Thanks much, Jean!

Previous thread that has numerous other thread links:

                ANOTHER SPECTACULAR EV ROAD TRIP            

                            30 responses |        

                Started by 12345 - Jan. 5, 2024, 2:12 p.m.       

     https://www.marketforum.com/forum/topic/101621/

I was wondering what caused Tesla to suddenly spike higher last month as it appears to be in a death spiral. The article below explains it:

Tesla Stock's Tough Week Continues As Another Executive Leaves Company. Shares Continue To Test Support Level.

https://www.investors.com/news/tesla-stock-exec-leaves-shares-test-support/

Tesla (TSLA) stock is on pace to book a weekly loss after gaining a combined 22% in the previous two weeks. On Wednesday, another executive announced he had left the EV giant and Reuters reported that U.S. prosecutors were investigating whether Tesla deceived investors regarding Full Self-Driving (FSD) capabilities, potentially committing securities and wire fraud.

Tesla Stock Performance

TSLA shares jumped 7.7% last week to 181.19 after soaring 14.4% in the prior week. Tesla stock jumped 15.3% to 194.05 last Monday, making a decisive move above a key resistance level after regulators in China reportedly tentatively approved the introduction of FSD.

Since Tesla reported first-quarter earnings and revenue on April 23, Tesla has gained about 20%. Tesla stock hit a 52-week low of 138.80 on April 22. Shares are still down 30% in 2024 as of May 9.

Tesla stock price charts below:

https://tradingeconomics.com/tsla:us

1. 1 month-spike higher in late April on news above

2. 1 year-strong downtrend still intact

3. 5 years-spike higher November 2021, less than half that price today

It's always just been a matter of time!!!!!

https://wattsupwiththat.com/2024/05/08/post-ridiculous-evs/

+++++++++++++++++++

Wall Street Journal: Companies are Balking at the High Cost of Running Electric Trucks.

https://wattsupwiththat.com/2024/05/08/reassessing-electric-trucks-insights-from-a-wall-street-journal-report-on-economic-and-practical-limitations/

++++++++++++++++++++

Concerns Mount Over Exploding Electric Vehicles

https://dailysceptic.org/2024/05/08/concerns-mount-over-exploding-electric-vehicles/

https://wattsupwiththat.com/2024/05/09/concerns-mount-over-exploding-electric-vehicles/

This shows the recent decline in the share price of the American car hire giant Hertz. Back in 2021, the company pushed ahead with huge purchases of Teslas. In January it dumped 20,000 of them, and last month pushed another 10,000 onto a sagging second-hand market. Out in the real world – the world where people create wealth by providing what other people actually want – fewer drivers seemed willing to hire them. The share price tells its own sorry story. Meanwhile, EV sales across Europe tend to be driven by unsustainable tax breaks, while the cars are mainly popular with wealthy people as a second or third city runabout. An enforced political adoption of EVs is likely to destroy vast swathes of the European car industry, unable to compete with cheap Chinese imports. 

If the aim is to take away personal transport for the masses, EVs are an excellent idea. Whether that will ultimately play well at the ballot box is another matter.

Chris Morrison is the Daily Sceptic’s Environment Editor.

OOOOOOOPS~

US consumer sentiment drops to 6-month low on inflation, unemployment fears

John Deere is a real barometer for the ag industry. They layed off 200 and then 500 in the last few weeks

AREN'T A LOT OF JD EQUIPMENT MADE IN CHINA?

PRETTY SAD!

a lot? no not really. Some lawn and garden and utility, other than that none I know of

THANKS, MCFARM, THAT MAKES ME FEEL BETTER.

LAST I HEARD & READ ~ SIMPLICITY HAS GONE BY THE WAYSIDE TO CHINA.

JOHN DEERE GOES TO MEXICO  4 MINUTES

Retired John Deere employee on mass layoffs: 'It's going to be devastating'