Yep - BYD will supply Tesla with prismatic LiFePO battery cells for the China market (and probably for the US once some sort of entry-level car is launched).
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- Thread starter pmclaine
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Yep - BYD will supply Tesla with prismatic LiFePO battery cells for the China market (and probably for the US once some sort of entry-level car is launched).
Received my promotion yesterday, bought some Tesla at $705 
CPI: 9.1%
Annualized 15.6%
Ouch!
Fed is going to crush demand... wouldn't be surprised to see 100bps this month.
Annualized 15.6%
Ouch!
Fed is going to crush demand... wouldn't be surprised to see 100bps this month.
No surprise there....
The time has come to "Pay the Piper" for all the free money, song, dance, "Bread and Circus"....
Unfortunately those of us who got nothing "free" are going to have to pay for those who got the free ride.
Attachments
I think this ends up fueling a bad scenario in which the Fed pulls off its patented too-big-too-late hikes right into a downturn.
If course, even if inflation goes to 0% next month (which it won't), we'll still be paying substantially more for everything until an equal amount of deflation is allowed to run its course. I really can't see the Fed allowing that to happen, so current prices might just be at a "new normal"
That seems rough for both businesses and consumers.Received my promotion yesterday, bought some Tesla at $705
Congrats on the promotion!
I hope your Tesla bet works out. It does seem like there will be a big response to the upcoming earning announcement next week; I'm just completely uncertain which direction it will go. Tesla does have an impressive track record at pulling rabbits from hats, but man I just see so many downside risks.
Amazing how many people want to argue with me when I say "welcome to the new Norm"........... Then I get to hear the "Shouda, Woulda, Coulda" guilt trip they try to put off on every one but themselves....I think this ends up fueling a bad scenario in which the Fed pulls off its patented too-big-too-late hikes right into a downturn.
If course, even if inflation goes to 0% next month (which it won't), we'll still be paying substantially more for everything until an equal amount of deflation is allowed to run its course. I really can't see the Fed allowing that to happen, so current prices might just be at a "new normal"
Primers
Trucks
Houses
Toys
Ammo
AI Rifles
Car tires
Tractors
Best to cultivate a garden before food is added to that list.
Euro / UDS Parity is big news... LOL
Take 3 - 4 life boats and drill some different size holes in the bottoms..... There will be one that sinks fastest and one that sinks slowest. The only sure bet is they are all sinking. The "New Norm" of sinking fiat money.
www.nytimes.com
Take 3 - 4 life boats and drill some different size holes in the bottoms..... There will be one that sinks fastest and one that sinks slowest. The only sure bet is they are all sinking. The "New Norm" of sinking fiat money.
Euro Falls to Equal the U.S. Dollar for the First Time in 20 Years
In recent months, pressure on the euro has been mounting while investors have been flocking to the U.S. dollar, a haven in times of economic upheaval.
Thanks!
The way I view these “misses” are simple hiccups due to the macro environment. In the end, I believe as a long term Tesla investor, this environment has strengthened Tesla’s foothold. They have industry best margins and low debt. Ford is producing EVs at a loss now and GM/Volvo will follow suit. Additionally, as cost of debt continues to rise, it will place further pressure on their margins.
The differences are incredible. You can see how Tesla is driving operating/manufacturing efficiencies.
Industrial output in America has been falling all year. Yet, we continue to see propaganda or skewed government numbers.
There has been no uptick in manufacturing. Appears the government is counting flipping a burger on to a bun as industrial output. Discouraging.
U.S. industrial output falls in June for first time this year
There has been no uptick in manufacturing. Appears the government is counting flipping a burger on to a bun as industrial output. Discouraging.
U.S. industrial output falls in June for first time this year
Good that you opened this topic. This is a "timely" post. I found the comments on that web site to contain more down to earth input than just the map. As some of the comments point out, the FED is going to say the downturn is "regional" or "local"... Even note, of those posting, not one commenter widened their scope and acknowledge this is a worldwide issue. Tune into the housing issues in China and see how that is working out. If there was affordable real estate any where in the world, the investors and retirees with money would be all over it.
Well, time to sit back, brew a cup of coffee, and wait to see if the banks really are properly capitalized.
Looks like 2008 to me. Watch for deals on 2nd homes, RVs, jet skis, boats, other toys.
Yep, yep, yep...
The real deals will be during 2023... Give the FED's an opportunity to screw up commerce some more. I think after killing the airlines they will kill the rail roads and trucking.
Make no mistake - the Fed will get plenty of help killing those industries from those industries themselves. They are grossly undercapitalized and poorly managed (much like the airlines).
