Maybe - but not today, not tomorrow, and next year not looking so good either. Only way ICE goes away will be if government intervenes and outlaws the fuel, etc. Free market will not kill ICE for decades.
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We're discussing technology here. It's highly unlikely that any emerging car manufacturer would embark on large-scale production of vehicles with internal combustion engines (ICE). The trend is clearly moving towards a decline in the production of ICE vehicles, with the number of such vehicles being manufactured and released onto the market diminishing. Of course, we will see hundreds of thousands of 2024 Toyota Camrys driving around in 2040.
No, I do not expect any new "ICE" car companies - but we have a very large base of car companies making ICE and transitioning to EVs. Engineering and supply chain cannot just switch 100% to support EV overnight.
You are all in on Tesla - if everyone started driving EVs in 2024, where will the electricity come from? Where will the electrical production come from to charge the batteries? How will that electricity be distributed? The infrastructure to support wholesale EVs does not exist.
As you have said, “…ICE and transitioning to EVs“. ICE is dead R&D which provides no competitive advantage in this market place. What ICE advances has the industry made in recent years? Turbo everything. Nice.
Tesla is also only 26% of my portfolio.
Chicken or the egg discussion. Why would car companies invest in ICE when every few months the US government (and NWO/WEF whatever) changes the rules? Same of Oil and Gas industry - why innovate and invest?
See same issues in my former employers in Pulp and Paper - huge demand for paper packaging, toilet paper, etc. but so heaviliy regulated that "new" mills date back to the 1980s.
Stellantis (Ram) is dropping its Hemi V8 at end of this year - they are moving to a six cylinder turbo as a bridge technology. EPA is driving this - not the market.
The "marketplace" has no say - all being driven by the Government.
"Only 26%" of your portfolio - I would say you are all in.
Generac shares drop as the company expects a decline in 2023 sales in its residential business. Yahoo Finance Live discusses the reasons for the decline.
Video Transcript
JULIE HYMAN: There's another mover that I want to talk about that really caught my eye this morning, and that is Generac, the generator maker. The shares down almost 15% after it warned it expects sales to fall more than expected this year. Now, it's looking for a decline of 10% to 12% in sales this year.Generac stock plummets on declining 2023 sales forecast
Generac shares drop as the company expects a decline in 2023 sales in its residential business. Yahoo Finance Live discusses the reasons for the decline.
A million prospective home buyers out there.. Having solar and battery back up is not in the budget with rising inflation and interest rates. Cutting back on the bells and whistles is a sure sign of a recession.
ENPH, Down 6.41%
ENPH, Down 6.41%
Albemarle Reports Net Sales Increase of 60% for Second Quarter
CHARLOTTE, N.C., Aug. 2, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity
www.albemarle.com
Second-Quarter 2023 and Recent Highlights
(Unless otherwise stated, all percentage changes represent year-over-year comparisons)
- Net sales of $2.4 billion, an increase of 60%
- Net income of $650.0 million, or $5.52 per diluted share, an increase of 60%
- Adjusted diluted EPS of $7.33, an increase of 112%
- Adjusted EBITDA of $1.0 billion, an increase of 69%
- Established strategic agreement with Ford Motor Company to supply over 100,000 metric tons of lithium hydroxide from 2026 to 2030
- Agreed to amend the terms of the transaction signed earlier this year with Mineral Resources Ltd. ("MinRes") to significantly simplify operations and retain full control of downstream conversion assets
- Achieved IRMA 50 performance rating in the Salar de Atacama, becoming first lithium producer to complete independent audit and publish Initiative for Responsible Mining Assurance ("IRMA") report
- Published 2022 Sustainability Report, highlighting progress on diversity and environmental goals, including a new air quality goal to reduce 90% of sulfur oxide emissions by 2027
- Named to Fortune 500 rankings and TIME100 Most Influential Companies list
- Improved 2023 Energy Storage guidance reflecting recent lithium market prices; Albemarle's 2023 net sales are now expected to increase approximately 40% to 55% year-over-year and 2023 adjusted EBITDA is expected to increase 10% to 25% year-over-year
"We achieved $2.4 billion in net sales, up 60% from prior year, primarily driven by higher prices and volumes in our Energy Storage business," commented Albemarle CEO Kent Masters. "We remain confident in the long-term outlook for our businesses and are increasing our full-year 2023 net sales and adjusted EBITDA outlook based on the recent increase in lithium market prices. Our investments in future capacity are on track, with the Salar Yield Improvement Project mechanically complete and the Meishan project on schedule for early 2024 mechanical completion."
