{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/biggest-step-change-in-asset-value-in-history-tesla-masterminds-next-revolution-in-evs/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"“Biggest step change in asset value in history:” Tesla masterminds next revolution in EVs","slug":"biggest-step-change-in-asset-value-in-history-tesla-masterminds-next-revolution-in-evs","createdLocal":"2023-07-20 14:30:59.592418","publishDate":"2023-07-20 00:00:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://thedriven.io/2023/07/20/biggest-step-change-in-asset-value-in-history-tesla-masterminds-next-revolution-in-evs/"},"postSummary":{"childMarkdownRemark":{"html":"<p>There is a conventional way to look at auto company profits, and then there is the Tesla way.\nTesla’s second quarter results show adjusted net income of $US3.1 billion for the quarter, which is higher than most market expectations.\nNormally, that would be a really big deal for the market, because it looks like Tesla is cannibalising its margins.\nOr, as Tesla CEO Elon Musk put it during the earnings call: “This is the biggest single step change in asset value in history.”That sounds like, and is, a typical example of Musk hyperbole.\nTake, for example, the GigaPress, the manufacturing revolution that allows Tesla to produce cars much cheaper than anyone else.</p>"}}}},"pageContext":{"slug":"biggest-step-change-in-asset-value-in-history-tesla-masterminds-next-revolution-in-evs"}}}