EV manufacturer's stock tanking

T. A. Gardner

T. A. Gardner

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Tesla Stock-Price Rout Overshadows Rivian, Lucid Collapses
https://www.msn.com/en-us/money/com...pc=U531&cvid=58ae5583ce994ef295ecaf314a21a1af

Tesla stock is down 69% from it peak. Rivals Rivian down 90%, while Lucid is down 86%. Seems all three are headed into bankruptcy territory if they don't stop the plunge ASAP. Why the collapse? One of the top reasons is these companies haven't returned an earning on their stock in years and investors are becoming wary and worried they never will.
 
well rivian and lucid were never going to be serious players to begin with so the recession was going to serve as their Waterloo.

i think Musk will keep Tesla going. not as well as he wants but everybody is going to be hurting. they can weather it better.
 
I think a part of this is that reality is creeping in....this idea that gas vehicles can be outlawed in 2030, or even 2035 was always fantasy. This would take 30-40 years and many tens of trillions of dollars of investment in generation and the grid, almost none of which is happening.
 
The represents how the Modern Morons have no understanding about building, how to do it, how much money work and time is required to build. All they have ever done is burn down what our ancestors gifted us.
 
Hawkeye10 said:
I think a part of this is that reality is creeping in....this idea that gas vehicles can be outlawed in 2030, or even 2035 was always fantasy. This would take 30-40 years and many tens of trillions of dollars of investment in generation and the grid, almost none of which is happening.
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moreover, the number of new mines required to produce the minerals required and licensing delays push it past 50 years.
 
Britishvolt: UK battery start-up collapses into administration

_127436738_britishvolt.png.webp


UK battery start-up Britishvolt has collapsed into administration, with the majority of its 232 staff made redundant with immediate effect.

Employees were told the news at an all-staff meeting on Tuesday morning.

The firm had planned to build a giant factory to make electric car batteries in Blyth, Northumberland.

Ministers had hailed it as a "levelling up" opportunity that would boost the region's economy and support the future of UK car making.

But Britishvolt struggled to turn a profit and ran out of money. Its board is believed to have decided on Monday that there were no viable bids to keep the company afloat.

https://www.bbc.co.uk/news/business-64303149
 
Celticguy said:
moreover, the number of new mines required to produce the minerals required and licensing delays push it past 50 years.
Click to expand...

And then to there is the matter that EV's are not in fact green, and that America now has "Save the Planet" mandates that we are legally required to follow which makes producing EV's problematic because if we are to mine and process ourselves rather than do it in places where the emissions can be ignored we will have to pay global warming reparations.

We are fucked coming and going, which I submit is exactly where China wants us.
 
T. A. Gardner said:
Tesla Stock-Price Rout Overshadows Rivian, Lucid Collapses
https://www.msn.com/en-us/money/com...pc=U531&cvid=58ae5583ce994ef295ecaf314a21a1af

Tesla stock is down 69% from it peak. Rivals Rivian down 90%, while Lucid is down 86%. Seems all three are headed into bankruptcy territory if they don't stop the plunge ASAP. Why the collapse? One of the top reasons is these companies haven't returned an earning on their stock in years and investors are becoming wary and worried they never will.
Click to expand...
Tesla stock is down due to Musk taking billions out of the company to pay for his Nazi social media dreams. It was artificially inflated due to his share purchases in the past.

It will be followed by the subsequent nation/world wide move away from Tesla, and toward other EVs, due solely to the moron's public political commentary.

Can't speak to the other companies, as supply chain issues are indeed a big thing. But share price is also directly tied to the games that CEOs and big shareholders play by purchasing to drive price up, and dumping to take profits.
Don't forget that the Fed stopped pouring billions into the market late last year, so the market is simply correcting

EV sales are skyrocketing across the world.
 
