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ofcloudsandstars · 4 years ago

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December Magical Dates and Astrological Transits

The final month of this leap year has arrived! It's finally December!! A lot of energetic shifts are coming at the end of the cycle marking a new beginning along with positive aspects from Uranus rx and harder aspects from Neptune forcing us to review our habits, old stagnating beliefs, spiritual deceptions hindering our path in order to evolve and create new philosophies, insights, expanded perspectives and a spiritual path that is aligned with our evolution, freedom and authenticity. Both Saturn and Jupiter are shifting into Aquarius focusing our energies and responsibility towards the collective and how we individually play a role in our communities. There is another eclipse this month during the New Moon in Sagittarius causing endings in regards to old dogmatic ideas and philosophies and helping us regain truths that will aid us and the collective towards a new future.

Tip: If you have a moon journal or a folder on your desktop, the best way I like to keep track of each day and transits is by copy pasting this info and writing over ideas for each day and what I should do. Examples would be: Moon In Cancer - Deep clean your room. | Sun Trine Mars - charge items and exercise. | Moon enters Capricorn - make candles. It doesn't have to be anything lengthy but just planning ideas both mundane and magical to do when the transits are best!

Week 30 - 6

1st - ☾♊ Mercury enters Sagittarius

December will start off feeling like a fresh chapter after the full moon eclipse in Gemini passing yesterday. Take note where changes could have caused shifts in your life and how they could align you towards your highest potential. The energy could have drawn our focus on the finer details of what we require to achieve our goals and give us the motivation to tackle our tasks. Now today Mercury enters Sagittarius giving us a mental shift for two and a half weeks as our mindsets become more expansive, curious and optimistic giving us grander ideas and the courage to tackle whatever we need as long as we feel great about it. Make sure to write down your introspections and keep focused on your goals as Mercury in Sagittarius can make us a bit disorganized as we can potentially take on too much thus biting off more than we can chew. Today will be a great day to work with the full moon energy (especially charging crystals and items since the eclipse has passed), and focus on expanding our minds and channeling this power.

2nd - ☾♋ Moon enters Cancer

When the moon is in Cancer it’s a good time for magic around the home (aka Cottage Magic) such as cleaning and cleansing, kitchen magic and bath magic. It’s a great time for self-care rituals and water-based magic. The theme of burrowing and hibernation will feel amplified today as the moon is in it’s home sign.

The moon will be here for the next three days as no major aspects occur so it's a great time for rest and reflection on the previous energy shifts.

3rd - ☾♋ Moon in Cancer

4th - ☾♋ Moon in Cancer

5th - ☾♌ Venus in Scorpio trines Neptune in Pisces Disseminating Moon | Moon trine Sun

Today's energy will feel creative, dreamy and imaginative with Venus trining Neptune and the moon in creative Leo trining the Sun in positive Sagittarius. We will feel more in touch with art or beautiful experiences which inspires our sense of spirituality and creativity and will feel inclined to express this or create with the moon in Leo. It's a great time to do self love rituals, art based magic, create a beautiful ritual, celebrate life and channel in this lovely energy. Also the Disseminating moon is a time of gratitude and reaping rewards of hard work accumulated during this lunar cycle. Appreciate where you have found success and benefitted from the work you have put in and if you feel unsatisfied, this lunar energy in the cycle is the second chance to work again towards it. If you are happy, it's a lovely time to relax and celebrate life.

6th - ☾♌ Moon in Leo

When the moon is in Leo it’s a good time for creativity, fire and light based magic and acts of self love.

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Week 7 - 13

7th - ☾♍ Last Quarter Moon in Virgo

As the moon enters Virgo today this lunar phase revolves around reflection of our journey so far since the Scorpio new moon in November and what we have learned verses what isn't working for us. It's a great day for reflection, meditation, journaling, taking stock and shadow work. With the moon in Virgo it's a great day for finding solutions or healing. Focus on how this lunar cycle was about shedding things your soul no longer needs or what was hidden by your shadow self (reflect on themes that the Scorpio New Moon brought up) and use this final quarter as a time to heal those qualities or find solutions.

8th - ☾♍ Moon in Virgo

When the moon is in Virgo it’s great to ground your tasks mentally in a to-do list, problem solve or focus on healing magic for yourself on a physical or spiritual level.

9th - ☾♎ Sun in Sagittarius Squares Neptune in Pisces Moon enters Libra

Be cautious today with your information and boundaries. When the sun squares Neptune we are subjected to deception, dishonesty intrusions and paranoia. Often I find with negative Neptunal aspects there is an increase of scammers or people that take advantage of this energy. Be careful! Put up wards today and be aware of your boundaries. Often this square can cause confusion as well and is not a great time to focus on hard work or do anything mentally taxing. This aspect can also make you more wary of health issues including mental health, however most of the issues you may uncover today revolving around health is just an illusion powered by paranoia and confusion so it's a good time to wait and see if your symptoms or worries persist until tomorrow. On a positive note this square is good for reflecting on your spirituality, seeing which truths hold up and how your path is serving you. If there is any corners where you have been dishonest with yourself or following/idolizing someone of your path who doesn't have your best interests at heart, it's time to take stock and make adjustments so that your path can be as genuine as possible.

10th - ☾♎ Venus in Scorpio sextiles Pluto in Capricorn Balsamic Moon | Moon sextile Sun Happy Hannukah!

The themes of shedding and cutting chords will be carried on today with the Balsamic moon which is a period of time that is ideal for cleansing the space, shedding what you no longer need, tying up loose ends and clearing this chapter before the next new moon. Whatever spiritual beliefs you've held that may not be truthful or aligned with your highest good, it's a good time to shed and shift your path today. In two days another transit will come which will make this theme more personal and focus our attention there.

Other energy we will feel today is the sextile between Venus and Pluto. This aspect will deepen our values, our bonds to our closest friends and our lovers helping us illuminate what is the most important things in our lives and helping us to shed whatever doesn't make the cut. With the moon in Libra our relationships with all kinds will be highlighted and if there are people in your life that don't respect you or have your best interests in mind, today may be the day where you need to let them go. Another influence this aspect can bring is obsessions on our crushes or things we value. In terms of crushes the energy today can help you uncover their secrets or how they feel about you. In terms of what you value, it's a great day to explore your creativity, artistic/aesthetic side or how you honor your values today.

Also Hannukah begins today! If you celebrate Hannukah then I hope you have a lovely 7 days!

11th - ☾♏ Sun in Sagittarius trines Mars in Aries Moon enters Scorpio

This is an excellent day to use for a boost of courage, taking risks and chances or applying a boost of energy towards whatever you desire. With the sun trining Mars (both fiery planets in fiery placements!) We will feel the power to charge onwards! However trines are very agreeable transits which can flutter by unnoticed so it's a good time to mark this date on a calendar as an opportunity to use the energy wisely. If you do not have an occasion to channel this energy, trines are excellent energy to charge your magical items with or channel within yourself. It's not necessarily the same as charging items under full moon light, however since the Sun is involved in the aspect you can leave some items out in the sun to soak in the energy. Additionally you can write the glyph of mars down or play it's frequency to bring in it's energy in your space and have your magical items be charged with it's fiery power!

12th - ☾♏ Moon in Scorpio

When the moon is in Scorpio it’s a good time for shadow work, trance magic, uncovering secrets, sex magic, blood magic and energy based magic.

13th - ☾♐ Mercury in Sagittarius squares Neptune in Pisces Moon enters Sagittarius

Another day for being wary with your boundaries! Mercury and Neptune squares brings about another day of confusion and a chance for predators to take advantage of our clouded minds and lowered guards. Take this day to also put up wards, be alert and not take on too many tasks or too much work. Today we can be especially deceived with the planet ruling our logical minds and processing being harshly aspected by the dreamy planet of illusions. There is potential for a lack of clarity, miscommunication and bad luck involving transport, plans, anything mercury rules. You should be especially wary of believing extreme spiritual views or conspiracy theories as people with agendas are sure to come out of the woodwork on this day. Especially with the moon in Sagittarius it's a good day to examine your own faith and any extreme views you may hold or beliefs that are deceiving you. Focus on the truth and creating a spiritual path that is authentic to you.

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Week 14 - 20

14th - ☾♐ New Moon in Sagittarius, Solar eclipse Mercury in Sagittarius trines Mars in Aries Venus in Scorpio sextiles Jupiter in Capricorn

This new moon in Sagittarius will not only be a solar eclipse but... it's ANOTHER square with Neptune in Pisces. Our spirituality or faith is being highlighted in this chapter and we may find ourselves completely shifting our beliefs especially as the sun and mercury may have highlighted some deceptions we possibly haven't noticed that were apart of our belief systems before. Mercury trines Mars today giving our minds a fiery boost as we could be showered with endless new ideas and be ready to expand our horizons and develop a new path. Venus will sextile Jupiter helping us create a new reality aligning our values with our true authenticity which will help us shape our new path that aligns us to our higher good. You may witness others coming up with new approaches to their path or even hear of new religions (or conspiracy cults depending on how others have taken in all of the Neptune squares). It's a fantastic day for shedding and reflection of our path and how this new lunar cycle will be focused on our faith and what lies and deceptions need to be addressed. The energies are aligned to help you uncover this and find the truths within yourselves.

15th - ☾♑ Venus in Scorpio sextiles Saturn in Capricorn Venus enters Sagittarius Moon enters Capricorn

Today is a lovely day to work on existing relationships or start a commitment that you would want to last long term, whether it be a project, a job or relationship. With Venus sextiling Saturn everything that we value can be improved on by solving any recent difficulties or by dedicating our time towards it.

Venus will then enter Sagittarius bringing us in a four week long new transit cycle where our values can be expanded upon and explored, we could expand our friendship groups and find values and pleasure in traveling, exploration and philosophy. It's a great day for love magic and doing blessings for yourself or loved ones.

16th - ☾♑ Moon in Capricorn

When the moon is in Capricorn it's an excellent time to get work done, get organized, address our tasks and responsibilities, do ancestor magic as well as earth and mineral based magic.

17th - ☾♒ Saturn enters Aquarius Moon enters Aquarius

Today we face a massive energy shift as Saturn enters Aquarius (officially) for the next two and a half years. With Saturn in Aquarius we can focus on improving our community and our individual roles we play within it. It briefly entered Aquarius earlier in 2020 spring showing in positive areas how community can be cared for and the standards of living can increase where as in negative areas (most of the earth) how some government's lack of care for their community is the base reason why so many have suffered and died due to Covid or Covid related issues that damaged the economy, cut jobs and tore people's access to money, food and shelter. Saturn in Aquarius in previous years brought about revolution and evolution, sparking awareness and anger of the government's failed response to AIDS, the end of the apartheid in South Africa and Civil Rights with Rodney King. Early 2020 got a taste as many were enraged with government's failed response to Covid, Police Brutality and community care. The term Mutual Aid was used more often and that theme may carry out and be improved upon with Saturn's transit through Aquarius. For us 1992-1993 babies this is our first SATURN RETURN baby!! For the next two years we will be facing a coming-of-age transit as we enter celestial adult hood and review all of the work we have put into this life, the foundations we've built, and how we can improve or tear down what is no longer working for us. Most people our age have suffered a lot with failed systems that promised to help us and instead we lost like.. everything.. in this lifetime. So this return may be how we create new sound structures to help ourselves and each other and get rid of what no longer works. It can be a challenging transit, however it will bring about needed change for us to thrive in the future. (We also have our natal Uranus and Neptune in Capricorn on our sides to help us dream up new structures and revolutionize the ones that already exist.) Emotionally we will be aligned and invested with this shift as the moon enters Aquarius today so it will be conjunct with Saturn. It's a great day to meditate with Saturn's frequency, write down insights, and see how you can get to work on yourself. Especially if this is your Saturn's return, it's an excellent time to GET YOUR SHIT TOGETHER, cause honestly if you don't Saturn fucking will. So chat with Daddy Saturn, ask your guides for advice, channel the energy within and get organized!

18th - ☾♒ Waxing Crescent | Sun Sextile Moon

As the moon transits it's waxing crescent phase, it reaches it's sextile with the Sun today making it a great day to review the themes of the New Moon in Sagittarius and what we can do either as research, or experimentation to learn new materials and expand our horizons which can help us acheive our goals in the long run. This is a great time to try a new class, try something new or do some reading and research. Especially with the moon in Aquarius, the energy is all about new perspectives and new knowledge. In regards to the themes of Sagittarius new moon and our spiritual paths shifting, today is a great day to do some reading and research in regards to this or try new forms of magic, meditation, sound journeys or approaches to your spiritual path which can help broaden your horizon.

19th - ☾♓ Jupiter enters Aquarius Sun conjunct Mercury in Sagittarius Moon enters Pisces

Another major energy shift occurs today with Jupiter entering Aquarius. This energy is major and can help us create visions of a new future that is community focused (as opposed to needs of the wealthy few that run the government), expand on our technology, create new discoveries and expand on our collective freedoms. As the moon enters Pisces we will be dreaming of a new reality in this shift and this will be amplified with the Sun and Mercury conjunct in Sagittarius aligning our will and the themes of the day with our mind, new ideas and mental expansion.

With Jupiter transiting Aquarius we will see an expansion of our perspectives along with new perspectives which can incite reform or even experimentation to bring something new and revolutionary out of the ordinary all in a quest for a new, better life. This (especially with Saturn in Aquarius) can bring a surge for change which means more protests and rebellions however it will all be in faith for the future and in hope for a miraculous change. This transit will be a bit chaotic as Uranus (ruler of Aquarius and all about evolution, revolution and new perspectives) is currently in Taurus which will bring shocks and insecurity in our everyday lives by breaking the usual mold apart. The two planets are in conflicting fixed signs that will cause a square for most of Jupiter's early transit in Aquarius and since Jupiter takes a year to go through a sign, this will be felt for a good quarter of 2021 bringing challenges in regards to our freedom that we will feel inclined to fight for. However with hard work, realism, planning and perseverance, which Saturn will gladly lend a hand in, enduring alternatives can eventually be established.

20th - ☾♓ Mercury enters Capricorn

This is an excellent two and a half weeks to focus on getting things done, getting organized, focusing on tasks and prioritizing. Though Mercury in Capricorn may not be the most emotional placement, (there will be a time and place to process emotions so no worries), it's a wonderful transit and great timing with the Saturn and Jupiter shifts into Aquarius for us to review what we need to get done and how we can improve our lives and even the lives of others. If you are celebrating Yule or the Winter Solstice, it's a great time to get ready, make magic tools, plan rituals and get yourself prepared for early winter (and Capricorn season!) to come. -----------------------

Week 21 - 27

21st - ☾♈ YULE - Winter Solstice Sun enters Capricorn First Quarter Moon in Aries Jupiter conjunct Saturn in Aquarius

We've entered Capricorn season!! This will feel like a new start with the moon in Aries and will add a fiery element of new beginnings to the sabbat of rebirth and renewal. Additionally there will be a lot of intense saturn energies added today, not only as it's the beginning of Capricorn season but Jupiter and Saturn will be conjunct today in Aquarius expanding our mindset towards our liberation, our support of our communities and our mobilization. Especially coinciding on the Winter Solstice, a time for renewal and new cycles, this theme will highlight our solar cycle to come and be the tone set for 2021. This conjunction is also powerful and refered to as The Great Conjunction. It's a time of opportunity, growth and good fortune. We will feel we have reached the end of a phase of life and we will be advancing to the next higher level. This transit brings feelings of completion or alternatively it will highlight barriers to our progress which we need to overcome. If you are deeply disatisfied with your life or feel stifled by these barriers, you may feel that the restrictions are too much to cope with that this transit will cause you endless frustration that change becomes inevitable. Regardless this transit helps us seek greater freedom and prosperity. We may find the answers we need to push forward or to seek out our liberation. This Great Conjunction also brings fated events, lucky breaks and profound growth.

Regardless if you celebrate this sabbat, you can observe Winter Solstice from a secular celebration and plan a ritual revolving around rebirth and renewal with this energy. Especially as the moon is in it's First Quarter phase it's all about planning and strategizing. (Also here is a link comparing the lunar phases to the solar celebrations as Winter Solstice corresponds to the New Moon in the way that it is about renewal and new cycles, yet on a grander scale.) You can take the day to do some divination on the months ahead, channel the Saturn/Jupiter/Aquarius energies and how you would like to incite positive change for yourself in 2021, and focus on how you can renew yourself and focus on your growth.

22nd - ☾♈ Moon in Aries

When the moon is in Aries it's an excellent time to take on challenges, channel courage, do fire based magic or start something new.

23rd - ☾♈ Mars in Aries squares Pluto in Capricorn

With all of this revolution and evolution of course confrontation and power struggles will follow suit. This transit will unfortunately amplify that as we may feel the intense desire to fight for our rights and empower ourselves and may feel restrictions from the powers that be. It's a great time to reflect and strategize on how we can meet our goals instead of going face to face with where we feel restricted. People with more power will unfortunately have the upper hand during this transit so it's a good time to plan our success instead.

24th - ☾♉ Waxing Gibbous | Sun Trine Moon Moon enters Taurus

This lucky trine transit will be a great day to take action towards the goals we've set during the New Moon eclipse in Sagittarius. To recap the theme was about our spiritual path, our genuine beliefs, our truths or even deceptions we tell ourselves and how we can shed away past belief systems and dogma to reconstruct a better system of thinking, spirituality and philosophy that will align ourselves to our highest good. As the moon made it's waxing crescent in Aquarius (along when Saturn entered it), we experimented and expanded on different ways we could approach this. As the moon entered it's First Quarter phase in Aries (during the Grand Conjunction and Winter Solstice sparking renewal), we reviewed how this new energy can help us strategize on our freedom, expanded perspectives, new philosophies and paths and new visions for the future. Now as the Sun trines the moon it's a time for harmony and balance and a lucky day to focus and work towards our set intentions for the cycle. With Uranus rx in Taurus it's a great time to reflect on where we could feel restricted or stagnant and where we can change unhelpful beliefs or habits. With this aspect it's a good time to put work towards shifting our paths and our beliefs to ensure that our spiritual paths are aligned with our liberation and that we are not stagnating and able to evolve.

25th - ☾♉ Mercury in Capricorn trines Uranus rx in Taurus Merry Christmas!

The themes of yesterday continue on, now with Mercury in Capricorn trining Uranus rx in Taurus. With Mercury in Capricorn we can review our old habits and outdated beliefs with a more analytical and logical approach that won't be clouded by our emotional judgement. With this positive trine, we can find that we are able to shift our mindset, observe where we need to expand our perspectives and even bring new perspectives to other people. We will feel a shift and inner transformation happen on a mental level today.

If you celebrate Christmas then Merry Christmas! With the moon in Taurus it will feel like a relaxed and slow day with many sensual pleasures to enjoy such as scented candles, delicious food and presents. Take plenty of naps and eat plenty of cake.

26th - ☾♊ Moon enters Gemini

When the moon enters Gemini it's a great time for reading, learning, discussing topics which interest you, expanding your grimoire, meditating with sound baths or binural beats, doing air, writing or music based magic and socializing.

Happy Kwanzaa! Kwanzaa begins today. If you celebrate it I hope you have an incredible time!

