Stock Market

[Hobo Hilton]

Just noticed that Tesla closed at $815.12 - +9.78%.

Here's what Cadillac's new $300,000 electric sedan will look like

The Celestiq marks a pivot for Cadillac into hand-built vehicles, which are typically reserved for high-end sports cars and uber-luxury models.

www.cnbc.com

 

[S3th]

Here's what Cadillac's new $300,000 electric sedan will look like

The Celestiq marks a pivot for Cadillac into hand-built vehicles, which are typically reserved for high-end sports cars and uber-luxury models.

www.cnbc.com

Hand built and only 100s produced every year... don't know how that will compete with the exotic/luxury brands. At the end of the day, it is a Chevy.

 

[Hobo Hilton]

Hand built and only 100s produced every year... don't know how that will compete with the exotic/luxury brands. At the end of the day, it is a Chevy.

Built to "Government Specifications"... You know, carbon foot print, 3 letter agencies, tariffs, legal fees, supply chain shortages... Very few Millennium's or Gen X's can hand build anything but a hamburger so there will be Green Cards brought in who have some Old world craftsmanship... Lots of promo cost to build a Chevy.
Perhaps I should have put this in the "Downfall" topics.

 

[Inifinty]

Built to "Government Specifications"... You know, carbon foot print, 3 letter agencies, tariffs, legal fees, supply chain shortages... Very few Millennium's or Gen X's can hand build anything but a hamburger so there will be Green Cards brought in who have some Old world craftsmanship... Lots of promo cost to build a Chevy.
Perhaps I should have put this in the "Downfall" topics.

In heaven God is going show where all the generations screwed the pooch and turned their backs on Him.

Posted on the Internet which was fielded for you by GenX.

Hamburgers.

 

[E. Bryant]

Hand built and only 100s produced every year... don't know how that will compete with the exotic/luxury brands. At the end of the day, it is a Chevy.

I think more highly of it than that, but it doesn't move the needle in any appreciable fashion.

The single biggest question about GM's potential for success in the EV marketplace has to do with its pickup truck architecture vis a vis that of Ford's, as well as the general acceptance of this propulsion technology by truck buyers. Almost everything else is noise absent some massive shift in buying habits.

 

[Hobo Hilton]

Hand built and only 100s produced every year... don't know how that will compete with the exotic/luxury brands. At the end of the day, it is a Chevy.

Just think.... 40 years from now some kid with a mechanical aptitude will find a Cadillac Celestiq in a barn all covered with a old dusty tarp, drag it to his shop and install a small block Chevy engine from the 60's in it and have a real attention getter...

 

[lariat]

MSN

www.msn.com

 

[W54/XM-388]

MSN

www.msn.com

Good, they deserve to be taken down a whole bunch of steps.

 

[Hobo Hilton]

America has undergone many changes over the past 50 years.... Many of those changes have been in the "culture".... We have done away with the "Dirty Jobs".... So many times, once something is lost, it is difficult to get back. Mining, timber, cattle, road building, power plants, etc....

 

[Bigfatcock]

Crude to $75 by Christmas.

Short commodities to gain financial independence.

No amount of 3rd world shit holes can make up for loss of U.S. consumer spending.

All bullish analysts are wrong.

 

[S3th]

Crude to $75 by Christmas.

Short commodities to gain financial independence.

No amount of 3rd world shit holes can make up for loss of U.S. consumer spending.

All bullish analysts are wrong.

just buy Tesla.

 

[Bigfatcock]

just buy Tesla.

I’m not gay.

 

[OldSalty2]

Good, they deserve to be taken down a whole bunch of steps.

Aren't these companies more "socially conscious"? Surely they will not have massive layoffs which will negatively impact their local communities? Can't they just cut into profits until things get better?

 

[S3th]

I’m not gay.

Well damn, then you must short it to prove otherwise.

 

[Bigfatcock]

Well damn, then you must short it to prove otherwise.

Oh dang, my reading comprehension is lacking. I thought you posted to buy a Tesla, lol.

I’ve been long Tesla since it was in the $200’s pre split. Love what the company does.

 

[Hobo Hilton]

Crude to $75 by Christmas.

Short commodities to gain financial independence.

No amount of 3rd world shit holes can make up for loss of U.S. consumer spending.

All bullish analysts are wrong.

Propaganda is saying this is the "new norm"....

 

[lariat]

Propaganda is saying this is the "new norm"....

