EV manufacturer's stock tanking

[T. A. Gardner]

yeah, they are. https://www.epa.gov/hw/solar-panel-recycling

Yea, yea... The EPA and many "True Believers" in solar claim that 90% of what goes into a solar panel is recyclable...

The reality is that the panels aren't worth recycling.

Tao and his colleagues estimate that a recycler taking apart a standard 60-cell silicon panel can get about $3 for the recovered aluminum, copper, and glass. Vanderhoof, meanwhile, says that the cost of recycling that panel in the US is between $12 and $25—after transportation costs, which “oftentimes equal the cost to recycle.” At the same time, in states that allow it, it typically costs less than a dollar to dump a solar panel in a solid-waste landfill.
https://www.wired.com/story/solar-panels-are-starting-to-die-leaving-behind-toxic-trash/

As a result, solar’s production boom has left its recycling infrastructure in the dust. To give you some indication, First Solar is the sole U.S. panel manufacturer we know of with an up-and-running recycling initiative, which only applies to the company’s own products at a global capacity of two million panels per year. With the current capacity, it costs an estimated $20–$30 to recycle one panel. Sending that same panel to a landfill would cost a mere $1–$2.
https://hbr.org/2021/06/the-dark-side-of-solar-power

Nobody is going to recycle solar PV panels if they're going to lose their ass on every one that they recycle. They're going to a landfill because that's far more cost effective.

If the government steps in and FORCES recycling at a huge loss, then recyclers will raise their prices such that the panels will have to absorb that cost in their manufacture and sales to reflect the cost of recycling.

Solar is a total loser as a means to generate electricity.

 

[Damocles]

And it is up today...

 

[Celticguy]

yeah, they are. https://www.epa.gov/hw/solar-panel-recycling

but the costs are prohibitive so they end up in landfills.

 

[Joe Capitalist]

It increases the number of shares available. The number of shares is not infinite if the company isn't looking for an influx of money.

It also decreases the number of shares outstanding which decreases the overall Market Cap.

 

[Joe Capitalist]

Not by two-thirds to 90% like EV stocks are...

EV companies are growth stocks and growth stocks typically have a higher Beta than the average stock, thus they carry more volatility.

But if you weren't such a fucking Dumbass MAGA redneck, you'd know that.

 

[floridafan]

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.

Tesla earned a gross profit in FY 2022 0f $19.9 billion, a 50 % increase over 2021 earnings. Do you know anything?

 

[floridafan]

Not by two-thirds to 90% like EV stocks are...

The problem with Tesla my dear is two fold and has nothing to do with electric vehicles. First Tesla has much more competition today, as compared to the days when they were the only game in town. Secondly, investors are concerned that Musk is not spending enough time with this company, since he purchased his new toy- Twitter.

 

[floridafan]

I don't give a fat fuck about electrics cars, one way or another, but an asshole like Musk loding money is always good news.

If Tesla went bankrupt today, Musk would still be a billionaire.

 

[Lionfish]

Global warming gave us new record heat waves and people were air conditioning their asses off. But then, you do not believe in it, so it did not happen.

Nordy, thanks for the bump but your response has nothing to do with the meme. But you were just itching weren't you?

 

[The Sage of Main Street]

You dont seem to have any idea what reality looks like.

Your Reality Check Bounced

Your mind is stuck in a virtual reality created by self-serving totalitarian brainwashing. I am your red pill.

You and the others trapped in this Netrix prefer to munch on the shiny blue pills as if they were jellybeans.

 

[floridafan]

Nordy, thanks for the bump but your response has nothing to do with the meme. But you were just itching weren't you?

Why do you say that a company like Tesla has no earnings?

 

[The Sage of Main Street]

The CEOs running car companies aren't tree-hugging libs, you know. They're going EV because they know we're about to run out of oil eventually and they need Americans to keep buying cars.

"What Will Junior Say?"

Again, it's the hidden cancer of hereditary power than motivates this kowtowing to the Trustfundie Treehuggers. The CEOs care more about their Affluenzist sons, who have been brainwashed by Zero-Growth Guru professors, than they do about their obligations to the stockholders and the public.

 

[The Sage of Main Street]

Your opinion is noted. When we run out of oil and are choking in our own exhaust I guess we can just ride bikes weaning gas masks.

A Peek Behind Chicken Little "Peak Oil"


There is enough potential oil energy as if everything growing on earth burned for a thousand years. We've barely scratched the surface of our planet's bounty. The empowerment of Dominion has been emasculated by Diploma Dumbos.

In the 1880s, Rockefeller was advised to get out of the oil business soon, before the petroleum was all used up. Until 1938, the consensus of academic geologists was that there was no oil in Saudi Arabia. The negativist scare-stories have gone on and on and, naturally, have continued into this decadent era influenced by Know-It-All Nobodies.

 

[The Sage of Main Street]

actually financial reporting is already talking about Rivian and the other one.

Frankencar

Hey, Rivian's only going to lose $5,450,000,000 this year. Throw more money at the thing and it's guaranteed to come back to life!!!

 

[Saint Guinefort]

A Peek Behind Chicken Little "Peak Oil"


There is enough potential oil energy as if everything growing on earth burned for a thousand years. We've barely scratched the surface of our planet's bounty. The empowerment of Dominion has been emasculated by Diploma Dumbos.

Where do you think oil comes from? I'm genuinely curious.

 

[The Sage of Main Street]

Hear hear! He blew off all his intelligence briefings and toilet-Tweeted every day until noon. The laziest, most incompetent person ever voted into office.

DNC in a Frenzy

I support giving reparations for the debilitating mental disease of Post Trump Stress Disorder. So don't give up hope; you and your descendants will be taken care of.

 

[The Sage of Main Street]

Hear hear! He blew off all his intelligence briefings and toilet-Tweeted every day until noon. The laziest, most incompetent person ever voted into office.

The market adjusts. During WWII, we didn't have enough factories producing military equipment - so companies like Ford re-tooled and startied producing army jeeps and amphibious vehicles. During the pandemic we didn't have enough domestic factories producing PPE, so again - car companies re-tooled and started producing masks and medical protective gear. Breweries started producing hand-sanitizer.

You're not a student of history are you?

Banzai for Boneheads

Your irrational comparisons are more about pearl-clutching than Pearl Harbor

 

[T. A. Gardner]

Where do you think oil comes from? I'm genuinely curious.

I know it comes from a natural process primarily created through the dying of diatoms in the oceans. These sink to the bottom where they decompose into methane that is in it's frozen (solid) form due to low temperatures and high pressure. This is then slowly covered with sediment and over millennia is compressed into oil. That's the primary process. So, there is oil constantly forming within the Earth. We may be extracting it faster than it's being formed but since we keep finding more and more of it, it's hard to tell if we're doing that or not.

 

[floridafan]

Frankencar

Hey, Rivian's only going to lose $5,450,000,000 this year. Throw more money at it and It's guaranteed to come back to life!!!

The auto companies leading the electric charge for now are mostly in Asia. There are building better and cheaper EV's.

 

[T. A. Gardner]

The auto companies leading the electric charge for now are mostly in Asia. There are building better and cheaper EV's.

The Japanese are far more interested in fuel cell vehicles and other alternatives to batteries... They're the innovative ones that will dominate the market in say 20 or so years. They've done it before, they're poised to do it again. Battery cars are a technological dead end.