Stock Market Thread

Discussions. Still no racial epithets or political campaigning. Don’t bring any of this back to the sports boards. What’s said in FFA, stays in FFA.
Dan Smith--BYU
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Re: Stock Market Thread

Post by Dan Smith--BYU » Mon May 17, 2021 2:43 pm

Just saw a documentary on DeLorean who was screwed by a totally corrupt FBI.

DeLorean's mistake was asking for peanut government subsidies compared to the multibillion dollar deal Musk got.

And trying it in Ireland rather than milking the big teat of the US.

And the minions congratulate him for his triple when he started on third base.

Never follow a cult of personality for investing or otherwise.


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Post by beerbrother » Tue May 18, 2021 1:03 am

Thanks Dan.

Those look interesting.

The stocks that went way up after COVID make me nervous. Bought shares of Carnival, United Airlines, Oneok & SL Green Realty that were all still down since March of last year. They are all in the green and Oneok has a 6.88% dividend.

Got shares of TWIST and Draft Kings thinking they might grow in the future but for now they are losing money.
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Post by LakecrestSteeler » Tue May 18, 2021 4:32 am

Dan Smith--BYU wrote:
Mon May 17, 2021 2:43 pm
Just saw a documentary on DeLorean who was screwed by a totally corrupt FBI.

DeLorean's mistake was asking for peanut government subsidies compared to the multibillion dollar deal Musk got.

And trying it in Ireland rather than milking the big teat of the US.

And the minions congratulate him for his triple when he started on third base.

Never follow a cult of personality for investing or otherwise.
Dan you sound like Donald. Totally corrupt FBI? It is one of the greatest investigative bodies on the face of the earth….totally corrupt? Really? Family member gets kidnapped you will denounce the FBI and ask for Roscoe P. Coltrane?

Quit parroting the biggest cult of personality on the face of the earth at this time. Or you will be left holding the Data Ninja bag in AZ.

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Post by LakecrestSteeler » Tue May 18, 2021 4:48 am

Kodiak wrote:
Mon May 17, 2021 6:17 am
LakecrestSteeler wrote:
Sun May 16, 2021 10:28 pm
Damn Elon Musk….his stocks in the shitter, and he is taking down Bitcoin!
Awww, yes.....Capitalism's pre-eminent Welfare Queen. Honestly, I'm very much on the fence as to just how brilliant or great leader he is.

In the past I said he's actually delivered some amazing things. But here's the key question: without Uncle Sugar, could he have accomplished this with 1/2 the money? What about 1/4? Or 1/10th?

He's not an idiot. But he's nowhere near Jobs or Gates, or hundred of other tycoons throughout history. Entirely forgettable without massive government assistance. Good for him - basically replaced NASA and somehow took over its government funding.
He really just did what Jobs did with the iPhone. All the parts and technology existed before the iPhone, sans Gorilla glass, and Jobs just put it all together. Of course, Jobs also put one of the greatest supply chains ever together, that few rival.

Musk just took existing tech and made the iPhone car, but without the ability for the huge markups. Musk likewise upended perhaps one of the most bloated supply chains ever; the dealership model.

And what capitalist isn’t a welfare queen? You think Gates and Bezos didn’t take handouts from the government? One could easily argue government makes markets and tycoons, and tycoons make government and markets. One can’t exist without the other. And they are one and the same in some instances.

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Post by Dan Smith--BYU » Wed May 19, 2021 2:38 pm

Wow. Lots of good little GermaNPC flying monkeys here defending Andrew Cuomo and the FBI.

The FBI botched the Pulse Nightclub shooting, San Bernadino shooting, fabricated a story to take down a President but hey, they had many agents all over the fake Bubba Wallace noose incident.

Still waiting on a coherent report about the Vegas slaughter.

The only recently correctly classified the Scalise shooting correctly.

I guess you forgot all about the FBI under Hoover and the MLK Suicide letter:

https://en.wikipedia.org/wiki/FBI%E2%80 ... letter.png

Defend that.

The left are very interesting in that they want to defund the police but not the most corrupt police. Because my tribe.
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Post by Kodiak » Thu Jun 03, 2021 6:51 am

LakecrestSteeler wrote:
Tue May 18, 2021 4:48 am
He really just did what Jobs did with the iPhone...And what capitalist isn’t a welfare queen? You think Gates and Bezos didn’t take handouts
LMFAO. Apples to oranges. Musk made 95% of his fortune off Tesla, and it would have been bankrupt years ago without BILLIONS in govt handouts thanks to climate hysteria.

