Ghostraiden64
commented on
EV question:
Why is it that no one seems to care that Nissan has been in the full-EV market for nearly a decade at this point? EV startups are discussed as if their pioneering an industry, but in actuality they're late to the party. Are EVs just priced in for Nissan, and we haven't sorted out the fair price of other manufacturers considering the EV market?
$NIO Inc (NIO.US)$
$Tesla (TSLA.US)$
$Lucid Group (LCID.US)$
$Rivian Automotive (RIVN.US)$
Why is it that no one seems to care that Nissan has been in the full-EV market for nearly a decade at this point? EV startups are discussed as if their pioneering an industry, but in actuality they're late to the party. Are EVs just priced in for Nissan, and we haven't sorted out the fair price of other manufacturers considering the EV market?
$NIO Inc (NIO.US)$
$Tesla (TSLA.US)$
$Lucid Group (LCID.US)$
$Rivian Automotive (RIVN.US)$
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Ghostraiden64
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America's billionaires have unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to the Bloomberg Billionaires Index.
Why are billionaires selling off their stocks?
One plausible explanation is that this is how they plan to pay their upcoming tax bills in the new year.Last month, the House of Representatives passed a superwealth surtax of 5% on income over $10 million and 3% more if it tops $25 million.
The surtax — which would take effect in 2022 and still has to make it through the Senate — applies to capital gains, meaning cashing out stock holdings would be pricier. In other words, billionaires have two more weeks to save up to 8% on their tax bills.
Another factor driving sales is that the Fed has to step in to cool down the overheated economy with tapering, could billionaires be selling off their stocks at the “top” before a market crash?
Also,billionaires could have a variety of personal reasons for selling now, including funding charitable endeavors, like Jeff Bezos.
Mooers, what do you think about the recent billionaire selloffs?![]()
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Source: Bloomberg, CNBC
Why are billionaires selling off their stocks?
One plausible explanation is that this is how they plan to pay their upcoming tax bills in the new year.Last month, the House of Representatives passed a superwealth surtax of 5% on income over $10 million and 3% more if it tops $25 million.
The surtax — which would take effect in 2022 and still has to make it through the Senate — applies to capital gains, meaning cashing out stock holdings would be pricier. In other words, billionaires have two more weeks to save up to 8% on their tax bills.
Another factor driving sales is that the Fed has to step in to cool down the overheated economy with tapering, could billionaires be selling off their stocks at the “top” before a market crash?
Also,billionaires could have a variety of personal reasons for selling now, including funding charitable endeavors, like Jeff Bezos.
Mooers, what do you think about the recent billionaire selloffs?
Source: Bloomberg, CNBC
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Ghostraiden64
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$Lucid Group (LCID.US)$ Will the Subpoena investigation affects any of Lucid's Stock performance?
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Ghostraiden64
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$Matterport (MTTR.US)$ good stock must wait , tats all i can say
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Ghostraiden64
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$Matterport (MTTR.US)$ This is such a great stock with such an amazing future ahead of it. This tech is going to be able to make it possible for bed ridden Individuals to have their own house that they could live in via the metaverse. I'll gladly Hodl this stock.
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Ghostraiden64
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Cathie Wood’s money managing firm Ark Invest on Thursday for the first time bought shares in the U.S. listed Chinese electric vehicle maker $XPeng (XPEV.US)$ on the dip and sold more shares in $Tesla (TSLA.US)$
Ark Invest picked up 277,263 shares — estimated to be worth $13.39 million — in the Guangzhou, China-based Xpeng.
Shares of the company closed 5.57% lower at $48.29 a share on Thursday. The stock has risen 9.50% so far this year.
The development comes a day after the China-based electric vehicle maker reported November deliveries that came ahead of local rivals $NIO Inc (NIO.US)$ and $Li Auto (LI.US)$
The three players delivered more than 10,000 electric vehicles each — with Xpeng leading the pack at 15,613 units, Li Auto grabbing the second spot at 13,485 units and Nio dispatching 10,878 units to dealers during the month.
This latest exposure in Xpeng will be the second such buy for Ark Invest in a pure play electric vehicle company, as it also owns shares in Elon Musk-led Tesla.
To be sure, Ark Invest also owns OTC shares of Chinese automaker $BYD Company ADR (BYDDY.US)$ , which is backed by $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ Chairman Warren Buffett.
A Tesla super-bull, Wood has been favouring the Musk led company and set a $3,000 price target for the electric vehicle stock by 2025. The popular money manager has however said she would not buy the recently listed $Rivian Automotive (RIVN.US)$ at the current levels.
Ark Invest picked up 277,263 shares — estimated to be worth $13.39 million — in the Guangzhou, China-based Xpeng.
Shares of the company closed 5.57% lower at $48.29 a share on Thursday. The stock has risen 9.50% so far this year.
The development comes a day after the China-based electric vehicle maker reported November deliveries that came ahead of local rivals $NIO Inc (NIO.US)$ and $Li Auto (LI.US)$
The three players delivered more than 10,000 electric vehicles each — with Xpeng leading the pack at 15,613 units, Li Auto grabbing the second spot at 13,485 units and Nio dispatching 10,878 units to dealers during the month.
This latest exposure in Xpeng will be the second such buy for Ark Invest in a pure play electric vehicle company, as it also owns shares in Elon Musk-led Tesla.
To be sure, Ark Invest also owns OTC shares of Chinese automaker $BYD Company ADR (BYDDY.US)$ , which is backed by $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ Chairman Warren Buffett.
A Tesla super-bull, Wood has been favouring the Musk led company and set a $3,000 price target for the electric vehicle stock by 2025. The popular money manager has however said she would not buy the recently listed $Rivian Automotive (RIVN.US)$ at the current levels.
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Ghostraiden64
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Ghostraiden64
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$Phunware (PHUN.US)$ it's going to be like last time. Don't chase it.
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Ghostraiden64 Pochong : Agree, I do not know why other trader’s promoting other EV stocks in here, it pissed me.