Chris, long time reader here who agrees with your position on many things. I do not agree with you and Spiegel on Tesla.
I know the Twitter deal is currently on hold, (I still think Elon ends up buying at a renegotiated price) but you could at least mention that as the reason for him dumping billions of dollars in tesla stock after Q1. That is where the majority of his wealth is held, so of course he had to dump some of it. He still holds ~170 million shares, around 17% of the float.
How can Spiegel claim the Mach-E mustangs are better made when ford just recalled every single one they've ever delivered due to a problem of "losing power while moving?" Also could mention that there have only been ~50,000 made total. Not even gonna mention the geniuses at Ford completely trashing one of the most iconic car bodies in the world for whatever that abomination of a vehicle is supposed to be.
There are many other claims he makes I could refute, but I'd be typing all day. I agree Tesla is overvalued, but a lot of statements made by Spiegel here are just outright false. Tesla is still selling way more cars than it can make, till that changes I think you guys may be a little early on that blackberry take.
Should also mention the lockdown in Shanghai, the location of second most productive Gigafactory, and the effect on Q2 delivery numbers, but that would require Mark looking at Tesla objectively. Who knows, come back to this comment in a year and I may sound like a complete idiot, but it's always good to hear both sides of the narrative!
"Meanwhile, even last year when short-term rates were set at just 0.125% and average rates were around 1.5%, the gross interest on the $30 trillion of federal debt cost $573 billion, and that cost is now on a path to nearly double. "
Isn't it only the new debt that has to pay a higher rate? In that case, why couldn't the Fed keep rates higher for longer?
Chris, long time reader here who agrees with your position on many things. I do not agree with you and Spiegel on Tesla.
I know the Twitter deal is currently on hold, (I still think Elon ends up buying at a renegotiated price) but you could at least mention that as the reason for him dumping billions of dollars in tesla stock after Q1. That is where the majority of his wealth is held, so of course he had to dump some of it. He still holds ~170 million shares, around 17% of the float.
How can Spiegel claim the Mach-E mustangs are better made when ford just recalled every single one they've ever delivered due to a problem of "losing power while moving?" Also could mention that there have only been ~50,000 made total. Not even gonna mention the geniuses at Ford completely trashing one of the most iconic car bodies in the world for whatever that abomination of a vehicle is supposed to be.
There are many other claims he makes I could refute, but I'd be typing all day. I agree Tesla is overvalued, but a lot of statements made by Spiegel here are just outright false. Tesla is still selling way more cars than it can make, till that changes I think you guys may be a little early on that blackberry take.
Should also mention the lockdown in Shanghai, the location of second most productive Gigafactory, and the effect on Q2 delivery numbers, but that would require Mark looking at Tesla objectively. Who knows, come back to this comment in a year and I may sound like a complete idiot, but it's always good to hear both sides of the narrative!
"Meanwhile, even last year when short-term rates were set at just 0.125% and average rates were around 1.5%, the gross interest on the $30 trillion of federal debt cost $573 billion, and that cost is now on a path to nearly double. "
Isn't it only the new debt that has to pay a higher rate? In that case, why couldn't the Fed keep rates higher for longer?
https://wolfstreet.com/2022/08/03/markets-are-fighting-the-fed/