All legacy makes bankrupt by 2024

[101101]

This is not investment advice. And yes some native Chinese legacy makes will not go under as they transition but may consolidate. And yes there may be attempts to hide legacy maker bankruptcy from share holders-for instance Sony was bankrupt for all intents and purposes not long ago but the sponsored lap dog media never covered it- and BMW has been claiming it sold more cars than it did over the last 5 years (see SEC settlement.) But they won't be able to hide this. It will be bigger than a diesel gate going on simultaneously on each continent.

Legacy make managements surely know they are going under very soon and if there are exceptions where the CEOs aren't somehow very clear on it the rest of the management is surely clear on it. They just aren't telling their share holders. If you want to be charitable you could say they are waiting for a miracle. But really they are shirking their fiduciary duty. They might be able to say it was a fossil fuel conspiracy based on concrete state policies- the government made us do it. What excuse will institutional fund managers that divest too late have? It wasn't foreseeable? That's laughable.

These will be deep bankruptcies that mergers won't forestall. Won't be more than 5 brands left only 3 former legacy makes after their bankruptcies- Tesla, Nio and surving post bankruptcy restructured Hyundai, Toyota & VW. The Big 2.5 will be gone!

Legacy makes are simply not ready and they won't make it through 2023 where their sales drop by more than 75% for the full year because everyone recognizes their products by value and performance are utterly and totally obsolete and refuses to buy new ICE or settle for compliance versions of EVs. None of them will make it through even a single year of that.

What about VW? Its further in the rear view mirror. Its electrics are so far behind and getting further behind they might as well be dead ICE and the bulk of the firm and its valuation and sunk cost is still fully based on dead ICE. Toyota? The Mirai even the new one is lame and solid state is irrelevant now.

Motes are stupid but thresholds aren't and Tesla is crossing a winner take all threshold right now. Never been a firm in history as aggressive as Tesla. 50% of global auto and energy markets is just a start- regardless both will be zero fossil fuels- natural gas is dead. Funny speculation about what if weasles weighed 60lbs or 60kg- nothing else would be left. Speed kills and all the laggards are on their way to the down for the count mat right now.

 

[101101]

One of those fake (sponsored) 'analysts' was apparently (I caught this 2nd hand) on the Tesla earnings call whining about Tesla as a monopoly. So that was the supply side robber barron parasite families trying to prefigure and seed FUD on them getting a do over on their parasite rent seeking cause its only justice if its total injustice. Purely despicable. But foreseable and hilarious. News flash for them is its not a monopoly as a public company when its a social benefit company to begin with and as a huge public service its stamping out elite parasitism and strengthening the distributed equitable basis of democracy... also and despite being a corporate actually saving humanity and setting a standard that will get parasite firm's charter's yanked. Laugh my arse off when Tesla catches that floating gold astroid with one of its rockets and chows down.

I heard a story yesterday that made so much sense with regard to the self appointed greedy chemical royalty. So imagine a level of corporate scum (private in this case) much worse than even the petrarchy stuff. Remember when lake Erie caught fire and the Hudson as well in the 60s? Apparently the geniuses instead of changing their way and processing their chemical wastes at expense of there useless unjustifiable profits- have been taking these chemical wastes which are much larger by orders of magnitude than their product yield and going one beyond even putting it in our food and water. Seems they've been storing it in tanks for long periods, letting it age like fine wine sometimes acquiring evolving biological sludges and pathologicals in the process and using old retrofitted airliners from private air bases around the world and just dumping it into the atmosphere where the metal elements alter climate and melt the caps and contribute to warming and climate instability. Governments ignore it or can't do anything about it. It gets blamed on the Exxons and Chevrons but its the Duponts and Dows. Blame it on the subsection of the chemical industry known as petrol ( not without good reason to be sure) but its still more shell gaming. Maybe this type of nonsense is the reason the natural gas industry wrongly and idiotically thinks it can hide out in the open behind non viable hydrogen. Its idiot criminal logic to protect illgotten extraneous profits which amount to theft. Can't let cons run your society. Brilliant, they don't process waste at all they put it in food, water and air they just spread it out. That is the definition of criminal. If you look at stuff like the now defunct Changing World Technologies tech this stuff could have been broken down, this energetic dilution that leaves some of this stuff with is toxic indefinitely out there loading us all down was completely avoidable. Needs to stop. Maybe knowing how jacked up it really is helps sell out politicians on the the left like AOC, Markey, Warren, Bernie, Gillebrandt and Harris rationalize accepting campaign contribution from fossil fuel after signing to the lip service no fossil fuel money pledge.

The part of the chem trail dumping theory I don't quite understand is: its a lot of liquid waste- too much to go skyborn with so why store it, is that about letting it evaporate and off gas until a reduced mass can then be air dropped to dispose of it?

 

[bwilson4web]

One of those fake (sponsored) 'analysts' was apparently (I caught this 2nd hand) on the Tesla earnings call whining about Tesla ...

I recommend listening to the audio and/or reading the transcript. My impression:

• retail questions - important, illuminating, and useful
• individual analysts - not sure how they were identified but OK
• institutional analysts - wandering around looking for a 'clue by four'

Bob Wilson