs is exploding. An important component of Tesla’s future will also be sourcing the raw materials needed for these Gigafactories, such as cobalt, lithium, graphite and nickel.

The Chinese market

The good news: Tesla already owns about 81% of the market for imported plug-in EVs in China.

The bad news: That’s only about 2.5% of the total Chinese EV market, when accounting for domestically made EVs.

China is the largest auto market in the world—and make no mistake about it, Tesla wants to own a large chunk of it. In 2017, China accounted for 24.7 million passenger vehicle sales, amounting to 31% of the global auto market.

Automation and the sharing economy

Finally, Tesla wants its vehicles to be fully autonomous and to have shared fleets that drive around to transport people.

Autonomous: Tesla aims to develop a self-driving capability that is 10 times safer than manual via massive fleet learning.

Shared: Most cars are used only by their owners and only for 5% of each day. With self-driving cars, a car can reach its true potential utility by being shared between multiple users.

Conclusion

The future of Tesla is ambitious and the company’s strategy is even considered naïve by some. But if Musk and Tesla are able to perfect building the “machine that builds the machine,” all bets will be off.

That concludes our three-part Rise of Tesla series. Don’t forget to see Part 1 (Origin story) and Part 2 (Rapid Growth). Special thanks to Global Energy Metals for making this series possible.

Posted with permission of Visual Capitalist.

Visual Capitalist: Tesla’s journey, from IPO to passing Ford in value in just seven years

January 18th, 2018

by Jeff Desjardins | posted with permission of Visual Capitalist | January 18, 2018

In Tesla’s final years as a private company, things got pretty hectic.

As we showed in Part 1: Tesla’s Origin, the launch of the Roadster was a public relations success, but it created all kinds of problems internally. There were massive cost overruns, a revolving door of CEOs, layoffs and even a narrow escape from bankruptcy.

Fortunately, by 2010 the company was able to forget these troubles after a successful IPO. The company secured $226 million in capital, and hitting the public markets started a roller coaster ride of growth.

Rise of Tesla: The Company (Part 2 of 3)

This giant infographic comes to us from Global Energy Metals TSXV:GEMC and it is the second part of our three-part Rise of Tesla Series, which is a definitive source for everything you ever wanted to know about the company.

Part 2 shows major events from 2010 until today, and it tracks the company’s rapid growth along the way.

Tesla’s journey, from IPO to passing Ford in value in just seven years

 

Tesla was the first American car company to IPO since the Ford Motor Company went public in 1956.

Interestingly, it only took seven years for Tesla to match Ford’s value—here are the major events during this stretch of time that made this incredible feat possible.

2010

After securing funding from the public markets, Tesla was positioned for its next big leap:

  • The company had just narrowly escaped bankruptcy

  • The Tesla Roadster helped dispel the stigma around EVs, but it was unclear if it could be parlayed into mainstream success

  • The company was free from its feud and lawsuit with co-founder Martin Eberhard

  • Tesla had just taken over its now-famous factory in Fremont, California

It was time to focus on the next phase of Tesla’s strategy: to build the company’s first real car from scratch—and to help the company achieve the economies of scale, impact and reputation it desired.

2011

In 2011, Tesla announces that the Roadster will be officially discontinued.

Instead, the company starts focusing all efforts on two new EVs: the Model S (a full-size luxury car) and the Model X (a full-size luxury crossover SUV).

2012

The Model S was Tesla’s chance to build a car around the electric powertrain, rather than the other way around.

When we started Model S, it was a clean sheet of paper.—Franz Von Holzhausen,
chief car designer

In June 2012, the first Model S hits the road and the rest is history. The model won multiple awards, including being recognized as the “safest car ever tested” by the NHTSA and the “best car ever tested” by Consumer Reports. Over 200,000 cars were eventually sold.

But despite the success of the new model, Tesla still faced a giant problem. Lithium-ion batteries were still too expensive for a mass market car to be feasible and the company needed to bet the farm on an idea to bring EVs to the mainstream.

2013

Tesla reveals initial plans for its Gigafactory concept, an ambitious attempt to bring economies of scale to the battery industry. In time, the details of those plans solidified:

  • Cost: $5 billion

  • Partner: Panasonic

  • Objective: To reduce the cost of lithium-ion battery packs by 30%

  • Location: Sparks, Nevada

  • Size: Up to 5.8 million square feet (100 football fields)

The company believed that through economies of scale, reduction of waste, a closer supply chain, vertical integration and process optimization, the cost of batteries could be sufficiently reduced to make a mass market EV possible.

