Grease Lightening
Do you think Elon Musk’s pay packet—$56 BILLION dollars is worth it?
TESLAs are losing market share because other electric cars are cheaper. Chinese cars, constantly in the news, are substantially cheaper but, so are Japanese, Korean, my personal favourite is the Vietnamese, Vinfast. Ford is building electric vehicles. Stellantis (owner of Chrysler) is.
All cheaper. Notice Labour and production costs are irrelevant, the big factor in cost is PROFIT. Musk’s pay packet?
Not think it odd, Elon Musk came out against Unions, the other day in his conversation with Donald Trump, and their quest for greater Worker pay; https://www.cbc.ca/news/world/united-autor-workers-union-comments-trump-musk-1.7293385, despite his colossal pay packet?
Union guys, like them or not, WORK, no guy does anything worth $56 BILLION dollars. Always remember, Musk INVESTED in great ideas, he did NOT come up with them. Hence, his is UNEARNED income, not productive work. So, why I have no problem taxing upper echelon capitalists like him, here.
The issues, then, obviously, are not production and Labour costs for TESLAs, but the validity of profit when Share Value trumps product relevance (not sure about that word) and what that means. My big thing is truth; how is the market then gaged?
I am against oil because electricity is cheaper, but I prefer market diversity. So, I didn’t care about the XL; I did care about the government interfering in Business to buy it. Then, having to unload it at a loss.
This post is about oil and its shrinking demand: https://oilprice.com/Latest-Energy-News/World-News/Underwhelming-Oil-Demand-Could-Force-OPEC-to-Delay-Easing-of-Cuts
This one is about our government’s choice to invest in the TM pipeline, nonetheless, and how the pipeline supports our trade surplus; https://financialpost.com/news/economy/trans-mountain-pipeline-fuels-canada-trade-surplus. This story contradicts that narrative: https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-expanded-trans-mountain-pipeline-capacity-fails-to-lift-canadian-heavy.
And, the point is ultimately about Share Holder Value and whichever story generates the greater share price for investors, and not related to the purpose of the pipeline at all.
Like TESLAs?
Expanded Trans Mountain pipeline capacity fails to lift Canadian heavy oil price. The Trans Mountain oil pipeline expansion (TMX) was meant to shrink the discount on Canadian oil versus U.S. crude but three months in the differential is wider than when commercial operations on the project started