E-car Sales Collapse

TailingsPond · Monday at 12:24 AM

The interest rate cut benefits Tesla more than other manufactures. The markets think if you can get cheaper loans you will choose EV.

https://oilprice.com/Energy/Energy-General/Energys-Biggest-Gainers-After-Fed-Rate-Cut.html

"In the energy sector, EV maker Tesla Inc. (NASDAQ:TSLA) made the biggest gain at 7.3%, with lower interest rates likely to benefit car stocks since it makes car financing more affordable, easing companies’ need to lower prices and increasing demand."

Oil shares get a bump of maybe 2%

"Meanwhile, stocks of Big Oil companies also enjoyed a bump following the big rate cut: Exxon Mobil Corp. (NYSE:XOM)+2.4%, Chevron Corp.(NYSE:CVX)+1.7%, Marathon Oil (NYSE:MRO)+1.7%, Shell Plc (NYSE:SHEL)+ 1.5% and BP Plc (NYSE:BP)+2.3%.

Edited Monday at 12:25 AM by TailingsPond

Ecocharger · Monday at 05:28 PM

17 hours ago, TailingsPond said:

The interest rate cut benefits Tesla more than other manufactures. The markets think if you can get cheaper loans you will choose EV.

https://oilprice.com/Energy/Energy-General/Energys-Biggest-Gainers-After-Fed-Rate-Cut.html

"In the energy sector, EV maker Tesla Inc. (NASDAQ:TSLA) made the biggest gain at 7.3%, with lower interest rates likely to benefit car stocks since it makes car financing more affordable, easing companies’ need to lower prices and increasing demand."

Oil shares get a bump of maybe 2%

"Meanwhile, stocks of Big Oil companies also enjoyed a bump following the big rate cut: Exxon Mobil Corp. (NYSE:XOM)+2.4%, Chevron Corp.(NYSE:CVX)+1.7%, Marathon Oil (NYSE:MRO)+1.7%, Shell Plc (NYSE:SHEL)+ 1.5% and BP Plc (NYSE:BP)+2.3%.

Not if the natural limits of their market space have been reached. The only result would then be a further decline in price with practically zero elasticity in the demand curve...remember your ECON 100 introductory lessons?

Edited Monday at 05:28 PM by Ecocharger

TailingsPond · Monday at 05:50 PM

21 minutes ago, Ecocharger said:

Not if the natural limits of their market space have been reached. The only result would then be a further decline in price with practically zero elasticity in the demand curve...remember your ECON 100 introductory lessons?

Did you not see the share price rise?

TailingsPond · Monday at 05:56 PM

TSLA - All electric

+4.2% today

+43.8% 6 months

+0.53% YOY

Ford - Some electric but decided to slow EV transition

+0.18% today

-15.5% 6 months

-13.4% YOY

Would you choose losing 15.5% over the last 6 months or gaining 43.8% over the same time period?

Edited Monday at 06:00 PM by TailingsPond

Ryan McCormack · Monday at 08:01 PM

Hi Jay and fellow enthusiasts, I think your knowledge of the e-vehicle market is wonderful, and feel that it is crucial to hear about this today! I think e-vehicles are the new wave of the future. As a fellow business owner, I see the dramatic effect gasoline is doing on global warming. We must get rid of gasoline driven vehicles. Even though the electric lawnmower had it's problems when it first started, now it is the norm. So too, should the electric vehicle replace the gasoline vehicle!!!! Yes, there are risks involved, but as a nation we must convert to this plan and save mother earth!

Ecocharger · Tuesday at 03:51 PM

22 hours ago, Ryan McCormack said:

Hi Jay and fellow enthusiasts, I think your knowledge of the e-vehicle market is wonderful, and feel that it is crucial to hear about this today! I think e-vehicles are the new wave of the future. As a fellow business owner, I see the dramatic effect gasoline is doing on global warming. We must get rid of gasoline driven vehicles. Even though the electric lawnmower had it's problems when it first started, now it is the norm. So too, should the electric vehicle replace the gasoline vehicle!!!! Yes, there are risks involved, but as a nation we must convert to this plan and save mother earth!

Where do you see the impact of human-made CO2 on Mother Earth?

Edited Tuesday at 06:36 PM by Ecocharger

TailingsPond · Tuesday at 11:39 PM

On 9/24/2024 at 9:51 AM, Ecocharger said:

Where do you see the impact of human-made CO2 on Mother Earth?

Do you not think anthropogenic CO2 increases plant growth?

Do you deny the "plant food" theory, or do you accept that humans have had an impact on mother earth?

You ask people questions but never answer any. Stop asking or start answering.

