why? They took advantage of falling prices and bought back. The danger is if shorts pile up and precipitate a short squeeze.
The price went down 10% and much of the buying was evil shorts covering their position.
Yes, I've heard of the giga factory. Its batteries aren't proprietary though. Same chemistry everyone else has. Tesla has never made a battery, but they'll quickly reduce costs by 30% or so compared to Panasonic, a company which has made batteries for decades and has thousands of engineers working for them. Sure, sounds reasonable.
Auto companies don't have an ownership stake in dealers. That's #1. #2, if some invention is coming and you can jump on it, then you do. You don't worry about your "business model of ICEs" as that will go away no matter what you do. #3, BMW, Mercedes, Toyota know a lot more about how to manufacture a car than Tesla ever will. #4 Tesla buys its batteries off the shelf. Nothing proprietary. Their tech is open source also.
don't worry. THey have great acreage and are profitable at $40! Or was it $30?? Which is strange b/c they lost money at $47 last quarter.
It loses money. They're trying to save lives. Loses money and kills people. A good thing to stop.
and Panasonic has been making them for decades.
Sure, very reasonable. Instant "cost cutting" of 30% or so. And no, Panasonic's margins aren't 30%.
Ridiculous. And then in 10 years the battery would be used up from deep cyling every day. Sorry, makes no sense. Look up MIT's Sadoway. Huge cheap utility batteries. Many other companies getting in on the market. Tesla is DOA. Too expensive.
when you're in a bull market, there's no story too ludicrous. XOM bought a gas shale maker and way way overpaid. So now they'll do it again. Makes sense. Last month it was Statoil going to buy them. Even though Statoil has a lower market cap than EOG and has taken a 50% haircut in the downturn whereas EOG took about a 15% haircut.
prices were sky high until the past 6 months. They didn't just drill empty holes, they fracked as they went along. The capital investments in roads etc are true, but those aren't deducted off of earnings right away.
good news, WTI goes to $65 for a few years. Bad news...EOG makes about $1.50 per share per year at that price. But with expanded drilling in the soon to be exhausted sweet spot maybe they can get that up to $3.00 or so.