Everything EV Thread

CRSKTN

CRSKTN

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mikeavelli said:
eletric-vehicles.com

Citi Group Dumps 48% of Lucid Shares in Q2, Buys Puts and Sells Calls - EV

Citi Group published late Monday the quarterly update of its portfolio revealing that trimmed its position in the luxurious electric vehicle (EV) maker Lucid Motors by nearly 48% while increasing its stake in Tesla by over 22%.
eletric-vehicles.com eletric-vehicles.com

Citi dumps a ton of lucid shares but buys more tesla
Click to expand...

They didn't just dump the stock, they are actively betting against it or positioning to hedge against a downside scenario. This is an aggressive call.

When you buy "Puts", it means the party who sold you the put gives you the right (but not obligation) to sell shares to them at a predetermined price. When you sell "Calls", that means people who buy call options from you have the right (but not the obligation) to purchase from you at a set price.

They're probably selling the calls to fund the premiums on the put options.

If you're selling options you hope they don't get exercised.

If you're buying puts and selling calls, it means you expect your puts to be priced above where the market will be, and you expect your calls to expire unexercised because who is gonna buy from you for $1 and sell for less in the open market?

So it drops, you've locked in the money to fund your put option premiums and now you're in the money.

Also option contracts are sold in bundles of options. The premiums are usually a small fraction of the cost of the share, depending on the pricing and terms they're struck at.

Note:
If a bank is down on a stock, they'll prefer to move to "hold" or neutral on it vs a downside view. This is pretty aggressive.
 
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mikeavelli

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CRSKTN said:
They didn't just dump the stock, they are actively betting against it or positioning to hedge against a downside scenario. This is an aggressive call.

When you buy "Puts", it means the party who sold you the put gives you the right (but not obligation) to sell shares to them at a predetermined price. When you sell "Calls", that means people who buy call options from you have the right (but not the obligation) to purchase from you at a set price.

They're probably selling the calls to fund the premiums on the put options.

If you're selling options you hope they don't get exercised.

If you're buying puts and selling calls, it means you expect your puts to be priced above where the market will be, and you expect your calls to expire unexercised because who is gonna buy from you for $1 and sell for less in the open market?

So it drops, you've locked in the money to fund your put option premiums and now you're in the money.

Also option contracts are sold in bundles of options. The premiums are usually a small fraction of the cost of the share, depending on the pricing and terms they're struck at.

Note:
If a bank is down on a stock, they'll prefer to move to "hold" or neutral on it vs a downside view. This is pretty aggressive.
Click to expand...

I’ll admit grabbed form the lucid group and didn’t read the whole article.
 
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ssun30

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BYD Yangwang U9 reached 375 km/h in a recent top speed test with a target of over 412 km/h (Rimac Nevera's record). The battery did not go into limp mode during top speed run and under repeated drag races. There's an arms race going on in China building world's fastest EV both on the straights and on track. We should expect a record attempt on Nordschleife this year.

https://electrek.co/2024/08/14/watch-byds-electric-supercar-race-233-mph-video/
 
F1 Silver Arrows

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ssun30 said:
BYD Yangwang U9 reached 375 km/h in a recent top speed test with a target of over 412 km/h (Rimac Nevera's record). The battery did not go into limp mode during top speed run and under repeated drag races. There's an arms race going on in China building world's fastest EV both on the straights and on track. We should expect a record attempt on Nordschleife this year.

https://electrek.co/2024/08/14/watch-byds-electric-supercar-race-233-mph-video/
Click to expand...

That's insane. I also can't help but exclaim at how big of a knock-off this car is of a McLaren 570S. Be it on the inside and outside.
 
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F1 Silver Arrows said:
That's insane. I also can't help but exclaim at how big of a knock-off this car is of a McLaren 570S. Be it on the inside and outside.
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Its main competitor Mi SU7 Ultra is even more of a McLaren copy.

In some sense the Lexus EV Supercar also borrows heavily from McLaren's design. Maybe McLaren has figured out the optimal aerodynamic shape for supercars and more and more similar designs will appear in the future.

And the popularity of lobster claw lights is the result of matrix LED lights getting smaller and smaller. Each lighting unit only requires a few square centimeters of space so headlights are reduced to a thin strip which looks terrible, so most designers turned that strip into a lobster claw shape.
 
F1 Silver Arrows

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ssun30 said:
In some sense the Lexus EV Supercar also borrows heavily from McLaren's design. Maybe McLaren has figured out the optimal aerodynamic shape for supercars and more and more similar designs will appear in the future.
Click to expand...
Come to think of it, that's an interesting point.
 
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media.toyota.co.uk

On sale now: Proace Max, Toyota’s first heavy-duty van - Toyota Media Site

On sale now: Proace Max, Toyota’s first heavy-duty van
media.toyota.co.uk media.toyota.co.uk
  • Proace Max, Toyota’s first heavy-duty van, on sale from today
  • Line-up includes battery electric versions, demonstrating Toyota’s commitment to offering electrified options across the entire Toyota Professional range of light commercial vehicles
1723739941391.png

media.toyota.co.uk

Power to the people carriers: sales launch for the new, all-electric Toyota Proace Verso and Proace City Verso - Toyota Media Site

Toyota launches new all-electric Proace Verso and Proace City people carriers.
media.toyota.co.uk media.toyota.co.uk
  • Introduction of higher-capacity 75kWh battery for Proace Verso and EV system enhancements increase the driving range – up to 214 miles
  • 50kWh Proace City Verso has a range of up to 213 miles and seating for up to seven
1723739902139.png
 
Och

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The ProAce van looks like a rebadged Dodge Promaster, which in turn is a rebadged Fiat something.
 
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  • Ultimate expression of zero emissions luxury hypercar performance
  • Two distinct user experiences – Opulent and Velocity
  • Enabled by Autonomous Drive technology and next-generation Augmented Reality Head-Up Display (AR HUD)
  • 2+2 Coupe with self-opening butterfly doors
 
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Of course that was going to happen. Western corp world would have sold their own children if that would have meant $0.01 more profit per unit. Chinese just made them partner up with domestics in order to acquire know-how, production line blueprints, logistics, etc. And that's not just exclusive to automotive industry, that's true for pretty much everything from solar panels to telecommunications. And to this day western companies haven't learned their lesson.
 
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