Chin88 personal page - To The Moon

Chin88

Chin88

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01-13

[Miser] [Miser] [Miser] [Miser] [Miser] [Happy] [Happy] [Happy] [Happy] [Happy]

01-12

Good [Miser] [Miser] [Miser] [Miser] [Miser] [Happy] [Happy] [Happy] [Happy] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-12

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Miser] [Miser] [Miser] [Miser] [Miser]

01-11

[Miser] [Miser] [Miser] [Miser] [Miser] [Happy] [Happy] [Happy] [Happy] [Happy]

01-10

[Miser] [Miser] [Miser] [Miser] [Miser] [Cool] [Cool] [Cool] [Cool] [Cool]

01-09

[Cool] [Cool] [Cool] [Cool] [Cool] [Miser] [Miser] [Miser] [Miser] [Miser] [Happy] [Happy]

01-08

[Miser] [Miser] [Miser] [Miser] [Miser] [Miser] [Cool] [Cool] [Cool] [Cool] [Cool]

01-07

[Tongue] [Cool] [Cool] [Cool] [What] [Miser] [Miser] [Miser] [Miser] [Miser]

01-06

[Miser] [Miser] [Miser] [Miser] [Miser] [Miser] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-05

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [What] [What] [What] [Miser] [Miser] [Miser] [Miser] [Miser]

01-04

[Miser] [Miser] [Miser] [Miser] [Miser] [Tongue] [Cool] [Cool] [Tongue] [Tongue]

01-03

[Miser] [Miser] [Miser] [Miser] [Miser] [Miser] [Cool] [Cool] [Cool] [Cool] [Tongue] [Cool]

01-02

[Miser] [Miser] [Miser] [Miser] [Miser] [Happy] [Happy] [Happy] [Happy] [Miser]

01-01

[Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Miser] [Miser] [Miser] [Miser] [Miser] [Miser]

2023-12-30

[Miser] [Miser] [Miser] [Miser] [Miser] [Cool] [Cool] [Cool] [Cool] [Cool]

2023-12-29

[Cool] [Cool] [Cool] [Cool] [Miser] [Miser] [Miser] [Miser] [Miser] [Miser]

2023-12-28

[Cool] [Cool] [Cool] [Cool] [Cool] [Miser] [Miser] [Miser] [Miser] [Miser]

2023-12-27

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Miser] [Miser] [Miser] [Miser] [Miser] [Miser]

2023-12-25

[Cool] [Cool] [Cool] [Cool] [Miser] [Miser] [Miser] [Miser]

2023-12-24

[Miser] [Miser] [Miser] [Miser] [Miser] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy]

