TailingsPond + 1,044 GE February 21 17 hours ago, notsonice said: I wonder who Musk takes his marching orders from these days...We all know who is Trumps master...or should I say we all know who is Putin's Bitch "Ukraine started the war." "[Oh, and just FYI, I am now the King.]" The guy straight out said he had no respect for the constitution before the election. There is a story about how when a snake tells you it is a snake you shouldn't be surprised when it later kills you. "I told you I was a snake!" Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM February 21 9 hours ago, TailingsPond said: "Ukraine started the war." "[Oh, and just FYI, I am now the King.]" The guy straight out said he had no respect for the constitution before the election. There is a story about how when a snake tells you it is a snake you shouldn't be surprised when it later kills you. "I told you I was a snake!" Elon's Tesla is going down like a rock............How long do you think it will before him and Trump part ways..... someone has to take the blame for Tesla going down the tubes along with the US and Global economy Recession 2025 is happening fast Walmarts forecast was as gloomy as it gets CNN Walmart warns of a slower 2025. That’s a bad sign for America’s economy 1 day ago Market Summary > Tesla Inc 337.80 USD−16.60 (4.68%)today Closed: Feb 21, 6:16 PM EST • Disclaimer After hours 338.57 +0.77 (0.23%) Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM February 26 (edited) This is what the MAGA Tards voted for....................hope they enjoy living on the streets maybe Mr. Econ or his pal the Old -cocksucker can step in and hire a few million of their fellow soon to be unemployed MAGA tards as we all know Trump and his pal Elon will stiff everyone trying to collect unemployment benefits The Telegraph Economists are starting to worry about a serious Trump recession Donald Trump's assault on the US federal government and the world's interlinked manufacturing system have together reached an economic... . 20 hours ago U.S. News & World Report Consumers Sound Alarm on Trump Economy as Expectations Reach Recession Level The sharp drop in consumers' expectations about the economy brings one of the Conference Board's metrics below the recession level... . 20 hours ago CNN Americans are getting fed up with the economy. Does that mean we’re heading into a recession? American consumers and businesses are feeling uneasy, fearing higher inflation is lurking around the corner as President Donald Trump talks... . 2 hours ago The Economic Times Will Trump and DOGE mass layoffs, biggest job cuts in history, trigger recession in US? All you need to kn Mass layoffs in US: The Trump White House and Elon Musk's so-called Department of Government Efficiency have fired tens of thousands of... . 20 hours ago USA Today Shockwaves for DC regional economy: Trump layoffs spur surge in jobless claims President Donald Trump's layoffs of federal employees are likely to tip Washington, D.C., into a recession, an economist says. . 5 days ago CBC This isn't just a trade spat. North America changed today Canada isn't just at risk of a recession. It faces a reordering of economic ties between the two countries that were built by generations... . 4 weeks ago ABC News Consumer confidence falters, signaling worry about economy under Trump Consumer confidence plummeted in February, indicating worry about the direction of the U.S. economy under President Donald Trump. . 19 hours ago Edited February 26 by notsonice Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM March 4 This is what the MAGA Tards voted for....................hope they enjoy living on the streets maybe Mr. Econ or his pal the Old -cocksucker can step in and hire a few million of their fellow soon to be unemployed MAGA tards as we all know Trump and his pal Elon will stiff everyone trying to collect unemployment benefits. Rock and roll a full blown Recession started by the Old Tard old-shit- in-the -pants Trump........ Tariffs Tariffs Tariffs............................enjoy the aftermath CNN https://www.cnn.com › investing › us-stocks-tariffs-loom Dow tumbles 650 points as Trump confirms tariffs on . 4 hours ago — The Dow tumbled 650 points, or 1.48%, to close at 43,191. The Dow fell almost 900 points in afternoon trading before pulling back slightly. The ... Quote Share this post Link to post Share on other sites
