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- chinyichinyi
  ·2021-11-02
  Still losing money
  Luokung Technology H1 EPS $(0.09) vs $(0.09) In Same Period Last Year, Sales $37.80M
  Luokung Technology (NASDAQ:LKCO) reported quarterly losses of $(0.09) per share. The company reported $37.80 million in sales this quarter.
  Luokung Technology H1 EPS $(0.09) vs $(0.09) In Same Period Last Year, Sales $37.80M
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- chinyichinyi
  ·2021-02-22
  ...
  Tesla And India: An Interesting Marriage
  Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.India's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.Two-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.A major benefit could be exporting ability and cost reductions in/to Ch
  Tesla And India: An Interesting Marriage
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- chinyichinyi
  ·2021-02-22
  Haha
  The Hopes That Rose and Fell With GameStop
  Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on
  The Hopes That Rose and Fell With GameStop
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- chinyichinyi
  ·2021-02-18
  Cool!
  非常抱歉，此主贴已删除
  218 1
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losing money","listText":"Still losing money","text":"Still losing money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/843820932","repostId":"2180061209","repostType":2,"repost":{"id":"2180061209","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1635800640,"share":"https://www.laohu8.com/m/news/2180061209?lang=&edition=full","pubTime":"2021-11-02 05:04","market":"hk","language":"en","title":"Luokung Technology H1 EPS $(0.09) vs $(0.09) In Same Period Last Year, Sales $37.80M","url":"https://stock-news.laohu8.com/highlight/detail?id=2180061209","media":"Benzinga","summary":"Luokung Technology (NASDAQ:LKCO) reported quarterly losses of $(0.09) per share.  The company reported $37.80 million in sales this quarter.","content":"<html><body><p>Luokung Technology (NASDAQ:LKCO) reported quarterly losses of $(0.09) per share.  The company reported $37.80 million in sales this quarter.</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>Luokung Technology H1 EPS $(0.09) vs $(0.09) In Same Period Last Year, Sales $37.80M</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\">\nLuokung Technology H1 EPS $(0.09) vs $(0.09) In Same Period Last Year, Sales $37.80M\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-11-02 05:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Luokung Technology (NASDAQ:LKCO) reported quarterly losses of $(0.09) per share.  The company reported $37.80 million in sales this quarter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LKCO":"箩筐技术"},"source_url":"https://www.benzinga.com/news/earnings/21/11/23808442/luokung-technology-h1-eps-0-09-vs-0-09-in-same-period-last-year-sales-37-80m","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2180061209","content_text":"Luokung Technology (NASDAQ:LKCO) reported quarterly losses of $(0.09) per share.  The company reported $37.80 million in sales this quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":369069189,"gmtCreate":1613989233841,"gmtModify":1634551643222,"author":{"id":"3572250085605483","authorId":"3572250085605483","name":"chinyi","avatar":"https://static.tigerbbs.com/b06294457904a505cadc764ccb33c274","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572250085605483","authorIdStr":"3572250085605483"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369069189","repostId":"1153806804","repostType":4,"repost":{"id":"1153806804","kind":"news","pubTimestamp":1613984421,"share":"https://www.laohu8.com/m/news/1153806804?lang=&edition=full","pubTime":"2021-02-22 17:00","market":"us","language":"en","title":"Tesla And India: An Interesting Marriage","url":"https://stock-news.laohu8.com/highlight/detail?id=1153806804","media":"seekingalpha","summary":"Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.India's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.Two-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.A major benefit could be exporting ability and cost reductions in/to Ch","content":"<p><b>Summary</b></p>\n<ul>\n <li>Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.</li>\n <li>India's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.</li>\n <li>Two-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.</li>\n <li>A major benefit could be exporting ability and cost reductions in/to China, stemming from favorable labor cost leverage.</li>\n</ul>\n<p>Tesla (TSLA) looks to be moving forward with a slatedsixth Gigafactory, in Karnataka in southern India following the registration of its India Motors and Energy Limited subsidiary about a month prior. Bengaluru has risen as a prominent manufacturing and R&amp;D center for a multitude of auto firms such as Mercedes Benz (OTCPK:DDAIF), GM (GM), Volvo (OTCPK:GELYF) and more, and Tesla's recent inclusion is widely viewed as being a boost to India's EV space. The new Gigafactory is an interesting new synergy to Tesla's story, as infrastructure and a widely different auto market provide some obstacles, yet the factory could provide a much-needed boost in regards to Chinese/Asian expansion.</p>\n<p><b>So Why India?</b></p>\n<p>Indiahad grown to the fourth largest auto market by 2019, overstepping Germany, and is on track to climb past Japan and take the third spot this year. Karnataka, in particular, was India's first state to \"introduce adedicated EVpolicy to encourage original equipment manufacturers, component producers and energy suppliers to set up shop.\"</p>\n<p>Across India, multiple large investments were made within EV during 2020. MG Motors had launched an EV SUV and invested Rs. 1,000 crore (US$136 million) to further manufacturing development, Kinetic Green invested Rs. 1,750 crore (US$236 million) for EV golf cart manufacturing and battery swapping technology, and Toyota Kirloskar Motors invested Rs. 2,000 crore (US$273 million) for EV components.</p>\n<p>Bengaluru is one of India's largest R&amp;D hubs, and home to R&amp;D units of large legacy manufacturers as well as nearly four dozen EV startups; legacy manufacturers foraying into EV and Tesla are seeking \"to capitalise on the burgeoning engineering and IT talent pool that the city comprises.\" Tesla's manufacturing plant is no surprise given the depth of knowledge and extensive presence of auto manufacturers.