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Previous discussion of Mercedes' announcement: https://news.ycombinator.com/item?id=15219469 https://news.ycombinator.com/item?id=15219469 However, what surpr
by ckastner 9y ago
Previous discussion of Mercedes' announcement:
https://news.ycombinator.com/item?id=15219469 https://news.ycombinator.com/item?id=15219469
However, what surprised me in this article is the following:
> VW has earmarked 50 billion euros for batteries for its electric cars
That's more than Tesla's current market cap.
Edit: Seems I missed the article on the front page, as the latter is also being discussed:
https://news.ycombinator.com/item?id=15224578 https://news.ycombinator.com/item?id=15224578
- adventured 9y ago> VW has earmarked 50 billion euros for batteries for its electric cars That's a meaningless number without the context of how many years it's spread across - which is of course the vaporware point of the statement from VW, it's about grabbing a headline (hey look, we're doing X thing too, we're not the next Nokia, really!). Tesla might as well issue a press release that says they plan to spend $200 billion on batteries (over 20-30 years, but you know, leave that part out).
- lazyjones 9y ago>However, what surprised me in this article is the following: >> VW has earmarked 50 billion euros for batteries for its electric cars You have to take these announcements with a grain of salt and in the light of China's announcement. The big car makers who have been criticised for being late to the party, are making these claims now mainly to prevent sliding share prices as investors begin to draw conclusions.