With a $40K EV credit, $TSLA Semi will be very cheap with a $150K starting price. This is the type of profitable volume that most analysts don’t include in their earnings ests but will be all incremental to 2023-2026 ests once this legislation passes.
https://t.co/Apubi6KigD
$TSLA in $650. “Yeah I can buy at $400”
$TSLA in $700. “It will crash down to $500 I can wait”
$TSLA in $750. “It will crash after earnings my money is ready!”
$TSLA in $800. “Earnings season, FOMC & recession I’m sure I can buy it at $400”
$TSLA in $900 “Fxxk it I’ll buy here”
The free market is the best way to incentivize the adoption of EVs, without ANY subsidies. Including coal, oil and gas.
The government are clueless as to where apply more energy into the supply chain. Of course, it's for the UAW anyway. No to save the world.
Schumer-Manchin Senate proposal restores EV credits:
- $7,500 EV credit for new
- $4,000 EV credit for used
- at point of purchase
- retroactive to 12/31/2021
- removes the 200,000 EV caps for all manufacturers, extends EV credit to 2032. https://t.co/e9RqSZS0VX
To understand $TWTR overhang on $TSLA shares:
1/ Elon may need to sell $9.2B additional TSLA shares to complete TWTR deal at $54.20/share; Every $1/share price reduction saves $0.7B.
2/ TWTR distraction as CEO: Ad-driven business; lack of cultural fit
3/ Loss in share of voice