Causalien
Prime 8 ball Oracle
Been having too much fun with the Dutch. So haven't had time to spend all my cash. Thanks for keeping the price relatively flat (though I'd prefer being able to buy at 244 when I first acted).
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Has anyone else read the new Elon Musk biography? Despite a few minor errors, it is an utterly compelling warts-and-all account. You cannot read it without concluding that Elon is one of the most remarkable people on the planet today, and that the success of his companies is almost a matter of destiny. I would guess the book will bring a lot of new investors to Tesla. Indeed it may be one of the reasons behind recent strength. It will also further assist Tesla in future partnerships and in its reputation as game-changer.
You pretty much nailed it. California like Texas is a big state and Northern California is quite a bit different from Southern California where all the fake people live. I'm in a rural area of Norcal (I can ride my bike to Yosemite Valley) and i'm pretty much surrounded by Hillbilly's, bibles and guns. I picked up a BMW i3 a few weeks ago to tide us over until the Model 3 comes out and I think there are only 3 electric cars in the entire county (1 Leaf, 1 Model S and My i3). I may have a hard time denying myself the Model X and I may have to jump in line on that one later this year.
Any Grexit better not mess with my $TSLA. We have had years to prepare for a Grexit. As Mr. Wonderful, Kevin O'Leary says " there isn’t a policy fix for Greece’s problems, and the Eurozone shouldn’t make room for a member that’s unable to collect taxes effectively. Greeks have to undergo a cultural shift to embrace the merits of being taxed, and their government has to punish those who refuse to comply."
To be honest I never really understood the logic behind Grexit bringing Armageddon. I would expect quite the opposite: With a unfit, defaulting member kicked out of the Eurozone, this would set precedent and make it clear to everyone, that there are consequences to uncontrolled debt and just expecting the others to pay your dues. How come this doesn't make the Euro stronger? Members would comply better, plus this financial black hole would be separated. It's not like they are paying now, so most of this debt should be written off anyway.
(twitter: link (via Phil LeBeau))I think it's an impressive vehicle and company.
(link)United States Patent and Trademark Office (USPTO) has decided to suspend GM’s trademark application for the name ‘Bolt’.
(twitter link)Further proof super luxury SUV's are hot. YTD, sales of SUV's for at least $75,000 are up 44%. Cars over $75K up 13%
Segment of pricey SUV still growing above average, Phil LeBeau:
(twitter link)
Tesla is about to hit the sweet spot here with the upcoming Model X.
It looks like they designed the exactly right vehicle at exactly the right time!
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Energy Storage Systems in U.S. Expected to Surge in Second Half
2015-05-28 15:08:55.991 GMT
By Justin Doom and Rachel Layne
(Bloomberg) -- Energy-storage systems will surge in 2H as
utilities show increasing interest and battery prices slide, a
study by GTM Research and Energy Storage Association says.
* Installations seen at 220MW for yr, with most of
installations in 2h, versus 62MW installed last yr
What is happening to Greece might happen to others. The Union might unravel like a house of cards. I hope it will not come to that as most people in the Union wish to be a part of it.
The problem is with Euro Zone, 19 countries that have a common currency without common supporting political, cultural and fiscal systems. Countries in Eurozone have no tools to control their economic fate.
1. ECB sets interest rates for the whole area. These rates are not suitable for all member countries, as the rates of growth differ in different countries. Germany, as the most powerful member, sets the rates and policy that work for them (austerity) but such policy is killing the growth in Greece, Italy, Portugal, regions with the slower growth.
2. There are barriers to the movement of capital and labour in Eurozone. Capital and people in Eurozone can not easily move to different Eurozone regions due to different language and culture, thus prohibiting capital and labour spilling and leveling across the currency area, as happens in other single currency areas.
3. Countries that have common monetary policy must have similar levels of national debt, otherwise they can not attract buyers of the debt notes. This is a problem for countries with high debt.
4. Countries inside Eurozone lack incentives to keep their house in order as they get the protection of common currency. Greece was reckless in the past as it felt secure with Euro loans, failed to get its act together, and this deviation feeds into itself and compounds the problem until it becomes unsustainable, as evidenced now with Greece.
5. Countries can not devalue Euro when their labour costs go up, as it is not their call when Euro should be devalued across the zone. That causes such countries to become uncompetitive and leads to high account deficits, fall in exports and low growth.
There are other problems as well, but in summary: Common currency imposed on countries that are so different resulted in countries being denied essential tools to steer their economies. I fail to see how Euro works for these countries.
If Greece gets kicked out by other members (unlikely) or forced out by the economic necessities (likely) that will be a mess as that will be a chaotic exit, as chaotic as it gets. That means no one will be in charge, no order, no answers or assurances, etc. I find that scary.
The LA Times has a hit piece out this morning about . . . you guessed it . . . subsidies.
http://www.latimes.com/local/la-fi-hy-musk-subsidies-box-20150530-story.html
@Johan, I guess the LA Times gets the Heartland Institute's memos. Or, maybe this is the memo verbatim?