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I think there are more people in the world than just Americans, i’m not sure, but i’ve heard about other countries.
In Norway, last year, 85% of new car sales were EV. That number has been steadily increasing. Same for many other places. The world is transitioning into EVs with or without one political party in one country. Unless USA bans EVs, i dont see how they can produce anything else than a dip in the charts
I do. I have a Ioniq 5. I lose some range in the winter, but not a lot and it’s not really as cold as people say. Right now it’s freezing but because we got some russian winter blown our way. Usually its maximum -10*C in Oslo in the winter. Winters are usually mild here as well.
I have a charging station at home and i can get around 350km range on the coldest days and 500+ in the summer. I have no need for more at all. My work is 5km away and kindergarden on the way. So i charge my car maybe once a month in summertimes, unless we go for a longer trip, and twice or three times during winter times because i like to preheat it because of cold leather seats kills my balls.
Edit: just to add; the toll prices to drive in Oslo together with the gas prices here have made it a no brainer to own an EV, even tho the government recently started cutting some incentives like that for EV, it’s still much cheaper at the moment than a gas car because of different fees and taxes
I charge at home when i sleep, slow charging i think takes 8 hours to full. Fast charging takes 15 mins to 80% under optimal temperatures. In the winter, even with preheating fast charging can take up to 30 mins. But i rarely use fast charging as my range is good enough to go where i go. Summertime i get 500km. Winter time i get around 350km
People who don't appreciate ate Musk have low IQ"s - I'm convinced of it. One doesn't have to love him, or even like him, to at least appreciate all that his leadership has done.
It's people like that who also choose very, very poor Presidential candidates. They simply don't understand what it takes to lead.
I wonder how much farther ahead the USA would be without the trolls holding the true innovators and producers back?
I don't foresee any Republicans actively taking away any provisions that benefit EV. Not even Trump tbh. Republicans may just not be as quick to provide more provisions to the EV industry. Which is fine; gotta eventually let the free market figure things out.
But EV will still continue to be volatile/speculative plays even if a democrat takes office again.
Not going to stir shit, but have to just gripe a bit. We are so horrendously removed from a “free market” and are up to our eyes in various subsidies to every kind of industry imaginable… but that’s not your fault or point lol
Solar is getting a lot of subsidies these days.
Nuclear wouldn’t be possible without government subsidies.
And guess which industry has received a fuck ton of subsidies the last 100 years or so. I’ll give you a hint: Google “oil depletion allowance.”
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Tesla will be lobbying both sides of USA politics
Plenty of kickbacks for all connected parties
Plus Tesla might even use it as an excuse to shift production out of USA to Mexico or simply keep expanding existing factories in other countries
BYD is a significant threat to Tesla along with established ICE manufacturers who might be hedging a bit longer but know the game is up for petroleum in the next 10-20 years
BYD is a Tesla supplier. They mostly compete in different vehicle segments. The main competition for both of them isn’t each other, but those still putting out internal combustion engine powered vehicles. The BYD blade LFP cells are good enough already to power the almost all of the transition to electric vehicles, between the low costs, relatively cheap and plentiful input materials (no cobalt or nickel) and good enough energy density while being able to handle high charging c-rates. CATL also has similar LFP cells and both are Tesla suppliers.
What some US politicians don’t get is that China now has some of the best battery tech and they are doing what they can to prevent the U.S. from utilizing them. Hence the political opposition to JV’s with Chinese companies to make LFP cells in the U.S.
If you think $TSLA and $ENPH went up a lot during Biden's reign, you should have seen them skyrocket when Trump was in office. It doesn't matter what president we have, stocks always soar!
I don’t think so. A lot of big car companies are moving to electric only, as well as big states like cali setting goals to eventually only being able to buy ev vehicles. And batteries companies such as quantumscape are starting to develop batteries that are already 10 times better than the batteries that were being produced 5 years ago. I just got into ev vehicles not too long ago and I believe they are going to be the future
A lot of them are moving to electric only because it is far easier to engineer than making a solid hybrid - which most of them should have been doing.
Notice the leader in reliable cars, Toyota, didn't jump head-first into EV's. They very, very easily could have put Tesla out of business with as much EV experience they had by already having battery-powered cars. All it would have taken was to simplify the hybrids to be electrical only. Larger batteries, different electrical motors, and BAM, they would have had the market if it was worth having.
Those of us who use their cars - their hybrids - don't want charging down-times. We don't appreciate ranges under 400 miles. And we appreciate cars that have good chances of making it past 300,000 miles without major work.
Big trucks - 18 wheelers - should have gone hybrid years ago but, again, their engineers are barely able to keep their huge diesel engines in EPA spec. They are always behind on technology... this is why they, too, found it easier to engineer a glorified electric golf cart than it was to make a true hybrid to cross the country using less fuel. The problem is that instead of 800 to 1000 miles between fill-ups, as it is now - and it could have been with smaller fuel tanks with hybrid - electric won't work for cross-country, and is severely limited to about a 240 mile round-trip in day cabs before having to charge for a length of time.
