The longer your compound capital, the less you need luck and the more you need Shrewdness.
- Manlobbi
Halls of Shrewd'm / US Policy❤
No. of Recommendations: 4
https://finance.yahoo.com/news/why-teslas-stock-ha...Elon Musk may be President Trump's first buddy, but Tesla (TSLA) investors have swung back to focusing more on the company's fundamentals than the billionaire's close proximity to the Resolute desk.
Their decision?
To send Tesla's stock tumbling less than two months into 2025.
Shares of the electric vehicle maker led by Musk are down 28% to $349.18 since hitting a record high on Dec. 18, 2024, weeks after the Election Day win for Trump.Trading at $332.90 near the time of this post.
No. of Recommendations: 1
Hopefully to zero.
And the EV infrastructure can go to hell with it.
Surf's UP!
No. of Recommendations: 0
Short-sighted. EV is the future. Back on TMF there was a "peak oil" board. Lots of discussion about the future of petroleum. Basically, we'll never really run out because it will become too expensive to use extensively. But, for all practical purposes, as that happens we will be "running out" because no one will pay that much for it. I won't predict a date, but it is going to go away in the not too distant future.
Hydrogen is largely derived from breaking fossil fuels (a.k.a. "hydro"-carbons). So, it's not really that clean, plus it will be affected by oil supplies.
The list is fairly short for viable options, and the best one is EV. It's almost a certainty that the battery storage issues will be resolved. Some companies already have working prototypes that address many issues.
So we'll need the EV infrastructure, just was we have needed the petro infrastructure over the past century. Musk was right about that when he started building-out Tesla's infrastructure.
No. of Recommendations: 3
Everything you said is true, but Donnie is having another one of his Trumpertantrums.
https://www.pbs.org/newshour/politics/trump-wants-... Experts are questioning President Donald Trump’s latest effort to slow the electric vehicle charging buildout in the U.S.
In a letter Thursday night, the Trump administration directed states to stop spending money for EV charging infrastructure, funds they were allocated under former President Joe Biden. Trump has slammed federal funding for electric vehicle chargers as “an incredible waste of taxpayer dollars.”
The administration may need an act of Congress for this, and it’s unclear there will be one. Industry leaders say customer demand will continue to drive growth in the charging network, regardless of federal funding.
No. of Recommendations: 1
If the funds were released for EV infrastructure, wouldn't it be illegal to spend them on anything else?? That would hit on one of the right's bugaboos about "fraudulent spending". You can't spend money (I don't think) on expanding -for example- health care, if it was specified to be spent on some other infrastructure (EV, or other).
I'm not sure Congress could do anything retroactively, either. They could pass laws about future monies, certainly. But already-disbursed monies? That would be a mess.
No. of Recommendations: 2
That would be a mess.
Feature not a bug.
