The Success of Tesla Depends on True Science [Part 1]

Not on the “science” cult of the media and the academy… [Gilder's Daily Prophecy] September 18, 2020 [UNSUBSCRIBE]( | [ARCHIVES]( Geroge Gilder, “This Is 3x Bigger Than 5G…” you too LATE to get rich off of the 5G revolution? This might surprise you, but… According to [this new video]( from George, you may have missed that boat. At least, missed enough of it to make a fortune. However, that doesn’t mean you’re out of luck entirely. Because the same expert just revealed an opportunity he says could be 3x as big. [He’s calling it “15G” — click this link for more details.]( Just don't miss the hard deadline of Sunday, September 20th, at midnight. The Success of Tesla Depends on True Science [Part 1] [George Gilder]Dear Daily Prophecy Reader, As anyone knows who scours through the business press, September 22 is “Battery Day” at Tesla. Elon Musk will celebrate the energy storage feats of his battery company — which as you may also have heard has a fancy sportscar attached, bearing a novel and amazing Automotive Subsidy Catcher (ASC). Hey, among Musk’s many innovations, don’t disparage the crucial ASC. In California, it has been estimated to suck up as much as $45,000 per car even before the state bans its internal combustion rivals altogether. Still, the ASC aside, Tesla’s contribution to the car, as well as much of the weight and wallop of the whole caboodle, comes from the battery. In Life After Google, I told the story of my ride to the Palo Alto Caltrain station in a “self-driving” Tesla Model “S” with Nvidia chief scientist Bill Dally, whose company provides Tesla’s “Drive PX system.” This is the graphics processing machine-learning module that links the car from the outer space of Musk’s self-driving imagination to the high-entropy whirl on the streets. “In the Nvidia garage in Santa Clara, I board the sleek gray boron steel and titanium missile, noting its futuristic payload of a 1,200-pound lithium-ion battery.” I commented captiously that “fully charged, it can almost replace 60 pounds of gasoline in the tank of an internal combustion engine.” That lithium is the world’s lightest and most reactive metal makes it attractive for storing power for mobile systems such as smartphones and cars. But in energy terms, lithium is some sixty times heavier per unit of power than gasoline is. Those 1,200 pounds seem steep just to stash the charge to take a car a couple hundred miles. So Elon’s focus on batteries makes sense. After all, the world automobile industry, supremely competitive, already gives us cornucopian cars. Information Theory Meets Tesla As Howard Hayden of the authoritative Energy Advocate writes: “Walk into any showroom for new cars, close your eyes, spin around and then point to a car. It runs beautifully…” He recounts its other virtues: It’s “fuel efficient” beyond dreams of a few decades ago, has “clean exhaust,” is “comfortable” and will run for “at least 200,000 miles,” has air conditioning and a heater, has a great radio and music system linked to global positioning satellites, and it probably provides a backup camera with warning systems for danger. Though nothing Elon would favor, it even has a perfectly good battery storing about a kilowatt hour of electricity. “So what’s wrong with that car that politicians are outlawing it?” The problem is obvious to all. “It burns gasoline. It’s causing ‘climate change’.” Currently imposing deadlines for outlawing these vehicles and lavishing subsidies on electric cars are jurisdictions around the globe — from Norway and the UK, to California and Los Angeles. This is “life after capitalism” for you. Rather than allowing the market to summon and pay for new more efficient and effective technologies, the government prints money and issues edicts. Entrepreneurs who know what is good for them tend to go along. Supreme among the entrepreneurs of life after capitalism is Elon. He shows nearly flawless instincts in navigating the noise of government and green religion that dominates the business environment in most of the world. So what does my information theory of economics have to say about Tesla? A Tesla automobile is an information product. As MIT’s Cesar Hidalgo explained: “If an expensive car crashes into a wall, all the information and value disappears though all its atoms and molecules remain. Value is information. The car is knowledge.” Tesla’s future depends not on the properties of lithium or titanium, or on the alleged greed or even self-interest of Elon, whom former labor secretary Robert Reich called a “modern day robber baron.” His alleged offense: cutting worker pay while Tesla shares skyrocketed. Musk answered that Reich is a “modern day moron:” workers get shares too, so their income also soared. And like all other engaged entrepreneurs, Musk is