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Strategies & Market Trends : The Art of Investing

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Nov 24 4:00 PM EST

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To: Sun Tzu who wrote (4927)	7/24/2022 11:03:31 PM
From: robert b furman	3 Recommendations Recommended By Fiscally Conservative Sun Tzu toccodolce Read Replies (2) of 10641

Hi Sun, EV sales estimates are based on $100.00 down and is refundable. Huge demand based on refundable deposit is mental masterbation with regards to true demand.. Every wannabe EV buyer has 5 down payments to all future makers. First one built = 4 reimbursements from the others. People talk about semis double ordering EV'd are 2-3 times that. EV investment is an ESG pipe dream. The infrastructure and savings into the future with volume production is pipe dream. The EV hype will create huge write downs with OEMs. GM's Cadillac has been open for orders since May 20th. Have not heard a peep about demand? The real world needs inexpensive ICE's. NOT $120,000 Hummers. EV's are a luxury vehicle urban niche. Especially in the US. Interest rates are up on ICE's and EV's. Time to tighten the payroll, I'd expect. Good thing is inventories are light, should be short lived. Billions on EV's are in question would be my first guess. Just my long term position and belief based on my past experience of demand in my market - zero need/desire. Bob

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