Could Tesla go bankrupt ?

Tesla accounted for 55% of all U.S. EV sales last year. Tesla’s closest competitor last year was Ford, which accounted for just 6% of the U.S. EV market, and as I noted in February, FoMoCo lost nearly $65,000 for each of the 72,000 EVs it sold last year. Meanwhile, EV maker Rivian lost a whopping $107,000 for every vehicle it sold. (Rivian’s stock has fallen by more than half this year.)

Put simply, Tesla is the bellwether for the EV business, and it’s in trouble. Last week, the company announced it was laying off more than 10%, or about 14,000, of its employees. The move comes after a quarter during which the company missed delivery expectations and just before it reveals its quarterly profits on Tuesday.  Here’s what Wired wrote last Thursday about Tesla’s situation: “Demand is dropping for electric cars in the U.S. and Europe, just as competition in Chinaintensifies and workers revolt in Europe. Investors are worried.” Wired continued, saying Tesla is contending with: 

Ongoing worker strikes in Sweden, and even sabotage by German climate activists. Earlier this month, the company warned investors to expect a lower rate of growth this year, blaming interest rate hikes for dampening demand… Shareholders will get a chance to give their blessing at a vote in June, when they will be asked to ratify Musk’s $50 billion pay package and approve the company’s move to Texas.

The bad news continued on Friday when the National Highway Traffic Safety Administration ordered the company to recall nearly all of the Edsels, oops, I mean all of the Cybertrucks, it has produced at its factory here in Austin. About 3,900 Cybertrucks must be repaired because an accelerator pedal could get stuck in the down position.

Tesla’s stock is down 41% so far this year. The company faces so many challenges that Brad Munchen, an auto analyst who writes the Motorhead column here on Substack, posted an excellent piece on Friday asking, “Could Tesla Go Bankrupt? The Odds Are Rising.” The money line: “Things crash hard and loud in the auto industry and I’ve never seen a carmaker in as dangerous of a position as Tesla currently is in.” 

Robert Bryce

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Are floating homes the next frontier for urban design?

Buildings and communities that can float on water may be the next step in the evolution of cities, according to some avant-garde housing designers.

Many of the world’s largest cities sit next to, or are built around, large bodies of water. In the light of unprecedented population growth, climate change, flooding and rising sea levels, are floating homes the next frontier in urban living?

https://www.bbc.com/culture/article/20171227-are-floating-homes-the-next-frontier-for-urban-design

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Algae’s future in food

Seaweed doesn’t need soil. Seaweed doesn’t need fresh water.
Seaweed doesn’t need fertiliser. Seaweed doesn’t need farming.

Seaweed absorbs carbon dioxide and releases oxygen.
Seaweed is fast-growing and nutrient-dense.
Seaweed harvesting supports coastal communities

Seaweed extracts tick many of the boxes for products of natural and sustainable origin, aligned with ethnic demand (halal, kosher, etc..), allowing fat reduction, potentially considered (region dependent) as dietary fibers or health ingredients, and often used to replace other additives of animal origin.

https://maraseaweed.com/pages/sustainability

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Are Twitch and live streamings the future of media ?

Samuel Étienne twitch star in France

Twitch began in 2011 as a platform to stream gaming online but has very rapidly evolved into much more. From people livestreaming their public lives to people simply streaming themselves eating, there has been an increasing demand for content about people’s lives and events.

https://wkuherald.com/6815/opinion/opinion-can-twitch-be-the-future-of-media/

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