This is the problem I have with EVs: they may eventually "be the future," but compared to ICE, their margins are going to be very, very slim for a very, very long time.
From CNBC today: Nio suspends production.
- Nio announced Sunday it would raise the prices for its three SUVs — the ES8, ES6 and EC6 — by 10,000 yuan ($1,572), effective May 10, 2022
- apparently raising prices to increase already incredibly high margins, according to at least one reader; LOL.
- A day earlier, on Saturday, Nio said it suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers’ factories.
- Many other electric car companies, from Tesla to Xpeng, have raised prices in the last several weeks.
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The Biden Surge
One big "smoke and mirrors" play.
Previous releases were swaps; specific dates for re-placing swapped oil.
The Biden release was for cash; details very, very vague on when oil must be replaced.
Biden release: 30 million bbls / month for six months.
Next month, May, 2022, from an earlier release (a swap) oiil companies must replace 30 million bbls of previously released/swapped oil. So, for May, 2022, LOL, the swap is a wash.
Wow, how gullible are "we"?
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Quick: What Connects These Three?
Hint: Texas loves their sports.
- Clayton Kershaw: MLB.
- Matthew Stafford: NFL.
- Scottie Scheffler: PGA.
One connection: all have championship "rings": World Series, Super Bowl, the Masters.
But here's the other connection: they all attended Highland Park High School.
And, on top of that, Highland Park is Olivia's soccer team's annual nemesis.
By the way, most US high schools have no golf teams.
A few US high schools have golf teams.
Highland Park has two golf teams. Last year they took first and third in the state.
Highland Park High School has its own wiki page. Is this a great country or what.
Their high school reunions must be incredible.
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Flathead Lake
Sunday Before Easter
April 11, 2022
Meanwhile, snow in Portland, Oregon:
The Portland, OR, snowstorm dumped the most snow for this date in 80 years. Global warming. Doubts remain.
Truly miss the beauty/stillness of the snow.
ReplyDeleteDo not miss shoveling/snow-blowing a path just to get to the car. My back does not miss putting up 5-6 cord of wood every year, either
Nor do I miss all the aspects of driving in the snow.
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