Old McDonald said:
elon is saving the earth by pretending to be conservative to get them to buy EVs
based elon
good thing most of the world's cobalt and lithium mines in Africa and South America are controlled by the Chinese!Neehau said:
dependence on autocratic regimes in control of petroleum.
Then there was the guy here who in mid summer 2021, proclaimed inflation was transitory, not gonna be a big deal/problem.girlfriend_experience said:
Op is at two teas level of infamy hilarious
Neehau said:Oil company propaganda. This will go away. Elon Musk will go down in history as a champion of the environmentalist movement and the first risk taker in a free market dedicated to long term survival and excision of dependence on autocratic regimes in control of petroleum.]Franklin Comes Alive! said:Old McDonald said:
elon is saving the earth by pretending to be conservative to get them to buy EVs
based elon
Saving the earth by destroying it to mine lithium??
I'm gonna guess you were a liberal arts major…
He is a champion of free speech and free market economics. Attempting to make a false equivalency between him and petroleum companies is tantamount to moral bankruptcy.
Since when do Communist Totalitarians care about Free Speech?Neehau said:Oil company propaganda. This will go away. Elon Musk will go down in history as a champion of the environmentalist movement and the first risk taker in a free market dedicated to long term survival and excision of dependence on autocratic regimes in control of petroleum.]Franklin Comes Alive! said:Old McDonald said:
elon is saving the earth by pretending to be conservative to get them to buy EVs
based elon
Saving the earth by destroying it to mine lithium??
I'm gonna guess you were a liberal arts major…
He is a champion of free speech and free market economics. Attempting to make a false equivalency between him and petroleum companies is tantamount to moral bankruptcy.
Neehau said:Oil company propaganda. This will go away. Elon Musk will go down in history as a champion of the environmentalist movement and the first risk taker in a free market dedicated to long term survival and excision of dependence on autocratic regimes in control of petroleum.]Franklin Comes Alive! said:Old McDonald said:
elon is saving the earth by pretending to be conservative to get them to buy EVs
based elon
Saving the earth by destroying it to mine lithium??
I'm gonna guess you were a liberal arts major…
He is a champion of free speech and free market economics. Attempting to make a false equivalency between him and petroleum companies is tantamount to moral bankruptcy.
Yep.Franklin Comes Alive! said:Neehau said:Oil company propaganda. This will go away. Elon Musk will go down in history as a champion of the environmentalist movement and the first risk taker in a free market dedicated to long term survival and excision of dependence on autocratic regimes in control of petroleum.]Franklin Comes Alive! said:Old McDonald said:
elon is saving the earth by pretending to be conservative to get them to buy EVs
based elon
Saving the earth by destroying it to mine lithium??
I'm gonna guess you were a liberal arts major…
He is a champion of free speech and free market economics. Attempting to make a false equivalency between him and petroleum companies is tantamount to moral bankruptcy.
Lol, wut?
There's not enough lithium in the world to continue w this crazy approach to replace engines with batteries…
Pretty soon all these overpriced battery cars are gonna be stacked up & worthless
& lithium mines are so much worse for the environment than oil wells, it ain't close
Elon is an opportunist & he has seized on the opportunity to make a lot of money off small brains that think oil & gas will destroy the earth
Good for him making a lot of money, but don't act like he's some saint
2022 Lucid Air
— CarDealershipGuy (@GuyDealership) January 20, 2023
$169K MSRP
Only 2,500 miles.
Didn’t even CLEAR $110K. pic.twitter.com/9mhMJEmfKy
Being a high cost, low volume EV producer would indeed be a challenge as lithium/cobalt etc. all go thru the roof in prices. Gonna be funny when the true believer lithium batteries for everyone/everything fans are begging Elon to help mine asteroids for precious metals in 5 or 10 years.Quote:
"Most unprofitable technology stocks got hard hit last year due to tightening Fed policies and commensurate impact on interest rates," said Ivana Delevska, chief investment officer at SPEAR Invest.
"But in addition to that, fundamentals for EVs deteriorated in the fourth quarter as it became clear that too much supply was coming on the market."
For Rivian, the selloff has been especially ugly. It has performed worse than Tesla and Lucid, as well as other EV makers such as Nikola Corp., Fisker Inc., Polestar Automotive Holding UK Plc, Workhorse Group Inc. and Lordstown Motors Corp.
The disadvantages of being a smaller EV maker in these times became clearer last week when Tesla announced a price cut across its product lineup, a move that analysts said could come as a bigger blow to its competitors who will be forced to follow. On Friday's trading session after the cut was announced, Rivian and Lucid shares dropped more than Tesla's.
Shrunken equity values and price cuts aren't the only risks the startups face. The pace of EV sales also is expected be slower than previously expected. According to BloombergNEF, while the adoption of
electric cars will continue to rise in 2023, it will be at a more tepid pace than the last two years.
"Even without a recession, the risk for the 'next Teslas' is elevated," SPEAR's Delevska said. "Tesla now has scale and profitability, and while we expect significant downside to that profitability, we don't think Tesla will go out of business. Many of the newcomers will."
bmks270 said:
EV market was an obvious bubble. I'm not surprised at all by the drop in share prices. Many predicted it.
Manhattan said:
One thing I knew but never really put into their valuation is the lack of dealerships…
I always value car companies at their stock price, but they have dealers/dealer networks worth insane amounts of money, the Friedkins became billionaires off selling cars, and that's just one, albeit large, area.
Lol … lithium is everywhere. Nearly every country on the planet has large amounts of untapped lithium. The problem it mining and refining it. Tesla is working on more environmental friendly ways to mine and advanced methods of refining.Franklin Comes Alive! said:Neehau said:Oil company propaganda. This will go away. Elon Musk will go down in history as a champion of the environmentalist movement and the first risk taker in a free market dedicated to long term survival and excision of dependence on autocratic regimes in control of petroleum.]Franklin Comes Alive! said:Old McDonald said:
elon is saving the earth by pretending to be conservative to get them to buy EVs
based elon
Saving the earth by destroying it to mine lithium??
I'm gonna guess you were a liberal arts major…
He is a champion of free speech and free market economics. Attempting to make a false equivalency between him and petroleum companies is tantamount to moral bankruptcy.
Lol, wut?
There's not enough lithium in the world to continue w this crazy approach to replace engines with batteries…
Pretty soon all these overpriced battery cars are gonna be stacked up & worthless
& lithium mines are so much worse for the environment than oil wells, it ain't close
Elon is an opportunist & he has seized on the opportunity to make a lot of money off small brains that think oil & gas will destroy the earth
Good for him making a lot of money, but don't act like he's some saint
What exactly does the market cap have to do with whether Tesla is finished?AggieCo2023 said:Tesla stock is now down 52% since Elon Musk offered to buy Twitter in April, losing over half a trillion dollars in market valuation.
— 🦀 Jon Schwarz 🦀 (@schwarz) December 14, 2022
In just the six and a half weeks since Musk took over Twitter on October 28, Tesla stock is down 31%, losing $225 billion in value. pic.twitter.com/W1ukdbpkte
Whatever one may think of Elon and his new conservative politics, it is an extremely questionable move to become a public spokesperson for right wing ideology while running an electric car and solar panel company. Liberals were probably 75% of his customers (at least) and he has completed lost them. I predict Tesla stock price will continue to plummet as Elon is clearly distracted and prioritizing Twitter.
hph6203 said:
Not sure why you said they were factually incorrect and then linked to an article that supported their statement?
They said there's lithium available, but mining and refining is the problem and then you linked to an article that says lithium mining and refining is the problem.
