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chi911

chi911

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2021-09-07

Like my post and u will huat big big

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2021-08-31

Like my post and u will huat big

Here's why this billionaire investor predicts cryptocurrencies will 'go to zero'<blockquote>这就是为什么这位亿万富翁投资者预测加密货币将“归零”</blockquote>

2021-08-31

Like my post and you will huat big

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2021-08-28

Like my post and your stocks will go up :)

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2021-08-27

Like please thanks!

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2021-08-26

Hey there I need a like. Thank you and have a nice day

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2021-08-26

Like and comment pls

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2021-08-26

Bad for vaccination exercise and stock price. Pls like my post.

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2021-08-25

Pls like my comment. I will like yours back

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2021-08-21

Yes focus on fundamentals

Ignore Elon Musk’s dancing distraction and face the dangers ahead for Tesla<blockquote>忽略Elon Musk跳舞的干扰，面对特斯拉未来的危险</blockquote>

2021-08-21

Pfizer may not be better too...(Like my comment please)

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2021-08-16

More subsea cables is good for Sg

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2021-08-16

Say yea to gender equality and safety in workplace

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2021-08-16

Good!

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2021-08-16

No idea

Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>

2021-08-06

Okay

Dropbox Q2 Results Beat Estimates<blockquote>Dropbox第二季度业绩超出预期</blockquote>

2021-08-03

Concerning

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2021-08-02

Worth monitoring

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2021-08-02

Great!