Under Tesla’s first plan, the Gigafactory would be ramped up to produce batteries for 500,000 EVs per year by 2020. Later on, the company moved that target forward by two years.

2014

Tesla makes significant advances in software, hardware and its mission.

  • Autopilot is released for the first time, which gives the Model S semi-autonomous driving and parking capabilities

  • By this time, Tesla’s Supercharger network is up to 221 stations around the world

  • Tesla goes open source, releasing all of the company’s patents for anyone to use

2015

After massive and repeated delays because of issues with the “falcon wing” doors, the Model X finally is released.

In the same year, the Tesla Powerwall is also announced. Using a high-capacity lithium-ion battery and proprietary technology, the Powerwall is a major step towards Tesla achieving its major goal of integrating energy generation and storage in the home.

2016

Tesla unveils its Model 3, the car for the masses that is supposed to change it all. Here are the specs for the most basic model, which is available at $35,000:

  • Price: $35,000

  • Torque: 415 lb-ft

  • Power: 235 hp (Motor Trend’s estimate)

  • 0-60 mph: 5.6 seconds

  • Top speed: 130 mph

  • Range: 220 miles

After being announced, the Model 3 quickly garnered 500,000 pre-orders. To put the magnitude of this number in perspective, in six years of production of the Model S the company has only delivered about 200,000 cars in total so far.

In 2016 Tesla also announces that it is taking over SolarCity for $2.6 billion of stock. Elon Musk owns 22% of SolarCity shares at the time of the takeover.

The goal: to build a seamlessly integrated battery and solar product that looks beautiful.

2017

2017 was a whirlwind year for Tesla:

  • Consumer Reports names Tesla the top American car brand in 2017

  • The Tesla Gigafactory I begins battery cell production

  • Tesla wins bids to provide grid-scale battery power in South Australia and Puerto Rico

  • Tesla starts accepting orders for its new solar roof product

  • The Tesla Semi is unveiled—a semi-truck that can go 0-60 mph in just five seconds, which is three times faster than a diesel truck

  • Model 3 deliveries begin, though production issues keep them from ramping at the speed anticipated

Tesla also unveils the new Roadster, the second-gen version of the car that started it all. This time, it has unbelievable specs:

  • 0-60 mph: 1.9 seconds

  • 200 kWh battery pack

  • Top speed: above 250 mph

  • 620 mile range (It could go from San Francisco to LA and back, without needing a recharge)

The point of doing this is to give a hardcore smackdown to gasoline cars.—Elon Musk,
Tesla co-founder and CEO

The new Roadster will go into production in 2020.

A look to the future

In 1956, the IPO of the Ford Motor Company was the single largest IPO in Wall Street’s history. Tesla IPO’d a whopping 54 years later and the company has already passed Ford in value:

  • Ford: $49.9 billion

  • Tesla: $52.3 billion (numbers from December 31, 2017)

An incredible feat, it took only seven years for Tesla to pass Ford in value on the public markets. However, this is still the beginning of Tesla’s story. See Musk’s vision for the future in Part 3 of this series.

See Part 1: Tesla’s Origin

Posted with permission of Visual Capitalist.

Visual Capitalist: The rise of Tesla, part 1 of 3

November 16th, 2017

by Jeff Desjardins | posted with permission of Visual Capitalist | November 16, 2017

Priced at $17 per share just seven years ago, the Tesla IPO ended up being a total bargain for anyone lucky enough to get in.

However, this view comes with the benefit of plenty of hindsight—and even Elon Musk would tell you that it wasn’t always obvious that the company would be around in 2017. There were periods of time when layoffs were rampant, the company’s payroll was covered by credit cards and Tesla was on the brink of bankruptcy.

Tesla’s rise: The history (part 1 of 3)

Today’s massive infographic comes to us from Global Energy Metals TSXV:GEMC and it is the first part of our three-part Rise of Tesla series, which will soon be a definitive source for everything you ever wanted to know about the company.

Part 1 deals with the origin of the company, challenges faced by the first EVs, the company’s strategy and initial execution, and the Tesla Roadster’s development.

