Tesla and Musk Not Invited to White House EV Party. That Makes No Sense.

Barrons2021-08-06

President Biden wants 50% of cars manufactured to be electric by 2030. He wants America to be an electric-vehicles leader. He surrounded himself with automotive executives to discuss the initiative on...

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精彩评论

Derrick3388
2021-08-06
Derrick3388
Weird [疑问]
IvanOon
2021-08-06
IvanOon
US gov does senseless sriffs at times
- Shindokai:
  Finally
Tansri
2021-08-06
Tansri
Well, when the Biden became President already making no sense.
IZLIN
2021-08-06
IZLIN
@Meow17 @Sagi08 @simplydkamno partying? [Sly]
b8cab6e
2021-08-06
b8cab6e
Like
WW1012
2021-08-06
WW1012
Wow

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That Makes No Sense.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-musk-biden-ev-stock-51628202850?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Biden wants 50% of cars manufactured to be electric by 2030. He wants America to be an electric-vehicles leader. 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He wants America to be an ele","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"泰斯拉和马斯克没有被邀请参加白宫电动汽车派对。那没道理。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"President Biden wants 50% of cars manufactured to be electric by 2030. He wants America to be an electric-vehicles leader. He surrounded himself with automotive executives to discuss the initiative on Thursday. Curiously, Tesla, the undisputed U.S. EV leader, wasn’t represented.\nThey weren’t even invited—at least according to Elon Musk. Regardless of how investors feel about Tesla or how they feel about peers, it’s odd.\n\nTesla (ticker: TSLA), of course, sells more EVs than anyone in America. Between 2015 and 2020 there were 974,000 all electric vehicles sold in the U.S. Roughly 730,000 of those, or 75%, are Teslas—they are the American EV market.\n(Tesla doesn’t report deliveries by geography, but they report sales by geographic region allowing for a calculation of local volumes.)\nAnd so far in 2021, Tesla has sold about 386,000 vehicles. Roughly 165,000 were sold in the U.S. General Motors(GM) for comparison, has sold only about 20,000 EVs over the same span.\nThe White House didn’t immediately comment on the decision, but Secretary of Transportation Pete Buttigieg said on CNBC “we are moving toward a future where this is all across the market. I don’t want there to be a perception that this is just…a luxury thing or…or cars that you use to zip around cities.”\nThat statement is as curious as the non-invite.\nTesla does have luxury offerings. It’s early strategy was, essentially, to start with a low-volume, expensive car and then expand into other segments of the market. It worked. Tesla is now the world’s most valuable car company. Gross-profit margins are better than BMW(BMW.Germany). Unit sales in the first half of 2021 are up 116% year over year. And the company has generated about $9 billion in free cash flow over the past 12 months while building two new plants.\nIt has non-luxury offerings, too. Today, a new Model 3 starts under $40,000. That is about $15,000 more than the base price of a Ford Motor(F) Fusion, Honda Accord, or Toyota Camry, but less than the base price of similar sized BMW or Audi sedans. The top-level trim in the Fusion-Camry-Accord class run almost $40,000.\nAbout zipping around the city: Tesla also operates a global charging network of over 25,000 chargers with nationwide coverage in the U.S.\nTesla is very American company. That can’t be the reason for the snub. All of its U.S. sales volume is made in the U.S. It has two of the top 10 cars in Cars.com(CARS)American-Made Index. The Model 3 is first on the list and the Model Y is third. Both are assembled in Fremont, Calif. Later in 2021, Tesla should start producing its Cybertruck—which starts at $40,000—in the company’s new Austin, Texas, plant.\nThe Tesla snub has been good fodder for Musk on Twitter(TWTR). And it doesn’t really matter in the long run, just so long as the Federal government doesn’t play favorites—either way—as the traditional auto industry ramps up is EV effort and overall EV competition builds.\nThe non-invite didn’t seem to particularly Tesla stock, although with a 0.5% gain Thursday—the seventh consecutive rise—it still lagged the broader market. 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[Sly]&nbsp;","listText":"<a href=\"https://laohu8.com/U/3581561113691319\">@Meow17</a><a href=\"https://laohu8.com/U/3582026494482473\">@Sagi08</a><a href=\"https://laohu8.com/U/3582502706085184\">@simplydkam</a>no partying? [Sly]&nbsp;","text":"@Meow17@Sagi08@simplydkamno partying? 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