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Two of the richest in the world do not share the same opinion on this issue.
Elon Musk and Bill Gates have fortunes of more than $ 100 billion, and therefore have more than enough funds to develop new products and work on big projects. The Microsoft founder has become a philanthropist through the Bill and Melinda Gates Foundation, which spends money on everything from vaccines to a better climate.
Tesla CEO Elon Musk, for his part, is investing heavily in electric vehicles and also has revolutionary plans for the future.
Musk already has big plans for Tesla Semi, which are the automaker’s electric trucks. Earlier this summer, Musk confirmed that the truck would go into series production and also has big plans for electric-powered planes in the coming years, according to the electrek website.
Also read: The wildest conspiracy theories: believe that this billionaire is behind the coronavirus (+)
– Probably never
Gates thinks the idea is a good one with more EVs, as it is better for the climate. But Gates says we won’t see big trucks or electric jets in the future.
– The problem is that the batteries are big and heavy. The more weight you try to move, the more batteries you will need to power the vehicle. But the more batteries you use, the more weight you will put on and therefore need more power. Even with major advancements in battery technology, electronic vehicles will likely never be a practical solution for things like 18-wheelers, cargo ships, and passenger planes. Electricity works when you need to cover short distances, but we need a different solution for large and long-distance vehicles, Gates writes on his blog.
Musk has received this after several reactions on social media, and his response to Gates was very clear:
– You have no idea.
I got the stock market churning
Tesla shares have risen enormously so far in 2020, in fact by 400 percent through the first week of September inclusive. But last Tuesday, the share collapsed by as much as 17 percent.
Also read: Tesla collapse in the stock market: – Should fall 90 percent
The drop came after several stock experts warned of the electric car company’s sharp rise. David Trainer, chief executive of New Constructs, which makes stock market analysis software, believes Tesla stocks are the most dangerous on Wall Street.
Trainer believes that the basic financial preconditions in the company are far from defending such a high price and valuation. He illustrates it as follows:
Imagine a best-case scenario, like Tesla producing 30 million cars over the next ten years, entering the insurance industry, and making margins as high as Toyota, by far the most efficient automaker in the world. If all of this turns out to be true, the stock price will remain too high relative to the company’s profitability, Trainer says on CNBC’s “Trading Nation.”
This is the treatment that Bill Gates would have had if he had fallen ill with covid-19:
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