Postes
1 246Milei instead of Marx, The Libertarians, Freedom, Politics, Taxes, Bitcoin & Stocks (Politics Special)
Spotify
https://open.spotify.com/episode/2ZIIFHH4odmN8yecmethih?si=TFRwTlsLTSK-W7LmYOk0Lg
YouTube
https://www.youtube.com/watch?v=XPqh3DNC5lQ
Apple Podcast
$BTC (-1,62 %)
$TSLA (-3 %)
$GOOGL (-2,04 %)
$GOOG (-2,03 %)
$MSFT (-0,5 %)
Salzgitter warns of impact of US tariffs
DUESSELDORF/FRANKFURT (Reuters) - Salzgitter, Germany's second-largest steel producer, received alarming news from Washington on Monday. The US government plans to double import tariffs on steel to an astonishing level of 50%. CEO Gunnar Groebler expressed concern that this chaotic tariff policy will put a heavy burden on European industry, especially in Germany. In recent days, shares in Salzgitter and other major European steel producers such as Thyssenkrupp and ArcelorMittal, which fell between 0.5% and 2.1% in value, have also suffered a severe setback. Groebler pointed out that direct tariffs on exports to the USA are not the only challenge; a growing amount of cheap Asian steel is also entering the EU market. According to the German Steel Association, the USA accounted for around a fifth of European steel imports outside the EU, which has a decisive influence on the market. Groebler appealed to the EU Commission to take faster action under the Steel and Metals Action Plan to protect the European industry.
Tesla sales in Norway rise massively
OSLO (Reuters) - Things are going well for Tesla in Norway. $TSLA (-3 %) In May, the electric car manufacturer recorded an impressive 213% increase in new car sales compared to the previous year, selling a total of 2,600 vehicles. This sales surge is due in no small part to the redesign of the popular Model Y, which has been the country's best-selling car for the past three years. The year-to-date sales figures are also promising, with sales up 8.3% compared to the first five months of 2024. Amazingly, nine out of ten new cars sold in Norway last year were fully electric, and this year the share of electric vehicles is already at 92.7%. This shows that Norway is getting ever closer to its goal of rejecting diesel and petrol cars. To further boost sales, Tesla is offering interest-free loans in Norway and other countries to buyers who take delivery of a new Model Y by the end of June. In contrast, the situation looks less rosy in Sweden, where Tesla's new car sales fell by 53.7% year-on-year to just 503 vehicles in May.
Sources:
https://finance.yahoo.com/news/european-industry-hit-hard-trump-082048675.html
https://finance.yahoo.com/news/teslas-sale-norway-rises-213-082348181.html
$TSLA (-3 %) . $GOOGL (-2,04 %)
Shortly before the launch of the new robotaxi service, a surprisingly honest statement provides a deep insight into the company's true capabilities.
By Hannah Klaiber
01.06.2025, 16:50
In a rare moment of candor, Ashok Elluswamy, Head of AI and Autopilot Software at Austin, Texas-based car manufacturer Tesla, has admitted to being significantly behind the competition in terms of technology. Speaking to a journalist, Elluswamy admitted that Tesla's technology for fully autonomous driving (FSD) lags behind that of Waymo, a subsidiary of Google parent Alphabet from Mountain View in the US state of California.
The head of AI said: "Technically, Waymo is already capable. We are perhaps a few years behind." This statement provides a remarkable categorization, as Waymo is already considered the "gold standard" of autonomous driving and operates commercial robotaxi services in several US cities. First reported by InsideEVs.
Vision vs Lidar: Which solution is better?
At the heart of the gap lies a fundamentally different technological philosophy. Tesla is known to rely on "Tesla Vision", an approach that relies solely on data from cameras, which, according to Elluswamy, only cost between one and ten US dollars each.
Waymo, on the other hand, equips its fleet with lidar and radar sensors in addition to cameras. These were long regarded as extremely expensive, but according to industry observers, the cost of lidar units has now fallen to less than 1,000 dollars, which makes their use in cheaper vehicles possible in principle.
Elluswamy defends Tesla's path as the "more valuable to the world", as a low-cost solution allows for faster scaling. However, he admits that it is "technically challenging" to solve the problem of autonomous driving with cameras alone. Corresponding tests are repeatedly posted on social media, for example on ex-Twitter X:
Business Insider magazine observed in a test just how challenging Tesla's alternative approach can be: According to it, a Tesla with FSD software activated had driven into a bicycle lane and run a red light, while a Waymo mastered a comparable route flawlessly.
A reality check for Musk's robotaxi plans
Elluswamy's admission puts another damper on Tesla boss Elon Musk's ambitious plans. Musk has been promising an imminent autonomy revolution for years and wants to launch his first robotaxi service in Austin as early as next month.
The realistic assessment of his own AI boss now raises the question of how efficient this service will really be in the beginning. In any case, it fits seamlessly into a series of postponed schedules. For example, a fully autonomous journey from coast to coast in the USA was already promised for 2016. So far, that has not happened.
https://t3n.de/news/wir-liegen-jahre-zurueck-tesla-ki-robotaxi-1689325/
$TSLA (-3 %) $TSLA at 346 needs to smash 381 to kill the head and shoulders!
Gann date Jun 15-18 could spark the breakout. Volume needs to step up
Let’s prove the bears wrong!
