Last I checked, LICY had a fairly decent cash run way. Reduction in their CAPEX will extend that.
I caught up with an old friend while in Louisiana. Come to find out, he purchased a used 2018 Model 3 recently. Of course, I had to take it for a spin. Unbelievably great experience - only tested FSD briefly. I’m a believer.
Dude isn’t a share holder and his enthusiasm was high. Him and his wife recently completed a 2,500 mile road trip and are planning another.
I have a visual image, Mardi Gras of course.Oh look. Another one of my friends recently bought a Tesla.
“ I bought it used and 100% recommend it. It’s stiff so if you live in New Orleans it might not be a good option. I was visiting a few weeks back and boy I was bouncing everywhere! lol. But it’s the best car i have ever had!!and I’m not saying that because I’m still on a high on having a new car. I bought mine on Facebook and it was a great experience i didn’t deal with all the dealership fees. If you have any questions feel free to keep reaching out.”
Automakers need to move to "right to work" states and leave the Rust Belt - certainly not invest anymore in the Rust Belt. Shutter all their car plants for rest of 2023.GM withdraws 2023 guidance as UAW strike costs soar
General Motors (GM.N) on Tuesday withdrew its 2023 profit outlook, blaming the rising costs of United Auto Workers strikes, and Chief Executive Mary Barra said the automaker will slow its electric vehicle strategy to put profits ahead of sales targets.
GM's third-quarter net income fell 7.3% to $3.06 billion, while revenue rose 5.4% to $44.1 billion. The adjusted earnings per share tracked by analysts were $2.28, ahead of Wall Street expectations and up from $2.25 a year ago because of the effect of share buybacks.
The UAW walkouts cost the company $200 million during the third quarter and $600 million so far in the fourth quarter, GM Chief Financial Officer Paul Jacobson said in a briefing with reporters.
Strike costs are running at $200 million a week, Jacobson said. He would not discuss the potential impact should UAW President Shawn Fain order new walkouts at GM's most profitable North American factories such as the Arlington, Texas, plant that builds Cadillac Escalades and Chevrolet Suburbans, or the Flint, Michigan, heavy-duty pickup assembly plant.
Barra said the automaker's is also slowing the launch of several EV models to cut their costs, and pulling back on EV product spending. GM is abandoning a goal of building 400,000 EVs from 2022 through mid-2024, Jacobson said. "We're just not going to be talking about the interim production goals," Jacobson said.
Many American's are in denial of the "changing tide". Wall Street, Big Banks and a host of businesses in the "credit business" (debt) are well aware of this and are setting many bear traps along the path. This was done in the previous 3 - 4 recessions. Deja VuWallstreet Breakfast:
Wild swings continue to envelop the bond market, with two notable names in the industry making fresh calls on the sector. The pairs' statements also continue to come hours apart from each other, as they did on Aug. 3, when they both became growling bond bears and added to the pressure on long-term Treasuries. Since then, the yield on the 10-year Treasury (US10Y) jumped nearly an entire percentage point, climbing from 4.07% to top 5% yesterday, while the 30-year Treasury (US30Y) went from 4.16% to a high of 5.15% in just under two months.
Old tweets
Bill Ackman: "If long-term inflation is 3% instead of 2% and history holds, then we could see the 30-year T yield = 3% + 0.5% (the real rate) + 2% (term premium) or 5.5%, and it can happen soon. There are many times in history where the bond market reprices the long end of the curve in a matter of weeks, and this seems like one of those times."
Bill Gross: "10 yr yields? Overall bearish"
New outlook
Bill Ackman: "We covered our bond short. There is too much risk in the world to remain short bonds at current long-term rates. The economy is slowing faster than recent data suggests."
Bill Gross: "Regional bank carnage and recent rise in auto delinquencies to long-term historical highs indicate U.S. economy slowing significantly. Recession in 4th quarter. On bonds. Invest in the curve. Various combinations 2/10, 2/5. Should go positive before year end. I’m buying SFR h5 (SOFR futures). 'Higher for longer' is yesterday's mantra."