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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1648917046,"share":"https://www.laohu8.com/m/news/1164394533?lang=&edition=full","pubTime":"2022-04-03 00:30","market":"us","language":"en","title":"Tesla Delivers 310,048 Electric Vehicles in the First Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=1164394533","media":"Tiger Newspress","summary":"$Tesla$ just reported first-quarter vehicle production and delivery numbers for 2022.Here’s how they did.Electric vehicle deliveries : 310,048Electric vehicle production : 305,407Over the same period last year, Tesla delivered 184,800 electric vehicles and produced 180,338 cars.Tesla said it sold a total of 295,324 Model 3 sedans and Model Y sport utility vehicles, while it delivered 14,724 Model S luxury sedans and Model X premium SUVs.The company recently opened a new factory in Brandenburg, G","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> just reported first-quarter vehicle production and delivery numbers for 2022.</p><p>Here’s how they did.</p><p><b>Electric vehicle deliveries (total): 310,048</b></p><p><b>Electric vehicle production (total): 305,407</b></p><p>Over the same period last year, Tesla delivered 184,800 electric vehicles and produced 180,338 cars.</p><p>Tesla said it sold a total of 295,324 Model 3 sedans and Model Y sport utility vehicles, while it delivered 14,724 Model S luxury sedans and Model X premium SUVs.</p><p>The company recently opened a new factory in Brandenburg, Germany, and had a ribbon-cutting ceremony on March 22. Tesla also plans to host a grand opening and “cyber rodeo” event on April 7, at another new vehicle assembly plant it’s building in Austin, Texas.</p><p>Tesla moved its headquarters to Austin officially as of Dec. 1, but still operates its first electric car factory in Fremont, California.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Delivers 310,048 Electric Vehicles in the First Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Delivers 310,048 Electric Vehicles in the First Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-03 00:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> just reported first-quarter vehicle production and delivery numbers for 2022.</p><p>Here’s how they did.</p><p><b>Electric vehicle deliveries (total): 310,048</b></p><p><b>Electric vehicle production (total): 305,407</b></p><p>Over the same period last year, Tesla delivered 184,800 electric vehicles and produced 180,338 cars.</p><p>Tesla said it sold a total of 295,324 Model 3 sedans and Model Y sport utility vehicles, while it delivered 14,724 Model S luxury sedans and Model X premium SUVs.</p><p>The company recently opened a new factory in Brandenburg, Germany, and had a ribbon-cutting ceremony on March 22. Tesla also plans to host a grand opening and “cyber rodeo” event on April 7, at another new vehicle assembly plant it’s building in Austin, Texas.</p><p>Tesla moved its headquarters to Austin officially as of Dec. 1, but still operates its first electric car factory in Fremont, California.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164394533","content_text":"Tesla just reported first-quarter vehicle production and delivery numbers for 2022.Here’s how they did.Electric vehicle deliveries (total): 310,048Electric vehicle production (total): 305,407Over the same period last year, Tesla delivered 184,800 electric vehicles and produced 180,338 cars.Tesla said it sold a total of 295,324 Model 3 sedans and Model Y sport utility vehicles, while it delivered 14,724 Model S luxury sedans and Model X premium SUVs.The company recently opened a new factory in Brandenburg, Germany, and had a ribbon-cutting ceremony on March 22. Tesla also plans to host a grand opening and “cyber rodeo” event on April 7, at another new vehicle assembly plant it’s building in Austin, Texas.Tesla moved its headquarters to Austin officially as of Dec. 1, but still operates its first electric car factory in Fremont, California.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004272866,"gmtCreate":1642633680554,"gmtModify":1676533729120,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004272866","repostId":"2204320050","repostType":4,"repost":{"id":"2204320050","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1642629300,"share":"https://www.laohu8.com/m/news/2204320050?lang=&edition=full","pubTime":"2022-01-20 05:55","market":"us","language":"en","title":"US STOCKS-Wall Street Sell-Off Deepens, Nasdaq Confirms Correction","url":"https://stock-news.laohu8.com/highlight/detail?id=2204320050","media":"Reuters","summary":"* Nasdaq now down 10.7% from Nov 19 record close* BofA, Morgan Stanley wrap up bank earnings on upbe","content":"<html><head></head><body><p>* Nasdaq now down 10.7% from Nov 19 record close</p><p>* BofA, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> wrap up bank earnings on upbeat note</p><p>* Procter &amp; Gamble gains after raising outlook</p><p>* Indexes down: Dow 0.96%, S&amp;P 0.97%, Nasdaq 1.15%</p><p>Jan 19 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher U.S. Treasury yields and the Federal Reserve tightening monetary policy.</p><p>The Nasdaq ended down 10.7% from its Nov. 19 closing record high, as stocks sold off into the market close. A correction is confirmed when an index closes 10% or more below its record closing level.</p><p>The Nasdaq&#39;s last correction was in early 2021, when the tech-heavy index fell more than 10% from Feb. 12 to March 8. It was the fourth time in the two years</p><p>since the coronavirus pandemic shook global markets that the index has found itself in a correction.</p><p>On Wednesday, Apple    shares fell 2.1%, weighing most on the Nasdaq, while declines in Tesla    and Amazon also dragged on the index.</p><p>Stocks have gotten off to a rocky start in 2022, as a fast rise in Treasury yields amid concerns the Fed will become aggressive in controlling inflation has particularly hit tech and growth shares. The benchmark S&amp;P 500 is down about 5% so far this year.