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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (1426742)	11/29/2023 6:49:58 PM
From: Tenchusatsu	Respond to of 1575949

Eric, How can we leverage those $$ to help humanity and nature. Here's the thing. It's not our money to spend. It's his. If he wants to piss away $44B just so he can troll people on teh Internets, let him. It doesn't affect me because quite frankly I don't give a Brandon. I've never been a fan of Twitter. It is just way too toxic for my tastes. Yes, even compared to this thread. Tenchusatsu

To: Eric who wrote (1426742)	11/29/2023 9:09:59 PM
From: Broken_Clock	1 Recommendation Recommended By miraje Read Replies (1) \| Respond to of 1575949

"Mr. President, Tap The Brakes": 3,900 Auto Dealers Warn EV Demand Crumbling by Tyler Durden Wednesday, Nov 29, 2023 - 03:40 PM Data from Bankrate indicates that interest rates for new auto loans with a 60-month term have reached their highest point since the Dot Com bust era. Additionally, the soaring prices of new electric vehicles pose a significant affordability challenge for the average working-class American. Beyond affordability issues, consumer interest in EVs is also waning. This sentiment is echoed by 3,900 auto dealers who have written to President Biden, urging his administration to reconsider the pace of EV mandates, citing a severe decline in demand for these vehicles. "Currently, there are many excellent battery electric vehicles available for consumers to purchase. These vehicles are ideal for many people, and we believe their appeal will grow over time. The reality, however, is that electric vehicle demand today is not keeping up with the large influx of BEVs arriving at our dealerships prompted by the current regulations. BEVs are stacking up on our lots," the dealers said. They said 2022 was a year of "hope and hype about EVs" but has morphed into a bust cycle as "supply of unsold BEVs is surging, as they are not selling nearly as fast as they are arriving at our dealerships -- even with deep price cuts, manufacturer incentives, and generous government incentives." They warned: "Already, electric vehicles are stacking up on our lots which is our best indicator of customer demand in the marketplace." According to Bankrate data, this may be because new auto loans with 60-month terms have soared from around 3.5% to 7.78% in a very short period - we call this an interest rate shock. Current rates are at levels not seen since the second half of 2001. [url=][/url] The dealers said most customers are not ready for EVs, citing unaffordability issues. No fiscally conservative American trying to survive the failure of Bidenomics wants a +$1,000 EV car payment. They explained most customers don't have "garages for home charging or easy access to public charging stations" and were concerned about "loss of driving range in cold or hot weather." With that being said, the dealers asked Biden: Mr. President, it is *time to tap the brakes on the unrealistic government electric vehicle mandate*. Allow time for the battery technology to advance. Allow time to make BEVs more affordable. Allow time to develop domestic sources for the minerals to make batteries. Allow time for the charging infrastructure to be built and prove reliable. And most of all, allow time for the American consumer to get comfortable with the technology and make the choice to buy an electric vehicle. None of this should be surprising to readers. We have w ell-documented the EV bust this year, pointing out in late summer that dealers struggled to sell EVs with inventories piling up. We even showed the 'rise and fall' of the EV hype in one chart, Bring A Trailer listings for the GMC Hummer EV. [url=][/url] The letter to the president also comes as the clean energy industry is plunging into turmoil, with shares of solar, wind, and hydrogen stocks crashing this year. [url=][/url] President Biden's green revolution stands no chance in a high interest rate environment. And we wonder if the EV price war sparked by Elon Musk earlier this year with major automakers means Tesla is soaking up market share - or if they, too, are experiencing demand troubles.

To: Eric who wrote (1426742)	11/30/2023 5:37:38 PM
From: Tenchusatsu	1 Recommendation Recommended By pocotrader Respond to of 1575949

Tenchu's Thoughts: There Is No Surer Vote Than That Made By One's Feet Elon Musk tells advertisers to "gO fUcK yOuRsElVeS!" And everyone in the Q Continuum cheers. Meanwhile, Peter Zeihan declares he's leaving Twitter. Yes, he's just one guy, but he gives some very good reasons why: It's one thing to be an advocate for free speech. Yes, I too love free speech. But Elon Musk allowed his platform to become an open breeding ground for bots and spammers. Then he tags and amplifies the most kooky and well-debunked conspiracy theories out there. Just because he feel like it. Now he tells advertisers to "gO fUcK yOuRsElVeS!" Guess what people are going to do in a free market of ideas? That's right, they will vote with their feet. Buh-bye, Twitter. Buh-bye, Elon. Do what you want with your $44B boondoggle. Tenchusatsu