Tesla 2023

Going "Down with the ship"

Meanwhile whoops one too many blunts yesterday ....

(Bloomberg)

Tesla u-turn
Tesla raised the prices on Tesla’s Model S and X vehicles just a day after CEO Elon Musk signal the company will continue cutting prices. It’s likely no coincidence that the move comes after Tesla shares slid 9.7% on Thursday following Musk’s initial suggestion. Investors are responding favorably to the change, with shares in the electric vehicle behemoth rising in US premarket trading. Of course, changing the prices of its higher-end vehicles has less impact on Tesla’s bottom line than adjusting what it charges for the Model 3 or Y, with Musk saying they are “of minor importance” to the company’s future.
 
mervyn said:
wait for wood in a buying spree now.

i have short put this friday at 165, hopefully to pick some shares up, option premium is juicy. or i can roll to lower 160, let's see if it can bounce.
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barely over 165, made 25% closing out, rolled to 160 put next friday.
 
(Oilprice.Com)

US Majors Want Cleaner Gas Instead of EVs. The two largest oil companies in the US, ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) have been testing renewable gasoline blends that allegedly bring down emissions from fossil-fueled cars to levels compatible with EVs, up to 75% lower than currently
 
Been awfully quiet in here lately lol but sorry couldn't find the YT guy's channel so have to settle for Reuters instead for EV news:-

https://www.reuters.com/business/au...sts-410-leap-first-quarter-profit-2023-04-27/

Chinese EV giant BYD's first-quarter profit jumps fivefold
Reuters
ZJMSAXQBSNJWNA5AUE2U4DCAW4.jpg

Visitors view a BYD Dolphin EV car at the 44th Bangkok International Motor Show in Bangkok, Thailand, March 23, 2023. REUTERS/Athit Perawongmetha
  • Companies

BEIJING/SHANGHAI, April 27 (Reuters) - Chinese electric vehicle giant BYD Co. (002594.SZ) posted a fivefold jump in its first-quarter profit on Thursday as the company consolidated its leadership in the domestic market.

Net profit for the first three months of the year was 4.13 billion yuan ($596.56 million), up 410.9% from 808.41 million yuan a year earlier, on revenue up 79.8% at 120.17 billion yuan, the company said in a stock market filing.

The Shenzhen-based company, whose investors include Warren Buffett's Berkshire Hathaway (BRKa.N), outsold Volkswagen-branded (VOWG_p.DE) cars in the first quarter of this year in China, according to a Reuters analysis of data from the China Association of Automobile Manufacturers.

Buoyed by its Dynasty and Ocean series of plug-in hybrids and pure electric cars, BYD sold 552,076 new energy vehicles in the first quarter, a surge of 92.81% year-on-year, according to the company.

The company sold more than 1.86 million vehicles in 2022, mostly in China.

BYD has joined many other Chinese brands in a price war started by Tesla (TSLA.O), with the offering of discounts for its Song Plus and Seal EVs in March.

The price cuts have eaten into automakers' earnings, with Tesla reporting a 24% plunge in first-quarter net income.

Last week, BYD unveiled its Seagull electric hatchback at the Shanghai autoshow, stunning visitors with a price from just 78,000 yuan - around half the level of the cheapest new energy vehicles available elsewhere.

($1 = 6.9230 Chinese yuan renminbi)
 
SunTrader said:
Been awfully quiet in here lately lol but sorry couldn't find the YT guy's channel so have to settle for Reuters instead for EV news:-

https://www.reuters.com/business/au...sts-410-leap-first-quarter-profit-2023-04-27/

Visitors view a BYD Dolphin EV car at the 44th Bangkok International Motor Show in Bangkok, Thailand, March 23, 2023. REUTERS/Athit Perawongmetha
  • Companies
BEIJING/SHANGHAI, April 27 (Reuters) - Chinese electric vehicle giant BYD Co. (002594.SZ) posted a fivefold jump in its first-quarter profit on Thursday as the company consolidated its leadership in the domestic market.

Net profit for the first three months of the year was 4.13 billion yuan ($596.56 million), up 410.9% from 808.41 million yuan a year earlier, on revenue up 79.8% at 120.17 billion yuan, the company said in a stock market filing.

The Shenzhen-based company, whose investors include Warren Buffett's Berkshire Hathaway (BRKa.N), outsold Volkswagen-branded (VOWG_p.DE) cars in the first quarter of this year in China, according to a Reuters analysis of data from the China Association of Automobile Manufacturers.

Buoyed by its Dynasty and Ocean series of plug-in hybrids and pure electric cars, BYD sold 552,076 new energy vehicles in the first quarter, a surge of 92.81% year-on-year, according to the company.

The company sold more than 1.86 million vehicles in 2022, mostly in China.

BYD has joined many other Chinese brands in a price war started by Tesla (TSLA.O), with the offering of discounts for its Song Plus and Seal EVs in March.

The price cuts have eaten into automakers' earnings, with Tesla reporting a 24% plunge in first-quarter net income.

Last week, BYD unveiled its Seagull electric hatchback at the Shanghai autoshow, stunning visitors with a price from just 78,000 yuan - around half the level of the cheapest new energy vehicles available elsewhere.

($1 = 6.9230 Chinese yuan renminbi)
More...

But WB is selling…
 
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