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lostnfound

(17,569 posts)

8. These are paper changes and they are probably thrilled to avoid paying taxes on profits

Reply to In It to Win It (Original post)

Mon Oct 20, 2025, 11:36 AM

Oct 2025

Special charges usually don’t affect their stock price for very long. Lowers the amount of taxes they would otherwise have to pay

I suspect the U-turn on electric vehicles is driven not only by the petroleum industry (always in bed with the GOP) but also by the tech companies and their AI-driven-obsession which is constrained by the pace of growth in electricity generation.

The expectation of building power plants to support AI / data centers is a boon to utility stocks and a political gravy train to various industries.

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General Motors to take $1.6 billion hit following government U-turn on massive program [View all] In It to Win It Oct 2025 OP

Is pootin happy yet? SheltieLover Oct 2025 #1

I bought a new hybrid vehicle in January to avoid Trump's tariffs. Now the resale value of any EV or hybrid will doc03 Oct 2025 #2

Are you sure? genxlib Oct 2025 #3

You have a point but the demand for new EVs have been going down and probably doc03 Oct 2025 #4

Literally every other country is going to be fully electric and we're going to be driving around Prairie Gates Oct 2025 #5

Meanwhile, Norway is ending their subsidies for the right reason. tinrobot Oct 2025 #6

Consumers showed with their wallets they did not want EV vehicles MichMan Oct 2025 #7

These are paper changes and they are probably thrilled to avoid paying taxes on profits lostnfound Oct 2025 #8