ICE or EV?

[AW]

Survive? They’re thriving, look at their ICE sales, revenues and earnings are billions of dollars. I expect a companies management to create shareholder value not destroy equity. Concentrate on what makes people money not the foolish pursuit of unicorns and rainbows.

Thriving just like horse and carriage right? Why would someone build a car, all that money poured in, ludicrous...

Look at all the automakers do they have plans to make EV, imagine if they didn't have any, so yes, survive.
Destroy equity may be seen now, only because they are still in the infancy stage (as mentioned huge R&D and cap investment) and haven't reached the lifecycle where they make a profit. You know, I'm quite surprised that I have to even mention this considering you're in the equity business and I thought have decent business acumen.

Oh, looky here, just came in:

Lamborghini Confirms Electric 2+2 Grand Tourer​

Lamborghini Confirms Electric 2+2 Grand Tourer For 2028 Debut

Lamborghini has announced its first fully electric model will be launched in 2028 as a 2+2 GT. Meanwhile, the existing lineup will be hybridized in 2024.

www.motor1.com

Need to add, source is Lamborghini for more solid reference:

Lamborghini announces its roadmap for electrification: “Direzione Cor Tauri”

Making its debut is the new “Direzione Cor Tauri”, the environmental sustainability route that will lead Lamborghini to the decarbonization of its future models.

www.lamborghini.com

 

[morekaos]

that’s funny, first model five years away? That’s a big commitment to the future. I’ll believe it when I see it. Oh, and Goldman Sachs is a bunch of d-bags.

 

[irvinehomeowner]

@morekaos:

Let's see... in a year's time.. do you think EV adoption will be higher or lower?

Based on your posts, they aren't going to make it but in your real mind (not your troll one), you know EVs are the future.

#putyourmoneywhereyourtrollis

 

[AW]

that’s funny, first model five years away? That’s a big commitment to the future. I’ll believe it when I see it. Oh, and Goldman Sachs is a bunch of d-bags.

Name calling? Now that’s funny, I’ll take a wild guess that their AUM is in the trillions and significantly higher… but hey, you do you

 

[sgip]

Anyone know of an "electrification infrastructure company" one might invest in? Building out new charging stations and smaller power companies I think would be a smart play. Yes, EV's are inevitably going to conquer the ICE market, but without power and charging options adoption will still be stunted.

 

[morekaos]

Always with the binary’s. Never said they wouldn’t be selling some. said that they have committed too much to it to the detriment of their real market. … they’re halfway down the slide and they have no choice but to forge ahead. It’s a fools errand. I point out that they’re going to be sorely disappointed. In the end. As will their shareholders. , it will be considered a failure but some people still be driving some EVs around.

 

[zovall]

Anyone know of an "electrification infrastructure company" one might invest in?

Tesla?

 

[AW]

Always with the binary’s. Never said they wouldn’t be selling some. said that they have committed too much to it to the detriment of their real market. … they’re halfway down the slide and they have no choice but to forge ahead. It’s a fools errand. I point out that they’re going to be sorely disappointed. In the end. As will their shareholders. , it will be considered a failure but some people still be driving some EVs around.

That is funny coming from you, even within the same post, talk about binary, failure? That is binary in nature, is there such a thing as successful failure, a so-so failure? Hence we are disputing alot of your posts, maybe communication could be the culprit, you mean something but say something else....

 

[sgip]

Tesla doesn't sub-contract their builds? Yes, they own Solar City, but who builds out the Super Charger stations now that the Tesla version is the reigning standard?

 

[irvinehomeowner]

Tesla doesn't sub-contract their builds? Yes, they own Solar City, but who builds out the Super Charger stations now that the Tesla version is the reigning standard?

A bunch of automakers just announced a coalition to build out their own fast charging network, you may want to look into who they are using to do this... unless they are subbing with ChargePoint or EVGo.

CP is the largest in the network in the US but they lack DC fast chargers... Tesla is #1 in that regard followed by Electrify America. EA is owned by VW and unless they join that coalition... that battle will be interesting (because a few of those automakers have partnerships with EA for free charging).

From what I read, Chargepoint is a good stock bet but EV is a fast moving landscape. Or.. just buy TSLA .

 

[sgip]

ChargePoint has been on a downward slide since December 2020. Not a good sign. EVGO seems pretty anemic as well. Thanks for heading me towards a couple of installers, but it seems like they can't monetize things well enough to entertain a buy at this time.

