Battery based vehicles of today and tomorrow pt 2

   / Battery based vehicles of today and tomorrow pt 2 #15,512  
DarkBlack said:
It would not qualify. Not final assembled in the U.S. for one thing.

“BYD hasn’t rushed to introduce EV passenger cars, a market in which it says it could face an unfair disadvantage due to the $7,500 tax credit. Stella Li, executive vice president and head of BYD’s North American operations, said (via Bloomberg), “The company doesn’t need to go into every market, just ones it feels are ready for its offerings.”
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Assembled in North America makes it qualify. Does not need to be assembled in the US.

That is why BYD is exploring Mexico.
 
   / Battery based vehicles of today and tomorrow pt 2 #15,513  
shooterdon said:
Assembled in North America makes it qualify. Does not need to be assembled in the US.

That is why BYD is exploring Mexico.
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You’re right on North America.
You still won’t be getting one for $11.5 k, and I highly doubt $15k.
Even at $20k, making taxpayers pay $7.5k ( 37.5% ) of your Chinese car, would be too visible socialism, and would be highly unpopular with domestic auto, your neighbors, and politicians seeking re-election. I can’t see it happening. At $15k, that tax credit would be half the cost. Ain’t gonna happen.
 
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   / Battery based vehicles of today and tomorrow pt 2 #15,514  
Following BYD should be educational one way or another. YouTube reminded me first thing this morning I hadn't followed the Maverick of Wall Street over the past year. I still find him entertaining.

 
   / Battery based vehicles of today and tomorrow pt 2 #15,516  
   / Battery based vehicles of today and tomorrow pt 2 #15,517  
Gale Hawkins said:
https://www.reuters.com/business/au...ossil-fuel-car-ban-industry-group-2024-02-26/

Why fight a ban that's is working to pull your bacon out of the frying pan? It's just a matter of time before ICE makers wakeup and stop helping finance the EV take over.
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non·sen·si·cal
[nänˈsensək(ə)l]
adjective
  1. having no meaning; making no sense:
    "a nonsensical argument" · "he dismissed the claim as nonsensical"
    Similar:
    meaningless
    senseless
    illogical
    unmeaning
  2. ridiculously impractical or ill-advised:
 
   / Battery based vehicles of today and tomorrow pt 2 #15,518  

Who's Holding Tesla Stock Up? Jim Cramer Smells A 'Cathie Wood Imitator' Out There: 'Almost Conspiratorial'​


As Tesla, Inc. (NASDAQ:TSLA) shares remain downbeat, CNBC Mad Money host Jim Cramer, who thinks the electric-vehicle giant could be the first to fall out of the “Magnificent Seven,” ended up including it in the list of potential next trillion-dollar companies. But he also suggested the stock might be getting a lift from a mystery buyer.

On Monday’s Mad Money episode, Cramer noted Tesla’s market capitalization is plateauing around $635 billion. He speculated that a “big portfolio manager” might be buying to stop the stock from falling further, acknowledging the unusual nature of such a move.

“It does feel like some big portfolio manager….has decided to make a stand, not letting it to go any lower. I know it sounds strange, but that’s almost conspiratorial, right but that’s how Tesla trades,” he said.

“There could be a Cathie Wood imitator out there buying Tesla, not letting it come down, not caring if they get it cheaper, tour de force arrogant buyer.”

Wood is a Tesla bull, and the EV maker is one of the top holdings of many of Ark’s actively managed exchange-traded funds. Ark resumed Tesla buying in late January as the stock plunged following the company’s double-miss in the fourth quarter.

This mystery investor, however, may not be enough to propel Tesla back to a trillion, according to Cramer. He believes the stock might benefit from future new model releases but expresses doubt about reaching the trillion-dollar mark.

Cramer may not be way off with his comments. Ever since the stock slipped in the aftermath of the company’s third-quarter results in mid-July, it has been trading in a broad range. Since late January, it has been trading mostly below the $200 level.

Last week, Nvidia became the most traded stock on Wall Street, replacing Tesla, according to Reuters. Tesla had dominated daily U.S. stock trading since 2020, with turnovers often surpassing $35 billion, according to LSEG data.

Tesla’s next big catalyst could be its upcoming deliveries report in early April.

However, Cramer expresses concerns about Tesla’s ability to outperform expectations given factors like slowing EV adoption, economic uncertainty, and China’s competitive landscape.

Analysts have muted expectations for the recently launched Cybertruck, viewing it as a long-term contributor rather than an immediate revenue driver. Tesla bulls, like Gary Black, emphasize the need for advertising and a more affordable EV to boost sales volume.
 
   / Battery based vehicles of today and tomorrow pt 2 #15,519  
WinterDeere said:
I follow everything you're laying down here, with this exception:


How do you figure this, Fuddy? If I drive a 1000 hp car, I am not laying down 10x more energy (= power x time) throughout the day, than if I drove a 100 hp car. Yes, there are brief moments of a few seconds, where you will be peaking way above 100 hp. But 99.9% of the time, all cars are cruising around at an average power usage way under 50 hp.


A high HP EV is still greener than my high HP ICE, at least while driving. There are many reasons for this, already reviewed, including mix of fuel sources from which electric power is generated, and efficiency of electrical power plants and motors versus local ICE.

I'm not making my personal vehicle decisions on how "green" one is, versus another, in fact it usually turns out quite the opposite for this HP junkie. But, I do like knowing the hundreds of millions of commuters who just want four wheels to carry them from point A to point B, have the cleanest option available to them, should their priorities be nobler than my own.
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I agree also, except " Yes, there are brief moments of a few seconds, where you will be peaking way above 100 hp. But 99.9% of the time, all cars are cruising around at an average power usage way under 50 hp."
Which again is true which leads to the question why 1000 hp for 0.1% of driving time?
Here's how I see it & what's logical:
A truck is to haul things from lumber to dirt. A 2 door 8 ft. bed is ideal.
An SUV hauls people, staples & merchandise. A hatchback is a small SUV.
A 4 door car if one typically carries more than one other passenger and carries some groceries.
An EV is supposed to be environmental. That's why the tax credit for most, not all.
Everything else is under the "just because I want one" category regardless of practically.
 
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   / Battery based vehicles of today and tomorrow pt 2 #15,520  
DarkBlack said:
You’re right on North America.
You still won’t be getting one for $11.5 k, and I highly doubt $15k.
Even at $20k, making taxpayers pay $7.5k ( 37.5% ) of your Chinese car, would be too visible socialism, and would be highly unpopular with domestic auto, your neighbors, and politicians seeking re-election. I can’t see it happening. At $15k, that tax credit would be half the cost. Ain’t gonna happen.
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I agree but it shows how cheaply things can be produced...something our legacy automakers cannot do.

BTW, Berkshire-Hathaway bought over 200 million shares of BYD in 2008. They do not hold any GM or Ford stock. Warren Buffet does not make many mistakes.

Gale has posted that even Musk is concerned about what the Chinese can do with EVs, and Musk is no fool.
 
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