Oso planning to go pro
So.......panic?
Yes, I can’t find coffee
The number one item I wanted to know about the cybertruck was the drag coefficient. Reported as .335. Very very good. Love the style or hate it, its form in fact does serve a purpose. That was my number one question Pushing a lot less air than its perceived rivals that favor traditional style over function/efficiency.
It looks like a pinewood derby car
TSLA, which was down about 2% yesterday, is down another 2.5% today.
It looks like something designed by a 4th grader using Minecraft.
Ford also blew its chance with the Lightning, which is a shame. They could have had a several-hundred-thousand EV truck headstart, which would have hurt Musk's "truck" even more. But Ford couldn't overcome numerous problems, and EVs as a whole have been bigly money-losers for the company.
Musk acknowledged that the Cybertruck was going to be an albatross. It achieved very few stated goals. Range, price, capability, all came up short. Meanwhile, the big 3 and Rivian all beat it to market. There is every chance the Cybertruck will be Tesla's Edsel. And they invested so much into it at the expense of improving and updating their existing vehicles and battery technology. As a car company, Tesla is going to need to improve.
Job growth still up, unemployment still too low. Rate hikes on the horizon? Or just seasonal staffing bumps?Lots of big shops have raced back into equities that I like: Pre-profit growth stage tech companies. That makes be think that lots of folk are betting that rake hikes are done.
I still think we've hit the end of the hike cycle, but it might take a little longer for them to come back down. There had been hope for lower rates starting in March, but maybe not till summer later? A pretty big chunk of the job gains are attributed to striking auto workers returning, so we'll see what future months look like.I'm not piling $$$ into the market, but I'm not really selling, either. Of course, I'm a boring, conservative, buy-and-holdish investor anyway.
https://www.cnbc.com/2023/12/08/excess-profits-of-big-firms-have-driven-up-inflation-report-claims.htmlAnother report pointing to price gouging as a factor in inflation
Greedflation is certainly a component. Along with a war in Ukraine, the Saudis choosing to help Putin on fuel output, lingering supply issues post COVID and pent up demand post COVID. IMO, A component, not THE component.
What about the direct stimulus payments to US citizens?