Its completely the new norm. Only an idiot couldn't see this coming after all the money that was pumped in, the oil and gas leases shut down, a level shit ton of our money sent out to Ukraine that has just defaulted on its debt despite being given everything under the sun, our own supply chain issues and credit card debt rising all while our citizens are stupid enough to pay high premiums on used cars, new cars and all kind of homes.

This IS normal. Its the downturn that comes with malinvestment. The piper has to be paid. And make no mistake, it isn't the politicians who are at fault - its US - you and me. We let them spend like there is not tomorrow while WE as a collective spend money/increase our debt like there is no tomorrow on mostly worthless bullshit. We are to blame for shitty votes for decades and not having enough self-control to buy only what we need and saving before we buy it. Now we get to enjoy the backlash, and add to it those bad actors on the world stage who are going to capitalize on the weakness that has been brought about by our own laziness and lack of impulse control. We have fucked ourselves and actively assisted those that want to REALLY go in dry. The sooner we can accept the responsibility for what we have become because of our own inaction and wayward action the sooner we can 1) see the problems for what they really are and 2) correct them. Until we have that level of maturity the pain will continue and grow in fierceness.

 

[S3th]

Toyota will not press its suppliers to lower component costs, Boeing workers agree to strike, and U.S. automakers struggling to fill job vacancies. All that and more in The Morning Shift for July 25, 2022.

Toyota Motor Corp will not unilaterally press its suppliers for lower prices for the second half of its fiscal year and is also considering supporting their energy bills, an executive said on Monday. The move reinforces an attempt by the world’s largest automaker by sales to shoulder more of the burden faced by suppliers as global supply chain woes continue and energy costs soar. Like other automakers, Toyota has been battered by the global shortage of semiconductors and COVID-19-related lockdowns, prompting repeated cutbacks in vehicle production and frustrating suppliers.
Toyota initially sent out a request for lower prices for the July-September period to some suppliers, but the company decided not to make a request to cover the October-March period since its production plan has yet to stabilize, said Kazunari Kumakura, Toyota’s purchasing group chief. It also did not make a request for the April-June period.

According to Toyota, supply chain issues and spiraling prices of raw materials are hitting its production costs. Earlier this year, the firm warned that its material costs could “more than double” this year to reach 1.45 trillion yen ($10.64 billion).

This sky-high cost is what led the firm to initially approach suppliers about lowering their prices between July and September this year. But now, it looks like the firm will take the hit in its full-year profits instead. Either that, or the cost of a new Toyota is about to skyrocket

 

[S3th]

Tesla to Open Supercharger Network

One of the biggest selling points of a Tesla is the access to its Supercharger network of public fast-charging stations. It’s undeniably a great service, and one that makes living with a Tesla a little bit easier than other EVs. Well, only if you can see past all their other flaws.

Now, this network of more than 1,200 charging points across 50 states could be opened up to regular EV drivers across America. According to the Wall Street Journal, Tesla is trying to tap into public funding to build more electric-vehicle charging points and open up some of Supercharger network to EVs made by other manufacturers, after a previous White House announcement this month. The WSJ reports:

The EV-market leader is bidding for a portion of billions in federal and state dollars that are up for grabs in coming years as the Biden administration, auto makers and many states try to accelerate a fast-charger build-out along highways to reassure drivers that they can travel without fear of losing power.

Tesla already has a national network of fast chargers for its own drivers, but they aren’t available to other types of vehicles in the U.S. For a year, the company has said it plans to open its U.S. network to others, though details about timing and whether it would open existing stations or new ones have been sparse. Recent regulatory filings and other documents indicate that the company is applying for public funding that, if granted, would require access by other makers of EVs to the network.

The firm has already been awarded $6.4 million toward building chargers in rural areas of California, and White House filings show that it will begin building public charging stations for other EVs by the end of the year.

 

[S3th]

Bentonville, Ark., July 25, 2022 – Walmart Inc. (NYSE: WMT) provided a business update today and revised its outlook for profit for the second-
quarter and full-year, primarily due to pricing actions aimed to improve inventory levels at Walmart and Sam’s Club in the U.S. and mix of sales.

 

[Hobo Hilton]

If America can come out on the other side of this recession, WMT will be there waiting for us. They always have been there....

 

[Hobo Hilton]

Short sellers are closing out short positions against oil-focused exchange traded funds, while money managers have modestly increased their holdings of crude oil futures over the latest reporting week. These trades suggest that speculators, traders, and hedge fund managers may have started to believe that the 20% crash in oil prices since the middle of June could be over, and prices are set to go higher from here.

