When I read this article and also when I see quadcopter endurance tests (just over two hours) I come to the same conclusion as you do. Electric jets aren't happening.

So it is so strange and fascinating that Elon Must seems to think that it could be done.[1] Like: if we take todays lightest and most aerodynamic sail plane, add batteries and an electric motor, and it's still worse than a cessna [2] - how exactly does he reach the conclusion that electric jets, _vertically starting and landing_ jets, are feasible? I really wish for something like the hyperloop design-docs to explain the thinking behind it :)

[1] e.g. http://bgr.com/2016/02/07/elon-musk-electric-jet-great-idea/ - “Well I have been thinking about the vertical takeoff and landing of an electric jet a bit more,” Musk said. “And I think I have something that might be close. I’m quite tempted to do something about it.”

[2] MEA: https://www.iei.liu.se/machine/applications_re?l=en