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Why Saudi Arabia Keeps Announcing New 'Gigaprojects'

cloudballoon says...

Subsidy for the tech sectors. Elon Musk should brand Tesla, SpaceX and his other comanies as a "Government Funded Entities" on Twitter.

The United States has always been a Socialist country supporting the ultra rich.

newtboy said:

Just a few years ago California had a surplus of $100 billion! Last year it was $50 billion. Where are our giga-projects!?

bobknight33 (Member Profile)

newtboy says...

Lol. So dishonest. Such ability at stretching reality and precognition you must have. “Everything’s good now, but it’s going to be terrible soon!”…pretty much what you said Jan 2021 but it’s been all uphill since then.

Under Trump- highest unemployment in memory : you just ignore and try to forget
Lowest gdp ever in history : you say it didn’t happen, wasn’t Trump’s fault, and when those sad excuses fall apart “doesn’t matter”
Inflation rising faster than ever with more dollars printed in 4 years than any other decade under Trump : you don’t know why that causes inflation so you blame anything but government until Biden takes office, then it becomes 100% the president’s fault.
Markets crashing : you ignored it under Trump and proclaimed it a great time to buy Tesla, and now you ignore the consistent market rise under Biden. My portfolio added 7% in the last 2 months, and the Dow is up, reaching record highs under Biden…maybe your stupid anti woke investments just suck.
Sounds horrific with over 1 million dead, millions disabled, trillions in medical bills and a near depression : you say “nothing burger, Trump’s the best at economy ever”
Food shortages, parts shortages, shipping gridlocks making it much worse : you pretend Biden was in charge in 2020 and blame him, (so ridiculous that your righty media posted dozens of photos of empty shelves from 2020 in 2021 to pretend it wasn’t better and you bought it) then you ignore that the shortages ended shortly after he was sworn in.

Republicans won’t raise the ceiling because the MAGA wing thinks default under Biden will be good for them because they believe voters are as ignorant as they are and will buy whatever they say when they blame Biden for their sabotage of the economy,….in your case they’re right. They’ve already cost untold millions by delaying so long with more harm done daily, and when they fail to raise it by June they’ll cost America trillions and kickstart a worldwide depression. Understand they still don’t have a plan at all now months after it was their duty to raise the debt ceiling like they did every year for Trump who spent like a drunken sailor with the captains treasure….squandering over 1/4 of today’s total US debt on personal ego stroking projects and gifts to billionaire donors…not one word of protest from the right as he blew up the deficit and debt by trillions every year. Not one complaint when Republican stunts cost billions (like Abbot’s grandstanding truck inspection farce that found absolutely nothing but cost $4 billion).

Republicans were in charge fully, it’s their mess. Covid didn’t hurt countries like NZ that took it seriously even a small fraction of how much Trump’s denials for months and lack of a plan ever decimated America. Trump’s/MAGA’s fault.
Government waited too long to start subsidies, giving people a reason to go to work and spread disease, ending with over 1 million deaths. You really DO get literally EVERYTHING wrong, then can’t understand why you are failing so consistently.

🤦‍♂️

bobknight33 said:

Unemployment low. : For now
Gdp high. lowing down
Inflation falling. : Because lack of $ in pockets
Markets rising. : Nope Going sideways last few months
Sounds good to me. : Calm before the storm.


Republicans will raise the ceiling. Rep not the fault of this mess.
Covid lock downs and too much Gov $ dumped in the system too quickly

bobknight33 (Member Profile)

newtboy says...

He paid back one near $500 million loan early, but not the billions in subsidies that made Tesla and Elon’s other companies possible….but continues to argue that others should not get the benefit of the same helping government hands he used to become a billionaire.
https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12

bobknight33 said:

If memory serves me correct that was back a decade ago and they paid it back. FYI Ford and or GM also took the cheese , about 11 billion.. They did not pay it back.

Hand out are wrong --- Just like the Inflation deduction act -- Just gov cheese buying votes / keeping .. Also it does not reduce inflation - opposite

bobknight33 (Member Profile)

newtboy says...

I wonder….are you aware that to stay afloat, Tesla has taken $3 BILLION in government EV manufacturing handouts (subsidies and free loans)…so you owe most of what you made with Tesla stock to Obama. Just an fyi.

Tesla BLOWS AWAY Expectations. (Q2 2022 Recap )

newtboy says...

Clearly better than you, as I don’t just make up numbers or ignore losses of 1/8 the value and pretend they never happened. Also I seem to know what Elon has stated as his plans for the business better than you, I knew he plans to fire 10% across the board while you are convinced he’s going to expand.