Jobs and Gates were actual geniuses who had profound impacts on quality of living. It is, honestly, disgraceful to mention Musk in the same company.

Musk is a carnival barker - he may have invented the Shamwow, but he's also Vince. That pretty much sums it all up.
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Post by Professor Half Wit » Thu Jun 03, 2021 12:59 pm

Kodiak wrote:
Thu Jun 03, 2021 6:51 am
LakecrestSteeler wrote:
Tue May 18, 2021 4:48 am
He really just did what Jobs did with the iPhone...And what capitalist isn’t a welfare queen? You think Gates and Bezos didn’t take handouts
LMFAO. Apples to oranges. Musk made 95% of his fortune off Tesla, and it would have been bankrupt years ago without BILLIONS in govt handouts thanks to climate hysteria.

Jobs and Gates were actual geniuses who had profound impacts on quality of living. It is, honestly, disgraceful to mention Musk in the same company.

Musk is a carnival barker - he may have invented the Shamwow, but he's also Vince. That pretty much sums it all up.
Jobs had an impact on quality of life alright....
“Being a fan is fine, but there is a line you can cross that makes it really unhealthy,” said Ken Yeager, PhD, a mental health expert in the department of psychiatry at The Ohio State University Wexner Medical Center.

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Post by LakecrestSteeler » Thu Jun 03, 2021 9:52 pm

Kodiak wrote:
Thu Jun 03, 2021 6:51 am
LakecrestSteeler wrote:
Tue May 18, 2021 4:48 am
He really just did what Jobs did with the iPhone...And what capitalist isn’t a welfare queen? You think Gates and Bezos didn’t take handouts
LMFAO. Apples to oranges. Musk made 95% of his fortune off Tesla, and it would have been bankrupt years ago without BILLIONS in govt handouts thanks to climate hysteria.

Jobs and Gates were actual geniuses who had profound impacts on quality of living. It is, honestly, disgraceful to mention Musk in the same company.

Musk is a carnival barker - he may have invented the Shamwow, but he's also Vince. That pretty much sums it all up.
Carnival barker on Bitcoin and Dogecoin indeed!

A little harsh Kodiak?

He did after all get his company to shoot rockets into space and have the reusable rocket engines fall back to earth and land on a moving barge in the middle of the ocean, upright! That in and of itself makes one’s life pretty remarkable, and gets you in the history books. With the rocket booster unlock, he essentially turned himself potentially into the next Howard Hughes with StarLink, which all by itself gets you in the history books too. He now has lit up the world with relatively cheap satellite “hybrid-mobile” broadband. If he plugs StarLink into Tesla, he might corner the self driving market? He is still alive and young.

By the way is there a difference between a government subsidy and a tax break/credit incentive?

If you add up Apple’s and Amazon’s tax sheltering in Ireland with the knowledge boxes they have/had in place, we are probably talking a trillion dollars. The knowledge box, is where companies assign disproportionate profits to intellectual knowledge and R&D which happens to “take place” in Ireland, which happens to have a significantly lower Corp tax rate than the US. And we all know R&D and great ideas always take place far from the HQ mother ships.

It is all a tax shell game….hopefully the governments and Apple, Amazon, and Tesla have gotten what they wanted/needed. They of course are just a sampling.

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Post by Steelperch » Thu Oct 21, 2021 12:45 am

For the “Tesla is only profitable because of regulatory credits” crowd, go suck on the Q3 earnings report.

Tesla reported a massive $2.08 GAAP operating income with a ridiculous 30.5% gross margin on auto sales (28.5% if you exclude the credits). Tesla is well on their way to over 30% gross margins on auto sales without the regulatory credits. For reference GM and Ford hover around 12% margins. Tesla had a 57% revenue growth over last year.

Stock price should break the All Time high of $900 by the end of the year. Next year Austin and Berlin factories come on line which will each produce over 2 million vehicles per year when fully ramped up. Fremont is producing 450,000 units ramping to 650,000. Shanghai is also expanding capacity. Sure am glad I didn’t sell any shares during the shakeout.
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Post by 955876 » Thu Oct 21, 2021 4:15 am

Definitely seeing a lot more Teslas on the road. More and more and more.
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Post by 955876 » Thu Oct 21, 2021 7:46 pm

TSLA having a good day. Up over 3% into the close.
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Post by Steelperch » Mon Oct 25, 2021 1:38 pm