turbguy + 1,568 March 4 (edited) Uh-oh... https://www.atlantafed.org/cqer/research/gdpnow Edited March 4 by turbguy 1 Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM March 4 1 hour ago, turbguy said: Uh-oh... https://www.atlantafed.org/cqer/research/gdpnow Yep........... This is 100 Percent brought to all Americans by one fools use of Tariffs on trade to try to extort what ever he wants (at this point he is so unclear with what he is trying to achieve) out of all other nations. The other nations, specifically Mexico and Canada addressed the issues brought forth on border security and then the fool still yanked the rug out from under them. The Fool is insane and this has caused the GDP forecast to crater. The number one contribution to the drop is Net Exports which have a negative component of -3.7 percent on Feb 28 and 3.57 percent on Mar 3. His own actions are creating a steep recession as he has single handily caused exports to dry up and at the same time companies across the US to stop hiring and to stop making decisions on capital investment plans. If the fool thinks their will be huge overnight response with new factories opening tomorrow he is wrong. All he will achieve is massive inflation, specially in the grocery stores will it be most apparent to everyone. Winter vegetables will not be grown in the US at the same price we can get from Mexico. And at the same time he is driving the low labor field help that is needed to grow row crops in the US. Now the rest of the world has stopped buying US treasuries and instead are selling them. Great plan by the fool????? Enjoy the recession , the falling stock market , increased prices, falling investments in the US and increased unemployment. My long term bet is he will try to fire Powell , the head of the fed. With the reasoning that the Fed created the recession. Because as usual Trump will never take the blame for his own actions and he needs to throw someone under the bus . If he does try to fire Powell and is successful , we will see a full blown financial crisis including runs on the weaker banks (including the flow of all foreign monies out of Dollar accounts including treasuries), the spiking of interest rates above 10 percent in both the bond markets and the treasury markets, Gold over $5000 an ounce ...,.When will he try to fire Powell ....before the 4th of July as Powell has shown no willingness to drop interest rates until mid summer. Trump will try to fire him when Trumps approval rating plummets to under 40 percent (it already is falling into clearly negative territory from the day of the election here is the most recent Gallup poll info. It will not take much for his approval rating to drop under 40 percent. If he causes a major drop in Medicaid funding his rating will instantly drop under 40 percent as the individual states will have no choice but to toss millions off of Medicaid. Enjoy the recession..............it is already here Do you approve or disapprove of the way Donald Trump is handling his job as president? Second-term trend Table with 4 columns and 4 rows. Approve Disapprove No opinion % % % 2025 2025 Feb 3-16 45 51 5 2025 Jan 21-27 47 48 4 Get the data Download image Quote Share this post Link to post Share on other sites
turbguy + 1,568 March 5 Is there any petroleum in Greenland? Not much in the Canal Zone. 1 Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM March 5 14 hours ago, turbguy said: Is there any petroleum in Greenland? Not much in the Canal Zone. lol............He is chasing crackpot dreams and he is losing all credibility ...even a cult member has to wonder WTF!!! a steep recession will send his cult members packing ....Mid terms will be a disaster for him if we are still in a recession....and all cards are pointing to a steep recession with inflation too boot.......for the next 6 months to a year.... The Fed Now forecast is fairly accurate.............enjoy The Trump tax coming to your local produce section this week Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM Monday at 06:51 PM Trump tariffs ... Trump Recession....brought to you by the idiots who voted for him Enjoy trying to make your trailer payments ....idiots CNN Dow falls 900 points in market rout after Trump says he won’t rule out a recession US stocks plunged Monday, continuing a steep selloff driven by concerns about the impact of President Donald Trump's tariffs on economic... . 19 minutes ago Fast Company Nasdaq, S&P 500, and Dow Jones plunge on Trump recession comments. But experts are more worried about inflation Markets tumbled again on Monday after President Donald Trump said he won't rule out an upcoming U.S. recession, sending skittish investors... . 44 minutes ago Fox News Markets tumble on recession, trade war fears after Trump suggests 'period of transition' Heritage Foundation senior fellow Steve Moore and former Obama economic advisor Robert Wolf debate the effectiveness of President Donald... . 28 minutes ago Asbury Park Press What is a recession and what does it mean for you amid Trump tariffs? President Donald Trump won't say whether he thinks his sweeping tariff plan could help push the country into a recession. . 18 minutes ago CNBC Trump 'an agent of chaos and confusion,' economists warn — but a U.S. recession isn't in the cards yet Economists say Trump is proving to be an "agent of chaos" with his unpredictable trade tariff policies but a downturn isn't in the cards... . 8 hours ago The Washington Post Analysis | Trump’s recession comment betrays a dicey tariff pitch Trump is pleading for lots of patience, but there's little reason to believe Americans will give it to him. . 18 minutes ago ABC News Trump 2nd term live updates: Trump declines to rule out recession as he defends tariffs President Donald Trump spoke with reporters on Air Force One, where he defended tariffs, saying they will be the "greatest thing we've ever... . 2 hours ago The New York Times Trump Declines to Rule Out Recession as Economic Policies Take Hold Recession fears: President Trump declined on Sunday to rule out the possibility that his economic policies, including aggressive tariffs... . 2 hours ago The Guardian ‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs President downplays recent stock market volatility that followed his ducking and weaving over tariff policy. . 23 hours ago Quote Share this post Link to post Share on other sites