Another reason the DXY will hold up... Nowhere else on Earth to hedge foreign money. Sure, inflation will take it's 10% commission but that is a lot less than those fund managers. Foreign money will buy America in 2023 - 24.
"I’m in Austin, Texas and just listed my home a week ago around $440,000 for a 3/2. As many of you might know 6 months ago people were offering $20-50,000 over asking and the demand to get into an Austin home was through the roof.
When we listed I expected to get offers anywhere from $420s-$440s… we only had three people view it total and one offer for $360s (which we politely declined). The place has been updated (no grey walls or floors) but wood floors white walls. Minutes to kayaking, hiking, and night life."
lol
When we listed I expected to get offers anywhere from $420s-$440s… we only had three people view it total and one offer for $360s (which we politely declined). The place has been updated (no grey walls or floors) but wood floors white walls. Minutes to kayaking, hiking, and night life."
lol
Rising interest rates are about to put a huge stop to people being able to afford high priced homes.
I'm not sure about the corporate buyers but more expensive money as opposed to free money may make them think twice as well.
Then we are going to see a huge effect in the car market as folks have to start hunting for deals and not just paying anything for whatever is available.
I'm not sure about the corporate buyers but more expensive money as opposed to free money may make them think twice as well.
Then we are going to see a huge effect in the car market as folks have to start hunting for deals and not just paying anything for whatever is available.
Always thought about how the lease market would play a significant part in an automotive collapse. Used car inventories rise, leases start to turn over with their market value being significantly less than foretasted. Rising rates puts further pressure on purchasing power. Etc. Etc. Etc.
Again - saw this in 2008. New car sales slowed, lower prices and incentives ensued. Incentives given to people leasing to extend leases or buy out the leases as dealer did not want on the lot.
Where I’m at in southern Oregon they can’t build houses fast enough. All are around 500k on a golf course community and all are sold before they finish building them. Mostly Californians.
“Long-term yields declined this week on the back of mixed economic data, with the 10-year Treasury yield closing yesterday at 2.93%, ~15 bps lower than last week.
Expectations of July’s FOMC rate decision shifted following a hot CPI print this week (see below for additional commentary) and a surprise 100bp hike from the Bank of Canada. Markets are now pricing in a little more than a 75bp hike this month, in line with JPM Research’s base case forecast. Notably, the 2s/10s curve has inverted even further, reaching a 20-year low.
June CPI print signals inflation is broad and persistent
The 9.1% YoY increase in June’s CPI print marked the strongest annual inflation rate since November 1981 with firmness evident in energy, food, and core categories. The recent surge in energy prices was particularly significant, with a 42% jump in the energy CPI generating about a third of the headline inflation rate over the past year despite accounting for only about 7% of the CPI’s basket. JPM Research notes that acceleration in the most and least historically persistent categories suggests a decent portion of inflationary pressure may prove transitory, but the disinflation expected to come in 2022 2H may partially obscure the undercurrent of sustained and above-target inflation.
Next week we look to the European Central Bank and the Bank of Japan’s monetary policy meetings.”
Expectations of July’s FOMC rate decision shifted following a hot CPI print this week (see below for additional commentary) and a surprise 100bp hike from the Bank of Canada. Markets are now pricing in a little more than a 75bp hike this month, in line with JPM Research’s base case forecast. Notably, the 2s/10s curve has inverted even further, reaching a 20-year low.
June CPI print signals inflation is broad and persistent
The 9.1% YoY increase in June’s CPI print marked the strongest annual inflation rate since November 1981 with firmness evident in energy, food, and core categories. The recent surge in energy prices was particularly significant, with a 42% jump in the energy CPI generating about a third of the headline inflation rate over the past year despite accounting for only about 7% of the CPI’s basket. JPM Research notes that acceleration in the most and least historically persistent categories suggests a decent portion of inflationary pressure may prove transitory, but the disinflation expected to come in 2022 2H may partially obscure the undercurrent of sustained and above-target inflation.
Next week we look to the European Central Bank and the Bank of Japan’s monetary policy meetings.”
History repeating... Inflation is at 20%. Any company turning in earnings that are less than 20% more than last years numbers are just one more sinking ship. Goldman's shares rose 3% and it's front page news. Maybe the Asian's are buying it.... IDK
It's in the fine print.
Earnings slide ongoing for banks; BofA Q2 profit dips 32%
Bank of America's second quarter profits fell 32%, the latest major U.S. bank to report a dip in earnings after a strong 2021.
www.startribune.com
We're now in the "a rate hike of only 75 bps is bullish for stocks" phase of this cycle.
Cash is king, A
crash is coming and it'll be a fantastic time to buy low sell high
crash is coming and it'll be a fantastic time to buy low sell high
I hope you get a good bump out of this one.
