patrick.net

HeadSet says

Eric Holder says

After hitting a closing high of $479.86 in mid-December, Tesla stock has nearly given up all its post-election gains, a loss of nearly 40%.

Quite a few stocks have given up their post-election gains. Mine are down over $100k from the week after the election.

That's a fact. But what's the reason? The market doesn't believe the horrible Buden economy we have now would improve soon?

RWSGFY says

But what's the reason?

Tarrifs will reduce profits. Because when they moved the factory to China, Mexico, etc. they didn't pass the savings into you.

Also, another good year in the market is unlikely after the last two good years.

Booger says

RWSGFY says

But what's the reason?

Tarrifs will reduce profits. Because when they moved the factory to China, Mexico, etc. they didn't pass the savings into you.

Also, another good year in the market is unlikely after the last two good years.

Agreed but it can be an ok year, mildly up if Trump acts with a bit of sensitivity.

Booger says

Tarrifs will reduce profits. Because when they moved the factory to China, Mexico, etc. they didn't pass the savings into you.

So it like Warren Buffet was right to go into cash.

HeadSet says

Booger says

Tarrifs will reduce profits. Because when they moved the factory to China, Mexico, etc. they didn't pass the savings into you.

So it like Warren Buffet was right to go into cash.

I think the market will be up moderately by end of year, 5%-15%, basically inflation adjustment. The US will be saving/gaining a lot of cash from deals, tariffs, DOGE etc. at the expense of an average labor market/UE and continued tighter capital conditions

MolotovCocktail says

I generally have no issue with Tesla as a product for 95% of people. I just can't do anything with a Tesla and I live out in the cornfields of IL. I also am 100% uncomfortable with a computer driving the car.

In rural areas there are situations where no sensor or computer could stop a major accident. The biggie, at least for me is blown stop signs with speeding cars. If the sensors can see through corn, eh maybe. But they have no utility besides moving a few people and groceries. I need a big SUV and worst case 10 min charge time to full battery and 400 miles with a trailer. Not happening.

If you're not comfy with a computer driving the car, better not fly on any commercial airplanes. It's over 95% autopilot driven. Could be 100% autopilot but Joe Six-pack ouldn't handle it. Sheesh, SpaceX launches and recovers Dragon spacecraft with humans aboard to the Space Station 100% on Autopilot. Astronauts trust the systems 100%.

Teslas actively monitor 360 degrees 100 times a second. No human can match that level of attention. You can find many videos of Teslas saving the day for pedestrians and drivers. Look up "tesla autopilot crash saves." Teslas are not perfect - but neither are drivers.

And please don't tell me "I'm better than most drivers on the road!" That's a conceit I dropped years ago.

rocketjoe79 says

Teslas actively monitor 360 degrees 100 times a second. No human can match that level of attention. You can find many videos of Teslas saving the day for pedestrians and drivers. Look up "tesla autopilot crash saves." Teslas are not perfect - but neither are drivers.

In cities and on the highways, yes. Not so much in the suburbs.

socal2 says

Absolutely worth it for the work Elon is doing dismantling all the Leftist slush funds and hollowing out the bureaucracy!

He failed and now he's out. The results are pathetic.

The US government spends $7T per year. Elon first promised to find $2T, then revised it to $1T, then revised it to $150B and out of the wall of receipts he posted only $60B appears to be more or less valid savings. So the whole supposedly giant waste, fraud and abuse in the US government amouned to 0.85%. Would anyone even care if they found that they wasted 0.85% of their spending on some bullshit? Would a guy spending $100K per year consider finding $850 in his sofa cushions a major life-changing event?

Much ado about nothing. This more or less amounts to "don't buy that Sbux latte and unplug all chargers" kind of savings.

Eric Holder says

He failed and now he's out. The results are pathetic.

Mush has been averaging about $40 billion per month in savings so at this rate DOGE may achieve $360 billion savings for Fiscal Year 2025 compared to Birdbrain Biden deficits of $1.65 trillion in 2023 and $1.9 trillion in 2024.

Maybe 2025 will be the first year that the deficit does not increase since 2000.

AD says

Eric Holder says

He failed and now he's out. The results are pathetic.