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2021-08-02

Like pls

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去老虎APP查看更多动态

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my post and u will huat big big","listText":"Like my post and u will huat big big","text":"Like my post and u will huat big big","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880060274","repostId":"2165492334","repostType":4,"isVote":1,"tweetType":1,"viewCount":1607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811794090,"gmtCreate":1630344299810,"gmtModify":1704958874141,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Like my post and u will huat big","listText":"Like my post and u will huat big","text":"Like my post and u will huat big","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811794090","repostId":"1175518391","repostType":4,"repost":{"id":"1175518391","kind":"news","pubTimestamp":1630331966,"share":"https://www.laohu8.com/m/news/1175518391?lang=zh_CN&edition=full","pubTime":"2021-08-30 21:59","market":"fut","language":"en","title":"Here's why this billionaire investor predicts cryptocurrencies will 'go to zero'<blockquote>这就是为什么这位亿万富翁投资者预测加密货币将“归零”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175518391","media":"Thestreet","summary":"Billionaire investor John Paulson had harsh words for cryptocurrencies Monday, calling digital curre","content":"<p>Billionaire investor John Paulson had harsh words for cryptocurrencies Monday, calling digital currencies \"a limited supply of nothing.\"</p><p><blockquote>亿万富翁投资者约翰·保尔森周一对加密货币发表了严厉的言论，称数字货币“供应有限”。</blockquote></p><p> Paulson,&nbsp;co-founder of Carlyle Group who became famous in 2007 by shorting the US housing market,&nbsp;made the comments to “Bloomberg Wealth with David Rubenstein,\" adding that cryptocurrencies are a bubble that will \"eventually prove to be worthless.”</p><p><blockquote>2007年因做空美国房地产市场而成名的凯雷集团联合创始人保尔森向《大卫·鲁宾斯坦的彭博财富》发表了上述言论，并补充说，加密货币是一个泡沫，“最终将被证明一文不值”。</blockquote></p><p> \"I would describe them as a limited supply of nothing,\" he said. \"There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount.\"</p><p><blockquote>“我会把它们描述为供应有限，什么都没有，”他说。“除了数量有限之外，任何加密货币都没有内在价值。”</blockquote></p><p> \"Once the exuberance wears off, or liquidity dries up, they will go to zero,\" he added. \"I wouldn’t recommend anyone invest in cryptocurrencies.\"</p><p><blockquote>“一旦繁荣消退，或者流动性枯竭，它们就会归零，”他补充道。“我不建议任何人投资加密货币。”</blockquote></p><p> Bitcoin was off nearly 1% to $47,818 on Monday, according to CoinDesk, but it sill holding on to a year-to-date gain of 65.5%, while Ethereum was down slightly at $3,179 and Dogecoin was off marginally at 27 cents each.</p><p><blockquote>根据CoinDesk的数据，比特币周一下跌近1%，至47,818美元，但仍保持今年迄今65.5%的涨幅，而以太币小幅下跌至3,179美元，狗狗币小幅下跌27美分。</blockquote></p><p> James Edwards, cryptocurrency specialist at&nbsp;Finder, said \"Bitcoin is taking a back seat right now as the competition between layer-1 protocols like Cardano, Solana and Avalanche heats up.\"</p><p><blockquote>Finder的加密货币专家James Edwards表示，“随着Cardano、Solana和Avalanche等第1层协议之间的竞争加剧，比特币现在正在退居二线。”</blockquote></p><p> \"Bitcoin is likely to hover around psychological resistance at $50,000 until a catalyst event stimulates the next wave of buying,\" he said.</p><p><blockquote>他表示：“比特币可能会在50,000美元的心理阻力附近徘徊，直到催化剂事件刺激下一波买盘。”</blockquote></p><p> Markets are still focused on the public narrative right now, Edwards added, \"so if there is no major news event such as another major tech company adding Bitcoin to their balance sheet, then I wouldn't be surprised to see it retrace as low as $43,000, based on previous market cycles.\"</p><p><blockquote>Edwards补充道，目前市场仍然关注公众叙事，“因此，如果没有重大新闻事件，例如另一家大型科技公司将比特币纳入其资产负债表，那么我不会惊讶地看到其回撤低至43,000美元，基于之前的市场周期。”</blockquote></p><p> In other cryptocurrency news,&nbsp;Citigroup&nbsp;(<b>C</b>) -Get Citigroup Inc. Report&nbsp;said last week it was considering offering bitcoin futures trading for some institutional clients, citing increased demand in the cryptocurrency space.</p><p><blockquote>在其他加密货币新闻中，花旗集团（<b>C</b>)-获取花旗集团报告上周表示，该公司正在考虑为一些机构客户提供比特币期货交易，理由是加密货币领域的需求增加。</blockquote></p><p> Cryptocurrency analysts noted that governments around the world are stepping up their efforts to regulated cryptocurrencies.</p><p><blockquote>加密货币分析师指出，世界各国政府正在加大对加密货币的监管力度。</blockquote></p><p> Winston Ma, a former managing director and head of North America at China Investment Corp., said Canada has been enforcing a tightened regime for cryptocurrency exchanges in recent months.</p><p><blockquote>中国投资公司（China Investment Corp.）前董事总经理兼北美负责人温斯顿·马（Winston Ma）表示，近几个月来，加拿大一直在对加密货币交易所实施更严格的制度。