Shoot us a Text.
This Thursday we’re doing a fly over of yesterday's Fed announcement on interest rates. We’re also talking about a massive Tesla powered neighborhood, as well as a pretty solid case for hydrogen. Yes, hydrogen is still in the running.
- The Fed indeed raised interest rates by another .75% yesterday marking the 5th rate hike this year and there is no sign of the increases slowing down.
- Fed Chair Jerome Powell announced the rate hike while adding that rates hikes will continue until inflation is reigned back in as they forecasted another 1.25% points in hikes throughout the end of the year noting that a ‘soft landing’ for the economy was not likely
- To review the first hike of .25% was on March 17th of this year when the base rate was zero. From there we saw hikes in May, June, July, and yesterday bringing the rate to its current 3.25
- The rate was initially brought to zero in 2008 in an unprecedented move to stabilize the economy and stayed there for over 7 years before slight increases began
- An entire neighborhood of homes equipped with Tesla solar roofs and powerwalls has been steadily moving forward and is kicking into high gear.
- A partnership with Brookfield Asset Management and Dacrawith is making this 12,000 home project a reality as Tesla has quietly ramped up installation crews as they move toward the first Tesla solar neighborhood called Easton Park located in Austin, TX
- There are already many homes built that are equipped with the ‘tesla roof package’ and thousands more are being sold and built
- Easton Park resident Mario D said it was far cheaper to have the roof installed when the home was built and also added that the energy saving habits he already deploys will turn the roof’s power generation into a passive income stream as he sells power back to the grid
- Tesla has also started a company to create ‘virtual power plants’ that sell power to the state of Texas
- Markus Heyn, the head of mobility for Bosch says we need to lean on experience as he warns that we need an alternative to lithium-ion batteries in order to avoid a supply disruption.
- He mentions Elon Musks limited view of hydrogen fuel cells as Musk shot down the idea that they could be a viable option because they aren't as efficient as BEVs. However, Heyn says this is an engineers view of a solution when there should be other considerations
- Particularly pointing to the gas crisis in Europe due to Russia’s exerting control over a fuel source. He asks what happens if there is a similar situation with battery cells
- He warns not to let perfect get in the way of good as hydrogen fuel cells are a much more prevalently supplied resource
Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.
Get the Daily Push Back email at https://www.asotu.com/
JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
