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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (206511)	7/4/2024 11:00:27 PM
From: TobagoJack	Read Replies (1) \| Respond to of 219938

At some juncture might make sense to short TSLA against long of BYD Message 34722786 Mathematically speaking, and perhaps philosophically as well

To: Julius Wong who wrote (206511)	7/5/2024 8:15:02 AM
From: Julius Wong	Read Replies (1) \| Respond to of 219938

Elon Musk Proves He’s the Greatest Showman on Earth vanityfair.com

To: Julius Wong who wrote (206511)	7/7/2024 11:32:42 PM
From: TobagoJack	Read Replies (1) \| Respond to of 219938

I bought some equity-linked deposit investment (akin to short puts) from the bank just now, linked to 1211.HK BYD, just now, following communication with the Ant Message 34725295 I reckon that as the good news keeps coming I might as well hold nose and jump in, from the cliff, hoping that the water is warm and fragrant Another casualty in the EV eco system that ought to benefit vertically integrated BYD Slowing investment, in plant capacity, R&D and knowhow accumulation by others in the eco system is good-good news, only if one is an innovative hybrid player, because the governments are tilting the playing field, whether wittingly or otherwise If I be the Elon, I would consider one of two approaches, (1) acquire BYD outright using shares and cash, or (2) do JV w/ BYD for NAFTA domains, or (3) try to sell out to BYD (but I am doubtful Tesla worth anything to BYD) bloomberg.com Battery Maker LG Energy’s Profit Sinks on Global EV Slowdown Heejin Kim8 July 2024 at 10:09 GMT+8 An LG Energy electric vehicle battery pack in Seoul. Photographer: SeongJoon Cho/Bloomberg 8 July 2024 at 09:29 GMT+8 Updated on Battery maker LG Energy Solution Ltd.’s second-quarter profit missed analyst estimates, as sales of electric vehicles continued to slow. Operating profit for three months ended June 30 dropped 58% from a year earlier to 195.3 billion won ($141 million), the Seoul-based company said Monday. That was lower than estimates of 282 billion won, according to data compiled by Bloomberg. Excluding a tax credit from the US Inflation Reduction Act, LG made a 252.5 billion won operating loss. Revenue dropped 30% to 6.2 trillion won. For more detail from the earnings report, click here The report was preliminary and LG Energy will announce final results later this month. LG Energy shares fell as much as 1.4% after the results were released, and recently were little changed. The supplier to automakers including Tesla Inc. and General Motors Co. has been struggling with slowing sales of EVs and a drop in lithium prices tied to its selling prices. Carmakers also pressured battery makers to supply cheaper cells in order to lower EV prices as high interest rates hurt demand. At the same time, LG Energy has been losing share in the global EV battery market due to the growth of Chinese rivals. Read More: LG Energy CEO Says It’s Time to Adjust Speed of Investment Tesla’s share of the global EV market dropped to 11.1% this year through the end of May, compared to 14.8% last year, according to SNE Research, as the carmaker’s older lineup struggles to keep up with fresher offerings from competitors. In Europe, companies including Volkswagen AG, Stellantis NV and Mercedes-Benz Group AG are scaling back or refocusing battery projects. “The price of batteries for EVs slumped by almost $50 per kilowatt-hour from its high to around $100,” said Dongjin Kang, an analyst at Hyundai Motor Securities Co. in Seoul. “It means the battery cost fell nearly by $4,000 for GM’s electric SUV Equinox. There’s no reason for carmakers to purchase batteries at the moment, they are still waiting for the price to fall further in the second half.” (Adds latest share price. A previous version of this story corrected the magnitude of decline in battery prices in last paragraph.) Follow all new stories by Heejin Kim