Remember, the last time rates were this high was pre-2008, and it seems like the Bills now feel that the rout in Treasuries seen in the aftermath of the COVID pandemic has gone too far. Markets appeared to have adopted that view on Monday, with the yield on the US10Y sinking 20 bps to a low of 4.80%, but it is too soon to tell if that sentiment will hold. Term premium is the word on Wall Street, as well as regular investors that are looking at related bond ETFs, but there are many factors at play that can have impacts on benchmark yields. Among them are forecasts and actual economic data, debt sustainability, and geopolitical developments, with eyes tightly kept on the Federal Reserve and words from the officials on financial conditions.
Auto's should be built in developing countries with natural resources to support that industry.Automakers need to move to "right to work" states and leave the Rust Belt - certainly not invest anymore in the Rust Belt. Shutter all their car plants for rest of 2023.
A buying opportunity for a young man like you....
So I was partially right, Glencore already owns 10%
If we go below $1.00 I will throw a few more nickles in on this bet.A buying opportunity for a young man like you....
Or, buy a Tesla
Or, buy a house for that new wife.
Decisions, decisions, decisions
Some times I'm glad I am old.
I had a unique job where I traveled to Europe, Australia, and Central America looking at their heavy industries. We (large US heavy industry company) were looking for Innovation ideas. We immediately learned that Europe, Australia, and Central America made "business" decisions based on their national, state, and local regulations/laws. These "business decisions" defied all normal business common sense but were the "right thing to do" based on government regulations and subsidies. Example - Europe pushed diesel as the automotive fuel of choice for decades then suddenly woke up to the particulate issues. Plants in Brazil forced to hire "x" number of employees even though the plants were highly automated. You may have noticed during COVID that Australia government is crazier than ours.Toyota Exec: "EVs currently don’t make sense in countries like Australia, where the majority of electricity continues to come from coal-fired power stations," said Sean Hanley, Toyota Australia VP of sales.
He continued saying: “Right now, hybrid-electric vehicles are a better fit than BEVs for most consumers; They are more affordable and don’t require charging infrastructure. They’re cars for the masses, not for the few. he told Australian journalists."
The Model Y is the best selling overall car or SUV in Australia.
The Model Y is the best selling overall car or SUV in Australia.
Out of the top 10 best-selling cars of all fuel types in August, five are utes.
Toyota Hilux (5,762)
Ford Ranger (5,760)
Toyota RAV4 (3,317)
Isuzu D-Max (3,281)
MG ZS (3,193 — this figure includes some EVs)
Toyota Landcruiser (2,743)
Toyota Corolla (2,717)
Tesla Model Y (2,314)
Hyundai Tucson (2,084)
Mitsubishi Outlander (2,030)
Of particular note is that the Tesla Model Y dropped from second to seventh and was even outsold by the Toyota Corolla — hang your head, Tesla!
Can you help me understand why coal-fired power plants do not support further EV demand? Or is it something else?Tesla #1 And #2 Even As EV Dip Deepens In Australia - CleanTechnica
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! August sales data shows ... [continued]cleantechnica.com
Individual model sales aside, total EV market penetration is around 8% so far this year - an interesting amount, but not something that fundamentally undermines the hypothesis that EVs may not be a great fit for the Australian market.
Australia has serious electrical supply issues. Hard to support increased EVs and resulting electrical demand when they struggle to meet daily electrical supplies. Some of the issues are "green" demands and others are supply chain issues. There is a reason Mad Max was set in Australia.Can you help me understand why coal-fired power plants do not support further EV demand? Or is it something else?
Maybe they should throw more coal in the furnace.Australia has serious electrical supply issues. Hard to support increased EVs and resulting electrical demand when they struggle to meet daily electrical supplies. Some of the issues are "green" demands and others are supply chain issues. There is a reason Mad Max was set in Australia.
