I disagree with that notion. It sounds like you own shares of Tesla.
Bank regulators seize Silicon Valley Bank in largest bank failure since the Great Recession .... Wells Fargo ??
- Thread starter Gemini
- Start date
i wonder if this has anything to do with the Bank of China fiasco
I agreed... but they wont... it may even appear like they may, but even if they do it wont be as harsh as it should be...shit crazy as hell!!
Hell yeah and still buying. Doesn’t that support what I’m saying though? What exactly do you disagree with? Name an auto manufacturer that is more profitable than Tesla right now. Name one that is growing faster. Name one with more profit per vehicle. Hopefully you aren’t the type that just can’t admit you were mistaken and instead cop some shares. Tesla is killing it while their competitors are suffering. GM is offering buyouts right now. They are in big trouble.
I keep telling you guys to keep Elon out of this he already have bigger issues to continue with
Its only profitable through selling carbon offsets
Tesla has never had a profitable quarter from selling cars
worse - Tesla is carrying exponentially higher amounts of debt than its competitors
BS. Post your sources.
Christ almighty.............97.3% of SVB deposits aren't FDIC insured
Monday is about to be a shit show for the market.
Circle says $3.3 billion of USDC reserves are with Silicon Valley Bank
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After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank, which collapsed earlier in the day and was placed in FDIC receivership.
Circle, the crypto payments firm behind stablecoin USDC, confirmed late Friday evening that $3.3 billion of the cash backing its coin remain with Silicon Valley Bank.
www.theblock.co
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After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank, which collapsed earlier in the day and was placed in FDIC receivership.
Circle, the crypto payments firm behind stablecoin USDC, confirmed late Friday evening that $3.3 billion of the cash backing its coin remain with Silicon Valley Bank.
Circle says $3.3 billion of USDC reserves are with Silicon Valley Bank
Circle says USDC's exposure to Silicon Valley Bank stands at $3.3 billion.
He is right, but they can’t have the cake and eat it too. If you have a high deposit in a bank, you better make sure that bank is doing the right things. The federal government cannot help everyone especially rich people in these situations. People will high balances needs to start dealing with credit unions “establish” credit Union.
You know you look deeper into the situation seems like people was money laundering all over the place with this damn bank. You are going to hear more crazy news coming out from their balance sheets. Even some of the bigger banks which are shady their selves didn’t want to deal with some of these people. This is interesting.97.3% of SVB deposits aren't FDIC insured
Technically, he is right Tesla did not make a profit until 2020. This is from Forbes……”It took Tesla 17 years to turn a profit when it announced that 2020 was the first full year of profitability in the company's history. While the company generates substantial revenue from automotive sales and regulatory credits, it took some time to profit due to production costs and supply chain issues.”
Is not the same as
Facts:
1.) Tesla has been profitable from selling cars.
2.) Tesla is profitable without Carbon offsets.
3.) Tesla is not debt ridden.
Most manufacturing companies take years to turn a profit because of the initial costs of manufacturing (construction of factories, the equipment, and employees). This is why that article is saying they weren’t profitable without subsidies until 2020. Currently, Tesla is receiving the most profit per car. In fact, Tesla is receiving 8 times the profit per car than Toyota right now. They are getting over 20% margin while most auto manufacturers are getting single digit digit margins.
Businesses use debt strategically. Tesla currently has more cash on hand than they can spend. This is why shareholders are asking for a buyback right now.
What? You trying to change around actual history? What I just told you is 100% correct what you don’t understand about that. Tesla is not a sound company right now…. They just turn the profit in 2020.
The more I’m reading on SVB the worst the outlook is looking on the Tech industry. Especially in the Bay Area. Big Tech already did layoffs and now Startups are trying to figure out payroll. Things are going to get really interesting.
That wasn’t my point…..,my point was they did not turn a profit until 2020.
And….
Oh ok, threw me off because you quoted the other poster. Tesla wasn’t profitable until 2020 but highly profitable currently.
Covid was killing the economy and all kinds of decisions were made that will hurt. Money printing, deregulation, and increased debt. The coming years are going to be harsh.
Also, what Trump did
There are some Republicans that want to see this whole shit fall so they could take over but it’s not enough of them so they want to just fuck up everything going out the door. When I did for the research on how this bank failed and what Trump did when he was in office everything made sense at least to me. I said this during the midterms voters need to keep Republicans out of office or shit is going to go super sideways, and we may not ever recover. Just to be on the safe side I saw some of my company shares plus I have a bucket of money in a few places around Atlanta just in case shit goes south.
Im for that.
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