Tesla added to Deutsche’s short-term buy call list ahead of earnings
Some Americans, somewhere, who are willing to roll up their sleeves, sweat, get grimy dirty, work around the clock, work in every extreme weather imaginable and never stop for a holiday.... The boy's at Halliburton should be the poster children representing those who are going to pull America out of this recession, political nightmare and worldwide chaos.
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Halliburton (NYSE: HAL) booked a 41-percent surge in its second-quarter adjusted net income amid growing drilling activity both in North America and in international markets, the oilfield services provider said on Tuesday, adding it expects international markets to see “multiple years of growth.”
oilprice.com
___________
Halliburton (NYSE: HAL) booked a 41-percent surge in its second-quarter adjusted net income amid growing drilling activity both in North America and in international markets, the oilfield services provider said on Tuesday, adding it expects international markets to see “multiple years of growth.”
Halliburton Q2 Income Surges As Global Drilling Activity Rises | OilPrice.com
Halliburton booked a 41-percent surge in its second-quarter adjusted net income amid growing drilling activity both in North America and in international markets,
oilprice.com
Are you sure you want to laud Halliburton?Some Americans, somewhere, who are willing to roll up their sleeves, sweat, get grimy dirty, work around the clock, work in every extreme weather imaginable and never stop for a holiday.... The boy's at Halliburton should be the poster children representing those who are going to pull America out of this recession, political nightmare and worldwide chaos.
___________
Halliburton (NYSE: HAL) booked a 41-percent surge in its second-quarter adjusted net income amid growing drilling activity both in North America and in international markets, the oilfield services provider said on Tuesday, adding it expects international markets to see “multiple years of growth.”
Halliburton Q2 Income Surges As Global Drilling Activity Rises | OilPrice.com
Halliburton booked a 41-percent surge in its second-quarter adjusted net income amid growing drilling activity both in North America and in international markets,
Yep, I have spent time in the oil patch.... First hand experiences.
Being able to get oil our of the ground is a big plus for any country.
No oil, no food.
I was referring to their links to our wars and how they profit off of them.
If you listed the companies and politicians that profit off of wars the list will be long and have a lot of history. I thought you might be referring to the Deepwater Horizon... Oil gives any country independence. I don't see renewable resources building any independent countries.
Renewable are just a way to ween off fossil. China is probably the only energy dependent country. They own everything.
Bahaha, the worst quarter for Tesla and they beat EPS by 45 cents. (even with sale of BTC)
50% CAGR
Cash grew by $800M; sold 75% of their BTC
27.9% margin; down from ~30.0%
Record solar deployment
BTC boosted CF...
Take out BTC and they were negative FCF.
Kick-ass quarter never the less.
50% CAGR
Cash grew by $800M; sold 75% of their BTC
27.9% margin; down from ~30.0%
Record solar deployment
BTC boosted CF...
Take out BTC and they were negative FCF.
Kick-ass quarter never the less.
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I read the CNBC article as well as your numbers.... Where is the forward guidance ? A mention of 36,165 total Supercharger connections. Does that make any money or just a service to TSLA owners ? Do they charge other EV's ?Bahaha, the worst quarter for Tesla and they beat EPS by 45 cents. (even with sale of BTC)
50% CAGR
Cash grew by $800M; sold 75% of their BTC
27.9% margin; down from ~30.0%
Record solar deployment
BTC boosted CF...
Take out BTC and they were negative FCF.
Kick-ass quarter never the less.
No mention of "batteries" or components or escalation battery cost... What is the plan for the next 12 months ?
- 35%-50% CAGR for the foreseeable future
- exiting Q2 with strongest production rate than ever
- focus on Cybertruck and future platform
- new factories progressing well but did hamper margins
- Q2 highest COGS in history, Q3 trending to be lower
- Sold BTC around Shanghai uncertainties; open to increasing BTC position down the line
- 4680 + structural packs have yet to fully benefit from optimizations and economies of scale
- plans to cast more parts
- 120 highly intellectual engineers working on FSD
- comfortable supply of batteries; no major challenges on components
- no impact on demand from price increases
- FSD price increase likely next year
- Dojo/Optimus progressing much faster than most realize - more to come on AI Day
- Cash flows to restablize in Q3
Halliburton Warns Significant Frack Growth May Be Impossible This Year | OilPrice.com
Divestment and decarbonization have led to a particularly tight oilfield equipment market, with Halliburton warning that frack growth will be “almost impossible” this year
oilprice.com
Built a two month base and popped up... NiceJust noticed that Tesla closed at $815.12 - +9.78%.
Just noticed that Tesla closed at $815.12 - +9.78%.
Nice pop indeed considering the fundamentals.