</p>\n<p>Karnataka is pushing forward with itsEV agenda, sanctioning just over $3 billion in funding for EV manufacturing development in addition to a wide range subsidies. Some of the goals within EV include 100% e-mobility by 2030 in rickshaws, cabs, corporate fleets, school buses/vans, while increasing adoption in public transportation systems with 1,000 buses.</p>\n<p>For a company of Tesla's size, such subsidies offered would be exemption from stamp duty, concessional registration charges, full reimbursement of land conversion fee, one-time capital subsidy of 50% of ETP cost (max Rs. 200 lakh), and interest free loans - these apply for EV/component manufacturing, battery cell manufacturing (plus five year exemption of electricity duty), or EV charging station manufacturing (plus five year exemption of electricity duty and 25% capital subsidies for first<i>x</i>amount of stations in the state).</p>\n<p>Manufacturing capacity in Karnataka likely needs to grow double-digit YoY in order for it to start on a solid track to reach its 2030 goals, and inclusion of Tesla is a big step for the state. Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka, aside from the benefits to operations.</p>\n<p><b>Benefits To Tesla</b></p>\n<p>India offers multiple benefits to Tesla - capacity growth, expansion of energy storage, or even ability to further competitive presence in China.</p>\n<p>One of Tesla's largest headwinds going forward is a massive valuation, currently at $755 billion, or approximately 30% of the combined valuations across traditional ICE and EV manufacturers. As such, Tesla needs to garner much more market share by delivering millions of cars and fend off competition over the next few years in order to try to cement such a valuation (aside from energy and storage) - to do that, production capacity is a top priority.</p>\n<p>Capacity is key since Tesla as it aims to scale deliveries at an average annual growth rate of 50% on amulti-year horizon; this implies about 1.7 million in deliveries by 2023 and nearly 4 million by 2025, contingent on demand. Current annual capacity sits at ~1,050,000 vehicles at the moment with production pending at GF Berlin and Austin for the Model Y later this year.</p>\n<p>India's Gigafactory would likely mimic similar run rates of production to other factories, thus adding ~500,000 units at full-scale. Assuming full scale of Berlin, Austin and Bengaluru by 2023 - should that fall between 750,000 to 1.5 million, capacity would easily expand past targeted deliveries to 1.8 million to 2.6 million by 2023. Tesla has exhibited a rapid launch timeline within Shanghai's Gigafactory, with Model 3 capacity at over 5,000 per week and initiated production of Model Y in under a year, so similar rapid scale of production in the three factories is likely. Given the current state of India's market, it would likely exhibit similar patterns to China's lifetime (seen below), with minimal domestic presence for multiple years as the industry continues to bloom.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd4a0adeda25013e5b301c9cb4060faa\" tg-width=\"640\" tg-height=\"317\"><span>Source:Tesla</span></p>\n<p>Tesla has been increasing global market share, with 2021 likely to see China eclipse the 1% figure based on expected deliveries and momentum with production scale and sales price reductions. That is likely the key market to dominate, as China is expected to be one of the largest and fastest growing EV markets as it rises to maturity, leaving Tesla and other domestic manufacturers a massive runway for growth. If Tesla can grow to derive 2.5% of global market share in China by 2025, it could be easily seeing $25+ billion in revenues from the country. Assuming China can maintain contribution of ~20% of sales, increased global market share from China could see revenues rise to $125 billion by 2025.</p>\n<p>Thus a major benefit from a vehicle-focused manufacturing plant in India would be exporting ability. Aside from fierce competition in IT/software/engineering positions in the tech realm of auto/EV manufacturing and higher salaries there,low labor costsin contractual workers (US$148 per month compared to US$234 per month in China) is transforming India into a prime hub for exporting cars, with export unit volume rising to 4.77 million, up 37% from 2017 to 2020). India offers significantcost advantages, with \"auto firms sav[ing] 10-25% vis-a-vis Europe and Latin America.</p>\n<p>Tesla's price reductions in China-made models helped sales hit over 15,000 forJanuary, as competition heightens in the nation. As Tesla still wants to have a $25,000 model, or just more price reductions, utilization of low labor costs in India could allow it to build, export and sell models in China or even Europe for lower prices, maybe even to the low 200,000-yuan range in the former. Such ability to lever favorable labor costs and decrease prices could see incremental market share gains in China as lower cost mini/micro EV have gained significant traction, so price competition could be vital for driving demand in the premium segment in the future.</p>\n<p>If Tesla decides not to utilize the Karnataka plant for vehicles, it could be very well suited for energy storage/solar like Giga Nevada and New York. Tesla noted in the Q4 release that energy storage remains supply-constrained, with Megapack and Powerwall demand strong, and utilization of the India plant could ease supply constraints as well as further boost capacity, aiding expansion in energy storage.</p>\n<p><b>India Still Has Obstacles</b></p>\n<p>Even with its status in the top five largest auto markets, India's auto market is quite different from traditional markets, in that it's dominated by two-wheelers. This could pressure a domestic market approach from Tesla in the early stages of EV adoption, but could cement the factory as an exporting base.</p>\n<p>The market is expected to be driven by a growing youth population and a rise in middle class income, and more policy support in individual states like Karnataka as well as within the national government (reducing GST to 5% from 12%) can help drive EV adoption. While it's an \"estimated to be a Rs. 50,000 crore (US$ 7.09 billion)opportunityby 2025\" in EV, the majority of the growth will likely stem from two and three-wheelers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98030eb0d9d32363a106ee89b794539e\" tg-width=\"640\" tg-height=\"253\"><span>Source:IBEF</span></p>\n<p>Two-wheelers accounted for 80.8% of all auto sales in the country for 2020, with passenger vehicles the second-largest segment at 12.9%, driven by small and mid-sized cars. Even though two-wheelers will be a significant driver of electrification, EV sales excluding e-rickshaws grew 20% during the year to 156,000 units; on the other side, luxury cars only hovered at about ~32,000 units. Moving through 2023, it's unlikely that passenger cars will eclipse 17% of the total market, with concentration remaining heavy in two-wheelers.