Posted by izoklse > 4 days ago | Report Abuse IIn TV 1 RTM now, PM invite US businesses to invest in EV i.e Tesla to do business and start EV car production in Malaysia. ******************************** Now, when it comes to Elon Musk, the big drama is all about Tesla electric vehicles and the opening of a car manufacturing plant, battery manufacturing plant and also the EV charging infrastructure which brings not only plenty of jobs, but also the rest of the electric vehicle business links.
Why Is Elon Musk Doing Business In Indonesia And Not Malaysia?
The big question should be why is Elon Musk so happy to chat with Jokowi? So, why is Elon Musk ready to work with Indonesia and not Malaysia right now? Well, it is clear and precise Indonesia's government policy gives confidence to Elon Musk to start operations. Indonesia has a clear and defined automotive and EV policy.
I agree with you investor2021trading. Malaysia should do something about it. Not of corporate tax exemption but some incentive to attract back this giant player into the country. Indonesia also have added advantage of raw material that Telsa really need.
tomorrow huge selling will occur rm1 is the psychological support before any good attempt to rebound nasdaq has just broke support follow by a bearish candle and bearish chart pattern in gentec today huge selling after attempt to break 2.2 confirmed that
I think there were a lotta bets taking place due to Thursday and Friday’s news about Elon’s Starlink venture into our country and that our PM have invited Tesla to invest in Malaysia. Genetec’s fundamentals are not great based on my checks. There is still no official announcement that Tesla is Genetec’s supplier. I personally doubt it. But there you go regarding the stock market…..
anthonytkh. Maybe la but Elon & Jokowi picture viral now in social media give the impression Indonesia got Tesla and maybe this is the area where genetec can come and expansion to Indonesia as Genetec can supply EV batteries component Tesla need with more cheap in price and cost optimization due to friendly trade and tariff between Asian Country.
The Minister told TV3 in an interview that Space X is looking at expanding its supply chain among local companies. He said with the investments, they would need the support of a wider supply chain and this would benefit Malaysian companies to get involved in space technology in the near future.
Azmin also said Starlink’s ethos of “Connecting the Unconnected” is aligned to Malaysia’s aspiration towards narrowing the digital divide and ensuring every individual participates and reaps the benefits of the digital economy. He added that Starlink’s satellite solution provides great potential for Malaysians, elevating access to education, providing more internet-related job opportunities, rapid sharing of information, and more.
" According to the Cobalt Market Report 2021, cobalt demand rose by 32 kt in 2021 alone compared to 51 kt in the 5 years from 2015-20, adding that growth was led by lithium-ion battery applications, accounting for 63% of annual demand and 85% of y/y growth.
Importantly, for the very first time in 2021, cobalt demand from electric vehicles (EVs) overtook other battery applications to become the largest end use sector at 34% of demand, totalling 59 kt. This was supported by EV sales doubling over 2020 levels. "
phoenixqueen, i invested in genetec from the price rm6, till rm50 and bonus.. therefore, im still holding as i believe Genetec is for long term investors.. but coward, and as a person that spread the negativity like you, better you concentrate other counters, we dont need negative person like u ok... hahahah so embarrassing ugly lady
Any company that is involved in the business of assembling (NOT manufacturing) EV battery components has a decent, if competitive, future
If there are still some investor here that thinks Genetec (2 smallish factories in Malaysia, not very healthy financially except for its founder that supports it) is a battery supplier for Tesla, please know that Tesla is currently happy enough with PANAMY’s battery supply for their giga factories. It may change….. Elon is forever working….
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....