Whether you own Tesla or Ford stock, dump it now.
Tesla Rival Nio Reportedly Prepares for U.S. Entry, Ramps Up Hiring (msn.com)
Tesla Rival Nio Reportedly Prepares for U.S. Entry, Ramps Up Hiring (msn.com)
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OT: the American auto industry is about to experience its death rattle. (link)
- Thread starter LookSharp
- Start date
I am sure American companies like GM and Ford will survive as they have made major investments in transitioning to electric cars. I am sure sales of electric F150 for Ford will do well. This is a sports board, not a place one should recommend stock purchases.
You're confused. This is NOT a sports board. This is a men's board (with a few women hanging out here) that we discuss everything men like to discuss and sports is one of those topics. Vehicles and investments are also two such topics. In general, most here are PSU alumns or fans with a few others thrown into the mix.
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It's a "sky is falling" OP. The article is about a Chinese "luxury" EV manufacturer. It's not is if they'll be able to enter the US market and all US companies will be required to shut down. Domestic brands are ramping up their R&D programs as well.
That said, a message board is the last place I'd be willing to give or receive stock advice. There is just too much smoke and mirrors out there. Do your own due diligence.
That said, a message board is the last place I'd be willing to give or receive stock advice. There is just too much smoke and mirrors out there. Do your own due diligence.
Other than just the plain old-fashioned fear induced sell signal, do you have a rational explanation with projected metrics that support your conclusion to sell, sell, sell?
If there's one constant, it's change. The automobile market is about to experience a Ford Model T-like disruption when Chinese-made vehicles start selling here. This isn't just about investing. But make no mistake, Tesla is no longer a growth stock. Moreover, I see investment advice dispensed here all the time.
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My brother in law is in auto sales and says the same thing but for different reasons. He says the market will soon be flooded with inventory.
Meanwhile, economic growth in China has been so strong that -- despite widening inequality -- the incomes of the bottom 50 percent have also “grown markedly,” the economists wrote. Their analysis found that the poorest half of Chinese workers saw their average income grow more than 400 percent from 1978 to 20015. For their American counterparts, income decreased 1 percent.
U.S. vs. China: Whose income inequality is worse? - CBS News
Everyone's time horizon is different. But there's no denying disruptions are coming to the domestic auto industry as this income inequality evens out.
That is not much of an analysis. Disclsoure: are you short TSLA and F?
Who would invest in "horseless carriages" in the first place? Damn new fangled noise makers will never catch on. Invest in horseshoes.
@Hotshoe may like this idea.
Damn you. Made coffee come out my nose when I read that! Funny.
Worked with Nio for several years .... a rudderless ship is how I would have describe them 3-5 years ago, at least in NA market.
Last I knew they were focusing on CH market.
Last I knew they were focusing on CH market.
Did you forget that we are all-knowing? Where else could I reasonably expect to get sound investment advice?
Pfffftttt...that's piddly for 18,000+ years
There's hardly any vehicles on lots where I live and from what he said some places are charging $5000 above sticker with no bargaining on the inventory they have. He said if the people buy those vehicles without gap insurance, they're crazy.
I hope your brother in law is right. I would like to buy a new car but the local dealers have none to sell. How soon does your brother in law think that dealers will be flooded with new cars? Did the manufacturers suddenly get lots of chips?
Apparently some manufacturers are now making their own. He says there are parking lots of vehicles that are already manufactured waiting for chips. I don't know a timetable or details. Take it for what it's worth as it's second hand info.
Heard a salesman on NPR say they’re getting $40,000 over retail for new Broncos. NFW.
Amazing because Denver sucks.
Roger That. I would have to be well beyond desperate to pay that type of premium on any car, let alone a Bronco.
Pushing 200,000 miles on the Toyota. Running like a champ since a tune-up a couple of months ago. C'mon Bessie! I know you can make it to 300,000.
Yes...one needs to come here for sound medical and investment advice. Why should I listen to my doc, a UPenn Med School grad, and my financial guy, Harvard educated, when I could come here and get it in a minutes notice!
How right you are. That's a great point. Why pay those "experts?" Like they know more than any of the various experts here or many others out there who have youtube channels and no degrees. And the advice and guidance is free! How do you beat that?
I kinda doubt anyone here would give you any advice. However, that's just my opinion.
Crazy. I'm assuming the buyer would have to have that $40,000 in pocket because a lender would laugh at that deal, especially for a Bronco.
I'm amazed at how many people have that type of liqudity at their disposal for an auto purchase.
If you were smart enough to accurately forecast what the market was going to do you wouldn't be posting your free advice here.
I want the names of those buyers. I have some bridges I’d like to sell them.
And these same people are also football coaching experts! What's truly a treat is that these same people never went to med school, probably never got an MBA, and never spent one day coaching football! But they have all the answers! Which is why I only really come here for the laughs...
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