There's also newswire reports about this, but no details on what it's about, might be what dumped the stock 1% in pre-market
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Because they are awful at operating businesses. They’ve been looking to diversify away from oil and gas for many years now, but they just want to be passive investors, ideally into companies that provide local jobs.I don't get it. The Saudis are flush with cash. It makes sense to me to use that cash to build their own clean energy businesses in order to hold onto their energy dominance as their oil & gas business declines. Bringing in Tesla, while being good for tax revenue and some economic stimulus, is inviting a competitor to come and take business that could belong to them.
Maybe >5% inflation would (minus the tax on the interest where applicable), in which case you would see your assets dwindle away? Without stress, possibly…I think the current interest rates are an under appreciated headwind for the stock market. If you're wealthy and have ten million, you can get 500K a year in interest. Why put your money in a volatile market when you can get a stress free 500K?
Deleted for not meeting my own Quality Control for Humor’s rigid standards.
Don’t try humor at 0430.
No, I can tell you exactly what dumped the stock:There's also newswire reports about this, but no details on what it's about, might be what dumped the stock 1% in pre-market
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Bringing in Tesla, while being good for tax revenue and some economic stimulus, is inviting a competitor to come and take business that could belong to them.
I am cautiously optimistic - personally and abstractly, there's a lot of new discoveries across many industries. I've been noticing the FDA is opening up all sorts of new breakthrough devices. There's many unrelated sectors experiencing "better and more discoveries and innovations than what we're used to".
Again, I admire your approach. I just don’t have enough faith in humanity. We’re selfish, stupid, and too easily corrupted.
Case in point and to bring the discussion back on topic: TSLA/Tesla
- purposeful false narratives and spreading of lies to protect self-interests
- ignorance about the company, its product, its CEO etc., and less than zero desire to find out or know the truth
- demonstrative manipulations, some of them even legal (ie., who’s responsible for allowing the system to be manipulated in such a way that a single ticker is responsible for 50% of the entire options market and, and, and)
- multitude of self-grandiose opinions spread as facts about EVs and all the ways they are ‘bad’ by so many people who haven’t a clue and don’t care to have one.
And you’re optimistic we can survive the boulder we’ve already pushed down the mountain? I say ignorance is bliss, but I hope you’re right for the planet’s sake and the sake of all the species; just not the homosapiens.
True, but it would be a slow and painless dwindle. It might also be temporary until the market changes.Maybe >5% inflation would (minus the tax on the interest where applicable), in which case you would see your assets dwindle away? Without stress, possibly…
No, I can tell you exactly what dumped the stock:
I'll wait a bit longer before I disagree... Looks like a struggle to me, but jury's not out obviously.Meh, I don't believe shortzes even read the news. All they care about is closing-the-gap:
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Newz is for their minions. All they care about is the money.
Reuters article, China central bank, FX regulator meet foreign firms in capital driveThere's also newswire reports about this, but no details on what it's about, might be what dumped the stock 1% in pre-market
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The key part of that article is that TSMC is having trouble with low utilization of their 7nm-node product. My immediate thought is that Tesla has a good use for that unused capacity with Dojo D1 and has a ready bankroll. So don't be surprised at free cash flow being less than expected for a few quarters...
The key part of that article is that TSMC is having trouble with low utilization of their 7nm-node product. My immediate thought is that Tesla has a good use for that unused capacity with Dojo D1 and has a ready bankroll. So don't be surprised at free cash flow being low for a few quarters...