Actuaries need data; in the absence of data they will be conservative b/c they are concerned about not having data
-ex-Actuary
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
-ex-Actuary
Florida law makers have tried to hamstring solar by passing a law to that would remove net metering on new installs as well as allow utilities to charge much higher fixed costs, surprisingly it was vetoed by DeSantis. So I wouldn't place any long term bets on solar unless it is operated by the utility in Florida. I am willing to bet that the bills didn't get any opposition from FPL...
Artful Dodger
"Neko no me"
Tesla is the biggest A.I. play in the world, says ARK Invest CEO Cathie Wood | CNBC Television (3 hrs ago)
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I wish she would have brought up v12 software and how it's on a whole new level in terms of data and training. That would have been a nice gem to throw out there for Tesla's future domination...
You would think they had that data from their body shops already.
I hope Tesla insurance as a force function to make cars more repairable at reasonable cost is going to stay and expand rather than retract.
My daughters Lexus costs more to insure than my S. Similar driving histories Being a Tesla doesn’t seem to be a penalty. Even a Plaid doesn’t raise the rate much-I asked my agent how much it would go up if I got one.
MountainRatMat
Member
Cathie also thinks Tesla was a $5 Trillion company yesterday.
Buckminster
Well-Known Member
This statement sometimes might be true but mostly is not.
The components of cost in auto insurance vary tremendously with driver history, geography, vehicle cost and risk profile and others. This specific generalization is true primarily for high risk drivers in high risk geographic areas.
There are two metrics that combine to determine price of any insurance product, Loss Severity and loss frequency.
As a general rule these generalizations apply:
-a very low risk driver reduces cost of every component of insurance;
-the more expensive the vehicle the higher will be every category o collision and less so, but still relvant, liability products;
- The higher performance and/or difficult to repair vehicles affect all rates.
-As for liability products, low risk drivers of modest vehicles invariably have the lowest liability premiums.
Tesla Insurance is a very special case since performance, repair costs and high initial price combine to discourage optimism. That, coupled with often lengthy collision rapid makes Tesla insurance for collision often disproportionately high. The primary advantage for Tesla in offering these products is the presence of continuous evidence of driving behavior, plus superior evaluation of collision repair costs.
To a growing extent such advantages are being replicated around the world by vehicle and driver monitoring systems, although those are prohibited in some jurisdictions.
For drivers who have not had a liability claim in, say twenty years, liability insurance tends to become much cheaper. Otherwise, skip the generalities because the truth is always YMMV. In insurance, history wins.
Liability coverage rises in high risk, litigation prone areas and drops in areas where no-fault is the norm.
Tesla generally fits with expensive and/or exotic risks, so generalizations tend to be even more fraught.
Knightshade
Well-Known Member
Was that an actual 1.6B short position though- or another notional one where they're dishonestly citing the strike value of a bunch of options opened as a short position?
Ah, nevermind, I checked- it's notional, not actual, value-
"The Big Short" Investor Michael Burry Just Made a $1.6 Billion Bet Against the Stock Market | The Motley Fool
Burry's Scion Asset Management just bought a truckload of put options in a bet against the market.
www.fool.com
Actuaries are human beings. True story: I once worked on an actuarial project with an insurance company whose chief actuary was a Porsche fanatic. No surprise, their Porsche rates were much lower than most others for people who had long history with high performance cars and claim free records. As aPorsche driver at the time myself and having had no claim history for the prior two decades, I changed to them and saved nearly 50% on my annual premium.
The rule: If you can find an actuary who likes whatever you're insuring, there you find actuarial evidence favorable to your situation. In essence, choosing the database for actuarial evidence is an inherently subjective process. Most people deny that, but good statisticians always know that is true.
Yep…and the larger companies are all seeing the writing on the wall and starting to plan for gradually increasing the number of EV chargers they host. Buccees and Wawa etc stand to do well of selling drinks/snack/real food … their margin on gas isn’t where the action was anyway. The smaller Indy operations will follow suit or shut down.
I mean, if I’m a Wawa executive and I see EV sales at 8 percent annually already? It’s obvious what the future looks like and you can actually plan the ramp pretty well.
8 percent nay be mocking territory for Fox and the Daily News, but it’s deadly serious for the convenience store / truck stop industry.
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Patience grasshopper. When v12 is released there will be plenty of publicity. You only have to wait 2 weeks.
It feels like we might get a nice rally going into Christmas this year, inflation and CPI and such do seem to be trending very nicely and we're looking at a high probability of a soft landing after all and rate decreases sometime in 2024.
If anyone's been waiting to buy TSLA on a dip at a low price, you just might be running out of time...
If anyone's been waiting to buy TSLA on a dip at a low price, you just might be running out of time...
So, Michael Burry closed his $1.6 billion short position with a 40% loss.
According to an article I read he does all of this through his company Scion Capital.
I am not a native English speaker.
But I think I now know why he hasn’t named his company Burry Capital.
It appears he should have.
Cyberquad for kids is now for sale again in the US and updated to meet CPSC requirements, costs 8 shares (plus taxes).
https://shop.tesla.com/product/cyberquad-for-kids?sku=1714748-00-B
https://shop.tesla.com/product/cyberquad-for-kids?sku=1714748-00-B
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