David Shepardson at Reuters breaks the bad news: The U.S. Congress declined to extend a $7,500 tax credit for electric vehicles but will boost funding for aviation safety after two deadly Boeing 737 MAX crashes. Reuters So, if you don’t train pilots on your new plane and kill 300+ people you get extra funding… but […]
Carmen Reinicke has an interesting story today over at Markets Insider. I’ll start with the headline: One of Tesla’s fiercest bears admits the company has an enormous leg up on competitors when it comes to battery production (TSLA) Markets Insider An enormous leg up on competitors you say? When did you realize this? Sometime between […]
After reporting that congress was likely to extend the tax credit for new electric vehicles, we’ve reviewed the text of one draft bill that may be in consideration. Now, it’s important to note a few things: We don’t know that this draft bill that was introduced in the house is what’s going to make it […]
Interesting story over at MarketWatch: Tesla TSLA, -0.36% , General Motors GM, -1.25% and other players in the electric-vehicles sector have a role in the scramble around a possible tax package with so-called “tax extenders,” as they could score an expansion for a key EV credit. MarketWatch Ohhhh helllloooooo! Thanks to bipartisan, broad-based support, we believe the EV tax-credit extension is […]
Oil has traditionally been the most profitable business in the world, and Saudi Aramco is the king of profitable oil companies with a production cost of just $2 a barrel. Remember when we were talking about falling commodity prices earlier? Yeah, that doesn’t really matter when your production costs are the best in the world. […]
Christopher M. Matthews and Rebecca Elliott have a great report out on the news from Chevron yesterday: Chevron Corp. is writing down the value of its assets by more than $10 billion, a concession that in an age of abundant oil and gas some of its holdings won’t be profitable anytime soon. The Wall Street Journal Chevron […]
UPDATE: This is unconfirmed, but some are saying that not only does this mean the cars will receive subsidies, but that they are approved for sale as well: This official EV incentive recommendation from government does not only mean the subsidies but it is also a permit to sell and deliver China-made Model 3 to […]
As we approach the end of 2019 and begin to enter the 20s it’s kind of amazing to look back at just how far battery costs have fallen this decade: Battery prices, which were above $1,100 per kilowatt-hour in 2010, have fallen 87% in real terms to $156/kWh in 2019. By 2023, average prices will […]
In an attempt to become a world leader in electric vehicles, China offered huge subsidies for the purchase of any Chinese-made EV until very recently. Now with the trade war, and defaulting firms sparking fears that the Chinese economy may be over-leveraged the subsidies are drying up. Without those juicy subsidies to boost sales, things […]
Filed under “this is fine”, we have this news from Bloomberg reporter Gabrielle Coppola: Fiat Chrysler Automobiles NV has been manufacturing more cars and trucks than its U.S. dealers are willing to accept, at one point creating a nationwide stock of about 40,000 unordered vehicles and stoking tension with some of its retailers. Bloomberg No […]
