Lordstown Motors(RIDE) up 23% today as well as news is out of 100K pre orders for it's EV fleet pick up truck.
Whoever is ordering these fleet trucks will also be ordering up charging systems as well.
Pretty sure GM is invested in these guys.
OT: Stock and Investment Talk
- Thread starter RU-05
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Whoever is ordering these fleet trucks will also be ordering up charging systems as well.
Pretty sure GM is invested in these guys.
Ya that too.
GM to invest in EV maker Lordstown Motors (freep.com)
Does that make them a potential acquisition in the future?
Seems odd they would invest in a potential competitor.
Just looked up Blink, interesting. I also saw that IDRV added it to their portfolio last month.
You should track to see if the daily big losers normally pop back the next day (if you are into day trading).
I mentioned them a week or so ago, something along the lines of:
SNOW is often mentioned as one of the most expensive stocks on the market with a price to sales of 170x.
BLNK's price to sales is 350x.
Very modest revenues in 2020 at $5.3 million. Which was almost double 2019's. But those rev's need to jump in a big way in upcoming years.
Obviously it depends on the why. Sometimes a hot running stock will drop merel on profit taking. Or a hot running stock that drops on news of stock issuance can be a good oppurtunity. Maybe not right away, but wait a couple weeks or a month, see if it gets running again.
FTFT and BTBT were both on big runs recently, and are tied to the crypto trade, so a double knock on the head there. If crypto bounces, these guy bounce as well, probably more then the crypto's themselves. I think FTFT especially has a good runway.
TSLA is a house of cards built on tax credits/subsidies. The US Gov’t wants TSLA to establish dominance in the EV space before the Chinese EV manufacturers take over similar to the Toyota/Nissan invasion that crushed the likes of Ford and GM way back when. TSLA delivered 499K vehicles in 2020 missing their 500K target yet the stock still went up on the miss. Robinhood retail investors are also driving the stock higher because they are enamored with Musk. TSLA vehicle numbers are a joke compared to just about any major car manufacturer and competition is on the way with Ford, GM, VW, and every other car manufacturer launching EVs. Yet, the stock is up like 800% and Musk is now the richest man on the planet. Guys like Kramer used to laugh at TSLA for years until he got the “secret memo” to buy and is now a huge advocate and benefits greatly as a result.
That’s why I sold BLNK and took my 110% profit—their 350X
I’m contemplating what to do on TSLA as I am up 150% even after the drop today but I get the feeling it is in for a correction. Not that I want to time the market rather just take profits. Still think the company is the future bit for their cars but for energy. I just think their rise feels like a bubble now
I’m contemplating what to do on TSLA as I am up 150% even after the drop today but I get the feeling it is in for a correction. Not that I want to time the market rather just take profits. Still think the company is the future bit for their cars but for energy. I just think their rise feels like a bubble now
They are grossly inflated now. Sure, their long term future is bright, but that doesn't mean they are not due for a 50% correction. Just look at the chart. How many companies in history had such a quick spike without some short term correction?
I'd say TSLA is an excellent, fast growing business, that has been, and continues to be helped by tax credits.
Their stock price might be a house of cards, but the business is not.
WMT is a mature company that is still kicking ass and taking names!
Yes I remember awhile back debating people here about Walmart not going the way of the dodo in the face of Amazon.
Not everyone has to be Sears. You may not be the cutting edge or pioneer and may copy cat but if you have the resources and management willing to adapt and not rest on their laurels you can still survive and even thrive.
I think that remote shopping for groceries outside of canned or frozen items will never be fully accepted.
Well it doesn't have to be fully accepted. I'd guess after this pandemic the idea of it has definitely expanded the base and become more normalized for a larger segment of the population.
It doesn't really matter though because it has a foot in both worlds, and I think that's necessary, with a physical presence and an online one as well.
Energy storage
Solar
Software as a service
Software upgrades
Insurance
Robotaxi
Battery sales
Licensing software
Home HVAC
Charging stations
Autobidder
WMT is the GM in that comparison. And I think his point was, here is an establish company that is following the lead of new guy who is on fire. And I think that is a very interesting analogy
Now AMZN is already bigger overall then WMT, while TSLA is still significantly smaller then GM, but no analogy is going to be perfect.
Note that GM is jumping again today. Why? EV news. Ready to break out to all time highs. Watch it run from there.
It is a currently car company, but one that could become much more then that.
But right now it's a car company.
I do agree that WMT is adapting. As is TGT. As are Kohl's and Macy's and all the way down the line.
Not to say they will all make it, but if you want to succeed you have to adapt, and these guys are.
Now I've been in on WMT for months waiting for it to reap the rewards of it's expanding digital footprint, but it along with all the mega caps have lagged since their runs early in the pandemic.
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And since we're almost exactly 9 months since the lockdown began:
Changing stations
The vast majority of EV owners charge at home. I've owned an EV for 1.5 years, and while I've used the Supercharger network, I've never had to use it. It was more of a convivence thing. While I'm here, I might as well charge. While I honestly don't know how many charging stations would be needed once the entire fleet is electric, I don't know if you're forgetting the majority of homeowners wouldn't use it with regularity.
@Frida's Boss
Would value store plays, like precious metals and crypto, benefit from an upswing in the bond yield curve?
I know there is the thought that if the 10 year breaks above 1.5% (or whatever number) that could hurt equities, but would those value store's run counter to the overall market?
Would value store plays, like precious metals and crypto, benefit from an upswing in the bond yield curve?
I know there is the thought that if the 10 year breaks above 1.5% (or whatever number) that could hurt equities, but would those value store's run counter to the overall market?
All those companies added up still can’t justify the current valuation. I have looked into the solar/battery and Cars from TSLA. They make a great product but it’s super expensive. None of their products make economic sense. But they are beautiful products that appeal to the upper class. I would be a buyer if they can show mass market appeal (affordability).
They do have a 35K model, which I assume comes with tax credits to bring the price down.
IDRV is up a bit today as well. Overall +7% YTD. Put in a few grand yesterday to test it out.
How many car companies are selling a $10K software upgrade? What's the margin on that?
The energy business is up and running already, and has enormous potential for future growth. In their 3rd Q conference call, Tesla stated it had more demand than supply for energy storage through 2021. $Trillions ripe for disruption in energy.
No, they don’t. The base model 3 is $37,990. To make it comparable to other standard features on other cars, you are closer to 50k.
I believe Tesla has utilized total tax credits allowed for buyers at the federal level. I'm not sure what the states offer except that it varies.
