In an amazing piece of good news for the planet, Australia has seen a massive rise in the number of electric vehicles sold.
New figures from the Electric Vehicle Council show 6718 electric cars, including hybrid plug-ins, were sold nationwide last year, up from 2216 in 2018.
That’s a tripling of the number sold in the previous year. Hurrah for Australians!
Oh, hang on:
Australia trails the world in the take-up of electric vehicles, with the plug-in market about 0.6 per cent of the total market, compared to Norway’s 56 per cent, Iceland’s 25 per cent, the Netherlands’ 15 per cent and China’s 4.7 per cent.Oh. 0.6%? A bit of work to do then, and unlikely to be the biggest contributor to Tesla’s share price leap this week.
Also, there’s the awkward and inconvenient truth about how electricity is generated in Australia:
Bills Opinion
If you drive an electric vehicle in Australia, you’re an idiot.
Not only is the infrastructure not in place outside of the mung bean munching inner metro suburbs, but the electricity is generated by coal.
You’re simply signalling your virtue, disposable income and the obvious fact that you don’t visit anywhere more than a couple of hundred kilometres away from home unless you fly.
Finally, and on a related note;
A YEAR, GODDAMN IT!
What makes EVs feasible or in, is the price differential per kilowatt of energy between electricity and petrol/gasoline. Australia and some other countries have hellish expensive electricity. The Yonited States, well most of them, have affordable electricity. Who knows what the fox is going on in Norway, for much of the year a pretty chilly country, where if you turn your car heater on, your EV shudders to a halt. Perhaps the government pays the peasantry to buy the jolly things.
“Australia and some other countries have hellish expensive electricity. “
Imagine how daft it would be if a country were living on top of the worlds largest uranium deposits and yet not having practically free power.
I have a confession to make, I am invested in EV’s, two wheeled ones. That would be Vmoto Australia’s only EV manufacturer. They are going gangbusters in Europe, have a Ducati brand, early mover advantage, are supplying all the mopeds to GoSharing a rapidly rising Dutch ride sharing company that is backed by the pro-Green Dutch Radobank.
So you could imagine how pleasantly surprised I was when they announced that they had supplied the mopeds to eMoped, Australia first vehicular ride sharing company, that will be launching in Brisbane next week!
I will be sure to post a picture of me sampling my products locally.
EMOPED – AUSTRALIA’S FIRST RIDESHARE LAUNCHES WITH VMOTO’S CUX MODEL
https://www.asx.com.au/asxpdf/20200131/pdf/44dnynbbf1xzt0.pdf
You may recall I posted some time ago that although there is nothing wrong with coal, or the demand for it, it was on the nose from an investment point of view. Well its gotten worse, Blackrock sold down all of their coal related investments a fortnight ago. I have one Mackay based coal miner (not coal seller) that is going exceptionally well, spitting out cash and buying other firms for cash but their share price is slipping, I will give them another quarter and may have to cut my loss on them.
We are losing the battle.
How the fuck does Eon Musk do it, Tesla now bigger than all the major US car manufactures put together, he truly is the great short slayer!
I’ve heard those bikes are fun!
I will let you know what I think when I try them out, its certainly a good concept.
By the way Vmoto is still very good value to buy, its my biggest potential 100 Bagger unless they get bought out. They are the new Honda, better still Tesla or are you just grinning like a Cheshire Cat with your gold bars.
Gold bars and gold miners!
Watch out with that fever, next we will have the Man From the Klondike River on here singing with his banjo.
I hear that the shiny stuff cures viruses as well.
I done my arse on British Telecom, I should have sold after the election but held on, they went ex div late December, then fell, and fell and are still falling, they epitomize what is known as a “value trap”. Never again.
“unlikely to be the biggest contributor to Tesla’s share price leap this week”
I have thought long and hard about the Tesla share price leap and subsequent tiny pull back due to profit taking this week and can only put it down to one thing. They are very much a poster boy of the elites agenda to not only move us away from fossil fuels, but to stop us getting behind a steering wheel with their push for autonomous vehicles, Uber similarly and questionably throw billions in capital at autonomous vehicles which is not their core loss making business. Tesla are being supported behind the scenes by the elite, this is the only rational explanation as to why Tesla could have survived as long as they have with so many production issues over their entire life and such a poor balance sheet.
I say this in the full understanding of what growth stocks are, i.e. stocks that are priced to their future potential, with often mind-boggling high valuations, most of my stock success are in growth stocks. Some say the days of value investing are over, I don’t know, but I do know that value investing has been substandard for me.
For example, one of my investments is in Audinate (ASX:AD8) an Australian international entrepreneurial company that has some pretty neat plug and play software for sound in the professional sector, with video coming, they supply the sound tech in the Facebook HQ. Their valuation is an eye watering high and maybe one of the most expensive stocks on the ASX with a Price to Earnings of 801 ie investors are paying 801 dollars for every dollar profit! Even though they have a global monopoly which is why they are excruciatingly expensive, they are still a stock that you feel a tad nervous holding, unlike Tesla, any problem in any aspect and their share price will be decimated in seconds.