Traders Are Betting On The End Of The Oil Price Slump | OilPrice.com

In what could be a change of tune for crude futures, money managers have started to close out short positions, turning more bullish on oil markets

oilprice.com

 

[Hobo Hilton]

Morgan Stanley Warns Stock Bulls Deluded by ‘Wishful Thinking’

(Bloomberg) -- The July stock-market rebound has emboldened bulls hoping prices will defy the gravity of the Federal Reserve’s escalating fight against inflation.Most Read from BloombergWho Is Nicole Shanahan, Woman at Center of Musk-Brin Drama?Trump Is Plotting to Blow Up the...

ca.finance.yahoo.com

 

[Hobo Hilton]

General Motors falls short of Wall Street expectations​

Walmart Lowers Its Profit Outlook. Blame Inflation.​

Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs

With inflation hitting a 40-year high, Americans are struggling to keep up with rising prices and putting less money aside for emergencies, several studies show.

www.cnbc.com

Bank of America downgrades Weber as demand for grills slows

Avoid grill maker Weber as the company grapples with slowing demand and a lengthy product replacement cycle disrupted by Covid-19, Bank of America says.

www.cnbc.com

 

[Hobo Hilton]

General Motors' Income Tumbles 40% on China Loss, Parts Shortages - WSJ. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. U.S. WSJ Noted.4 hours ago

 

[S3th]

General Motors' Income Tumbles 40% on China Loss, Parts Shortages - WSJ. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. U.S. WSJ Noted.4 hours ago

Only a small few will survive the decade and GM doesn't make my list.

 

[Hobo Hilton]

Only a small few will survive the decade and GM doesn't make my list.

Yep... I'm with you.... When I see the EV industry, there have been many, many manufacturer's who were "early to the party" and fell by the wayside... At the antique truck shows, they had a few hard rubber tire "trucks" that were battery powered from the 1920's and 30"s... There will be an opportune time to enter the EV industry. My guess is when the next generation of batteries come to market.
Just to replace a gold cart battery is expensive:

How Much Do 48 Volt Golf Cart Batteries Cost​

The 48-Volt golf cart batteries come at a range of prices depending on the Amp-hour and make. Typically, a 46-Volt golf cart lithium battery costs anywhere between $2400 to $5000. You’ll be able to buy 50Ah batteries at the lower end of the range while 100Ah batteries will fall under the higher-end.
______________________
Photos of a "graveyard" of electric vehicles have made the rounds on Facebook in the United States, with users claiming the cars were discarded once their batteries died. But it turns out these cars are actually a former fleet of BlueCars from the Autolib' car-sharing service, which operated in the French capital from 2011 to 2018 before going out of business.

Photos of failed electric car-sharing service in Paris become 'fake news' in the US

Photos of a "graveyard" of electric vehicles have made the rounds on Facebook in the United States, with users claiming the cars were discarded once their batteries died. But it turns out these cars…

observers.france24.com

This photo does not show an 'electric car cemetery' in France

A photo has been shared thousands of times in posts claiming it shows an "electric car cemetery" in France, where electric cars are purportedly dumped when their batteries wear out. The claim is false; the image in fact shows a Chinese rideshare company's cars parked on the outskirts of...

factcheck.afp.com

 

[Hobo Hilton]

Microsoft says China and Russia hurt its earnings

Microsoft's business is taking a hit from events on the other side of the world.

www.cnn.com

 

[CMP70306]

So what’s with the market suddenly spiking up today? Are they trying to bump this month up before it starts to drop again next month?

 

[Hobo Hilton]

So what’s with the market suddenly spiking up today? Are they trying to bump this month up before it starts to drop again next month?