</blockquote></p><p> He noted that the Ontario Securities Commission has barred a pair of trading platforms that offer crypto services from trading the popular stablecoin Tether, according to regulatory documents.</p><p><blockquote>他指出，根据监管文件，安大略省证券委员会已禁止两家提供加密服务的交易平台交易流行的稳定币泰达币。</blockquote></p><p> \"It seems that Canada is joining the US and China, the two largest crypto markets and also the two most powerful regulatory enforcers, in taking regulatory actions against stablecoins like Tether,\" said Ma.,&nbsp;author of \"The Digital War - How China’s Tech Power Shapes the Future of AI, Blockchain and Cyberspace.\"</p><p><blockquote>“加拿大似乎正在加入美国和中国这两个最大的加密货币市场，也是两个最强大的监管执法者的行列，对泰达币等稳定币采取监管行动，”《数字战争——中国的技术力量如何塑造人工智能、区块链和网络空间的未来。”</blockquote></p><p> While the major economies of the world don’t agree on much these days. Ma said \"there’s one issue on which both superpowers see eye to eye: the regulation of 'stablecoins'”.</p><p><blockquote>而如今世界主要经济体在很多问题上并没有达成一致。马云表示，“两个超级大国在一个问题上意见一致：‘稳定币’的监管”。</blockquote></p><p> David Lesperance, managing partner of immigration and tax adviser withLesperance &amp; Associates, said \"those with undisclosed cryptocurrency are facing a cross-roads.\"</p><p><blockquote>Lesperance&amp;Associates移民和税务顾问的管理合伙人David Lesperance说：“那些拥有未披露加密货币的人正面临一个十字路口。”</blockquote></p><p> They can either retain expert counsel to do a tax efficient disclosure to bring themselves in compliance, or \"condemn yourself to playing hide and seek with a tax authority who has unlimited time and resources and is joined globally by other tax authorities who can also out you.\"</p><p><blockquote>他们可以聘请专家顾问来进行税务高效的披露，以使自己合规，或者“谴责自己与拥有无限时间和资源的税务机关玩捉迷藏，并且在全球范围内还有其他税务机关也可以击败你。”</blockquote></p><p> For those who had previously chosen \"Path B\" because they thought they could hide behind \"mixers\",&nbsp;Lesperance said, they should note the case of Larry Dean Harmon.</p><p><blockquote>莱斯佩兰斯说，对于那些以前因为认为可以躲在“混合器”后面而选择“路径B”的人来说，他们应该注意拉里·迪恩·哈蒙的案例。</blockquote></p><p> Harmon,&nbsp;38, of Akron, Ohio,&nbsp;ran a mixer called Helix, which federal investigators said&nbsp;allowed customers for a fee, to send bitcoin to designated recipients in a manner that was designed to conceal the source or owner of the bitcoin</p><p><blockquote>38岁的Harmon来自Akron，他经营着一家名为Helix的混音器，联邦调查人员称，该混音器允许用户付费向指定收件人发送比特币，其目的是隐藏比特币的来源或所有者</blockquote></p><p> \"Harmon pleaded guilty recently&nbsp;conspiracy to launder monetary instruments,\"&nbsp;Lesperance said.&nbsp;\"Facing up to 20 years in prison, it is reasonable to think that his records are a major bargaining chip in his sentencing negotiations.\"</p><p><blockquote>“哈蒙最近承认共谋洗钱，”莱斯佩兰斯说，“面临最高20年的监禁，有理由认为他的记录是他量刑谈判的一个主要筹码。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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}\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's why this billionaire investor predicts cryptocurrencies will 'go to zero'<blockquote>这就是为什么这位亿万富翁投资者预测加密货币将“归零”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-08-30 21:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Billionaire investor John Paulson had harsh words for cryptocurrencies Monday, calling digital currencies \"a limited supply of nothing.\"</p><p><blockquote>亿万富翁投资者约翰·保尔森周一对加密货币发表了严厉的言论，称数字货币“供应有限”。</blockquote></p><p> Paulson,&nbsp;co-founder of Carlyle Group who became famous in 2007 by shorting the US housing market,&nbsp;made the comments to “Bloomberg Wealth with David Rubenstein,\" adding that cryptocurrencies are a bubble that will \"eventually prove to be worthless.”</p><p><blockquote>2007年因做空美国房地产市场而成名的凯雷集团联合创始人保尔森向《大卫·鲁宾斯坦的彭博财富》发表了上述言论，并补充说，加密货币是一个泡沫，“最终将被证明一文不值”。</blockquote></p><p> \"I would describe them as a limited supply of nothing,\" he said. \"There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount.\"</p><p><blockquote>“我会把它们描述为供应有限，什么都没有，”他说。“除了数量有限之外，任何加密货币都没有内在价值。”</blockquote></p><p> \"Once the exuberance wears off, or liquidity dries up, they will go to zero,\" he added. \"I wouldn’t recommend anyone invest in cryptocurrencies.\"</p><p><blockquote>“一旦繁荣消退，或者流动性枯竭，它们就会归零，”他补充道。“我不建议任何人投资加密货币。”</blockquote></p><p> Bitcoin was off nearly 1% to $47,818 on Monday, according to CoinDesk, but it sill holding on to a year-to-date gain of 65.5%, while Ethereum was down slightly at $3,179 and Dogecoin was off marginally at 27 cents each.</p><p><blockquote>根据CoinDesk的数据，比特币周一下跌近1%，至47,818美元，但仍保持今年迄今65.5%的涨幅，而以太币小幅下跌至3,179美元，狗狗币小幅下跌27美分。</blockquote></p><p> James Edwards, cryptocurrency specialist at&nbsp;Finder, said \"Bitcoin is taking a back seat right now as the competition between layer-1 protocols like Cardano, Solana and Avalanche heats up.\"</p><p><blockquote>Finder的加密货币专家James Edwards表示，“随着Cardano、Solana和Avalanche等第1层协议之间的竞争加剧，比特币现在正在退居二线。”