</p>\n<p>In terms of market players, a few main players control a majority of the market. In passenger vehicles, Maruti Suzuki had 51% share across the segment during 2020, while other main players include Kia, Hyundai and Mahindra with each having double-digit share in the SUV market. Tata Motors (TTM) has ~45% share in the commercial vehicle market, while Hero Motors leads in two-wheelers. Displacement of established brands with high market share, who are increasing investments in EV, could also prove difficult.</p>\n<p>However, infrastructure at the moment does not yet favor or facilitate EV adoption; a lack of public and private charging stations due to a minuscule penetration (sub 1%) of EV is a major headwind, as widespread adoption and acceptance of EV will need significant more development in charging stations (hence the subsidies in Karnataka). Limited infrastructure in terms of charging abilities and less development of the overall industry has led to EVs being quite costly, thus dampening adoption as well.</p>\n<p>Income inequality could also prevent acceptance of EV over the course of the next decade unless prices fall to reasonable levels, given that India'sincome inequalityhas failed to improve. The bottom 40% in the country witnessed income growth of 58% through 2018, 64 percentage points below average wealth growth of 122%, thus widening the wealth gap. It's estimated that 60% of India's population controls just 4.7% of thenational wealth, and purchasing power remains too low for a significant proportion of the population to buy cars, let alone EVs.</p>\n<p><b>Outlook</b></p>\n<p>While Tesla has yet to officially state a timeline or intentions of the Karnataka plant, it's likely to provide significant benefits whether it focuses on vehicle manufacturing or in energy storage. India is a budding EV market, though one primarily concentrated in two-wheelers/rickshaws as the go-to mode for transportation; thus, outright domestic impact for Tesla could be minimal if/when the EV market starts to mature and affordability, demand and infrastructure for EV rises. However, Tesla is likely to benefit from low labor costs, opening up favorable export pathways to China, and could help drive more cost reductions in that fiercely competitive environment. Capacity expansion in either vehicles or energy storage is important for future revenue growth, and should the plant focus on vehicles and scale to a half-million output, 50% delivery growth rates through 2025 to 4 million could be easily feasible, should demand be there.</p>","source":"seekingalpha","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 And India: An Interesting Marriage</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 And India: An Interesting Marriage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 17:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4407755-tesla-india-plant-looks-like-solid-move><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nElevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.\nIndia's auto market is quite different from ...</p>\n\n<a href=\"https://seekingalpha.com/article/4407755-tesla-india-plant-looks-like-solid-move\">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/4407755-tesla-india-plant-looks-like-solid-move","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1153806804","content_text":"Summary\n\nElevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.\nIndia's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.\nTwo-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.\nA major benefit could be exporting ability and cost reductions in/to China, stemming from favorable labor cost leverage.\n\nTesla (TSLA) looks to be moving forward with a slatedsixth Gigafactory, in Karnataka in southern India following the registration of its India Motors and Energy Limited subsidiary about a month prior. Bengaluru has risen as a prominent manufacturing and R&D center for a multitude of auto firms such as Mercedes Benz (OTCPK:DDAIF), GM (GM), Volvo (OTCPK:GELYF) and more, and Tesla's recent inclusion is widely viewed as being a boost to India's EV space. The new Gigafactory is an interesting new synergy to Tesla's story, as infrastructure and a widely different auto market provide some obstacles, yet the factory could provide a much-needed boost in regards to Chinese/Asian expansion.\nSo Why India?\nIndiahad grown to the fourth largest auto market by 2019, overstepping Germany, and is on track to climb past Japan and take the third spot this year. Karnataka, in particular, was India's first state to \"introduce adedicated EVpolicy to encourage original equipment manufacturers, component producers and energy suppliers to set up shop.\"\nAcross India, multiple large investments were made within EV during 2020. MG Motors had launched an EV SUV and invested Rs. 1,000 crore (US$136 million) to further manufacturing development, Kinetic Green invested Rs. 1,750 crore (US$236 million) for EV golf cart manufacturing and battery swapping technology, and Toyota Kirloskar Motors invested Rs. 2,000 crore (US$273 million) for EV components.\nBengaluru is one of India's largest R&D hubs, and home to R&D units of large legacy manufacturers as well as nearly four dozen EV startups; legacy manufacturers foraying into EV and Tesla are seeking \"to capitalise on the burgeoning engineering and IT talent pool that the city comprises.\" Tesla's manufacturing plant is no surprise given the depth of knowledge and extensive presence of auto manufacturers.\nKarnataka is pushing forward with itsEV agenda, sanctioning just over $3 billion in funding for EV manufacturing development in addition to a wide range subsidies. Some of the goals within EV include 100% e-mobility by 2030 in rickshaws, cabs, corporate fleets, school buses/vans, while increasing adoption in public transportation systems with 1,000 buses.