 

Infographic The rise of Tesla, part 1 of 3

 

Tesla was initially conceived in 2003 out of the vision of two Silicon Valley engineers, Martin Eberhard and Marc Tarpenning. The partners had just sold their eReader company for $187 million and were looking for their next big idea.

The infamous “death” of GM’s EV1 electric car that year ended up being a source of inspiration, and the two engineers started looking into ways to reduce the world’s reliance on Middle Eastern oil and to combat climate change.

The electric car pathway was not just better than the other choices that were out there—it was dramatically better.
—Martin Eberhard,
Tesla co-founder

The company was bootstrapped until Elon Musk led the $7.5-million Series A round in February 2004 and became the controlling investor. He joined the board of directors as its chairperson and took on operational roles as well.

At this time, JB Straubel—who famously rebuilt an electric golf cart when he was only 14 years old—also joined the company as CTO.

Initial strategy

Tesla’s initial strategy was to build a high-performance sports car first, for a few reasons:

  • It would shed the existing stigma around EVs

  • Sports cars have higher margins

  • Fewer cars would need to be produced

  • High-end buyers are less price-sensitive

Instead of building the Tesla Roadster from scratch, the company aimed to combine an existing chassis with an AC induction motor and battery. And so the company signed a contract with British sports car maker Lotus to use its Elise chassis as a base.

The Roadster debut

The Roadster made its debut at a star-studded launch party in Santa Monica. The 350-strong guest list of Hollywood celebrities and the press were wowed by the two-seater sports car with a $100,000 price tag.

This is not your father’s electric car.—The Washington Post

What the audience didn’t notice?

The Roadsters had many issues that needed to be fixed—these and others would delay Tesla well beyond the planned summer 2007 delivery date.

The dark years

Tesla’s original business plan was built on the idea that the auto industry had changed drastically. Automakers now focused on core competencies like financing, engine design, sales and marketing, and final assembly—getting the hundreds of individual car parts, like windshield wiper blades or door handles, was actually outsourced.

This was supposed to make it easy for Tesla to get its foot in the door—to focus on the EV aspect and let Lotus do the rest. Instead, the company experienced an “elegance creep” phenomenon that meant customizing individual parts.

Costs spiralled out of control, things got delayed and the car began to take a very different shape than the Elise. By the time it was said and done, the Tesla Roadster was nothing like its Lotus cousin, sharing only 7% parts by count.

The revolving door

During this process, there was a revolving door of CEOs.

  • 2007: Eberhard was forced to resign as CEO in August

  • 2007: Early Tesla investor Michael Marks took the reins temporarily

  • 2007: In November, Ze’ev Drori took over as CEO and president

  • 2008: After less than a year of Drori’s run, Musk stepped in to take over the role in October

At this point, Musk had already invested $55 million in the company and it was teetering towards bankruptcy.

I’ve got so many chips on the table with Tesla. It just made sense for me to have both hands on the wheel.—Elon Musk

Some of Musk’s first moves:

  • He ended up cutting 25% of the workforce

  • He leaned on friends to help cover payroll, week to week

  • He raised a $40-million debt financing round to escape bankruptcy

  • He formed a strategic partnership with Daimler AG, which acquired a 10% stake of Tesla for $50 million

  • He took a $465-million loan from the U.S. Department of Energy. (He repaid it ahead of the deadline)

  • He recalled 75% of the Roadsters produced between March 2008 and April 2009

Despite revamping the entire production process—and the company itself—Tesla made it through its most trying time.

The Roadster’s run

The Roadster wasn’t perfect, but it helped Tesla learn what it meant to be a car company.

It is not just a car, but one of the strongest automotive statements on the road.—Car and Driver

A total of 2,450 units were produced and the specs were impressive for an EV. With a top speed of 125 mph and a zero-to-60 mph time of 3.7 seconds, the Roadster helped dispel many of the myths surrounding electric cars.

Meanwhile, the Roadster’s lithium-ion battery also was the first step forward in a battery revolution. The 992-pound (450-kilogram) battery for the Roadster contained 6,831 lithium-ion cells arranged into 11 “sheets” connected in series, and gave the car a range of 244 miles.

With the Roadster, Tesla would set up not only the future success of the company, but also the transformation of an entire industry.

This was part 1 of the Tesla series. See part 2: Tesla’s journey, from IPO to passing Ford in value in just seven years

Posted with permission of Visual Capitalist.