As every Sunday, the most important news from the past week, as well as the most important dates for the coming week:
https://youtube.com/shorts/det1ceIqZZE?si=_Cl6UOWgFknDbe4D
Sunday:
Trump withdraws the 50% tariff demand after just a few days and postpones it until July 9. The markets thank him. Although there is trading here in the EU on Monday, the stock exchanges in the US remain closed.
https://www.zdf.de/nachrichten/politik/ausland/von-der-leyen-trump-handelsstreit-eu-usa-100.html
Tuesday:
Car sales in Europe pick up slightly. $TSLA (-3 %) Tesla, on the other hand, continues to lose ground. Elon Musk's political involvement is likely to affect Tesla's sales in Europe for years to come. BYD has also overtaken Tesla in Europe.
Thursday:
US court partially ends Donald Trump's tariff orgy. It is not yet 100% clear whether this is the final end to the tariffs or just a temporary halt; the US government can probably switch to other ways of enforcing tariffs relatively easily. The market can therefore take the G
https://www.instagram.com/p/DKOy0x8Nm4J/?igsh=MWN4bDg5dXR6MmlsbA==
The US economy is shrinking, albeit less sharply than feared. The annualized decline in the first quarter was 0.2%.
Friday:
Today there was data from the Tokyo Consumer Price Index, at 3.6% YoY the price increase was just above the expectation of 3.5%. The Tokyo Consumer Price Index excluding fresh food captures price changes of goods and services in the Tokyo region, excluding fresh food, whose prices are highly weather-dependent and therefore particularly volatile. The index is published monthly by the japanischen Statistikamt published monthly. As it is published much earlier than the national CPI, this value also serves as an early indicator of national inflation.
https://www.wallstreet-online.de/wirtschaftskalender
These are the most important dates for the coming week:
Monday: 16:00 ISM economic data (USA)
Tuesday: 21:30 Car sales (USA)
Wednesday: 14:15 ECB interest rate decision (EUR)
Boeing settles with US government for 1.1 billion dollars
Following the tragic crashes of two 737 Max airplanes, Boeing has reached a settlement $BA (+0,34 %) has agreed a settlement with the US government. The company will put 1.1 billion dollars, or almost one billion euros, on the table. This is in exchange for the criminal charges against the company being dropped. This agreement follows the crashes in which a total of 346 people lost their lives. While the decision still needs the approval of a judge, relatives of some of the victims are disappointed with the settlement. They consider a trial against Boeing to be crucial for dealing with the incidents. In particular, the Trump administration has rejected an earlier agreement with the Biden administration that required Boeing to plead guilty and accept responsibility. The situation surrounding Boeing raises many questions, particularly about safety standards and the responsibility of large companies in times of crisis.
Tesla sales slump massively in Europe
In Europe, things are looking anything but rosy for Tesla $TSLA (-3 %) is looking anything but rosy. In April, the electric car manufacturer's sales figures fell drastically by over 52 percent compared to the same month last year, which corresponds to modest sales of just 5,475 vehicles in the EU. The first four months of 2025 did not bring any relief either, with a decline of 46.1 percent and only 41,677 electric cars sold in total. Competitors from Europe and China are taking advantage of this weakness to push Tesla into the rear-view mirror. In April, Tesla was overtaken by ten manufacturers, including Volkswagen and BMW. Volkswagen in particular doubled its deliveries of electric vehicles in the first quarter and is now clearly on course to overtake Tesla. The Chinese manufacturer BYD has also overtaken Tesla in the all-electric drive segment on the European market. German manufacturers are benefiting from their excellent reputation for quality and reliability, which could be crucial in times of economic uncertainty.
Sources:
https://www.n-tv.de/wirtschaft/Tesla-Verkaeufe-brechen-im-April-massiv-ein-article25795118.html
$TSLA (-3 %) is about to launch its long-awaited Robotaxi service in Austin on June 12. A milestone in Elon Musk's plan to reshape the company around autonomous vehicles and artificial intelligence.
$NVDA (+1,17 %)
$PLTR (-0,07 %)
$GOOGL (-2,04 %)
$AMD (+2,04 %)
$AMZN (-0,65 %)
$TSLA (-3 %)
What do you think? Where will these stocks be in 10 years
I am curious
The figures from $1810 (+2,58 %) are good but $TSLA (-3 %) is unstoppable . I would have liked to see this performance at $1810 (+2,58 %) seen
E-car sector in transition - Tesla slips further
VW doubles e-car deliveries
Tesla $TSLA (-3 %)slips further - VW on the upswing
VW $VOW (-2,57 %)doubles e-car deliveries
BYD $1211 (-1,17 %)from China overtakes Tesla
Tuesday: Stock market dates, economic data, quarterly figures
08:00 DE: GfK Consumer Climate Indicator June FORECAST: -19.6 points previously: -20.6 points
08:45 FR: Consumer prices (preliminary) May PROGNOSE: +0.1% yoy/+0.9% yoy previous: +0.6% yoy/+0.8% yoy HICP PROGNOSE: +0.1% yoy/+0.9% yoy previous: +0.7% yoy/+0.9% yoy
11:00 EU: Economic Sentiment Index May Eurozone Economic Sentiment Forecast: 94.0 Previous: 93.6 Eurozone Industrial Confidence Forecast: -10.5 Previous: -11.2 Eurozone Consumer Confidence Forecast: -15.2 Previous: -15.2 Previous: -16.6
14:30 US: New orders for durable goods April FORECAST: -7.8% yoy previous: +9.2% yoy
16:00 US: Consumer Confidence Index May PROGNOSE: 86.0 previous: 86.0
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