\nFor a company of Tesla's size, such subsidies offered would be exemption from stamp duty, concessional registration charges, full reimbursement of land conversion fee, one-time capital subsidy of 50% of ETP cost (max Rs. 200 lakh), and interest free loans - these apply for EV/component manufacturing, battery cell manufacturing (plus five year exemption of electricity duty), or EV charging station manufacturing (plus five year exemption of electricity duty and 25% capital subsidies for firstxamount of stations in the state).\nManufacturing capacity in Karnataka likely needs to grow double-digit YoY in order for it to start on a solid track to reach its 2030 goals, and inclusion of Tesla is a big step for the state. Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka, aside from the benefits to operations.\nBenefits To Tesla\nIndia offers multiple benefits to Tesla - capacity growth, expansion of energy storage, or even ability to further competitive presence in China.\nOne of Tesla's largest headwinds going forward is a massive valuation, currently at $755 billion, or approximately 30% of the combined valuations across traditional ICE and EV manufacturers. As such, Tesla needs to garner much more market share by delivering millions of cars and fend off competition over the next few years in order to try to cement such a valuation (aside from energy and storage) - to do that, production capacity is a top priority.\nCapacity is key since Tesla as it aims to scale deliveries at an average annual growth rate of 50% on amulti-year horizon; this implies about 1.7 million in deliveries by 2023 and nearly 4 million by 2025, contingent on demand. Current annual capacity sits at ~1,050,000 vehicles at the moment with production pending at GF Berlin and Austin for the Model Y later this year.\nIndia's Gigafactory would likely mimic similar run rates of production to other factories, thus adding ~500,000 units at full-scale. Assuming full scale of Berlin, Austin and Bengaluru by 2023 - should that fall between 750,000 to 1.5 million, capacity would easily expand past targeted deliveries to 1.8 million to 2.6 million by 2023. Tesla has exhibited a rapid launch timeline within Shanghai's Gigafactory, with Model 3 capacity at over 5,000 per week and initiated production of Model Y in under a year, so similar rapid scale of production in the three factories is likely. Given the current state of India's market, it would likely exhibit similar patterns to China's lifetime (seen below), with minimal domestic presence for multiple years as the industry continues to bloom.\nSource:Tesla\nTesla has been increasing global market share, with 2021 likely to see China eclipse the 1% figure based on expected deliveries and momentum with production scale and sales price reductions. That is likely the key market to dominate, as China is expected to be one of the largest and fastest growing EV markets as it rises to maturity, leaving Tesla and other domestic manufacturers a massive runway for growth. If Tesla can grow to derive 2.5% of global market share in China by 2025, it could be easily seeing $25+ billion in revenues from the country. Assuming China can maintain contribution of ~20% of sales, increased global market share from China could see revenues rise to $125 billion by 2025.\nThus a major benefit from a vehicle-focused manufacturing plant in India would be exporting ability. Aside from fierce competition in IT/software/engineering positions in the tech realm of auto/EV manufacturing and higher salaries there,low labor costsin contractual workers (US$148 per month compared to US$234 per month in China) is transforming India into a prime hub for exporting cars, with export unit volume rising to 4.77 million, up 37% from 2017 to 2020). India offers significantcost advantages, with \"auto firms sav[ing] 10-25% vis-a-vis Europe and Latin America.\nTesla's price reductions in China-made models helped sales hit over 15,000 forJanuary, as competition heightens in the nation. As Tesla still wants to have a $25,000 model, or just more price reductions, utilization of low labor costs in India could allow it to build, export and sell models in China or even Europe for lower prices, maybe even to the low 200,000-yuan range in the former. Such ability to lever favorable labor costs and decrease prices could see incremental market share gains in China as lower cost mini/micro EV have gained significant traction, so price competition could be vital for driving demand in the premium segment in the future.\nIf Tesla decides not to utilize the Karnataka plant for vehicles, it could be very well suited for energy storage/solar like Giga Nevada and New York. Tesla noted in the Q4 release that energy storage remains supply-constrained, with Megapack and Powerwall demand strong, and utilization of the India plant could ease supply constraints as well as further boost capacity, aiding expansion in energy storage.\nIndia Still Has Obstacles\nEven with its status in the top five largest auto markets, India's auto market is quite different from traditional markets, in that it's dominated by two-wheelers. This could pressure a domestic market approach from Tesla in the early stages of EV adoption, but could cement the factory as an exporting base.\nThe market is expected to be driven by a growing youth population and a rise in middle class income, and more policy support in individual states like Karnataka as well as within the national government (reducing GST to 5% from 12%) can help drive EV adoption. While it's an \"estimated to be a Rs. 50,000 crore (US$ 7.09 billion)opportunityby 2025\" in EV, the majority of the growth will likely stem from two and three-wheelers.\nSource:IBEF\nTwo-wheelers accounted for 80.8% of all auto sales in the country for 2020, with passenger vehicles the second-largest segment at 12.9%, driven by small and mid-sized cars. Even though two-wheelers will be a significant driver of electrification, EV sales excluding e-rickshaws grew 20% during the year to 156,000 units; on the other side, luxury cars only hovered at about ~32,000 units. Moving through 2023, it's unlikely that passenger cars will eclipse 17% of the total market, with concentration remaining heavy in two-wheelers.\nIn terms of market players, a few main players control a majority of the market. In passenger vehicles, Maruti Suzuki had 51% share across the segment during 2020, while other main players include Kia, Hyundai and Mahindra with each having double-digit share in the SUV market. Tata Motors (TTM) has ~45% share in the commercial vehicle market, while Hero Motors leads in two-wheelers. Displacement of established brands with high market share, who are increasing investments in EV, could also prove difficult.