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In electricity planning, everything is geared to peak demand. About 15% of the total generation capacity in Ontario is required because of peak demand for 50 out of the 8,760 hours a year. In other words: Billions of dollars of capital cost are spent in developing the capacity to prepare for and supply demand which occurs only 0.57% of the time.
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Tesla’s market capitalization (value) is greater than the combined value of General Motors, Ford, Fiat Chrysler, Toyota, Honda, Volkswagen, Nissan, Daimler (Mercedes Benz), Hyundai, Kia, BMW and Renault as of January 2022.
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