Inflation will not decrease until Federal government spending is significantly reduced and neither D or R will reduce spending.
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Stock Market
- Thread starter pmclaine
- Start date
2% has logic..
If the Gov admitted the true inflation; those on SSI would get an increase in benefits. Gov doesn't want to pay out cost of living increases...
NOPE, NO WAY
Wallstreet Breakfast: It looks like the electric vehicle euphoria is losing steam, as automakers scale back EV plans and slash prices to compete in the saturated market. Sparked by a Wells Fargo call that turned bearish, Tesla (TSLA) slid 4.5% on Wednesday, making it the S&P 500's (SP500) worst performing stock in 2024. "After years of peak spending on EVs and autonomous vehicles, auto manufacturers are pivoting to capital efficiency and return," Morgan Stanley added, noting that makers of gas-powered cars are poised to deliver shareholder gains. Elsewhere, troubled EV maker Fisker (FSR) is planning to file for bankruptcy, just weeks after issuing a "going concern" warning. (
Surprise........... One more EV fail.
Hertz Global HTZ 1.20%increase; green up pointing triangle
Chief Executive Stephen Scherr will step down as the company looks to move forward from a major reversal of its investment in electric vehicles.
Hertz Global HTZ 1.20%increase; green up pointing triangle
Chief Executive Stephen Scherr will step down as the company looks to move forward from a major reversal of its investment in electric vehicles.
Nissan and Honda to start feasibility study of strategic partnership
Nissan Motor Co., Ltd. (Nissan) and Honda Motor Co., Ltd. (Honda) announced today that the two companies have signed a memorandum of understanding under which they will begin a feasibility study of a strategic partnership in the fields of vehicle electrification and intelligence.
global.nissannews.com
Like winning the gold metal at the Special Olympics.
www.cnbc.com
How Tesla became the top-selling car company in Norway
Tesla accounted for 20% of all vehicles sold in Norway last year. 2023 also marked the third year in a row that Tesla was the top car brand in Norway.
www.cnbc.com
I don’t follow FSD much but each time I check in on it I am throughly impressed.
About the first 2 minutes...... Boring
It would be better on Youtube so we could read the comments.
It is holding up traffic. Watch all of the vehicles maneuver around it.
Mostly traveling on one way streets.
One more complicated, expensive device that waste a person's time.
Looks like it was set in "Granny Mode".
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YTD share repurchase announcements are just under $300B, down 18% YoY.
Tesla battery catches fire in Illinois, shutting down highway for nearly 3 hours: Report
Bethalto, Illinois fire crews responded to Route 255 on Sunday afternoon after a Tesla battery reportedly caught fire and posed potential issues with hazardous materials.
www.foxbusiness.com
Fisker warns of possible ‘event of default’ following NYSE move to delist stock
Exchange cites ‘abnormally low’ price levels, says trading in EV-maker’s stock will be suspended immediately
The New York Stock Exchange on Monday said it would begin the delisting process for Fisker Inc. stock — a move the struggling electric-vehicle maker said would trigger an “event of default” on some of its convertible debt.
Fisker FSR, -28.17% said it expected its stock to be quoted over the counter, on the OTC Pink platform or another market operated by OTC Markets Group.The announcements were the latest bad news for Fisker, which has been searching for a way to stay afloat following an array of issues — including competition, product quality and a drop-off in demand for electric vehicles — as its finances grow thinner. The Wall Street Journal this month reported that Fisker had been preparing for a potential bankruptcy filing.
Interesting endeavor.
The Argentine province of Mendoza is famous for its vineyards and full-bodied Malbecs. But the popular wine region in the foothills of the Andes mountains is also home to the world’s second-largest shale gas reserve called Vaca Muerta, which translates to “dead cow.”
For two Texas-based bitcoin miners, the oil deposit offers a dream resource: wasted energy.
www.gigaenergy.com
The Argentine province of Mendoza is famous for its vineyards and full-bodied Malbecs. But the popular wine region in the foothills of the Andes mountains is also home to the world’s second-largest shale gas reserve called Vaca Muerta, which translates to “dead cow.”
For two Texas-based bitcoin miners, the oil deposit offers a dream resource: wasted energy.
Giga Energy • Power & Cooling Infrastructure
Giga is a fast-growing industrial equipment supplier of transformers, switchboards, data centers, and heat transfer solutions. We provide a full line of padmount, substation, dry-type, and polemount transformers for commercial, industrial, and utility customers.
www.gigaenergy.com
BYD for the win......... Until the government money runs out.
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffet-backed BYD
.In the fourth quarter of 2023, BYD dethroned Tesla as the world’s top EV maker, selling more battery-powered vehicles than its U.S. rival.
“BYD has grown into this powerhouse in the new energy vehicle industry,” CNBC’s Beijing correspondent Evelyn Cheng said. “When you look at the monthly rankings, they’re always at the top.”
www.cnbc.com
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffet-backed BYD
.In the fourth quarter of 2023, BYD dethroned Tesla as the world’s top EV maker, selling more battery-powered vehicles than its U.S. rival.