\nHowever, infrastructure at the moment does not yet favor or facilitate EV adoption; a lack of public and private charging stations due to a minuscule penetration (sub 1%) of EV is a major headwind, as widespread adoption and acceptance of EV will need significant more development in charging stations (hence the subsidies in Karnataka). Limited infrastructure in terms of charging abilities and less development of the overall industry has led to EVs being quite costly, thus dampening adoption as well.\nIncome inequality could also prevent acceptance of EV over the course of the next decade unless prices fall to reasonable levels, given that India'sincome inequalityhas failed to improve. The bottom 40% in the country witnessed income growth of 58% through 2018, 64 percentage points below average wealth growth of 122%, thus widening the wealth gap. It's estimated that 60% of India's population controls just 4.7% of thenational wealth, and purchasing power remains too low for a significant proportion of the population to buy cars, let alone EVs.\nOutlook\nWhile Tesla has yet to officially state a timeline or intentions of the Karnataka plant, it's likely to provide significant benefits whether it focuses on vehicle manufacturing or in energy storage. India is a budding EV market, though one primarily concentrated in two-wheelers/rickshaws as the go-to mode for transportation; thus, outright domestic impact for Tesla could be minimal if/when the EV market starts to mature and affordability, demand and infrastructure for EV rises. However, Tesla is likely to benefit from low labor costs, opening up favorable export pathways to China, and could help drive more cost reductions in that fiercely competitive environment. Capacity expansion in either vehicles or energy storage is important for future revenue growth, and should the plant focus on vehicles and scale to a half-million output, 50% delivery growth rates through 2025 to 4 million could be easily feasible, should demand be there.","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369069936,"gmtCreate":1613989194625,"gmtModify":1634551643341,"author":{"id":"3572250085605483","authorId":"3572250085605483","name":"chinyi","avatar":"https://static.tigerbbs.com/b06294457904a505cadc764ccb33c274","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572250085605483","authorIdStr":"3572250085605483"},"themes":[],"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369069936","repostId":"1152031988","repostType":4,"repost":{"id":"1152031988","kind":"news","pubTimestamp":1613985392,"share":"https://www.laohu8.com/m/news/1152031988?lang=&edition=full","pubTime":"2021-02-22 17:16","market":"us","language":"en","title":"The Hopes That Rose and Fell With GameStop","url":"https://stock-news.laohu8.com/highlight/detail?id=1152031988","media":"The New York Times","summary":"Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on ","content":"<p>Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3ae93ef5e461f7efc81eddb3dd867d2\" tg-width=\"2048\" tg-height=\"1366\" referrerpolicy=\"no-referrer\"><span>Jacob Chalfant, a high school senior from Westfield, N.J., is still holding the shares he bought for $1,035. On Friday, they were worth $220.Credit...Bryan Anselm for The New York Times</span></p><p>Some wanted to be on the front lines of a revolution. Some wanted to be rich. And by the end of a wild two-week ride where fortunes were made and lost, some just hoped they’d be able to pay their rent.</p><p>Winners and losers are made every day on Wall Street. And for a while, the unlikely trading boom around the stock of the beleaguered video game retailerGameStopput the little guy on top. Breathtaking fortunes appeared overnight.</p><p>But they disappeared almost as quickly.</p><p>At its highest point,GameStop’s&nbsp;share price was $483. On Friday, the stock was worth $40.59. The trading frenzy — powered by online hype over a rebellion against traditional Wall Street powers — had created, and then&nbsp;destroyed, roughly $30 billion in on-paper wealth.</p><p>Many small-time investors who got caught up in the mania as it peaked lost big. Timing a trade perfectly is nearly impossible even for the best stock pickers, so even those who made money missed out on far greater riches if they didn’t sell at the rally’s peak.</p><p>Whether they set out to make a mint or make a point, these&nbsp;traders rode the GameStop wave&nbsp;up — and down.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f991998f6a7c1cae38b84edd05dacc3\" tg-width=\"820\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Shawn Daumer, 19, near his office in Crown Point, Ind. He said he sold his GameStop shares last week and walked away with more than $65,000 in profit.Credit...Evan Jenkins for The New York Times</span></p><p><b>Money on the Table</b></p><p>What do you do when you’re 19 and suddenly holding a quarter-million dollars in stock? Shawn Daumer went to Hooters.</p><p>Armed with money partly from high school graduation gifts and winnings from trades on stocks like Tesla, Mr. Daumer had spent about $47,000on shares of GameStop the week before it went through the roof.</p><p>It was Jan. 26 — just two days into&nbsp;GameStop’s big week— when he and his brother hit up Hooters, scarfed down 30 wings and got 10 more to go. Two days later, GameStop hit its intraday peak of $483 and Mr. Daumer, a real estate broker in Valparaiso, Ind., was holding 1,233 shares. He was up more than a half-million dollars on his initial investment.</p><p>Mr. Daumer traced his interest in GameStop to the same place many others did: Reddit’s WallStreetBets forum, where armchair traders gather for raunchy jokes, tales of success and even to brag about enormous losses.</p><p><b>Understand What Happened With GameStop</b></p><ul><li>Shares in GameStop, the video retailer,have crashed&nbsp;from their January highs, which were driven by memes on social media.</li><li>Amateur traders&nbsp;egging on one another on Redditbet heavily on shares of the company&nbsp;in January, sending the price up more than 1,700 percent at one point.</li><li>The wave was in part aimed athurting large hedge funds&nbsp;that had been&nbsp;short selling&nbsp;— betting against —&nbsp;GameStop stock. Some of those fundsexperienced huge losses&nbsp;as a result.</li><li>But many of the individual investors who pumped up the stock could lose huge amounts of money, too. Somebelieve the price will go back up&nbsp;and are refusing to sell, even as the share price has collapsed.