TailingsPond + 1,044 GE Monday at 08:48 PM (edited) 1 hour ago, notsonice said: Trump tariffs ... Trump Recession.... You notice Trump and Musk's actions can cause a widespread recession. Of course, companies Musk is involved with are going to take a bigger hit but it has nothing to do with car sales. Edited Monday at 08:49 PM by TailingsPond Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM Monday at 08:51 PM 1 minute ago, TailingsPond said: You notice Trump and Musk's actions can cause a widespread recession. Of course, companies Musk is involved with are going to take a bigger hit but it has nothing to do with car sales. companies Musk is involved with are going to take a bigger hit but it has nothing to do with car sales.????? sure nothing to do with plunging car sales.............keep believing your own crap ........ Quote Share this post Link to post Share on other sites
TailingsPond + 1,044 GE Monday at 08:55 PM 1 minute ago, notsonice said: sure nothing to do with plunging car sales.............keep believing your own crap ........ There have been no recent sale number reports. Obviously, the recent stock price change has nothing to do with sale numbers. You lack fundamental understanding about the difference between market speculation / investment versus product sales. Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM Monday at 08:58 PM Just now, TailingsPond said: There have been no recent sale number reports. Obviously, the recent stock price change has nothing to do with sale numbers. You lack fundamental understanding about the difference between market speculation / investment versus product sales. There have been no recent sale number reports??? head still buried up your ass .....dumbass Yahoo Finance Tesla Tumbles Most Since 2020 on Pullback in Sales Estimates 40 minutes ago Carscoops Tesla Sales Fall Off A Cliff Globally, Including Germany, Australia, And China German sales were down by a massive 76.3% last month, with Australia posting a similar 71.9% decline. . 4 days ago Yahoo Finance Tesla China shipments tumble, the latest sign of weakening demand Tesla shipment data out of China is not good, the latest piece of bad news for the pure EV maker. . 5 hours ago Reuters Tesla's China-made EV sales fall to lowest since August 2022 Tesla's sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30688 cars, the lowest since August 2022,... . 6 days ago South China Morning Post Tesla’s February sales slump as China buyers turn to BYD, Xiaomi, Xpeng Tesla continued to lose market share on the mainland to its Chinese rivals in February, as sales plunged more than 50 per cent. . 4 days ago Business Insider Tesla sales almost halved in Europe last month and were surpassed by a Chinese rival Tesla sales in Europe plunged in January, falling 45% compared with the same month last year, while overall sales of electric vehicles... . 2 weeks ago Quote Share this post Link to post Share on other sites
TailingsPond + 1,044 GE Monday at 09:05 PM 6 minutes ago, notsonice said: There have been no recent sale number reports??? Those are news reports not audited numbers. Do you believe everything on the internet? Carry on hyperlink warrior. Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM Monday at 11:51 PM 2 hours ago, TailingsPond said: Those are news reports not audited numbers. Do you believe everything on the internet? Carry on hyperlink warrior. what do you believe in????? your own BS babble?????? ha ha ha ha ha ha ha so sad for your beloved Elon and his Tesla Bank....ha ha ha and you do not like links???? I am just the messenger....obviously you do not like the news and now those that post links to it Enjoy as you Beloved Tesla crashes to the earth.....just like a failed rocket launch PS what happened to your twin brother who was posting here a year ago...you know the Big E is he well now as his last posts indicated he was having a meltdown...hope he got better Quote Share this post Link to post Share on other sites
TailingsPond + 1,044 GE yesterday at 12:57 AM 52 minutes ago, notsonice said: so sad for your beloved Elon and his Tesla Bank....ha ha ha Just stop, I do not like Elon and have referred to him as a nazi multiple times. He is Tesla's problem, not the cars. You can let this go or I will just not respond anymore. I have been over this with you already. You seem to think I can not change my opinions based on new information like some of the Luddites here. I am adaptable to change. You can not seem to let go of old ideas and are trying to get some ego boost by spouting about how Tesla went down. Yet, you did not short the stock so do you have anything to be proud of? Go tell all your friends and family you won the internet today! Whoo Hoo! Tell them of your victory: "The user Tailingspond on oilprice.com noticed how fast Tesla stock was rising in December and now the stock is going is down! Man I sure showed him!" Quote Share this post Link to post Share on other sites