Cherry picking?! You said down from its high this year, I went from Jan 3, it’s high this year, to yesterday’s close. Now you call that cherry-picking?
It’s not about a date , dummy, it’s about it’s high for the year, the point YOU picked. WTF is wrong with you?

If chicken was overpriced by 7 times but other meats aren’t, and then chicken dropped by 20%, it’s still a TERRIBLE buy. Same with Tesla, but chicken isn’t also priced based on how nutty Foghorn Leghorn acts, Tesla is, and Elon is acting CRAZY. I’m somewhat surprised you stick with him, Trump has totally abandoned him and now says Tesla is a terrible investment. Even if you stick it out, lots who listen to Trump are getting out. That’s going to hurt for a while. Another self inflicted wound.

Yeah, sure buddy. Just keep telling yourself that. Tesla is dropping off a cliff, unlike other car companies, and it’s all Biden’s fault (only the losses, not the gains). Tesla’s losses are self inflicted, and there’s more to come.

Growth is good, but you must ignore that it was so insanely overpriced that it really doesn’t matter, the price is not tied to any growth or income, it’s pure speculation…PE still 110. A decent PE is below 20.
Record capacity….but it’s never been close to full capacity so that’s meaningless. It’s still stymied by chip availability, battery availability, and parts availability for their battery factories so they can’t even make their new batteries their new car models require, and Tesla isn’t first in line for chips, Ford and Chevy are. If you could only produce 100 cars a month and now you made 103…that’s record production, but still failing miserably.

https://www.reuters.com/business/autos-transportation/musk-says-teslas-new-car-factories-losing-billions-dollars-2022-06-22/

Edit: Not a good sign that cybertruck and the electric semi truck are now delayed indefinitely. Ford is going to beat Tesla to the pickup truck market with a truck that doesn’t look like a bad 80’s sci-fi movie prop. If major semi manufacturers do the same, and manage to solve the weight limit issue two expensive product lines will totally fail. Elon is clear, neither will be released this year, next year is a maybe at best….but as designed they aren’t competitive with diesel trucks for range or load capacity.


Yeah, sure, everybody else is hurting Tesla to hurt YOU. It’s not slumping because it’s in financial straights, can’t produce cars anywhere near full capacity (or at a profit yet?), is burning through BILLIONS every month, and has an owner that clearly doesn’t care one whit about tanking the stock with impulse moves like offering $45 billion for a company not worth $20 billion.
I don’t let politics control my investments….and mine have not lost 32% this year, you have (and you pretend it’s only 20% because you lie even to yourself).

Again, if it grows 50% (and I don’t think Tesla has btw) but is overpriced by over 10 times (it was in Jan) it needs to keep it up for 20 years with no stock increase to break even and actually be worth the price. Any stock with a PE over 100 is horrific.

You claimed down 20% this year, then blew up when I showed it’s actually down 32% and massively overpriced. Why on earth would anyone take advice from someone so dishonest with even the values? Especially someone so divorced from reality as you?

Tesla is losing subsidies, can’t produce at profitable levels,and SAID they’re downsizing by 10%.
Yes, the EV vehicle category is due to explode, but Tesla is at full capacity (as much as they’re capable, not full factory capacity) and is about to get MASSIVE competition from the big 3, with insanely more production capacity, better supply chains, and subsidies they haven’t burned through yet. Tesla can’t keep up with demand, but they’re nearly the only game in town….but not for long. Expect demand for Teslas to plummet when electric Mustangs, Corvettes, SUVs, pickup trucks, etc start rolling off the lines in big numbers later this year, EV’s that are on par with Teslas (or better) and that customers don’t have to wait a full year for delivery…there have been multiple times recently when Elon said he would stop taking orders because he can’t produce them.

We had an apple in the home by ‘80, and stock soon after. They weren’t at a PE over 100. They also were doing terribly before they gambled on the cell phone industry. Derp.

There’s a reason you think I know everything….I can read. When there’s a topic I’m ignorant about, I read about it, and don’t just look at one source. I try to get multiple different opinions, the facts, and history of any topic, then reply. You listen to admitted liars and nut jobs Alex Jones or Beck and think you know it all. Lol. Such a silly, constantly projecting little boy you are.