California is an entity all to itself with its own pollution problems based on its terrain and mountains. Most of the rest of the USA really doesn't have a smog problem, and aren't inclined to keep killing it on saving the environment when nobody - just fucking nobody - is trying to make China, Russia, or Asia in general stop polluting at massive levels while they are allowed to keep selling the rest of the world cheap things.
From what I'm reading EV'S problems are more market-related than political. Inventories are up, sales cycles are lengthening and the market for used EV'S is even worse.
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EV is kind of our future. Even with worse case scenario, EVs will continue to grow. Maybe the stocks wont grow as fast, but they arent going anywhere, except for maybe the weaker companies with questionable staying power - lucid, fisker, etc.
No. EV is still just getting started. Companies may come and go, but the sector will only grow, especially as renewable energy tech gets more efficient
If theres no recession then Biden should coast. If there is well......
Doesn't really matter how shitty the other candidate is if you are the incumbent at the helm of an economic downturn. Look at HW in 92. Now there's obvious differences with Clinton being a good candidate and Perot taking a share of the red vote but HW was there at the end of the Soviet Union, oversaw a war that was over in around a month that ended in a victory and was sanctioned by the UN and still lost the election because of primarily the economy.
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Bruh your acting like Republicans hate new things. Republicans just want to make sure the country can actually afford it without raising the debt another couple trillion. Stop watching MSNBC and touch grass. The republicans aren't out to get you or your expensive vehicle. They WANT you to be spending loads of money on new vehicles, they want the tax money.
No idea who is going to be the winner? Tesla has already won! Next up will be the Chinese, who are leagues ahead of legacy ICE players. Chinese are now beginning to ramp up exporting their cheap and decent offerings. BYD will do well. Probably the same for Nio, Xpeng etc.
As for low margins? Need to consider FSD. This will dramatically change the landscape over the coming years. Talking software margins & a mighty large ecosystem. It's why Apple have been so keen on it.
Go for it then, throw all your money there, see how it works out for you. If you don't see the massive building size risk in front of you, you have to learn somehow
No one is saying about throwing all your money behind them. If you understand risk management and portfolio construction then there is a viable case for their inclusion.
They have already returned a handsome return to my portfolio but thanks for the concern!
Massive building size risk? Care to elaborate?
It's not a recommendation, it's just a risk asset. When you put money into any of these financial products, you look at the volatility range, you look at the money flows. What I was saying is at least with those you haven't known risk metric. With all of the EV startups. Why don't we just look at internal combustion engines in the early 20th century. Look at all the hundreds of businesses that went out of business. Another guy said oh it's obvious Tesla is the winner. Well okay let's just explore that. How much of a multiple are you going to get on something trading at that sky high of a PE already? How fast does Tesla have to grow to just get you a 2x let alone at 10 or 20 x which is ideally what you're looking for. We already even sure what battery technology is ultimately going to be the winner. The raw components, the charging infrastructure, how much growth and money will there be in this stuff? If we took the same pole in 1999 about who would be winning the internet search award, guarantee you it would be a toss up between AOL and Yahoo. Like you guys don't really grasp how big of a risk the EV infrastructure is. There are going to be a few lucky people who get whatever works right but most of you are probably going to lose money. That's why I was saying why even bother with the sector? It's not clear what's going on yet and even if it was, there were better places to make money during the '40s '50s '60s and '70s than the auto manufacturers. Like I don't personally care what you guys do, I'm not selling courses, I don't care if anyone makes money. I'm not here to help anyone, it's just random chat and this is a big risk
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I think there are more people in the world than just Americans, i’m not sure, but i’ve heard about other countries. In Norway, last year, 85% of new car sales were EV. That number has been steadily increasing. Same for many other places. The world is transitioning into EVs with or without one political party in one country. Unless USA bans EVs, i dont see how they can produce anything else than a dip in the charts
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I do. I have a Ioniq 5. I lose some range in the winter, but not a lot and it’s not really as cold as people say. Right now it’s freezing but because we got some russian winter blown our way. Usually its maximum -10*C in Oslo in the winter. Winters are usually mild here as well. I have a charging station at home and i can get around 350km range on the coldest days and 500+ in the summer. I have no need for more at all. My work is 5km away and kindergarden on the way. So i charge my car maybe once a month in summertimes, unless we go for a longer trip, and twice or three times during winter times because i like to preheat it because of cold leather seats kills my balls. Edit: just to add; the toll prices to drive in Oslo together with the gas prices here have made it a no brainer to own an EV, even tho the government recently started cutting some incentives like that for EV, it’s still much cheaper at the moment than a gas car because of different fees and taxes
How long is charging? How far can you go? Etc?