We had this talk. They need more battery powered coal equipment.Maybe they should throw more coal in the furnace.
Another meme... Too rich for my blood @ $1.28$0.21(+19.63%)Anyone else making money on $LICY today.
You thought a stock would fall 50% in a day and not rebound? A company valued at <$200M and which is 10% owned by a $60B+ company... which they paid $200M for.Another meme... Too rich for my blood @ $1.28$0.21(+19.63%)
I told you.... "You will make more money as a trader than an investor"..... Take the profit from the "Dead Cat Bounce" and put it towards that house.You thought a stock would fall 50% in a day and not rebound? A company valued at <$200M and which is 10% owned by a $60B+ company... which they paid $200M for.
Market knows that the elected officials are meaningless - the "establishment" runs the country and worldOpen for comments.
Today a Speaker of the House was elected. There was hardly a bobble in the markets.
Why ? What does the DC crowd know ? When congress gets back to work is the down trend going to continue ?
SPX for the past 2 months
View attachment 8257231
The tide is changing. Getting from Point A to point B will become a necessity, not a fashion statement.Mercedes-Benz shares fall over 6% as profit falls; CFO bemoans ‘brutal’ EV pricing
Key Points
And this is why Tesla should continue to reduce ASP to maintain 100% capacity growth. The OEMs will benefit further down the road as advancements and EV market share help pave the way for them. However, this also allows Tesla to make significant strides within the supply chain, data, brand, etc.
- Mercedes-Benz shares fell Thursday as it reported lower profit and revenue and highlighted pricing challenges in the electric vehicle space.
- Chief Financial Officer Harald Wilhelm described the EV market as “pretty brutal space,” Reuters reported.
- It comes as some traditional automakers sell EVs for less than regular combustion-engine cars — despite higher production costs.
Ford's earnings will be out after the bell. Interested to see if they feel the pain GM and MB are reporting.
Ford's earnings will be out after the bell. Interested to see if they feel the pain GM and MB are reporting.
Patience Grasshopper.Enphase - Q3
digesting - revenues down as expected with negative Q4 outlook
I have purchases queued for market open
I cannot imagine buying new vehicles with the UAW wage increases and other inflationary costs factored in.The tide is changing. Getting from Point A to point B will become a necessity, not a fashion statement.
A good chance that in 2024 the best selling model will be "The Beater".
View attachment 8257741
View attachment 8257742
I cannot imagine buying new vehicles with the UAW wage increases and other inflationary costs factored in.
Some articles out this morning continue to say "the economy is growing".I cannot imagine buying new vehicles with the UAW wage increases and other inflationary costs factored in.
I am sure the price will likely go down further.
OK - speculated a little on some ENPH. I focus on dividend paying stocks but I bottom feed occasionally.I am sure the price will likely go down further. But I am beyond happy to get in at the current level.
They are actively repurchasing 8% of the current market cap, the balance sheet remains strong, and will likely maintain FCF in Q4 or be damn near it. You take their revised earnings and annualize it, that's $1.4B in revenue. The stock is trading at 8x revenue in a difficult macro with the goal of retaining a high 40% margin vs. flooding the market to capture a smaller share of profit.
Looking at my portfolio and the market - so obvious that 7 or so stocks are carrying the whole market.
I had this exact conversation with my brother yesterday. Because most middle class North Americans have become fully convinced that their homes are a giant piggy bank, they will sacrifice everything else to maintain that illusion. Once the housing market implodes they will have nothing and be sad.Many American's are in denial of the "changing tide". Wall Street, Big Banks and a host of businesses in the "credit business" (debt) are well aware of this and are setting many bear traps along the path. This was done in the previous 3 - 4 recessions. Deja Vu
View attachment 8256148
If knuckle dragger like me could see the BS as clearly as I have, there is no excuse for supposed professionals being surprised. Adults acting like toddlers.
Imagine all the incentives thrown at the EV market over the past several years, and this is still the outcome.