Listen to “AAH #718 – Sandy Munro Talks Trump, Musk and EVs” on Spreaker.
– Trump Administration’s impact on auto industry
– What role will Elon Musk play in new Administration?
– Sandy’s thoughts on Tesla We, Robot event
– Benefits of unboxed assembly
PANEL:
Sandy Munro, Munro & Associates
Gary Vasilash, shinymetalboxes.net
John McElroy, Autoline.tv
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AAH
At age 74, I sold my TSLA stock to buy a solar roof. Bought the TSLA for $80/share before the 6x splits. But the only way to take a profit is to sell it because TSLA offers no dividends. In contrast, the solar roof will pay a monthly dividend, all but eliminating my monthly electric bill. Why now?
Elon has gone “Rainman”, a brilliant engineer who is too easily fooled and manipulated. He has become the frog who put a scorpion on his back to cross the flood of time.
Selling the TSLA stock, I’ve got a substantial Capital Gains tax coming next year. But today, the solar roof comes with tax credits to zero out that tax bill. Rumors are the scorpion will end electric and solar subsidies.
The scorpion’s sting are tariffs on the solar roof parts. Those parts will never be cheaper than they are before the tariffs kill them.
So Elon will look at the scorpion and ask, “Why did you sting me? Now we will both drown in the flood.”
The scorpion answered, “You knew my nature when you let me ride your back.”
I’m not selling my 140,000 mi, 5 year old, Tesla Model 3 with Full Self Driving. But when it reaches “End of Life,” I see what the market has. Meanwhile, keeping my backup and City car, a 72,000 mi, 7 year old, BMW i3-REx.
As I recall whe the Viper came out Bob Lutz talked about the same thing about the no’s trying to improve the vehicle and they had to go ahead with the project or it would never come out. I had the same experience at Chevrolet Engineering where I spent my whole career there and got in trouble in trying to innovate. Retired 25 years ago.
“Got in trouble in trying to innovate”, been there!
My last job was data network engineering (aka., the internet) and discovered I really liked to do “tail site” jobs. Usually, no time, small budgets, and dealing with universities or contractor sites. I always got to deal with the sleep-starved, over-worked, network technologists who lived close to the technology.