Solid numbers, hopefully the managers will put up some sound financial fire walls.Albemarle Reports Net Sales Increase of 60% for Second Quarter
CHARLOTTE, N.C., Aug. 2, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity
Second-Quarter 2023 and Recent Highlights
(Unless otherwise stated, all percentage changes represent year-over-year comparisons)
- Net sales of $2.4 billion, an increase of 60%
- Net income of $650.0 million, or $5.52 per diluted share, an increase of 60%
- Adjusted diluted EPS of $7.33, an increase of 112%
- Adjusted EBITDA of $1.0 billion, an increase of 69%
- Established strategic agreement with Ford Motor Company to supply over 100,000 metric tons of lithium hydroxide from 2026 to 2030
- Agreed to amend the terms of the transaction signed earlier this year with Mineral Resources Ltd. ("MinRes") to significantly simplify operations and retain full control of downstream conversion assets
- Achieved IRMA 50 performance rating in the Salar de Atacama, becoming first lithium producer to complete independent audit and publish Initiative for Responsible Mining Assurance ("IRMA") report
- Published 2022 Sustainability Report, highlighting progress on diversity and environmental goals, including a new air quality goal to reduce 90% of sulfur oxide emissions by 2027
- Named to Fortune 500 rankings and TIME100 Most Influential Companies list
- Improved 2023 Energy Storage guidance reflecting recent lithium market prices; Albemarle's 2023 net sales are now expected to increase approximately 40% to 55% year-over-year and 2023 adjusted EBITDA is expected to increase 10% to 25% year-over-year
"We achieved $2.4 billion in net sales, up 60% from prior year, primarily driven by higher prices and volumes in our Energy Storage business," commented Albemarle CEO Kent Masters. "We remain confident in the long-term outlook for our businesses and are increasing our full-year 2023 net sales and adjusted EBITDA outlook based on the recent increase in lithium market prices. Our investments in future capacity are on track, with the Salar Yield Improvement Project mechanically complete and the Meishan project on schedule for early 2024 mechanical completion."
View attachment 8195717
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April 21, 20236:22 PM MDT
SINGAPORE, April 21 (Reuters) - Chilean President Gabriel Boric said on Thursday he would nationalise the country's lithium industry and create a state-owned company to produce the metal that is a key component of electric vehicle batteries.
Boric said future lithium contracts would only be issued as public-private partnerships with state control. Chile holds the world's largest lithium reserves and is the world's second-largest producer.
Somewhat of a wild card situation.
I didn't realize ENPH passed one of my technical indicators or else I wouldn't have made recent the purchases. But am happy to buy and hold as this will be a key player (and beneficiary) of this transition. Sold more NIVIDA Monday which has been a good call thus far. Will reallocate once pricing is more rational.
S&p500.
S&P500
S&P500
I speculate and trade during volatility, but have been buying the S&P500 monthly since the early 1990’s (years, not price).
DCA, reinvest dividends, and enjoy swoll pockets.
Live a lifestyle that is disconnected from the USD.
A verse from "Song of the South" by Alabama.
Well, somebody told us Wall Street fell
But we were so poor that we couldn't tell
Cotton was short and the weeds were tall
But Mr. Roosevelt's a-gonna save us all
My above advice really works best if you have a longer time horizon. If you’re close to retirement and are looking right now then you’re pretty much fucked. Buy gold instead.
For all of you with kids, as soon as they start working set them up with a financial institution that allows them to buy fractional shares. Have them start buying fractional shares of the S&P 500 with every paycheck. Increase the amount bought as they get pay raises.
They’ll thank you 30-40 years from now when they’re millionaires.
For all of you with kids, as soon as they start working set them up with a financial institution that allows them to buy fractional shares. Have them start buying fractional shares of the S&P 500 with every paycheck. Increase the amount bought as they get pay raises.
They’ll thank you 30-40 years from now when they’re millionaires.
It will be interesting to see if this goes before a jury:
www.cnbc.com
Tesla faces California class action on its EV range claims
Three California-based Tesla owners sued the auto giant over falsely advertising the estimated driving ranges of its EVs.
Finally, a deal is showing up for you.
Secondhand luxury watch prices slump to near two-year low after a pandemic run
Experts had warned that a bubble could burst along with cryptocurrency and other trendy pandemic booms. But the recent declines appear to mark a stabilization.
www.cnbc.com
Not yet. Still need to drop another 25-30% across the brands to be even remotely enticing.Finally, a deal is showing up for you.
Secondhand luxury watch prices slump to near two-year low after a pandemic run
Experts had warned that a bubble could burst along with cryptocurrency and other trendy pandemic booms. But the recent declines appear to mark a stabilization.
I will wait until the AD calls me for new. I imagine that list will be getting short over the coming months.Finally, a deal is showing up for you.
Secondhand luxury watch prices slump to near two-year low after a pandemic run
Experts had warned that a bubble could burst along with cryptocurrency and other trendy pandemic booms. But the recent declines appear to mark a stabilization.
Same here. I can wait. I like certain watches and models, but buying used for 50% more than new for an in production model is just retarded.
50% for anything used is my limit. What we will be seeing is people who are trying to sell stuff they paid way too much for.
With some of these watches they are asking for 50-100% over MSRP for a used watch.
Not 50% of MSRP.
For them to quote Q2 2022 to Q2 2023 Sequoia sales growth, when last year Toyota was in the middle of a generation reconfigure of the model and was producing mere dozens of the model per quarter versus this year when they're in "full" production, is completely deceptive. Of course 55 to 3568 is going to be the biggest growth ever, it's easy to go up when you were sitting on the bottom.