</p><p>“Any beginning of tightening often results in significant volatility and I think there is always that risk that there is a policy error and it ends the economic cycle,&#34; said Kristina Hooper, chief global market strategist at Invesco. &#34;So we just have a lot of apprehension.”</p><p>The Dow Jones Industrial Average    fell 339.82 points, or 0.96%, to 35,028.65, the S&amp;P 500    lost 44.35 points, or 0.97%, to 4,532.76 and the Nasdaq Composite    dropped 166.64 points, or 1.15%, to 14,340.26.</p><p>Consumer discretionary    fell most among S&amp;P 500 sectors, dropping 1.8%, while financials    dropped about 1.7% and technology    slid 1.4%.</p><p>The small-cap Russell 2000    fell 1.6%.</p><p>Stocks had tumbled on Tuesday, with the Nasdaq falling 2.6%, after weak results from Goldman Sachs and a spike in Treasury yields. U.S. Treasury yields eased on Wednesday from two-year highs.</p><p>Investors are looking to next week&#39;s Fed policy meeting for more clarity on central bankers&#39; plans to rein in inflation. Data last week showed U.S. consumer prices increased solidly in December, culminating in the largest annual rise in inflation in nearly four decades.</p><p>&#34;There&#39;s a fair amount of anxiety in terms of how the next three to six months are going to play out with a rate-hike cycle set to start likely in March,&#34; said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.</p><p>In company news, shares of Procter &amp; Gamble    rose 3.4% after the consumer goods company bumped up its annual sales forecast.</p><p>$Bank of America Corp(BAC-N)$    reported a better-than-expected 30% jump in quarterly profit, while Morgan Stanley    also reported fourth-quarter profit which beat market expectations, following uneven results from other banks. Bank of America shares rose 0.4%, while Morgan Stanley shares gained 1.8%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.09-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 13 new 52-week highs and seven new lows; the Nasdaq Composite recorded 23 new highs and 630 new lows.</p><p>About 11.4 billion shares changed hands in U.S. exchanges, compared with the 10 billion daily average over the last 20 sessions.</p><p>Nasdaq confirms fourth correction since pandemic hit.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Sell-Off Deepens, Nasdaq Confirms Correction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Sell-Off Deepens, Nasdaq Confirms Correction\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-20 05:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Nasdaq now down 10.7% from Nov 19 record close</p><p>* BofA, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> wrap up bank earnings on upbeat note</p><p>* Procter &amp; Gamble gains after raising outlook</p><p>* Indexes down: Dow 0.96%, S&amp;P 0.97%, Nasdaq 1.15%</p><p>Jan 19 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher U.S. Treasury yields and the Federal Reserve tightening monetary policy.</p><p>The Nasdaq ended down 10.7% from its Nov. 19 closing record high, as stocks sold off into the market close. A correction is confirmed when an index closes 10% or more below its record closing level.</p><p>The Nasdaq&#39;s last correction was in early 2021, when the tech-heavy index fell more than 10% from Feb. 12 to March 8. It was the fourth time in the two years</p><p>since the coronavirus pandemic shook global markets that the index has found itself in a correction.</p><p>On Wednesday, Apple    shares fell 2.1%, weighing most on the Nasdaq, while declines in Tesla    and Amazon also dragged on the index.</p><p>Stocks have gotten off to a rocky start in 2022, as a fast rise in Treasury yields amid concerns the Fed will become aggressive in controlling inflation has particularly hit tech and growth shares. The benchmark S&amp;P 500 is down about 5% so far this year.</p><p>“Any beginning of tightening often results in significant volatility and I think there is always that risk that there is a policy error and it ends the economic cycle,&#34; said Kristina Hooper, chief global market strategist at Invesco. &#34;So we just have a lot of apprehension.”</p><p>The Dow Jones Industrial Average    fell 339.82 points, or 0.96%, to 35,028.65, the S&amp;P 500    lost 44.35 points, or 0.97%, to 4,532.76 and the Nasdaq Composite    dropped 166.64 points, or 1.15%, to 14,340.26.</p><p>Consumer discretionary    fell most among S&amp;P 500 sectors, dropping 1.8%, while financials    dropped about 1.7% and technology    slid 1.4%.</p><p>The small-cap Russell 2000    fell 1.6%.</p><p>Stocks had tumbled on Tuesday, with the Nasdaq falling 2.6%, after weak results from Goldman Sachs and a spike in Treasury yields. U.S. Treasury yields eased on Wednesday from two-year highs.</p><p>Investors are looking to next week&#39;s Fed policy meeting for more clarity on central bankers&#39; plans to rein in inflation. Data last week showed U.S. consumer prices increased solidly in December, culminating in the largest annual rise in inflation in nearly four decades.</p><p>&#34;There&#39;s a fair amount of anxiety in terms of how the next three to six months are going to play out with a rate-hike cycle set to start likely in March,&#34; said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.</p><p>In company news, shares of Procter &amp; Gamble    rose 3.4% after the consumer goods company bumped up its annual sales forecast.</p><p>$Bank of America Corp(BAC-N)$    reported a better-than-expected 30% jump in quarterly profit, while Morgan Stanley    also reported fourth-quarter profit which beat market expectations, following uneven results from other banks. Bank of America shares rose 0.4%, while Morgan Stanley shares gained 1.8%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.09-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 13 new 52-week highs and seven new lows; the Nasdaq Composite recorded 23 new highs and 630 new lows.</p><p>About 11.4 billion shares changed hands in U.S. exchanges, compared with the 10 billion daily average over the last 20 sessions.</p><p>Nasdaq confirms fourth correction since pandemic hit.