 

[morekaos]

No surprise…that sector is an even worse disaster area…..Doomed!!!

Here ya go SGIP…still a slow moving car crash….

 

[morekaos]

Ooops! Maybe we need to rethink this whole Unicorn thing….

As Ford loses billions on EVs, the company embraces hybrids

· Ford executives said the automaker is working on a slate of new hybrid models.

· The comments run slightly counter to recent messaging from the Detroit automakers.

· “What the customer really likes is when we take a hybrid system that’s more efficient for certain duty cycles and then we add new capabilities because of the batteries,” CEO Jim Farley said after the company’s second-quarter earnings report.

https://www.cnbc.com/2023/07/28/ford-embraces-hybrids-as-it-loses-billions-on-evs.html

Jefferies downgrades Ford, cites concern around weak Model E guidance

https://www.cnbc.com/2023/07/31/jef...tes-concern-around-weak-model-e-guidance.html

 

[irvinehomeowner]

Hybrids are good too... anything to reduce reliance on fossil fuels and to provide a better driving experience to consumers.

But... Ford seems like it's panicking... their EV sales are slowng and they are listening to morekaos fearmongering.

I wonder how this will affect their electrified Ford Bronco they are planning.

 

[morekaos]

Unfortunately, they are not listening to me but the cold hard silence of demand destruction. I have been saying this for months but all these companies are now realizing the folly of their actions…Hope does not a business plan make….

A key test for EV sales and the adoption curve is coming

There is a core EV issue in the numbers: GM sold about 36,000 electric vehicles in the first half of 2023, according to Cox Automotive. With production set to zoom higher, the new models had better sell.

Among analysts who believe the stock is due for a bigger drop, expected EV sales disappointment is among the factors. Deutsche Bank analyst Colin Langan, whose $32 price target represents between a 15%-20% drop from this week’s GM share price, said in a note to investors that among the biggest risks to his sell rating is “the successful launch of key EV products such as the Cadillac Lyriq, GMC Hummer EV, Chevy Silverado / GMC Sierra EV, Chevy Equinox EV, and Chevy Blazer EV.”

CFRA Research analyst Garrett Nelson said in a note to clients after earnings this week, “We believe the near term earnings drag from GM’s EV transition will be significant, and have doubts about its production ramp-up and ultimate demand for its EV models amid growing signs of EV market oversaturation.”

But GM’s EV plans come as Ford announced it is slowing down its plans to expand EV production to a 600,000 annual rate. The Mustang Mach-E sold 14,000 units and the F-150 Lightning truck sold 8,757 in the first half of the year, according to Cox. The F-150 EV’s sales are about 2.3% of total F-series unit sales as reported by Goodcarbadcar.net.

Ford sent slightly different messaging to investors last week, saying that while it is losing billions to accelerate its EV manufacturing, it will also be ramping production of hybrids, including a hybrid F-150.

https://www.cnbc.com/2023/07/30/a-k...rce=iosappshare|com.apple.UIKit.activity.Mail

 

[qwerty]

No worries. Should EV sales stall I’m sure the federal government will just waste some more taxpayer money and increase the EV tax credit to $15-$30k per car. No stringed attached (removal of income cap, etc)

 

[morekaos]

…and people here wonder why this makes me so mad?

 

[AW]

That's the feds for ya... at least Biden's proposing something to end $50B of subsidies

Factbox: Biden budget to target U.S. fossil fuel subsidies

U.S. President Joe Biden will propose a budget that would scrap oil and gas industry subsidies, according to a document seen by Reuters, reviving a perennial debate about whether fossil fuel companies should be receiving lucrative tax breaks.

www.reuters.com

 

[morekaos]

While I don’t support subsidies it’s a Good thing he will never get his total agenda done, when your priorities are hurting your own people, checks and balances really help.

“While the proposal has little chance of making it through a divided Congress

WHAT ARE OTHER COUNTRIES DOING?​

For many governments, keeping consumer energy prices affordable is the top priority. That's why numerous countries, ranging from Japan to Brazil, last year imposed or increased subsidies to cushion consumers from skyrocketing prices.”

Gas Prices Are Quietly Creeping Back Up As Biden Admin Touts 'Bidenomics'​

Gas Prices Are Quietly Creeping Back Up As Biden Admin Touts 'Bidenomics'

Gas prices have quietly been on the rise over the summer.

ijr.com

 

[irvinehomeowner]

So oil subsidies good... anything else bad.

Hypocrisy gonna hypocrisy.