27th - ☾♊ Sun in Capricorn trines Uranus rx in Taurus

Today's theme will be focused on self change and shifting our habits and perspectives as the Sun will trine Uranus rx. Already we have been dealing with this energy on different levels, on an emotional level with the moon and and Uranus rx conjunct on the 24th, a mental level with Mercury and Uranus rx trine on the 25th and now on a level that will impact our will and ego with the Sun making this trine. This is positive energy which can help us shift our reality to bring the changes that will help us feel more liberated, free to express ourselves and evolve. This energy will help us once again to break old habits and make shifts on an internal level that will benefit our external lives. It's a great time for transformation and renewal as the planets are helping us evolve from the inside out.

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Week 28 - End

28th - ☾♊ Moon in Gemini

Yesterday's energy will carry on to today. It's a good time to explore any insights you have gathered, do some learning, write down experiences, ideas or insights in your grimoire and do some meditation.

29th - ☾♋ Full Moon in Cancer

We are nearly towards the end of 2020 and it's ending on a full moon in it's native sign of Cancer. Our emotions will be so tactile they will take a life of their own. This full moon marks the feeling of Winter coming as we will feel the optimum need to be home, hibernate and be one with our emotions and feelings.

Reflecting back again to the New Moon eclipse themes in Sagittarius, this opposition gives us insight towards our emotions and how they can cloud our judgement and the truths in our spiritual/philosophical path (and highlight our defensiveness towards change) OR it can show how our emotions are a simpler messanger of truths we hold and potentially suppress in our shadows and how when we listen to ourselves and don't shut off our genuine feelings it can bring us in alignment with our needs. (It really depends on you individually where you sit in this equation). It's a great time for reflection, home-based magic (aka cottage witchcraft which includes kitchen magic, bedroom/dream magic, bath magic, green/garden magic, cleansing and cleaning etc.) shadow work, charging items and releasing spells (especially since our emotions will be so potent today).

30th - ☾♋ Venus in Sagittarius squares Neptune in Pisces

In the final segment of Neptune giving us a terribly hard time, we are now faced with Venus in an unpleasant aspect with the planet that loves to emphasize deception and illusions. Especially since Venus rules our finances, once again put up your wards and defenses and make sure to be careful with your money and valuables. On a personal note with Venus and Neptune in a square, this energy makes us focus on the alignment of our values and spirituality and where we could be deceiving ourselves. Relationships definitely could be involved and we may be faced with our moral compass and how our compassion or moral structure with helping/dealing with others could allow some unsavory characters to walk all over us. With the themes of spirituality being so strong in this cycle this could definitely point to a spiritual leader that could be taking advantage or someone demanding too much access to your resources or energy. Energy vampires will be revealed today and we should be sure to look at others with descernment for being too optimistic or positive can attract predators our way. Today is a good time to review how our spiritual beliefs align with our values, if our relationships are harmonious with our healthy boundaries and if we find a "no" answer to any of these, how we can shift our patterns, habits and behaviors to no longer harbor these beliefs or host these people in our lives.

31st - ☾♋ New Years Eve

With the moon still in Cancer and people stifled from traveling, I could see this New Years being indoors with a glass of wine and being lowkey. Many will be happy this wild ass year is over, however it will be clear that negative events just don't pop up in one cursed year but are incidences of past issues the privileged have ignored until they snowball into tragic events that will roll on into something larger and more abominable until we address it head on. However energetically it's a good time to celebrate with good food and maybe at home over zoom.

#december #astrology #transits #grand conjunction #witchcraft #magic #sagittarius season #eclipse season #new moon #eclipse #sagittarius new moon #saturn in aquarius

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bookofjin · 4 years ago

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Annals of Taihe (484)

[From WS007]

[Taihe 8, 12 February 484 – 31 January 485]

8th Year, Spring, 1st Month [12 February – 12 March], decreed that the Duke of Longxi, Yuan Chen, and the Master of Writing, Lu Rui, be Great Envoys of the Eastern and Western Circuits, to praise the good and punish the bad.

2nd Month [13 March – 10 April], the state of Ruanruan dispatched envoys to court to present.

Summer, 4th Month, jiayin [22 May], favoured Fang Mountain.

On wuwu [26 May], the Chariot Drove to return to the Palace.

On gengshen [28 May], travelled to favour the Xuanhong Pool. Thereupon favoured Guo Mountain.

On dingmao [4 June], returned to the Palace.

5th Month, jimao [16 June], decreed relief and bestowals to the defence troops in the seven provinces South of the He.

On jiashen [21 June], decreed the Outer Staff Cavalier in Regular Attendance, Li Biao, and the Outer Staff Gentleman Lan Ying as envoys to Xiao Ze.

6th Month, dingmao [3 August], a decree said:

To set up the officials' ranked beneficence is the highest of actions. The Rites of Zhou has a standard for receiving beneficence, the Two Han published the grading for accepting salary. Reaching Wei and Jin, neither did not tell about examining the former statutes, and so arranged threads [after] the Way of government. Since the Central Plains fell into chaos, these regulations by the middle were cut off. The former court followed and obeyed, and did not move on to modify and change.

We have forever reflected on the Four Regions and inquired into the distresses of the people, rising early in the dark dawn, growing depressed with the toil. For that reason [We] have taken as norm and set forth the old standards, and began ranking salary and beneficence. [We have] abolished the various merchants, so as to distinguish people's affairs.

For each household, add a muster of 3 bolts, and 2 hu and 9 dou of grain, to use as the beneficence of officials and ministers. Equally make ready a muster to be a tax of 2 bolts, to be combined with merchant employment. Even if there are troubles to be had for one season, in the end it will achieve the benefits of forever placidity. After beneficent acts, those who bribes fill a single bolt will die. To alter the laws and change the measures ought to be once more beginning. There should be a great amnesty Under Heaven, and give them only the new.

On wuchen [4 August], Wuzhou River overflowed and flooded, ruining people's dwellings and residences.

Autumn, 7th Month, yiwei [31 August], travelled to favour Fang Mountain's Stone Grotto Monastery.

8th Month, jiachen [9 September], a decree said:

An Emperor's profession is extremely heavy. Except for wide inquires, he has nothing by which to bring about government. A King's occupation is extremely difficult. Except for broad selection, he has nothing by which to foster merit. Previous kings knew it was like this, and for that reason they humbled themselves so as to seek beyond, and clarified leniency so as to ponder their faults. Hence admonishing drums were set up in the generation of Yao, defamation trees were erected in the courtyard of Shun. They employed whose ability to hear and see freely in four directions, the numerous kinds all together sprang forth.

We have inherited a vast foundation of accumulated sagacity, and belongs to a splendid cycle of a thousand years, always setting out distant manners, and looking up to and acting on previous models. At the beginning of the Chengming era [476 AD], distributed and sent down inside and outside, to heed the people in each case their fullest advise, so as to mend their deficits. Though the central aim was circulated, indeed the statements were few.

For that reason the alterations to the laws of the time in large extent complied with the ancient standards. The distributed regulations on salary and beneficence change further the law books. Magnanimity and severity is not yet fair, people sometimes have different opinions. Those who think and speak do not carry out declaring their feelings, those who seek out remonstrations are without causes to comprehend themselves. For that reason it causes the Sovereign's clarity not to pervade, and the subordinates' feelings to be obstructed and blocked off.

Now in regulating the hundred nobility, dignitaries, and scholars, and the artisans, merchants, and functionaries among the people, each send up what is expedient and proper. Profit to the people and advantage for administration, or damaging to reform and injurious for government, straight-away speak the utmost admonitions, there must not be secrets, to do the utmost to cause and explain without bothering the Hua, managing the followers simply and honestly. We want to personally look over it, so as to understand the core of the generation's affairs, to make those who speak of them have no crime, and those who listen to them satisfied to consider them warnings.

9th Month, jiawu [29 October], Xiao Ze dispatched envoys to court with tribute.

On wuxu [2 November], a decree said:

Salary regulations have been established, [and We] ought at time classify actions. Should use the 10th Month as the head, and each quarter as one request it.

Hence the inner and outer of the hundred officials accepted beneficence each proportionally.

Winter, 10th Month [4 November – 3 December], the state of Gaoli dispatched envoys to court with tribute.

Xiao Ze's Defence Master of Shuangcheng, Wang Jizong, belonged inside.

11th Month, yiwei [29 November], decreed the Outer Staff Unassigned Regular Attendant, Li Biao, and the Outer Staff Gentleman Lan Ying as envoys to Xiao Ze.

12th Month [2 January – 31 January], decreed that since that in 15 of the provinces and garrisons there were floods and droughts, and people was starving, he dispatched envoys to examine and seek out, and ask about the ills and hardships, and to open the granaries to relieve and aid.

#ws007

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matthew1stewart · 7 years ago

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SHOULD WE WAIT?!? Tips for sellers and buyers in the 4th quarter

With interest rates now over 4% buyers purchasing power has decreased. For sellers this can be a good thing in that it has given buyers a sense of loss due to waiting in securing a home loan. There is now real concern and understanding from the buyer pool that waiting will only hurt them rather than help them. I believe some buyers got to a point of disbelief with current pricing trends escalating quickly and determined to wait it out, expecting a market correction. Sadly, the market doesn't appear to have a correction for another year or probably two. Rents have gone up tremendously to where in most cases it is cheaper to purchase a home than to rent one. As I mentioned in prior publications, prices have normalized from the frantic appreciation of the 1st and early 2nd quarters, with more listings on the market having helped to create a stability of supply and demand.Some are waiting for the spring time with the thinking that it is a better time to sell. This is not necessarily the case. Here are a FOUR REASONS why selling NOW is better than waiting until spring. SELLERS:

1. LESS COMPETITION - There will be less competition (others similar homes to your competing for your same buyer) by selling now versus selling in the spring when everyone else is looking to list their home. Law of supply and demand - less homes offered means more motivated and serious buyers.

2. YOUR HOME SHOWS BETTER - Homes show better in the 4th quarter. Homes are decorated for the holidays. Add in a crackling fire as the days get cooler, along with some apple cider or pumpkin pie smells - you have a very inviting and warm home that appeals to all the buyers senses.

3. LOWER INTEREST RATES - Interest rates are on the rise. Waiting six months could be very detrimental to you as buying power decreases with every tick up of interest rates. When buyers cannot afford as much due to higher interest rates, you have less buyers available to your home. Combine that with Spring listing rush and now you have much supply and less demand. Not a good combo.

4. SERIOUS BUYERS - Buyers who are out looking after work in the dark (time change is coming), in the cold, in the rain, etc. are serious about buying a home. You do not have "Lookie Loo's" like you find in the spring selling season. Yes, there are less buyers in the marketplace, but in reality it is not a number as low as one might think when you factor in people in spring who are looking around and masquerading as buyers but have no real intention of buying.

It is a great time to sell, but be realistic regarding your pricing. Get greedy and your home will sit on the market, with eventual price reductions required to sell. You will sell for less money and take longer to sell. BUYERS: It is a very good time to buy because interest rates are still low and we are seeing more inventory for you to choose from. By purchasing in the up coming winter months, you generally can obtain a home for percentage points less than purchasing in the busy spring season. Work with an experienced Realtor that can access homes for sale and properly compare them against other similar offerings. A slow fourth quarter for real estate could be just the right speed to get you into your new home. Consider taking advantage of an environment that combines

FOUR BIG ADVANTAGES:

1. LOW INTEREST RATES - Historically speaking, current interest rates are a steal! Yes, even those in the 4% range. We have gotten spoiled with the artifically low rates since the crash in the late 2000's. Keep in mind that not too long ago, an interest rate in the 6%'s was crazy low!

2. LESS BUYER COMPETITION - As the 4th quarter is underway, there are less buyers as a whole in the market place which is good for you. When you have less competition you can be more aggressive with a seller and determine their true motivation level of selling versus another buyer in the mix which emboldens the seller to negotiate less. 3. TAX BENEFITS - With the current proposals for tax reform before legislatures it would make sense for you to lock in your tax benefits this year so you can take advantage of them when you file your tax returns come April. By waiting until next year, you will not realize the tax benefits until filing the following year (2019).SMXLL 4. LOW DOWN PAYMENT OPTIONS - Lenders have really loosened their purse strings since the crash and long winded recovery since. Regulations have lightened up and there is more of a freedom to lend once again. This is great for you as a buyer. Less cash on hand needed to get into a home means you can realize home ownership and actually save money (lower interest rates by buying now rather than waiting to save an acceptable down payment when interest rates are rising and decreasing your purchasing power).

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amadowelch · 2 years ago

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ERC Tax Credit Physicians New

Local Physician Practices Could Benefit From A Retention Tax Credit September 2021 Compendium

At the time it was started in the CARES Act, business that had actually received PPP funding were not permitted to take part in the credit. When the Consolidated Appropriations Act of was handed down Dec. 27, 2020, however, this limitation was gotten rid of. This activity allows over one million even more companies to qualify for the program. The internal revenue service deems that the federal, state, or local COVID-19 government order had a more-than-nominal effect on your business if it minimized your capacity to supply items or solutions in the normal program of your business by not much less than 10 percent. Numerous health care practices were affected beginning in the 2nd quarter 2020.

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A medical gadget business that mounted and also serviced robotic surgical treatment tools and also whose service technicians were restricted from going into a hospital due to COVID orders.

You intend to maximize your PPP forgiveness while likewise leaving area to declare the ERC. CRI can help you apply payroll expenses in a manner that will certainly enhance your use of both programs. It tells us that suggestions can be counted as incomes and also consisted of in the quantity made use of to calculate the ERC. Section 45B idea credit may be asserted on the employer's share of FICA tax obligations on excess suggestions received by its employees. Companies can declare both the ERC and also the Section 45B idea credit for the exact same incomes.

If you paid certified incomes to an employee in Q of $14,000, the tax credit is topped at $7,000. The substantial decline in gross invoices test can generally be simple. Nonetheless, the suspension of the operations test is based on truths and also scenarios, unique per taxpayer. While we have helped lots of customers in enjoying the tremendous benefits of the ERC, lots of others were deemed ineligible.

When Will The Irs Take Into Consideration Operations To Be Totally Or Partly Put On Hold?

The HHS Carrier Relief Funds is a federal program, applied by the Division of Health And Wellness and also Person Solutions, to reimburse dental practices for healthcare-related expenses to either stop, get ready for, or respond to COVID-19. The funds can likewise be made use of to reimburse the practice for any kind of lost earnings that were attributable to COVID-19. This program is very similar to the Employee Retention Credit and employee retention credit refund delays PPP finances where the income in the practice is compared by quarter for 2019 and also 2020 to determine if there was any kind of reduction in any of those quarters. That said, it is very important to begin with a solid interpretation of eligible incomes. It can be different for business considered to be big companies under the credit.

For 2020, the credit is 50% of up to $10,000 in certified incomes paid per employee in 2020.

I personally think a number of these reimbursement declares will not endure analysis by the Irs.

This means that medical/dental practices and also various other healthcare entities may be able to take advantage of these refundable credit scores if their businesses were impacted by COVID-19 restrictions.

Due to the fact that this kind of activity occurred in lots of various other states as well, it's important that doctor that may have had even a partial effect due to the COVID-19 pandemic evaluation their ERC qualification.

Companies who requested and also got an advanced payment of the ERTC for incomes paid in the 4th quarter of 2021 will certainly be needed to repay the advancements by the due date for the appropriate work income tax return that includes the 4th quarter of 2021.

The Coronavirus Aid, Relief, and also Economic Safety and security Act, authorized right into regulation on March 27, 2020, offers numerous rewards for medical facilities and also health care companies.

This blog site is meant to resolve a few of the most-frequently heard mistaken beliefs concerning the ERC. Ultimately, you'll need to submit particular amended tax forms; you need to talk to a specialist for this step. There are very complex estimations needed to apply, so make sure to fill it out entirely and also precisely. While the regulations for larger companies are similar to those for smaller companies, they do have a few exceptions. As we went over in previous problems of this Newsletter, health is vital to a thriving dental practice, and also the loss of a health day have to be avoided.

Exactly how can you see if you are eligible for the ERC?

After doing some first study concerning the employee retention tax credit you need to take some time to examine your records and also see if you qualify for the ERC. You can likewise follow this list of actions:

https://erctaxcreditphysiciansnews.blogspot.com/2022/11/erc-tax-credit-physicians-news.html What is the Employee Retention Tax Credit? Employee Retention Credit Doctors Doctors ERTC Tax Credit Physicians ERTC Tax Credit Medical Offices ERTC Tax Credit https://twitter.com/CryptoCrispsBee/status/1591169676150984704/ https://erctaxcreditdoctors.blogspot.com/ https://erctaxcreditdoctors.blogspot.com/2022/11/erc-tax-credit-doctors.html https://amadowelch.tumblr.com/post/701200695553097728/erc-tax-credit-dentists https://goalsettingtechnique58.blogspot.com/ https://goalsettingtechnique58.blogspot.com/2022/11/goal-setting-technique.html

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xavierbautistagarcia · 3 years ago

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A little white mountain

The Cosetans were the first people to settle in Montblanc, specifically in the Pla de Santa Bàrbara, a hill within the current town that gave it its present name, around the 4th to 2nd centuries BC. The Romans subjugated them when they constituted the province of Tarraconensis, but after the fall of their empire, not much more is known until the 10th century.

The invasion of the Iberian Peninsula by the Arabs from 711 onwards led to the formation of a depopulated territory on the border between the Saracen south and the Christian north, where the present-day capital of Conca de Barberà is located.

By the end of the 10th century, a caliphate had been established in Córdoba and raids in the Christian north became commonplace. The main Saracen warlord of the time, Almanzor, crossed the region in 978, when he led one towards Barcelona, then the capital of the Marca Hispanica, a territory that served as a buffer between the Muslim Peninsula and the Kingdom of the Franks, under the rule of a count-marquis.

However, the initiative of the local county dynasties, effectively detached from the royal authority of the Franks, caused the frontier to shift southwards. In 1076, the Count of Barcelona Ramon Berenguer II ordered the creation of a village (Duesaigües - two waters -, due to its location at the confluence of the Anguera and Francolí rivers), which in 1155, taking advantage of a tax exemption initiative by Ramon Berenguer IV, changed its name to Vilasalva.

In 1163, with the first King Alfons reigning in Catalonia and Aragon, there was a need for a stronghold halfway between Lleida and Tarragona. And as Vilasalva suffered continuous floods - such as the recent catastrophic flood in 2019 - the king had the town moved to a nearby hill and gave it to Pere Berenguer, lord of Vilafranca, to whom he granted a town charter.

This was the founding charter of Montblanc. In 1170 it already had a castle, the Romanesque church of Santa Maria and a commercial district called Mercadal. In the 13th century it continued to grow thanks to royal concessions and became the site of markets and livestock fairs, as well as a royal notary's office and an Estudi Major More churches and convents were built and a Jewish quarter was established.

In 1387, King John I the Hunter established the duchy of Montblanc, which he granted to his brother, the future Martin I the Humane, the last king of Aragon of the House of Barcelona dynasty.

The 16th and 17th centuries saw a decline in the town, and it suffered various attacks during the Reapers' War (1640-1652), which damaged the emblematic wall that surrounds the entire town. The subsequent wars of the Spanish Succession and the Napoleonic War, at the beginning of the 18th and 19th centuries, respectively, meant the loss of the privileges gained throughout the Middle Ages.

#montblanc #catalonia

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paradiseshark · 4 years ago

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Jupiter home sales soar 42% during the 4th quarter. That's nothing when you look at the million dollar plus market where sales were up 70%.