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2204320050","content_text":"* Nasdaq now down 10.7% from Nov 19 record close* BofA, Morgan Stanley wrap up bank earnings on upbeat note* Procter & Gamble gains after raising outlook* Indexes down: Dow 0.96%, S&P 0.97%, Nasdaq 1.15%Jan 19 (Reuters) - Wall Street's main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher U.S. Treasury yields and the Federal Reserve tightening monetary policy.The Nasdaq ended down 10.7% from its Nov. 19 closing record high, as stocks sold off into the market close. A correction is confirmed when an index closes 10% or more below its record closing level.The Nasdaq's last correction was in early 2021, when the tech-heavy index fell more than 10% from Feb. 12 to March 8. It was the fourth time in the two yearssince the coronavirus pandemic shook global markets that the index has found itself in a correction.On Wednesday, Apple    shares fell 2.1%, weighing most on the Nasdaq, while declines in Tesla    and Amazon also dragged on the index.Stocks have gotten off to a rocky start in 2022, as a fast rise in Treasury yields amid concerns the Fed will become aggressive in controlling inflation has particularly hit tech and growth shares. The benchmark S&P 500 is down about 5% so far this year.“Any beginning of tightening often results in significant volatility and I think there is always that risk that there is a policy error and it ends the economic cycle,\" said Kristina Hooper, chief global market strategist at Invesco. \"So we just have a lot of apprehension.”The Dow Jones Industrial Average    fell 339.82 points, or 0.96%, to 35,028.65, the S&P 500    lost 44.35 points, or 0.97%, to 4,532.76 and the Nasdaq Composite    dropped 166.64 points, or 1.15%, to 14,340.26.Consumer discretionary    fell most among S&P 500 sectors, dropping 1.8%, while financials    dropped about 1.7% and technology    slid 1.4%.The small-cap Russell 2000    fell 1.6%.Stocks had tumbled on Tuesday, with the Nasdaq falling 2.6%, after weak results from Goldman Sachs and a spike in Treasury yields. U.S. Treasury yields eased on Wednesday from two-year highs.Investors are looking to next week's Fed policy meeting for more clarity on central bankers' plans to rein in inflation. Data last week showed U.S. consumer prices increased solidly in December, culminating in the largest annual rise in inflation in nearly four decades.\"There's a fair amount of anxiety in terms of how the next three to six months are going to play out with a rate-hike cycle set to start likely in March,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.In company news, shares of Procter & Gamble    rose 3.4% after the consumer goods company bumped up its annual sales forecast.$Bank of America Corp(BAC-N)$    reported a better-than-expected 30% jump in quarterly profit, while Morgan Stanley    also reported fourth-quarter profit which beat market expectations, following uneven results from other banks. Bank of America shares rose 0.4%, while Morgan Stanley shares gained 1.8%.Declining issues outnumbered advancing ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.09-to-1 ratio favored decliners.The S&P 500 posted 13 new 52-week highs and seven new lows; the Nasdaq Composite recorded 23 new highs and 630 new lows.About 11.4 billion shares changed hands in U.S. exchanges, compared with the 10 billion daily average over the last 20 sessions.Nasdaq confirms fourth correction since pandemic 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buy","images":[{"img":"https://community-static.tradeup.com/news/e5399d3567efce0b335dcd3a8401c91b","width":"1080","height":"1909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9968341273","isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9061881009,"gmtCreate":1651613626235,"gmtModify":1676534933668,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>[Miser]&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>[Miser]&nbsp;","text":"$Tesla Motors(TSLA)$[Miser]","images":[{"img":"https://community-static.tradeup.com/news/879dd0a1c240702bb6fcac9d18cb8660","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061881009","isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9928403912,"gmtCreate":1671332710036,"gmtModify":1676538525455,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Who have extra Tiger card number 1","listText":"Who have extra Tiger card number 1","text":"Who have extra Tiger card number 1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9928403912","isVote":1,"tweetType":1,"viewCount":1066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986191495,"gmtCreate":1666910680817,"gmtModify":1676537827532,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ZIM\">$以星航运(ZIM)$</a>up","listText":"<a href=\"https://ttm.financial/S/ZIM\">$以星航运(ZIM)$</a>up","text":"$以星航运(ZIM)$up","images":[{"img":"https://community-static.tradeup.com/news/bcc2f4034e0fe0b6eb4efe72d801f210","width":"1080","height":"2102"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986191495","isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9907919158,"gmtCreate":1660124789176,"gmtModify":1703478163418,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907919158","repostId":"1157330995","repostType":4,"repost":{"id":"1157330995","pubTimestamp":1660145407,"share":"https://www.laohu8.com/m/news/1157330995?lang=&edition=full","pubTime":"2022-08-10 23:30","market":"us","language":"en","title":"Tesla: The EV Tax Credit Is A Huge Catalyst","url":"https://stock-news.laohu8.com/highlight/detail?id=1157330995","media":"Seeking Alpha","summary":"SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Recently the U.S. Senate Passed the Inflation Reduction Act.</li><li>The act removes the 200,000 unit sales cap for electric vehicle &#34;EV&#34; tax credits.</li><li>The act still has to be passed by the House of Representatives to become law.</li><li>If it passes, it will be a huge catalyst for Tesla, which will once again be eligible for Federal tax credits.</li><li>Many Tesla models meet the Act&#39;s strict U.S. sourcing requirements; most competitors&#39; offerings don&#39;t.