Locator: 48734TECH.
Thursday, November 7, 2024
Wow -- This Never Quits! -- Now, It's Nissan -- November 7, 2024
Locator: 48733AUTOS.
Wait until they start selling EVs. LOL.
Car manufacturers are in deep doo-doo! The dots are easy to connect.
6,000 -- November 7, 2024
Locator: 48732MARKET.
Tag: S&P.
It's all "red" but that's not the point.
This is the point.
President-Elect Selects Susie Wiles For Chief Of Staff -- Another First -- Second Most Powerful Position In The World? November 7, 2024
Locator: 48731B.
Counterintuitive: the best thing with regard to the Trump phenomenon? That "gap year." Or rather, the "four-year-gap." It gave him four years to prepare for his second term. This will turn out to be huge for him and his administration.
Still the most fun I'm having: Sky News.com.au, lefties losing it. Gutfeld!
Thursday Night Football! Amazon Prime. TNF comes with the subscription; no extra charge.
US Senate, is it now 53 - 45? With two uncalled -- Nevada and Arizona? Link here.
White House, US president's chief of staff: first female for this post ever in the history of the US; appointed by President-elect Trump. Susie Wiles with an incredible resume. Probably the second most important position in the US, after POTUS.
"Fed chair": can only be removed "for cause." A bit unclear who can remove the "Fed chair" "for cause." So, already that's an issue for the press. Current "Fed chair" was originally appointed by President-elect Trump.
The first "influencer" election: won by Trump. Perhaps most powerful, Joe Rogan. As folks may remember, Kamala Harris unable to fit a 3-hour podcast into her busy schedule. Link here.
At least there's one adult in Hollywood:
Parting shot, link here:
Megyn Kelly: Trump supporter and Blackout Coffee --
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Back to the Bakken
WTI: $72.17.
Active rigs: 38.
One new permits:
- Operator: Phoenix Operating
- Field: Green Lake (Divide County)
- Comments:
- Phoenix Operating has a permit for a Ferrari well, SESW 34-160-100,
- to be sited 325 FSL and 2024 FWL
Three permits renewed:
- Hunt (2): two Halliday permits, Werner oil field, Dunn County;
- Enerplus: a Hall permit, Phaelens Butte, McKenzie County.
Two producing wells (DUCs) reported as completed:
- 40273, 146, Empire North Dakota, Nuthatch 299-12 1H, Bottineau County;
- 40593, 1,070, CLR, Doe 2-23HSL, Dunn County
Rivian -- A Loss Of $38K On Each Vehicle Delivered -- The Company That Can't Shoot Straight -- 3Q24
Locator: 48730RIVIAN.
Updates
November 10, 2024:
Original Post
Just reported, three minutes ago.
- a miss on the top and bottom lines.
- 3Q24 revenue, a huge miss: $874 million vs $990 million forecast.
- a loss of $39,130 per vehicle
- that's $9,000 worse than 3Q224 (last year)
- a loss off 99 cents vs a loss of 92 cents expected
- guidance: wider loss for full year than originally forecast -- trending in wrong direction
- in interview with CNBC: CEO blames everything, including supply change shortages (plural; below, it was singular)
- to me, sounds like incredibly poor execution
- CEO calls it "noise."
- avoids answering finance questions; pivots back to building a better truck; focused on customer;
Revenue drops for first time since IPO, link here:
- due to short supply of a part, Rivian last month slashed its full-year production forecast to between 47,000 and 49,000 vehicles, from its earlier projection of 57,000 units;
- 50,000 vehicles x $39,000 = 50 x 40 x 10^6 = 50 x 40 x million = 2,000 million = $2 billion
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Lucid
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