Surprise: GM & FCA Agree To Buy Tesla EV Credits - Page 2

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
Page 2 of 2 FirstFirst 12
Results 16 to 25 of 25

Thread: Surprise: GM & FCA Agree To Buy Tesla EV Credits

  1. #16
    3.0 Liter SIDI V6
    Join Date
    Mar 2018
    Posts
    536
    Thanks
    323
    Thanked 298 Times in 185 Posts
    My Ride
    CTS-Vagon/11/BD Vette/16/blk

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    Quote Originally Posted by Chassis Guy View Post
    The opposite is true. They are SO OVERVALUED that bk is necessary to put the assets into aware, responsible hands. BK is a lockdown guarantee. No one with a brain will buy them at inflated prices. That $10 share price? Yeah, that's about right. Creditors will wake up. Just watch.
    More importantly, a bk wipes the debt and others can pick up anything of value without picking up the debt, I also think the end is near. I'd heard somewhere Elon's loans using stock as collateral had a margin call at 180. It is now below that. I may have bad info, but at some point the price is going to cross his margin call and price will drop like a rock. Also, several brokerages are increasing the margin requirements for longs, so you have to have more cash to play tesla long.

  2. The Following User Says Thank You to Vagon11 For This Useful Post:

    Chassis Guy (06-05-2019)

  3. Remove Advertisements
    GM Inside News
    Advertisements
     

  4. #17
    6.2 Liter LS9 Supercharged V8 CaptainDan's Avatar
    Join Date
    Mar 2007
    Location
    Michigan
    Posts
    5,493
    Thanks
    12
    Thanked 1,203 Times in 647 Posts

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    It is possible what they say .... that GM is purchasing those credits just in case they need them in the future. But GM is one of the least in need of buying them, since they sell their own electric cars to help make up for those evil gasoline machines.

    Tesla has no choice, they HAVE to sell every credit they can, at whatever price they can get, to get the cash. But GM could also be speculating in credits. In coming years, assuming the regulatory atmosphere tightens up, the value of those credits goes up. GM could flip those credits, and sell them for way more than they paid for them.
    Last edited by CaptainDan; 06-04-2019 at 01:19 PM.
    '16 Chevy SS
    a 4 door Camaro

  5. The Following User Says Thank You to CaptainDan For This Useful Post:

    Chassis Guy (06-05-2019)

  6. #18
    6.2 Liter LS9 Supercharged V8 Premium Member
    Join Date
    Feb 2010
    Location
    The land of the hethan
    Posts
    9,816
    Thanks
    1,404
    Thanked 3,207 Times in 2,124 Posts
    My Ride
    The coffin on wheels

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    Emissions credit purchases should be limited so as to prevent manufacturers form thinking that they can build anything and then just wipe the slate clean by purchasing credits.

    I find it bazaar that the EPA has regulated even efficient cars to the point of extinction by making manufacturers meet stepeling fuel economy targets. The other side of that manufacturers have followed the path of least resistance and systematically encouraged buyers over into higher profit trucks and Utilities knowing that it's easier to meet emissions.....
    Last edited by jpd80; 06-04-2019 at 03:50 PM.

  7. Remove Advertisements
    GM Inside News
    Advertisements
     

  8. #19
    4.4 Liter Supercharged Northstar 61BelAir's Avatar
    Join Date
    Dec 2004
    Location
    California
    Posts
    2,664
    Thanks
    144
    Thanked 453 Times in 246 Posts

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    Is this supposed to be "breaking news"??? Tesla has been selling pollution credits for years and the fact that GM and FCA bought some is not a surprise.

  9. #20
    5.3 Liter Vortec V8 dannyg's Avatar
    Join Date
    Apr 2009
    Location
    Empire State, USA
    Posts
    1,453
    Thanks
    1,103
    Thanked 781 Times in 449 Posts
    My Ride
    2015 Sonic

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    Meanwhile, hybrid sales are up...toyota hybrids up 44% even though Prius is way down.

    https://www.bloomberg.com/news/artic...vs-from-sedans

    https://www.prnewswire.com/news-rele...300860613.html
    Current ride: 2015 Chevy Sonic 1.8L 5sp manual sedan
    Previous ride: 1998 Subaru Legacy Wagon AWD 2.2L 5sp manual
    Next ride: Maybe a 2020 2.0T CT4, weekend car, keep the Sonic as DD

  10. The Following User Says Thank You to dannyg For This Useful Post:

    Ed753 (06-05-2019)

  11. #21
    2.8 Liter Turbocharged V6 escaladelover's Avatar
    Join Date
    Sep 2006
    Location
    Fort Lauderdale, Florida
    Posts
    774
    Thanks
    6
    Thanked 49 Times in 32 Posts

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    Quote Originally Posted by Perian View Post
    Imagine the "lack of respect" GM and Ford probably have for our current President at this moment, and yet they apparently need him to win again in 2020. The Tesla agreement is quite a surprise. I wonder what Ford is doing?







    .
    especially yesterday now that 230 democrips and 7 rinos have sold out America, ugh!
    Tony Soprano would be so proud of this.
    R.I.P James Gandolfini

    You know he's driving one of these up in Heaven.