</li></ul><p>This past Sunday, the U.S. Senate passed the Inflation Reduction Act, a spending bill containing a variety of climate change related measures. Among the most discussed measures in the bill is a change to the electric vehicle (“EV”)tax credit. Under previous rules, a company would lose its eligibility for EV credits after selling its 200,000th car. Tesla (NASDAQ:TSLA) crossed the 200,000 car threshold in 2018, and its tax credits were phased out over three years. By early 2022, Teslas were no longer eligible for the tax credit.</p><p>With the passage of the Inflation Reduction Act, that has changed. The current version of the act, which will be debated by the House of Representatives this week, removes the 200,000 car limit for credit eligibility. Now, buyers of some Tesla models can enjoy the full $7,500 credit toward the purchase of their vehicles. There are some limits to this – the credit applies to sedans up to $55,000 and SUVs up to $80,000– but many Teslas will be eligible. The EV tax credit notably requires that the vehicle&#39;s battery be40% sourced from the U.S. or allies- Tesla&#39;s Model S meets this standard, most competitors&#39; offerings don&#39;t.</p><p><img src=\"https://static.tigerbbs.com/c4475ae62d8d2254828c81b2e64dc19b\" tg-width=\"640\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Model 3 meets the standard, most don&#39;t(roadandtrack.com)</p><p>This is great news for a company that some say was built on government subsidies. Many of Elon Musk’s critics allege that Tesla has been taking enormous amounts of government assistance over the years. When we dig into the details, we see that Tesla did benefit from the EV tax credit in its early days. Furthermore, it benefits from similar credits in other countries today. The point about Tesla’s reliance on tax breaks can be overstated, but there’s no doubt that when a consumer gets a tax break for buying an EV, they’re more likely to buy one.</p><p>Given that Tesla has the most brand awareness of all the major EV companies, it benefits from consumers being incentivized to buy EVs. According to a 2018 Energy Policy article, every $1,000 in EV credits leads to a 2.6% increase in EV sales. With Tesla having a large share of the U.S. EV market, it’s likely to gain revenue from the revamped tax credit. This credit could therefore serve as a catalyst improving Tesla’s business performance in the second half. However, as I’ll demonstrate shortly, this catalyst alone doesn’t automatically make the stock a great value.</p><p><b>How the EV Tax Credit Works</b></p><p>To understand how the revamped EV tax credit helps Tesla, we need to know how the credit works. The EV tax credit has been around in some form since 2009, having been announced in 2008’s Energy Improvement and Extension Act. The way credit works has changed since it was first introduced.</p><p>The way the credit originally worked was like this:</p><p>Every electric vehicle got a base credit of $2,500. A person buying any EV would get $2,500 plus an extra $417 per kilowatt-hour of battery capacity. For passenger cars, this increase in credits continued up until $7,500 worth of tax credits were earned. Any American who bought an EV would get to claim this credit on their taxes and deduct the appropriate percentage of $7,500 from their income.</p><p>The EV tax credit also had a cap on how many cars a manufacturer could sell and still be eligible for the credit. Once a manufacturer surpassed 200,000 cars sold in the United States, their tax credits would be phased out over three years. Tesla hit the 200,000 car milestone in 2008. Its tax credits were phased out on the schedule shown below:</p><p><img src=\"https://static.tigerbbs.com/61a30d4a86130928bc8262cb7df92850\" tg-width=\"872\" tg-height=\"298\" referrerpolicy=\"no-referrer\"/></p><p>Tesla&#39;s EV credit phase out(Tesla)</p><p>As the table above shows, all of the credits on Tesla models S, X and 3 were phased out by the end of 2019. This was where things stood for most of the last two years: Teslas weren’t eligible for the credit. Technically, this is still the case, but the Inflation Reduction Act looks quite likely to pass. The Act passed 51-50 in the Senate, and is heading to the House of Representatives for review this week. If it passes, then Teslas will be eligible for the EV tax credit once more. The version of the Act that passed in the Senate puts no cap on how many EVs a manufacturer can sell, so not only will Tesla buyers get the credit again, they’ll continue to get it indefinitely. To top it off: there are Tesla models that meet the act&#39;s strict sourcing requirements, while many competitors&#39; offerings don&#39;t make the grade.</p><p><b>Business Implications</b></p><p>Tesla regaining the EV tax credit has important business implications. Academic research suggests that every $1,000 worth of EV tax credits drives a2.6% increase in EV sales. As an example, if we have a country where 100,000 EVs are being sold per year, then adding a $1,000 credit increases sales to 102,600. The higher the dollar value of the credit, the more the sales increase. The research I’m citing doesn’t say whether the effect increases linearly or compounds with the size of the credit. If the effect is linear, then a $7,500 credit would increase the number of vehicles sold by 19,500. If it compounds, then it adds 21,228 extra sales. Either way, we should see a significant boost in sales from a $7,500 tax credit.</p><p>Furthermore, we would expect Tesla to gain from this disproportionately. Many of Tesla’s competitors haven’t shipped 200,000 cars yet, but Tesla has.<b>Lucid</b>(LCID) is aiming for14,000 cumulative deliveries by year’s end, <b>Ford</b>(F) has sold 37,000 or so, <b>Rivian</b>(RIVN) has only delivered a handful of cars to employees. None of these companies are anywhere near the 200,000 deliveries threshold, so they’re getting the credit already. Tesla, on the other hand, passed the threshold in 2018, so it will be eligible for the credit again. Therefore, we’d expect the Inflation Reduction Act to boost Tesla’s sales while leaving its competitors’ sales unchanged.