specinho + 496 yesterday at 04:39 AM 6 hours ago, notsonice said: There have been no recent sale number reports??? head still buried up your ass .....dumbass Yahoo Finance Tesla Tumbles Most Since 2020 on Pullback in Sales Estimates 40 minutes ago Carscoops Tesla Sales Fall Off A Cliff Globally, Including Germany, Australia, And China German sales were down by a massive 76.3% last month, with Australia posting a similar 71.9% decline. . 4 days ago Yahoo Finance Tesla China shipments tumble, the latest sign of weakening demand Tesla shipment data out of China is not good, the latest piece of bad news for the pure EV maker. . 5 hours ago Reuters Tesla's China-made EV sales fall to lowest since August 2022 Tesla's sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30688 cars, the lowest since August 2022,... . 6 days ago South China Morning Post Tesla’s February sales slump as China buyers turn to BYD, Xiaomi, Xpeng Tesla continued to lose market share on the mainland to its Chinese rivals in February, as sales plunged more than 50 per cent. . 4 days ago Business Insider Tesla sales almost halved in Europe last month and were surpassed by a Chinese rival Tesla sales in Europe plunged in January, falling 45% compared with the same month last year, while overall sales of electric vehicles... . 2 weeks ago If "recession" comes from "recess" i.e. short resting time, then would like to make a bold guess : not going to be that impactful than inflation. 1. EV cars being impacted the most. The rest of steel related industries e.g. container making, ship making & maintenance, ice car makers etc will still carry on with their work. What would be affected is likely not employment but pay. In order to cut costs of production, japanese companies used to have culture that overwork the workers at minimum wage. Being best selling cars, social benefit & well being of workers might be the concern. Shall energy price is dropping to reduce cost of production, transportation/ logistic, then impact of tariff would be minimized. 2. Investments are made to reproduce chips and electronic components in USA. Jobs would be created. Impact of tariff is minimized. But price of things produced could be more expensive due to higher labour fees, costs of raw material etc. Shall inflation is changing habits of the majority, stagnancy in new product sales would be a problem. 3. Other essential might not be affected much but produced as usual. Lower energy cost would help to reduce cost of production and logistic of daily essential. People might be able to enjoy good quality of things at cheaper price. Imagine if you produce 10,000 loaves of bread, costs= usd 0.5 / loaf, selling price = usd 0.8/ loaf, all sold out daily. One day earning = profit x number = Usd (0.8 - 0.5)x 10,000 = usd 0.3 x 10,000/ day = Usd 3,000/ day = Usd 3000 x 30 = 90,000/month - corporate responsibility: meet the need of 70% not so rich population while profiting. No wastage. - you can also make more expensive bread catering to high end market. There would usually be left over because they usually home made things with chefs or no time to eat at home. Say, only 10-20% of bread produced sold, 80% wasted, great chance you would experience loss. 4. The alarming cause of recession might not be tariff but over priced tech stocks, bitcoins, memecoins etc. As mentioned before, no dividend given out, no profit or cashflow generated by the companies, can not sell stock when desired etc, are signs that fraudulent has occurred. It's a walk on the water how to punish scammers and return hard earned money to those innocent. Quote Share this post Link to post Share on other sites
Jeroen Goudswaard + 61 yesterday at 03:19 PM 10 hours ago, specinho said: If "recession" comes from "recess" i.e. short resting time, then would like to make a bold guess : not going to be that impactful than inflation. 1. EV cars being impacted the most. The rest of steel related industries e.g. container making, ship making & maintenance, ice car makers etc will still carry on with their work. What would be affected is likely not employment but pay. In order to cut costs of production, japanese companies used to have culture that overwork the workers at minimum wage. Being best selling cars, social benefit & well being of workers might be the concern. Shall energy price is dropping to reduce cost of production, transportation/ logistic, then impact of tariff would be minimized. 2. Investments are made to reproduce chips and electronic components in USA. Jobs would be created. Impact of tariff is minimized. But price of things produced could be more expensive due to higher labour fees, costs of raw material etc. Shall inflation is changing habits of the majority, stagnancy in new product sales would be a problem. 