News out today that Hertz is buying 100,000 Teslas and switching their fleet to EVs. Tesla stock surging up near 970.
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Post by Steelperch » Mon Oct 25, 2021 6:22 pm

Steelperch wrote:
Mon Oct 25, 2021 1:38 pm
News out today that Hertz is buying 100,000 Teslas and switching their fleet to EVs. Tesla stock surging up near 970.
And Tesla breaks $1000 for the first time today. 50x from May of 2019.
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Post by Steelperch » Tue Nov 09, 2021 4:16 pm

I hope some of you guys invested in crypto. There is a massive transfer in wealth going on right now. Crypto over the next few months will set some people up for life.
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Post by SteelerDayTrader » Tue Nov 09, 2021 4:42 pm

Steelperch wrote:
Tue Nov 09, 2021 4:16 pm
I hope some of you guys invested in crypto. There is a massive transfer in wealth going on right now. Crypto over the next few months will set some people up for life.

Just remember

It doesn’t go up without busting others short
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Post by Dan Smith--BYU » Thu Nov 11, 2021 4:19 am

Seriously how many people are going to rent Teslas from Hertz?

Typical car rental is 30 bucks a day and over 100 for elite cars.

TSLA went up more on that announcement that the market cap of Honda.
The surest way to corrupt a youth is to instruct him to hold in higher esteem those who think alike than those who think differently.

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Post by SteelPro » Thu Nov 11, 2021 2:54 pm

Dan Smith--BYU wrote:
Thu Nov 11, 2021 4:19 am
Seriously how many people are going to rent Teslas from Hertz?

Typical car rental is 30 bucks a day and over 100 for elite cars.

TSLA went up more on that announcement that the market cap of Honda.
A lot of different ways to analyze that deal but none of it really justifies the pop in the stock that resulted. Frankly, I think it was really Hertz trying to drive investor enthusiasm for itself. But ultimately it just gave the TESLA zealots a nice headline and that is all it takes to get them revved up. Musk basically came out and poured water on the whole thing as largely just smoke. Maybe Hertz intends to buy 100K teslas. But it doesn't behoove Tesla to give Hertz any special deal because demand already largely outpaces production. And they likely won't be able to bilk subscription fees from those vehicles like they can the cars that go to individual consumers. I'm not quite sure what the demand will be for an EV rental. I know EV owners that rent ICE vehicles simply to avoid the hassle of charging on longer trips. But apparently Hertz has some sort of plan with Uber to make them available to their drivers. I dunno. Maybe there is something genius in that plan. Maybe not. Maybe it opens the floodgates to even more significant EV commitments from other rental companies. I can see why it moved the needle. Just don't believe it should have moved it as much as it did.
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Post by Fpuntlin » Thu Nov 11, 2021 6:45 pm

SteelPro wrote:
Thu Nov 11, 2021 2:54 pm
Maybe there is something genius in that plan. Maybe not. Maybe it opens the floodgates to even more significant EV commitments from other rental companies. I can see why it moved the needle. Just don't believe it should have moved it as much as it did.
Or maybe it's as simple as Hertz is trying to get cars from wherever they can.

I suppose there's demand for EV rentals, but I'd like to know how much the rental companies make off gas. Maybe the higher re-sale offsets that. In any event, there are plenty of more affordable EV's out there that would make more sense if they transition a significant part of their fleet to electric.

As for Tesla, it's worth, what, more than the next 6 car makers combined? But, as they say, the markets can remain irrational a lot longer than you can remain solvent!

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Post by SteelPro » Thu Nov 11, 2021 7:21 pm

A little more about the Hertz strategy:

https://www.autorentalnews.com/10155420 ... big-ev-bet

The rental car and electric vehicle worlds have been abuzz with the announcement of a “deal” between Hertz Global Holdings, Inc. and Tesla, Inc. Hertz announced plans to purchase 100,000 EVs from Tesla for the express purpose of renting up to half of these vehicles to Uber drivers with a high rating from their past passengers.

Ink has not been put to paper just yet, as Elon Musk recently tweeted that the contract for these vehicles has not yet been signed. But assuming signatures are forthcoming, the Hertz proposal to Uber drivers is fairly straightforward: Hertz will make a brand-new Tesla Model 3 available to drivers for a reported $334 a week including insurance. In order for this investment to be successful, Hertz must convince Uber drivers that a monthly expense of $1,338 can be recouped quickly enough so that the driver can start earning take-home pay.
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Post by Steelperch » Fri Nov 12, 2021 6:39 pm

Dan Smith--BYU wrote:
Thu Nov 11, 2021 4:19 am
Seriously how many people are going to rent Teslas from Hertz?

