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Friday, March 29, 2024

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  1. phil

    Yawn!  What a boring market. 

    I had such a nice weekend and was ready to hit the ground running, this is really not doing it for me…

    AAPL giving the Nas a nice boost but dead otherwise.  

    Oil $103.42, can't get back over $103.50 but no Earth-shattering kaboom yet.  

    SCO/Akad – Unfortunately, since May is the start of "Summer Driving Season", we may never get the dip we hoped for if it doesn't come this week.  More likely we'll need to take our losses and stay away from oil shorting for a while (except Futures for the quick in and outs).  For now, I certainly don't want to throw good money after bad if oil is determined to hold this high.  

    Musk/StJ – He's a genius all right, but at what?   Now TSLA's popping to $205.  

    BEIJING—A group of disgruntled Tesla Motors Inc. customers in China is protesting delayed deliveries of their cars one day before the electric-vehicle maker is set to make its first China delivery.

    The furor underscores the challenges facing auto makers in marketing new-energy vehicles in China, which so far hasn't delivered on the promise of becoming a major new market for electric cars.

    Now, some once-enthused customers like Sam Long are unhappy with the reason he says Tesla is offering to explain the delivery delays. "The company told me they are still training electricians in Zhuhai," said Mr. Long, referring to the southern Chinese city where he lives. "I feel my rights have been hurt."

    Mr. Long, a 37-year-old businessman, said he ordered his Model S last year but that as of Monday the Tesla website showed his car has yet to be manufactured. Mr. Long and 22 other consumers who booked Tesla cars have recently hired attorneys to negotiate with Tesla over the delivery, he said.

    Tesla spokesman Simon Sproule said the company wouldn't ship to customers outside the major cities of Beijing and Shanghai until June because of a lack of service centers and charging considerations. "You would never sell any brand unless you have the tools to service it," he said.

    Tesla doesn't report order numbers, only deliveries on a quarterly basis, Mr. Sproule said. In a January interview, Mr. Musk said he would consider it a success if Tesla sold 5,000 vehicles or more in China this year.



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