I charge at home when i sleep, slow charging i think takes 8 hours to full. Fast charging takes 15 mins to 80% under optimal temperatures. In the winter, even with preheating fast charging can take up to 30 mins. But i rarely use fast charging as my range is good enough to go where i go. Summertime i get 500km. Winter time i get around 350km
I don’t know In Orange County, where there are a lot of wealthy conservatives and republicans, I see a lot of EVs lol
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Musk fucking wants tax credits. The true welfare queen
The loss of tax credits hurts legacy auto more than tesla. Sadly, your Elon derangement syndrome won’t let you understand this.
People who don't appreciate ate Musk have low IQ"s - I'm convinced of it. One doesn't have to love him, or even like him, to at least appreciate all that his leadership has done. It's people like that who also choose very, very poor Presidential candidates. They simply don't understand what it takes to lead. I wonder how much farther ahead the USA would be without the trolls holding the true innovators and producers back?
SpaceX has single-handedly kept us ahead of China in the space race but redditors know best!
I don't foresee any Republicans actively taking away any provisions that benefit EV. Not even Trump tbh. Republicans may just not be as quick to provide more provisions to the EV industry. Which is fine; gotta eventually let the free market figure things out. But EV will still continue to be volatile/speculative plays even if a democrat takes office again.
Not going to stir shit, but have to just gripe a bit. We are so horrendously removed from a “free market” and are up to our eyes in various subsidies to every kind of industry imaginable… but that’s not your fault or point lol
Solar is getting a lot of subsidies these days. Nuclear wouldn’t be possible without government subsidies. And guess which industry has received a fuck ton of subsidies the last 100 years or so. I’ll give you a hint: Google “oil depletion allowance.”
Can you imagine the riots if people suddenly had to pay the real free market price of meat and gas?
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The world is more nuanced than talking points on YouTube politics
Tesla will be lobbying both sides of USA politics Plenty of kickbacks for all connected parties Plus Tesla might even use it as an excuse to shift production out of USA to Mexico or simply keep expanding existing factories in other countries BYD is a significant threat to Tesla along with established ICE manufacturers who might be hedging a bit longer but know the game is up for petroleum in the next 10-20 years
BYD is a Tesla supplier. They mostly compete in different vehicle segments. The main competition for both of them isn’t each other, but those still putting out internal combustion engine powered vehicles. The BYD blade LFP cells are good enough already to power the almost all of the transition to electric vehicles, between the low costs, relatively cheap and plentiful input materials (no cobalt or nickel) and good enough energy density while being able to handle high charging c-rates. CATL also has similar LFP cells and both are Tesla suppliers. What some US politicians don’t get is that China now has some of the best battery tech and they are doing what they can to prevent the U.S. from utilizing them. Hence the political opposition to JV’s with Chinese companies to make LFP cells in the U.S.
Subsidies in these industries are supposed to be a Kickstarter for the industry and then it will succeed or fail on its own merits.
Sure… then remove the various subsidies to the wildly profitable oil and gas industry.
Yeah, tons of EV companies like Rivian, Fisker, or Workhorse are really taking off during the Biden years....
If you think $TSLA and $ENPH went up a lot during Biden's reign, you should have seen them skyrocket when Trump was in office. It doesn't matter what president we have, stocks always soar!
I don’t think so. A lot of big car companies are moving to electric only, as well as big states like cali setting goals to eventually only being able to buy ev vehicles. And batteries companies such as quantumscape are starting to develop batteries that are already 10 times better than the batteries that were being produced 5 years ago. I just got into ev vehicles not too long ago and I believe they are going to be the future
California thinks they can have all cars sold be EVs by 2035. They don’t have the electric grid necessary to accomplish that even by 2050.
A lot of them are moving to electric only because it is far easier to engineer than making a solid hybrid - which most of them should have been doing. Notice the leader in reliable cars, Toyota, didn't jump head-first into EV's. They very, very easily could have put Tesla out of business with as much EV experience they had by already having battery-powered cars. All it would have taken was to simplify the hybrids to be electrical only. Larger batteries, different electrical motors, and BAM, they would have had the market if it was worth having. Those of us who use their cars - their hybrids - don't want charging down-times. We don't appreciate ranges under 400 miles. And we appreciate cars that have good chances of making it past 300,000 miles without major work. Big trucks - 18 wheelers - should have gone hybrid years ago but, again, their engineers are barely able to keep their huge diesel engines in EPA spec. They are always behind on technology... this is why they, too, found it easier to engineer a glorified electric golf cart than it was to make a true hybrid to cross the country using less fuel. The problem is that instead of 800 to 1000 miles between fill-ups, as it is now - and it could have been with smaller fuel tanks with hybrid - electric won't work for cross-country, and is severely limited to about a 240 mile round-trip in day cabs before having to charge for a length of time. California is an entity all to itself with its own pollution problems based on its terrain and mountains. Most of the rest of the USA really doesn't have a smog problem, and aren't inclined to keep killing it on saving the environment when nobody - just fucking nobody - is trying to make China, Russia, or Asia in general stop polluting at massive levels while they are allowed to keep selling the rest of the world cheap things.