The market bumps up the "Indexes", looks good to the rest of the world and they are putting their money into index funds........ The market will buy the "laggards" of the SP500, DOW, NASDAQ later in the day to slightly bump up the indexes.
The individual stocks will tell you the true story.
It's all about "moving the market" (up or down)... Without movement the brokers don't make any money.
JMHO

 

[S3th]

ENPH pops on earnings

Financial highlights for the second quarter of 2022 are listed below.
• Record quarterly revenue of $530.2 million
• GAAP gross margin of 41.3%; non-GAAP gross margin of 42.2%
• GAAP operating income of $94.0 million; non-GAAP operating income of $152.4 million
• GAAP net income of $77.0 million; non-GAAP net income of $149.9 million
• GAAP diluted earnings per share of $0.54; non-GAAP diluted earnings per share of $1.07
• Free cash flow of $192.0 million; ending cash, cash equivalents, and marketable securities of $1.25 billion

 

[CMP70306]

ENPH pops on earnings

Financial highlights for the second quarter of 2022 are listed below.
• Record quarterly revenue of $530.2 million
• GAAP gross margin of 41.3%; non-GAAP gross margin of 42.2%
• GAAP operating income of $94.0 million; non-GAAP operating income of $152.4 million
• GAAP net income of $77.0 million; non-GAAP net income of $149.9 million
• GAAP diluted earnings per share of $0.54; non-GAAP diluted earnings per share of $1.07
• Free cash flow of $192.0 million; ending cash, cash equivalents, and marketable securities of $1.25 billion

Wishing I had bought in at 115 earlier this year, what are the odds we will get another dip soon?

 

[Hobo Hilton]

ENPH pops on earnings

Financial highlights for the second quarter of 2022 are listed below.
• Record quarterly revenue of $530.2 million
• GAAP gross margin of 41.3%; non-GAAP gross margin of 42.2%
• GAAP operating income of $94.0 million; non-GAAP operating income of $152.4 million
• GAAP net income of $77.0 million; non-GAAP net income of $149.9 million
• GAAP diluted earnings per share of $0.54; non-GAAP diluted earnings per share of $1.07
• Free cash flow of $192.0 million; ending cash, cash equivalents, and marketable securities of $1.25 billion

It's all good until that battery has to be replaced. If you missed investing in ENPH, invest in the future battery.

 

[S3th]

It's all good until that battery has to be replaced. If you missed investing in ENPH, invest in the future battery.

all about cost benefit analysis

 

[Hobo Hilton]

.... "A Key Fed Decision"......

Today's FED decision will not change one of the many factors an American family is dealing with... The future is still unknown.

Dow rallies 400 points as Powell hints Fed could slow pace of rate hikes, Nasdaq jumps 4%

Stocks rallied after the Federal Reserve hinted that it could slow the pace of its hiking campaign at some point.

www.cnbc.com

 

[Hobo Hilton]

ENPH pops on earnings

Financial highlights for the second quarter of 2022 are listed below.
• Record quarterly revenue of $530.2 million
• GAAP gross margin of 41.3%; non-GAAP gross margin of 42.2%
• GAAP operating income of $94.0 million; non-GAAP operating income of $152.4 million
• GAAP net income of $77.0 million; non-GAAP net income of $149.9 million
• GAAP diluted earnings per share of $0.54; non-GAAP diluted earnings per share of $1.07
• Free cash flow of $192.0 million; ending cash, cash equivalents, and marketable securities of $1.25 billion

Not just EV batteries.... All batteries. When the disposal fee is tacked on new batteries the cost will go even higher.

Battery Recycling: The Next Big Challenge For The EV Boom | OilPrice.com

The electric vehicle boom has sent demand for batteries through the roof, but the industry is grappling with challenges associated with how to recycle aged materials

oilprice.com

 

[S3th]

Not just EV batteries.... All batteries. When the disposal fee is tacked on new batteries the cost will go even higher.

Battery Recycling: The Next Big Challenge For The EV Boom | OilPrice.com

The electric vehicle boom has sent demand for batteries through the roof, but the industry is grappling with challenges associated with how to recycle aged materials

oilprice.com

Numerous companies are addressing this. Your "dead" battery will have a value.

 

[W54/XM-388]

Numerous companies are addressing this. Your "dead" battery will have a value.

Probably a LOT of value going forward.

Unlike the old lead acid batteries everybody thinks of where the cost of the materials salvaged is very minimal, EV batteries have a lot of expensive materials in them and most of that can get recovered.

It's not just Tesla with big recycling plans, several other car makers are teaming up with folks that plan to go big on getting back the batteries and then recovering as much as they can out of them for new batteries due to rising prices / supply constraints.

 

[CMP70306]

Probably a LOT of value going forward.

Unlike the old lead acid batteries everybody thinks of where the cost of the materials salvaged is very minimal, EV batteries have a lot of expensive materials in them and most of that can get recovered.

It's not just Tesla with big recycling plans, several other car makers are teaming up with folks that plan to go big on getting back the batteries and then recovering as much as they can out of them for new batteries due to rising prices / supply constraints.