Typical car rental is 30 bucks a day and over 100 for elite cars.

TSLA went up more on that announcement that the market cap of Honda.
A lot of people would prefer to rent a Tesla than a Ford or GM especially for the same cost. Many people will want to own a Tesla after driving one. Nothing gets rid of the fear of something new quite like experiencing it, especially once they learn how broad the Tesla charging network is..

And as far as market cap goes, Rivian just IPO’d this week with a market cap greater than Ford or GM. Have they even delivered a car yet? Tesla is 10 years and millions of deliveries beyond Rivian. People still don’t comprehend that the entire auto industry is going EV within a decade. Many traditional automakers will vanish. Software and ride hailing from EV companies will be a massive industry. It’s not just about making cars.

I think Tesla went up so much because it spent most of the year pushing sideways and the 3rd quarter reports blew everything out of the water. The stock has a habit of running sideways then explosively gaining. The drop back to 1000 is expected and it’ll sit there for months before blowing through 1500.
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Post by SteelPro » Fri Nov 12, 2021 8:43 pm

Steelperch wrote:
Fri Nov 12, 2021 6:39 pm
Dan Smith--BYU wrote:
Thu Nov 11, 2021 4:19 am
Seriously how many people are going to rent Teslas from Hertz?

Typical car rental is 30 bucks a day and over 100 for elite cars.

TSLA went up more on that announcement that the market cap of Honda.
A lot of people would prefer to rent a Tesla than a Ford or GM especially for the same cost. Many people will want to own a Tesla after driving one. Nothing gets rid of the fear of something new quite like experiencing it, especially once they learn how broad the Tesla charging network is..

And as far as market cap goes, Rivian just IPO’d this week with a market cap greater than Ford or GM. Have they even delivered a car yet? Tesla is 10 years and millions of deliveries beyond Rivian. People still don’t comprehend that the entire auto industry is going EV within a decade. Many traditional automakers will vanish. Software and ride hailing from EV companies will be a massive industry. It’s not just about making cars.

I think Tesla went up so much because it spent most of the year pushing sideways and the 3rd quarter reports blew everything out of the water. The stock has a habit of running sideways then explosively gaining. The drop back to 1000 is expected and it’ll sit there for months before blowing through 1500.
We’re going to need to build a shit load of new nuclear power plants really quickly to support the entire auto industry going EV in a decade.
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Post by Steelperch » Sat Nov 13, 2021 2:11 am

I hope you’re right Pro. Wind turbines sure ain’t gonna cut it.
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Post by fractalsteel » Sat Nov 13, 2021 3:31 pm

SteelPro wrote:
Fri Nov 12, 2021 8:43 pm
We’re going to need to build a shit load of new nuclear power plants really quickly to support the entire auto industry going EV in a decade.
Interesting idea/problem.
Question is how many are going to be needed to meet demand? Currently there are what, two under construction and the last new one opened in 2016?
Should be an interesting battle to see if the demand is going to be met by nuclear power(I have my doubts) cause there are going to be multiple fronts fighting against and for this if that is the direction taken to meet the demand in a tight time frame.

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Post by SteelPro » Sat Nov 13, 2021 3:57 pm

fractalsteel wrote:
Sat Nov 13, 2021 3:31 pm
SteelPro wrote:
Fri Nov 12, 2021 8:43 pm
We’re going to need to build a shit load of new nuclear power plants really quickly to support the entire auto industry going EV in a decade.
Interesting idea/problem.
Question is how many are going to be needed to meet demand? Currently there are what, two under construction and the last new one opened in 2016?
Should be an interesting battle to see if the demand is going to be met by nuclear power(I have my doubts) cause there are going to be multiple fronts fighting against and for this if that is the direction taken to meet the demand in a tight time frame.
Most experts believe we need to at least double capacity of electricity to support 100% adoption of EVs. Green energy can't do all of that and obviously fossil fuel generated power is being phased out. So both climate activists and policy makers need to start shifting to nuclear and they need to do it fast. Up to this point there has been a real push back on nuclear. It scares people. But it is really the only way to produce the amount of consistent power necessary without burning carbon based fuels. And it takes a long time to get new nuclear plants online, especially in the US. From ground breaking to producing energy is like 5 years. That doesn't include time needed to get the project approved. The good news is some countries are doing better with that like China and France who take a cookie cutter approach to the design to streamline getting these things approved and built. But here in the states no way we could support all EVs in a decade with the grid in its current state. Now there is a big difference between only EVs on the road and only EVs being sold. Regardless, I think it will take longer than a decade to completely phase out ICE automobile sales. By the way, Uranium spot prices have skyrocketed lately and those stocks have taken off in a big way. I've made nice gains on them this year.
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Post by Fpuntlin » Tue Nov 16, 2021 9:24 am