The tax situation for the wealthy in America has been very advantageous since the tax cuts of 2017. That's about to change. How that affects Jupiter home sales and prices is unknown. But there are signs to watch.

To learn more, please enjoy this weeks Paradise Sharks market update....

#jupiter home sales

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jobsearchtips02 · 5 years ago

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February is a stock love fest for investors

Valentine’s Day is over, however financiers’ love affair with stocks may continue all month long and then some if history is any guide.

Over the previous decade, the 3 significant averages have actually produced their finest month-to-month gains of the entire year in February, according to Dow Jones Market Data Group.

For the S&P 500 and Dow Jones Industrial Average, that’s 2.3 percent each; for the Nasdaq, it’s 3 percent.

COULD THE CORONAVIRUS BE A BLACK SWAN?

With approximately 2 weeks left in the month, Wall Street is commemorating more than usual: Gains already are virtually double those averages, despite the volatility in recent days connected to increasing cases of the coronavirus.

What’s the driver?

Investors are looking beyond the global health crisis and focusing on the U.S.

GET FOX ORGANISATION ON THE GO BY CLICK ON THIS LINK

Incomes development for the S&P 500 is tracking at 0.9 percent for the 4th quarter, powered by heavy hitters such as JPMorgan Chase, Apple and Amazon. If that lasts, it will mark the first year-over-year development since the 4th quarter of 2018, as kept in mind by John Butters, senior revenues expert with FactSet.

TRUMP TALKS MAGA … STOCKS, THAT IS

A group of four companies with President Trump’s favorite acronym “MAGA” are leading the stock market’s charge. Microsoft, Apple, Google and Amazon are accountable for about 17 percent of the S&P 500 and almost 70 percent of the index’s gain in 2020.

Ticker Security Last Change Modification % MSFT MICROSOFT CORP. 18535 1.64 0.89% AAPL APPLE INC. 32495 0.08 0.02% GOOGL ALPHABET INC. 1,51873 5.34 0.35% AMZN AMAZON.COM INC. 2,13487 -1500 -0.70%

JANUARY JOBS REPORT SMASHES QUOTES

Likewise, U.S. economic data is solid. On Friday, consumer belief for February rose to 100.9, which is close to levels in March 2018, the “growth peak” recorded by the University of Michigan. Retail sales for January increased 0.3 percent., and while the gain was modest, economic experts recommend that’s an indication consumers are still investing.

Plus, January’s jobs report smashed records, with 225,000 positions developed.

This month, success by Sen. Bernie Sanders– a self-described democratic socialist looking for the Democratic election for president– in Iowa and New Hampshire primaries improved speculation that the party would be not able to wrest the White Home away from President Trump.

” The marketplace is believing he’s a fairly simple target for Trump,” Nuveen Chief Financial Investment Strategist Brian Nick observed during an appearance on FOX Business’ Varney & Co.

TRUMP’S TAX CUTS 2.0 COULD INCLUDE RETIREMENT ADVANTAGE

And on Friday the White Home ramped up speak about another round of tax cuts that might include combining savings and retirement accounts that offer tax breaks.

CLICK ON THIS LINK TO FIND OUT MORE ON FOX COMPANY

from Job Search Tips https://jobsearchtips.net/february-is-a-stock-love-fest-for-investors/

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airoasis · 7 years ago

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Motivation a type in final week of CFL Fantasy

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NHL

Toffoli leads Kings' early barrage in win over Leafs

Scheifele's hat trick leads Jets over Stars

Cullen sparks Wild in win over Price, Canadiens

Giordano, Smith help Flames beat Pens in OT

Stone, Anderson lead Sens past Wings

Hextall: Flyers won't acquire D amid injuries

Channelling Astros, Vegas gives Leafs best odds to be 2019 champs

The Quiz: What's the worst pick 6 this season?

Housley: 'We almost shot ourselves in the foot'

Community of Flin Flon shaped Bobby Clarke's life and career

Insider Trading: Shipachyov has returned to Russia

Avs' Varlamov makes 57 saves in win

Miller scores in OT, Rangers beat Lightning

Neuvirth stands tall as Flyers blank Blues

Kuraly's goal lifts Bruins past Golden Knights

Anderson scores a pair; Blue Jackets top Panthers

Eller scores twice, adds assist as Caps beat Isles

Ovechkin starting social movement for Putin

Kapanen gets big chance against Kings

Leafs Ice Chips: Kapanen's big chance to play with mentor Komarov

CFL

Finale for Stamps, Bombers a battle of backup QBs

Tiger-Cats ready to give their all against Als

LeFevour confident with West semifinal home field on the line

Stamps still focused on beating Bombers to get set for playoff run

Motivation a key in final week of CFL Fantasy

Reilly, Ray among team finalists for outstanding player award

Woods has long history with Lions star Rainey

Ruffles Crunch Time: From one great country and league to another

Nichols ruled out, LeFevour to start Friday vs. Stamps

Davis disappointed, feels he should be starting this week for Bombers

3 Downs: How concerning are injuries to Nichols, Harris for Bombers?

Huddle Up: Should Riders keep playing both Bridge and Glenn?

Hervey hoping for CFL return

Eskimos' Thompson out for the season

Shiltz to become 12th post-Calvillo starter for Alouettes

Coombs will start at running back in Argos' regular season finale

Banks, Masoli, Reilly named CFL top performers

CFL Fantasy: Rainey takes advantage of his opportunity

NFL

Forte rushes for two TDs, Jets run over Bills

Report: Texans' Watson tears ACL

Colts shut down Luck for season

Jones' numbers are down, but he's not sweating it

Schultz’s Week 9 picks: Take the Lions at Lambeau

49ers' Garcon on IR with neck injury

Browns WR Gordon could return this month

Game of Throws: Bills, Eagles are trade deadline winners

Statistically Speaking: Changes coming at running back

Cowboys look to Morris, others with Elliott suspended

Report: Osweiler to start at QB for Broncos

Irvin shakes his head at the latest screw up by the Browns

Ranking the best NFL trade deadline deals

Hoyer signs three-year deal with Pats

Flacco expected to start Sunday vs Titans

Vikings GM: Bridgewater's status still being determined

Lynch back with Raiders after suspension

After motion denied, PA seeks to block ruling so Elliott can play

Beyond the Scoreboard: How everybody can win from NFL protests

NBA

Lillard nails game winner as Blazers top Lakers

Warriors crush injury-riddled Spurs

Five thoughts on Murray, Okafor and more

Cavs forward Thompson out 3-4 weeks

NBA to hold lottery in Chicago next spring

Celtics' Hayward back in gym, but no timeline for return

Murray leads Nuggets' rout of Raptors

Cavs drop 4th straight as Pacers roll

Irving, Celtics beat Kings for sixth straight

Butler's late points lift T-Wolves over Pelicans

Simmons, Embiid dominate in 76ers' win over Hawks

Harden's 31 points lead Rockets past Knicks

Fournier, Gordon help Magic top Grizzlies

Warren's career night leads Suns past Wizards

Heat top Bulls to end three-game slide

Walker, Monk lead Hornets past Bucks

Rautins on efficiency of Raptors' second unit, Cavs early struggles

Spurs bring back Parker after rehab stint

Okafor asks Sixers for buyout

George, Thunder cruise to win over Bucks

MLB

A Blue Jays free agency primer

Darvish, Otani and Arrieta top MLB free-agent class

Future Watch: Arizona Fall League edition

Angels, Upton agree on five-year, $106M deal

Dodgers face decisions, luxury tax bill in off-season

Nats' Martinez: 'We're here to win the World Series'

A's exercise Lowrie's $6 million option

White Sox' Soto declines option, becomes free agent

Twins' Sano to undergo surgery for leg injury

Nats hire ex-Mets, ex-Yankees hitting coach Long

Mariners decline options on Iwakuma and Gallardo

Astros beat Dodgers for first World Series title

Roberts on Darvish: I can't explain the results

Puig's home burglarized during Game 7

Dodgers' title drought extended to 30 years

With five homers, Springer named MVP

Verlander on WS win: 'Everything I could ever imagine'

Phillips: Entire city of Houston was in this together

Perez discusses Astros' long road to first World Series title

Red Sox hire La Russa as special assistant

Soccer

Dempsey nets two as Sounders eliminate Whitecaps from playoffs

TFC complains to MLS over fan abuse in NYC

Milan held to tie; Atalanta, Kyiv advance in Europa

United's Young recalled to England

Evra charged with violent conduct for kicking fan

Tottenham stuns Real Madrid to reach knockout phase

Sinclair leads young Canada squad against U.S.

Dortmund faces Champions League exit after draw with APOEL

Besitkas closer to knockout stage after draw with Monaco

Moor, Vazquez questionable for TFC vs. Red Bulls

Crew take advantage of short-handed NYCFC in first leg

United beats Benfica after more agony for keeper Svilar

PSG win big, advance in Champions League

Must See: Neymar belts a screamer vs. Anderlecht

Atletico held by 10-man Qarabag in Champions League

Giovinco's free kick lifts TFC over Red Bulls

Atletico Madrid returns to former stadium

FIFA exec says 24-team Club World Cup discussed

After ten matches, Madrid facing big deficit

EPL: Leicester City 2, Everton 0

NCAA

Duke is No. 1 in AP preseason poll for second straight year

Barrett to make NCAA decision on Nov. 10

Georgia ranked at top of first CFP rankings

Predictions for a huge CFB weekend

Oklahoma's win over Ohio State important to CFP committee

Must See: College football coach scares players

Kelly focused on Notre Dame maintaining success

The road to the CFP has been wild

Florida, HC McElwain mutually part ways

AP Top 25: Georgia rises to No. 2, Ohio State up to No. 3

No. 6 Ohio State rallies to beat No. 2 Penn State

No. 25 Iowa State upsets No. 4 TCU in low-scoring game

No. 7 Clemson rebound for victory over Georgia Tech

No. 3 Georgia thumps rival Florida

No. 8 Miami stays unbeaten, tops North Carolina

No. 5 Wisconsin holds off Illinois, stays unbeaten

Northwestern stuns No. 16 Michigan St. in OT

No. 9 Notre Dame wears down No. 14 NC State

Peters helps Michigan pull away and top Rutgers

Rudolph shines in rain, No. 11 Oklahoma St. beats No. 22 WVU

UFC

St-Pierre, Bisping trade barbs ahead of UFC 217

TSN Original: 'The Mind of GSP'

Things get heated at UFC 217 news conference

Does Namajunas have a chance against Jedrzejczyk?

Garbrandt trying to create tense environment ahead of Dillashaw fight

McGregor: I'd beat Mayweather in a rematch

Is Bisping really 'terrified' of St-Pierre's wrestling?

Duffy on training with St-Pierre during his fight camp

Thompson ready to adapt to any style Masvidal brings

Gall explains why he brings so much confidence to mixed martial arts

Brown on fighting for New York in the wake of a tragic incident

Vick frustrated UFC has been unable to secure him a Top 15 opponent

This Fight is Important: Garbrandt vs. Dillashaw

This Fight is Important: Jedrzejczyk vs. Namajunas

GSP can cement his place in UFC history with win in his return

UFC Notebook: Covington cements himself as a contender

St-Pierre holds open practice in Montreal

Lawler: MacDonald using steroid accusations as a coping mechanism

UFC Notebook: Till delivers upset over Cerrone

Tennis

Del Potro beats Haase in third round of Paris Masters

Nadal wins in Paris, will end year as No. 1

Vandeweghe, Barty, Sevastova advance to semifinals

Rybarikova upsets Mladenovic at WTA Elite Trophy

Shapovalov bounced in straight-sets at Paris Masters

Thiem grinds past Gojowczyk at Paris Masters

Vandeweghe opens WTA Elite Trophy with win

Federer wins hometown Swiss Indoors

Wozniacki claims trophy at WTA Finals

Wozniacki advances in WTA Finals

Federer moves on at Swiss Indoors

Shapovalov falls in second round to Mannarino

Garcia advances at WTA Finals

Federer, Del Potro, Cilic advance to Basel quarters

Venus Williams reaches semifinals at WTA Finals

Del Potro beats Sousa in quest for third Basel title

Wawrinka needs coach after Norman leaves

Federer beats Tiafoe in at hometown Basel event

Sock rallies to beat Pospisil at Swiss Indoors

Williams needs more than 3 hours to beat Ostapenko

Golf

Whee shoots 65 to take Las Vegas lead

Report: Olympic to get PGA, Ryder Cup

Hot putter leads to fast start for Taylor

Tiger's back, but there's a lot to be addressed

Rose keeps alive streak of winning every year since 2010

Silverman's top 10 an important finish

Woods to play in Hero World Challenge

Armour shoots 68, earns 1st career win at Sanderson Farms

Rose wins title at HSBC Champions

PGA: Sanderson Farms Championship - Rd. 4

Kerr wins in Malaysia with birdie on last hole

Johnson leads at HSBC Champions

Armour takes five-shot lead at Sanderson Farms

Woods pleads guilty to reckless driving

Johnson grabs lead with new putter at HSBC Champions

Armour takes one-shot lead at Sanderson Farms

Toms makes ace, shares lead at Sherwood

Feng shoots 65 to lead Sime Darby

Johnson would welcome a PGA shot clock

Landry, Spaun among leaders at Sanderson Farms

Hockey Canada

Spooner calls Olympic funding 'amazing'

Canada continues search for hockey talent ahead of Olympics

Canada unveils 2018 hockey jerseys

TeamSnap partners with Hockey Canada

Spooner scores twice as Canada beats U.S.

Scrivens, Lee on Canada's pre-Olympic roster

Labonte sees great development in Canadian goalies

Canada's women's team falls to U.S. in pre-Olympic matchup

Bonhomme: Coyne, Decker and Knight overpower Team Canada

Davidson discusses challenges of assembling Olympic roster

66 players chosen to represent Canada at 2017 World Under-17 Hockey Challenge

Renney discusses Canada's Olympic expectations

Olympic gold medalist Watchorn announces retirement

IIHF release Olympic hockey schedule

Canadian women's forward Campbell retires from international play

Olympian Labonte retires from women's hockey

Hockey Canada contacts Doan and Iginla for Olympics

Regina hockey legend Tuer dies at 87

McBain leads Canada over Czechs to win Ivan Hlinka

Canada beats Sweden to advance to Ivan Hlinka final

Curling

Simmons finds right fit alongside three young guns ahead of Pre-Trials

Gushue, Jones capture Masters title in Lloydminster

Big names highlight field at men's Road to the Roar Pre-Trials

Anybody's game at women's Road to the Roar

WCT Recap: Edin defends at Champery, Roth surprises at Canad Inns

WCT Recap: Carruthers defends title at Canad Inns

Canada takes silver at mixed curling worlds

Brier to be held in Brandon in 2019

Mourning the passing of Ray Turnbull

WCT/CCT Recap: Gushue, Homan just keep on winning

WCT/CCT Recap: World champions Gushue, Homan victorious

Canada to face Brazil for men's worlds curling berth

WCT Recap: Gunnlaugson, Tippin, Englot pick up wins

WCT Recap: Jacobs, Sinclair take home Shorty Jenkins

What you need to know for the women's curling season

What you need to know for the men's curling season

Curling worlds to stay in Canada until 2020

Gushue downs Walstad to claim Tour Challenge

Team Gushue captures Everest Curling Challenge

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frogtownhobbies · 5 years ago

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Last weekend Frogtown Hobbies hosted a modern format Star City Games Invitational Qualifier and pulled in an exciting field of 62 players from all over Ohio and Michigan. Later this month (Saturday, August 24th to be specific) we are holding our first ever Mythic Championship Qualifier and the format will again be modern, so we thought a brief analysis of the decks played last Saturday would be informative for anyone coming out in a few weeks. Two notes before I begin; first, space will be limited for the MCQ and we are capping attendance at 132 so if you are planning on playing, sign up sooner rather than later. Second, while 62 players is a good turnout for an IQ, all analysis in this article still comes with a small sample size warning. This last point is accentuated by the disparity in player skill at local tournaments. That being said, on with the analysis.

The Field

Modern is, of course, a hugely diverse format with anywhere from 10 to 40 decks being competitive, depending on how strictly you define competitive. Using MTGTop8.com we see that 9 different modern archetypes have managed to top-8 at least 10 times in the last 2 weeks alone, 21 have at least 4 top-8s, 32 have at least 2 top-8s and a full 50 have managed to make at least 1 top-8. By this metric Dredge (which includes Hogvine decks on MTGTop8) leads the way with 53 top-8s (15%) followed by Phoenix variants (mostly UR or mono-R) with 37, UW Control (28), Eldrazi Tron (25), Urza’s Foundry (23), Classic Tron (23), Burn (22) and Jund (21). Mythic Championship IV in Barcelona had 11 different decks played by at least 10 players and 20 played by at least 3 led by Hogvine (98 players), UR Phoenix (48 players), Eldrazi Tron (42 players), Humans (38 players), UW Control (38 players) and Jund (36 players).

The Frogtown IQ was no less diverse, with 24 different archetypes being played by its 62 players and 13 being played by at least 2 players. Like the Mythic Championship the week before Hogvine was the most played deck with 8 intrepid pilots braving the seas of graveyard hate for the possibility of its explosive starts. All of the Hogvine decks played were pretty uniform in the maindeck with the only decision point seeming to be what removal suite to use in the last 3-5 slots between Lightning Axe (most popular), Assassin’s Trophy, Abrupt Decay and Fatal Push (least popular). Despite its heavy representation, Hogvine players were shut out of the top-8 with it’s best performance being put up by Michael Barabe in 9th place at 4-2.

The second most popular deck was Jund, right behind Hogvine with 7 players. Befitting of a midrange deck built around answering threats the Jund decklists were very diverse.Wrenn and Six was universally adopted with everyone running between 2 and 4. All 7 players also ran some number of Inquisition of Kozilek, Thoughtseize, Tarmogoyf, Lightning Bolt and Liliana of the Veil, and 6 of 7 players also ran some number of Bloodbraid Elf and Assassin’s Trophy. Raja Sulaiman managed the archetype’s only top-8 with one of the most unique lists, splashing white for 3 maindeck Path to Exile (with the 4th in the sideboard) to compliment a full boat of Assassin’s Trophies and fully tax his opponents’ basic land counts. The fourth color probably precluded Raja from playing a ghost quarter or two but modern’s basic land light decks are definitely ill-equipped to handle that many of that effect.

A trio of very disparate deck choices were brought by 5 players each in Monogreen Tron, Burn and Urza’s Foundry (sometimes called Grixis Urza or Whirza). Tron lists are obviously pretty stock at this point with the variety basically boiling down to whether to run the Karn-Lattice package or not. Notably, our five players all chose not to, led by Nick Moore who managed to top-8 despite leaving his trusty Celestial Colonnades at home. The burn decks were similarly uniform with all five players running nearly identical 75s. All five were RW (with one lightly touching green for some sideboard cards) and all 5 ran Skewer the Critics, Boros Charm and Lightning Helix on top of the usual suspects. One burn player made top-8 with the archetype, Peter Duhamel II. Urza’s Foundry was the final deck to be brought by 5 players and, despite the deck being fairly new to Modern, there was not a lot of variation in the lists. Teferi, Time Raveler was in the maindeck of 3 of the lists (and the SB of another), 4 of the players ran Goblin Engineer, 1 player ran a Time Sieve and another ran the Karn package but for the most part the decks were pretty uniform. Yours truly was the only player to top-8 with the archetype, running it back for my second straight top-8 with it.

