Banter and General Comments, page-8151

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GCar

14,702 Posts.

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03/08/19

09:04

Post #: 39842014
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Originally posted by SeeTheWorld ↑

I have spoken before about the importance of July and August EV sales numbers to understand our projected short term price movements.

The July numbers just came out for US thanks to inside EVs. The number is definitely not as good as we would have liked. It is actually backwards on last year. The savior will hopefully be China numbers in terms of worldwide sales, something that has not been updated yet. Just to tell it as it is, we need these numbers to be substantially higher than the same month in the previous year. If not don't expect the price of spod to go anywhere fast. In the US at least we need others to pick up their game. It seems all the heavy lifting is being done by Tesla. If you compare first month of each quarter Tesla is doing good and improving. We just need more and either Tesla to get to the stage of producing more cars if the other companies can't produce cars that people want to buy.

I guess the next question is the drop simply due to sales, manufacturing or battery supply constraints? That is an important question. However, just remember it won't be too long now before Tesla starts producing extras cars in China and VW starts rolling cars off the production line. This should be the catalyst to improve momentum. Until then if these numbers don't pick up beware of the volatility short term. Also to add our share price already reflects a scenario much worse then currently presented so theoretically in such a case this should be already factored into the price - well actually Armageddon is already factored into the current GXY price. Just beware of the data, before others spin it completely to the negative.

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Imo we shouldn’t get carried away by letting one “poor” month dictate the trend here..

Tesla’s Q2 sales in the US were hugely offset by increased ROW sales:

Yes, the fudsters will twist the monthly numbers out of proportion.

To them I will simply say: don’t let a single month define the trend!!!!
Right back at them!

YOY growth remains solid, with 2.8 million EVs total expected for 2019...
2018 was 2.1m

Last edited by GCar: 03/08/19

GXY Price at posting: $1.24 Sentiment: Buy Disclosure: Held
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Banter and General Comments, page-8151

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