  12. #22
    R2-D2 Astromech Droid Ed753's Avatar
    Join Date
    May 2005
    Location
    Michigan
    Posts
    18,323
    Thanks
    11,863
    Thanked 7,621 Times in 4,543 Posts
    My Ride
    2018 GMC Sierra Crew 6 1/2'

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    Quote Originally Posted by joey View Post
    You would have thought that it would have been cheaper for GM to put their voltec platform into some new CUV's to be ahead of the regulation curve. Nahhhhh...............
    End Cruze production and triple Volt production; nope cheaper to burn $100 bills, giving them to Tesla.


    Quote Originally Posted by sdotjeezy View Post
    I don't see Tesla going BK, unlike other failed startups, they have a crap ton of $$$ on the backend, plus an overseas footprint. At worst, they'll get scooped up by ToyoHonda, but outright BK...nah.
    "Crap Ton" is that the currency that is used on Mars?



    Quote Originally Posted by dannyg View Post
    Meanwhile, hybrid sales are up...toyota hybrids up 44% even though Prius is way down.

    https://www.bloomberg.com/news/artic...vs-from-sedans

    https://www.prnewswire.com/news-rele...300860613.html
    Hard to know where it all ends; wish GM would just do $59 leases on Colorado's like they did ~20 years ago.
    Current: Hidden Content Hidden Content

    Past: '17 Cruze; '15 F150; '14 Volt; '13 MKX; '13 Silverado; '13 Fusion; '11 Ram; '10 Commander; '08 Sierra; '07 Rendezvous; '05 Ram; '04 Grand Cherokee; '03 F150; '01 Silverado; '00 Jimmy; '99 Sierra; '97 Ram; '96 Mustang GT; '96 Jimmy; '90 Escort GT; '89 Ranger; '84 Omni; '76 Malibu; '78 LeMans; '85 Escort; '82 Lynx; '75 Sierra

  13. The Following 2 Users Say Thank You to Ed753 For This Useful Post:

    dannyg (06-06-2019),gkr778 (06-05-2019)

  14. #23
    3.0 Liter SIDI V6
    Join Date
    May 2009
    Location
    SE MI
    Posts
    572
    Thanks
    310
    Thanked 209 Times in 124 Posts
    My Ride
    2008 HHR SS

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    Quote Originally Posted by jpd80 View Post
    Emissions credit purchases should be limited so as to prevent manufacturers form thinking that they can build anything and then just wipe the slate clean by purchasing credits.

    I find it bazaar that the EPA has regulated even efficient cars to the point of extinction by making manufacturers meet stepeling fuel economy targets. The other side of that manufacturers have followed the path of least resistance and systematically encouraged buyers over into higher profit trucks and Utilities knowing that it's easier to meet emissions.....
    Dude, the supply is limited. Economics. If more people want credits than there are available credits, the price rises. At some point, you can't just build anything. Because...

    wait for it...

    ...the SUPPLY of buyers is not there!

    I disagree with the entire idea, but with this in place, there are limits. I am very much a no rules, Libertarian-type on this, but if politicians put this out there... they prove their ignorance yet again.

    TESLA is still circling the drain, even WITH this subsidy. Undeniable. And, Trump is not going to extend a market gimmick like this. If they can't survive, the end is what it is. Unlike the Big 3, these guys have no pensions, no retirees to be hurt. Let them die the death of bad ideas... It is, after all, about making a profit.
    Last edited by Chassis Guy; 06-05-2019 at 06:49 PM.

  15. The Following 2 Users Say Thank You to Chassis Guy For This Useful Post:

    gkr778 (06-05-2019),Vagon11 (06-06-2019)

  16. #24
    4.4 Liter Supercharged Northstar MechEng's Avatar
    Join Date
    Mar 2006
    Location
    Ontario, Canada
    Posts
    2,644
    Thanks
    63
    Thanked 699 Times in 336 Posts
    My Ride
    2018 Volt + 2018 Bolt EV

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    Quote Originally Posted by CaptainDan View Post
    It is possible what they say .... that GM is purchasing those credits just in case they need them in the future. But GM is one of the least in need of buying them, since they sell their own electric cars to help make up for those evil gasoline machines.

    Tesla has no choice, they HAVE to sell every credit they can, at whatever price they can get, to get the cash. But GM could also be speculating in credits. In coming years, assuming the regulatory atmosphere tightens up, the value of those credits goes up. GM could flip those credits, and sell them for way more than they paid for them.

    Yup GM could even re-sell the credits at a profit in the future. GM is only buying them now as a hedge for the future. They are probably getting a great deal from a cash strapped Tesla.
    See my cars stats below Hidden Content
    2018 Volt - Hidden Content
    2018 Bolt EV - Hidden Content

  17. #25
    3.6 Liter SIDI V6
    Join Date
    Aug 2005
    Posts
    1,023
    Thanks
    50
    Thanked 84 Times in 55 Posts

    Re: Surprise: GM & FCA Agree To Buy Tesla EV Credits

    Quote Originally Posted by Perian View Post
    Imagine the "lack of respect" GM and Ford probably have for our current President at this moment, and yet they apparently need him to win again in 2020. The Tesla agreement is quite a surprise. I wonder what Ford is doing?







    .
    They probably prefer him lose. All Trump gonna accomplish is essentially split the US into 2 markets when it comes to emissions. This is horrible for auto industry.

    https://www.nytimes.com/2019/06/06/c...ck-letter.html

  18. Remove Advertisements
    GM Inside News
    Advertisements
     

Page 2 of 2 FirstFirst 12

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.1.2