With high interest rates, car sells / loans drop off.
Breaking news genius: Fossil fuels still account for more than 80 percent of global energy production, but cleaner sources of energy are gaining ground. About 29 percent of electricity currently comes from renewable sources.
TSLA is a longterm hold. Next year we will see a lot volatilty in the financial markets. Especially with two wars, Russia - Ukraine and Israel-Iran (Hamas & Hezbollah).
All sectors will get hit hard.. Energy stocks related to oil will soar. War machine do not function on electric power...
I had a debate at work about hybrids vs BEVs. Everyone (except me) said hybrids are the way to go. But there wasn’t a single hybrid in the parking lot. Hybrids use gasoline which pollutes the air. The problem with BEVs is lack of a charging system. Tesla is a leader in solving this problem.
Model 3 and model y both are at the same price per - price reduction - but costs came down by $2,000
For each and every ev made. - profitability has increased per ev o.
As an investor in TSLA stocks, long-term investors should sit back relax. $300 will be here next few months.
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