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Message: When it rains...

When it rains – it pours. All the good news came at once, literally speaking. Production starts in a few weeks, T-P is all ahead and “split” will be voted by the end of the summer.  What not to like? 

 SP continues to inch towards $24 as I mentioned earlier, thou a small pullback is in a cards. But we should never again see LAC  at $18 or $20 .  No wonder management was quiet, they are busy.  The only black swan events are the recession and Europe with their constant wars. Hopefully upcoming elections over there and a visit from the Chinese minister will bring some cool heads to the table.

 Nothing we can do about the recession and banks crisis.

EV continues to be expensive but there is hope.  Some small models from China might push EU makers to cut prices also.

  In the US  if one wants to get into EV –I think it only makes sense to buy a large hybrid but use a small EV as a commuter car  (to work and back plus local shopping).

 “All ahead”. – That expression is very common during “White water “ rafting.

  GL.

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