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Tesla Completes World's Largest Battery Project In Half the Time Promised (engadget.com)
Rei writes: Tesla announced the completion of the world's largest battery -- a 100 MW/129 MWh wind-power backup system for 30,000 homes in South Australia. Three times more powerful than any other battery on Earth, the $50 million project had garnered press due to Elon Musk's Twitter boast that it would be completed within 100 days of the contract signing or it would be free. In the end, Tesla took it up a notch: the battery was finished 55 days from the date of contract signing and 99 days from the date of Musk's boast itself.
Elon is incapable of building a real business without stealing money from taxpayer subsidies. When he can pull off an actual project where sales exceeds costs, that will be an achievement.
it's twice as good.
Good stuff Elon, you keep pushing the envelope...
The man said he would do the thing, and he did the thing.
Because for Elon, the #1 revenue line item on his profit & loss statement are the tax dollars he has looted from hardworking people.
What's wrong with the comments. It says there are 4 but i can't see them. This is a test.
Nobody else wanted his batteries so they had plenty of stock.
The only envelopes Elon is pushing are the envelopes he gets from government treasury departments filled with checks of tax money he has duped out of hapless citizens.
I assumed when he made the boast that it would be 100 days from the signing of a contract, or that there'd be an allowance for shipping times to Australia and possibly other 'fudge factors'.
I'm now assuming instead that there was a huge loss involved here in order to move and install the required hardware in such a short time, just to prove the point it was possible and would actually work, and thus make future sales more likely.
We give him at least 8000 dollars for every damn rich boy car he sells. Subsidies for the rich. Crumbs for the poor.
I'm waaaaaiting....
the latest Netcraft CreeK, abysmal
Why is it any story about Musk ends up dominated by trolls and assholes? Butt-hurt much that he can actually get things done?
Because when Tesla is viewed as a black box - considering only revenue, profit, and other information without considering the context or goal horizon - the economic forecast is very bad.
Almost all stock predictions made today are based on this sort of black-box calculation. Every month the analysts plug a bunch of companies' numbers into their spreadsheet algorithms, and those algorithms tell them how well the stock is doing. They then write an article noting what happened in the previous month as the "reason" they say the stock is doing whatever the algorithm said.
The analysts give the impression that they reviewed the information and are giving expert opinion. In reality, they are reporting events and claiming the algorithm outputs as their conclusion.
Also, the algorithm goal horizon is 6 months, and Tesla has been reinvesting lots of revenue into new production (ie - gigafactory). Tesla's goal horizon is a couple of years down the road, where they will be in a position to corner the market in battery production or supercharger network or home solar.
So a lot of people bought Tesla short, and are hoping it goes down so they can make some money. I don't know how many people are shorting Tesla right now, but 8 months ago it was something like 22% of all Tesla stock was short. Since Tesla has been doing well, that number has dropped considerably, but there are still bunches of people holding out and hoping that Tesla crashes so that they can at least mitigate their loss.
It's a less right now, but we still hear "echoes" of all the nudging and convincing that people were doing to try to make the stock crash.
It'll fade over time.
I assumed when he made the boast that it would be 100 days from the signing of a contract, or that there'd be an allowance for shipping times to Australia and possibly other 'fudge factors'.
I'm now assuming instead that there was a huge loss involved here in order to move and install the required hardware in such a short time, just to prove the point it was possible and would actually work, and thus make future sales more likely.
You never know - maybe he was so confident of the contract that he had parts shipped before the signing, possibly he had parts already in Australia during the signing.
As a PR move it was actually pretty good.
Any time anyone challenges major economic interests, in this case the electric utilities equipment industries, big oil, big coal, or any other financer of the global warming denial PR biz, arseholes will come out of the woodwork. Big pharma has done it to small innovators that don't want to be bought out. And others too numerous to mention.
The batteries were sitting around waiting for cars to be built so why not put them to use instead. By the time that car production gets ramped up more batteries will have been made.
Man, did he pick on you in grade school or something?
You say a bunch of generalisations about ACs because you've fallen into the fallacy of treating us as an individual with one set of attributes, when actually we are a bunch of different people whose quality of posting can't be determined from other posts by other ACs.
You claim that ACs rarely contribute anything, but that is just confirmation bias. I regularly see good AC posts.
The reason I personally post as AC is that I hate ad hominem attacks. You've shown me that people can still commit that fallacy just by stacking other fallacies on top of it. Very sad.
Elon fired you for sucking at your job and complaining all the time, huh? Bummer.
As I understand it, they actually started construction in shortly after winning government approval for the project in early July. The actual signing of the contract was then delayed until late September, which allowed him to meet the deadline. Its great PR, but it isn't really all that remarkable an achievement.
Two weeks later it blew up like a freaking Galaxy S7.
Call me when they're more than a regulatory capture stock scheme.
No it isn't because technically the Earth is one giant battery.
Toyota's sold over 10 million cars every year, for many years. Toyota's stock is valued at $184 billion.
Tesla sells less than 100,000 cars a year, less than 1% of Toyota's sales, and doesn't have a track record of decades of consistent success that Toyota has. Tesla's stock is at $53 billion.
1% of Toyota's sales. If Tesla also had Toyota's proven track record, the company might be worth 1% of Toyota's price. It's overpriced by at least 30X.
"But Tesla sells ELECTRIC cars!", someone says. Toyota sells more ELECTRIC cars than Tesla does.
No, I think this guyâ(TM)s company lost the contract in the bid. And now he is pissed.