Edited 17 hours ago by TailingsPond

TailingsPond · Tuesday at 11:42 PM

7 hours ago, Ecocharger said:

Where do you see the impact of human-made CO2 on Mother Earth?

What forms of pollution would you support limiting with government regulation? You seem to support all forms of pollution.

If not CO2 how about methane, heavy metals, carbon monoxide, ozone, PM 2.5?

Edited Tuesday at 11:43 PM by TailingsPond

turbguy · Thursday at 03:40 AM

...and just in from The Kingdom of Canada!

Royal Decree –0000000252 – Electric Vehicles

To the Attention of: [I deleted the usual long list of military and government agencies]

Re: Safety, Security, and Sovereignty of The Kingdom of Canada- Transport infrastructure, Infrastructure and Highways, Trade and Commerce – PERMANENT ban on Electric Vehicles, FORTHWITH.

I AM, HRM Queen Romana Didulo, Commander-in-Chief, President, National Indigenous Chief and Queen of the Kingdom of Canada, hereby issue this Royal Decree effective immediately dated today September 23, 2024 as follows, under “Natural Law.”

Section 1 – Electric Vehicles Manufacturing

Forthwith, the manufacturing of “ELECTRIC VEHICLES” is prohibited and permanently banned in The Kingdom of Canada.

Section 2 - Electric Vehicles Exporting

Forthwith, the exporting of “ELECTRIC VEHICLES” is prohibited and permanently banned in The Kingdom of Canada.

Section 3 - Electric Vehicles Importing

Forthwith, the importing of “ELECTRIC VEHICLE[S]” is prohibited and permanently banned in The Kingdom of Canada.

Section 4 – Forthwith, implement and execute closures/shutdowns of all manufacturing and processing plants specific to manufacturing, exporting and or importing of Electric Vehicles and all of its components in The Kingdom of Canada.

Section 5 – Forthwith, cancel, revoke, nullify, void and disband any and all programs, ministries, bureaus committees, commissions, initiatives pertaining to electric vehicles in The Kingdom of Canada.

Section 6 – Forthwith, cancel, revoke, nullify, void, disband and prohibit, and DE-FUND any and all programs, initiatives, advertisements, etc pertaining to Electric Vehicles in The Kingdom of Canada

Section 7 – Electric Vehicles on Kingdom of Canada’s Highways and Roads. Forthwith, due to safety [lithium battery], safety, and security concerns pertaining to Electric Vehicles high propensity to explode and catch on fire....a complete, absolute, and full ban on electric vehicles [of all kinds] inclusive e-bikes/e-scooters from all Roads, Highways, public places, will take full effect on September 22, 2025 in The Kingdom of Canada.
This will provide one full year for Owners of Electric Vehicles to find other means of transport, seek compensation for defective products from manufacturers and sellers of electric vehicles, e-bikes/e-scooters, etc.

Section 8 - General contractors Nationality. Forthwith, ensure all “general contractors” [previously known as employees] at Ministry of Transport Canada are Canadian Nationals only across The Kingdom of Canada.

Section 9- Automobile Business Nationality. Forthwith, ensure all Automobile Business Owners are Canadian Nationals only.

Section 10 - Automobile Businesses ownership and control Forthwith, ensure all Automobile Businesses ownership and control are 100% Canadian Nationals only.

Section 11 - Contracting / Sub-contracting. Forthwith, contracting / sub-contracting to non Canadian Nationals is strictly prohibited and unlawful.

Section 12 - Ministries/Bureaus and or Departments affected by this Royal Decree. Forthwith, all Ministries/Bureaus and or Departments affected by this Royal Decree are hereby instructed to work cohesively and ensure companies are fully in compliance with all requirements herein.

Section 13 - Violators of this Royal Decree Violators of this Royal Decree shall be charged with economic sabotage, treason, enslavement, slavery, financial fraud, corruption, embezzlement, crimes against homo sapiens / crimes against humanity.

Section 14 - Daily financial penalty Daily financial penalty of “one billion dollars” backed by gold and silver for every violation / infraction.”

This Royal Decree is effective immediately.

And so it is.😊☝️✍️⚖️👑👽

🐸🐸🐸🐸🐸 Q 🐸🐸🐸🐸🐸 Q 🐸🐸🐸🐸🐸 Q 🐸🐸

HRH Majesty Queen Romana Didulo, @HRMQueenRomanaDidulo Commander-in-Chief, Head of Government, Head of State, President, National Indigenous Chief, and Queen of the Kingdom of Canada

WWG1WGA 🙏🌎

Edited Thursday at 03:42 AM by turbguy