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Bidenmomics

cloudballoon says...

Bob thinks Biden not referring to himself in 3rd person like Trump does all the time means Biden's not talking about the economy, LOL. Mindless cultist only wants to be lead, not to have independent thought, and they're like Sleepy Don, they're too lazy to verify lies and rather make up facts, statistic be damn!

I'm a Canadian, and damn I wish we here across the border is doing as well as the USA. The exchange rate (for us) against the USD is down the toilet, inflation is several times higher than the USA and far from being in check. The labor market is weak as shit. I mean, just look outside of your border and be thankful the USA got through the pandemic years to freak good.

bobknight33 (Member Profile)

newtboy says...

It dropped precipitously because Elon was buying Twitter and would have to sell billions of stock to pay for it, just to name one self inflicted wound. The economic state should benefit Tesla, as you say, with gas at $5 and rising, ev’s are in high demand.

Gas in Canada is $6.75 US. UK is $5.75 in usd. Europe is around $5.25. But sure, it’s all Biden’s fault. Meanwhile my Exon, BP, and energy mutual funds are reporting record profits….but there’s no correlation. Hmmm.

I guess you didn’t hear Elon decided to cut his workforce by 10% anticipating a slump in sales. Elon doesn’t share your optimism.

Isn’t his major production hurdle a worldwide chip shortage, which he can do nothing about? Not sure how he’s going to ramp up production without more chips.

China isn’t the only economy in trouble….where is this unsold production supposed to go? Europe?…in trouble. US?… looking like we’re in trouble and a logistics nightmare. How much does shipping add to the price too? $5k? More?

All car manufacturers raised prices multiple times last year significantly, they all have a shortage of chips. I think it’s more likely he raised prices because he could without slowing down sales, not in order to slow sales.

Granted, ev’s are in high demand, but the big 3 are ramping up production and will outbuild Tesla in short order, as are European and Asian companies. He’s done great without competition, but some real competition is coming. The electric F150 is going to produce around 15000 this year with over 120000 (edit now 200000) reservations. They built a billion dollar factory for it alone, it will be the best selling full sized ev truck as soon as production starts. They also won’t have a chip constraint because they can take them from their huge f-150 supplies to meet production estimates.

If you want Tesla stock it’s not the worst time to invest, that was last November, but I certainly wouldn’t go all in. The PE ratio is still near 100….GAWD AWFUL. That’s called a speculative bubble….they pop. Ask Twitter.


Sorry about your dad. Mine died when I was 21. It’s never easy.

bobknight33 said:

I respectively disagree.

This is the buy of the year. 40% off from its high. Not from anything Tesla has done ( or not done) but from the economic state America is going through.

I don't think this will turn around till our leadership changes in 2024


Since last qtr 2021 Tesla opened 2 Giga Factories Texas and in Germany. They are ramping up and will get full speed in 2 years. This year expect 200 thousand from these as they ramp.

Giga Shanghai was shut down and lost 50, 000 vehicles of production. They reopened fully 2 weeks ago . China economy is taking a big hit. But what isn't sold will be ship and sold elsewhere.


2022 yearly estimate production is still about 1.5 M vehicles for the year.

Wait time from order to delivery is average 7 months. Tesla increase their prices 8 times last year to keep this 7 months from getting worse.

Demand out strips supply.


Gas at 5$/gal isn't helping the ICE vehicles at all and will push EV demand even higher.


Like I said

This is the buy of the year. 40% off from its high.
Also looks like a stock split of 3 to 1 is coming. This does nothing but make it cheaper for those who would like to enter this. One can do so at a lower, affordable price point.



Buy and hold



Buy 10 shares and hold for 5 o 10 years.





FYI.
My dad passed away last month on the 28th. I've been out of work tending to him and now settling the estate.

An apple painted with the blackest paint

Why I’m ALL-IN On Tesla Stock

surfingyt says...

IMO they will raise rates. the economy will stall. they will be forced to increase purchases of equities and reduce rates (again). the fed will not let another 2008 happen however they will make the crash that much harder. the house of cards has been built for a long time over many administrations and its waay past the point of any attempt at recovery. delaying the pain will make the pain even worse but when it comes crashing down USD will be gone forever and alternatives (like metals and yes BTC) will reign. you will have time though as petrodollar is king at this point other nations will fall before us. make your time.

Australia's Military Defense Policy Explained

greatgooglymoogly says...

If the US spent $400 billion a year, Australia would spend about USD$31 billion a year at a comparable per capita level, just what was mentioned in the video. If you change that to AUD, it would be 42 billion a year.

Australia's Military Defense Policy Explained

cloudballoon says...

You have to take into account of the population difference (AUS ~25.6 mil vs USA. ~328.5mil), standard of living, GDP, taxation, etc. etc. to make a fair comparison. Going by a straight currency exchange & population diff. of 1 AUD = ~ .73 USD, a very generalized equivalent would be about asking a 3.7~3.8 trillion war chest budget for the USA.

surfingyt said:

if the USA war machine could be satiated by only $400B USA could have so much excess for internal spending, and/or lower taxes and refunds, and/or no inflation, and/or less terrorism, and on and on and on.

The Electric Vehicle Charging Problem

testlump says...

7.8 billion USD to make charging stations easily accessible across North America and allow Tesla to not only gain first mover on advantage on a charging network but also larger potential market for EV sales, and yet Elon Musk wasted 1.5 billion USD on Bitcoin.

The guy is an idiot.

Hoarding An Entire Store's Toilet Paper Inventory

cloudballoon says...

Here in Toronto Canada, we had these same panic buying of TP just the same as in the USA, Australia and other countries, no stock anywhere last week. But today the supermarkets has them on sale (~$10 CDN for a bag of 30 rolls.... that's like $7 USD) but under 1 bag per customer limit. All the TV news said the stock will be replenished soon.

What I'm worry about though, are the cleanliness of fresh produce. I've seen lots of a**holes coughing of fruits & vegetables AFTER they had their pick....

Raunchy Australian real estate promo horrifies

Dubai Creek Tower: Building the World's Tallest Structure

TheFreak says...

The worlds tallest building is a $1-Billion USD project.

Meanwhile, Herr Orange Führer would like $30-Billion USD to finance his ego-driven boondoggle.

The Kimono World’s Dirty Little Secret

Extremely subtle product placement

Brett Kavanaugh Pulp Fiction

Buck (Member Profile)

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