What I find amazing (though a little disappointing, like a Wizard of Oz moment) is that these huge batteries are made of thousands and thousands of cells, in this case 6 million (by my calculation) of Tesla's 2170 cells. The clever bit is the monitoring and control and presumably the design and manufacture as a series of repeatable modules.
this cocksucker is the second cumming of christ himself and the media will never report honestly or negatively about him as it would be blasphemous.
Big battery packs like this will not be enough to solve the problems with wind and solar.
Critics of solar and wind energy claim that unlike coal or nuclear, it's often not dependable -- sometimes, obviously, the wind doesn't blow and the sun doesn't shine. Lithium battery backup systems from companies like Tesla can charge up when such power plants are productive, however, and then provide backup energy when they're not.
Critics of coal and nuclear will point out that they cannot load follow. With a big battery pack like this to follow the peaks and valleys of power demands any energy source looks good. Nuclear produces less CO2 than solar, and about the same as wind, per energy produced. Nuclear is safer than any other energy source we have today. Nuclear power is cheaper than solar, cheaper than hydro, and cheaper than offshore wind.
This is a backup system for onshore wind so it's making something as cheap as nuclear, and with as low of CO2 output as nuclear, as reliable as nuclear. But then if you have to add the cost of a 50 million dollar battery pack to make wind as reliable as nuclear then is wind really as cheap as nuclear any more? What of the CO2 output of building a 50 million dollar battery pack?
We'll likely need battery packs like this Tesla project regardless of the energy source we choose to replace coal and natural gas. I suspect that if we replace coal and natural gas with nuclear these battery packs would not have to be as large as if used with wind and solar.
People can claim that new battery technologies will help make wind and solar more reliable but that applies to any energy source. If wind and solar want to be the means by which we save the world from global warming then they still have to compete with nuclear power. Nuclear power has a 50 year history of safe and reliable power without batteries from Tesla, and the addition of batteries from Tesla can make them even cheaper, safer, and more reliable.
Wind is a great energy source, let's keep doing that. Solar works too but it's ability to compete is quite limited geographically. Can't we have more nuclear too? We used to be able to build a dozen nuclear power plants every year in the USA, I think we can and should do that again. We should keep building a dozen new nuclear power plants every year until something better comes along. If we want to just keep up with the rate of expected shut downs of coal and nuclear then we'd have to build a dozen new nuclear power plants per year for a long time, and not even add new electrical capacity. If we expect to grow in electrical generation capacity then we'd need more than one new gigawatt nuclear power plant every month in the USA. 12 gigawatt power plants is just breaking even with those being shut down, we'll need the wind and solar capacity for growth on top of that.
Oh, and we'll need some big battery packs too.
I am armed because I am free. I am free because I am armed.
I was looking at Toyota's plug-in cars and got significantly larger numbers than you did, but anyway that's a good point that Toyota's plug-in cars also have a gas engine. Maybe that's part of the reason Toyota sells a hundred times as many cars as Tesla does.
> Telsa has delivered just over 200,000 vehicles world wide
I see Nissan sold nearly that many fully electric Leafs last year alone, and has sold over 350,000 total. Sales numbers for BYD are harder to find, but it looks like they may have sold more than Tesla and Nissan combined. If I were betting on BEVs being the future, Nissan, BYD, or even Renault seem more likely to become the world's largest car maker than Tesla does - both Nissan and Renault have the dealer and service infrastructure and everything that Tesla lacks. Make no mistake, the current pricing of Tesla's stock assumes they'll be the world's biggest car maker within a few years.
Three times more powerful than any other battery on Earth,
They've finally created a battery for a smartphone with an AMD chip! ;)
Anons need not reply. Questions end with a question mark.
the current pricing of Tesla's stock assumes they'll be the world's biggest car maker within a few years.
...or the worlds biggest car battery maker...or the world's best car autopilot maker...or the world's biggest solar roof tile maker...or the world's biggest home battery maker...
Bet the AC is an African American. It'd explain a lot.
While Tesla does indeed take advantage of the EV tax credit, that falls into "don't be stupid". They didn't lobby for it as a handout, and more importantly they're not cheating: they're doing exactly what the tax credit was designed to encourage.
Many tax credits are wasted on schemes which technically comply but miss the spirit. The Northern Ireland Renewable Heat Incentive scandal is just one of many.
The EV tax credit was supposed to get EVs over the hump of market acceptance, and there's no denying that Tesla did that. Earlier EVs were (exaggerating only a little) oddball fringe things for granola-loving tree-huggers disdained by car people, while the Model S is a desirable car of demonstrated practicality.
I don't think there's grounds for complaint.
Anyone know what are the expected lifetime of this battery?
This is some pretty cool stuff. Think we'll all have Tesla batteries installed in our homes and offices in ten years? Probably not... but a man can dream.
Nathaniel Fogel, DDS Owner, Pineview Dental 8815 Centre Park Dr., Suite 310 Columbia, Maryland 21045 http://pineview
Apple's 2015 PE ratio was 19 - meaning basically investors made about 6%. Tesla's was negative 60 - the company lost a SHITLOAD of money.
For 2019, Apple predicts a PE ratio of 14 to 15. (About 6% profit). Tesla predicts 1,500 PE, a profit of 0.006%. They aren't comparable.
Three times more powerful than any other battery in the world??
NGK has a sodium-sulphur battery system backing a wind farm in Rokkasho, Japan which has a capacity of 245MWh compared to the headline 129MWh of the Australian Tesla battery.
https://www.ngk.co.jp/nas/case...
He finished it in ELEVEN TWENTIETHS of the time he promised! That's an extra five percent more than half!
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Elon Musk, outside of any individual, has more stories on the first 3 pages of this site, than everyone else put together. He is a fraud.