erthquake
Active Member
So is he who must be ignored still saying the trend is going to $0? That would of course have to go through ∞ first so it may be awhile.
Maybe his number line is a Möbius strip
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Maybe his number line is a Möbius strip
I think this
VW announces massive $84 billion investment in electric cars and batteries
with some assistance from BMW and Daimler announcements last week, is relevant to market action today.
consider,
"most of the investment 50 billion euros (~$60 billion) will be in battery production in order to support their electric car ambitions for the next decade"
and
"they now promise to spend up to 70 billion euros (~$84 billion USD) in order to bring 300 electric vehicle models to market by 2030"
these announcements make the fallacy of two core bear arguments even more obvious... fallacy 1) consumers aren't choosing EVs (conflating the lack of supply of long range EVs, with the compliance car production of short-range EVs, and tepid interest in them), fallacy 2) Tesla Killers coming in 2018/19 (lols, ICE killers coming 2020-2035).
fwiw, here's a brief post I put on the other thread as to why I think the past week is likely a watershed event... I didn't put the story out of China in the list, but it does belong,
2017 Investor Roundtable:General Discussion
VW announces massive $84 billion investment in electric cars and batteries
with some assistance from BMW and Daimler announcements last week, is relevant to market action today.
consider,
"most of the investment 50 billion euros (~$60 billion) will be in battery production in order to support their electric car ambitions for the next decade"
and
"they now promise to spend up to 70 billion euros (~$84 billion USD) in order to bring 300 electric vehicle models to market by 2030"
these announcements make the fallacy of two core bear arguments even more obvious... fallacy 1) consumers aren't choosing EVs (conflating the lack of supply of long range EVs, with the compliance car production of short-range EVs, and tepid interest in them), fallacy 2) Tesla Killers coming in 2018/19 (lols, ICE killers coming 2020-2035).
fwiw, here's a brief post I put on the other thread as to why I think the past week is likely a watershed event... I didn't put the story out of China in the list, but it does belong,
2017 Investor Roundtable:General Discussion
ValueAnalyst
Closed
Note that today's volume wasn't actually all that much. Just slightly above average.
TSLA will likely need higher volume to break ATH.
TSLA will likely need higher volume to break ATH.
DragonWatch
Small FootPrint
Holy bat poo, bat boy. And you wonder why they call me rocket man today Makes me proud to be an owner and investor in Tesla. I still wish I could have gotten a deep candy green paint job like the blue, especially for days like today; opening it up on the freeway Go GREEN streak!
Do you think I could have out run hurricane Harvy and Iram? I think so No matter what those storms wanted to deny me, I would have kicked their butt
Go green Okay, I am happy today, helps temper the depression
Boy, thought for awhile I would have to have my long horns trimmed:-( Okay, okay, I'll sit back down:-(
Makes me proud to be an owner and investor in Tesla. I still wish I could have gotten a deep candy green paint job like the blue, especially for days like today; opening it up on the freeway Go GREEN streak!Do you think I could have out run hurricane Harvy and Iram? I think so
No matter what those storms wanted to deny me, I would have kicked their buttGo green
Okay, I am happy today, helps temper the depressionBoy, thought for awhile I would have to have my long horns trimmed:-( Okay, okay, I'll sit back down:-(
Going to make a prediction. If the pattern holds up, tomorrow will be +1.5% +/- .5
This needs a little more context.
I would guess that today is around twice the average volume seen over the last month.
ValueAnalyst
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jhm
Well-Known Member
Sitting in Atlanta as Irma rolls by, here's my take on the Tesla action today.
Fair enough, but don't forget you have volume associated with earnings week included in the past 30 trading days.
I'm not celebrating anything until Tesla reaches the 500B market cap milestone.
As eisa01 pointed out in the other main thread, there's a BBC article that the Electrek article referenced, and the portion indicating "most of the investment 50 billion euros ($60 billion) will be in battery production in order to support their electric car ambitions for the next decade" which I quoted from Electrek dropped some nuance from what's in the source article.
Here's what was in the BBC article,
"The German firm, whose brands include Seat and Skoda, also said it would place orders worth more than 50bn euros for batteries to power the cars."
This still sounds quite encouraging, but one could mistake the Electrek article's phrasing for indicating that VW was going to invest $60 billion in their own building/equipping battery factories.
link to BBC article Electrek drew from,
VW plans electric option for all models
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Interesting looping trajectory... but they have its forecast down to category 1 by the end of this week.
https://weather.com/storms/hurricane-central/jose-2017/AL122017
DragonWatch
Small FootPrint
This is a commendable letter/article on behalf of Joshua Brown in May of 2016 by his family.
Family of Tesla driver killed in 'Autopilot' crash does not blame car
Family of Tesla driver killed in 'Autopilot' crash does not blame car
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