</p><p><b>Tesla’s Valuation</b></p><p>Valuing a company like Tesla is always tough. The company has historically had high growth, which makes estimating its future cash flows difficult. Nevertheless, we can safely assume that, with its tax credits back, Tesla will grow faster than it would have without them. So, we can start by making a projection of Tesla’s revenue and build a discounted cash flow model from there.</p><p>According to Seeking Alpha Quant, Tesla’s five year CAGR revenue growth rate is 46%. The rate in the most recent quarter was 43%. We have indications that the growth rate will slow down. First, the most recent quarterly growth rate is lower than the five year rate. Second, the five year growth rate is only half the 10 year growth rate. It wouldn’t be conservative to assume that TSLA can keep up 43% growth forever. So, I’ll use Valuates Report’s 18.2% CAGR EV industry forecast as my revenue growth estimate. However, to account for the bullish impact of the EV tax credits Tesla is about to get, I’ll add an extra 19.5% on to the first year’s growth. So the first year will see 41.2% growth (1.182 times 1.195), followed by 18.2% growth thereafter. Tesla’s revenue for the trailing 12 month period is $67.1 billion, so we get:</p><ul><li><p>Base year: $67.1B.</p></li><li><p>Year 1: $94.74B.</p></li><li><p>Year 2: $112B.</p></li><li><p>Year 3: $132B.</p></li><li><p>Year 4: $156B.</p></li><li><p>Year 5: $185B.</p></li></ul><p>This gives us an overall CAGR growth rate of 22%. With that established, we can look at costs. Tesla had $48 billion in cost of goods sold (“COGS”) in the last 12 months. COGS scales up directly with revenue so I’ll assume that this portion of costs rises at 22%. Tesla’s operating costs have risen at 20% CAGR over the last five years, so I’ll assume they continue growing at that rate. Tesla’s tax rate in the trailing 12 month period was 10%, but I’ll up that to 15% to account for the new minimum tax included in the Inflation Reduction Act. Finally, I’ll add in non-cash costs at 6% of revenue (the percentage in the trailing 12 month period) to get a model that approximates cash from operations (“CFO”).</p><table><tbody><tr><td><p>Year 1</p></td><td><p>Year 2</p></td><td><p>Year 3</p></td><td><p>Year 4</p></td><td><p>Year 5</p></td></tr><tr><td><p>Revenue</p></td><td><p>$94.74B</p></td><td><p>$112B</p></td><td><p>$132B</p></td><td><p>$156B</p></td><td><p>$185B</p></td></tr><tr><td><p>COGS</p></td><td><p>$69B</p></td><td><p>$81.6B</p></td><td><p>$96.5B</p></td><td><p>$114B</p></td><td><p>$135B</p></td></tr><tr><td><p>Operating costs</p></td><td><p>$8.76B</p></td><td><p>$10.5B</p></td><td><p>$12.6B</p></td><td><p>$15B</p></td><td><p>$18B</p></td></tr><tr><td><p>EBIT</p></td><td><p>$16.98</p></td><td><p>$19.9B</p></td><td><p>$22.9B</p></td><td><p>$27B</p></td><td><p>$32B</p></td></tr><tr><td><p>After tax</p></td><td><p>$14.43B</p></td><td><p>$16.9B</p></td><td><p>$19.46B</p></td><td><p>$22.95B</p></td><td><p>$27.2B</p></td></tr><tr><td><p>Non-cash costs (added back in)</p></td><td><p>$5.7B</p></td><td><p>$6.72B</p></td><td><p>$7.9B</p></td><td><p>$9.36B</p></td><td><p>$11.1B</p></td></tr><tr><td><p>CFO</p></td><td><p>$20.13B</p></td><td><p>$23.62B</p></td><td><p>$27.36B</p></td><td><p>$32.31B</p></td><td><p>$38.3B</p></td></tr></tbody></table><p>Tesla has 1.155 billion shares outstanding, so these CFO figures on a per share basis add up to:</p><ul><li><p>TTM: $12.18.</p></li><li><p>Year 1: $17.42.</p></li><li><p>Year 2: $20.45</p></li><li><p>Year 3: $23.68.</p></li><li><p>Year 4: $27.97.</p></li><li><p>Year 5: $33.16.</p></li></ul><p>So, we get a 22% growth rate in cash flows per share. Using 8% as the discount rate and assuming a 5% perpetual growth rate after five years, we get a fair value of $879. This is only a 3.4% upside to the price at the time of writing ($850), so I conclude that Tesla is fully valued.</p><p><b>The Big Risk to Watch Out For</b></p><p>As I’ve shown in this article, Tesla’s EV tax credit could create a sales spike in the year ahead that gives the stock slight upside to today’s price. Without the sales spike caused by tax credits, my model would have yielded about $825, suggesting slight overvaluation. This stock is trading very close to conservative estimates of fair value, even when you account for the EV tax credit causing sales to spike. The credit is a catalyst, but not a big one, adding only a very slight amount of upside.</p><p>For this reason, Tesla investors are going to want to be on the lookout for one big risk:</p><p><i>Revenue deceleration.</i></p><p>Most industry forecasts have EVs growing at 18 to 22% for the next five years. If Tesla simply grows at that rate then its stock is not worth what it trades for today. You have to assume at least one more year of 40%+ growth to get an intrinsic value estimate for this stock that exceeds its current value. It’s so expensive already that if it grows at 18% for the next five years–a fantastic growth rate in absolute terms–it’s overvalued. The EV tax credit, or a similar catalyst, is needed for the stock to have just a little upside.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The EV Tax Credit Is A Huge Catalyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla: The EV Tax Credit Is A Huge Catalyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-10 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit sales cap for electric vehicle \"EV\" tax credits.The act still has to be passed by the House of ...