Thursday, April 18, 2019

April 18, 2019, T+6, Part 7 -- Tesla; Road To Colorado; Update On The Apple-Qualcomm Deal; United Van Lines National Movers Study

Words Musk Melon does not want to hear in same sentence: major investor slashes Tesla holdings.

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
... and moving to these three states:
  • New Mexico
  • Florida
  • Arizona
2018 United Van Lines National Movers Study.

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