Kolek planning to go pro
The top heaviness of the S&P500 is a feature, not a bug. If they wanted to, as far as investing goes, there are equal-weight the investment vehicle vs weighted by market cap if you're interested.Over the past 10 years your return would suffer by about 50%, and you wouldn't have any diversification/risk upside.
Peter Thiel is an FBI informant.https://www.businessinsider.com/peter-thiel-fbi-informant-charles-johnson-johnathan-buma-chs-genius-2023-10
'We dug our own grave with the cybertruck'.Poof. Another $16 billion out the window.
At first I laughed at the design, however, the practicality of its features intrigue me. Tesla also has a devoted following, so I’ll believe the demise when I see it.The stainless steel body durability will be my biggest concern
The biggest "hater" on Tesla the last couple days has been Musk, which is pretty funny.If the Cybertruck ever comes to market, it's hard to see too many contractors and other professionals who actually use their truck for work preferring it to a "real" pickup truck.Ford had such an opportunity here because the Lightning could have been the absolutely, positively go-to EV truck. But they effed it up royally and it remains to be seen if they can salvage it.
What makes you say Ford effed it up? Or why do you think it hasn't been successful?
First, they were unable to deliver it to dealers. And then the few they delivered weren't able to achieve anywhere near the range that was advertised, especially when towing anything. Lots and lots and lots of truck owners are contractors, landscapers, boat owners, RV owners, ATV owners, etc. They need to be able to tow pretty heavy loads. The Lightning can't do it for very long.https://www.motortrend.com/reviews/ford-f150-lightning-electric-truck-towing-test/"The towing range of the electric F-150 is dismal. In MotorTrend testing, an F-150 Lightning Platinum saddled with a camper that nearly maxed out its 8,500-pound towing capacity couldn't even cover 100 miles. Range improved when we hooked up a significantly lighter trailer, but not by as much as you might expect."Ford had a golden opportunity here - Cybertruck was stuck in neutral for years, and who knows how many will ever be produced - but they effed it up.I don't know much about Rivians but a guy who owns one just moved into our neighborhood, so I'm gonna ask him a little about how it does in real-world driving. Unlike the Cybertruck, it's not ugly beyond words; and unlike the Lightning, it's actually been on the street for a bit.
I laughed when Apple released the airpods, they weren't better than the other stuff on the market and you had to carry the battery on your pocket in addition to your phone.Then, slowly, everyone started buying them after the initial flop.It's not easy to predict consumer trends. The average consumer is an irrational idiot.
I don't know much about Rivians but a guy who owns one just moved into our neighborhood, so I'm gonna ask him a little about how it does in real-world driving. Unlike the Cybertruck, it's not ugly beyond words; and unlike the Lightning, it's actually been on the street for a bit.
Production issues are 100% on Ford.The towing issues are not on Ford. Maybe, slightly on Ford, if you consider marketing/PR shortfalls. But towing with any EV is super difficult. When towing, at best, you'll probably only get 50% of max range. Consumers should be told this upfront or know it through their own research.It's really no different than some EV owners being shocked/surprised when highway or cold weather driving significantly lowers their range.I contend, beyond production issues, Ford did exactly as expected with an EV truck.
YMMV but of the 3 people I know who have owned a Rivian. 2 of them got rid of them and 1 owns multiple trucks but it’s not a regular usage vehicle for him. They didn’t love them and the cost didn’t justify what they got, in their opinion.
GM had a horrible earnings report, and is getting hurt badly by the UAW strike. Beyond that, it is proving to be not much of a challenger to Tesla in the EV realm.From the NYT's DealBook:G.M. abandoned a goal to build 400,000 electric vehicles by mid-2024, citing slower-than-expected growth in sales. The company, which has bet its future on its E.V. transition, also recently delayed an effort to expand electric pickup production. ...And finally … the carmaker’s Cruise autonomous vehicle division was kicked out of California. State regulators ordered Cruise to stop its driverless taxi service after a series of traffic mishaps. It’s bad news not only for G.M., which poured $700 million into the division in the most recent quarter, but also for the autonomous vehicle business more broadly.The other interesting reports after yesterday's market close involved AI. Microsoft has done a much better job out of monetizing it than Google has; MSFT is well up before the bell, and GOOGL is well down.
It's unfortunate regarding the EV stuff. Especially because, although the sales might be slow, it isn't typically the whole story. No surprise when you're only making luxury priced vehicles that demand isn't great. Add to that dealers marking up by $10k or more...you get this result.
https://finance.yahoo.com/news/great-wealth-transfer-isn-t-100000946.html
There will be a wealth transfer of a different kind when we boomers start kicking off at a bigly clip. Though this nugget was in the article:A survey from Alliant Credit Union finds that half of millennials think they’re inheriting at least $350,000 from their parents, while half of boomers report say they’ll give away less than $250,000.