The Million Dollar Way (The Bakken Oil Blog): Overnight -- July 21, 2022

Thursday, July 21, 2022

Ford: Bloomberg --

will cut 8,000 jobs to help fund EV investment
reductions seen coming from the Ford division that is producing gas-fueled models
CEO: Ford profit hampered by having "too many people"
boardroom

CEO: "ICE division -- we have to cut; we need cash to fund EV development"
head of ICE: "So, we're hitting on all cylinders; making money hand-over-fist; our people are incredible; putting out a product the US consumer wants; we're meeting / exceeding all expections; and the reward for our union members is to cut 8,000 well-paying jobs?"
CEO: "Yes. Now, back to EV. Bill, when do you see turning a profit in EVs?"
CEO: "Bill?"

Tesla: more comments over at twitter about Tesla selling bitcoin

appears to have bought at about $33,000
appears to have sold for about $29,000
if accurate, did great job minimizing loss
many think the bitcoin sale accounts for company's "free cash flow" this past quarter
whether accurate or not, a question and an observation:
is that why Tesla sold? Nope, Tesla sold to stop losing money; they saw where bitcoin was headed
folks are using the phrase "free cash flow" too often; I wouldn't consider selling bitcoin "free cash floow"; it might be "cash" but it really wasn't "flow" as in continuous revenue stream from ongoing operations

Back to military medicine vs civilian medicine: link here;

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Maps

Great observation: Safari (Apple) maps vs Google maps. Link here.

both "styles" have their advantages
but having it pointed out to me, helps me decide which format to use, depending on the situation

before arriving at airport, or before deplaning: use Safari maps for terminal location
once having passed through security, or during layover: use Google maps to locate retail

if I had only one choice: as much as an AAPL fanboy that I am, I think Google wins on this one;
by the way, KPIs?