T. A. Gardner said:
Tesla Stock-Price Rout Overshadows Rivian, Lucid Collapses
https://www.msn.com/en-us/money/com...pc=U531&cvid=58ae5583ce994ef295ecaf314a21a1af

Tesla stock is down 69% from it peak. Rivals Rivian down 90%, while Lucid is down 86%. Seems all three are headed into bankruptcy territory if they don't stop the plunge ASAP. Why the collapse? One of the top reasons is these companies haven't returned an earning on their stock in years and investors are becoming wary and worried they never will.
Click to expand...

You understand all stocks are down, right? Not just EV vehicle companies.
 
Althea said:
Tesla stock is down due to Musk taking billions out of the company to pay for his Nazi social media dreams. It was artificially inflated due to his share purchases in the past.

It will be followed by the subsequent nation/world wide move away from Tesla, and toward other EVs, due solely to the moron's public political commentary.

Can't speak to the other companies, as supply chain issues are indeed a big thing. But share price is also directly tied to the games that CEOs and big shareholders play by purchasing to drive price up, and dumping to take profits.
Don't forget that the Fed stopped pouring billions into the market late last year, so the market is simply correcting

EV sales are skyrocketing across the world.
Click to expand...
There are also many better models like Fiat’s EV.
 
Phantasmal said:
There are also many better models like Fiat’s EV.
Click to expand...
I took a ride in a Tesla SUV not long ago when I went to a concert with a friend. It's impressive, but I'm thinking that there are much lower priced quality vehicles out there. I'm not sold on EV yet. For the foreseeable future, hybrids are the way to go.
 
LurchAddams said:
You understand all stocks are down, right? Not just EV vehicle companies.
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Very true, but Musk took billions from Tesla when he was forced to purchase Twitter. I hope he learned a lesson about making public comments aimed at garnering attention, and then trying to back out of a deal that he never wanted to make.
 
Althea said:
Very true, but Musk took billions from Tesla when he was forced to purchase Twitter. I hope he learned a lesson about making public comments aimed at garnering attention, and then trying to back out of a deal that he never wanted to make.
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That wouldn't affect Tesla's stock price. He sold shares to raise the funds, true, but stock is stock no matter who owns it.
 
Althea said:
Very true, but Musk took billions from Tesla when he was forced to purchase Twitter. I hope he learned a lesson about making public comments aimed at garnering attention, and then trying to back out of a deal that he never wanted to make.
Click to expand...

I've heard some talk that Musk really wants Twitter's infrastructure to boost his planned neuralink project. That may be pure malarkey, but an interesting thought.
 
Hawkeye10 said:
I think a part of this is that reality is creeping in....this idea that gas vehicles can be outlawed in 2030, or even 2035 was always fantasy. This would take 30-40 years and many tens of trillions of dollars of investment in generation and the grid, almost none of which is happening.
Click to expand...

What you think? Irrelevant. The fact is the purchase of Twitter for way too much money and completely and clumsily mishandling of the company, punctured Musk's bubble. Many investors buy on the basis of a genius running the company. He would always come up with a way to make it work. Now he looks small, a lot less rich and powerful.
There is no outlawing of ICE. It simply makes selling one after a certain date illegal. We will still have ICEs for generations to come.
EV infrastructure is being built across the nation. That is called happening. There are a dozen battery plants being constructed or planned. That is happening.
 
Hawkeye10 said:
And then to there is the matter that EV's are not in fact green, and that America now has "Save the Planet" mandates that we are legally required to follow which makes producing EV's problematic because if we are to mine and process ourselves rather than do it in places where the emissions can be ignored we will have to pay global warming reparations.

We are fucked coming and going.
Click to expand...

The Green New Deal Is a Dead Man's Hand

That may actually save us from pandemic after pandemic, because what the enemies of human progress call "Clean Air" is the most toxic of all atmospheres that humans have had to put up with.
 
The Sage of Main Street said:
The Green New Deal Is a Dead Man's Hand

That may actually save us from pandemic after pandemic, because what the enemies of human progress call "Clean Air" is the most toxic of all atmospheres that humans have had to put up with.
Click to expand...

Global Warming is almost certainly on the spectrum of unjustified panic and fraud, and the WOKE are anti-human.

However, I do not understand your post. Feel free to restate.
 
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