More Higher Prices

In this buzz: Berkshire Hathaway vs Tesla; Dow; Whole Sale Prices and Tech Stocks; Non-Tesla Superchargers and yeah, the government is projected to run out of money and more…

Recap:
– Dow futures start the day slipping more than 150 points as another inflation measure came in higher than anticipated.
– Wholesale prices rose 0.7% in January versus an expected increase of 0.4%, fueling additional concern about inflation after the week’s higher than consensus January CPI data.
– Tech stocks are coming off a three day winning streak so today will be a test of the equity market’s resilience in the face of inflation and resurfacing discussions about a soft landing or recession.

In other news,
… Charlie Munger of Berkshire Hathaway threw down on that whippersnapper Elon, calling him “talented and peculiar” while touting Berkshire’s investment in BYD in comparison to Tesla. Munger pointed out the 600% return his investment in BYD has returned over the past 10 years and called out the fact that BYD has been raising prices, and making serious money in China, while Tesla is cutting prices.

a la Apple…
Elon’s making moves of his own though, it looks like he’s about to enable Tesla charging stations to support other manufacturer’s EVs. Why not continue to box out the competition a la Apple? Money. Federal money. In exchange for federal infrastructure funds, Tesla is reportedly agreeing to make 7500 of its charging stations available to over vehicles by year end.

Oh yeah,
… and the government is projected to run out of money sometime between June and September, but more about that later.