The rest of the decks to be played by at least 2 players were Humans (4 players, 1 top-8), Mono-R Phoenix (4 players, 1 top-8), UW Control (3 players), UR Phoenix (2 players, 1 top-8), Affinity (2 players), Goblins (2 players), TitanShift (2 players) and Eldrazi Tron (2 players). For those of you counting at home thats 7 of the 8 Top-8 slots. With the last slot being taken by the eventual winner Jarad Carroll on RW Reckoner (!!) thats a full 8 distinct archetypes (depending on how you feel about UR vs mono-R Phoenix). Our 13 decks with multiple pilots were the same as the 13 decks with more than 10 players at the Mythic Championship with 2 exceptions (Goblins and Affinity at Frog Town vs 2 different Dredge variants in Barcelona).

Results

I mentioned the top-8 decks above but let’s look a little more in depth at how decks did during the IQ. Tracking all 13 2+ pilot decks, along with the “other” category, we saw three distinct tiers emerge from the tournament. Tier 1 (Humans, UR Phoenix, Affinity, Mono-R Phoenix and Tron) all saw their players post mean and median point totals of 9 or more and match win percentages greater than 54%. Humans had an especially good day in terms of number of standings points with its players managing 3, 12, 12 and 15 points led by Max Hersch’s top-8 appearance. UR Phoenix had only 2 players but one made top-8 (Joe Romeo) with a 4-0-2 record that buoys the match-win percentage for the archetype. Affinity also had two players (who finished on 12 and 6 points). Mono-Red Phoenix was all over the map with point totals for its four players of 3,6,12 and 15 (A top-8 for Aaron Miotke).

The second tier of decks (Burn, Whirza, Hogvine, Jund, Goblins and UW Control) all had mean and median point totals between 6 and 9 and match win percentages between 42% and 54%. It should be noted that the more players a deck has the harder it is to move into the top tier just based on there being a limited number of places available at the top of the standings. Accordingly we see most of our top played archetypes here in the middle tier.

The lowest tier of decks includes the 11 decks in the “other” category as well as Titan Shift and Eldrazi Tron. Besides Jarad Carroll’s Reckoner deck no singleton deck finished higher than 9 points. Titan Shift and Eldrazi Tron had especially bad days at the office with final point totals of 0, 9, 3 and 3 combined.

Conclusion

Overall, it looks like the best plan for the IQ was to be aggressive with a little bit of disruption as this adequately describes Humans, both Phoenix decks, Affinity, Burn and Hogvine. The little bit of flux caused by recent strong Modern sets like Modern Horizons and War of the Spark makes it hard to play control (where a settled field helps make sure you play the right answers). Of course, the deck that won took advantage of all of those aggressive decks (beating BR Elementals, Devoted Vizier, Affinity, Humans, Burn and Mono-R Phoenix while losing only to Whirza) by playing maindeck Auriok Champions, Worships, Blessed Alliance, Pyroclasm and Blasphemous Act to the top of the heap so there’s that.

Boros Reckoner Swans

Jarad Carroll

1st Place at Star City Games Invitational Qualifier on 8/3/2019

Creatures (19)

4 Auriok Champion

4 Boros Reckoner

2 Spiteful Sliver

2 Swans of Bryn Argoll

2 Volcano Hellion

4 Wall of Omens

1 Hazoret the Fervent

Planeswalkers (2)

2 Chandra, Torch of Defiance

Lands (21)

2 Mountain

6 Plains

1 Bloodstained Mire

1 Clifftop Retreat

4 Inspiring Vantage

2 Marsh Flats

2 Sacred Foundry

3 Wooded Foothills

Spells (18)

2 Rest in Peace

2 Worship

1 Blessed Alliance

3 Lightning Bolt

3 Path to Exile

1 Blasphemous Act

4 Faithless Looting

2 Pyroclasm

Sideboard

1 Pithing Needle

3 Blood Moon

2 Leyline of Sanctity

1 Rest in Peace

2 Stony Silence

1 Boil

1 Wear

2 Anger of the Gods

My recommendation is the same as it always is in modern: either play something proactive with just enough disruption or win the matchup lottery and coast through without playing decks that beat you. Good luck to all of those coming to Frogtown’s Mythic Championship Qualifier, I’ll be there battling it out for fame and glory, stop and say hello.

-Stephen K Timmons

#articles #staff

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pennsylvaniaprelawland-blog · 5 years ago

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Pennsylvania Fireworks Laws: What Exactly Are They?

By Olivia Pereira, Villanova University Class of 2020

July 9, 2019

During the summer months, a lot of people enjoy setting off fireworks in celebration. If you live in Pennsylvania or go to a summer party in Pennsylvania, you should be aware of the state firework laws. In October 2017, House Bill 542 was passed that made it legal for Pennsylvania residents to purchase “consumer” fireworks. The state tax rate on each fireworks item is 12%. You must be 18 years of age or older to purchase consumer fireworks. Examples of the types of fireworks you can legally purchase in Pennsylvania include:

● Sparklers

● Roman Candles

● Bottle Rockets

● Fireworks that contain a maximum of 50 milligrams of explosive material

Display fireworks are still illegal to purchase in Pennsylvania and you must have a permit to purchase them. Explosives commonly referred to as “M-80,” “M-100,” “Blockbuster,” “Cherry Bomb,” “Quarter or Half Stick,” and “Ash Cans” are still considered federally illegal [5].

The Pennsylvania Department of Agriculture licenses stores that are allowed to sell consumer fireworks throughout the state.

Restrictions on setting off fireworks:

● Fireworks cannot be ignited if the person setting them off is intoxicated

● Fireworks cannot be ignited on public or private property if the property owner does not express permission to do so

● Fireworks cannot be ignited near, towards, or from a motor vehicle

● Fireworks cannot be ignited within 150 feet of an “occupied structure” [1]

These restrictions are very important to take note of, especially the last bullet point. An occupied structure does not mean there has to be people in it. From its definition, an occupied structure is any building designed for overnight stay or business. Most likely, if you live in a city or a suburb, you cannot ignite fireworks in your neighborhood based on this restriction.

Why was this law passed in 2017? CBS Philadelphia reported that the fireworks law was part of a budget package intended to fix a massive deficit. By legalizing consumer fireworks and putting a 12% tax on purchases, Governor Tom Wolf hoped this law would have a positive outcome [2]. Prior to this new law, only out of state residents could purchase consumer fireworks in Pennsylvania.

The signing of House Bill 542 had some issues associated with it. First, the law contradicted Philadelphia’s Fire Code which prohibited people using fireworks within city limits. This past year, a bill was signed by Mayor Jim Kennedy amending this contradiction so the law is more clear to officials [3].

It’s been two years since the bill was passed and there’s some controversy, especially from police and firefighters. Over the course of two years, police and firefighters have seen a massive increase in fires and vandalism due to fireworks. The week of 4th of July this year, one county in Pennsylvania reported receiving 237 fireworks-related 911 calls. Many state senators and officials are voicing their opinions on the relatively new law, saying that the law did not have first-responders in mind and was signed solely for budgeting purposes [4].

This past year, there were certain amendments to the law. Residents can no longer buy airborne fireworks at roadside tents. Now, airborne fireworks are only being sold at brick and mortar stores. There was a lawsuit between the state of Pennsylvania and fireworks stores. The stores sued the Commonwealth and argued that their stores were well-equipped and more safe than tent stores. Additionally, the pop-up tents were regulated by a state agency, not a federal agency. Because of this, their licensing and overhead fees were lower. The stores that filed the lawsuit against the state also argued that these tents had an “unfair competitive advantage” [6].

Being aware of the fireworks laws in Pennsylvania and restrictions on igniting them is very important for residents. Since there is controversy over safety regulations with the new law, it is possible that there will be some changes to it in the coming years. Pennsylvania is not the only state that passed more lenient fireworks laws over the past few years—Delaware and New Jersey have as well. The leniency is largely due to increasing tax revenue. Pennsylvania’s fireworks laws are the most lenient of the three states [7].

________________________________________________________________

https://www.lehighvalleylive.com/news/2018/06/what_fireworks_are_legal_in_pe.html [1]

https://www.cbsnews.com/news/pennsylvania-new-law-fireworks-governor-wolf/ [2]

https://billypenn.com/2019/06/29/are-fireworks-legal-in-philadelphia-this-could-be-the-year/ [3]

https://www.abc27.com/news/local/york/police-firefighters-call-for-changes-to-pennsylvania-fireworks-law/ [4]

https://www.thefireworkssuperstore.com/education/laws/pennsylvania [5]

https://www.pennlive.com/life/2019/07/pas-fireworks-laws-have-changed-heres-what-you-need-to-know-before-the-fourth.html [6]

https://whyy.org/articles/fireworks-are-mostly-legal-now-in-the-tri-state-area-heres-what-you-need-to-know/ [7]

Photo Credit: Frank Vincentz

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hostingnewsfeed · 6 years ago

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Stanphyl Capital Letter - March 2019

New Post has been published on http://psychotherapy-online.com/stanphyl-capital-letter-march-2019/

Stanphyl Capital Letter - March 2019

March 29, 2019

Friends and Fellow Investors:

For March 2019, the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the Russell 2000 is up approximately 14.6%. Since inception on June 1, 2011, the fund is up approximately 85.4% net while the S&P 500 is up approximately 148.5% and the Russell 2000 is up approximately 102.4%. Since inception the fund has compounded at approximately 8.2% net annually vs. 12.3% for the S&P 500 and 9.4% for the Russell 2000. (The S&P and Russell performances are based on their “Total Returns” indices which include reinvested dividends.) As always, investors will receive the fund’s exact performance figures from its outside administrator within a week or two. (If you’re an investor in the fund, you should have your 2018 K-1 next week.)

I continue to believe that what we’ve seen since the market’s late December low is a bear market rally, albeit a fierce one. The U.S. economic slowdown is in its early stages and we’re a long way from QE4; in fact, the Fed is still removing approximately $50 billion a month from its balance sheet and – despite the taper announced in March – will continue removing tens of billions of dollars a month through September, while real short-term U.S. interest rates are positive for the first time in over a decade. We thus remain short the Russell 2000 (NYSEARCA:IWM), an index which-despite incorporating almost a full year of drastically lower corporate tax rates-has a trailing twelve-month GAAP PE ratio of around 43 (and I strongly suspect the “E” will go down this year) and a record-high percentage of its constituent companies losing money…

…along with a median EV-to-EBIT that’s (almost literally!) off the charts:

Elsewhere in the fund’s short positions…

We remain short stock and call options in Tesla, Inc. (NASDAQ:TSLA), which I consider to be the biggest single stock bubble in this whole bubble market. The core points of our Tesla short position are:

Tesla has no electric vehicle “moat” of any kind; i.e., nothing meaningfully proprietary in terms of design or technology, while existing automakers-unlike Tesla-have a decades-long “experience moat” of knowing how to mass-produce, distribute and service high-quality cars consistently and profitably.

Tesla is now a “busted growth story”; demand for its existing models has peaked and it will have to raise billions of dollars to produce new ones.

Tesla is again losing a lot of money with a terrible balance sheet while suddenly confronting massive competition in every aspect of its business

Elon Musk is extremely untrustworthy.

In mid-March, seemingly in response to its sliding stock price (which may have been approaching Elon Musk’s margin call territory), Tesla rushed out an ill-prepared Model Y unveiling on extremely short notice, inspiring its chief engineer to immediately quit. Supposed to be a small electric SUV/crossover, the event showed only a fake clay model and a bodywork-disguised Model 3, and was a complete embarrassment beautifully summarized here by Zero Hedge. By the time the Model Y is available in late 2020/early 2021 (if Tesla is still in business then), it will face superior competition from the much nicer Audi Q4 e-tron, BMW iX3, and Mercedes EQC.

Tesla’s backlog is now gone and new orders severely lag, and in response this month it finally introduced a $35,000 version of the Model 3. Despite the fact that this car has just 220 miles of range and comes only in black with a cheap cloth interior, I estimate it will have an EBIT loss of at least $3000 before options, which is undoubtedly why Tesla is delaying its arrival despite taking deposits for it. Tesla also introduced a 240-mile version for $37,500; that one may “only” lose around $1500 but is less likely to be “optioned up,” as it has power seats and a nicer interior (although the only standard color remains black).

Also keep in mind that since January Tesla has slashed thousands of dollars from the prices of all its other cars – longer-range Model 3s as well as the S and X, so throughout 2019 (vs. the peak quarters of Q3 & Q4 2018) Tesla will experience a deadly combination of declining volume and declining ASPs. In January, the company reported a Q4 2018 GAAP profit of $139 million that was considerably smaller than Q3’s never-to-be-topped and highly misleading (as explained in previous letters) figure of $312 million, and now as ASPs and volume decline while under-reserved warranty expenses soar, Tesla shall slide back into losses that I estimate on a GAAP basis will be well over $1 billion for 2019. That said…

In yet another example of typical Tesla “wise-guy scamminess,” the Q1 2019 GAAP loss may not be anywhere near as bad as it should be, as there’s a real chance that Tesla may use its sudden redefinition of “Full Self-Driving” (which, according to Tesla but NOT the customers who paid for that feature, now means nothing of the sort) in order to recognize hundreds of millions of dollars of deferred revenue to which it’s nowhere *near* entitled. See this excellent Twitter thread.

What else did this alleged “growth company” do in March? Well, after initially announcing (in a spur-of-the-moment cost-saving measure) that it was closing 90% of its retail stores, Tesla soon backtracked and decided to close “only” around half of them, most likely when someone informed Musk – who is truly a business moron – that the company was on the hook for all those leases anyway.

In late February, the SEC finally lost patience with Elon Musk’s continual violation of last year’s settlement stemming from his fraudulent “$420 buyout” tweet and asked the presiding judge to hold him in contempt, to which Musk (of course) swiftly responded by further mocking the SEC. Written arguments were presented by both sides in March and the presiding judge will hold a hearing on April 4th. Despite the terrible precedent Musk’s behavior sets for the CEOs of any other public company, I don’t have much faith that justice will be served here by either the court or Tesla’s fully complicit board; of course the latter’s source of complicity is clear: this is the most grotesquely overpaid group of corporate whores I’ve ever seen on the board of any public company…

…and here’s what Musk gets for his shareholders’ money from his new figurehead of an “independent” Chairwoman:

Musk’s public persona of impetuous stupidity as exemplified by his Twitter account undoubtedly provides an illuminating window into his private persona. Tesla has the most executive departures I’ve ever seen from any company (here’s the astounding full list), a dubious achievement that continued in March when in addition to the aforementioned departure of its chief engineer, still more folks departed from its already gutted finance department, as well as multiple other departments. This followed February’s departure of its general counsel after fewer than two months on the job, which followed January’s departure of its CFO, which followed the departures of a massive number of financial, manufacturing and engineering execs in 2018 and 2017. These people aren’t leaving because things are going great (or even passably) at Tesla; rather, they’re likely leaving because Musk is either an outright crook or the world’s biggest jerk to work for (or both). Could the business (if not the stock price) be saved in its present form if he left? Nope, it’s too late. Even if Musk steps down in favor of someone who knows what he’s doing, emerging competitive factors (outlined in great detail below) and Tesla’s balance sheet make the company too late to “fix” without major financial and operational restructuring.

Also in March, Navigant Consulting came out with its annual ranking of autonomous driving capabilities, and just as last year Tesla ranked dead last among active automakers and suppliers. Meanwhile, the number of lawsuits of all types against Tesla continues to escalate – there are now over 500!

How poorly is Tesla run? The quality of its products is one indication, and in February Consumer Reports published its annual auto reliability survey and guess who finished second-to-last? As one wag said on Twitter: you can now officially call Tesla “the Cadillac of electric cars”:

Consumer Reports’ awful Tesla reliability data jibes with the latest survey from True Delta, which ranks Tesla last among all available vehicles, while in September, British magazine What Car? ranked Tesla reliability so low that it’s in “a league” of its own.

But what about all those Tesla owners who tell you how much they love their cars despite the service and reliability problems?

I’ve always argued that Tesla owners (and TSLA bulls) confuse “luxury electric car love” for “Tesla love,” and now that superior European alternatives are beginning to roll out, Tesla drivers will flock to them. For instance, among those relatively near-term alternatives (out in late 2019) is the Porsche Taycan (OTCPK:POAHY) (here’s a great new video of it), and according to Porsche’s surveys, it’s Tesla drivers who are most interested in buying it. After its U.S. tax credit price advantage over Tesla (whose credits will be gone at the end of 2019), the stunning, Autobahn and Nürburgring-tested Taycan will cost roughly the same as the least expensive Tesla Model S and, among innumerable other advantages, will charge 2 ½ times as quickly and in the U.S. include three years of that charging as part of the purchase price. Hmm, Tesla or Porsche… Not a tough choice! Porsche has the capacity to build 40,000 Taycans a year, roughly the expected number of 2019 Model S sales before the Taycan steps in to steal pretty much all of them, and in March, Porsche announced that it already has over 20,000 orders. So Model S sales are about to be *so* dead. And if that’s not enough, a crossover version of the Taycan will follow soon thereafter, as will an all-electric version of the next Maycan. So Model X sales are *also* about to be *so* dead, especially in light of the other electric crossovers and SUVs discussed below…

Porsche’s offerings are just part of an onslaught of luxury EV competition that’s about to rip the face off sales of Tesla’s most profitable models, the S&X. The Audi (OTCPK:AUDVF) e-tron and Jaguar I-Pace (see below) are already crushing S&X sales in the European countries where they’re available, and the Audi arrives here in the U.S. in April. The e-tron is an all-electric SUV with a much nicer interior (and better build quality!) than any Tesla and a price that’s around $15,000 lower than the Model X before the Audi’s (initial) $3,750 to (eventual) $7,500 U.S. tax credit advantage. (Although the Audi’s range is expected to come in at around 225 miles vs. 295 miles for the Model X, the Audi will charge faster.) The e-tron received solid reviews (here, here, here and here), and three more electric Audis will follow it: the Sportback in late-2019 and, in 2020, the spectacular e-tron GT that recently debuted at the L.A. Auto show, as well as (in late 2020) the Q4 e-tron small electric crossover.

Also currently in showrooms is the Jaguar I-Pace (which received fabulous reviews, handily beating Tesla in comparison test after comparison test) and costing $20,000 less than the Model X and $15,000 less than the Model S, price gaps that widen by an additional $3,750 with Jaguar’s current U.S. tax credit advantage and escalate to $7,500 in January 2020. I’ve driven the Jaguar and can assure you that no objective person will say it isn’t much nicer than any Tesla.

The Mercedes EQC (OTCPK:DDAIF) (OTCPK:DMLRY) all-electric SUV will be widely available in Europe in the summer of 2019 and in the U.S. in early 2020, with an EPA range of around 225 miles and a price that will be nearly $30,000 (!) less than the Model X before the Mercedes’ (by then) $7500 U.S. tax credit advantage. And by 2022 Mercedes will have ten fully electric models, covering nearly all its model lines.

And let’s not count out BMW (OTCPK:BMWYY); here’s a fascinating interview with its head EV powertrain engineer and a preview of its upcoming 2021 i4 and iX3.

