01-21-2021, 12:40 PM
(01-21-2021, 10:39 AM)EricL Wrote:Damn, you are starting to sold old lol. Fundamentals do not matter in this phase of the bull market. You have seen this movie before. It might last three more weeks, or maybe three years. Stick to your plan, always keep some money at risk, and mock the hypesters every chance you get while we wait for portfolio Armageddon.(01-21-2021, 10:34 AM)divmenow Wrote: F and GM breaking out. Who would have thought lol
I added CGC and UPS
Can someone please explain this EV hype train to me?
F & GM makes little money on every car sold, they make up for it with profits from their pickup truck sales.
The auto business is a highly cyclical, highly competitive, and low margin business.
Why will that still not be the case with EV's? Are they magically more profitable for car makers than ICE cars are?