“BYD has grown into this powerhouse in the new energy vehicle industry,” CNBC’s Beijing correspondent Evelyn Cheng said. “When you look at the monthly rankings, they’re always at the top.”
How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
Warren Buffet-backed BYD recently became the world’s top EV maker, and has ambitious plans to win over foreign markets with its cost-competitive cars.
www.cnbc.com
BYD for the win......... Until the government money runs out.
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffet-backed BYD
.In the fourth quarter of 2023, BYD dethroned Tesla as the world’s top EV maker, selling more battery-powered vehicles than its U.S. rival.
“BYD has grown into this powerhouse in the new energy vehicle industry,” CNBC’s Beijing correspondent Evelyn Cheng said. “When you look at the monthly rankings, they’re always at the top.”
How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
Warren Buffet-backed BYD recently became the world’s top EV maker, and has ambitious plans to win over foreign markets with its cost-competitive cars.
“ While total production surpassed Tesla, BYD manufactured 1.6 million battery-only passenger cars and 1.4 million hybrids, putting Tesla on top for battery-only production.
Elon Musk’s automaker only sells purely battery-powered cars. China accounted for about one-fifth of Tesla’s sales in the quarter ended Sept. 30.”
yawn
Didn't somebody post a video on this thread where EV manufacturers were just storing all these in massive fields of decaying new cars?
It's like the ghost cities built around China. GDP and manufacturing numbers look great, but it's all a con job.
It's like the ghost cities built around China. GDP and manufacturing numbers look great, but it's all a con job.
Larry Fink said:
Gold can be a good store of value but it does not stimulate economic growth; when someone keeps money in a bank, or invests in a house there’s a multiplier effect that leads to economic activity — “But gold? It just sits in a safe,” he said.
Funny thing, I say the same about "stock buy back". It does not stimulate economic growth.
Gold can be a good store of value but it does not stimulate economic growth; when someone keeps money in a bank, or invests in a house there’s a multiplier effect that leads to economic activity — “But gold? It just sits in a safe,” he said.
Funny thing, I say the same about "stock buy back". It does not stimulate economic growth.
Evergrande massive fraud uncovered after forced liquidation...
finance.yahoo.com
Evergrande’s Alleged $78 Billion Fraud Is Among Biggest Ever
(Bloomberg) -- China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history. Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI...
They are coming for Elon. And they are doing it without Government money.
NEW YORK/SEOUL, March 27 (Reuters) - Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years in South Korea to ramp up electric vehicle production and new mobility business and separately hire 80,000 new employees, doubling down at a time when other established automakers are slowing efforts.
More than half of the investment, or 35.5 trillion won, will be allocated for new research and development infrastructure and assembly lines for EVs, the automaker said in a statement.
"We are doubling down on electrification," Hyundai global Chief Operating Officer Jose Munoz said in an interview at the New York auto show. "We're very committed to the United States market."
In the U.S., Hyundai said in November it was investing $12.6 billion for new dedicated EV and battery manufacturing facilities in Georgia - the largest investment outside South Korea.
NEW YORK/SEOUL, March 27 (Reuters) - Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years in South Korea to ramp up electric vehicle production and new mobility business and separately hire 80,000 new employees, doubling down at a time when other established automakers are slowing efforts.
More than half of the investment, or 35.5 trillion won, will be allocated for new research and development infrastructure and assembly lines for EVs, the automaker said in a statement.
"We are doubling down on electrification," Hyundai global Chief Operating Officer Jose Munoz said in an interview at the New York auto show. "We're very committed to the United States market."
In the U.S., Hyundai said in November it was investing $12.6 billion for new dedicated EV and battery manufacturing facilities in Georgia - the largest investment outside South Korea.
Chinese smartphone maker Xiaomi is set to launch its first electric vehicle (EV) and begin taking orders on Thursday.
Its chief executive Lei Jun said this week that the Speed Ultra 7 (SU7) would be priced below 500,000 yuan ($69,186; £54,836).
The move will see the technology giant taking on rivals like Tesla and BYD.
Xiaomi's entry into the electric car market comes as sales growth has slowed globally, triggering a price war.
The firm is hoping that the SU7's shared operating system with its phones, laptops and other devices will appeal to existing customers.
www.bbc.com
Its chief executive Lei Jun said this week that the Speed Ultra 7 (SU7) would be priced below 500,000 yuan ($69,186; £54,836).
The move will see the technology giant taking on rivals like Tesla and BYD.
Xiaomi's entry into the electric car market comes as sales growth has slowed globally, triggering a price war.
The firm is hoping that the SU7's shared operating system with its phones, laptops and other devices will appeal to existing customers.
Xiaomi: Chinese smartphone giant takes on Tesla
Xiaomi says it received more than 50,000 orders within the first 27 minutes of the SU7 going on sale.
www.bbc.com
Toyota. On the move.
Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups, an executive told CNBC.
Abandoned ...
Bloomberg - Are you a robot?
www.bloomberg.com
But it's contested by "facts"
The Real Story of That Chinese EV Graveyard Isn't What You Were Told
China's infamous electric car graveyard is real, but its story was told wrong until a local investigated the site.
www.thedrive.com
But Hertz also ditched a bunch of them and they fired the CEO who built the EV fleet
There is no question the EV propaganda and more is .gov funded. Musk didn't start Tesla to save the planet, he started Tesla to fleece the save the planet morons and .gov at the same time.