Mush has been averaging about $40 billion per month in savings so at this rate DOGE may achieve $360 billion savings for Fiscal Year 2025

Dude, he himself says he projects only $150B. And we all know what Musk's projections really worth. Underpomise and overdiver is not his SOP, it's the opposite.

Let it go: the pie in the sky is not edible.

https://doge-tracker.com/
$160 Bn isn't pocket change, but it's not a trillion, either. I expect slow and steady progress.
I think DOGE reports fraud, waste and abuse, but has no authority to recover or stop practices. That takes executive action, such as executive order, or, such as when Rubio was placed in charge of USAID. He had the positional authority to fire people and stop payments at the Agency level. Cuts and firings are happening at HHS, Education, DOD - just about every cabinet level post.

It'll take Legislative action to codify what has been discovered into law to prevent further abuse. Even then, continued Republican domination at the ballot box will have to happen to really cement the changes. I hope for Vance for 8 years, and folks like AOC and the Squad, and Senator Murkowski, ousted, for starters.

To continue the decent into Banana Republic status, the State of Washington implemented a tax on EV credits, but only for manufacturers that exceed 25000 units per year (so this only affects Tesla).

Not to be out done, the State of New York is trying to revoke the license of Tesla dealerships throughout the State.

A new level of filth.

RWSGFY says

Dude, he himself says he projects only $150B. And we all know what Musk's projections really worth. Underpomise and overdiver is not his SOP, it's the opposite.

Let it go: the pie in the sky is not edible.

Still bitching about this? Did your cushy NGO gig get cancelled or something?

I totally get why Leftists are pissed about DOGE by losing their gravy train and influence, but I can't understand why anyone Right of Center or Libertarian would be so critical - even if Musk overpromised at the start. The Democrats are doing everything they can through the courts to stop DOGE and it has only been a few months.

Even when Musk steps back, DOGE isn't going away during Trump's term and will hopefully continue to shine a light on our government's massive spending abuses to continue to build the case of transparency and reform.

Musk is the latest incarnation of Steve Jobs. Reality distortion is the method - sometimes it gets people to transcend themselves like in a cult and deliver really good shit. Most times it fails miserably.

socal2 says

Still bitching about this? Did your cushy NGO gig get cancelled or something?

Wow, you seem very butthurt about this. Yes, being bamboozled hurts, but there is no need to lash out at the messenger.

Eric Holder says

Wow, you seem very butthurt about this. Yes, being bamboozled hurts, but there is no need to lash out at the messenger.

Not butthurt at all.

Just confused why anyone who is not on the take or not a Leftist would be upset about or even mock the efforts of DOGE. Especially this early in the process with so many judges trying to gum up the works.

socal2 says

Eric Holder says

Wow, you seem very butthurt about this. Yes, being bamboozled hurts, but there is no need to lash out at the messenger.

Not butthurt at all.

Just confused why anyone who is not on the take or not a Leftist would be upset about or even mock the efforts of DOGE. Especially this early in the process with so many judges trying to gum up the works.

I don't think we're all that way. I have no issue with Musk. I just won't buy his cars. They're city cars and provide no utility for my needs. Not even debatable if you lived my life or my wife's. There're not practical cars for 20% at least of the population. Nothing to do with the person.

Build a house. Don't think people have realized how ape shit the government has gotten. Nothing to do with Musk or Tesla. Make a guess what R value my ceiling insulation HAS to be? Regulations and codes are killing innovation. I should be able to set the heat to 56 and wear a jacket inside if I want.

I won't be able to put boards down for storage even though we have attic access. It will be that thick. I'm heating my garage as well. Nothing is above it.

There's a reason shit is so expensive. I have to put double the insulation in my attic. I wanna see what people guess on the R value before I tell.

WookieMan says

I wanna see what people guess on the R value before I tell.

I'll start the bidding - R60.

stereotomy says

WookieMan says

I wanna see what people guess on the R value before I tell.

I'll start the bidding - R60.

Do you live in Canada? lol.

The problem with overdoing joist/roof insulation is moisture at least here in IL. Any moisture in the roof from winter or summer and you've got mold. It's not 60 is all I'll say for now. That's high. Not building a sauna house, though I do want a sauna.

WookieMan says

I wanna see what people guess on the R value before I tell.

R49 or R38, depending on how you do the eaves.