3. Other essential might not be affected much but produced as usual. Lower energy cost would help to reduce cost of production and logistic of daily essential. People might be able to enjoy good quality of things at cheaper price. Imagine if you produce 10,000 loaves of bread, costs= usd 0.5 / loaf, selling price = usd 0.8/ loaf, all sold out daily. One day earning = profit x number = Usd (0.8 - 0.5)x 10,000 = usd 0.3 x 10,000/ day = Usd 3,000/ day = Usd 3000 x 30 = 90,000/month - corporate responsibility: meet the need of 70% not so rich population while profiting. No wastage. - you can also make more expensive bread catering to high end market. There would usually be left over because they usually home made things with chefs or no time to eat at home. Say, only 10-20% of bread produced sold, 80% wasted, great chance you would experience loss. 4. The alarming cause of recession might not be tariff but over priced tech stocks, bitcoins, memecoins etc. As mentioned before, no dividend given out, no profit or cashflow generated by the companies, can not sell stock when desired etc, are signs that fraudulent has occurred. It's a walk on the water how to punish scammers and return hard earned money to those innocent. 1. Only EV cars made by Tesla appear to be affected by the current trade wars.Or do you mean American export products? Yes, every import tariff will cause a reaction from the other party. Even though the USA is a big import/export market, the rest of the world is bigger. You can see that from the share prices of the EV companies: Last month: Tesla (-31%), BYD (+10%), Polestar (flat), Kia (+6%), VW (+12%). 2. Making chips in the USA is definitely possible. But to build a native production line would mean getting your hands on a lithography machine. That alone has a waiting list of over 2 years. On top of that, you would need qualified engineers. Again, where are you going to get those from? 3. That's not how recession works. Why would people buy more bread during a recession? The price of utilities, healthcare, consumer staples will not be affected. Because the consumption level stays the same, there is no incentive to reduce the price. It is mostly the luxuries that will be sold at a lower price, because there is less demand. The reason of less demand is a drop in GDP, which means lower income across the board. 4. The cause of recession is reduced demand. Demand is a function of two things: real disposable income and consumer confidence. If prices go up due to tariffs, "real disposable income" goes down. And if people are worried about job security or economic prospects, they will save more and spend less. The value of crypto and shares are only a consequence of the demand function. Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM 19 hours ago love it that Trump himself has stepped in to buy a Tesla.......... will he ever drive it???? of course not as he hates EVs and the fact he does not know how to drive a car...ha ha ha ha ha he has never owned a car nor has he ever had a drivers license For all of the Trump supporters who post here........Yep Mr Econ and the Old cocksucker..... Please step up and buy a Tesla....Old-cocksucker you will look great driving around in a Cyber truck...as we know you love trucks ha ha ha ha ha Step up you Elon lovers and buy a Tesla .......... Trump has.............Support your White Nationalist Party better known as the NAZI party........be a good party member BBC Donald Trump vows to 'buy a brand new Tesla' after stock slump US President Donald Trump has said he will "buy a brand new Tesla" after shares in the electric car firm fell more than 15%. . 5 hours ago USA Today President Trump poses with Tesla vehicles in 'show of confidence' for Elon Musk: See photos President Donald Trump said earlier he would buy a Tesla as a 'show of confidence' for Elon Musk. . 11 minutes ago The Hill Trump buys Tesla to ‘make statement’ about Musk backlash President Trump said on Tuesday he was buying a Tesla vehicle as he doubled down on his support of Elon Musk, who has come under mounting... . 6 minutes ago Business Insider President Trump wants to buy a Tesla. We have some advice for him on which to choose. Which Tesla is best for POTUS? Donald trump may want the fastest model on the market, the most expensive, or the most controversial. . 19 minutes ago Politico White House prepares high-profile purchase of Tesla auto The White House announced a plan Tuesday to promote President Donald Trump's potential purchase of a Tesla, the car produced by Elon Musk,... . 1 hour ago Barron's Donald Trump Is Buying a Tesla. What It Means for the Stock. stock was rising Tuesday as President Donald Trump said he was buying one of its vehicles in a defense of CEO Elon Musk following a brutal... . 2 hours ago Rolling Stone Trump Cries for Elon, Blames ‘Illegal’ Liberal Boycott for Tanking Tesla Donald Trump claimed that an 'illegal liberal boycott is hurting Tesla, and vowed to buy a car from Elon Musk's electric-vehicle company. . 6 hours ago The Guardian Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Musk President makes statement in support of Musk's 'baby' as company shares fall hard and owners sell vehicles. . 