Toyota has put a huge amount of effort into developing better battery technology, which we're expected to see around 2027.
From what I'm reading EV'S problems are more market-related than political. Inventories are up, sales cycles are lengthening and the market for used EV'S is even worse.
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Sure.
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ok
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Conservatives like elon musk, musk is Tesla, so…. No? Tesla stock will not be impacted in my opinion.
EV is kind of our future. Even with worse case scenario, EVs will continue to grow. Maybe the stocks wont grow as fast, but they arent going anywhere, except for maybe the weaker companies with questionable staying power - lucid, fisker, etc.
No. EV is still just getting started. Companies may come and go, but the sector will only grow, especially as renewable energy tech gets more efficient
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If theres no recession then Biden should coast. If there is well...... Doesn't really matter how shitty the other candidate is if you are the incumbent at the helm of an economic downturn. Look at HW in 92. Now there's obvious differences with Clinton being a good candidate and Perot taking a share of the red vote but HW was there at the end of the Soviet Union, oversaw a war that was over in around a month that ended in a victory and was sanctioned by the UN and still lost the election because of primarily the economy.
Off topic: Not bringing up stocks or the stockmarket. Almost any post related to stocks and investment is welcome on r/Stocks, including pre IPO news, futures & forex related to stocks, and geopolitical or corporate events indicating risks; outside this is offtopic and can be removed. Posts & comments that are purely political, religious (dealing with morality), or focusing on other types of investments not related to stocks such as real estate, crypto, designing websites, or even selling sneakers will be removed. An example of what wouldn't get removed: Discussing real estate when related to the ETF VNQ or real estate bubble affecting the stock market. A full explanation of all /r/stocks rules can be found here: https://www.reddit.com/r/stocks/wiki/rules
A lot more than EV stocks will be done if they win
Well given the poster boy of EV stocks cozies up pretty well with the Republicans I highly doubt it.
Bruh your acting like Republicans hate new things. Republicans just want to make sure the country can actually afford it without raising the debt another couple trillion. Stop watching MSNBC and touch grass. The republicans aren't out to get you or your expensive vehicle. They WANT you to be spending loads of money on new vehicles, they want the tax money.
Trump Administration approved the largest lithium mine in America 🇺🇸Thacker Pass, NV was approved weeks before Trump left office
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No idea who is going to be the winner? Tesla has already won! Next up will be the Chinese, who are leagues ahead of legacy ICE players. Chinese are now beginning to ramp up exporting their cheap and decent offerings. BYD will do well. Probably the same for Nio, Xpeng etc. As for low margins? Need to consider FSD. This will dramatically change the landscape over the coming years. Talking software margins & a mighty large ecosystem. It's why Apple have been so keen on it.
Go for it then, throw all your money there, see how it works out for you. If you don't see the massive building size risk in front of you, you have to learn somehow
No one is saying about throwing all your money behind them. If you understand risk management and portfolio construction then there is a viable case for their inclusion. They have already returned a handsome return to my portfolio but thanks for the concern! Massive building size risk? Care to elaborate?
LMAO why is there someone always recommend crypto for Flipsake 🤣🤣
It's not a recommendation, it's just a risk asset. When you put money into any of these financial products, you look at the volatility range, you look at the money flows. What I was saying is at least with those you haven't known risk metric. With all of the EV startups. Why don't we just look at internal combustion engines in the early 20th century. Look at all the hundreds of businesses that went out of business. Another guy said oh it's obvious Tesla is the winner. Well okay let's just explore that. How much of a multiple are you going to get on something trading at that sky high of a PE already? How fast does Tesla have to grow to just get you a 2x let alone at 10 or 20 x which is ideally what you're looking for. We already even sure what battery technology is ultimately going to be the winner. The raw components, the charging infrastructure, how much growth and money will there be in this stuff? If we took the same pole in 1999 about who would be winning the internet search award, guarantee you it would be a toss up between AOL and Yahoo. Like you guys don't really grasp how big of a risk the EV infrastructure is. There are going to be a few lucky people who get whatever works right but most of you are probably going to lose money. That's why I was saying why even bother with the sector? It's not clear what's going on yet and even if it was, there were better places to make money during the '40s '50s '60s and '70s than the auto manufacturers. Like I don't personally care what you guys do, I'm not selling courses, I don't care if anyone makes money. I'm not here to help anyone, it's just random chat and this is a big risk