Less expensive and available now are the excellent new all-electric Hyundai Kona (OTCPK:HYMLF) (OTCPK:HYMTF) and Kia Nero, extremely well reviewed small crossovers with an EPA range of 258 miles for the Hyundai and 238 miles for the Kia, at prices of under $30,000 inclusive of the $7,500 U.S. tax credit. I expect these cars to have an immediate and negative impact on sales of Tesla’s Model 3 and a future negative impact on Tesla’s Model Y (assuming, of course, the latter makes it to market before Tesla declares bankruptcy).

So here is Tesla’s competition in cars (note: these links are continually updated)…

THE NEW ALL-ELECTRIC JAGUAR I-PACE

2019 Jaguar XJ to be reborn as high-tech electric flagship

VW Group to launch 70 pure electric cars over the next decade

Audi e-tron electric SUV is available now

Audi e-tron Sportback comes late 2019

AUDI E-TRON GT FIRST DRIVE: LOOK OUT, TESLA (available 2020)

Audi’s Q4 e-tron previews entry-level EV for 2021

Porsche Electric Taycan Launches Late 2019

Porsche Taycan Cross Turismo to launch in 2020 after Taycan Sedan

The next generation of the Porsche Macan will be electric

New VW ID. hatch: order books for VW electric car open on May 2019

Mercedes EQC Electric SUV Available Mid-to-Late 2019

Mercedes to launch more than 10 all-electric models by 2022

258-Mile Hyundai Kona electric is available now for under $40,000

239-Mile Kia Niro EV is Available Now For Under $40,000

Kia Soul (available mid-2019) EV’s Range Jumps to 243 Miles

Kia Europe to have six pure electric models by 2022

Chevrolet Bolt Offers 238 Miles On A Single Charge GM is transforming Cadillac into an electric brand

Nissan LEAF e+ with 226-mile range is available now

Nissan Leaf-based SUV coming in 2020

The 2020 Volvo Polestar 2 Is Priced to Beat Tesla’s Best-Selling Model 3

BMW iX3 electric crossover goes on sale in 2020

New BMW i4: Tesla-rivalling coupe seen winter testing

BMW to have 25 electrified models by 2025

Ford CEO says 16 electric models are in design & development

Peugeot 208 to electrify Europe’s small-car market

Toyota, Mazda, Denso create company to roll out electric cars beginning 2019

Toyota to market over 10 battery EV models in early 2020s

New Renault Zoe to feature 400km range

Renault aims to remain EV leader in Europe

Infiniti will go mostly electric by 2021

DS 3 Crossback will give PSA’s upscale brand an electric boost

ALL-ELECTRIC MINI COOPER COMING IN 2019

Smart Will Electrify Its Entire Line-up By 2020

SEAT will launch 6 electric and hybrid models and develop a new platform for electric vehicles

Opel/Vauxhall will launch electric SUV and van in 2020

2019 Skoda e-Citigo confirmed as brand’s first all-electric model

Skoda planning range of hot all-electric eRS models

New Citroen C4 Cactus to be first electrified Citroen in 2020

MG E-Motion confirms new EV sports car on the way by 2020

Fiat Chrysler bets on electrification for Alfa, Jeep and Maserati

Maserati offering three fully electric cars between 2020 and 2022

Rolls-Royce is preparing electric Phantom for 2022

Honda will offer full-EV or hybrid tech on every European model by 2025

Bentley mulls electric car to help reduce carbon footprint

Subaru to introduce all-electric vehicles by 2021

Korando will lead SsangYong’s push into electrification

Dyson Moves Ahead on $2.6 Billion Electric Car Plan

Lucid Motors closes $1 billion deal with Saudi Arabia to fund electric car production

Rivian (electric pick-up truck maker) Announces $700M Investment Round Led By Amazon

Borgward BXi7 Electric SUV Flies Under The Radar

Detroit Electric promises 3 cars in 3 years

SF Motors reveals two electric SUVs for 2019 with 300 miles of range

Two new electric cars from Mahindra in India by 2019; Global Tesla rival e-car soon

Saab asset owner NEVS plans electric car production

EV startup Canoo will only sell cars on a subscription basis

And in China…

VW, China spearhead $300 billion global drive to electrify cars

Audi Q2L e-tron debuts at Auto Shanghai

Audi China to roll out 12 locally-produced models in total by 2022

BYD launches EV535, all-electric SUV

BYD Song MAX BEV version with 500km range to hit market in 2019

2019 BYD Yuan EV360 goes on sale with prices starting RMB89,900 after subsidy

Daimler & BYD launch new DENZA electric vehicle for the Chinese market

BAIC and Daimler to Build $1.9 Billion China Plant

BAIC brings EX5 Electric SUV to market

BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV

Daimler to Start EQC Electric SUV Production in China in 2019

GM China raises new-energy vehicle target to 20 models through 2023

Nissan & Dongfeng to invest $9.5 billion in China to boost electric vehicles

Toyota to Introduce 10 New Electrified Vehicles in China by 2020

Infiniti bringing EVs to China’s luxury car market

NIOS ES8 Electric Crossover debuts with half the Tesla Model X’s price tag

536 HP Nio ES6 Midsize Electric SUV Launches With 317-Mile Range at 1/2 the price of Tesla X

NIO’s third model said to be a sedan dubbed EP7

BMW will develop and produce electric Mini in China

Ford ramps up electric vehicle push in China

Jaguar Land Rover’s Chinese arm invests £800m in EV production

SAIC building factory in China for EVs from Roewe and MG

Renault and Brilliance Automotive to build 3 new electric light commercial vehicles for China

Honda launches new all-electric Everus VE-1 for ~$25,000 in China

Honda to roll out over 20 electric models in China by 2025

Geely all-new BEV sedan Jihe A starts at RMB150,000

Geely unveils GE11 compact BEV

New Geely Emgrand GSe crossover has EV range up to 400km

Changan building large scale NEV factory

Mazda and Changan Auto join hands on electric vehicles

XPENG Motors kicks-off sales of Tesla-infused EV for €30,000

XPENG Motors to unveil second model at Auto Shanghai 2019

WM Motors/Weltmeister EX5 Electric SUV Launched On The Chinese Car Market

Chery Breaks Ground on $240M EV Factory in China

Chery’s second EV plant open in Dezhou

BYTON to launch mass-produced M-Byte into market at the end of 2019

DearCC Launches ENOVATE Electric SUV

GAC NE to roll out 12 new models for Aion series, including solar-powered models

Guangzhou Auto To Launch Four New Electric Cars By 2020

Great Wall Launches New EV Brand (NYSE:ORA) In China

Singulato iS6 Electric SUV Debuts With 249-Mile Range

Singulato, BAIC partner to promote smart new energy vehicles

Hongqi launches E-HS3 BEV SUV with AWD option, 390km range and 0-100kh/h in 5.9 seconds

FAW (Hongqi) to roll out 15 electric models by 2025

JAC’s Electric Car Has A Range Of 500 Kilometers

ICONIQ to build electric cars in Zhaoqing with total investment of RMB 16 billion

Quianu Motor aims to grab share of US electric vehicle market

Hozon Kicks Off Mass Production With All-Electric Neta N01

Aiways U5 long-range electric SUV

All-electric NEVS 9-3 sedans (nee Saab) being built in China

Youxia Motors raises $1.25 billion to start 2019 EV production

CHJ Automotive buys Lifan for shortcut to EV production

Wanxiang Gets China Electric Vehicle Permit to Make Karma Cars

Qoros Auto’s new owner plans to be an EV power

JMC (Jianling Motor Corp.) Starts New EV Brand In China

Thunder Power Chinese EV manufacturer clinches deal with Belgian investment fund

Leapmotor raises RMB2.5 billion for Series A round to build electric cars

Continental, Didi sign deal on developing EVs for China

Here’s Tesla’s competition in autonomous driving…

Navigant Ranks Tesla Last Among Automakers & Suppliers for Automated Driving

What Smart Tesla fans Get Wrong about Full Self-Driving

Tesla has a self-driving strategy other companies abandoned years ago

Waymo Starts First Driverless Car Service

Jaguar and Waymo announce an electric, fully autonomous car

Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62,000

Nissan-Renault alliance to tie up with Waymo on self-driving cars

Uber, Waymo in talks about self-driving partnership

Lyft and Waymo Reach Deal to Collaborate on Self-Driving Cars

Cadillac Super Cruise Sets the Standard for Hands-Free Highway Driving

GM ride-hailing fleet would ditch steering wheel, pedals in 2019

Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle

SoftBank Vision Fund to Invest $2.25 Billion in GM Cruise

Ford and VW Discuss Autonomous Car Team-Up at a $4 Billion Valuation

Volkswagen Group and Aurora Innovation Announce Strategic Collaboration On Self-Driving Cars

VW taps Baidu’s Apollo platform to develop self-driving cars in China

An Overview of Audi Piloted Driving

Daimler, BMW deepen cooperation with self-driving venture

Mercedes plans advanced self-driving tech for next S class

Bosch and Daimler join forces to market fully automated, driverless taxis by 2020

Daimler’s heavy trucks start self-driving some of the way

Volvo, Nvidia expand autonomous driving collaboration

Continental & NVIDIA Partner to Enable Production of Artificial Intelligence Self-Driving Cars

Intel’s Mobileye has 2 million cars (VW, BMW & Nissan) on roads building HD maps

Toyota’s moonshot: Self-driving car for sale – in 2020

Nissan and Mobileye to generate, share, and utilize vision data for crowdsourced mapping

Magna joins the BMW Group, Intel and Mobileye platform as an Integrator for AVs

Intel collaborates with Waymo on self-driving compute design

Fiat Chrysler to Join BMW, Intel and Mobileye in Developing Autonomous Driving Platform

Baidu, WM Motor announce strategic partnership for L3, L4 autonomous driving solutions

Baidu plans to mass produce Level 4 self-driving cars with BAIC by 2021

Volvo, Baidu to co-develop EVs with Level 4 autonomy for China

BYD partners with Huawei for autonomous driving

Lyft, Aptiv (formerly Delphi) partner on driverless ride-hailing at 2018 CES in Vegas

Lyft, Magna in Deal to Develop Hardware, Software for Self-Driving Cars

Hyundai, Aurora to release autonomous cars by 2021

Deutsche Post to Deploy Test Fleet Of Fully Autonomous Delivery Trucks This Year

Byton cooperating with Aurora on autonomous vehicles

ZF autonomous EV venture to start output this year, names first customer

Magna’s new MAX4 self-driving platform offers autonomy up to Level 4

Groupe PSA’s safe and intuitive autonomous car tested by the general public

Tencent, Changan Auto Announce Autonomous-Vehicle Joint Venture

Self-driving startup Momenta ready to launch fully automated driving solution in Q3 2019

JD.com Delivers on Self-Driving Electric Trucks

NAVYA Unveils First Fully Autonomous Taxi

Fujitsu and HERE to partner on advanced mobility services and autonomous driving

Lucid Chooses Mobileye as Partner for Autonomous Vehicle Technology

First Look Inside Zoox’s Autonomous Taxi

Nuro’s Robot Delivery Vans Are Arriving Before Self-Driving Cars

Here’s Tesla’s competition in car batteries…

LG Chem targets electric car battery sales of $6.3 billion in 2020

LG Chem to build $1.8 bln EV battery plant in China

Samsung SDI Unveils Innovative Battery Products at 2018 Detroit Motor Show

SK Innovation to boost EV battery production capacity more than tenfold by 2022

New Toshiba EV Battery Allows 320km Charge in 6 Minutes

Daimler starts building electric car batteries in Tuscaloosa – one of 8 battery factories

Panasonic Opens New Automotive Lithium-Ion Battery Factory in Dalian, China

Panasonic forms battery partnership with Toyota

CATL’s Chinese battery factory will be bigger than Tesla’s Gigafactory

CATL to set up battery cell manufacturing in Germany

BYD to quadruple car battery output with lithium site plants

GM inaugurates battery assembly plant in Shanghai

Volkswagen plans entry into battery cell production

VW Wants to One-Up Tesla With a Next-Generation Battery

Honda Partners on General Motors’ Next Gen Battery Development

Energy Absolute Plots Asian Project Rivaling Musk’s Gigafactory

France’s Saft plans production of next-gen lithium ion batteries from 2020

Northvolt making ground on Gigafactory in Sweden

ABB teams up with Northvolt on Europe’s biggest battery plant

Chinese Battery Maker to Open Factory Next to Swedish EV Plant

Sokon aims to be global provider of battery, electric motor, electric control systems

BMW Group invests 200 million euros in Battery Cell Competence Centre

BMW Brilliance Automotive opens battery factory in Shenyang

BMW announces partnership with solid-state battery company

Toyota promises auto battery ‘game-changer’

VW increase stake in solid-state batteries with $100M investment

Hyundai Motor developing solid-state EV batteries

Wanxiang is playing to win, even if it takes generations

UK provides millions to help build more electric vehicle batteries

Rimac is going to mass produce batteries and electric motors for OEMs

Elon Musk Has A New Battery Rival (Romeo Power) Packed With His Ex-Employees

Evergrande acquires Cenat battery production

Bracing for EV shift, NGK Spark Plug ignites all solid-state battery quest

ProLogium Technology Will Produce First Next Generation Lithium Ceramic Battery For EVs

Here’s Tesla’s competition in storage batteries…

Panasonic

Samsung

BYD

AES + Siemens (Fluence)

Bosch

Mitsubishi Hitachi

NEC

Toshiba

ABB

Saft

Johnson Contols

EnerSys

SOLARWATT

Schneider Electric

sonnenBatterie (acquired by Shell)

Kokam

Sharp

Eaton

Nissan

Tesvolt

Kreisel

Leclanche

Lockheed Martin

EOS Energy Storage

ESS

UET

electrIQ Power

Belectric

Stem

ENGIE

Exergonix

Redflow

Renault

Fluidic Energy

Primus Power

Simpliphi Power

redT Energy Storage

Murata

Bluestorage

Adara

Blue Planet

Clean Energy Storage Inc.

Tabuchi Electric

Younicos

Orison

Moixa

Powin Energy

Nidec

Powervault

Schmid

24M

Ecoult

Innolith

LithiumWerks

Natron Energy

And here’s Tesla’s competition in charging networks…

Electrify America: Our Plan

EVgo Installing First 350 kW Ultra Fast Public Charging Station In The US

Tritium’s First 350-kW DC Fast Chargers Coming To U.S.

Porsche plans network of 500 fast chargers for U.S.

ChargePoint To Equip Mercedes Dealerships With 150kw Charging Stations For EQC

Recargo Ultrafast West Coast Charging

BMW, Daimler, Ford, VW, Audi & Porsche form IONITY European 350kw Charging Network

E.ON to have 10,000 150KW TO 350KW EV charging points across Europe by 2020

Enel kicks off the E-VIA FLEX-E project for the installation of European ultra-fast charging stations

Europe’s Allego “Ultra E” ultra-fast charging network now operational

Allego & Fortum Launch MEGA-E High Power Charging network for Europe’s Metropolitan areas

ChargePoint Secures $240 Million in Additional Funding; $500 million raised in total

UK’s Podpoint installing 150kW EV rapid chargers this year; 350kW by 2020

UK National Grid plans 350kW EV charge point network

Fastned building 150kw-350kw chargers in Europe

Deutsche Telekom to build electric car charging network in Germany

ABB powers e-mobility with launch of first 150-350 kW high power charger

Shell buys European electric vehicle charging pioneer NewMotion

BP buys UK’s largest car charging firm Chargemaster

Total planning EV charging points at its French stations

VW Is Setting Up Electric Car Charging Stations in China

Yet, despite all that deep-pocketed competition, perhaps you want to buy shares of Tesla because you believe in its management team. Really???

Elon Musk Settles SEC Fraud Charges

Elon Musk, June 2009: “Tesla will cross over into profitability next month”

Tesla SEC Correspondence Shows A Pattern Of Inaccurate, Incomplete & Misleading Disclosures

Tesla: Check Your Full Self-Driving Snake Oil Expiration Date

As Musk Hyped and Happy-Talked Investors, Tesla Kept Quiet About a Year-Long SEC Probe

The Truth Is Catching Up With Tesla

With Misleading Messages And Customer NDAs, Tesla Performs Stealth Recall

Who You Gonna Believe? Elon Musk’s Words Or Your Own Lying Eyes?

How Tesla and Elon Musk Exaggerated Safety Claims About Autopilot and Cars

When Is Enough Enough With Elon Musk?

Musk Talked Merger With SolarCity CEO Before Tesla Stock Sale

Debunking The Tesla Mythology

Tesla Continues To Mislead Consumers

Tesla Misses The Point With Fortune Autopilot Story

Tesla Timeline Shows Musk’s Morality Is Highly Convenient

Tesla Scares Customers With Worthless NDAs, The Daily Kanban Talks To Lawyers

Tesla: Contrary To The Official Story, Elon Musk Is Selling To Keep Cash

Tesla: O, What A Tangled Web We Weave When First We Practice To Deceive

I Put 20 Refundable Deposits On The Tesla Model 3

Tesla’s Financial Shenanigans

Tesla: A Failure To Communicate

Can You Really Trust Tesla?

Elon Musk Appears To Have Misled Investors On Tesla’s Most Recent Conference Call

Understanding Tesla’s Potemkin Swap Station

Tesla’s Amazing Powerwall Reservations

So in summary, Tesla is losing a massive amount of money even before it faces a huge onslaught of competition (and things will only get worse once it does), while its market cap tops that of Ford (NYSE:F) and nearly matches General Motors’ (NYSE:GM) despite selling approximately 300,000 cars a year while Ford and GM make billions of dollars selling 6 million and 8.4 million vehicles, respectively. Thus, this cash-burning Musk vanity project is worth vastly less than its roughly $60 billion enterprise value and-thanks to roughly $34 billion in debt, purchase and lease obligations – may eventually be worth “zero.”

Elsewhere among our short positions…

We continue (since late 2012) to hold a short position in the Japanese yen via the Proshares UltraShort Yen ETF (NYSEARCA:YCS) as Japan continues to print nearly 5% of its monetary base per year after nearly quadrupling that base since early 2013. In fact, of the world’s three largest central banks (the Fed, ECB and BOJ), the BOJ is now the only one still conducting QE, and in February, it reiterated its intent to continue doing so. One result of this insane policy (in 2018, the BOJ bought approximately 67% of JGB issuance and in 2019 anticipates buying 70%!) is there are days when no 10-year JGBs trade in the cash market! The BOJ’s balance sheet is now larger than the entire Japanese economy – it owns approximately 43% of all government debt…

…and over 75% (!) of the country’s ETFs by market value.

Just the interest on Japan’s debt consumes 8.9% of its 2019 budget despite the fact that it pays a blended rate of less than 1%. What happens when Japan gets the 2% inflation it’s looking for and those rates average, say, 3%? Interest on the debt alone would consume nearly 27% of the budget and Japan would have to default! But on the way to that 3% rate the BOJ will try to cap those rates by printing increasingly larger amounts of money to buy more of that debt, thereby sending the yen into its death spiral.

When we first entered this position, USD/JPY was around 79; it’s currently in the 110s, and long term, I think it’s headed a lot higher – ultimately back to the 250s of the 1980s or perhaps even the 300s of the ’70s before a default and reset occur.