SteelPro wrote:
Fri Nov 12, 2021 8:43 pm
We’re going to need to build a shit load of new nuclear power plants really quickly to support the entire auto industry going EV in a decade.
Actually, EV cars don't directly impact power generation. But they matter to power DELIVERY. I agree the infrastructure can't deliver enough electric for an all EV fleet of cars, but that's a separate issue from power generation.

To your point, yes, you'd need more electricity capacity to charge EV cars. But it's sort of a distinction without a difference whether you pump gas in your car, or they fire up a new oil-powered (or natural gas) plant to produce electric to charge it.

That said, seems like a lot of money going into generation and not nearly enough into delivery. I'd have to research more, but the latest infrastructure bill, along with the second proposed bill, doesn't appear to have much money for the power delivery grid.

Fully agree with your premise, just in terms of general power demand. You're right that delivery capacity will be a bottleneck. It's already, and has been, a bottleneck. There isn't a coherent plan to meet our energy needs into the future. Not sure renewables can keep pace with growth, much less displace fossil fuels (which is why most practical people who've looked at it see nuclear as an intermediate bridge, at minimum).

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Post by Deebo » Wed Nov 17, 2021 3:04 pm

Steelperch wrote:
Fri Nov 12, 2021 6:39 pm
Dan Smith--BYU wrote:
Thu Nov 11, 2021 4:19 am
Seriously how many people are going to rent Teslas from Hertz?

Typical car rental is 30 bucks a day and over 100 for elite cars.

TSLA went up more on that announcement that the market cap of Honda.
A lot of people would prefer to rent a Tesla than a Ford or GM especially for the same cost. Many people will want to own a Tesla after driving one. Nothing gets rid of the fear of something new quite like experiencing it, especially once they learn how broad the Tesla charging network is..

Where is this "Broad charging network"?

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Post by Steelperch » Fri Nov 19, 2021 1:31 am

Deebo wrote:
Wed Nov 17, 2021 3:04 pm
Steelperch wrote:
Fri Nov 12, 2021 6:39 pm
Dan Smith--BYU wrote:
Thu Nov 11, 2021 4:19 am
Seriously how many people are going to rent Teslas from Hertz?

Typical car rental is 30 bucks a day and over 100 for elite cars.

TSLA went up more on that announcement that the market cap of Honda.
A lot of people would prefer to rent a Tesla than a Ford or GM especially for the same cost. Many people will want to own a Tesla after driving one. Nothing gets rid of the fear of something new quite like experiencing it, especially once they learn how broad the Tesla charging network is..

Where is this "Broad charging network"?
Tesla has 30,000 superchargers already. Drive a Tesla sometime and pull up the app when you need a charge. You’re never far away. The biggest mental hurdle for people switching to EVs is charge anxiety. It’s already a non issue.
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Post by LakecrestSteeler » Fri Nov 19, 2021 2:32 am

SteelPro wrote:
Fri Nov 12, 2021 8:43 pm
Steelperch wrote:
Fri Nov 12, 2021 6:39 pm
Dan Smith--BYU wrote:
Thu Nov 11, 2021 4:19 am
Seriously how many people are going to rent Teslas from Hertz?

Typical car rental is 30 bucks a day and over 100 for elite cars.

TSLA went up more on that announcement that the market cap of Honda.
A lot of people would prefer to rent a Tesla than a Ford or GM especially for the same cost. Many people will want to own a Tesla after driving one. Nothing gets rid of the fear of something new quite like experiencing it, especially once they learn how broad the Tesla charging network is..

And as far as market cap goes, Rivian just IPO’d this week with a market cap greater than Ford or GM. Have they even delivered a car yet? Tesla is 10 years and millions of deliveries beyond Rivian. People still don’t comprehend that the entire auto industry is going EV within a decade. Many traditional automakers will vanish. Software and ride hailing from EV companies will be a massive industry. It’s not just about making cars.