</li><li>Now, regulators are looking into&nbsp;how the rally started&nbsp;and whethernew rules&nbsp;should be created because of it.</li></ul><p>“Really the biggest part is once you see everybody buying shares day after day, and seeing it live on your own screen, and watching it go up,” Mr. Daumer said in the midst of GameStop’s surge. “It’s follow the trend, you know? If that’s the trend, follow it and it makes you money.”</p><p>But GameStop’s stock abruptly turned down when the trading app Robinhood and other brokerage firms announced a slew of restrictions on the trading of a handful of stocks that had been spiking. Mr. Daumer had about $200,000 in potential profits evaporate almost immediately.</p><p>“I’m still up 500 percent,” he said at the time. “I’m OK.” Besides, Mr. Daumer and his fellow Redditors believed GameStop would soar once more: “We’re going to $1,000,” he said.</p><p>They never came close.</p><p>Last week,as the stock plunged&nbsp;72 percent in two days, he’d had enough. Mr. Daumer put in an order to sell on Tuesday afternoon, and the order was filled Wednesday morning at a price of $91.22.</p><p>He walked away with more than $65,000 in profit, more than doubling his investment.</p><p>Not everyone was so lucky.</p><p><b>A Rude Awakening</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d56965a819f901d26e04fec085eed4a0\" tg-width=\"2048\" tg-height=\"1365\" referrerpolicy=\"no-referrer\"><span>Nora Samir held her GameStop shares too long and lost more than half of what she invested.Credit...David Maurice Smith for The New York Times</span></p><p>It seemed like a dream to Nora Samir.</p><p>She woke up in the middle of the night of Jan. 27 at her home in Sydney. On the other side of the world, GameStop was soaring.</p><p>The $735 she’d put in the day before had doubled. She raced downstairs to tell her mother, who was sleeping.</p><p>“Nora, don’t be greedy,” her mother warned. “You need to take it out.”</p><p>But Ms. Samir, 24, a child-health researcher at the University of New South Wales and a stock market neophyte,</p><p>didn’t sell — she bought.</p><p>After investing about $800 more, she owned just over nine shares of GameStop. She later plowed $1,800 into BlackBerry, the cellphone maker that once dominated mobile email and hadbeen swept up in the frenzy.</p><p>“I was on a high,” she admitted. “When the stock is going up, you don’t think of how low it can go.”</p><p>The high didn’t last long — and the fall was made worse when her trading app crashed, leaving her with little choice but to hold on while GameStop shares plunged.</p><p>She managed to sell one share on the way down, for $134. The shares she still owned on Friday were worth $528. She’s lost more than half what she put into GameStop.</p><p>The lesson, Ms. Samir said: “Don’t be greedy.”</p><p><b>You Only Live Once</b></p><p>Jacob Chalfant, a high school senior from Westfield, N.J., enjoyed how his “diamond hands” were putting the squeeze on Wall Street’s hedge funds.</p><p>A poster on WallStreetBets since he was 15, Mr. Chalfant, now 18, relished the GameStop rally for the pressure it put on firms like Melvin Capital, which had bet that GameStop’s shares would fall.</p><p>In the parlance of Reddit, Mr. Chalfant’s diamond-hard hands won’t fold, unlike the “paper hands” of sellers. He’s still holding the shares he bought for $1,035 — about a month’s wages from his job at a pizza shop and his freelance photography business — when GameStop was trading at $290. On Friday, his investment was worth $220.</p><p>“I’ve come to terms with the fact that I’ve already lost the money,” he said. “Realistically, the stock is not going to go where it was before.”</p><p>But the losses are an investment, too, Mr. Chalfant said. They’ve earned him “internet points” on WallStreetBets. “If you’re saying, ‘I’m still holding,’ you have more clout than if you didn’t,” he said.</p><p>(Many on the WallStreetBets forum insist that GameStop’s shares may surge again. On the other hand, another Reddit forum opened last week where users share tales of losses from trading the stock whose ticker symbol is GME: GMEbagholdersclub.)</p><p>Mr. Chalfant said he and other teenage traders enjoy the gamification of the investing, and many of his friends had gotten in on GameStop just because they thought it was funny, not to make money.</p><p>“We’re living in a system where there’s no such thing as justice anymore and the entire world is falling apart,” Mr. Chalfant said. “Nothing really matters, so we might as well try to have fun while we’re here.”</p><p><b>Collateral Damage</b></p><p>Terrell Jones didn’t need to invest in GameStop to lose money off the frenzy.</p><p>Mr. Jones, a college student from Kenosha, Wis., bought $300 in shares of AMC, the movie theater chain whose stock was also swept up in the attempt to squeeze the short sellers who profit as stocks decline.</p><p>“I just got caught up in the social media hype and just dove right into it,” he said. “I fell for it.”</p><p>When AMC started to fall and he had lost $112, Mr. Jones, 24, panicked.</p><p>“I just had to get out of there as soon as possible,” he said. “It’s a lot of money, we’re in the middle of a pandemic and I have rent that needs to be paid.”</p><p>Mr. Jones, 24, had never invested in the stock market before. Now, though, he feels that he learned a lesson.</p><p>“I realized pretty quick that people like me were up against those billionaires,” he said. “And at the end of the day, those people always find a way to win.”</p><p><b>Losing His Head</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1568d73f6db637748479d972e48a4b97\" tg-width=\"2048\" tg-height=\"1595\" referrerpolicy=\"no-referrer\"><span>“This is money I have already written off,” said C. Arthur Davitt, who lives in Chicago.Credit...Lyndon French for The New York Times</span></p><p>Ordinarily, C. Arthur Davitt is a model of financial discipline.</p><p>He automatically sweeps $200 a month into an index fund, saves enough to get a company match on his 401(k) and has been aggressively paying down his $35,000 in graduate school debt.</p><p>But Mr. Davitt, 29, thought it might be fun to get in on some of the skyrocketing stocks. He put less than $1,500 in GameStop and AMC — the GameStop portion is now down by nearly half, and his stake in AMC lost more than 20 percent.</p><p>“I am not a gambler by nature,” he said, “and this is money I have already written off.”