We are now seeing a boom market in the stock market (for BEV production) that has only been seen once in my lifetime … the “dot-com” craze. But, unlike Pets.com, this probably isn’t stopping. As I write this, in the last two weeks, Tesla has jumped nearly $400 a share. All stocks related to any aspect of BEV’s are rising. From chips to batteries, these are the hottest stocks since Apple. And unlike Apple, they’re not running out of gas. BYD (world’s 2nd largest BEV maker), Xpeng, Nio and other Chinese companies are growing as GM, Ford, Toyota, BMW and other car companies are completely freaking out as their market shrinks. Toyota and BMW are actually saying that buying BEV’s are actually bad, as they can’t compete with Tesla. Legacy car makers are poised to be crushed by cheaper non-union Chinese cars even as Congress tries to punish the most American car-maker … Tesla. As of this point, the trillion-dollar Tesla company is worth more than the other nine largest car companies … COMBINED. Musk is publicly mulling selling a tiny bit of his stock due to taxes, which ironically could buy a 50% stake in Ford. I don’t think he needs a hobby, which is what Ford would be for him.
So clearly, he knows how to make a business work, unlike government.
Instead of supporting Tesla, the Democrat congress and Biden is literally doing everything it can to hurt Tesla by trying to prop up the shoddy build-quality, union jobs by offering a “union-made tax credit.”. By doing this, they actually help the Chinese car companies by damaging the only American car company capable of competing with them. Wait, doesn’t Biden and his family have substantial business interests with the Chinese government? I’ve wondered why Tesla just doesn’t buy the mostly Mexican, Canadian and Chinese made GM and Ford brands to combat this. Fire everyone there and turn the plants into building something more modern like the upcoming $25,000 Tesla auto. This cuts the legs out from under Biden political cash cow, punishes the utterly corrupt Dems and forces the new employees to build something more worthy of “Made in the USA” moniker.
Ah, we can dream …