Really….it’s certainly something to Tesla. Yes, I want him to be held to the contract he signed. Yes, it will hurt Tesla more than the $1 billion drop in assets for NOTHING, because it’s an undeniable example of Elon’s recklessness and poor business sense. I don’t care one whit if he buys or not, I want him to follow the contract he signed. If he does buy, though, it might end Tesla. $45 billion from its coffers (for assets worth well under $20 billion) would be a death nail.

MSNBC agrees with me? News to me. I come to my own decisions, little boy. I don’t need them spoon fed to me, and I understand why I invest as I do. I made money this year, did you?
(I know, if you’re honest about being all in on Tesla, you lost massively, 1/3 of your portfolio in 6 months, and you still think you’ve got it all right, you know everything there is to know about investing, so much you spend lots of time being an unpaid salesman for Tesla, a stock that’s losing money hand over fist and is overpriced by at least 6 times according to professionals).

I’m one gullible dude?!? I AM!?! Er mer gerd, that’s some serious hard core projection (and a little tissy fit).
ROTFLMFAHS!!!

bobknight33 said:

How well do you follow Tesla? Most likely you answer is near zero. But you sure have all the answers.


Once again You foolishness is on full display. Cherry picking numbers? Thats ok

I said it was down a great amount. 20% or your 32% pick your date pick you %. Does not matter.

IF chicken was on sale 20% or 32% below normal pricing you would buy? Same with Tesla.


This is due to the overall economy. not from anything Tesla is doing. Tesla is is growing. 84% last year and 70% the year before.

This Q2 growth was only 50% . Mostly due the china shutdown. China is back up and running and at record capacity.



Biden economy and Communist fuckery is holding Tesla down , not Tesla. Hence it is a great buy.

Maybe your just a Union only guy? Thats OK.


Regardless of current stock price., who wouldn't want to buy the stock of a company growing 50% YOY?

I follow daily. I have about 1500 shares in the Tesla. And your are right I am down from that $1200 high. But I'm looking long term. 5 year min. I see explosive growth over nest 8 years.

Tesla goal is to make 20Million vehicles/year. Last year nearly 80 million vehicles were made globally. ICE vehicle sales are declining about 7% YoY since 2017. Al the while EV sales are growing.

What side of the fence do you wan t to be on? When Apple entered phone market they were a computer company. Today they have 20% of the phone market .



Apparently not the great intellectual foolish and ignorant @newtboy , who know everything about everything.


Finally, Now you want Elon to buy Twitter?
$1 billion penalty. That nothing to Elon.

Guess if MSNBC says something it must be true.
Newt, your one gullible dude, lady, sis whatever.

bobknight33 (Member Profile)

newtboy jokingly says...

Since Musk recently called Trump a liar that needs to leave politics, Trump now says Tesla cars suck, driverless cars crash, his rockets go nowhere, and his companies and wealth only exists thanks to subsidies he gave Musk, and that now that there’s competition Musk and Tesla are done…
Did you sell it all yet?

Watch The Tesla Plaid Go 0-160 MPH

newtboy says...

Um….the horse and buggy still exists. It’s the main transport in many (often poorer) places, even some in America (Amish country).

You’re insane if you think the internal combustion engine is dead. Even if that was the worldwide goal, it would take decades upon decades to pull off and tens-hundreds of trillions in subsidies….and even then there are hundreds of applications where electric doesn’t work for hundreds of reasons.
If you believe that, why do you support expanding oil exploration and offshore drilling? Why destroy the few places left unadulterated for a horrendous energy source you claim is phasing out soon. That’s incredibly short sighted and dumb.

Besides, you might be unaware, the electric car was more accepted than combustion engines before, at the turn of the last century. We’ve seen this movement before. It didn’t turn out as you predict.

Electric is great, but it’s not a panecea, and it’s not a painless switch.

bobknight33 said:

Sure plaid is overkill. But will also change the minds of all who see what EV can do and will push the decade of EV forward/


Like the horse and buggy, the I.C.E age is ending.

Tesla’s TOTAL DOMINATION (new data)

newtboy says...

So, time to end the subsidies and tax breaks for Tesla then. No more government handouts for them.

They’re not going to be so dominant when actual competition is available, coming soon from every maker. (High demand, low inventory, double sticker price gas cars aren’t a fair comparison.).
They also wouldn’t be so profitable if they paid taxes.

It was not a good move to program the self driving unit to run stop signs. (Yes, they programmed it to just “rolling stop” at stop signs recently which is not just illegal it’s also dangerous.). That’s the kind of upgrade you get with Tesla, without warning. How many recalls now?

Also not a good move for Elon to admit he’s far right, pro corporate subsidy, anti tax. It alienates most of his customers.