2024 Toyota Sequoia Sales Figures
Toyota Sequoia monthly, quarterly, and yearly sales and statistics in the United States. Including data and interactive charts for the latest model year 2024 and crossover/suvs segment.
With that line of thought, Biden had the mostest giantist hugeist win over Trump in Presidential history. EVEH!
Fucking Twitter dolts...
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Albemarle jumps into global race to reinvent lithium production
Albemarle is building an Arkansas facility to test its version of direct lithium extraction (DLE) technology with the goal of eventually filtering the electric vehicle battery metal from existing bromine operations, its CEO said on Thursday.
www.reuters.com
"Crude is headed for its sixth weekly gain after Saudi Arabia extended its unilateral 1M bbl/day oil production cut by another month, and said it could be prolonged or even deepened. The move adds to other voluntary reductions by some OPEC members, while Russia will continue to reduce its crude supply into September." More "sell less but charge more".
Expect more automation to reduce need for union workers plus automation/off shoring/AI-ML to reduce need for white collar auto employees. Endstate is majority of US living off the government plus an elite class no longer hiding they run everything.
Even if the UAW gets that package........ In 4 years the workers will just be breaking even due to increasing inflation.... Same with airline pilots, FedEx / UPS workers, etc...
Where are all those illegals that came here to work ?
Interesting to live during the "Great Reset".
Add to that the possibility of downsizing and shutting down plants. Ask the people at Mercury Marine in Stillwater, Oklahoma how that went. Before that it was AT&T and Seagate. I guess the takeaway message for me would be to get what you can when you can and put back for a rainy day. Always have a backup plan or two. I remember watching a sad documentary about the Detroit auto industry and how families were blown up left and right. At a certain point they should have known better, like the guys taking pay phone tech jobs as everyone else was bolting to something else.
The downsizing and shutting plants is the unknown. The one thing for sure is this.. "There will always be a rainy day". Get ready.
Tesla sold 64,285 China-made electric vehicles for the month of July, down 31% from the month prior, according to data from the China Passenger Car Association, reported by Reuters.
The number is the lowest Tesla has posted so far this year in China.
Tesla Stumbles In China As Local Market Favors Home Grown Competitor | OilPrice.com
Tesla sold significantly less cars in China in July as its competitor BYD overtakes the company in total vehicles sold.
oilprice.com
Do we need to go over this again? The first two months of a quarter have the majority of production dedicated to exports.Tesla sold 64,285 China-made electric vehicles for the month of July, down 31% from the month prior, according to data from the China Passenger Car Association, reported by Reuters.
The number is the lowest Tesla has posted so far this year in China.
Tesla Stumbles In China As Local Market Favors Home Grown Competitor | OilPrice.com
Tesla sold significantly less cars in China in July as its competitor BYD overtakes the company in total vehicles sold.
Isn't BYD selling cars to those ghost rental companies? How much are they cooking thier books... Again.
I previously had done some consulting for a pension fund and advised they drop their fund(s) with direct exposure to mainland China. Distrust of their fiancing reporting rigour was my first bulletin point.
The history is accurate... Blend in the money and mission of the deep state and you will get a picture of where America is today.
Elon is going to get a lesson. He keeps appointing the Hindus to management positions. They have a culture back ground that is different than American's. That is never a good fit. What will evolve is one Hindu will bring in more Green Card Hindus to work for the big corporations. Those Green card Hindu's call a Hindu in upper management an Uncle Tom and their output and quality goes down the drain.
A good example is the downfall of Intel with the Green Cards working for the Uncle Tom's
Tesla gets new Indian-origin CFO Vaibhav Taneja. All about him | 5 points
Taneja (45) replaced Kirkhorn in addition to his current role as Chief Accounting Officer (CAO) of the company.
Elon Musk says he may need surgery
Elon Musk said he may require surgery and is getting an MRI of his neck and upper back.
With that value spike on the flip, they're fishing for idiots. Offer $380k and watch them bite, you'll hook them for $400k closed now or have them calling you back in one month for the $380k offer.
I briefly glanced at the listing to see price history and didn’t look at date of build, I guess it was the land that sold last year for $120k range or whatever it was. My recommendation still stands, lowball offer with bargaining room and a hard ceiling, just to see what they bite after.
In today"s world, many sales / buy's will take place because "it's all in the timing". Many sellers have a buying deal on the back burner and will hold that high price for as long as possible and suddenly will look back over standing offers and snap one up so they can complete the deal on the back burner. There is a lot of cash on the sidelines. those with cash on the sideline are shrewd business people who know that patience always pays off in the long run. Warren Buffett has more cash on the side now than ever before. Just waiting for a deal.
Yep. Lots of things I can pay for, but few I’m willing to pay for.
Certain things I bought/buy at any price just to have it available.
Others I wait for. Real estate and watches are two of them.
If you remember about a year or so ago I told people to buy their houses at any price vs waiting on a deal. Yes, prices are marginally lower, but the interest rates are double. Now they can’t afford anywhere near as much house.
Cash is just sitting in high interest money markets waiting for the time to pounce. Still waiting on my like new F-250 Super Duty for penny’s on the dollar, lol.
