Rocket Lab Selected to Launch NASA’s Advanced Composite Solar Sail System https://www.businesswire.com/news/home/20211006005938/en/
Are you asking what chart I'm using? I use multiple charts (500 ticks, 1 minute, 5 minute, 30 minutes). Scan for momentum + technicals + news, and ride the wave as long as you can. I didn't make $142k on GROM like Zach (meme squad) did today (lmao), but I had a good day. It's nuts how social media is running the stock market these days. I'm not mad at it tho. They are bringing some nice spikes in a crappy market.
u had posted that u scalped the hell out of GROW scalping is a trading style that specializes on instant profit on large quantity of stock, Such as taking 1/16 of a dollar profit per share, on 100,000 shares
Oh, I understand your question now. The answer is yes (kind of). Scalping for me means multiple trades on an individual stock with a set $ goal on each trade. Example I took 6 trades on GROM today (same amount of shares on each trade)... *Made 5 good trades for about $3500 *Made 1 bad trade and lost $500 None of my trades lasted longer than 10 minutes. Finished at +$3k in 3 hrs. Instead of just riding the wave all day, I picked 6 spots that my technicals told me to go with.
Go, APPS 62 % retracement is just above 80 people who bought APPS (from early Feb to early Apr) are hoping that they can at least breakeven (w purchase price in the 80 - 102 range) once the overhead supply of stocks, held by these motivated sellers who bought near the previous top, are sold, there would be minimum selling pressure. then we will have lift off, w the top of the CUP from the 95-100 level in Feb/Mar
a golden cross---20dma protruding up thru 50dma---candidate, coupled w trading action breaking thru the HEAVY resistance ~ 55.5 on above avg volume. this on the heels of GM investors day yesterday, w the CFO/CEO articulating how the traditional automaker will transition to what they’re calling a “platform company”, leveraging its core businesses of building and selling cars to expand and grow “beyond the vehicle.”, such as adding a subscription-based revenue stream. They emphasized that “General Motors is delivering the technologies that redefine how people and goods are moved,” w the innuendo that GM should be valued as a tech co like Tesla They also provided guidance that by 2030, GM will double its current revenue by 2030 be increasing its operating profit to the 12 - 14% range become the largest EV maker in the US market (currently it is #2 behind W) currently GM trades at 10 X earnings, while for TSLA it is over 100
Good luck. Currently the only EV GM makes spontaneously explodes so they should figure that out first before talking about doubling their revenue in 10 years.
Do cars even make money? The subscription revenue is what would make it interesting. Fuel injected, carbureted, EV, flying... a car is.... still just a car. TSLA doesn't trade at whatever ridiculous price it trades at because of cars.
They'll be fine in the long run. The big thing is that GM (and the other major auto companies) can manufacture and distribute at a scale that Tesla can't even dream of. The service networks across the world are also in another galaxy compared to Tesla. That stuff takes a lot of time to build out and with countries imposing heavy import taxes on cars, local manufacturing capacity is critical. That isn't to say that Tesla will all of a sudden fall apart but the incumbent manufacturers have some major advantages over Tesla that will start to really show. Tesla is already experiencing huge challenges with its service networks and those types of challenges will stick around for a while.
the foundation / infrastructure for a subscription-based revenue stream is already there GM makes profit from its non-EV car, and higher profits from its EV cruise. that said, GM still has to show me. that's why I have my $ in GM LEAP options only
FWIW, on a day when the stock price of EV mfg F and GM popped ~ 5%, Tesla will be live-streaming a presentation by Musk later tonite, https://www.theverge.com/2021/8/19/...watch-ai-day-elon-musk-start-time-live-stream kind of ominous, no?
what exactly is the subscription for? charging network? if they build a recurring rev stream outside of car sales I agree it deserves to rerate but it's not obvious to me where it will come from and y ppl will want to pay. EV picks and shovels play AEHR is up 22% today. trying to find more companies like this - outsized benefit from overall EV trend due to focus on critical part of the supply chain. AEHR focuses on test and burn in equipment to eliminate infant mortality in silicon carbide semis used in EVs. Car oem biz seems ultra competitive with so many of them and no clear monopoly/duopoly.
Daimler and BMW do about 2-3 million in unit sales a year and have not grown much for years. Tesla this year will do about 900k, growing 80% year over year. Next year they will do about 1.5m. And keep growing at 50% after that. The largest auto manufacturers in the world, Volkswagen and Toyota, do about 10 million, but at far lower average selling price compared to luxury auto so the revenue comparison isn't apples to apples. Tesla is catching up in terms of volume, fast. Agreed with the service issues though, they are prioritizing unit growth over customer experience right now, because even if you are unhappy, there's 10 other people lining up to take your spot. Their order backlog is backed up to June next year on some models.
https://techcrunch.com/2021/10/06/gm-aims-to-build-netflix-sized-subscription-business-by-2030/ General Motors said it expects its in-car subscription services to generate nearly $2 billion in revenue this year and will reach as high as $25 billion by the end of the decade, an amount the company said Wednesday will put it in the same league as Netflix, Peloton and Spotify. GM’s current subscription platform supports services like OnStar, a subsidiary of the company that provides in-vehicle security, emergency services and navigation. Aside from OnStar, GM intends to target customers interested in Maps+, an in-vehicle, app-based navigation solution that was rolled out in April and can be activated with Alexa voice control. GM also sees a big opportunity to earn revenue off of its commercial customers, specifically with its existing service, OnStar Vehicle Insights, that can help both GM and non-GM mixed fleets with fleet management. “Just this service alone meets the needs of a massive market,” said Alan Wexler, SVP of innovation and growth at GM. “Hundreds of thousands of connected fleet vehicles with data from millions of trips, and hundreds of millions of miles, all of that data provides huge monetization opportunities. We stand apart for the scale of data that we have to work with, and we plan to leverage it.”
Context In the US, Tesla is already the largest premium automaker by volume. Not talking about EVs, but premium auto period. This is selling only 3 models, and building out of only one plant, with Tesla Austin about to start production this month, and will eventually scale far greater than the Fremont factory.
https://www.wsj.com/articles/for-lo...licon-makes-a-material-difference-11633604400 From what I know so far it's highly likely that aehr supplies STM. From new wsj article on silicon carbide: As in many fields of EV technology, Tesla was the first to market with silicon carbide chips, using them in its mass-market Model 3 when it went on sale several years ago. According to a Yole Développement report, STMicroelectronics was Tesla’s supplier in the pioneering move. “The SiC components first used in the Tesla Model 3 allowed a great improvement in its range and other performance, towering over other electric cars on the market back then,” Kung-Yen Lee, a professor at National Taiwan University, told an industry forum last month. “We can say that SiC propelled Tesla to fame.” Tesla didn’t respond to a request for comment.... The White House called for stepping up investment in the silicon carbide supply chain in a June report that called the U.S. a “global leader in deployment of SiC.” It pointed to national-security applications for third-generation semiconducting materials like SiC.
