Tesla Motors Is Going To Dominate In The 2020s. Get Ready

Just a couple of years ago, short-sellers like Jim Chanos were announcing that it was the end of Tesla. There hadn’t been a new, successful car company in the US for nearly one hundred years. And there certainly wasn’t going to be one based on the laughable concept of electric vehicles. 

Now though, it is Tesla founder Elon Musk who is rubbing his hands together with glee, with the short-sellers running from their positions with their tails between their legs. The enigmatic entrepreneur seems to have pulled off the impossible: create a profitable car company that people love. 

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The story of Tesla, however, doesn’t end with the company’s current $500-plus share price. Many analysts, including those who focus on disruptive change, think it could go to $5000 by the end of the 2020s, maybe more. 

Why is this? How can a “car company” increase in value so much over a decade? 

Elon Musk Holds All The Cards

The critical thing to understand about Tesla is that the company holds all the cards that it needs to create the most compelling automotive product that the world has ever seen. 

Consider first, the fact that Tesla makes all its own batteries. It’s not going to some third-party vendor who also sells cells to the rest of the automotive world. Instead, it makes them all itself, using proprietary technology that nobody else can access. It’s why the California-based firm can build cars that will drive more than 350 miles on a single charge while its competitors are struggling to get about 150. When it comes to batteries, it’s miles ahead of the game. 

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Now consider the company’s over-the-air updates. Teslas are the only cars in the world that get BETTER the longer you own them. All Tesla needs to do is create a new software package that adds features and drivers can immediately feel the benefits.

These updates can be practically anything. Most of the time, they’re improved driving assist features, but nothing is stopping Tesla from adding entertainment options, voice control, and other stuff that adds to drivers’ quality of life. 

Tesla is also a monopoly. It sounds strange to say given how many car companies that there are in the world, but bear with me. The company is the only firm in the world, producing luxury electric vehicles for the western market at scale. Traditional automakers aren’t there yet. More importantly, Tesla is a transportation solutions firm, not a car company in the old-fashioned sense. It’s more akin to Uber or Lyft, but with manufacturing facilities to make its own vehicles. 

If you find that hard to swallow, your perceptions will change over the coming decades. The best Tesla trip planner app won’t be the traditional rideshare companies; it’ll be for the company’s electric vehicles. And these won’t have human pilots. Tesla will create software that allows its cars to drive themselves, collect passengers, and form part of a massive fleet of vehicles, providing low-cost rides across the world. 

This feature of Tesla’s business model is the real genius of their entire operation. If they can perfect autonomous taxi technology, they don’t need customers willing to put $60,000 down on a vehicle. Instead, they just need people willing to pay $5 for a ride across town. Tesla will then be in a race to get cars on the road. If customers want to rent out their Teslas to the public and to share an income with Tesla, they can do that. If they’re not willing to use their cars while they’re idle, then Tesla will sell cars to itself and create an in-house fleet. This group of vehicles will then serve the general public, just as Uber and Lyft do today, but at a much lower cost. 

Autonomy Is The Real Game-Changer

Autonomous technology is the real game-changer for Tesla. Forget the engineering, battery tech, and electric drivetrain – the thing that is really going to make the difference to the company’s business model over the next ten years is the rise of cars that drive themselves. Tesla will be able to use this technology to produce vehicles that have intrinsic value before it even sells them to customers. Each car, the company estimates, will be able to generate a lifetime revenue of $300,000 in today’s terms. For the first time in history, a company will sell a vehicle that adds to its customers’ wealth. 

Think for a second, too, about how this will change the lending side of the equation. In typical situations, a person has to work to recoup the money that they borrow when they purchase a vehicle. Firms providing loans take on substantial risk. They need to ensure that the borrower pays back the loan faster than their car is depreciating to make sure that they don’t lose money if they have to repossess. 

The same is not true of a Tesla of the future. A lender knows that the car will continue to generate money as it goes forward. Even if the borrower can’t pay, the lender can take back ownership of the vehicle and use it to make money. 

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When you think about this fact, the economics of buying a Tesla starts to look a bit crazy. We could see a situation where people who hold capital buy as many Teslas as they can so they can benefit from the returns. Lenders could pay people to own Teslas, so long as they rent them out to the public. The possibilities are truly bizarre!

The Space Factor

The final part of the equation is Elon Musk’s other pet project: Spacex. SpaceX is going to become the biggest private company in the world over the next couple of decades, thanks to its Starlink effort. Global internet satellites will change communications across the globe. 