We continue to hold a short position in the Vanguard Total International Bond ETF (NASDAQ:BNDX), comprised of dollar-hedged non-US investment grade debt (over 80% government) with a ridiculously low “SEC yield” of 0.81% at an average effective maturity of 9.4 years. As I’ve written since putting on this position in July 2016, I believe this ETF is a great way to short what may be the biggest asset bubble in history, as with Eurozone inflation now printing 1.5% annually, these are long-term bonds with significantly negative real yields. In mid-December, the ECB halted quantitative easing, thereby removing the biggest source of support for those bonds’ bubble prices. Currently, the net borrow cost for BNDX provides us with a positive rebate of over 1.7% a year (more than covering the yield we pay out), and as I see around 5% potential downside to this position (vs. our basis, plus the cost of carry) vs. at least 20% (unlevered) upside, I think it’s a terrific place to sit and wait for the inevitable denouement of this insanity:

And now for the fund’s long positions…

We continue to own Westell Technologies Inc. (NASDAQ:WSTL), a 43% gross margin telecom equipment maker (of primarily small-cell repeaters) in turnaround mode. In February, Westell reported a mediocre FY 2019 third quarter, with revenue down 22% year-over-year but up 6% sequentially, and although it burned around $970,000 in free cash flow, it ended the quarter with $27.1 million in cash ($1.75/share) and no debt, and on the follow-up conference call, management explicitly indicated that it expects to return to break-even or better within a year. Westell sells at an enterprise value of only around 0.10x (i.e. 10% of) revenue, but in addition to the (hopefully soon-to-reverse) cash burn, the “hair” on this company is the long-term decline in revenue (which now appears to have stabilized and should soon reverse), a cash pile that could potentially be squandered on dumb acquisitions (a risk with all cash-rich companies) and – perhaps most annoyingly – a dual share class, with voting control held by descendants of the founder. However, on the conference call, management claimed the controlling family is open to merging the two share classes, and Westell is so cheap on an EV-to-revenue basis that if management can’t start generating meaningful profits, it seems primed for a strategic buyer to acquire it. An acquisition price of 1x run-rate revenue (on an EV basis) would be around $4.50/share.

We continue to own Aviat Networks, Inc. (NASDAQ:AVNW), a designer and manufacturer of point-to-point microwave systems for telecom companies, which in February reported a decent Q2 for FY 2019, with revenue up 2% year-over-year (adjusted for a GAAP-mandated change in revenue recognition to ASC 606; unadjusted revenue was up 5.5%). For FY 2019, the company guided to $250-$255 million of revenue and non-GAAP EBITDA of $12.5-$13 million, and because of its approximately $330 million of U.S. NOLs, $10 million of U.S. tax credit carryforwards, $214 million in foreign NOLs and $2 million of foreign tax credit carryforwards, Aviat’s income will be tax-free for many years; thus, GAAP EBITDA less capex essentially equals “earnings.” So if the non-GAAP number will be $12.5 million and we take out $1.7 million in stock comp and $6 million in capex, we get $4.8 million in earnings multiplied by, say, 16 = approximately $77 million; if we then add in at least $30 million of expected year-end net cash and divide by 5.4 million shares, we get an earning-based valuation of around $20/share. However, the real play here is as a buyout candidate; Aviat’s closest pure-play competitor, Ceragon (NASDAQ:CRNT) sells at an EV of approximately 0.7x revenue, which for AVNW (based on the mid-point of 2019 guidance) would be around $207 million. If we value Aviat’s massive NOLs at a modest $10 million (due to change-in-control diminution in their value), the company would be worth $217 million divided by 5.4 million shares = $40/share.

We continue to own the Invesco DB Agriculture ETF (NYSEARCA:DBA), which I first bought in late 2017 because agricultural products were the most beaten-down sector I could find that wasn’t a “buggy whip” (something on the way to obsolescence) or cyclical from a demand standpoint. The “DBIQ Diversified Agriculture Index” on which DBA is based is at its lowest level since 2002, and I continue to anticipate a major bounce following a favorable outcome from U.S.-China trade talks. Trump is very conscious of the fact that farm states constitute a significant part of his political base and the China deal implications for U.S. ag products would be huge. Meanwhile, extensive midwestern U.S. flooding (a real tragedy for those affected) put a bit of a tailwind behind this ETF in mid-March (although it subsequently surrendered some of those gains).

Thanks and regards,

Mark Spiegel

Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.

0 notes

lazilysillyprince · 6 years ago

Text

Stanphyl Capital Letter - March 2019

New Post has been published on http://psychotherapy-online.com/stanphyl-capital-letter-march-2019/

Stanphyl Capital Letter - March 2019

March 29, 2019

Friends and Fellow Investors:

…along with a median EV-to-EBIT that’s (almost literally!) off the charts:

Elsewhere in the fund’s short positions…

Tesla is now a “busted growth story”; demand for its existing models has peaked and it will have to raise billions of dollars to produce new ones.

Tesla is again losing a lot of money with a terrible balance sheet while suddenly confronting massive competition in every aspect of its business

Elon Musk is extremely untrustworthy.

…and here’s what Musk gets for his shareholders’ money from his new figurehead of an “independent” Chairwoman:

But what about all those Tesla owners who tell you how much they love their cars despite the service and reliability problems?

And let’s not count out BMW (OTCPK:BMWYY); here’s a fascinating interview with its head EV powertrain engineer and a preview of its upcoming 2021 i4 and iX3.

So here is Tesla’s competition in cars (note: these links are continually updated)…

THE NEW ALL-ELECTRIC JAGUAR I-PACE

2019 Jaguar XJ to be reborn as high-tech electric flagship

VW Group to launch 70 pure electric cars over the next decade

Audi e-tron electric SUV is available now

Audi e-tron Sportback comes late 2019

AUDI E-TRON GT FIRST DRIVE: LOOK OUT, TESLA (available 2020)

Audi’s Q4 e-tron previews entry-level EV for 2021

Porsche Electric Taycan Launches Late 2019

Porsche Taycan Cross Turismo to launch in 2020 after Taycan Sedan

The next generation of the Porsche Macan will be electric

New VW ID. hatch: order books for VW electric car open on May 2019

Mercedes EQC Electric SUV Available Mid-to-Late 2019

Mercedes to launch more than 10 all-electric models by 2022

258-Mile Hyundai Kona electric is available now for under $40,000

239-Mile Kia Niro EV is Available Now For Under $40,000

Kia Soul (available mid-2019) EV’s Range Jumps to 243 Miles

Kia Europe to have six pure electric models by 2022

Chevrolet Bolt Offers 238 Miles On A Single Charge GM is transforming Cadillac into an electric brand

Nissan LEAF e+ with 226-mile range is available now

Nissan Leaf-based SUV coming in 2020

The 2020 Volvo Polestar 2 Is Priced to Beat Tesla’s Best-Selling Model 3

BMW iX3 electric crossover goes on sale in 2020

New BMW i4: Tesla-rivalling coupe seen winter testing

BMW to have 25 electrified models by 2025

Ford CEO says 16 electric models are in design & development

Peugeot 208 to electrify Europe’s small-car market

Toyota, Mazda, Denso create company to roll out electric cars beginning 2019

Toyota to market over 10 battery EV models in early 2020s

New Renault Zoe to feature 400km range

Renault aims to remain EV leader in Europe

Infiniti will go mostly electric by 2021

DS 3 Crossback will give PSA’s upscale brand an electric boost

ALL-ELECTRIC MINI COOPER COMING IN 2019

Smart Will Electrify Its Entire Line-up By 2020

SEAT will launch 6 electric and hybrid models and develop a new platform for electric vehicles

Opel/Vauxhall will launch electric SUV and van in 2020

2019 Skoda e-Citigo confirmed as brand’s first all-electric model

Skoda planning range of hot all-electric eRS models

New Citroen C4 Cactus to be first electrified Citroen in 2020

MG E-Motion confirms new EV sports car on the way by 2020

Fiat Chrysler bets on electrification for Alfa, Jeep and Maserati

Maserati offering three fully electric cars between 2020 and 2022

Rolls-Royce is preparing electric Phantom for 2022

Honda will offer full-EV or hybrid tech on every European model by 2025

Bentley mulls electric car to help reduce carbon footprint

Subaru to introduce all-electric vehicles by 2021

Korando will lead SsangYong’s push into electrification

Dyson Moves Ahead on $2.6 Billion Electric Car Plan

Lucid Motors closes $1 billion deal with Saudi Arabia to fund electric car production

Rivian (electric pick-up truck maker) Announces $700M Investment Round Led By Amazon

Borgward BXi7 Electric SUV Flies Under The Radar

Detroit Electric promises 3 cars in 3 years

SF Motors reveals two electric SUVs for 2019 with 300 miles of range

Two new electric cars from Mahindra in India by 2019; Global Tesla rival e-car soon

Saab asset owner NEVS plans electric car production

EV startup Canoo will only sell cars on a subscription basis

And in China…

VW, China spearhead $300 billion global drive to electrify cars

Audi Q2L e-tron debuts at Auto Shanghai

Audi China to roll out 12 locally-produced models in total by 2022

BYD launches EV535, all-electric SUV

BYD Song MAX BEV version with 500km range to hit market in 2019

2019 BYD Yuan EV360 goes on sale with prices starting RMB89,900 after subsidy

Daimler & BYD launch new DENZA electric vehicle for the Chinese market

BAIC and Daimler to Build $1.9 Billion China Plant

BAIC brings EX5 Electric SUV to market

BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV

Daimler to Start EQC Electric SUV Production in China in 2019

GM China raises new-energy vehicle target to 20 models through 2023

Nissan & Dongfeng to invest $9.5 billion in China to boost electric vehicles

Toyota to Introduce 10 New Electrified Vehicles in China by 2020

Infiniti bringing EVs to China’s luxury car market

NIOS ES8 Electric Crossover debuts with half the Tesla Model X’s price tag

536 HP Nio ES6 Midsize Electric SUV Launches With 317-Mile Range at 1/2 the price of Tesla X

NIO’s third model said to be a sedan dubbed EP7

BMW will develop and produce electric Mini in China

Ford ramps up electric vehicle push in China

Jaguar Land Rover’s Chinese arm invests £800m in EV production

SAIC building factory in China for EVs from Roewe and MG

Renault and Brilliance Automotive to build 3 new electric light commercial vehicles for China

Honda launches new all-electric Everus VE-1 for ~$25,000 in China

Honda to roll out over 20 electric models in China by 2025

Geely all-new BEV sedan Jihe A starts at RMB150,000

Geely unveils GE11 compact BEV

New Geely Emgrand GSe crossover has EV range up to 400km

Changan building large scale NEV factory

Mazda and Changan Auto join hands on electric vehicles

XPENG Motors kicks-off sales of Tesla-infused EV for €30,000

XPENG Motors to unveil second model at Auto Shanghai 2019

WM Motors/Weltmeister EX5 Electric SUV Launched On The Chinese Car Market

Chery Breaks Ground on $240M EV Factory in China

Chery’s second EV plant open in Dezhou

BYTON to launch mass-produced M-Byte into market at the end of 2019

DearCC Launches ENOVATE Electric SUV

GAC NE to roll out 12 new models for Aion series, including solar-powered models

Guangzhou Auto To Launch Four New Electric Cars By 2020

Great Wall Launches New EV Brand (NYSE:ORA) In China

Singulato iS6 Electric SUV Debuts With 249-Mile Range

Singulato, BAIC partner to promote smart new energy vehicles

Hongqi launches E-HS3 BEV SUV with AWD option, 390km range and 0-100kh/h in 5.9 seconds

FAW (Hongqi) to roll out 15 electric models by 2025

JAC’s Electric Car Has A Range Of 500 Kilometers

ICONIQ to build electric cars in Zhaoqing with total investment of RMB 16 billion

Quianu Motor aims to grab share of US electric vehicle market

Hozon Kicks Off Mass Production With All-Electric Neta N01

Aiways U5 long-range electric SUV

All-electric NEVS 9-3 sedans (nee Saab) being built in China

Youxia Motors raises $1.25 billion to start 2019 EV production

CHJ Automotive buys Lifan for shortcut to EV production

Wanxiang Gets China Electric Vehicle Permit to Make Karma Cars

Qoros Auto’s new owner plans to be an EV power

JMC (Jianling Motor Corp.) Starts New EV Brand In China

Thunder Power Chinese EV manufacturer clinches deal with Belgian investment fund

Leapmotor raises RMB2.5 billion for Series A round to build electric cars

Continental, Didi sign deal on developing EVs for China

Here’s Tesla’s competition in autonomous driving…

Navigant Ranks Tesla Last Among Automakers & Suppliers for Automated Driving

What Smart Tesla fans Get Wrong about Full Self-Driving

Tesla has a self-driving strategy other companies abandoned years ago

Waymo Starts First Driverless Car Service

Jaguar and Waymo announce an electric, fully autonomous car

Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62,000

Nissan-Renault alliance to tie up with Waymo on self-driving cars

Uber, Waymo in talks about self-driving partnership

Lyft and Waymo Reach Deal to Collaborate on Self-Driving Cars

Cadillac Super Cruise Sets the Standard for Hands-Free Highway Driving

GM ride-hailing fleet would ditch steering wheel, pedals in 2019

Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle

SoftBank Vision Fund to Invest $2.25 Billion in GM Cruise

Ford and VW Discuss Autonomous Car Team-Up at a $4 Billion Valuation

Volkswagen Group and Aurora Innovation Announce Strategic Collaboration On Self-Driving Cars

VW taps Baidu’s Apollo platform to develop self-driving cars in China

An Overview of Audi Piloted Driving

Daimler, BMW deepen cooperation with self-driving venture

Mercedes plans advanced self-driving tech for next S class

Bosch and Daimler join forces to market fully automated, driverless taxis by 2020

Daimler’s heavy trucks start self-driving some of the way

Volvo, Nvidia expand autonomous driving collaboration

Continental & NVIDIA Partner to Enable Production of Artificial Intelligence Self-Driving Cars

Intel’s Mobileye has 2 million cars (VW, BMW & Nissan) on roads building HD maps

Toyota’s moonshot: Self-driving car for sale – in 2020

Nissan and Mobileye to generate, share, and utilize vision data for crowdsourced mapping

Magna joins the BMW Group, Intel and Mobileye platform as an Integrator for AVs

Intel collaborates with Waymo on self-driving compute design

Fiat Chrysler to Join BMW, Intel and Mobileye in Developing Autonomous Driving Platform

Baidu, WM Motor announce strategic partnership for L3, L4 autonomous driving solutions

Baidu plans to mass produce Level 4 self-driving cars with BAIC by 2021

Volvo, Baidu to co-develop EVs with Level 4 autonomy for China

BYD partners with Huawei for autonomous driving

Lyft, Aptiv (formerly Delphi) partner on driverless ride-hailing at 2018 CES in Vegas

Lyft, Magna in Deal to Develop Hardware, Software for Self-Driving Cars

Hyundai, Aurora to release autonomous cars by 2021

Deutsche Post to Deploy Test Fleet Of Fully Autonomous Delivery Trucks This Year

Byton cooperating with Aurora on autonomous vehicles

ZF autonomous EV venture to start output this year, names first customer

Magna’s new MAX4 self-driving platform offers autonomy up to Level 4

Groupe PSA’s safe and intuitive autonomous car tested by the general public

Tencent, Changan Auto Announce Autonomous-Vehicle Joint Venture

Self-driving startup Momenta ready to launch fully automated driving solution in Q3 2019

JD.com Delivers on Self-Driving Electric Trucks

NAVYA Unveils First Fully Autonomous Taxi

Fujitsu and HERE to partner on advanced mobility services and autonomous driving

Lucid Chooses Mobileye as Partner for Autonomous Vehicle Technology

First Look Inside Zoox’s Autonomous Taxi

Nuro’s Robot Delivery Vans Are Arriving Before Self-Driving Cars

Here’s Tesla’s competition in car batteries…

LG Chem targets electric car battery sales of $6.3 billion in 2020

LG Chem to build $1.8 bln EV battery plant in China

Samsung SDI Unveils Innovative Battery Products at 2018 Detroit Motor Show

SK Innovation to boost EV battery production capacity more than tenfold by 2022

New Toshiba EV Battery Allows 320km Charge in 6 Minutes

Daimler starts building electric car batteries in Tuscaloosa – one of 8 battery factories

Panasonic Opens New Automotive Lithium-Ion Battery Factory in Dalian, China

Panasonic forms battery partnership with Toyota

CATL’s Chinese battery factory will be bigger than Tesla’s Gigafactory

CATL to set up battery cell manufacturing in Germany

BYD to quadruple car battery output with lithium site plants

GM inaugurates battery assembly plant in Shanghai

Volkswagen plans entry into battery cell production

VW Wants to One-Up Tesla With a Next-Generation Battery

Honda Partners on General Motors’ Next Gen Battery Development

Energy Absolute Plots Asian Project Rivaling Musk’s Gigafactory

France’s Saft plans production of next-gen lithium ion batteries from 2020

Northvolt making ground on Gigafactory in Sweden

ABB teams up with Northvolt on Europe’s biggest battery plant

Chinese Battery Maker to Open Factory Next to Swedish EV Plant

Sokon aims to be global provider of battery, electric motor, electric control systems

BMW Group invests 200 million euros in Battery Cell Competence Centre

BMW Brilliance Automotive opens battery factory in Shenyang

BMW announces partnership with solid-state battery company

Toyota promises auto battery ‘game-changer’

VW increase stake in solid-state batteries with $100M investment

Hyundai Motor developing solid-state EV batteries

Wanxiang is playing to win, even if it takes generations

UK provides millions to help build more electric vehicle batteries

Rimac is going to mass produce batteries and electric motors for OEMs

Elon Musk Has A New Battery Rival (Romeo Power) Packed With His Ex-Employees

Evergrande acquires Cenat battery production

Bracing for EV shift, NGK Spark Plug ignites all solid-state battery quest

ProLogium Technology Will Produce First Next Generation Lithium Ceramic Battery For EVs

Here’s Tesla’s competition in storage batteries…

Panasonic

Samsung

BYD

AES + Siemens (Fluence)

Bosch

Mitsubishi Hitachi

NEC

Toshiba

ABB

Saft

Johnson Contols

EnerSys

SOLARWATT

Schneider Electric

sonnenBatterie (acquired by Shell)

Kokam

Sharp

Eaton

Nissan

Tesvolt

Kreisel

Leclanche

Lockheed Martin

EOS Energy Storage

ESS

UET

electrIQ Power

Belectric

Stem

ENGIE

Exergonix

Redflow

Renault

Fluidic Energy

Primus Power

Simpliphi Power

redT Energy Storage

Murata

Bluestorage

Adara

Blue Planet

Clean Energy Storage Inc.

Tabuchi Electric

Younicos

Orison

Moixa

Powin Energy

Nidec

Powervault

Schmid

24M

Ecoult

Innolith

LithiumWerks

Natron Energy

And here’s Tesla’s competition in charging networks…

Electrify America: Our Plan

EVgo Installing First 350 kW Ultra Fast Public Charging Station In The US

Tritium’s First 350-kW DC Fast Chargers Coming To U.S.

Porsche plans network of 500 fast chargers for U.S.

