Friday, November 8, 2024
Electric carmaker Lucid books nearly $1 billion net loss in 3Q, hopes to produce 9,000 vehicles by the end of 2024 vs. 8,428 in 2023
Well whoop-de-do!
They're flying off the shelf lol.
Lucid Group stock ended 2020 at about ten bucks a share, popped above $50 a couple of times in 2021, and is now worth $2.30 lol.
The company’s net loss for the third quarter widened to $992.5 million. That compares to a loss of $630.9 million a year earlier.
Lucid CEO Peter Rawlinson described the quarter as a “landmark” for
the company, citing record deliveries of 2,781 units as well as
cost-cutting measures. He also noted that the company hit financial and
production targets. ...
The company reaffirmed plans to produce roughly 9,000 vehicles this year, which would mark a 6.8% increase compared to 8,428 units in 2023. ...
Lucid’s stock has been under pressure this year amid widening losses, slower-than-expected sales and significant cash burn.
More.
Bigshots at FBI fear firing bloodbath from Donald Trump
The rats prepare to jump ship.
According to most of the sources, no one in the FBI at a GS-14 level or higher is safe from losing their job after Mr. Trump is sworn in, and they fully expect the president-elect to “smash the place to pieces when he gets in,” and that it will be a “bloodbath.”
Former FBI whistleblower George Hill told The Washington Times that people in the agency say the current state of the FBI is “frazzled.”
“I have friends still at the Bureau telling me that no less than 50 Senior Executives (SES) are scrambling to retire ASAP,” he said.
More.
Thursday, November 7, 2024
Republicans to retake Michigan State House from Democrats, ending 2022 absolute hegemony over state government
The Detroit News has Republicans with 57 seats so far in the Michigan State House, Democrats with 45, 8 undecided.
Even if all the undecided go Democrat, that's a 4-seat majority for the Republicans.
I predicted Trump 316-222, it turned out Trump 312-226
My gut told me Minnesota for Trump was wrong, but I went with it based on what turned out to be a poll reporting error. And I couldn't believe the polling in Nevada which favored Trump, but that turned out to be right.
In the end I missed it by that much.
Stellantis-owned Jeep's US sales are down 34% since 2018, now cuts Jeep Gladiator production after ending internal combustion Renegade and iconic Cherokee
The electric vehicle idiots running this company into the ground should all be fired. Just build reliable combustion engine SUVs people can afford and don't start on fire while parked in the garage.
How hard can it be?
Reported here in September:
Jeep’s U.S. sales have plummeted 34% from an all-time high of more than 973,000 SUVs sold in 2018 to less than 643,000 units last year. While most auto brands increased sales last year, Jeep was off by about 6%.
The most recent declines follow the company ending production last year of the entry-level Renegade and the Cherokee compact SUV — two mainstream models with peak U.S. sales of around 300,000 units annually from 2016 to 2019. ...
Jeep also is attempting to increase the quality and reliability of its vehicles, which have historically ranked below average in third-party rankings. ... Jeep on Monday confirmed it is cooperating with U.S. auto safety regulators on an investigation into more than 781,000 newer Jeep Wrangler and Gladiator SUVs after reports of underhood fires.
Reported here yesterday:
Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.
The company, which has been battling high inventory levels and lower earnings this year, said the decision at its Toledo South Assembly Plant to cut production to one shift will better align output with demand of the Jeep Gladiator pickup — the factory’s sole product.
Wednesday, November 6, 2024
LOL, Politico's John Harris says Trump's success is built on a movement of contempt for people in the media like himself
It's about THEMSELVES, you see, not about the issues, about mere ephemera, not about real things. The narcissism is absolutely amazing.
He misunderstands that the contempt is just a twofer:
People are drawn to Trump and the contempt he expresses toward his
opponents, especially liberal politicians and the news media, precisely
because of the contempt he draws in return. This is the through line of
his politics.
Monday, November 4, 2024
A US serviceman hurt while building Joe Biden's failed Gaza Hamas-aid pier has died of his injuries
Joe's administration began with the deaths of US soldiers in the ignominious Afghanistan withdrawal, and ends with the death of a US soldier in the ignominious attempt to help the enemy which attacked America's ally Israel on October 7, 2023.
I wonder if Kamala can think of anything now that she would change.
Sunday, November 3, 2024
75+ million votes already cast
Nearly half of 2020's electorate have already cast ballots in 2024
Around 100 million people voted early, either in person or via mail, in 2020. ... Of those who have cast their vote so far in states that report party registration data, Democrats hold a slight lead — 37.9% to 36.2% — per [University of Florida Election Lab's] count.
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