I think Tesla went up so much because it spent most of the year pushing sideways and the 3rd quarter reports blew everything out of the water. The stock has a habit of running sideways then explosively gaining. The drop back to 1000 is expected and it’ll sit there for months before blowing through 1500.
We’re going to need to build a shit load of new nuclear power plants really quickly to support the entire auto industry going EV in a decade.
You really think this will cause an energy grid problem? If a car gets 300ish miles per charge, that is plugging in every 10 days(average commute 16 miles). All the solar installs and windmills, industrial and home, and all the LED lights getting installed. I don’t think it will be as big a pinch as we think. Powerwall installations are getting more ubiquitous everyday. When they are truly ubiquitous, that means homes and businesses will be nearly off the grid as people tinker with feeding their power walls with solar and wind, freeing up excess for car charging. Haven’t done the math on any of this, and know it takes a lot of solar panels to charge a Tesla in one day in a sunny area. But I also know it doesn’t take many panels to get a house off grid in many areas. Plus with all the global warming….more sun hitting the solar panels.

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Post by LakecrestSteeler » Fri Nov 19, 2021 2:45 am

Fpuntlin wrote:
Tue Nov 16, 2021 9:24 am
SteelPro wrote:
Fri Nov 12, 2021 8:43 pm
We’re going to need to build a shit load of new nuclear power plants really quickly to support the entire auto industry going EV in a decade.

To your point, yes, you'd need more electricity capacity to charge EV cars. But it's sort of a distinction without a difference whether you pump gas in your car, or they fire up a new oil-powered (or natural gas) plant to produce electric to charge it.
It is much better to have it all going up 1,000 smoke stacks than 1,000,000,000 little smoke stacks.

Always better to work as clean as possible. If you are in a work shop and all your wood working machines together are blowing out 100lbs of saw dust a day at each work station versus blowing out a 100lbs into a central vac system…everyone will prefer the central vac system. Still 100 pounds of saw dust at the end of the day, but now you can measure it, sell it or turn it into would pellets and the like.

Same thing with the big smoke stacks. At least you can measure it…perhaps sell it…repipe it to the furnace again….transform it…reduce it and things we haven’t thought of because it was all over the place.

SteelPro
Posts: 1468
Joined: Tue Sep 24, 2019 7:38 pm

Post by SteelPro » Fri Nov 19, 2021 1:06 pm

LakecrestSteeler wrote:
Fri Nov 19, 2021 2:32 am
SteelPro wrote:
Fri Nov 12, 2021 8:43 pm
Steelperch wrote:
Fri Nov 12, 2021 6:39 pm


A lot of people would prefer to rent a Tesla than a Ford or GM especially for the same cost. Many people will want to own a Tesla after driving one. Nothing gets rid of the fear of something new quite like experiencing it, especially once they learn how broad the Tesla charging network is..

And as far as market cap goes, Rivian just IPO’d this week with a market cap greater than Ford or GM. Have they even delivered a car yet? Tesla is 10 years and millions of deliveries beyond Rivian. People still don’t comprehend that the entire auto industry is going EV within a decade. Many traditional automakers will vanish. Software and ride hailing from EV companies will be a massive industry. It’s not just about making cars.

I think Tesla went up so much because it spent most of the year pushing sideways and the 3rd quarter reports blew everything out of the water. The stock has a habit of running sideways then explosively gaining. The drop back to 1000 is expected and it’ll sit there for months before blowing through 1500.
We’re going to need to build a shit load of new nuclear power plants really quickly to support the entire auto industry going EV in a decade.
You really think this will cause an energy grid problem? If a car gets 300ish miles per charge, that is plugging in every 10 days(average commute 16 miles). All the solar installs and windmills, industrial and home, and all the LED lights getting installed. I don’t think it will be as big a pinch as we think. Powerwall installations are getting more ubiquitous everyday. When they are truly ubiquitous, that means homes and businesses will be nearly off the grid as people tinker with feeding their power walls with solar and wind, freeing up excess for car charging. Haven’t done the math on any of this, and know it takes a lot of solar panels to charge a Tesla in one day in a sunny area. But I also know it doesn’t take many panels to get a house off grid in many areas. Plus with all the global warming….more sun hitting the solar panels.
The guy building all of the EVs says it is going to be a problem. Solar power and battery storage can help. But costs need to come down greatly and it is just not feasible for most people. I’ve gotten quotes to install solar panels with two power walls. It is a big number and it also means I’d need to clear 3 really large shade trees from my property. Decided not to do it. Maybe down the road.

“If we shift all transport to electric then electricity demand approximately doubles…this is going to create a lot of challenges with the grid“ - Elon Musk
People who quote themselves look like dogs who lick their balls

- Deebo referring to SteelerDayTrader

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