ChargePoint To Equip Mercedes Dealerships With 150kw Charging Stations For EQC

Recargo Ultrafast West Coast Charging

BMW, Daimler, Ford, VW, Audi & Porsche form IONITY European 350kw Charging Network

E.ON to have 10,000 150KW TO 350KW EV charging points across Europe by 2020

Enel kicks off the E-VIA FLEX-E project for the installation of European ultra-fast charging stations

Europe’s Allego “Ultra E” ultra-fast charging network now operational

Allego & Fortum Launch MEGA-E High Power Charging network for Europe’s Metropolitan areas

ChargePoint Secures $240 Million in Additional Funding; $500 million raised in total

UK’s Podpoint installing 150kW EV rapid chargers this year; 350kW by 2020

UK National Grid plans 350kW EV charge point network

Fastned building 150kw-350kw chargers in Europe

Deutsche Telekom to build electric car charging network in Germany

ABB powers e-mobility with launch of first 150-350 kW high power charger

Shell buys European electric vehicle charging pioneer NewMotion

BP buys UK’s largest car charging firm Chargemaster

Total planning EV charging points at its French stations

VW Is Setting Up Electric Car Charging Stations in China

Yet, despite all that deep-pocketed competition, perhaps you want to buy shares of Tesla because you believe in its management team. Really???

Elon Musk Settles SEC Fraud Charges

Elon Musk, June 2009: “Tesla will cross over into profitability next month”

Tesla SEC Correspondence Shows A Pattern Of Inaccurate, Incomplete & Misleading Disclosures

Tesla: Check Your Full Self-Driving Snake Oil Expiration Date

As Musk Hyped and Happy-Talked Investors, Tesla Kept Quiet About a Year-Long SEC Probe

The Truth Is Catching Up With Tesla

With Misleading Messages And Customer NDAs, Tesla Performs Stealth Recall

Who You Gonna Believe? Elon Musk’s Words Or Your Own Lying Eyes?

How Tesla and Elon Musk Exaggerated Safety Claims About Autopilot and Cars

When Is Enough Enough With Elon Musk?

Musk Talked Merger With SolarCity CEO Before Tesla Stock Sale

Debunking The Tesla Mythology

Tesla Continues To Mislead Consumers

Tesla Misses The Point With Fortune Autopilot Story

Tesla Timeline Shows Musk’s Morality Is Highly Convenient

Tesla Scares Customers With Worthless NDAs, The Daily Kanban Talks To Lawyers

Tesla: Contrary To The Official Story, Elon Musk Is Selling To Keep Cash

Tesla: O, What A Tangled Web We Weave When First We Practice To Deceive

I Put 20 Refundable Deposits On The Tesla Model 3

Tesla’s Financial Shenanigans

Tesla: A Failure To Communicate

Can You Really Trust Tesla?

Elon Musk Appears To Have Misled Investors On Tesla’s Most Recent Conference Call

Understanding Tesla’s Potemkin Swap Station

Tesla’s Amazing Powerwall Reservations

Elsewhere among our short positions…

…and over 75% (!) of the country’s ETFs by market value.

And now for the fund’s long positions…

Thanks and regards,

Mark Spiegel

Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.

0 notes

smartwebhostingblog · 6 years ago

Text

Stanphyl Capital Letter - March 2019

New Post has been published on http://psychotherapy-online.com/stanphyl-capital-letter-march-2019/

Stanphyl Capital Letter - March 2019

March 29, 2019

Friends and Fellow Investors:

…along with a median EV-to-EBIT that’s (almost literally!) off the charts:

Elsewhere in the fund’s short positions…

Tesla is now a “busted growth story”; demand for its existing models has peaked and it will have to raise billions of dollars to produce new ones.

Tesla is again losing a lot of money with a terrible balance sheet while suddenly confronting massive competition in every aspect of its business

Elon Musk is extremely untrustworthy.

…and here’s what Musk gets for his shareholders’ money from his new figurehead of an “independent” Chairwoman:

But what about all those Tesla owners who tell you how much they love their cars despite the service and reliability problems?

And let’s not count out BMW (OTCPK:BMWYY); here’s a fascinating interview with its head EV powertrain engineer and a preview of its upcoming 2021 i4 and iX3.

So here is Tesla’s competition in cars (note: these links are continually updated)…

THE NEW ALL-ELECTRIC JAGUAR I-PACE

2019 Jaguar XJ to be reborn as high-tech electric flagship

VW Group to launch 70 pure electric cars over the next decade

Audi e-tron electric SUV is available now

Audi e-tron Sportback comes late 2019

AUDI E-TRON GT FIRST DRIVE: LOOK OUT, TESLA (available 2020)

Audi’s Q4 e-tron previews entry-level EV for 2021

Porsche Electric Taycan Launches Late 2019

Porsche Taycan Cross Turismo to launch in 2020 after Taycan Sedan

The next generation of the Porsche Macan will be electric

New VW ID. hatch: order books for VW electric car open on May 2019

Mercedes EQC Electric SUV Available Mid-to-Late 2019

Mercedes to launch more than 10 all-electric models by 2022

258-Mile Hyundai Kona electric is available now for under $40,000

239-Mile Kia Niro EV is Available Now For Under $40,000

Kia Soul (available mid-2019) EV’s Range Jumps to 243 Miles

Kia Europe to have six pure electric models by 2022

Chevrolet Bolt Offers 238 Miles On A Single Charge GM is transforming Cadillac into an electric brand

Nissan LEAF e+ with 226-mile range is available now

Nissan Leaf-based SUV coming in 2020

The 2020 Volvo Polestar 2 Is Priced to Beat Tesla’s Best-Selling Model 3

BMW iX3 electric crossover goes on sale in 2020

New BMW i4: Tesla-rivalling coupe seen winter testing

BMW to have 25 electrified models by 2025

Ford CEO says 16 electric models are in design & development

Peugeot 208 to electrify Europe’s small-car market

Toyota, Mazda, Denso create company to roll out electric cars beginning 2019

Toyota to market over 10 battery EV models in early 2020s

New Renault Zoe to feature 400km range

Renault aims to remain EV leader in Europe

Infiniti will go mostly electric by 2021

DS 3 Crossback will give PSA’s upscale brand an electric boost

ALL-ELECTRIC MINI COOPER COMING IN 2019

Smart Will Electrify Its Entire Line-up By 2020

SEAT will launch 6 electric and hybrid models and develop a new platform for electric vehicles

Opel/Vauxhall will launch electric SUV and van in 2020

2019 Skoda e-Citigo confirmed as brand’s first all-electric model

Skoda planning range of hot all-electric eRS models

New Citroen C4 Cactus to be first electrified Citroen in 2020

MG E-Motion confirms new EV sports car on the way by 2020

Fiat Chrysler bets on electrification for Alfa, Jeep and Maserati

Maserati offering three fully electric cars between 2020 and 2022

Rolls-Royce is preparing electric Phantom for 2022

Honda will offer full-EV or hybrid tech on every European model by 2025

Bentley mulls electric car to help reduce carbon footprint

Subaru to introduce all-electric vehicles by 2021

Korando will lead SsangYong’s push into electrification

Dyson Moves Ahead on $2.6 Billion Electric Car Plan

Lucid Motors closes $1 billion deal with Saudi Arabia to fund electric car production

Rivian (electric pick-up truck maker) Announces $700M Investment Round Led By Amazon

Borgward BXi7 Electric SUV Flies Under The Radar

Detroit Electric promises 3 cars in 3 years

SF Motors reveals two electric SUVs for 2019 with 300 miles of range

Two new electric cars from Mahindra in India by 2019; Global Tesla rival e-car soon

Saab asset owner NEVS plans electric car production

EV startup Canoo will only sell cars on a subscription basis

And in China…

VW, China spearhead $300 billion global drive to electrify cars

Audi Q2L e-tron debuts at Auto Shanghai

Audi China to roll out 12 locally-produced models in total by 2022

BYD launches EV535, all-electric SUV

BYD Song MAX BEV version with 500km range to hit market in 2019

2019 BYD Yuan EV360 goes on sale with prices starting RMB89,900 after subsidy

Daimler & BYD launch new DENZA electric vehicle for the Chinese market

BAIC and Daimler to Build $1.9 Billion China Plant

BAIC brings EX5 Electric SUV to market

BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV

Daimler to Start EQC Electric SUV Production in China in 2019

GM China raises new-energy vehicle target to 20 models through 2023

Nissan & Dongfeng to invest $9.5 billion in China to boost electric vehicles

Toyota to Introduce 10 New Electrified Vehicles in China by 2020

Infiniti bringing EVs to China’s luxury car market

NIOS ES8 Electric Crossover debuts with half the Tesla Model X’s price tag

536 HP Nio ES6 Midsize Electric SUV Launches With 317-Mile Range at 1/2 the price of Tesla X

NIO’s third model said to be a sedan dubbed EP7

BMW will develop and produce electric Mini in China

Ford ramps up electric vehicle push in China

Jaguar Land Rover’s Chinese arm invests £800m in EV production

SAIC building factory in China for EVs from Roewe and MG

Renault and Brilliance Automotive to build 3 new electric light commercial vehicles for China

Honda launches new all-electric Everus VE-1 for ~$25,000 in China

Honda to roll out over 20 electric models in China by 2025

Geely all-new BEV sedan Jihe A starts at RMB150,000

Geely unveils GE11 compact BEV

New Geely Emgrand GSe crossover has EV range up to 400km

Changan building large scale NEV factory

Mazda and Changan Auto join hands on electric vehicles

XPENG Motors kicks-off sales of Tesla-infused EV for €30,000

XPENG Motors to unveil second model at Auto Shanghai 2019

WM Motors/Weltmeister EX5 Electric SUV Launched On The Chinese Car Market

Chery Breaks Ground on $240M EV Factory in China

Chery’s second EV plant open in Dezhou

BYTON to launch mass-produced M-Byte into market at the end of 2019

DearCC Launches ENOVATE Electric SUV

GAC NE to roll out 12 new models for Aion series, including solar-powered models

Guangzhou Auto To Launch Four New Electric Cars By 2020

Great Wall Launches New EV Brand (NYSE:ORA) In China

Singulato iS6 Electric SUV Debuts With 249-Mile Range

Singulato, BAIC partner to promote smart new energy vehicles

Hongqi launches E-HS3 BEV SUV with AWD option, 390km range and 0-100kh/h in 5.9 seconds

FAW (Hongqi) to roll out 15 electric models by 2025

JAC’s Electric Car Has A Range Of 500 Kilometers

ICONIQ to build electric cars in Zhaoqing with total investment of RMB 16 billion

Quianu Motor aims to grab share of US electric vehicle market

Hozon Kicks Off Mass Production With All-Electric Neta N01

Aiways U5 long-range electric SUV

All-electric NEVS 9-3 sedans (nee Saab) being built in China

Youxia Motors raises $1.25 billion to start 2019 EV production

CHJ Automotive buys Lifan for shortcut to EV production

Wanxiang Gets China Electric Vehicle Permit to Make Karma Cars

Qoros Auto’s new owner plans to be an EV power

JMC (Jianling Motor Corp.) Starts New EV Brand In China

Thunder Power Chinese EV manufacturer clinches deal with Belgian investment fund

Leapmotor raises RMB2.5 billion for Series A round to build electric cars

Continental, Didi sign deal on developing EVs for China

Here’s Tesla’s competition in autonomous driving…

Navigant Ranks Tesla Last Among Automakers & Suppliers for Automated Driving

What Smart Tesla fans Get Wrong about Full Self-Driving

Tesla has a self-driving strategy other companies abandoned years ago

Waymo Starts First Driverless Car Service

Jaguar and Waymo announce an electric, fully autonomous car

Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62,000

Nissan-Renault alliance to tie up with Waymo on self-driving cars

Uber, Waymo in talks about self-driving partnership

Lyft and Waymo Reach Deal to Collaborate on Self-Driving Cars

Cadillac Super Cruise Sets the Standard for Hands-Free Highway Driving

GM ride-hailing fleet would ditch steering wheel, pedals in 2019

Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle

SoftBank Vision Fund to Invest $2.25 Billion in GM Cruise

Ford and VW Discuss Autonomous Car Team-Up at a $4 Billion Valuation

Volkswagen Group and Aurora Innovation Announce Strategic Collaboration On Self-Driving Cars

VW taps Baidu’s Apollo platform to develop self-driving cars in China

An Overview of Audi Piloted Driving

Daimler, BMW deepen cooperation with self-driving venture

Mercedes plans advanced self-driving tech for next S class

Bosch and Daimler join forces to market fully automated, driverless taxis by 2020

Daimler’s heavy trucks start self-driving some of the way

Volvo, Nvidia expand autonomous driving collaboration

Continental & NVIDIA Partner to Enable Production of Artificial Intelligence Self-Driving Cars

Intel’s Mobileye has 2 million cars (VW, BMW & Nissan) on roads building HD maps

Toyota’s moonshot: Self-driving car for sale – in 2020

Nissan and Mobileye to generate, share, and utilize vision data for crowdsourced mapping

Magna joins the BMW Group, Intel and Mobileye platform as an Integrator for AVs

Intel collaborates with Waymo on self-driving compute design

Fiat Chrysler to Join BMW, Intel and Mobileye in Developing Autonomous Driving Platform

Baidu, WM Motor announce strategic partnership for L3, L4 autonomous driving solutions

Baidu plans to mass produce Level 4 self-driving cars with BAIC by 2021

Volvo, Baidu to co-develop EVs with Level 4 autonomy for China

BYD partners with Huawei for autonomous driving

Lyft, Aptiv (formerly Delphi) partner on driverless ride-hailing at 2018 CES in Vegas

Lyft, Magna in Deal to Develop Hardware, Software for Self-Driving Cars

Hyundai, Aurora to release autonomous cars by 2021

Deutsche Post to Deploy Test Fleet Of Fully Autonomous Delivery Trucks This Year

Byton cooperating with Aurora on autonomous vehicles

ZF autonomous EV venture to start output this year, names first customer

Magna’s new MAX4 self-driving platform offers autonomy up to Level 4

Groupe PSA’s safe and intuitive autonomous car tested by the general public

Tencent, Changan Auto Announce Autonomous-Vehicle Joint Venture

Self-driving startup Momenta ready to launch fully automated driving solution in Q3 2019

JD.com Delivers on Self-Driving Electric Trucks

NAVYA Unveils First Fully Autonomous Taxi

Fujitsu and HERE to partner on advanced mobility services and autonomous driving

Lucid Chooses Mobileye as Partner for Autonomous Vehicle Technology

First Look Inside Zoox’s Autonomous Taxi

Nuro’s Robot Delivery Vans Are Arriving Before Self-Driving Cars

Here’s Tesla’s competition in car batteries…

LG Chem targets electric car battery sales of $6.3 billion in 2020

LG Chem to build $1.8 bln EV battery plant in China

Samsung SDI Unveils Innovative Battery Products at 2018 Detroit Motor Show

SK Innovation to boost EV battery production capacity more than tenfold by 2022

New Toshiba EV Battery Allows 320km Charge in 6 Minutes

Daimler starts building electric car batteries in Tuscaloosa – one of 8 battery factories

Panasonic Opens New Automotive Lithium-Ion Battery Factory in Dalian, China

Panasonic forms battery partnership with Toyota

CATL’s Chinese battery factory will be bigger than Tesla’s Gigafactory

CATL to set up battery cell manufacturing in Germany

BYD to quadruple car battery output with lithium site plants

GM inaugurates battery assembly plant in Shanghai

Volkswagen plans entry into battery cell production

VW Wants to One-Up Tesla With a Next-Generation Battery

Honda Partners on General Motors’ Next Gen Battery Development

Energy Absolute Plots Asian Project Rivaling Musk’s Gigafactory

France’s Saft plans production of next-gen lithium ion batteries from 2020

Northvolt making ground on Gigafactory in Sweden

ABB teams up with Northvolt on Europe’s biggest battery plant

Chinese Battery Maker to Open Factory Next to Swedish EV Plant

Sokon aims to be global provider of battery, electric motor, electric control systems

BMW Group invests 200 million euros in Battery Cell Competence Centre

BMW Brilliance Automotive opens battery factory in Shenyang

BMW announces partnership with solid-state battery company

Toyota promises auto battery ‘game-changer’

VW increase stake in solid-state batteries with $100M investment

Hyundai Motor developing solid-state EV batteries

Wanxiang is playing to win, even if it takes generations

UK provides millions to help build more electric vehicle batteries

Rimac is going to mass produce batteries and electric motors for OEMs

Elon Musk Has A New Battery Rival (Romeo Power) Packed With His Ex-Employees

Evergrande acquires Cenat battery production

Bracing for EV shift, NGK Spark Plug ignites all solid-state battery quest

ProLogium Technology Will Produce First Next Generation Lithium Ceramic Battery For EVs

Here’s Tesla’s competition in storage batteries…

Panasonic

Samsung

BYD

AES + Siemens (Fluence)

Bosch

Mitsubishi Hitachi

NEC

Toshiba

ABB

Saft

Johnson Contols

EnerSys

SOLARWATT

Schneider Electric

sonnenBatterie (acquired by Shell)

Kokam

Sharp

Eaton

Nissan

Tesvolt

Kreisel

Leclanche

Lockheed Martin

EOS Energy Storage

ESS

UET

electrIQ Power

Belectric

Stem

ENGIE

Exergonix

Redflow

Renault

Fluidic Energy

Primus Power

Simpliphi Power

redT Energy Storage

Murata

Bluestorage

Adara

Blue Planet

Clean Energy Storage Inc.

Tabuchi Electric

Younicos

Orison

Moixa

Powin Energy

Nidec

Powervault

Schmid

24M

Ecoult

Innolith

LithiumWerks

Natron Energy

And here’s Tesla’s competition in charging networks…

Electrify America: Our Plan

EVgo Installing First 350 kW Ultra Fast Public Charging Station In The US

Tritium’s First 350-kW DC Fast Chargers Coming To U.S.

Porsche plans network of 500 fast chargers for U.S.

ChargePoint To Equip Mercedes Dealerships With 150kw Charging Stations For EQC

Recargo Ultrafast West Coast Charging

BMW, Daimler, Ford, VW, Audi & Porsche form IONITY European 350kw Charging Network

E.ON to have 10,000 150KW TO 350KW EV charging points across Europe by 2020

Enel kicks off the E-VIA FLEX-E project for the installation of European ultra-fast charging stations

Europe’s Allego “Ultra E” ultra-fast charging network now operational

Allego & Fortum Launch MEGA-E High Power Charging network for Europe’s Metropolitan areas

ChargePoint Secures $240 Million in Additional Funding; $500 million raised in total

UK’s Podpoint installing 150kW EV rapid chargers this year; 350kW by 2020

UK National Grid plans 350kW EV charge point network

Fastned building 150kw-350kw chargers in Europe

Deutsche Telekom to build electric car charging network in Germany

ABB powers e-mobility with launch of first 150-350 kW high power charger

Shell buys European electric vehicle charging pioneer NewMotion

BP buys UK’s largest car charging firm Chargemaster

Total planning EV charging points at its French stations

VW Is Setting Up Electric Car Charging Stations in China

Yet, despite all that deep-pocketed competition, perhaps you want to buy shares of Tesla because you believe in its management team. Really???

Elon Musk Settles SEC Fraud Charges

Elon Musk, June 2009: “Tesla will cross over into profitability next month”

Tesla SEC Correspondence Shows A Pattern Of Inaccurate, Incomplete & Misleading Disclosures

Tesla: Check Your Full Self-Driving Snake Oil Expiration Date

As Musk Hyped and Happy-Talked Investors, Tesla Kept Quiet About a Year-Long SEC Probe

The Truth Is Catching Up With Tesla

With Misleading Messages And Customer NDAs, Tesla Performs Stealth Recall

Who You Gonna Believe? Elon Musk’s Words Or Your Own Lying Eyes?

