just bought a share of TSLA, questioning if i should put some into BTC. anyone buying stock of GM? thinking of maybe going that route for long term investment
I bought some $10c 2023 ford leaps a few months ago when they were under $1. Other than that I still have some NIO
GM being at around $40 right now i just feel is a pretty good deal for long term. i also know nothing fwiw
Why are you guys buying legacy car makers for long term? California is mandating all electric by 2033 or something like that. The rest of the country is going to follow.
All the manufacturers have electric vehicles out or coming out shortly. GM has the number 1 selling EV in China currently.
I like GM more for their light truck segment and recent improvements in economies of scale but I’ve got both GM and FCAU. I also have a few Chinese auto parts, a few tire companies, and a bunch of dealership stocks. Probably a bit too heavy into auto right now that I think about it.
gonna be interesting when the find out current electric generation can’t support the swap from gas to electric. Especially shutting down coal plants. Takes a long time to build generation assets. Green will not support the current needs much less the mass migration to ev.
Battery tech is also a giant obstacle. With current technology we'd need to cover a few states completely with batteries to get the storage capacity required for strictly green energy.
Actually all that would happen is instead of a peak demand during the day it would swap to night time with everyone charging their vehicles. At least thats what our analysis predicts. So plants that are load following currently will basically be base load as there isn't a curtailment in load. Vehicles that are on the chargers could potentially be used to help support the grid during the day is also whats being proposed in our ISO. ERCOT is fucked from what all I’ve seen.
What is ERCOT? Yea theoretically battery to grid could happen to support. Still think we will need to build out nuclear power with a wind/solar mix.
nuclear power plants are a 30 year project and as southern company showed end up being exponentially more expensive than planned.
One of the heads of Toyota would disagree. I assume you are in the utility business to some extent? I will tell you that the load shift would be dramatic and would require some growth in generation facilities. Wind and solar would not be generating for the most part at night at the time you would be charging these evs. Also there will be a tremendous need for daytime charging. This will drive the rollout of high speed chargers which have an amazingly high demand. A mass migration to ev is contrary to a shift from fossil fuel driven central station power. I think the shutdown of legacy coal plants while there aren’t new generation facilities being built will exacerbate the problem near term. I believe we will see nation wide a change in how residential consumers are billed for power and people won’t like it. A charge for the demand (peak kW) use as well as a real time time of use component is coming quickly.
ERCOT (Electric reliability counsel of Texas), is an ISO (independent system operator) of the whole texas grid. How they've had plants closing down the past few years leaves them extremely vulnerable to what happened in California if the wind isn't blowing since they've put all their eggs into that basket. Their reserves power is down into the low single digit percentage points so if a plant trips or has a liability and can't run at full power due to an equipment failure, etc. could cause grid curtailments and rolling blackouts. Gas plants and Coal are all closing down regularly in ERCOT because its not worth the penalties they are paying on the fuels commitment contracts on the amount of Coal/Natural Gas anticipated to be consumed in the upcoming year. Nuclear plants are base load and can't cycle up and down regularly because you have xenon gas which is a fission product poison to take into account. Xenon absorbs thermal neutrons before they can get to other uranium atoms to split them. Then if you lower power then raise it back up you have a xenon deficit, then surplus, before you get to equilibrium again. Basically you have to borate, or de-borate to keep a certain power level over 72 hours of load changes on a nuclear plant as that's how long it takes to get back to equilibrium (where you produce the same amount you burn up of the xenon). A 40 lb barrel of Boron 10 is stupid expensive. 1 gram of boron 10 is ~$100 per gram, 454 grams per 1 lb.... Also to be a load following plant you have to be dispatch-able where a grid operator is in control of your plant raising and lowering load and you can't do that with a nuclear reactor. I'll let you figure out if I'm in the utility industry.
You are a nuke plant guy aren’t you? Does that make you an operator or an engineer? I am on the distribution side.
Was in the nuke side, now in the fossil fuel side. I'm an engineer by degree but operator by profession.
My investment in VTSAX has grown by 5% in roughly one month. Market has been awesome in the last week or so.
I know you're supposed to sit back and in 30 years it has grown but I can't help but watch it every day.
We have a solar charger that keeps 4 EVs charged non stop. Granted we’re in Florida where there’s lots of sun and vehicles go less than 100 miles/day. But this is something we built.
I look at my brokerage accounts daily. I probably look at my 401k every month or so (only if the market has gone up).
I check my watch list on the CNBC app for Pre market first thing in the morning. When markets open I watch everything periodically throughout the day unless the markets are having a really bad day and then I’ll just ignore it to make sure I don’t do anything stupid
So I followed one guy’s tweet down a rabbit hole and bou did I get some takes. The hardcore consecutive Twitter penny stock furu crowd is apparently convinced everything comes crashing down this week. Got some guys shorting Apple, FB, Amazon, others predicting “acts of god”. Time to buy calls?
I watch CNBC premarket then refresh my portfolio no less than 15x a day. Yes I’m a long term ETF investor but I can’t help myself. Only days I really don’t look are when the market is tanking.
Dumped 80% of these at open. VIX is so elevated and price spiked up enough to minimize the damage. Would normally let these revert back to the mean, but this week is where I have had my correction potential set for and crypto selling off + recent narrative building has me suspicious so taking even more risk off the table. Still riding with Black America though.
I do not have Parler but i did see a video from it with a ton of shares. It was calling for the disciples to rise up on Jan 20th. There was reference to the attack on the White House as being a precursor to what is to come. Pretty scary shit that we have such stupid white trash in this country. And yes 99.99999% of the people who attacked the White House were white.
Please don't. You need to submit real ID to this lunatics to make an account and they're leaking now. Plus aws, apple, google have banned them so you probably can't anyway
Sadly it's not just white trash. I have seen some people with respectable backgrounds continue to fall for these trolls. Some of the stuff I have read is pure comedy. The Q thing has to be the biggest, most successful troll job of all time.