Honest Government Ad | Carbon Capture and Storage

newtboy says...

If you count the total costs, remove government subsidies and exemptions from ecological laws, there are few more expensive ways to generate energy than oil and coal today.

Turbines, solar, wave, tidal, and geothermal are all insanely cheaper today when you count the whole cost, not just the price at the meter. Have been for decades. My solar system paid for itself in about 8 years.

"ARE coming"

bobknight33 said:

Until a more cost effective way to generate energy, coal and oil will remain king.


However wind turbines, solar and battery storage improvements is coming about we are starting to see this shift.

The Truth About Biofuels

bobknight33 (Member Profile)

Lessons from 2,000+ Interviews with Broken People

JiggaJonson says...

Awww, no love eh? that's okay, I hate you too. I don't say that lightly either. You are a piece of human garbage. That's why I'm happy to place a bet with you, I do actually have several methods if you don't like the first I provide, for escrow.

He's not a fighter, he's a traitor. He sold out his country for his own wealth. You left out the part where he stepped back from the nuclear agreement and now Iran is enriching weapons grade uranium. OH WELL, at least the bible thumpers here are happy about pulling one over on muslims or something, im not sure.


The wall? nope
Repeal and replace obamacare? nope

rather than repeat all this, see for yourself https://www.politifact.com/truth-o-meter/promises/trumpometer/?ruling=true


Fuck you and your socialism-for-the-rich-only president.


"I want all to succeed. I've posted TESLA video to show you that hopefully you will look into them and invest in them.
This is the decade of EV ( electronic vehicles). Get in on it."

From the guy who still supports a president who defunded electric car subsidies and removed lower emission standards. What a joke.


And trump being an A-hole is not something anyone should ignore. I've seen this in various forms for 4 years "Yes i don't like his morals or the way he talks or the way he deals with other people or the way he runs his businesses and cheats on his wife or talks to veterans or women but..."

But nothing, those are aspects of a person's character that you are a fool to ignore.

No one comes here to find socialism,they come here to escape

newtboy says...

No one comes here to find capitalism, they come from capitalist countries (except those few fleeing Cuba and Venezuela).

The masses come fleeing danger, poverty, and oppression...from capitalist countries....often caused by capitalist drug cartels. Even those fleeing socialist countries aren't fleeing socialism, they're fleeing poverty caused largely by our sanctions and embargoes of their nations.

Venezuela is poor today largely because of sanctions/embargoes (not being allowed to sell their main resource and export, oil), poor planning (basing the entire economy on one resource, oil), and corruption.... in that order.

Atrocities?! We don't have time to list the atrocities caused by capitalism. They are greater in number and detriment.

Public schools, public police, roads, medicine, food subsidies, public housing, a state (not private) military, ecological regulations, etc. These are all socialist, and are the exact reasons these same people claim the immigrants are coming.

Once again Bob misuses the channels, this is absolutely not history, not educational, not a debunking, and no one was destroyed. Just more right wing nonsense *political propaganda that ignores the salient points to make baseless claims.

Injenueity?! They're coming for our unsophisticated young women?! Now I get why the right is terrified.

Arnold Schwarzenegger New Blunt Message For Donald Trump

Drachen_Jager says...

If it's the forces of capitalism that should run the market, then why encourage government interference? That's the opposite of free-market capitalism.

An independent study published in Nature Energy estimated that half of all US oil production would be unprofitable if not for government subsidies. By your reasoning, shouldn't those ventures be allowed to die a natural death? All Arnold is saying is we shouldn't be INCREASING the subsidies to a dirty industry that's killing people.

In other words, your response is a non sequitur. It literally does not follow.

Aside from all that. IT'S KILLING PEOPLE! Do you really care about profit margins and the forces of capitalism more than human lives? What are profits for if not to improve the lives of people? Money, and the economy have to serve a purpose or they're just numbers.

bobknight33 said:

Giving up coal is not feasible at this point in time.

There are not better / cheaper alternatives-- otherwise the forces of capitalism would put the death nail into coal.

CarbonCure’s Concrete Innovation

newtboy says...

I think it should be paid for by co2 taxation. The cement makers free the co2, they should pay all costs to capture it again, not me. I'm not making profit from their co2 production, they are, so they should pay for the damages, that creates incentives for producers to not release it in the first place, government subsidies to recapture it without taxation on it's production do the opposite.

Fairbs said:

it sounds interesting, but how much more does it cost? if the societal benefits are greater than the added cost it should be subsidized by the government



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