So are there any companies that specialize in that or is it mostly companies that make them?

 

[S3th]

So are there any companies that specialize in that or is it mostly companies that make them?

Redwood Materials, and other general recycling companies that will be focused on batteries like Li-Cycle and Umicore.

 

[S3th]

FED raises 75bps

 

[W54/XM-388]

So are there any companies that specialize in that or is it mostly companies that make them?

Ford & Volvo Join Redwood Materials Battery Recycling Program In California - CleanTechnica

Ford and Volvo have joined with Redwood Materials to create a battery recycling program for used lithium-ion batteries in California.

cleantechnica.com

Volvo Buses and Batteryloop partner to give old batteries a new life

Packs unfit for service in a bus will see use in power storage for buildings and EV chargers.

www.cnet.com

Hydrovolt, The Largest Battery Recycling Facility In Europe, Begins Operations - CleanTechnica

Hydrovolt, a joint venture of Northvolt and Hydro, has begun commercial operation at its battery recycling plant in Norway.

cleantechnica.com

 

[Nik H]

Numerous companies are addressing this. Your "dead" battery will have a value.

There are handful of companies doing this now and making solid money by tearing down the packs and cells and recovering the high dollar contents. It is pretty amazing.

One man's junk is another man's treasure so to speak

 

[Nik H]

Redwood Materials, and other general recycling companies that will be focused on batteries like Li-Cycle and Umicore.

I deal with them a lot and they are top notch at what they do

 

[Hobo Hilton]

FED raises 75bps

View attachment 7920808

Took a while for the traders to react. Probably foriegn markets as well.... That has been factored in. In reality, the FED's can't do very much now. They are a day late and a dollar short on any action. Being this is a worldwide recession, everyone is looking to the IMF for guidance or the G7 direction.
I get better direction from the member's here on the Hide.

International Monetary Fund - IMF

The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and...

www.imf.org

List of G7 leaders - Wikipedia

en.wikipedia.org

 

[Hobo Hilton]

If Jerome's lip's are movin'... He's lying.

Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession

Federal Reserve Chairman Jerome Powell said he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation.

www.cnbc.com

 

[S3th]

Not just EV batteries.... All batteries. When the disposal fee is tacked on new batteries the cost will go even higher.

Battery Recycling: The Next Big Challenge For The EV Boom | OilPrice.com

The electric vehicle boom has sent demand for batteries through the roof, but the industry is grappling with challenges associated with how to recycle aged materials

oilprice.com

here is your answer

 

[Hobo Hilton]

here is your answer

OK, I've given this some thought. Who is going to pay for this "recycling endeavor".... There has been a lot of hype on recycling for over 40 years. I remember the first recycling push on plastic soda bottles. Every recycling scheme I can remember never paid for itself. Oregon has the most elaborate recycling I ever experienced. It was 5 cents tax on a water bottle to cover recycling. The consumer paid for it. Some old guys set up a route they ran and collected recyclable bottles and made pocket change for the week...
In the end, the consumer will pay for recycling Tesla batteries....

Yes / No ?

 

[S3th]

OK, I've given this some thought. Who is going to pay for this "recycling endeavor".... There has been a lot of hype on recycling for over 40 years. I remember the first recycling push on plastic soda bottles. Every recycling scheme I can remember never paid for itself. Oregon has the most elaborate recycling I ever experienced. It was 5 cents tax on a water bottle to cover recycling. The consumer paid for it. Some old guys set up a route they ran and collected recyclable bottles and made pocket change for the week...
In the end, the consumer will pay for recycling Tesla batteries....

Yes / No ?

OK, I've given this some thought. Who is going to pay for this "recycling endeavor".... There has been a lot of hype on recycling for over 40 years. I remember the first recycling push on plastic soda bottles. Every recycling scheme I can remember never paid for itself. Oregon has the most elaborate recycling I ever experienced. It was 5 cents tax on a water bottle to cover recycling. The consumer paid for it. Some old guys set up a route they ran and collected recyclable bottles and made pocket change for the week...
In the end, the consumer will pay for recycling Tesla batteries....

Yes / No ?

You are comparing plastic recycling to…

 

[Hobo Hilton]

...... plastic recycling.

Is Recycling Worth It? Costs and Benefits of Recycling | RTS

Many states in the US are currently pushing to increase recycling rates for all types of materials and goods. But the question is, is it cost effective?

www.rts.com