5 min to charge for 250 miles is basically the same as pumping gas at a gas station.
BYD is kicking Tesla’s butt.
The so-called “super e-platform” will be capable of peak charging speeds of 1,000 kilowatts (kW), enabling cars that use it to travel 400 km (249 miles) on a 5-minute charge, founder Wang Chuanfu said at an event livestreamed from the company’s Shenzhen headquarters.
I bet it will take a long time to build the infrastructure and vehicles to charge in 5 minutes. But it means existing vehicles will be obsolete. Early adaptations are always at risk of becoming Betamax. Musk is caught with his pants down. He needs to get back to his business.
Tesla stock is heading towards 100.
My buddy that owns Canna Blue just bought a 2019 X for $32k. They were $140k new. Musk is destroying his brand. And the dumpster needs to be dumped
Well at least we don’t have the whole government trying to force everyone into an EV. That would be the worst payoff to political lobbies. With prices of all EV’s cratering I only wish I had a use for one. I don’t.
I watched Telsa’s all-hands meeting on youtube. Elon was very positive on the future of the company, completely different from market view at least from the news channels I have seen. Elon thinks Tesla has a bright future and every business it’s in is booming with new products coming amid large demand. Told wife maybe we should invest some more (already have a small position at a loss), then the market jumped today.
I am just amazed that Elon’s view is so different from the market. That amount of disconnect is staggering. Only time will tell who is right.
Personally I enjoy driving my model X plaid. We upgraded from a model Y just because we want to continue to get the latest FSD updates (transferred from the model Y). Nowadays I pretty much always use FSD on freeways, frequently on local roads too. I have hit a few situations where FSD didn’t handle well but overall it’s quite capable.
Trump 25% tariffs on cars and parts worldwide will devastate the car industry. He thinks it will help US autoworkers. It will mean disruption shortages and much higher prices… just like Covid. It will mean massive layoffs for American autoworkers. Tariffs are stupid taxes on consumers that are supposed to help autoworkers… they won’t.
Trump is loving playing chicken with tariffs. It didn’t work well last time. Farmers were hurt badly. This time maybe our wine industry will benefit. Yeah for me. But I am not holding my breath.
However France just blinked.
Many Americans don’t even understand tariffs are taxes paid by Americans. They believe Trump’s idiotic line that it’s the foreign countries paying it. They are cheering for stupid higher taxes. They don’t even think one step ahead. Other countries can retaliate too?
Morons.
We are heading towards the most stupid, most unnecessary recession since the Smoot Hawley Tariff Act in 1930. Pushed us deep into Great Depression. It’s not just the imports. In a bad economy people don’t spend money. People get laid off and don’t get jobs. Every business is worse off. Everyone is worse off.
I agree. But in reality we buy way too much cheap foreign crap and booze. Maybe Trump is secretly a woke environmental wacko that wants to reduce consumption, drug use and alcoholism… lol.
Imports have changed America. I remember a time when we weren’t a bunch of fat slobs shopping for useless junk at Walmart…
So maybe we need an austerity program… scared straight.
Our economy has outshined every other country on this planet for the last 20 years. That’s until Trump came along with a sledgehammer. We don’t make T-shirts and toaster ovens anymore because our resources is better spent on making high value stuff.
I knew the Orange Man is bad. But I thought at least he won’t destroy the economy and the market? Turns out I was dead wrong. He even has the world’s richest man stealing grandma’s social security checks.
GOP won the first popular vote in 20 years and had the chance to build a lasting coalition. Trump lost it in 3 months. Elon is even more hated than Trump. I don’t see how Tesla can prosper long term. That brand is hot garbage now.
This interview has some background information related to this topic:
Apparently Lutnick came up with the original DOGE idea, not Musk. Didn’t know that. Worst a listen.
The stealing of SS checks is typical woke propaganda. The reason Trump won is the Democrats went into the woke ditch with the woke witch. The worst candidate in their history. We had no choice . Trans wackos or Trump the chump. Trump is trying to appease his union members base. But is going about it in a stupid way. Hopefully sanity will reign.
For this nation’s first 150 years we had no income tax and financed all of government through a variety of tariffs. Today we are the only developed country that doesn’t have a VAT or other form of consumption tax which is what causes the trade imbalances Trumps seeks to mitigate. One advantage of consumption taxes is that they get the whole underground economy. Every criminal will now pay them when they buy imported goods; income taxes only apply to those who make their money legally.
But yes, 25% is excessive. We’ll see how it plays out. Rates can be lowered at the stroke of a pen unlike income taxes. I take comfort in knowing that if we had gotten Harris the EV mandate would have raised prices on real cars a lot more than 25%. The whole “Green New Deal” would have jacked the prices of everything else. Odd though how our government works. The President can’t fire people from the bureaucracy - people who supposedly work for him - without judges trying to intervene. But he can do anything he wants with tariffs.
Tariffs don’t work the same way as VAT. For one services don’t get the tariff treatment, and services is 70% of the US economy. If you want to re-balance economy towards more manufacturing, you should not punish manufacturing by taxing it more.
There is also no plans, not even concepts of a plan, in Trump’s tariff plan. One week he’s talking about it’s just negotiation, the next week his guys say it’s about food testing. If you just wing it like that even in a small company, you will get fired the next day.
Tariff is a black box. Companies can get waivers. You bet Elon won’t pay any of this tariff. Only the plebs too poor to make donations to Trump pay. This admin is also the most corrupt in modern history. Last thing you want is to open even more avenues for paybacks.
You don’t reshape the largest economy in the world on a whim. If Trump has plans, let him lay it out in the open and let Congress and the whole country debate its merits.
Trump is hung up on tariffs because he can impose them without congressional approval. They are expedient. They are a tax on goods. People will reduce consumption. But since services are 70% of the economy they may not be as devastating as people think. I assume the stock market will take a big hit on liberation day. A lot of rich people will be liberated from their money…
I don’t Trump has a clue about what happens next. But our record $1.2trillion annual trade deficit needs to be addressed. The Democrats are just as clueless and have lost the support of the working class, especially manufacturing workers.
I think EPA and the unions need to be reigned in before manufacturing returns. I doubt heavy industries that produce iron copper aluminum and cement will ever return. Those basic materials will just be more expensive. Construction costs are already out of sight.
We self-sabotage in a myriad of ways. I was at a talk given by two of our Corporate Commissioners yesterday. California’s solar fields produce an excess of electricity at times which CA has to pay AZ to take to stabilize the grid. Then CA pays us again for electricity at night. We’re going to further leverage this relationship by installing pumps 300 ft down in one of our largest reservoirs. Since we can’t use much of electricity being shipped to us given its intermittent nature we’re going to use it to pump water into a higher section of the reservoir. Then we’re going to run it back through turbines so we can sell CA back the same electricity they had to pay us to take. One reason we pay about 0.17 a kWh while Californians pays almost 0.40.
Trade deficit has a bad rep because the word “deficit” just gives the bad vibe. iPhones are made in China. You buy an iPhone and the trade ledger will log it as a “deficit” to China. But Apple the American company makes the most money out of the phone, not Foxconn.
Similarly, you buy an Nvidia GPU made in Taiwan is another deficit. But guess who makes the most money? American company Nvidia or Taiwanese company TSMC?
American stock market outperformed everybody else in the last 20 years. Investors are not stupid.
Agree that this is the only reason he likes to employ tariff for many issues.
I believe Trump understands how this work.
His goal is to find work for blue collars and increase their take home. However I don’t think tariff can achieve that.
