VW Skyrockets As Tesla Fizzles, US Banks Increasing Reserves

by confoundedinterest17

The electric car wars have gotten under way. Tesla, the early favorite, is now looking weak compared to VW and their more affordable electric offering.

Although US auto sales went kerplunk in February (-12.70%).

READ  A female Tesla owner climbed on top of a car’s roof at the Tesla booth to protest her car’s brake malfunction at the Shanghai auto show Monday. The booth beefed up its security after the incident.

Of course, some of the blame for declining auto sales is due to the Texas freeze-out and Covid lockdowns.

In other news, US banks increased their reserves at The Fed last year.

READ  At least 80 central banks around the world are looking at digital currencies.

With Biden’s $1.9 trillion Covid-relief act going through, we have to wonder HOW the funds will be spent? Auto sales? Invest in stocks? Pabst Blue Ribbon?

 

 

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