TSLA: at open, down 4%; breaks below $670; trading at $669.01. Holy carbon, Batman! TSLA plummets. Down $46, could break below $655. I assume Cathie Wood is buying more. RIVN? Down 8%. But look at this: ELMS UP 200%. Later: TSLA now down over 9%, broke below $635 but according to a reader, Tesla is best in class. What does this mean for all the rest? Near the market close: down almost 10%. Trading at $633.
Coal: I'm still amazed, after all these years, folks still do not realize that EVs run on coal.
Coal? Probably not, but one never knows. Probably not in my lifetime but certainly my grandchildren could see the Brits going back to coal. Back to the future. Back to Britain. Link here. Great Britain is "back-pedaling" on its climate pledges.
Coal: link here.
SecEnergy: time to buy an EV.
- "if you can't afford to buy gas, buy an EV" — US SecEnergy who is quickly going down as the US' worst SecEnergy ever
- "let them eat cake" -- some French queen
Tesla: link here.
- Tesla Model 3:
- from $54,490 to $57,990
- a $2,500 price increase
- Tesla Model Y:
- Tesla's most popular model
- a bigger price increase with both versions
- Model Y Long Range: from $62,990 to $65,990
- a $3,000 increase
- Model Y Performance: from $67,990 to $69,990
- a $2,000 increase
- Tesla also now sells a Model Y Standard Range, the new version build in Texas, but Tesla has yet to let people buy it through its online configurator and only offers it to local Model Y buyers in Texas on an invitation basis for now
- Tesla Model S
- this new price increase comes after a $5,000 price increase just a few months ago:
- from $99,990 t0 $104,990
- a $5,000 price increase today
- a $10,000 price increase over past few months
- no one is buying this car for global warming reasons or to save money on gasoline
- Plaid: remains at $135,990.
- Tesla Model X
- like the Model S, a significant price increase a few months ago, and now again
- from $114,990 to $120,990
- a whopping $6,000 price increase on top of previous price increase
- Plaid: remains the same at $138,990
See linked article for writer's thoughts on these price increases.
In the past I use to think EV’s will never work. Now Tesla is proving that wrong. The most important thing they are doing is they are profitable, by a high margin. The second most important thing is they don’t just preach continuous improvement as everyone does they actually execute. Their motor for example is the most efficient on the market, which means smaller battery needed. It would not surprise me if it is still more efficient next year. Finally many of their key initiatives can and will permeate other markets. Dojo, FSD, their heat pump; etc, etc, etc. While everyone is circling the wagons they are moving on to new horizons.
ReplyDeleteYup. Been following Tesla innovations for years.
DeleteFor the archives, TSLA is down 8% today, trading below $645. The 52-week high was 1,244. A great trading stock.
Note: this blog is not an investment site and no recommendations are ever made.
One last thought: It is estimated that 2.2 million more barrels per day will be neede for 2023. How many EV’s does it take to replace just one million barrels of oil per day? And what ratio of that EV power is some kind of fossil fuel?
DeleteOr better yet: how much more coal is going to be needed for all those EVs?
DeleteVideo of the day: https://themilliondollarway.blogspot.com/2022/06/video-of-day-michigan-gm-confirm-coal.html.
The truth is out there.