TOTAL MARKET INSANITY: Toyota vs. Tesla
The present market insanity reminds me of the similar mentality of Americans right before the 1929 stock market crash and the pre-1999 Tech Bubble. However, the big difference today is Continue Reading
United Airlines sending ‘gut punch’ furlough warnings to 36,000 workers
United Airlines ( UAL.O ) said on Wednesday it was preparing to send notices of potential furloughs to 36,000 U.S.-based frontline employees, or about 45% of staff, as travel demand Continue Reading
Tesla ‘very close’ to level 5 autonomous driving technology, Musk says
U.S. electric vehicle maker Tesla Inc ( TSLA.O ) is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability Continue Reading
The Coronavirus Redraws the Car Market’s World Map
In recent years, purchasing managers indexes have become important indicators of where the global economy might be heading. But in the current slowdown, where small businesses were some of the Continue Reading
Self-Driving Fully Electric Cars Will Be the Ultimate Green Move
Cars aren’t going away any time soon. So the ultimate green move will be combining two emerging technologies: autonomous driving and fully electric cars. Autonomy brings efficiency in driving and battery Continue Reading
US gasoline demand recovery slows as top-consuming states face coronavirus outbreaks
While US gasoline demand continues to recover from April lockdowns, driving fell last week in three states hit hard by rising coronavirus cases, highlighting the ongoing risks to oil demand Continue Reading
Oil Demand To Rebound Despite Spike In COVID-19 Cases
US Oil inventories declined by 7.20 million barrels w/w OPEC+ compliance is said to have exceeded 100% in June Angola is said to be unable to compensate for its missed Continue Reading
US Oil Exports Can Compete at $30 Break-Even
Asian economies that appear to have a handle on the initial macroeconomic destruction caused by COVID-19 also happen to be prolific buyers of U.S. light sweet crude. The near-term economic Continue Reading
Crude Slips in the U.S. With Bleak Summer Demand Outlook
U.S. crude futures edged lower with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery. As coronavirus infections rise across much of the U.S., major Continue Reading
Tesla’s Ambitious Plan To Ditch Cobalt
Lithium-ion batteries have proven to be a key link in global supply chains, placing these unassuming electronics at the crux of the future of electric vehicle markets around the world. Continue Reading