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TempWorker
@temp_worker
, 6 tweets, 3 min read Read on Twitter
1/Official documents regarding the $TSLA FCA emission pooling in the EU. The documents contain not much information except the duration being 2019. It is not clear to me why FCA would pay "hundreds of millions of euros" for pooling in 2019.
2/ Such an amount would make much more sense for 2020/21 when the regulation in the EU becomes much stricter. Unfortunately the FT article has very little information on how the deal is structured and if there is a underlying contract for the following years. $TSLA
3/ Norway was recently (start of 2019) included in the EU fleet averages.
spiegel.de/auto/aktuell/n…
4/ @Badger24 has proposed that the new WLTP testing might increase fleet averages of FCA. Also one should note that fines have become stricter in 2019.
5/ @john__rosevear @BertelSchmitt @Tweetermeyer any ideas why FCA would pay such an amount ("hundreds of millions of euros") for 2019 emission pooling or must there be an underlying longer term contract?
6/ Recent media commentary (March 5th) from FCA boss Mike Manley: "We will take the least costly approach." (Article in German) $TLSA
automobilwoche.de/article/201903…
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TempWorker
@temp_worker
1/ This is only the starting point which made me dig deeper. The timing of this filing (28th Dec) wrt to the SpaceX raise is interesting. Referenced are loans with Morgan Stanely for a total of ~$61m
2/ The question is. When were these loans taken out? What was the money used for? The first question should be possible to answer through public filings. The problem is that the properties are owned by various LLCs, which makes the whole undertaking a bit more
3/ complicated. Let's dig in.
Read 10 tweets
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TempWorker
@temp_worker
1/ The German Model 3 in not priced attractively for $TSLA:
Yesterday I did some calculations on the German Model 3 pricing (which is probably the worst European price for Tesla)
Cash price for AWD is 56,380 €
2/ The price includes 19% VAT (9.002 €)
56,380 € - 9,002 € = 47,378€
Then there is a 10% import duty
47.378€ / 1.10 = 43.071€
That's $50.393, $600 less than the US price after price cuts
Now one needs to consider:
a) shipping
b) no credits (GHG, ZEV)
3/ Exchange rate seems to have been too high
$49,138 (at 1,14 USD/EUR)
Read 5 tweets
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TempWorker
@temp_worker
1/ An interesting small detail re EU type approval is that all passenger cars (and light commercial vehicles) approved in the EU after March 31st require an eCall system.
2/ Wikipedia:
"The eCall initiative aims to deploy a device installed in all vehicles that will automatically dial 112 in the event of a serious road accident, and wirelessly send airbag deployment
3/ and impact sensor information, as well as GPS or Galileo coordinates to local emergency agencies. A manual call button is also provided."
en.wikipedia.org/wiki/ECall
Read 14 tweets

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David M. Herszenhorn
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#EU leaders issue five paragraph statement in long-shot bid to change 100+ minds in #UK Parliament "The Union stands by this agreement and intends to proceed with its ratification. It is not open for renegotiation.
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C. Graamans
@cgraamans
I want to talk a minute about how #Brexit is viewed by most of the #Dutch here in the #Netherlands.

1/
The #Dutch are mostly bewildered by #Brexit and why anyone would want to leave.

We do have a small EU critical faction in parliament (PVV+FvD=32 seats out of 150), but 4/5ths of the electorate are either uncaring or moderately to rabidly pro EU.

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2/
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3/
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Far_Left_Hate_Watch
@Far_Left_Hate_W
TECHNOLOGY
INTELLIGENCE
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This concept was touched on in my last thread of #DrainTheSwampUK but since listening to #EricRWeinstein discuss this on the #RubinReport I feel it needs a thread to explain it properly. See link from 90mins onwards. #TIM
The battle for our futures will be fought over who controls the information that we see rather than on any battlefield in the traditional sense, but make no mistake this battle has been going on for years and will continue to be fought for years too this is the #Swamp. #TIM
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