Tesla entering the SP 500

[glennds]

There is no doubt that the powers that be want to move all vehicles to electric. I have to wonder tho: There are currently around 15M registered vehicles in the state of CA. The power grid can not currently handle the capacity needed (brown outs) when very few of those vehicles are plug-in. What's gonna happen when the entire state is plugging their cars and trucks in at the same time people are running their air conditioners?

FWIW, one of the touted advantages of a smart grid is that things could be set to charge overnight when other electronics aren't being used (or any time when power demands on the grid are slack), helping electric companies peak shave.

Correct. I set my Tesla to charge after midnight when rates are lower. Same with my dishwasher. But we're talking 15M vehicles in CA alone. I don't think the current grid there can handle anything close to this.

What kind of amperage does your Tesla draw while charging?

[glennds]

There is no doubt that the powers that be want to move all vehicles to electric. I have to wonder tho: There are currently around 15M registered vehicles in the state of CA. The power grid can not currently handle the capacity needed (brown outs) when very few of those vehicles are plug-in. What's gonna happen when the entire state is plugging their cars and trucks in at the same time people are running their air conditioners?

FWIW, one of the touted advantages of a smart grid is that things could be set to charge overnight when other electronics aren't being used (or any time when power demands on the grid are slack), helping electric companies peak shave.

Correct. I set my Tesla to charge after midnight when rates are lower. Same with my dishwasher. But we're talking 15M vehicles in CA alone. I don't think the current grid there can handle anything close to this.

What kind of amperage does your Tesla draw while charging?

With a standard 220v 14-30 outlet (electric dryer style), it draws 32 amps. Some of the more expensive models can draw 40 amps with a Tesla add-on. And if you go to one of their SuperCharger stations, the amps are really high, but idk the exact figures.

That's a pretty hefty draw. You're right then, at some point it's a valid question as to whether it would strain the power grid to carry the additional load of millions of electric vehicles charging. On the plus side, if the majority of charging happens at night, when the grid would have fewer competing uses than during the day.

Changing subjects a bit, I always thought the Tesla Wall was a great idea, but I haven't heard about whether it has been a hit or not. I'm speaking of the whole house battery wall that allows you to recharge at night at lower cost and then feed your house all day.

[dualstow]

Some call it ‘The Pluggening.’

https://www.wired.com/story/electric-ca ... tric-grid/

[mathjak107]

There will be about 15 billion dollars in forced Tesla stock sales when tesla enters the s&p 500 , from all the extended index funds who hold everything but the stocks in the S&p.

They have to dump Tesla by design as they can not hold any s&p stocks .

Tesla actually may put a drag on S&p index funds since Tesla now has to get bought at very high prices while stocks getting booted get sold at very low prices ....

The Tesla deal may actually hurt the s&p by about .30%

Total market funds may be a better choice since ipo’s get added immediately unlike the s&p which has to buy them at top prices.

Since many of us have big tax implications selling our s&p 500 funds in taxable accounts and buying a total market fund there is a simple solution

For every 5 bucks one has in an s&p fund if you buy 1 dollar in an extended market fund then in effect you created a total market fund

[pmward]

Typically, when a stock is added to the S&P they tend to run up in the days prior to the addition, and then tend to underperform for a year or two after inclusion. There's just simply nobody left to buy. Anybody with a TSLA position, the coming weeks are the time to think about selling or at least severely trimming the position, imo.