Good news for NGL, but not 63% good news.
... bit overbought.
Next week should be interesting.
Will probably give up a lot of todays gains.
It's no secret that a massive supply glut has caused global oil prices to crash this year. Ferocious production from OPEC and near-record U.S. output is adding to sky-high oil inventories around the world.
But what's less widely known is that the oversupply problem has gotten so bad that oil tankers waiting to be offloaded are piling up off the U.S. Gulf Coast because there's nowhere to put the crude.
So-called "floating storage" of crude oil soared to nearly triple the normal level last week, according to ClipperData, which tracks global shipments of crude.
It's a "super tanker traffic jam," said Matt Smith, director of commodity research at ClipperData.
Musk said they're shooting for $35k. In Musk speak that means he is shooting for $42.5k ( price after subsidies ) Its already to expensive, and Tesla has a horrible track record of cost containment. The Model S went out the door at aprox twice the price Tesla had said it would.
There's a reason GM's Volt is outselling Tesla in the US. Tesla is already experiencing slowing growth rates, and the competition is just getting started.
Also look at China, France and Germany to see how Tesla is sliding. BYN sold 5913 cars, and Tesla was I think 5th in France and 7th in Germany. There's other choices now, and people are buying the more sensible competition.
Reading the trades, and seeing Tesla slipping quickly.
BTW France has 10000 charging points available for EVs.
Seems Tesla is losing its edge everywhere you turn.
2016 is so not a going to be a good year for Tesla.
Reading the trades makes me wonder how anyone is still long Tesla.
Read announcements from the LA Auto Show.
Tesla is losing one advantage after another.
The Chevrolet Volt was named 2016 Green Car of the Year at the LA Auto Show.
Its already outselling Tesla in the USA!
In order to support its upcoming long-range battery-electric cars (R8 e-tron and a mystery BEV sedan) and SUVs (Q6 e-tron), Audi announced at the LA Auto Show that it will install a nationwide network of 150 kW CCS fast chargers in the U.S.
These chargers will be able to provide enough juice to drive 200 miles in approximately 30 minutes of charging time.
Outside of the U.S., Audi, along with several other automakers, have committed to making 150 kW CCS charging a reality on the global level
The CEO was not quoted as saying "Its important that we kick Elon's tail"
Of course Tesla was outdone by other EVs and PHEVs:
Kia with 980 but that includes other regions
PPS holding or moving up a bit from Fridays after hours this morning, so my buys at 30.50 havent filled.
Thats ok, thanks for news on Jefferies maintaining buy.