</p><p>Mr. Davitt, who lives in Chicago and works for a company that provides worker assistance programs for employers, figures he might as well hold on to both companies. GameStop just named several new executives, which could help inject new life into the company, he said, and AMC could see a bounce once more people start venturing out of their homes.</p><p>“If I didn’t like GameStop or AMC,” Mr. Davitt said, “I wouldn’t be finding this as enjoyable.”</p><p><b>Another on the Line</b></p><p>By almost any measure, Mr. Daumer, the Indiana teenager, is one of the winners of the GameStop trade. He more than doubled his money, even if he didn’t score the biggest possible payday.</p><p>“Do you fish?” he asked, searching for a way to explain the experience.</p><p>When you’re fishing, he said, and you feel a tug on your line, it might be just a nibble or it might be a bite. If you wait to feel a stronger tug, you risk losing the fish you didn’t know you had.</p><p>The peak, he said, was that kind of moment. He thought it was just a small nibble, and decided to wait.</p><p>“The fish got away,” he said.</p><p>But there are others out there to be hooked, he said. He’s already dabbling in shares of a penny stock, Castor Maritime, which is based in Cyprus. It’s up over 300 percent so far this year.</p><p>What kind of business is the company in?</p><p>“You know what? I wish I could tell you,” Mr. Daumer said. “I just like the numbers.”</p>","source":"lsy1608616134662","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>The Hopes That Rose and Fell With GameStop</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\">\nThe Hopes That Rose and Fell With GameStop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 17:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nytimes.com/2021/02/07/business/gamestop-stock-losses.html><strong>The New York Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret....</p>\n\n<a href=\"https://www.nytimes.com/2021/02/07/business/gamestop-stock-losses.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.nytimes.com/2021/02/07/business/gamestop-stock-losses.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152031988","content_text":"Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.Jacob Chalfant, a high school senior from Westfield, N.J., is still holding the shares he bought for $1,035. On Friday, they were worth $220.Credit...Bryan Anselm for The New York TimesSome wanted to be on the front lines of a revolution. Some wanted to be rich. And by the end of a wild two-week ride where fortunes were made and lost, some just hoped they’d be able to pay their rent.Winners and losers are made every day on Wall Street. And for a while, the unlikely trading boom around the stock of the beleaguered video game retailerGameStopput the little guy on top. Breathtaking fortunes appeared overnight.But they disappeared almost as quickly.At its highest point,GameStop’s share price was $483. On Friday, the stock was worth $40.59. The trading frenzy — powered by online hype over a rebellion against traditional Wall Street powers — had created, and then destroyed, roughly $30 billion in on-paper wealth.Many small-time investors who got caught up in the mania as it peaked lost big. Timing a trade perfectly is nearly impossible even for the best stock pickers, so even those who made money missed out on far greater riches if they didn’t sell at the rally’s peak.Whether they set out to make a mint or make a point, these traders rode the GameStop wave up — and down.Shawn Daumer, 19, near his office in Crown Point, Ind. He said he sold his GameStop shares last week and walked away with more than $65,000 in profit.Credit...Evan Jenkins for The New York TimesMoney on the TableWhat do you do when you’re 19 and suddenly holding a quarter-million dollars in stock? Shawn Daumer went to Hooters.Armed with money partly from high school graduation gifts and winnings from trades on stocks like Tesla, Mr. Daumer had spent about $47,000on shares of GameStop the week before it went through the roof.It was Jan. 26 — just two days into GameStop’s big week— when he and his brother hit up Hooters, scarfed down 30 wings and got 10 more to go. Two days later, GameStop hit its intraday peak of $483 and Mr. Daumer, a real estate broker in Valparaiso, Ind., was holding 1,233 shares. He was up more than a half-million dollars on his initial investment.Mr. Daumer traced his interest in GameStop to the same place many others did: Reddit’s WallStreetBets forum, where armchair traders gather for raunchy jokes, tales of success and even to brag about enormous losses.Understand What Happened With GameStopShares in GameStop, the video retailer,have crashed from their January highs, which were driven by memes on social media.Amateur traders egging on one another on Redditbet heavily on shares of the company in January, sending the price up more than 1,700 percent at one point.The wave was in part aimed athurting large hedge funds that had been short selling — betting against — GameStop stock. Some of those fundsexperienced huge losses as a result.But many of the individual investors who pumped up the stock could lose huge amounts of money, too. Somebelieve the price will go back up and are refusing to sell, even as the share price has collapsed.Now, regulators are looking into how the rally started and whethernew rules should be created because of it.“Really the biggest part is once you see everybody buying shares day after day, and seeing it live on your own screen, and watching it go up,” Mr. Daumer said in the midst of GameStop’s surge. “It’s follow the trend, you know? If that’s the trend, follow it and it makes you money.”But GameStop’s stock abruptly turned down when the trading app Robinhood and other brokerage firms announced a slew of restrictions on the trading of a handful of stocks that had been spiking. Mr. Daumer had about $200,000 in potential profits evaporate almost immediately.“I’m still up 500 percent,” he said at the time. “I’m OK.” Besides, Mr. Daumer and his fellow Redditors believed GameStop would soar once more: “We’re going to $1,000,” he said.They never came close.Last week,as the stock plunged 72 percent in two days, he’d had enough. Mr. Daumer put in an order to sell on Tuesday afternoon, and the order was filled Wednesday morning at a price of $91.22.He walked away with more than $65,000 in profit, more than doubling his investment.Not everyone was so lucky.A Rude AwakeningNora Samir held her GameStop shares too long and lost more than half of what she invested.Credit...David Maurice Smith for The New York TimesIt seemed like a dream to Nora Samir.She woke up in the middle of the night of Jan. 27 at her home in Sydney. On the other side of the world, GameStop was soaring.The $735 she’d put in the day before had doubled. She raced downstairs to tell her mother, who was sleeping.