Biden will invoke the Defense Production Act to spur domestic production of solar panels and other..

[Nevilledog]

Link to tweet

Tweet text:

Jeff Mason
@jeffmason1
SCOOP: @POTUS will use executive action Monday to kickstart solar projects in the U.S. that are stalled by a Commerce Dept tariff probe, and he will invoke the Defense Production Act to spur domestic production of solar panels and other clean energy projects, sources tell me
7:02 PM · Jun 5, 2022

[WarGamer]

1. Tesla Solar?

Should I buy call options in the AM??

[Nevilledog]

2. Wut?

[WarGamer]

3. You know that Tesla makes all it's solar panels and power wall units in the US right?

And a call option is a stock market trade to take advantage of good news for the business.

Biden did this in March, too... and TSLA stock shot up.

https://www.barrons.com/articles/ev-biden-dpa-materials-51648744783

[Nevilledog]

4. Did not know about Tesla & Solar

Don't really care who makes them as long as projects being screwed over by the Koch-backed complaint tying up the Commerce Department can go forward.

[dsp3000]

5. Tesla does not make all their own solar panels.

They use hanwha qcells some of which are made in the US.

[former9thward]

6. The majority of solar panels are made in China.

It is very limited what companies can do in the U.S.

[Nevilledog]

8. More details

Link to tweet

Tweet text:

Reuters
@Reuters
·
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Biden to exempt tariffs on solar panels from Southeast Asian countries for 24 months -source http://reut.rs/3GWjJL1

[dweller]

7. Cool ...

I’m sure it will be all over the news … not

But the high gas prices/inflation stories will be there, yeh?

Maybe Joe should do a signing ceremony like Pisswig would do with EOs, flashing his markie sig on a Chucky Cheese puzzle he’d completed at lunch that would be on every newscast


But seriously good news .. if I had coin leftover to rub together I’d invest in solar … bc petrol isn’t coming down, and won’t last forever anyway … the sun 🌞 on the other hand


✌🏻

[MichMan]

9. Can they order a company not currently making solar panels to build a new factory and start ?