Link here.
T. Rowe Price funds slashed Tesla Inc holdings in the first quarter, data showed on Wednesday, as the institutional investor continued to cut its positions in the electric vehicle maker.
The firm, which has been one of the largest investors in the Silicon Valley company, sold off 92 percent of its prior holdings in the company during the quarter.Coincides with end of federal credits for Tesla.
T. Rowe Price: well played.
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Road To Colorado
From Rigzone staff.
Colorado governor proudly signs bill killing Colorado's oil industry.
Oil companies will start/stop drilling based on a 6% extraction tax vs a 5% extraction tax. Colorado has passed a law that will be much more challenging than a one percent change in the extraction tax.
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New York City
Passes law to require skyscrapers to "go green."
Unless I'm missing something, this brings no new income to the city itself.
The
owners will have to spend money on upgrades; this will be a capital
expense which will lower their city, state, and federal income taxes.
Big players will pass costs on to tenants.
Smartest decision Jeff Bezos ever made: flee Long Island City. Can you imagine?
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Update On That Apple-Qualcomm Deal
Link here.
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Occasional Cortex
Just when one thought a politician couldn't do anything more stupid than dissing Jeff Bezos / Amazon .... the New York City council just found a way to:
- cut city income
- drive out the rich and famous
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Speaking Of Which
From CNBC so you know it's true.
Retirees fleeing these three states...
- New Jersey
- Maine
- Connecticut
- New Mexico
- Florida
- Arizona
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