“Nora, don’t be greedy,” her mother warned. “You need to take it out.”But Ms. Samir, 24, a child-health researcher at the University of New South Wales and a stock market neophyte,didn’t sell — she bought.After investing about $800 more, she owned just over nine shares of GameStop. She later plowed $1,800 into BlackBerry, the cellphone maker that once dominated mobile email and hadbeen swept up in the frenzy.“I was on a high,” she admitted. “When the stock is going up, you don’t think of how low it can go.”The high didn’t last long — and the fall was made worse when her trading app crashed, leaving her with little choice but to hold on while GameStop shares plunged.She managed to sell one share on the way down, for $134. The shares she still owned on Friday were worth $528. She’s lost more than half what she put into GameStop.The lesson, Ms. Samir said: “Don’t be greedy.”You Only Live OnceJacob Chalfant, a high school senior from Westfield, N.J., enjoyed how his “diamond hands” were putting the squeeze on Wall Street’s hedge funds.A poster on WallStreetBets since he was 15, Mr. Chalfant, now 18, relished the GameStop rally for the pressure it put on firms like Melvin Capital, which had bet that GameStop’s shares would fall.In the parlance of Reddit, Mr. Chalfant’s diamond-hard hands won’t fold, unlike the “paper hands” of sellers. He’s still holding the shares he bought for $1,035 — about a month’s wages from his job at a pizza shop and his freelance photography business — when GameStop was trading at $290. On Friday, his investment was worth $220.“I’ve come to terms with the fact that I’ve already lost the money,” he said. “Realistically, the stock is not going to go where it was before.”But the losses are an investment, too, Mr. Chalfant said. They’ve earned him “internet points” on WallStreetBets. “If you’re saying, ‘I’m still holding,’ you have more clout than if you didn’t,” he said.(Many on the WallStreetBets forum insist that GameStop’s shares may surge again. On the other hand, another Reddit forum opened last week where users share tales of losses from trading the stock whose ticker symbol is GME: GMEbagholdersclub.)Mr. Chalfant said he and other teenage traders enjoy the gamification of the investing, and many of his friends had gotten in on GameStop just because they thought it was funny, not to make money.“We’re living in a system where there’s no such thing as justice anymore and the entire world is falling apart,” Mr. Chalfant said. “Nothing really matters, so we might as well try to have fun while we’re here.”Collateral DamageTerrell Jones didn’t need to invest in GameStop to lose money off the frenzy.Mr. Jones, a college student from Kenosha, Wis., bought $300 in shares of AMC, the movie theater chain whose stock was also swept up in the attempt to squeeze the short sellers who profit as stocks decline.“I just got caught up in the social media hype and just dove right into it,” he said. “I fell for it.”When AMC started to fall and he had lost $112, Mr. Jones, 24, panicked.“I just had to get out of there as soon as possible,” he said. “It’s a lot of money, we’re in the middle of a pandemic and I have rent that needs to be paid.”Mr. Jones, 24, had never invested in the stock market before. Now, though, he feels that he learned a lesson.“I realized pretty quick that people like me were up against those billionaires,” he said. “And at the end of the day, those people always find a way to win.”Losing His Head“This is money I have already written off,” said C. Arthur Davitt, who lives in Chicago.Credit...Lyndon French for The New York TimesOrdinarily, C. Arthur Davitt is a model of financial discipline.He automatically sweeps $200 a month into an index fund, saves enough to get a company match on his 401(k) and has been aggressively paying down his $35,000 in graduate school debt.But Mr. Davitt, 29, thought it might be fun to get in on some of the skyrocketing stocks. He put less than $1,500 in GameStop and AMC — the GameStop portion is now down by nearly half, and his stake in AMC lost more than 20 percent.“I am not a gambler by nature,” he said, “and this is money I have already written off.”Mr. Davitt, who lives in Chicago and works for a company that provides worker assistance programs for employers, figures he might as well hold on to both companies. GameStop just named several new executives, which could help inject new life into the company, he said, and AMC could see a bounce once more people start venturing out of their homes.“If I didn’t like GameStop or AMC,” Mr. Davitt said, “I wouldn’t be finding this as enjoyable.”Another on the LineBy almost any measure, Mr. Daumer, the Indiana teenager, is one of the winners of the GameStop trade. He more than doubled his money, even if he didn’t score the biggest possible payday.“Do you fish?” he asked, searching for a way to explain the experience.When you’re fishing, he said, and you feel a tug on your line, it might be just a nibble or it might be a bite. If you wait to feel a stronger tug, you risk losing the fish you didn’t know you had.The peak, he said, was that kind of moment. He thought it was just a small nibble, and decided to wait.“The fish got away,” he said.But there are others out there to be hooked, he said. He’s already dabbling in shares of a penny stock, Castor Maritime, which is based in Cyprus. It’s up over 300 percent so far this year.What kind of business is the company in?“You know what? I wish I could tell you,” Mr. Daumer said. “I just like the numbers.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384324166,"gmtCreate":1613617690555,"gmtModify":1634552924497,"author":{"id":"3572250085605483","authorId":"3572250085605483","name":"chinyi","avatar":"https://static.tigerbbs.com/b06294457904a505cadc764ccb33c274","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572250085605483","authorIdStr":"3572250085605483"},"themes":[],"htmlText":"Cool!","listText":"Cool!","text":"Cool!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/384324166","repostId":"1155612715","repostType":4,"isVote":1,"tweetType":1,"viewCount":218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}