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Brought another friend to test drive Tesla. They picked the Model S. What a sick car. They are a believer.
Will the US Government give TSLA another infusion ($$$) to keep it afloat ?
Can you point me to what Tesla’s financial or operating risks are to substantiate the call for the US Government to bail them out?
The "market" establishes value. Regardless if it is a bushel of corn, an ounce of gold or a gallon of water.
The market looks at an item from many different perspectives. Yes, the numbers are viewed but also the sentiments that can not be put to paper.
The market has spoken.
The market speaks every day and, with few exceptions, what it says changes like the wind.
The moment you think you have it figured out, you're wrong.
Tesla stock is no longer about cars, market, etc. - it is now about Elon and his leaning to the Right. Tesla will be punished for the sins of Elon.
BYD plans to launch its first electric pickup truck this year, as the Chinese giant steps up competition with global auto firms, from Ford to Tesla.
The midsize-to-large pickup truck has been developed for the global market, BYD said in a press release.
BYD showed off pictures of the truck draped in orange and blue camouflage, with very little detail visible on the interior or exterior of the vehicle. The sale price of the vehicle was not disclosed.
The pickup will look to compete with the likes of the Ford Ranger and F-150 Lightning, the Toyota Hilux and the Tesla Cybertruck.
The midsize-to-large pickup truck has been developed for the global market, BYD said in a press release.
BYD showed off pictures of the truck draped in orange and blue camouflage, with very little detail visible on the interior or exterior of the vehicle. The sale price of the vehicle was not disclosed.
The pickup will look to compete with the likes of the Ford Ranger and F-150 Lightning, the Toyota Hilux and the Tesla Cybertruck.
Wallstreet Breakfast: Amazon confirmed yesterday it was laying off hundreds of employees from its cloud computing division, Amazon Web Services. The layoffs—impacting sales and marketing roles as well as employees focused on technology at its physical stores—come amid a broader company pivot on grocery store strategy.
Earlier this week, Amazon announced it was ending its “Just Walk Out” program, which is used in over half of its more than 40 Amazon Fresh stores nationwide. The program allowed customers to skip checkout lines by relying on automated cameras and sensors, and was reportedly supplemented by more than 1,000 Indian workers reviewing and labeling transactions. This week, Amazon said it will pivot to Dash Carts, whereby a screen and scanner in grocery carts will allow shoppers to manually scan their items as they shop.
Yesterday’s announcement marks the latest in layoffs for Amazon, following 27,000 job cuts since late 2022. The news comes as sales for Amazon’s $90B cloud business have slowed in recent quarters.
(highlighted the "remote workers" in India for all you US remote workers).
Earlier this week, Amazon announced it was ending its “Just Walk Out” program, which is used in over half of its more than 40 Amazon Fresh stores nationwide. The program allowed customers to skip checkout lines by relying on automated cameras and sensors, and was reportedly supplemented by more than 1,000 Indian workers reviewing and labeling transactions. This week, Amazon said it will pivot to Dash Carts, whereby a screen and scanner in grocery carts will allow shoppers to manually scan their items as they shop.
Yesterday’s announcement marks the latest in layoffs for Amazon, following 27,000 job cuts since late 2022. The news comes as sales for Amazon’s $90B cloud business have slowed in recent quarters.
(highlighted the "remote workers" in India for all you US remote workers).
You can label me 'Old School", Boomer, Old Dog... I really don't care. Been called worse... LOL
One of the biggest grocery store scams is not labeling each item with a price tag or price sticker. Makes it really easy to raise prices while you are still in the store. Every one of my jackets and my grocery list has one of these Retractable Sharpies in the pocket or attached to the list. I write the price on every item as it goes in my basket. When I get home and start to put items away next to an item previously purchased... The inflation rate is right there in front of my eyes. My memory is fading and when I walk in my pantry and here is a box of cereal labeled $4 and next to it is a twin pack from Costco or Walmart and it's also labeled at $4.... The light bulb comes on as a reminder of where to shop next time.
How many of you can go through your pantry and tell me how much you paid for an item 2 weeks ago ?
Ford to delay all-electric SUV, truck to focus on offering hybrid vehicles across its lineup by 2030
Kathy Woods bought some shares. Speculation.
Some of the traders that bought at 255 are buying to cover after a nice run. Taking a long weekend at the Hampton's.
Tesla's stock valuation is heavily dependent on its compound annual growth rate (CAGR) and its ability to scale up production. Any deviations from the anticipated growth trajectory can lead to significant fluctuations in the stock price. Given Tesla's inherent volatility, short-term gains can be realized by capitalizing on these fluctuations in the market. It's clear that EVs are here to stay and Tesla is the clear global winner of this transition.
This transition is in mile three of a marathon. We are far from knowing the “clear winner”. It’s like saying Nokia was the clear mobile phone winner in 2005, as they were certainly the market share global leader, when less than half of the globe owned a mobile phone at that point and the technology was still in adolescence.