</p>\n\n<a href=\"https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157330995","content_text":"SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit sales cap for electric vehicle \"EV\" tax credits.The act still has to be passed by the House of Representatives to become law.If it passes, it will be a huge catalyst for Tesla, which will once again be eligible for Federal tax credits.Many Tesla models meet the Act's strict U.S. sourcing requirements; most competitors' offerings don't.This past Sunday, the U.S. Senate passed the Inflation Reduction Act, a spending bill containing a variety of climate change related measures. Among the most discussed measures in the bill is a change to the electric vehicle (“EV”)tax credit. Under previous rules, a company would lose its eligibility for EV credits after selling its 200,000th car. Tesla (NASDAQ:TSLA) crossed the 200,000 car threshold in 2018, and its tax credits were phased out over three years. By early 2022, Teslas were no longer eligible for the tax credit.With the passage of the Inflation Reduction Act, that has changed. The current version of the act, which will be debated by the House of Representatives this week, removes the 200,000 car limit for credit eligibility. Now, buyers of some Tesla models can enjoy the full $7,500 credit toward the purchase of their vehicles. There are some limits to this – the credit applies to sedans up to $55,000 and SUVs up to $80,000– but many Teslas will be eligible. The EV tax credit notably requires that the vehicle's battery be40% sourced from the U.S. or allies- Tesla's Model S meets this standard, most competitors' offerings don't.Tesla Model 3 meets the standard, most don't(roadandtrack.com)This is great news for a company that some say was built on government subsidies. Many of Elon Musk’s critics allege that Tesla has been taking enormous amounts of government assistance over the years. When we dig into the details, we see that Tesla did benefit from the EV tax credit in its early days. Furthermore, it benefits from similar credits in other countries today. The point about Tesla’s reliance on tax breaks can be overstated, but there’s no doubt that when a consumer gets a tax break for buying an EV, they’re more likely to buy one.Given that Tesla has the most brand awareness of all the major EV companies, it benefits from consumers being incentivized to buy EVs. According to a 2018 Energy Policy article, every $1,000 in EV credits leads to a 2.6% increase in EV sales. With Tesla having a large share of the U.S. EV market, it’s likely to gain revenue from the revamped tax credit. This credit could therefore serve as a catalyst improving Tesla’s business performance in the second half. However, as I’ll demonstrate shortly, this catalyst alone doesn’t automatically make the stock a great value.How the EV Tax Credit WorksTo understand how the revamped EV tax credit helps Tesla, we need to know how the credit works. The EV tax credit has been around in some form since 2009, having been announced in 2008’s Energy Improvement and Extension Act. The way credit works has changed since it was first introduced.The way the credit originally worked was like this:Every electric vehicle got a base credit of $2,500. A person buying any EV would get $2,500 plus an extra $417 per kilowatt-hour of battery capacity. For passenger cars, this increase in credits continued up until $7,500 worth of tax credits were earned. Any American who bought an EV would get to claim this credit on their taxes and deduct the appropriate percentage of $7,500 from their income.The EV tax credit also had a cap on how many cars a manufacturer could sell and still be eligible for the credit. Once a manufacturer surpassed 200,000 cars sold in the United States, their tax credits would be phased out over three years. Tesla hit the 200,000 car milestone in 2008. Its tax credits were phased out on the schedule shown below:Tesla's EV credit phase out(Tesla)As the table above shows, all of the credits on Tesla models S, X and 3 were phased out by the end of 2019. This was where things stood for most of the last two years: Teslas weren’t eligible for the credit. Technically, this is still the case, but the Inflation Reduction Act looks quite likely to pass. The Act passed 51-50 in the Senate, and is heading to the House of Representatives for review this week. If it passes, then Teslas will be eligible for the EV tax credit once more. The version of the Act that passed in the Senate puts no cap on how many EVs a manufacturer can sell, so not only will Tesla buyers get the credit again, they’ll continue to get it indefinitely. To top it off: there are Tesla models that meet the act's strict sourcing requirements, while many competitors' offerings don't make the grade.Business ImplicationsTesla regaining the EV tax credit has important business implications. Academic research suggests that every $1,000 worth of EV tax credits drives a2.6% increase in EV sales. As an example, if we have a country where 100,000 EVs are being sold per year, then adding a $1,000 credit increases sales to 102,600. The higher the dollar value of the credit, the more the sales increase. The research I’m citing doesn’t say whether the effect increases linearly or compounds with the size of the credit. If the effect is linear, then a $7,500 credit would increase the number of vehicles sold by 19,500. If it compounds, then it adds 21,228 extra sales. Either way, we should see a significant boost in sales from a $7,500 tax credit.Furthermore, we would expect Tesla to gain from this disproportionately. Many of Tesla’s competitors haven’t shipped 200,000 cars yet, but Tesla has.Lucid(LCID) is aiming for14,000 cumulative deliveries by year’s end, Ford(F) has sold 37,000 or so, Rivian(RIVN) has only delivered a handful of cars to employees. None of these companies are anywhere near the 200,000 deliveries threshold, so they’re getting the credit already. Tesla, on the other hand, passed the threshold in 2018, so it will be eligible for the credit again. Therefore, we’d expect the Inflation Reduction Act to boost Tesla’s sales while leaving its competitors’ sales unchanged.Tesla’s ValuationValuing a company like Tesla is always tough. The company has historically had high growth, which makes estimating its future cash flows difficult. Nevertheless, we can safely assume that, with its tax credits back, Tesla will grow faster than it would have without them. So, we can start by making a projection of Tesla’s revenue and build a discounted cash flow model from