not liquid. If he tried to cash in his $90 billion of Tesla equity, and the stock would collapse faster than he could sell it. The value of Tesla stems from entrepreneurial learning, crucially in battery technology, where the company is reportedly pioneering larger diameter cells, tab-less electrodes, nanowire connectors, new anode and cathode chemistry, and “battery walls” for factories and even residences. Musk is learning how to find value building “giga-factories” in Shanghai, Berlin, Austin and Freemont. He is even collaborating with his former CTO J. B. Straubel in contriving a “reverse-Gigafactory” for reclaiming the materials from used batteries, thus learning to recycle the toxic wastes of battery use into a new asset. Today’s Prophecy Attempting improvements in every facet of production, every manufacturing process, every detail of design and marketing and management, Tesla is plunging into a maelstrom of galvanic learning curves. It is innovating not only in batteries but in powertrains, solar panels, and manufacturing technologies galore. Musk knows that money is time and that the faster he moves the more he can accomplish. He has learned to doubt the monetary signals of the manipulative Fed and convert his every project as fast as possible into a real product that he can sell. Elon Musk understands in his bones that enterprise is a learning process, building knowledge, not a financial process chasing the ever more mendacious dollar. Tesla’s vulnerability as a learning machine is the “ASC” — its amazing subsidy catcher — which falsifies many of his entrepreneurial lessons. Musk must know that the ridiculous climate change panic that the politicians impose is just as spurious as the COVID crisis that briefly shut down his factory. It ultimately prompted him to defy the shutdown orders from California Governor Newsome. As an entrepreneur, he has to deal with the world as it is, including the fantasies of the pols. But he must take care not to become addicted to their delusions. His “power-trains” will eclipse their power trips. In the end, the success of Tesla and all his other companies will depend on true science, not on the “science” cult of the media and the academy. I will appraise his chances in the next Daily Prophecy. Regards, [George Gilder] George Gilder Editor, Gilder's Daily Prophecy P.S. Speaking of Tesla… My colleague is uncovering research that could send shock waves across the tech industry. [As soon as next week, Tuesday, Sept. 22, just minutes after 4:30 p.m.]( That’s when Elon Musk will take the stage at the Fremont, California, automotive plant and make the biggest announcement of his career at Tesla’s Battery Day event... An announcement that could have a MASSIVE impact on your wealth, if you know how to take advantage. Here’s the deal... Battery Day is when it’s expected Elon will release the details of a brand-new “million-mile” battery — just like I discussed in today’s prophecy.. The media have already confirmed it. Yahoo reports, “Tesla set to unveil new million-mile battery…” And Barron’s reported that Elon is “slated to announce a number of potential game-changing battery developments…” Inverse said this could be the most important event in Tesla’s history. However, according to my trusted colleague Ray Blanco… The media are missing what could be the MOST important part of this story. The story of how a tiny $2 battery company founded by a former senior Tesla battery engineer already holds the key to the million-mile battery… A technology that’s already protected by patent application No. 3069168. According to Ray, if Elon Musk mentions the name of this tiny company on stage... There is no telling how high it could go. If the stock jumps by just $2, investors could double their money in a matter of minutes. As you can see, this situation is extremely urgent. That’s why Ray is going live in an urgent summit exactly 24 hours before Elon stakes the stage. It’s called the 10X Announcement Summit, and it’s scheduled for Monday, September 21st at 4:30pm EST. At that time, I’ll send you an email where Ray will go live with the biggest moonshot call of his career. Mark your calendar now. In the meantime, Ray has put together a website where you can get caught up on all of the details ahead of time. [So please click here for more details.]( Could This Hero In Reagan’s Video Make You Rich? [Reagan]( revealed his heroes of free enterprise... One of them being the man who predicted the smartphone revolution. That same hero is back with a shocking new prediction... That you could use to your financial advantage. Who is this legend and what's he predicting? [Click this link to find out.]( [Gilder Press] To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, [click here to unsubscribe](. 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