The agreement means Uber drivers in London will be able to use clean air funds to buy or lease a Tesla car at discounted rates from Wednesday
Drivers could already use the money to switch to electric vehicles (EVs) made by other manufacturers such as Nissan Hyundai and Kia
Uber has raised more than £135 million through adding a clean air fee for all trips in London since January 2019
Funds have built up for each driver depending on how many miles they have clocked up
An Uber spokesman said a typical driver has around £3,500 to £4,000 available to put towards getting an EV
The firm has committed that all its vehicles in London will be fully electric by 2025
More than 4,000 drivers have already made the switch to an EV, and more than 90% of new vehicles joining the app are electric
Since March, passengers in central London have been able to request they are picked up by a fully electric car
Fares for the Uber Green option match those for trips by other vehicles, while drivers are charged a reduced service fee
Jamie Heywood, Uber’s general manager for northern and eastern Europe, said :
"Uber drivers are switching to electric vehicles at a much faster rate than the mass market, thanks to the lower running costs and greater earning potential of driving in an EV"
“The launch of Uber Green this year means that drivers earn more per trip in an EV, so there has never been a better time to make the switch"
“There is still a lot of work to do to drive a green recovery and clean up urban transport, but the progress we are seeing in London is significant and as a city we are leading the way globally"
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All the data is on a single worksheet, but we share it here in two parts for simplicity
From left to right it shows :
- Production
- Inventory
- Wholesales
- Exports
- Retail Sales
- New Insured Vehicles
- Tesla Market Share
- China EV Market
- China Auto Market
In the second sheet we have analyzed the monthly Production output using our own guesstimates of the production scheduling metrics for each of Model 3 and Model Y
The current angst that the FT is reporting in some parts of the "investment community" tells us more about the woefully inadequate state of most investment analysis than it does about the fair value of TSLA shares
Let's examine this a bit more closely :
1. Equity Investment is about buying growth
- and the best growth to buy is that which will continue for a long time
2. To be able to see and buy growth you have to look out out into the future at least 5 years and preferably 10 years
3. When Buying a stock it is largely irrelevant what today's or next year's earnings are or what today's or next year's P/E Multiple is or will be
Tesla has booked 45 GWh of Lithium Iron Phosphate LFP batteries from Chinese power cell giant CATL for next year's sales plan, primarily for the Model 3 and Model Y vehicles, 36kr reported today cnevpost.com/2021/10/29/tes…
In addition to booking 45 GWh of batteries from CATL, Tesla plans to add to existing orders, and the two sides are already in talks, the report said, citing people familiar with the matter
CATL would not comment, the report said
Tesla and Panasonic's Nevada battery plant will also expand to produce more than 40 GWh in 2022, and together with supplies from LG Chem, Tesla's 2022 sales will be at least 1.5 million units, the report said, citing industry sources