there.According to Seeking Alpha Quant, Tesla’s five year CAGR revenue growth rate is 46%. The rate in the most recent quarter was 43%. We have indications that the growth rate will slow down. First, the most recent quarterly growth rate is lower than the five year rate. Second, the five year growth rate is only half the 10 year growth rate. It wouldn’t be conservative to assume that TSLA can keep up 43% growth forever. So, I’ll use Valuates Report’s 18.2% CAGR EV industry forecast as my revenue growth estimate. However, to account for the bullish impact of the EV tax credits Tesla is about to get, I’ll add an extra 19.5% on to the first year’s growth. So the first year will see 41.2% growth (1.182 times 1.195), followed by 18.2% growth thereafter. Tesla’s revenue for the trailing 12 month period is $67.1 billion, so we get:Base year: $67.1B.Year 1: $94.74B.Year 2: $112B.Year 3: $132B.Year 4: $156B.Year 5: $185B.This gives us an overall CAGR growth rate of 22%. With that established, we can look at costs. Tesla had $48 billion in cost of goods sold (“COGS”) in the last 12 months. COGS scales up directly with revenue so I’ll assume that this portion of costs rises at 22%. Tesla’s operating costs have risen at 20% CAGR over the last five years, so I’ll assume they continue growing at that rate. Tesla’s tax rate in the trailing 12 month period was 10%, but I’ll up that to 15% to account for the new minimum tax included in the Inflation Reduction Act. Finally, I’ll add in non-cash costs at 6% of revenue (the percentage in the trailing 12 month period) to get a model that approximates cash from operations (“CFO”).Year 1Year 2Year 3Year 4Year 5Revenue$94.74B$112B$132B$156B$185BCOGS$69B$81.6B$96.5B$114B$135BOperating costs$8.76B$10.5B$12.6B$15B$18BEBIT$16.98$19.9B$22.9B$27B$32BAfter tax$14.43B$16.9B$19.46B$22.95B$27.2BNon-cash costs (added back in)$5.7B$6.72B$7.9B$9.36B$11.1BCFO$20.13B$23.62B$27.36B$32.31B$38.3BTesla has 1.155 billion shares outstanding, so these CFO figures on a per share basis add up to:TTM: $12.18.Year 1: $17.42.Year 2: $20.45Year 3: $23.68.Year 4: $27.97.Year 5: $33.16.So, we get a 22% growth rate in cash flows per share. Using 8% as the discount rate and assuming a 5% perpetual growth rate after five years, we get a fair value of $879. This is only a 3.4% upside to the price at the time of writing ($850), so I conclude that Tesla is fully valued.The Big Risk to Watch Out ForAs I’ve shown in this article, Tesla’s EV tax credit could create a sales spike in the year ahead that gives the stock slight upside to today’s price. Without the sales spike caused by tax credits, my model would have yielded about $825, suggesting slight overvaluation. This stock is trading very close to conservative estimates of fair value, even when you account for the EV tax credit causing sales to spike. The credit is a catalyst, but not a big one, adding only a very slight amount of upside.For this reason, Tesla investors are going to want to be on the lookout for one big risk:Revenue deceleration.Most industry forecasts have EVs growing at 18 to 22% for the next five years. If Tesla simply grows at that rate then its stock is not worth what it trades for today. You have to assume at least one more year of 40%+ growth to get an intrinsic value estimate for this stock that exceeds its current value. It’s so expensive already that if it grows at 18% for the next five years–a fantastic growth rate in absolute terms–it’s overvalued. The EV tax credit, or a similar catalyst, is needed for the stock to have just a little upside.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018403696,"gmtCreate":1649074064668,"gmtModify":1676534445149,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>today[Call]&nbsp;[Call]&nbsp;[Call]&nbsp;","listText":"<a href=\"https://ttm.financial/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>today[Call]&nbsp;[Call]&nbsp;[Call]&nbsp;","text":"$Futu Holdings Limited(FUTU)$today[Call] [Call] [Call]","images":[{"img":"https://community-static.tradeup.com/news/1e3977f4888bd94c4dcd55806bf6d535","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018403696","isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9018666016,"gmtCreate":1649033507455,"gmtModify":1676534438888,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>today up or down[Call]&nbsp;","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>today up or down[Call]&nbsp;","text":"$NIO Inc.(NIO)$today up or down[Call]","images":[{"img":"https://community-static.tradeup.com/news/ac0d4baa126a3e7127ce62edd86f3268","width":"1080","height":"3258"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018666016","isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9959172906,"gmtCreate":1672935426107,"gmtModify":1676538760644,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Who have extra Tiger card number 1","listText":"Who have extra Tiger card number 1","text":"Who have extra Tiger card number 1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959172906","isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928730840,"gmtCreate":1671403977380,"gmtModify":1676538529381,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"👀","listText":"👀","text":"👀","images":[{"img":"https://community-static.tradeup.com/news/648fd5b46a94ff64e65112c6db1d63f0","width":"1080","height":"1315"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9928730840","isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9969790773,"gmtCreate":1668516670492,"gmtModify":1676538069130,"author":{"id":"4093081834772300","authorId":"4093081834772300","name":"Chin88","avatar":"https://static.tigerbbs.com/cf897cc86f1734ecbb6cc61cab385383","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$ &nbsp;</a>[得意]&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$ &nbsp;</a>[得意]&nbsp;","text":"$Sea Ltd(SE)$ [得意]","images":[{"img":"https://community-static.tradeup.com/news/4d567806a209ccba41e84b6e06bcd47b","width":"1080","height":"1909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969790773","isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}