Tesla, however, will benefit from Spacex because vehicles will be able to get internet wherever they go on the planet, including rural locations. 

The electric car maker, therefore, is positioned to become the most valuable firm in the world — what a turnaround from a couple of years ago. 

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Effective Ways To Reduce Car Repair Expenses

Everyone knows how expensive car ownership can be. Automobile experts and non-drivers alike understand that the cost of driving is typically quite high. There are many expenses that drivers must cover, including insurance, fuel, and even cleaning. Car repair is another expense that can easily cost you a small fortune. This cost is among the most frustrating too, as most repairs can be prevented. If you’re worried about the cost of repairs, here are six effective ways to save. 

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Read The Owner’s Manual

An effective way to lower car repair costs is to prevent car repairs. Although accidents can cause serious damage, most car troubles are the result of poor maintenance. Because of this, you should read your owner’s manual, paying close attention to the maintenance schedule. Following this schedule will help to keep your car in good condition, preventing breakdowns. 

Put Yourself To Work

Owning a vehicle is a huge responsibility. Along with driving safely, you must look after the car. Most mechanics will happily carry out any maintenance or repair tasks for you if you ask them to, but that doesn’t necessarily mean they should. There are countless repairs you can DIY, such as replacing dead batteries. Carrying out these repairs yourself will work out much cheaper. 

Find The Right Mechanic

When you come across a repair you can’t handle, allowing an expert to help makes sense. After all, you don’t want to cause any additional damage. However, before handing over your keys, you should research the mechanic you’ve chosen. Having customers and the right insurance doesn’t make a mechanic good. Finding a reputable expert is sure to save you money in the long run. 

Hunt For Cheaper Parts

Having to replace a part will significantly increase the cost of any repair. That is why you should source the parts yourself. Whether you need Mercedes, Audi, or Porsche parts, you must hunt for them online. Not only does this give you an option to purchase second-hand parts, but brand new parts typically work out cheaper too. Just search for what you need and compare prices. 

Make Use Of Warranties

Any vehicle purchased from a dealership usually comes with a warranty. This warranty might cover the entire car or certain parts, and could come with a limited or lifetime guarantee. To learn what guarantee you have, you should check your receipt or contact the dealership. If your vehicle is still in warranty, make sure you take it to that dealership any time you need repairs carried out. 

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Slow Down Your Driving

Driving efficiently will help to keep your vehicle healthy. Sticking to the speed limit and avoiding harsh braking will not only prevent car trouble but reduce the likelihood of car accidents too. Whether you passed your driving test last week or several decades ago, there is always room for improvement. Consider how you could be a better driver and take the actions necessary. 

Vehicle repairs can easily cost a small fortune, but with the effective advice above, you can reduce the expense and lower your motoring costs.

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What’s Wrong With My Car? Things To Look For When Your Car Just Isn’t Right

Having a car, especially at this time of the year is a blessing. You can travel quickly and efficiently without having to worry about relying on public transport or worse – getting cold from walking everywhere. So, when something goes wrong with your car, it can be rather distressing and again, at this time of the year the last thing anyone needs is another expense. If your car isn’t sounding or feeling right you should always take it to the mechanic before it escalates into something bigger. However, there are things that you can look for yourself and fix without the need of a mechanic at all. Check out these things to look for when your car just isn’t right.

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Your car is using more fuel than normal

It’s easy to drive further than normal and wonder why your fuel tank is emptying faster than normal. However, if this is a regular occurence and you’re not travelling any further than you normally would, there could be a number of causes:

  • Your tyres need pumping up. Flat tyres need to work harder to move your car across the roads, therefore using more fuel. Pump up your tyres for optimum fuel consumption.
  • Check for leaks when you’ve been parked for a considerable amount of time. Quite often owners don’t realise their car even has a leak until they’ve parked in one spot for a longer period of time!
  • Drive slower! We know how tempting it is to put the pedal to the floor on an open road. However, you’ll be using much more fuel than normal. Stick to moderate speeds as much as possible and you’ll notice your fuel consumption drop.

Your car is making an unusual noise

There’s nothing worse than hearing your car make an unusual noise but often there are simple fixes that you can try before taking your car to the garage:

  • Check your oil level. Too much or too little oil in your car can cause it to make strange ticking noises. Filling your oil is simple and cheap to do. This could also be affecting your performance transmissions, so be sure to keep on top of this.
  • Check for holes in your exhaust pipe as this can create loud sounds. If you find one, take your car to your mechanic as soon as possible.
  • If you hear a high pitched whining noise, it may be your wheel bearings or even flat tyres. 