Tesla don’t have an actual PE ratio as they have never made a profit, this is not a concern for a growth stock, as growth is more important than profit, I agree with this and hold a number of stocks that have not yet turned a profit, Amazon is good example of this, although I don’t hold them.
So, it is not the non-profit making nature of Tesla that has brought me to this conclusion either.
Lastly on the ethical investment activism that is in play with the likes of Blackrock getting out of coal, quite ironic with a name like that, when you think about it a bit wider and even if you supported the cause, such withdrawal of support for investment does not actually harm the company, it only harms the person that holds the shares. And as mentioned in the OP, if you are getting into EV’s in Australia you are creating demand for thermal coal. The only way to harm a company you don’t like is to not buy their products and convenience those around you not to, so buying an EV does not stop coal demand, quite the opposite.
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Tesla is Now Bigger Than Ford, GM, and Fiat Chrysler Combined: How It Got Here
Is it all hype, or is the future really so bright for the electric vehicle pioneer?
https://www.fool.com/investing/2020/02/04/teslas-now-bigger-than-ford-gm-and-fiat-chrysler-c.aspx
I’m disappointed you fell for the Blackrock publicity trick.
https://energypost.eu/7tn-investor-blackrock-announces-coal-divestment-but-not-across-all-funds/
Only funds with >25% in coal….
I was aware of that, plus the unpublished bit about the commercial in confidence advanced notice of their intentions provided to their previous shareholding colleagues over a glass of brandy in the cigar smokey settings of an old boys club in Mayfair. They dont do this for the environment, its just business.
They got us in their sights, and they will always beat us with their economic warfare.
You know where I stand on the environment and my views on reducing real pollution, I am also a technocrat, but as a survivalist I will be selling down my coal stocks and my advice to Shorters would be not to short any multinational, over hyped and over priced stocks that are in the NWO sector.
Yes, shorting Tesla seems to be a new form of masochism.
I note there’s talk of nuclear energy in the Australia media. That’s a good sign for anyone with a large holding of uranium.
I would love to see us split the atom down under, but I think it is a very long bow. Looks like there is more trouble brewing in the fragile Lib-Nat alliance with ScoMo bowing to pressure and not saying too much anymore about the promised new coal fired power stations.
The good news and I would say punt, is that Lithium is the new black, again. I done well on the first run up and thankfully got out before the rout, but I would say the price floor is now in and it will be up, up and away from her on in for this pro climate-chnage agenda sector.
Vmoto my ESG investment, have an ongoing recurring revenue line when they supply electric bikes, replacement batteries are becoming a much sought after and profitable business line and they cannot make them fast enough in China anymore
Then there is BoJo………………..
Bring back Maggie, I say
“A ban on selling new petrol, diesel or hybrid cars in the UK will be brought forward from 2040 to 2035 at the latest, under government plans.
The change comes after experts said 2040 would be too late if the UK wants to achieve its target of emitting virtually zero carbon by 2050.
Boris Johnson unveiled the policy as part of a launch event for a United Nations climate summit in November.
He said 2020 would be a “defining year of climate action” for the planet.”
https://www.bbc.com/news/science-environment-51366123
Omitted this for my last post.
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Lithium miners rally on Chinese electric vehicle subsidy news
….Shares on the up
This uplifted market sentiment is reflected in the rising share price of some Australian miners, such as Pilbara Minerals (ASX: PLS), which is focused on developing its 100% owned Pilgangoora mine near Port Hedland in Western Australia into a world-class lithium and tantalum production centre.
In November, the company announced a decision to “moderate production” from the mine in response to reduced customer demand and softening market conditions.
However, the miner’s stock has risen by 33% over the last month and is up by more than 16% in the last week.
The share price of Galaxy Minerals (ASX: GXY), which is targeting a final investment decision on its Argentina-based Sal de Vida lithium brine project by mid-2020, has also grown by more than 28% over the past month and is up 29% in three months.
In addition, Orocobre (ASX: ORE), a lithium carbonate producer with operations in Argentina and a lithium hydroxide plant under construction in Japan, has experienced a 30.4% price boost in a month…..”
https://smallcaps.com.au/lithium-miners-rally-chinese-electric-vehicle-subsidy-news/
I have a question for you; what have you lost money on in the last five years?
Unsure of the sincerity of your question but I will answer it anyhow.
Actual crystallized capital losses ie not assets that I am upside down on based on their current market value and am still holding, various shares, with BT being the biggest hit as I sold at a 16% loss, on a large holding.
Revenue loss, various investment properties still held that are running at an annual loss on holding costs, capital value has increased though.
Thanks.
Was a sincere question, just checking there wasn’t a bias towards only reporting the wins like my brother in law and casino visits!
On the subject of winners, you may recall a stock called Wiser that I have been banging on about, I also put my money where my mouth is on them.
They are Australia’s first “neo-lender” non bricks and mortars on line lender, a fintech that is focused on the millennial market.
Their stock is in high demand and has doubled in value in the less than two months that I have owned them, see my balance attached with the allocation blocked out. This kind of high growth is uncommon and its the first time I have had experienced it as well and it goes some way to justify investing ie more winners than losers overall.
I find stocks prices are volatile and its two steps forward, one step back over the longer term, but not for the fainthearted.
https://ibb.co/0hfH3NF