I am a very happy GSPE shareholder today. It is because I have already acquired all the GSPE shares I need. I may considered adding more shares at some point, because nothing ventured….
Taking progressives at their word, and accepting that they ‘might’ be accurate in their assessment of about 20% of vehicles sold in 2050 will be EVs.
Think about it some. So if EVs are so great, what is restricting the demand for them 27 years from now? I think progressives protest too much about the demise of gasoline and diesel powered vehicles. I am not in the market for an EV. And it appears I am not the only one.
Then you have the ‘leadership’ of GM proudly proclaiming that, by 2035, GM will only make and sell electric vehicles. If only 1 out of 5 vehicles sold in 2050 is electric, then I suppose GM management expects there will be no competition in that slice of the market in 2035.
Because if there is, how does GM propose to stay viable and avoid bankruptcy selling maybe 20% of EVs in a marketplace where only 20% (or fewer) of vehicles sold are electric?
Perhaps they can get another government bailout. Wait! I want to see the terms of that government bailout in 2008. Will Government Motors be given tax exemptions? Or allowed to dump union jobs, pay, and benefits? Did the Feds get any GM stock for the $50 billion in the bailout? Just asking, not saying. Something is missing from these calculations.
Regardless, today I will make the prediction that, by 2035, FEW of the current management at GM will still be employed there. Or else the company will be almost insolvent after undergoing layoffs and restructure.
Sell GM stock now and buy GSPE shares today. By 2035 you will be glad you did.
Mrs. Smith
