Musk raises expectations for Tesla with more bold statements
Following the forays of established automakers into the electric vehicle industry, with the possible exception of BMW, is largely unexciting. New developments are occurring all the time, of course, but for some reason the auto industry’s big players don’t inspire much great hope that electric vehicles will make a significant dent on overall sales anytime soon.
Then there is Tesla Motors. Whenever news in the larger electric vehicle industry is uninspiring, Tesla always remains a beacon of hope for the future. No automaker in the electric vehicle sector has the ambition or vision of Tesla, and most don’t execute their EV plans as well as Elon Musk’s crew.
Much of that ambition, vision, and execution is a reflection of the company’s leader. Musk has an irrepressible drive and enthusiasm for ridding the transportation sector of carbon-based energy sources and an intellect that few (if any) auto executives can match. He is also well-known for his perfectionism, on display with the delayed launch of Model X in part because Musk’s need for perfection is so hard to satisfy.
Does Tesla have a future ace in the hole?
In Thursday’s conference call after the release of Tesla’s quarterly earnings, Musk put forth the expected rhetoric concerning the Gigafactory, launch of Model X, inferiority of hydrogen fuel cells, etc. But a couple comments in particular stood out to attentive observers.
First, the most cryptic statement: when asked about R&D and capital expenditures, Musk answered suggestively. "In the past we've shown all of our cards, so people have kind of gotten used to us showing all of our cards. We’re not currently showing all our cards."
Of course, this isn’t necessarily an indication that Tesla is planning something epic. But it is a comment that cannot be ignored coming from Musk; Tesla has never been shy about revealing even its boldest future plans, so the implication that the company has something up its sleeve could be an important one.
It could be related to ultra-fast charging technology, stationary energy storage, autonomy, or other advancements in batteries or supercapacitors. It could amount to nothing of consequence. It could be anything, really. With Musk and Tesla on a different level than the other automakers, nothing is off-limits; that is what makes comments like these intriguing to those following the EV industry.
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