he is there to make you money. In this case to save you money.
He is your best friend, a good neighbor, someone you can turn to when in need. Solid human being.
AONE is a battery company. In the next few years, hype over car batteries will reach the level of AAA batteries when you buy a toy for your kid.
Margins will come down a lot due to heavy competition from Asia. Samsung, LG, China factories all have the same tech and better contracts with biggies to shut down AONE.
Forget about people buying electric in the next 10 years. It just doesnt' make sense especially if the oil prices come down. That cash will quickly dissapear as they use it for Capex and R&D.
Electric cars costing $35K and above will not be sold in large quantities. About the same chance as seeing a luxury BMW, only here at $35K you will not get luxury, just a battery.
To save money, people will rather buy a cheaper small engine gasoline vehicle, rather than the same size electric vehicle that costs double.
I'm giving it a Strong Sell just to be a nice guy.
Your an idiot if you listen to that bald headed asswipe he is only in it for himself and his joo cronies. I think the SEC should investigate him for securities violations along with the gang on fast money
you have a very good perspective ... it's no longer a world,
where the US gets to the good stuff first .... China will
not be like large cap US companies, who often wait for the
small startups to make mistakes, then buy them when they
have a hit ... the big Chinese cos. are pouring tons of
money into R&D ...
then the big bad oil companies can drop prices to around
35/bbl and still squeeze some profit, or 20/bbl if they
have to quelch something ...
that being said ... battery technology has a new horizon and
there will be many apps beyond cars to fuel the industry
and there will be room for many players, just that no one
company is going to pull an "Apple" and come up with a
miracle battery , but there should be a huge pie, with
slices for all .... garce
And that Indian "Nano" will be in the U.S. in a few years for $8000. Buy TTM just in case.
I do not believe electric cars will ever do well in the U.S. Niche car only.
Natural gas powered cars will kill these battery operated cars. You gotta recharge them from the electric grid. You still have to make electricity from coal, nuclear, oil, gas, hydro so you can recharge the battery.
Eventually, just put the natural gas directly into the car. Bypass the plug in every night/day.
"Cramer is here not to make friends
he is there to make you money"
Well said. But, he helps make money mainly for a select few - his newsletter subscribers: