I'd say that probably depends on you, your bladder, and how many sodas you're having.
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I'm attaching an email from Rivian describing legislation that would effectively ban EV companies from doing business in Michigan.
https://www.rivianforums.com/forum/t...servicing.715/
Text of HB 6233
http://www.legislature.mi.gov/docume.../2020-HIB-6233.
Michigan must really be desperate if they are willing to force a new auto company like Rivian from doing business in the state.
Even though the Detroit legacy manufacturers would prefer to limit competition, electric cars and trucks are continuing to make inroads world wide. See --
https://www.nytimes.com/2020/09/20/b...-elon-musk.htm
BTW, it may only be a coincidence, but the House vote will occur on Tesla Battery Day. Fortunately, Michigan Luddites can only slow, not stop the death spiral.
One thing that amazes me is that two stocks in the doldrums [[GE and Ford) are both selling at six bucks and change, yet day in and day out, you will find one or both of them on the list of most actively traded stocks even though their gains/losses are pennies a share.
Pretty sure the auto dealers are the ones behind this, not the automakers. It is unfair that the traditional automakers have to abide by state dealer distribution laws, while Tesla can sell directly to consumer. But the model was always flawed, and it was the dealers who had it set up this way. If those laws get overturned, a lot of local dealerships would eventually go out of business.
Today, Tesla has a high of $881.39/share. Pre 5 to 1 stock split makes it worth $4,406.95 [[up from $240/share a year and a half ago). So Tesla is at a valuation of $838Billion, while Ford is valued at $8.94/share [[a $35Billion valuation). Tesla is now worth more than all auto companies in the world combined. How is that even possible??
Michael Burry, the investor who predicted the 2008 US housing market crash and took a billion-dollar shorting bet prior that they made a movie on called "The Big Short", took a huge short position on Tesla predicting a similar downfall. Is he right? Tesla stock just keeps going up and up. Is the US headed for a big dot com bailout like the mortgage crisis bailout for all the pension funds that invested in Tesla?