Your car has lost power

Your car losing power is quite an alarming symptom to arise. However, if you’ve got a car that usually has a turbo it might be worth turning your inertia switch off, leaving it for ten minutes and then turning it back on again. This can often restart your turbo and bring your car back.

Remember that if you’re worried about your car it’s always best to let a mechanic take a look. Troubleshooting these ideas however, could save you a trip to the garage and a bill this side of Christmas.

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Audiophile: Getting The Best Sound Wherever You Go

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Speakers have been around for a very long time, and this market has been developing steadily since their inception. The products available on the modern market are a far cry from those which people were using in the past, with things like digital music and wireless technology shaping the market into something new. Of course, though, with a market so broad and expensive, a lot of people resort to using the first options they can get their hands on. To help you out with this, this post will be exploring audio, and the simplest ways to improve your listening experience without spending a small fortune.

Personal Listening

Listening to music on your own gives you an excellent opportunity to use devices like headphones. These products offer a better experience and a lower price than speakers, though you have to be careful with what you buy. Modern wireless headphones sacrifice quality to be able to provide you with their advanced features. This makes wired headphones a much better option for those on a budget, and this is before you even consider the difference between in-ear and over-ear headphones. Over-ear examples are often offer better value for money, though a lot of people will want the convenience of something smaller.

At Home

Being able to listen to music at home is a treat, and a lot of people like to do this using speakers instead of headphones. Modern smart speakers are great for those who want a touch of convenience, though you will often find the best sound quality if you go back a few years. eBay is filled to the brim with old hifi equipment, and you only need a set of speakers and an amp or receiver to get yourself started. It’s worth doing some learning before using hardware like this, as it can be quite complicated to set up, but most people would agree that the sound which comes from setups like this is far better value than a lot of modern products.

In The Car

Cars can present some challenges when listening to music. Unlike a square or rectangular room, your vehicle is likely to be an awkward shape for sound to travel around. There are a lot of products on the market which have been designed to combat this, and you can read Alpine car amplifier reviews, along with resources surrounding all of the other parts you’ll need, around the web. Each car will have its own procedure to install speakers, though YouTube should be able to teach you everything you need, and any facia panels you require can be bought on sites like eBay and Amazon.

With all of this in mind, you should be feeling ready to take on the challenge of getting the best sound wherever you are. It isn’t always easy to listen to music, though most people enjoy this sort of pastime, making it well worth putting the time and effort to ensure that you can get the most out of it.

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A Lifelong Journey: Learning How To Be A Better Driver When Everyone Else Is Terrible!

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How much time do you spend behind the wheel of a car? It’s something that most of us have to do, whether it’s for your job or you’re the only one in your household that can do it. And over time, it can serve to increase our frustration, but also, if we want to get anywhere, we start to imitate those around us and take their terrible skills on board. Before we know it, our ability to drive goes down the drainpipe, and it’s because everyone around us is operating in the same haphazard manner. But driving better doesn’t have to be a difficult thing to attain; and if you really want to make a difference on the road, improve your commute, or just feel less stressed behind the wheel, try a few of these approaches… 

Truly Get An Appreciation Of Everyone Else Around You

As drivers, we can be absurdly single-minded, and only focus on our journey. But this means we don’t get a true appreciation of what’s going on around us. Sometimes we have to get a different perspective, and we can do this in simple ways. We could get a dual dash cam, which is something that many drivers now utilize on the road, not just to recognize the idiots that are causing near misses but also, giving ourselves an appreciation of the things we might very well not have noticed on the journey. Hindsight is a wonderful thing, and if we can get a better perception of what’s going on around us, it’s the perfect place to start.

Stop Speeding 

We start to imitate others around us because we feel that pressure. And when it comes to something like speeding, if everybody else is doing 5 miles over the limit, and they are doing that passive-aggressive thing to you because they’re stuck behind you and you were “only” going the limit, that temptation to speed up can develop into a full-blown habit. Speed limits are there for a reason. If you stop speeding, you’re not going to cause an accident, and you won’t have your license taken off you!

Stop Being In A Hurry

We are forever in a rush to get somewhere, and we witness this by the people risking their lives to take over us on a quiet road, but there’s a lesson to be learned here. If we are forever in a rush, then clearly we’re not leaving enough time to get to our destination, but also, being in a rush means we start to take risks that we wouldn’t if we had more time. It’s something you see all of the time. People cutting across all four lanes to get to an exit, and this is such a major mistake that could cause one massive accident, but the lesson is simple, if you are always in a hurry, bad habits will always up.

