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tsunamiofhurt
Member
I was coding so fast, you would've needed a strobe light to see it.
EVNow
Well-Known Member
Hmmm - No.
In US, the president is directly elected. In tomorrow's election, the president is not going to change (alas).
Only some members of the upper chamber (Senate) and all the members of the lower chamber (House) are up for election. Currently Republicans control the presidency and both chambers of Congress. That allows them to pass most of the legislation they want (with a lot of caveats). The polling suggests Democrats have some 85% chance of getting the majority in the House. Senate, though, similarly has a 85% chance of remaining Republican. This creates a "divided government" i.e. President is from one party (Republican) and the House is with the Democrats. Markets like that.
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EVNow
Well-Known Member
If you think Republicans won't again try to cut taxes, you are being naïve. Already Trump is talking about "middle class tax cuts" - that has always been code for crumbs for the middle class rest for the upper class.
They don't care about deficits or even inflation. Yes, they don't want central bank increase interest rates (which makes sense) - but that's only part of the equation.
Seeking Alpha to its readers:
“Lets play a game called everybody short $TSLA. You go first. We’ll be right behind you, we promise.”
For real! You can tell their heart isn't in it any more. They just wanna cover
OT, but the Elon crypto scammers are expanding: Twitter accounts hacked in Elon Musk scam
Twitter seriously needs to do something about this...
Twitter seriously needs to do something about this...
Mannnn if one falls for the tweets posted in that link... One basically deserves to lose their btc. And their twitter loicense
Fact Checking
Well-Known Member
Nice find!
Checks written by customers on Friday and Saturday probably didn't clear in time to be booked as cash flow (most checks in the U.S. are T+1 settled I think) - so those increased Accounts Receivable.
10%+ of AR is $115m+, and this is probably just the largest bank Tesla is working with for California deliveries (Chase or BofA?). There are possibly other banks as well, so the cash held up by a Saturday end of quarter was possibly even higher.
I.e. even this detail from the 10-Q is a positive development for Tesla: no meaningful credit risk from these large banks and it should be a nice chunk of cash inflow that helps Q4, which quarter is going to end on a Monday.
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Republicans retain House and Senate, markets will rise. Less regulation and possibly more tax cuts...
I agree but MAYbe dems would help Tessie re energy/environmental legislation
Fact Checking
Well-Known Member
Options traders are only a small subset of investors: most investment flows are in equity (stocks) and bonds - and those investors absolutely detest uncertainty.
Words of HABIT
Active Member
Bitcoic? suppoot? Come on Twits. These aren't even typos. C & T and O & R are on opposite sides of the keyboard. Everyone knows Elon can spell. Why would this create 492 loves?Mannnn if one falls for the tweets posted in that link... One basically deserves to lose their btc. And their twitter loicense
There might be a good reason: Why Do Nigerian Scammers Say They are From Nigeria? - Microsoft ResearchBitcoic? suppoot? Come on Twits. These aren't even typos. C & T and O & R are on opposite sides of the keyboard. Everyone knows Elon can spell. Why would this create 492 loves?
Words of HABIT
Active Member
Last weekend there was well over a hundred posts relating to the Tesla pick-up truck. Interestingly not one post Monday on the topic. Is it possible the decision to go with a "Blade Runnerish" punk design targeting the highest-end F series was partly responsible for the drop on Monday? I think it's the right move to start, however a lot of negative feedback that Tesla is not targeting the F-150 volume leader first. Curious. Ford ended up 1.6% Monday. O'K, it's not weekend overtime. Enough about pick-up trucks. Carry onwards and upwards.
With the 30 September quarter earnings of $ 2.90 per share , revision must start to flow
It's not just about "buying any land". $10k/acre near-Buffalo farmland (enough to buy water rights for a whole town in Nevada to match the land Tesla has bought in Sparks, but I digress) isn't equipped for building a factory, as if it's some sort of zoned, utility-connected industrial park.
The cheapest solar farm in Nevada (solar farms = generally well cheaper than rooftop solar) is $2,3/W. Tesla Solar has never hit these prices. GW1 (pre-expansion-plans) was to consume 70MW. So at the cheapest Nevada solar farm prices and pre-expansion energy consumption figures, that's $161M. Now we pull up PVWatts. A flat-roof solar array in Sparks receives 2,55 kWh/m² in December, while in Buffalo it receives 1,10 kWh/m², or 43% as much. And that's assuming that your array isn't covered in lake-effect snow. So at our minimal prices, with minimal power demands, and always-clean solar panels, the power cost premium for Buffalo vs. Sparks is $212M. A fifth of a billion dollars.
Of course, even this pales in comparison to other issues like the supply chain advantages of being unified into fewer facilities, being closer to Fremont, of tax incentives ($1,3B in Nevada; I guarantee you, after the GF2 hiring debacle, New York is in no rush to be giving any more good deals to Tesla), etc.
1) Check what you "know". I grew up in the US.
2) Living in the US does not somehow make you an expert on water rights. What's next, Sarah Palin is a Russia expert because Alaska is near Russia?
Rather than writing this post, you could simply have looked up how water rights on the Truckee River work:
Water Rights | Truckee Meadows Water Authority
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How is water acquired for new projects?
Any time someone wants to build a house, subdivision or business, they must dedicate water rights to TMWA to meet all the water needs of the project. Most of the water rights used this way have been purchased on the open market. When people who own water rights decide not to use them any longer, they can sell them to TMWA, developers and other parties. Most of these unused water rights are agricultural irrigation rights. TMWA converts agricultural water rights to municipal water rights to serve new projects.
There is no such thing as new Truckee River water rights to service development because additional water cannot be diverted from the river or pumped from underground aquifers. So, when unused water rights are presented to TMWA to service new homes or businesses, it is the same amount of water that is already allowed to be diverted. It is simply transferred from agricultural use to municipal use. Groundwater rights (wells) are treated in the same way.
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I'll repeat: Tesla needs to do nothing more than buy up some of the existing farms on the Truckee River (or at least their water rights). Or any of the dozen other means for getting water that I laid out, most of which you completely ignored.
But hey, let's ignore all that! Let's go back to your very first notion, the incredulity of shipping in water from other places. Obviously, "over the rockies" is not the nearest place with surplus water; that would be northeastern California and parts of southern Oregon. Given that aqueducts provide water all the way from inland California so cheaply to the coast that it's used for farming (remember, farms buy water by the acre foot), and do so far cheaper than desalination (which as you'll recall costs $2,50 to $5,00 per thousand gallons - from seawater, not from only-somewhat-brackish water like Pyramid Lake), obviously this is not by any means a prohibitive cost.
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