Tesla 2024
- Thread starter VicBee
- Start date
He met the goals.
They're not giving him anything.
He earned it.
A contract is a contract.
They're not giving him anything.
He earned it.
A contract is a contract.
He rigged the contract against the majority of shareholders.
Stock is less than half of alltime highs.
He earned ... what he got.
He met the goals.
They're not giving him anything.
He earned it.
A contract is a contract.
They're not giving him anything.
He earned it.
A contract is a contract.
They already decided.
Guess you "didn't get the memo" angry white man?
Though admirable such concern for a billionaire.
(SEMAFOR)
6/11/24
EU set to announce Chinese EV tariffs
REUTERS/Annegret Hilse
Germany is battling France in a last-minute attempt to avoid an all-out trade war with China over electric vehicles. The European Commission is expected to announce fresh tariffs on Chinese EV imports Wednesday, following a probe into unfair state subsidies, but Berlin has ramped up its lobbying to keep the duties as low as possible, Politico EU reported. The dynamics between the European Union’s two biggest powers are fraught: France is in support of punitive measures, while Berlin is worried that retaliation from Beijing could hurt big German automakers. Chinese EV makers, meanwhile, are confident they will retain business in Europe and are making long-term production investments. Shenzhen-based BYD is boosting its visibility by sponsoring this summer’s UEFA Euro soccer tournament — which Germany is hosting.
+ + +
Another story (that I lost the link) said (Chinese owned) Volvo plans to "make" EV's in Europe. Belgium I believe? As a result of any new tariffs.
6/11/24
EU set to announce Chinese EV tariffs
REUTERS/Annegret Hilse
Germany is battling France in a last-minute attempt to avoid an all-out trade war with China over electric vehicles. The European Commission is expected to announce fresh tariffs on Chinese EV imports Wednesday, following a probe into unfair state subsidies, but Berlin has ramped up its lobbying to keep the duties as low as possible, Politico EU reported. The dynamics between the European Union’s two biggest powers are fraught: France is in support of punitive measures, while Berlin is worried that retaliation from Beijing could hurt big German automakers. Chinese EV makers, meanwhile, are confident they will retain business in Europe and are making long-term production investments. Shenzhen-based BYD is boosting its visibility by sponsoring this summer’s UEFA Euro soccer tournament — which Germany is hosting.
+ + +
Another story (that I lost the link) said (Chinese owned) Volvo plans to "make" EV's in Europe. Belgium I believe? As a result of any new tariffs.
(BLOOMBERG)
And finally, here's what Joe’s interested in this morning
...........
And one other thing that's on my mind right now. General Motors. Its stock is at a 2-year high. All you hear about these days is the absolute dominance of the Chinese auto companies, and yet here's the old legacy US player on a tear.
Of course, there's not some real contradiction here, we're just talking about two different models. China's players are running flat out, expanding and investing like crazy, pushing prices down, and expanding their footprint across the globe. BYD may be playing a big part in pushing China further out on the technological frontier, but there's not much left over for shareholders. Over the last two years, BYD shares are down over 20%.
Meanwhile, GM just authorized $6 billion more in stock buybacks, though there’s more to GM's recent run. It's doing well in bread-and-butter truck and SUV sales. GM also believes that next year, its EV business will be profitable on an operating business basis (before interest and taxes). Still, part of the story here is that EV-related investments are going to slow here, so the company can distribute more cash to shareholders (in the form of buybacks and dividends).
In US policy circles, there's obviously a lot of anxiety about the rise of Chinese auto OEMs (hence all the tariffs). But it's not clear whether the US legacy players can really *compete* technologically (or on cost) so long as shareholder-friendly capital allocation decisions are prioritized over a higher pace of sustained internal investment. Perhaps it's fine. We'll see.
And finally, here's what Joe’s interested in this morning
...........
And one other thing that's on my mind right now. General Motors. Its stock is at a 2-year high. All you hear about these days is the absolute dominance of the Chinese auto companies, and yet here's the old legacy US player on a tear.
Of course, there's not some real contradiction here, we're just talking about two different models. China's players are running flat out, expanding and investing like crazy, pushing prices down, and expanding their footprint across the globe. BYD may be playing a big part in pushing China further out on the technological frontier, but there's not much left over for shareholders. Over the last two years, BYD shares are down over 20%.
Meanwhile, GM just authorized $6 billion more in stock buybacks, though there’s more to GM's recent run. It's doing well in bread-and-butter truck and SUV sales. GM also believes that next year, its EV business will be profitable on an operating business basis (before interest and taxes). Still, part of the story here is that EV-related investments are going to slow here, so the company can distribute more cash to shareholders (in the form of buybacks and dividends).
In US policy circles, there's obviously a lot of anxiety about the rise of Chinese auto OEMs (hence all the tariffs). But it's not clear whether the US legacy players can really *compete* technologically (or on cost) so long as shareholder-friendly capital allocation decisions are prioritized over a higher pace of sustained internal investment. Perhaps it's fine. We'll see.