And probably the biggest lesson we can all learn is to address our own bad habits. One of the best ways to do this is, unfortunately, to have them checked by a professional. Being a good driver isn’t just about passing your test, it is a lifelong journey.

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Cutting Back On The Cost Of Driving

There could be several reasons why you’d want to cut your driving costs. A change in circumstances could call for the need to budget, or you could be simply looking to free up your cash for something else. Whatever the reason, there are a lot of ways you can save money on driving.

Take a look at some of the following ways to cut back on the cost of driving to give your finances a boost.

Switch to a more affordable car

Car payments can really eat into your budget, so if you’re looking for a simple way to free up money each month, consider buying a cheaper car. While having an expensive car is great, if you only need a car to get you from A to B, then something more affordable can just as easily do the trick. Buying a used car is one easy way to reduce your car payments, so why not shop around to help you find a good deal?

Shop around for insurance

Besides the cost of the car itself, car insurance can be your next biggest outgoing. It’s important that you shop around for the best insurance deal each time your renewal is up – you never know what kind of deals you could get from a cheaper provider. You should read more about finding low-cost car insurance so that you can get a better deal. Many providers will even offer a no claims discount, so if you’re a good driver with no history of accidents, you could save even more!

Drive less

One easy way to cut down on the cost of driving is to drive less. By carpooling or taking other forms of transport, you could reduce your fuel costs easily. Walking or cycling are excellent ways to commute to work, and as they are free, you could easily find yourself saving some money each week. Save the car for when it’s raining or you’ve got a real need for it – you’ll be surprised at how easily you could get by without one.

Go green

More and more people are looking at ways they can go green to help the environment. By investing in an electric or hybrid car, you’ll be doing your bit for the environment while also going green. Electric vehicles can be great to drive, and if you live or work near the city, it’ll be easier to find a charging point. Take a look at all of the electric vehicles on the market in 2020 to help give you a clearer idea of what’s out there.
Cutting back on your driving costs can easily save you money each month. Whether you’re saving for something in particular, or you just want to cut back, then your car and driving habits should be one of the first places you look. If you’re serious about saving money, then making some lifestyle changes is necessary, so don’t see cutting back on your car as a bad thing, see it as a positive way to take care of your financial future.

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7 Tips For Buying A Reliable Car

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Fed of buying unreliable cars? Finding a car that runs smoothly could save you a lot of money and hassle in the long run. Here are a few tips that can help you to guarantee a reliable car.

Consider buying brand new

The best way to guarantee reliability is to buy a car brand new. That isn’t to say that brand new cars don’t still have their faults – however you won’t have to deal with any wear and tear problems. The downside of buying a brand new car is the cost and many people may simply not be able to afford this option.

Use a trusted dealer

When it comes to used cars, the credibility of the dealer is important to take into account. A good dealership will only sell cars that are in acceptable working condition. You can find these dealers by asking for recommendations off of family and friends, as well as reading reviews online.

Choose a reliable brand

Certain brands have a good track record when it comes to producing reliable vehicles. For instance, Mazda is usually regarded as a pretty reliable brand. Try looking for dealers that specialise in such brands such as Renton Mazda. Avoid brand and models that have a bad reputation when it comes to faults.

Check the mileage

The more miles a car has done, the more wear and tear there’s likely to be. This means a greater chance of faults. Modern cars tend to have a ‘life expectancy’ of 200,000 miles – at this stage, most of the parts will likely need replacing. For more chance of reliability, you should usually aim for under 100,000 miles. Sites like Cenex offer for information on mileage.

Look into the vehicle history

It’s worth also considering the vehicle’s history. If there’s a long history of faults and repairs – and if the vehicle has switched hands lots of times – it could be a bad sign. You may also want to be wary of vehicle that’s been sitting idle on someone’s drive for years – a car that hasn’t run for a while could be as much of a problem as a car that’s got too many miles on the clock.  

Bring a mechanic/knowledgeable friend with you to view the car

Bringing a mechanic or knowledgeable friend along with you could be beneficial. They may be able to take a look under the bonnet and spot any problems that may not be obvious. They may also know certain questions to ask the seller.

Always go for a test drive

A test drive can be a great way to see how a car feels. It may allow you to spot problems such as sticky gears or steering issues that you wouldn’t have otherwise known about. A trustworthy seller will always offer a test drive – if they refuse, it’s probably because they’re hiding something. 

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