3 hours ago ABC News Trump is buying a Tesla. A look at the harsh things he's had to say about EVs over the years President Donald Trump says he's buying a Tesla to show loyalty to company CEO Elon Musk. . 2 hours ago Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM 19 hours ago Old shit in the pants Trump now is an official EV owner great to see him jumping on the Green agenda..........after all his years of trying to piss on it ha ha ha ha ha ha ha I think he is confused.....as he obviously has lost his marbles https://abcnews.go.com/Business/wireStory/trump-buying-tesla-harsh-things-evs-years-119680885 A look at some of Trump's comments on EVs — and Musk: Trump marked Christmas 2023 with a social media post lumping “All Electric Car Lunacy” in with a number of political enemies that he said “are looking to destroy our once great USA. MAY THEY ROT IN HELL.” A few weeks earlier, during a rally in Ankeny, Iowa, Trump said of EVs: “They don’t go far. They cost a fortune.” He also suggested that the U.S. military was looking at making “Army tanks all electric” and scoffing, “you’re in the middle of the desert and you say, ‘You know what, we’re running low on electric. Do they have a charger around anywhere?’” “Where are you going? ‘I’m going to Massachusetts.’ Well, you better get yourself a gas turbine because this car is not going to get you there," he said. “Well, you could, if you stop about four times.” That followed his joke during an event in Clive, Iowa, the previous month: "Electric cars are good if you have a towing company." Electric vehicles were an especially attractive Trump target during the six-week United Auto Workers strike in September 2023. That's when he told a rally in Clinton Township, Michigan, “You go all electric so you can drive for 15 minutes before you have to get a charge.” Trump, a Republican, also posted on his social media site that then-President Joe Biden, a Democrat, sold autoworkers "down the river with his ridiculous all Electric Car Hoax." He suggested that promoting electric vehicles “was the idea of the Radical Left Fascists, Marxists, & Communists" and that "Within 3 years, all of these cars will be made in China.” 1 Quote Share this post Link to post Share on other sites
turbguy + 1,568 19 hours ago 6 minutes ago, notsonice said: Old shit in the pants Trump now is an official EV owner great to see him jumping on the Green agenda..........after all his years of trying to piss on it ha ha ha ha ha ha ha I think he is confused.....as he obviously has lost his marbles https://abcnews.go.com/Business/wireStory/trump-buying-tesla-harsh-things-evs-years-119680885 A look at some of Trump's comments on EVs — and Musk: Trump marked Christmas 2023 with a social media post lumping “All Electric Car Lunacy” in with a number of political enemies that he said “are looking to destroy our once great USA. MAY THEY ROT IN HELL.” A few weeks earlier, during a rally in Ankeny, Iowa, Trump said of EVs: “They don’t go far. They cost a fortune.” He also suggested that the U.S. military was looking at making “Army tanks all electric” and scoffing, “you’re in the middle of the desert and you say, ‘You know what, we’re running low on electric. Do they have a charger around anywhere?’” “Where are you going? ‘I’m going to Massachusetts.’ Well, you better get yourself a gas turbine because this car is not going to get you there," he said. “Well, you could, if you stop about four times.” That followed his joke during an event in Clive, Iowa, the previous month: "Electric cars are good if you have a towing company." Electric vehicles were an especially attractive Trump target during the six-week United Auto Workers strike in September 2023. That's when he told a rally in Clinton Township, Michigan, “You go all electric so you can drive for 15 minutes before you have to get a charge.” Trump, a Republican, also posted on his social media site that then-President Joe Biden, a Democrat, sold autoworkers "down the river with his ridiculous all Electric Car Hoax." He suggested that promoting electric vehicles “was the idea of the Radical Left Fascists, Marxists, & Communists" and that "Within 3 years, all of these cars will be made in China.” Russia and Belarus should also step up and by some. They make them in China, which would surely not object. 1 Quote Share this post Link to post Share on other sites
turbguy + 1,568 19 hours ago I guess that EV's are great on M-W-F, but not on Tu-Th. The weekends can go either way. 1 Quote Share this post Link to post Share on other sites
