TheMotorcycleBoy wrote:BobbyD wrote:TheMotorcycleBoy wrote:Hi folks,
I'd been wanting to add exposure to battery storage in my investments and was shocked and disappointed to discover that my broker (iWeb) don't have access to Gresham House Energy Storage Fund PLC LON: GRID. I then decided that a reasonable plan might be to add TSLA shares since they have an Li battery business as well as the cars.
However, what I was wondering was the answers to the following:
1. the % of sales and earnings contributed by the battery business to Tesla on the whole.
2. the rate of growth of these for the battery side of the business.
Has anyone on here got a rough idea of these figures?
thanks Matt
It strikes me as a terrible proxy for GRID.
You're right. I downloaded TSLAs FY21,
Energy generation and storage = $1,994USD
Total revenues = $31,536USD
Not a good plan!
I'd definitely also consider that despite all the bold talk some years back Tesla is a customer for batteries like every other auto company, and their inability to bring the cybertruck, the Semi or the roadster to market appear to be largely due to their complete inability to produce their much hyped new battery in anything close to commercial quantities.
Why not just open an account with a new broker, if GRID is the investment you decided on?
Hell VW have a better portfolio of battery assets than Tesla!
Uh huh...
Personally I'd rather like GRID to go back down so I can buy some more...
Please don't mention the name. I'm still upset.
Edited to add: You can I think hold Gore Street Energy Storage on iWeb. Not a recommendation I haven't looked at them for donkeys, and plumped for Gresham House instead.
Ta, will check out.
Matt
The problem with batteries and panels as an investment is that they are predominantly commodities with little difference. Tesla tiles are different but this market is mostly new build and builders are notorious for making new houses as cheap as possible.
If e.g. Mr & Mrs Jones, want solar or batteries or car company wants batteries etc then the usual choice is the lowest price.
By contrast if Mr & Mrs Jones want an electric car they can either buy a low spec legacy auto product, or for similar money a Tesla. Given the performance, safety, kudos and re-sale value, a Tesla is a far more attractive proposition. Obviously some will still buy by price, but many, in the luxury car sector, are often well clued up and want the best. This allows Tesla to have a higher margin, as does Apple in consumer electronics for similar reason.
Every time I have looked at "picks and shovel" and compared them to end maker, the end maker has been a far more successful investment. Every now and then there are exceptions, but mostly its when a supplier has something that the end maker must have and hence the supplier can have good margins.
The other relevant point is whether German makers will be power rationed this winter if Russian gas supply is kept low. If this happens it will hurt Tesla Berlin but do even more damage to makers with more factories in Germany. If is however complicated since one has cross currents of auto demand down, solar panels/batteries maybe up as German's seek alternatives energy. It is a recipe for volatility and it is not clear to me what will happen to battery/panel prices in such a scenario.
Regards,