2.) if cheap energy density is the problem they want to solve, then this process at least needs to be compared to using the land to grow plants in order to turn them into ethanol fuel. So a comparison like "wind farm under average conditions + ethanol farming" vs. "wind farm under average conditions + solar under average conditions + CO2 to ethanol process" --> how many Joules of kinetic energy can you produce per square kilometer of land, given the fuel/electricity is used in the currently most efficient motors/batteries?
Here's the kicker: the energy density of liquid fuels is super-hard to beat. Batteries (and super-capacitors) are getting better, but relatively speaking, on a whole bunch of dimensions, it doesn't get much easier economically, technically or infrastructurally than burning some hydrocarbon. Hopefully sulfur and mercury free.
Tieing "the energy of the future" with "the infrastructure of today" is a very attractive concept that draws a lot of funding from a lot of folks. And researchers, in labs, are working on things that have various limitations of their own, such as "well, gosh, how do you make a copper-iridim-mesh-alloy-hydromister in volume?"
On this topic, though, in this context: no need to yell. You make a good point.
I will say that it is devilishly hard. Liquid fuels have some impressive characteristics, that make them an easy "go-to" for almost 100% of our heavy portable-power use-cases, and economic alternatives for those use-cases must almost be developed one-at-a-time. I'm an engineer, not a policy constructivist, so somebody saying "tax it" to bring alternatives to economic parity is vaguely unsatisfying to me.
If Tesla can deliver on making the required batteries as cheap for the usecases outlined above, it is the most promising way of solving an important part of the very near future crisis of unpaid negative externalities we've been causing in our fossil fuel based economy. Neither fuel cells nor bio fuel (both ways to get back higher energy density) can do this, because both can never beat the economics of fossil fuel when you run the numbers, especially in our post shallow water fracking world.
There is a big caveat however: It won't do any good if we continue to demolish the clean electric energy we got from nuclear and replace it with fossil fuels. Clean energy in total actually slowed down if not reversed because of recent nuclear scares. That includes Germany btw., often cited for their solar/wind efforts, but this was hardly able to replace the nuclear plants they're closing at the same time. This ist the stuff where I'm getting angry at the world... it's like a frog in a slowly boiling pot throwing out his supply of ice cubes because it scared him.