Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Can anybody figure if BTU maybe made
a little money after subtracting this
HUGE Write-off? Almost a $Billion and Half.
100 million shares times $16/share = a LOSS of
$1,600,000,000 !!!
That seems beyond impossible.
FORD - How could they possibly LOSE
that much money!!???!!
Well... the stock price didn't give much
in the way of a head flinch today.
Would portend that earnings are gonna
be pretty much as advertised by the gurus.
It's still beyond crazy that the company
that provides multi-Billion dollar TSLA
its fuel does nothing but languish.
Heck - you'd think TSLA would buy
BTU with its pocket change.. so could
keep an eye on what fuels it.
GEEESCH
FORD-what does that mean for the earnings..
coming out tomorrow (8/5) morning.
And especially the stock price.
Without coal America would collapse.
Yet the value of BTU is 1/546th of Tesla..
that would collapse without coal.
TSLA Market Cap = $300,000,000,000
BTU MC = $300,000,000
The Market Value of these Electric
vehicle companies is getting out
of control.
Their combined stock "Market Value" is
making them the most valuable item
in the history of the World.
Even more than tulips.
That brand new Li Auto already has
value of $15 billion. IN a week!
Although the US Electric car companies
are not joining in the Electric
extravaganza at all.
Nor are the Europeans.
OTOH - A $billion dollars isn't
what it used to be. :) :) :)
Kinda like the last nail in the coffin..
after this (for me) 22 year odd-isee.
Doc,
Your (sad) report sounds like you know
GE quite well.
Except squeaky Welch was 1 of the most
over rated goons ever.
Moon - I see what you did with the Trump
comment there.
Quite clever.
If you only knew in advance.
Maybe Tesla will buy GE. There must
be some stuff GE can do that Tesla can
use.
OH wait - Tesla, itself, is mostly a
trick-pony mirage.
Aug 11 earnings: I would be interesting to see what
the stock does if NIO actually has a profit.
SKYROCKETING is not out of the question.
CPAMAN - Any comments? eom
PS (stock loss) Worthless Securities and Your Taxes:
Normally, you must actually incur a capital loss before you can deduct it. In other words, you must actually sell your stock for less than what you paid for it. However, if your stock becomes worthless – because the corporation that issued it dissolved, for example, the IRS still allows you to claim a loss.
Your capital loss typically equals the stock's adjusted basis minus its sale price. The adjusted basis normally equals the price you paid for the stock plus any other amounts you had to pay to purchase the stock, such as broker's fees. If you cannot sell your stock because it is worthless, the IRS allows you assign a sale price of zero and use this figure to calculate your capital loss. If you sold your stock for pennies, on the other hand, you should use the actual sale price to calculate your loss. To the IRS worthless stock is that which is actually worth $0, not close to $0.
A little more info:
You report capital losses on Form 8949, Form 1040 and Schedule D. Prepare documentation that proves the stock is worthless and establishes the approximate date on which it became worthless. You don't have to submit this documentation with your tax return, but you will need it if the IRS audits you.
Charlie - ETrade? I was kinda sorta gonna
write off the millions of shares I own by
assigning it a value of zero.
Normally a person would show their accountant
what they paid for the stock and what they
sold it for. And difference would be the loss.
But I am not sure if ETrade (or TD, etc)
will even reflect a sale for the person.
When the stock is not even trading for
years and shows no value anywhere?
DEW - Good Plan. Even if they spin off the
Electrical stuff.. I guess it would mean
NIO stock owners would own 2 companies!!
DEW - About NIO from that Report ["cash strapped?!?]
["spin off"?!?] :
* Nio, however, plans to expand its battery-swapping network by 40% to 173 stations this year. It currently runs 25 supercharging stations but offers users access to more than 300,000 public chargers from service operators on its app.
*The cash-strapped EV maker has reportedly spent RMB 2 billion on charging service network and been looking to spin off Nio Power, its EV charging service unit in search of external funding since mid-last year, with no updates being disclosed.
Slightly OT - All my life I have wondered how people can
learn those characters?
And the latest honor is this new company
is named after (the same as) the boss
of our company.
Brand new EV maker LI already has higher
Market Cap than NIO. In 1 day.
BURP!
PS
Isn't that our NIO boss's name?
If the numbers are as good as we hope.. it
should add even more credibility to the NIO
gravitas and more and more believers will
be created.
[$5 to $38] Did anybody see this coming? Should have dumped
all your NIO (and anything else you could sell)
And bought stodgy old Kodak. On Monday morning.
https://finviz.com/chart.ashx?t=KODK&ty=c&ta=1&p=d&s=l
$5 to $38 !!
Money-losing electric cars are the rage
right now. Maybe windmills will be next.
GE is tied for being the biggest windmill maker.
What's going on here! Good to see it is
down with only light volume.
BUS - I agree. And the other car companies
worldwide are like an avalanche at the top of a
mountain ready to pour down on Tesla stock
at any moment.
Wait until NIO comes out with their sports
car to match that new Mustang E.
New way to calculate the stock value of electric...
these electric car companies:
excerpt:
Adding up deliveries from November 2019 through the end of the second quarter 2020,
1. NIO is valued at, including debt, about $1.2 million per delivery.
2. Li Auto's comparable valuation is about $750,000 per delivery.
(It looks like Li stock offering will come out at a discount to NIO.)
3. Tesla, by the same math, is valued at roughly $1 million per delivery which took place between November 2019 and June 2020.
"Will gradually realize complete separation
of vehicle and electricity in the third
quarter of this year."
Will it all still be under the NIO stock brand?
What's this "power battery pack". I looked
but did not see where it is described.
http://www.cbea.com/djgc/202007/063217.html
PS - Does GE still own Honeywell? eom
Just wanted to get in to be Post 10001. eom
Checking in. But nothing new (knew). eom
Chuck, I am new here. But thought they were
gonna be electric bikes. Hybrid?
I got confused at what look like gasoline
motorcycles in the "Steve McQueen pictures.
I cannot find any pictures of the
actual (electric) bikes.
Oops - It looks like they made them look
that way for the "LOOK".
Let's hope this is "all" NIO is gonna flop
for a TSLA flop.
Houston?
Consulate?
America closed its Houston Chinese consulate. eom
Looks like NIO waiting for TSLA results tomorrow.
Let's hope a lousy TSLA report is already baked in NIO stock.
Tesla better have good news tomorrow. Or likely
to take entire electric market with it.
IE - TSLA good new is baked into the market.
I wish there was more volume in this increase.
TSLA Up (a little). NIO tumbles. NIO
would seem to have a lot more going for it.
2 HUGE down gaps that have to be filled.
I think this GREATLY disagrees with about 20
other stock gurus.
With the recent rally, Nio's valuation was stretched.
Nio's shares are trading at 14 times its trailing 12-month sales compared to
bigger rival and market leader Tesla Inc's (NASDAQ: TSLA) 10.90.
The average price target for Nio, based on five
analysts covering the stock over the past three months,
is $5.70, with the high and low forecasts at $7.30 and $2.50,
respectively, according to TipRanks.
HUGE Opening down gap to fill. -$1.06. eom