How Tesla and Elon Musk Exaggerated Safety Claims About Autopilot and Cars

When Is Enough Enough With Elon Musk?

Musk Talked Merger With SolarCity CEO Before Tesla Stock Sale

Debunking The Tesla Mythology

Tesla Continues To Mislead Consumers

Tesla Misses The Point With Fortune Autopilot Story

Tesla Timeline Shows Musk’s Morality Is Highly Convenient

Tesla Scares Customers With Worthless NDAs, The Daily Kanban Talks To Lawyers

Tesla: Contrary To The Official Story, Elon Musk Is Selling To Keep Cash

Tesla: O, What A Tangled Web We Weave When First We Practice To Deceive

I Put 20 Refundable Deposits On The Tesla Model 3

Tesla’s Financial Shenanigans

Tesla: A Failure To Communicate

Can You Really Trust Tesla?

Elon Musk Appears To Have Misled Investors On Tesla’s Most Recent Conference Call

Understanding Tesla’s Potemkin Swap Station

Tesla’s Amazing Powerwall Reservations

Elsewhere among our short positions…

…and over 75% (!) of the country’s ETFs by market value.

And now for the fund’s long positions…

Thanks and regards,

Mark Spiegel

Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.

0 notes

awesomecolorfulcollectorwombat · 6 years ago

Text

Stanphyl Capital Letter - March 2019

New Post has been published on http://psychotherapy-online.com/stanphyl-capital-letter-march-2019/

Stanphyl Capital Letter - March 2019

March 29, 2019

Friends and Fellow Investors:

…along with a median EV-to-EBIT that’s (almost literally!) off the charts:

Elsewhere in the fund’s short positions…

Tesla is now a “busted growth story”; demand for its existing models has peaked and it will have to raise billions of dollars to produce new ones.

Tesla is again losing a lot of money with a terrible balance sheet while suddenly confronting massive competition in every aspect of its business

Elon Musk is extremely untrustworthy.

…and here’s what Musk gets for his shareholders’ money from his new figurehead of an “independent” Chairwoman:

But what about all those Tesla owners who tell you how much they love their cars despite the service and reliability problems?

And let’s not count out BMW (OTCPK:BMWYY); here’s a fascinating interview with its head EV powertrain engineer and a preview of its upcoming 2021 i4 and iX3.

So here is Tesla’s competition in cars (note: these links are continually updated)…

THE NEW ALL-ELECTRIC JAGUAR I-PACE

2019 Jaguar XJ to be reborn as high-tech electric flagship

VW Group to launch 70 pure electric cars over the next decade

Audi e-tron electric SUV is available now

Audi e-tron Sportback comes late 2019

AUDI E-TRON GT FIRST DRIVE: LOOK OUT, TESLA (available 2020)

Audi’s Q4 e-tron previews entry-level EV for 2021

Porsche Electric Taycan Launches Late 2019

Porsche Taycan Cross Turismo to launch in 2020 after Taycan Sedan

The next generation of the Porsche Macan will be electric

New VW ID. hatch: order books for VW electric car open on May 2019

Mercedes EQC Electric SUV Available Mid-to-Late 2019

Mercedes to launch more than 10 all-electric models by 2022

258-Mile Hyundai Kona electric is available now for under $40,000

239-Mile Kia Niro EV is Available Now For Under $40,000

Kia Soul (available mid-2019) EV’s Range Jumps to 243 Miles

Kia Europe to have six pure electric models by 2022

Chevrolet Bolt Offers 238 Miles On A Single Charge GM is transforming Cadillac into an electric brand

Nissan LEAF e+ with 226-mile range is available now

Nissan Leaf-based SUV coming in 2020

The 2020 Volvo Polestar 2 Is Priced to Beat Tesla’s Best-Selling Model 3

BMW iX3 electric crossover goes on sale in 2020

New BMW i4: Tesla-rivalling coupe seen winter testing

BMW to have 25 electrified models by 2025

Ford CEO says 16 electric models are in design & development

Peugeot 208 to electrify Europe’s small-car market

Toyota, Mazda, Denso create company to roll out electric cars beginning 2019

Toyota to market over 10 battery EV models in early 2020s

New Renault Zoe to feature 400km range

Renault aims to remain EV leader in Europe

Infiniti will go mostly electric by 2021

DS 3 Crossback will give PSA’s upscale brand an electric boost

ALL-ELECTRIC MINI COOPER COMING IN 2019

Smart Will Electrify Its Entire Line-up By 2020

SEAT will launch 6 electric and hybrid models and develop a new platform for electric vehicles

Opel/Vauxhall will launch electric SUV and van in 2020

2019 Skoda e-Citigo confirmed as brand’s first all-electric model

Skoda planning range of hot all-electric eRS models

New Citroen C4 Cactus to be first electrified Citroen in 2020

MG E-Motion confirms new EV sports car on the way by 2020

Fiat Chrysler bets on electrification for Alfa, Jeep and Maserati

Maserati offering three fully electric cars between 2020 and 2022

Rolls-Royce is preparing electric Phantom for 2022

Honda will offer full-EV or hybrid tech on every European model by 2025

Bentley mulls electric car to help reduce carbon footprint

Subaru to introduce all-electric vehicles by 2021

Korando will lead SsangYong’s push into electrification

Dyson Moves Ahead on $2.6 Billion Electric Car Plan

Lucid Motors closes $1 billion deal with Saudi Arabia to fund electric car production

Rivian (electric pick-up truck maker) Announces $700M Investment Round Led By Amazon

Borgward BXi7 Electric SUV Flies Under The Radar

Detroit Electric promises 3 cars in 3 years

SF Motors reveals two electric SUVs for 2019 with 300 miles of range

Two new electric cars from Mahindra in India by 2019; Global Tesla rival e-car soon

Saab asset owner NEVS plans electric car production

EV startup Canoo will only sell cars on a subscription basis

And in China…

VW, China spearhead $300 billion global drive to electrify cars

Audi Q2L e-tron debuts at Auto Shanghai

Audi China to roll out 12 locally-produced models in total by 2022

BYD launches EV535, all-electric SUV

BYD Song MAX BEV version with 500km range to hit market in 2019

2019 BYD Yuan EV360 goes on sale with prices starting RMB89,900 after subsidy

Daimler & BYD launch new DENZA electric vehicle for the Chinese market

BAIC and Daimler to Build $1.9 Billion China Plant

BAIC brings EX5 Electric SUV to market

BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV

Daimler to Start EQC Electric SUV Production in China in 2019

GM China raises new-energy vehicle target to 20 models through 2023

Nissan & Dongfeng to invest $9.5 billion in China to boost electric vehicles

Toyota to Introduce 10 New Electrified Vehicles in China by 2020

Infiniti bringing EVs to China’s luxury car market

NIOS ES8 Electric Crossover debuts with half the Tesla Model X’s price tag

536 HP Nio ES6 Midsize Electric SUV Launches With 317-Mile Range at 1/2 the price of Tesla X

NIO’s third model said to be a sedan dubbed EP7

BMW will develop and produce electric Mini in China

Ford ramps up electric vehicle push in China

Jaguar Land Rover’s Chinese arm invests £800m in EV production

SAIC building factory in China for EVs from Roewe and MG

Renault and Brilliance Automotive to build 3 new electric light commercial vehicles for China

Honda launches new all-electric Everus VE-1 for ~$25,000 in China

Honda to roll out over 20 electric models in China by 2025

Geely all-new BEV sedan Jihe A starts at RMB150,000

Geely unveils GE11 compact BEV

New Geely Emgrand GSe crossover has EV range up to 400km

Changan building large scale NEV factory

Mazda and Changan Auto join hands on electric vehicles

XPENG Motors kicks-off sales of Tesla-infused EV for €30,000

XPENG Motors to unveil second model at Auto Shanghai 2019

WM Motors/Weltmeister EX5 Electric SUV Launched On The Chinese Car Market

Chery Breaks Ground on $240M EV Factory in China

Chery’s second EV plant open in Dezhou

BYTON to launch mass-produced M-Byte into market at the end of 2019

DearCC Launches ENOVATE Electric SUV

GAC NE to roll out 12 new models for Aion series, including solar-powered models

Guangzhou Auto To Launch Four New Electric Cars By 2020

Great Wall Launches New EV Brand (NYSE:ORA) In China

Singulato iS6 Electric SUV Debuts With 249-Mile Range

Singulato, BAIC partner to promote smart new energy vehicles

Hongqi launches E-HS3 BEV SUV with AWD option, 390km range and 0-100kh/h in 5.9 seconds

FAW (Hongqi) to roll out 15 electric models by 2025

JAC’s Electric Car Has A Range Of 500 Kilometers

ICONIQ to build electric cars in Zhaoqing with total investment of RMB 16 billion

Quianu Motor aims to grab share of US electric vehicle market

Hozon Kicks Off Mass Production With All-Electric Neta N01

Aiways U5 long-range electric SUV

All-electric NEVS 9-3 sedans (nee Saab) being built in China

Youxia Motors raises $1.25 billion to start 2019 EV production

CHJ Automotive buys Lifan for shortcut to EV production

Wanxiang Gets China Electric Vehicle Permit to Make Karma Cars

Qoros Auto’s new owner plans to be an EV power

JMC (Jianling Motor Corp.) Starts New EV Brand In China

Thunder Power Chinese EV manufacturer clinches deal with Belgian investment fund

Leapmotor raises RMB2.5 billion for Series A round to build electric cars

Continental, Didi sign deal on developing EVs for China

Here’s Tesla’s competition in autonomous driving…

Navigant Ranks Tesla Last Among Automakers & Suppliers for Automated Driving

What Smart Tesla fans Get Wrong about Full Self-Driving

Tesla has a self-driving strategy other companies abandoned years ago

Waymo Starts First Driverless Car Service

Jaguar and Waymo announce an electric, fully autonomous car

Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62,000

Nissan-Renault alliance to tie up with Waymo on self-driving cars

Uber, Waymo in talks about self-driving partnership

Lyft and Waymo Reach Deal to Collaborate on Self-Driving Cars

Cadillac Super Cruise Sets the Standard for Hands-Free Highway Driving

GM ride-hailing fleet would ditch steering wheel, pedals in 2019

Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle

SoftBank Vision Fund to Invest $2.25 Billion in GM Cruise

Ford and VW Discuss Autonomous Car Team-Up at a $4 Billion Valuation

Volkswagen Group and Aurora Innovation Announce Strategic Collaboration On Self-Driving Cars

VW taps Baidu’s Apollo platform to develop self-driving cars in China

An Overview of Audi Piloted Driving

Daimler, BMW deepen cooperation with self-driving venture

Mercedes plans advanced self-driving tech for next S class

Bosch and Daimler join forces to market fully automated, driverless taxis by 2020

Daimler’s heavy trucks start self-driving some of the way

Volvo, Nvidia expand autonomous driving collaboration

Continental & NVIDIA Partner to Enable Production of Artificial Intelligence Self-Driving Cars

Intel’s Mobileye has 2 million cars (VW, BMW & Nissan) on roads building HD maps

Toyota’s moonshot: Self-driving car for sale – in 2020

Nissan and Mobileye to generate, share, and utilize vision data for crowdsourced mapping

Magna joins the BMW Group, Intel and Mobileye platform as an Integrator for AVs

Intel collaborates with Waymo on self-driving compute design

Fiat Chrysler to Join BMW, Intel and Mobileye in Developing Autonomous Driving Platform

Baidu, WM Motor announce strategic partnership for L3, L4 autonomous driving solutions

Baidu plans to mass produce Level 4 self-driving cars with BAIC by 2021

Volvo, Baidu to co-develop EVs with Level 4 autonomy for China

BYD partners with Huawei for autonomous driving

Lyft, Aptiv (formerly Delphi) partner on driverless ride-hailing at 2018 CES in Vegas

Lyft, Magna in Deal to Develop Hardware, Software for Self-Driving Cars

Hyundai, Aurora to release autonomous cars by 2021

Deutsche Post to Deploy Test Fleet Of Fully Autonomous Delivery Trucks This Year

Byton cooperating with Aurora on autonomous vehicles

ZF autonomous EV venture to start output this year, names first customer

Magna’s new MAX4 self-driving platform offers autonomy up to Level 4

Groupe PSA’s safe and intuitive autonomous car tested by the general public

Tencent, Changan Auto Announce Autonomous-Vehicle Joint Venture

Self-driving startup Momenta ready to launch fully automated driving solution in Q3 2019

JD.com Delivers on Self-Driving Electric Trucks

NAVYA Unveils First Fully Autonomous Taxi

Fujitsu and HERE to partner on advanced mobility services and autonomous driving

Lucid Chooses Mobileye as Partner for Autonomous Vehicle Technology

First Look Inside Zoox’s Autonomous Taxi

Nuro’s Robot Delivery Vans Are Arriving Before Self-Driving Cars

Here’s Tesla’s competition in car batteries…

LG Chem targets electric car battery sales of $6.3 billion in 2020

LG Chem to build $1.8 bln EV battery plant in China

Samsung SDI Unveils Innovative Battery Products at 2018 Detroit Motor Show

SK Innovation to boost EV battery production capacity more than tenfold by 2022

New Toshiba EV Battery Allows 320km Charge in 6 Minutes

Daimler starts building electric car batteries in Tuscaloosa – one of 8 battery factories

Panasonic Opens New Automotive Lithium-Ion Battery Factory in Dalian, China

Panasonic forms battery partnership with Toyota

CATL’s Chinese battery factory will be bigger than Tesla’s Gigafactory

CATL to set up battery cell manufacturing in Germany

BYD to quadruple car battery output with lithium site plants

GM inaugurates battery assembly plant in Shanghai

Volkswagen plans entry into battery cell production

VW Wants to One-Up Tesla With a Next-Generation Battery

Honda Partners on General Motors’ Next Gen Battery Development

Energy Absolute Plots Asian Project Rivaling Musk’s Gigafactory

France’s Saft plans production of next-gen lithium ion batteries from 2020

Northvolt making ground on Gigafactory in Sweden

ABB teams up with Northvolt on Europe’s biggest battery plant

Chinese Battery Maker to Open Factory Next to Swedish EV Plant

Sokon aims to be global provider of battery, electric motor, electric control systems

BMW Group invests 200 million euros in Battery Cell Competence Centre

BMW Brilliance Automotive opens battery factory in Shenyang

BMW announces partnership with solid-state battery company

Toyota promises auto battery ‘game-changer’

VW increase stake in solid-state batteries with $100M investment

Hyundai Motor developing solid-state EV batteries

Wanxiang is playing to win, even if it takes generations

UK provides millions to help build more electric vehicle batteries

Rimac is going to mass produce batteries and electric motors for OEMs

Elon Musk Has A New Battery Rival (Romeo Power) Packed With His Ex-Employees

Evergrande acquires Cenat battery production

Bracing for EV shift, NGK Spark Plug ignites all solid-state battery quest

ProLogium Technology Will Produce First Next Generation Lithium Ceramic Battery For EVs

Here’s Tesla’s competition in storage batteries…

Panasonic

Samsung

BYD

AES + Siemens (Fluence)

Bosch

Mitsubishi Hitachi

NEC

Toshiba

ABB

Saft

Johnson Contols

EnerSys

SOLARWATT

Schneider Electric

sonnenBatterie (acquired by Shell)

Kokam

Sharp

Eaton

Nissan

Tesvolt

Kreisel

Leclanche

Lockheed Martin

EOS Energy Storage

ESS

UET

electrIQ Power

Belectric

Stem

ENGIE

Exergonix

Redflow

Renault

Fluidic Energy

Primus Power

Simpliphi Power

redT Energy Storage

Murata

Bluestorage

Adara

Blue Planet

Clean Energy Storage Inc.

Tabuchi Electric

Younicos

Orison

Moixa

Powin Energy

Nidec

Powervault

Schmid

24M

Ecoult

Innolith

LithiumWerks

Natron Energy

And here’s Tesla’s competition in charging networks…

Electrify America: Our Plan

EVgo Installing First 350 kW Ultra Fast Public Charging Station In The US

Tritium’s First 350-kW DC Fast Chargers Coming To U.S.

Porsche plans network of 500 fast chargers for U.S.

ChargePoint To Equip Mercedes Dealerships With 150kw Charging Stations For EQC

Recargo Ultrafast West Coast Charging

BMW, Daimler, Ford, VW, Audi & Porsche form IONITY European 350kw Charging Network

E.ON to have 10,000 150KW TO 350KW EV charging points across Europe by 2020

Enel kicks off the E-VIA FLEX-E project for the installation of European ultra-fast charging stations

Europe’s Allego “Ultra E” ultra-fast charging network now operational

Allego & Fortum Launch MEGA-E High Power Charging network for Europe’s Metropolitan areas

ChargePoint Secures $240 Million in Additional Funding; $500 million raised in total

UK’s Podpoint installing 150kW EV rapid chargers this year; 350kW by 2020

UK National Grid plans 350kW EV charge point network

Fastned building 150kw-350kw chargers in Europe

Deutsche Telekom to build electric car charging network in Germany

ABB powers e-mobility with launch of first 150-350 kW high power charger

Shell buys European electric vehicle charging pioneer NewMotion

BP buys UK’s largest car charging firm Chargemaster

Total planning EV charging points at its French stations

VW Is Setting Up Electric Car Charging Stations in China

Yet, despite all that deep-pocketed competition, perhaps you want to buy shares of Tesla because you believe in its management team. Really???

Elon Musk Settles SEC Fraud Charges

Elon Musk, June 2009: “Tesla will cross over into profitability next month”

Tesla SEC Correspondence Shows A Pattern Of Inaccurate, Incomplete & Misleading Disclosures

Tesla: Check Your Full Self-Driving Snake Oil Expiration Date

As Musk Hyped and Happy-Talked Investors, Tesla Kept Quiet About a Year-Long SEC Probe

The Truth Is Catching Up With Tesla

With Misleading Messages And Customer NDAs, Tesla Performs Stealth Recall

Who You Gonna Believe? Elon Musk’s Words Or Your Own Lying Eyes?

How Tesla and Elon Musk Exaggerated Safety Claims About Autopilot and Cars

When Is Enough Enough With Elon Musk?

Musk Talked Merger With SolarCity CEO Before Tesla Stock Sale

Debunking The Tesla Mythology

Tesla Continues To Mislead Consumers

Tesla Misses The Point With Fortune Autopilot Story

Tesla Timeline Shows Musk’s Morality Is Highly Convenient

Tesla Scares Customers With Worthless NDAs, The Daily Kanban Talks To Lawyers

Tesla: Contrary To The Official Story, Elon Musk Is Selling To Keep Cash

Tesla: O, What A Tangled Web We Weave When First We Practice To Deceive

I Put 20 Refundable Deposits On The Tesla Model 3

Tesla’s Financial Shenanigans

Tesla: A Failure To Communicate

Can You Really Trust Tesla?

Elon Musk Appears To Have Misled Investors On Tesla’s Most Recent Conference Call

Understanding Tesla’s Potemkin Swap Station

Tesla’s Amazing Powerwall Reservations

Elsewhere among our short positions…

…and over 75% (!) of the country’s ETFs by market value.

And now for the fund’s long positions…

Thanks and regards,

Mark Spiegel

Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.

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