specinho + 496 10 hours ago (edited) 14 hours ago, Jeroen Goudswaard said: 1. Only EV cars made by Tesla appear to be affected by the current trade wars.Or do you mean American export products? Yes, every import tariff will cause a reaction from the other party. Even though the USA is a big import/export market, the rest of the world is bigger. You can see that from the share prices of the EV companies: Last month: Tesla (-31%), BYD (+10%), Polestar (flat), Kia (+6%), VW (+12%). 2. Making chips in the USA is definitely possible. But to build a native production line would mean getting your hands on a lithography machine. That alone has a waiting list of over 2 years. On top of that, you would need qualified engineers. Again, where are you going to get those from? 3. That's not how recession works. Why would people buy more bread during a recession? The price of utilities, healthcare, consumer staples will not be affected. Because the consumption level stays the same, there is no incentive to reduce the price. It is mostly the luxuries that will be sold at a lower price, because there is less demand. The reason of less demand is a drop in GDP, which means lower income across the board. 4. The cause of recession is reduced demand. Demand is a function of two things: real disposable income and consumer confidence. If prices go up due to tariffs, "real disposable income" goes down. And if people are worried about job security or economic prospects, they will save more and spend less. The value of crypto and shares are only a consequence of the demand function. 1. It's just a general statement. No particular company was aimed. Besides, - Tesla is likely selling EV made in China. Tariff on raw material might not show much on the price. - Being the largest EV player, the stall in sales due to quality is probably more obvious than impact from tariff. Shall tesla factories in USA would like to start manufacturing again, it would be risky at high production costs, unless aluminium instead of steel is used. - other EV makers might face similar dilemma. Increase in costs of production while customers are likely waiting for this technology to stabilize. The change is too fast, too frequently. Besides having fast charge mode, longer distance and speed mode, market also has amphibian mode, auto side parking at narrow space with special tyres mode, air travel- road mode, solar mode etc. -currency exchange rate & retaliated tariff would generally retard export volume but encourage internal consumption. Thank you for the highlight. 2. USA was probably the pioneer in chips making e.g. Hewlett Packard, Dell, etc. Globalization brings them out to meet regional need e.g. hub Singapore- cater to market of Asia. Or, was it locations where computers and phones first created? - owing to fast changing IT world, some smaller capital manufacturers might not have made it. Purchasing machineries might be possible. Regarding experienced engineers, might need to seek out old hands that made way for the youngs before reaching the age. Their past contribution and experience to build things from scratch are going to be exceptionally rare and appreciated. 3. Not at all. The statement might not mean people buy more during recession or overlook lacking incentive to reduce price. - as energy is going to get cheaper, it reduces costs of production by much e.g. bills of electricity where machines are at work by large, costs of logistic where cheaper fuel gives cheaper food or raw material ( locally produced or import) delivered, etc. - if costs of production drop, food price drops. Lower food price at high quality would ensure high turn over in general. 4. Thank you for sharing. Indeed. - for those particular crypto and shares mentioned, they might have deviated from common demand concept. Manipulation has occured. They should be investigated and probably taken off the market to prevent potential recession due to globalize scamming activity. They even traffic human to do that. For such a scale, sons, relatives or friends of somebody who deem themselves untouchable or own police force in many countries might be involved. This scamming scheme using bitcoins, in particular, must not be overlooked. The initial aim to dodge eye of government and financial authority is mood when government is held hand to get involved. They know how people dodge it. Tax evasion and money freedom no longer viable. In addition, what do you get when you buy 1 bitcoin with real money € 100k? - an account that says number of bitcoin= 1 Current value= €100 k - no coin at hand, no purchase certificate, nothing. a) if the webmaster closes the website, all real money paid gone with him. How do you get it back? b) if the price goes up to €200k, you want to sell. Where do you think they get the money to pay you? Others who are scammed? What if you bought 5 bitcoins, the sum of withdrawal = €1 million, do you think they can pay you? Will they? c) if price drops to €30k the next week, you realize real money €70k gone just like that? Imagine the suggestion that advise countries to put reserve money in bitcoin......... What's the aim? Edited 9 hours ago by specinho Quote Share this post Link to post Share on other sites
Boat + 1,331 RG 6 hours ago Texas is one of 17 states where automakers cannot sell directly to consumers. Reporting by the New York Times describes the experience of buying a Tesla in the state, “Employees are not even allowed to discuss prices with prospective buyers and the showrooms cannot accept orders. Kinda underreported eh? Republicans and hating electric cars are a mixed bag even Trump can’t sort out? Now we have a fresh wave of Dems dropping Tesla. US politics is bazaar. lol Quote Share this post Link to post Share on other sites