Comments by "Scott Franco" (@scottfranco1962) on "CNBC Television" channel.

  1. Wow. What is funny about this is that even the Wall St. Journal, a supposed financial paper, does not get these facts. They are blinded by a decades old war on Tesla.
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  2. Two massive waves are waiting to hit the auto industry. The first wave is cost inversion. EVs cost less to make than gas cars, and will soon move to being a considerable discount to gas cars. The American car makers are not ready for this, which is why they are lobbying to keep BYD out of the USA. It won't work. BYD will be selling everywhere outside the USA, including over the border in Mexico, which means they will be here soon like it or not. The second wave is autonomy. That is end of decade stuff, but it will change the car industry utterly.
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  3. Wall streen journal just published an article that the states have, in fact, lost little revenue in taxes. Certainly there have been expenses in reference to covid, but the numbers from the dems are designed to make up for the loss of SALT deductions. IE, this is a backdoor reversal of a previous policy they didn't like.
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