</blockquote></p><p> \"Bitcoin is likely to hover around psychological resistance at $50,000 until a catalyst event stimulates the next wave of buying,\" he said.</p><p><blockquote>他表示：“比特币可能会在50,000美元的心理阻力附近徘徊，直到催化剂事件刺激下一波买盘。”</blockquote></p><p> Markets are still focused on the public narrative right now, Edwards added, \"so if there is no major news event such as another major tech company adding Bitcoin to their balance sheet, then I wouldn't be surprised to see it retrace as low as $43,000, based on previous market cycles.\"</p><p><blockquote>Edwards补充道，目前市场仍然关注公众叙事，“因此，如果没有重大新闻事件，例如另一家大型科技公司将比特币纳入其资产负债表，那么我不会惊讶地看到其回撤低至43,000美元，基于之前的市场周期。”</blockquote></p><p> In other cryptocurrency news,&nbsp;Citigroup&nbsp;(<b>C</b>) -Get Citigroup Inc. Report&nbsp;said last week it was considering offering bitcoin futures trading for some institutional clients, citing increased demand in the cryptocurrency space.</p><p><blockquote>在其他加密货币新闻中，花旗集团（<b>C</b>)-获取花旗集团报告上周表示，该公司正在考虑为一些机构客户提供比特币期货交易，理由是加密货币领域的需求增加。</blockquote></p><p> Cryptocurrency analysts noted that governments around the world are stepping up their efforts to regulated cryptocurrencies.</p><p><blockquote>加密货币分析师指出，世界各国政府正在加大对加密货币的监管力度。</blockquote></p><p> Winston Ma, a former managing director and head of North America at China Investment Corp., said Canada has been enforcing a tightened regime for cryptocurrency exchanges in recent months.</p><p><blockquote>中国投资公司（China Investment Corp.）前董事总经理兼北美负责人温斯顿·马（Winston Ma）表示，近几个月来，加拿大一直在对加密货币交易所实施更严格的制度。</blockquote></p><p> He noted that the Ontario Securities Commission has barred a pair of trading platforms that offer crypto services from trading the popular stablecoin Tether, according to regulatory documents.</p><p><blockquote>他指出，根据监管文件，安大略省证券委员会已禁止两家提供加密服务的交易平台交易流行的稳定币泰达币。</blockquote></p><p> \"It seems that Canada is joining the US and China, the two largest crypto markets and also the two most powerful regulatory enforcers, in taking regulatory actions against stablecoins like Tether,\" said Ma.,&nbsp;author of \"The Digital War - How China’s Tech Power Shapes the Future of AI, Blockchain and Cyberspace.\"</p><p><blockquote>“加拿大似乎正在加入美国和中国这两个最大的加密货币市场，也是两个最强大的监管执法者的行列，对泰达币等稳定币采取监管行动，”《数字战争——中国的技术力量如何塑造人工智能、区块链和网络空间的未来。”</blockquote></p><p> While the major economies of the world don’t agree on much these days. Ma said \"there’s one issue on which both superpowers see eye to eye: the regulation of 'stablecoins'”.</p><p><blockquote>而如今世界主要经济体在很多问题上并没有达成一致。马云表示，“两个超级大国在一个问题上意见一致：‘稳定币’的监管”。</blockquote></p><p> David Lesperance, managing partner of immigration and tax adviser withLesperance &amp; Associates, said \"those with undisclosed cryptocurrency are facing a cross-roads.\"</p><p><blockquote>Lesperance&amp;Associates移民和税务顾问的管理合伙人David Lesperance说：“那些拥有未披露加密货币的人正面临一个十字路口。”</blockquote></p><p> They can either retain expert counsel to do a tax efficient disclosure to bring themselves in compliance, or \"condemn yourself to playing hide and seek with a tax authority who has unlimited time and resources and is joined globally by other tax authorities who can also out you.\"</p><p><blockquote>他们可以聘请专家顾问来进行税务高效的披露，以使自己合规，或者“谴责自己与拥有无限时间和资源的税务机关玩捉迷藏，并且在全球范围内还有其他税务机关也可以击败你。”</blockquote></p><p> For those who had previously chosen \"Path B\" because they thought they could hide behind \"mixers\",&nbsp;Lesperance said, they should note the case of Larry Dean Harmon.</p><p><blockquote>莱斯佩兰斯说，对于那些以前因为认为可以躲在“混合器”后面而选择“路径B”的人来说，他们应该注意拉里·迪恩·哈蒙的案例。</blockquote></p><p> Harmon,&nbsp;38, of Akron, Ohio,&nbsp;ran a mixer called Helix, which federal investigators said&nbsp;allowed customers for a fee, to send bitcoin to designated recipients in a manner that was designed to conceal the source or owner of the bitcoin</p><p><blockquote>38岁的Harmon来自Akron，他经营着一家名为Helix的混音器，联邦调查人员称，该混音器允许用户付费向指定收件人发送比特币，其目的是隐藏比特币的来源或所有者</blockquote></p><p> \"Harmon pleaded guilty recently&nbsp;conspiracy to launder monetary instruments,\"&nbsp;Lesperance said.&nbsp;\"Facing up to 20 years in prison, it is reasonable to think that his records are a major bargaining chip in his sentencing negotiations.\"</p><p><blockquote>“哈蒙最近承认共谋洗钱，”莱斯佩兰斯说，“面临最高20年的监禁，有理由认为他的记录是他量刑谈判的一个主要筹码。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/cryptocurrency-price-check-paulson-calls-crypto-worthless-bubble?puc=yahoo&cm_ven=YAHOO\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.thestreet.com/investing/cryptocurrency-price-check-paulson-calls-crypto-worthless-bubble?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175518391","content_text":"Billionaire investor John Paulson had harsh words for cryptocurrencies Monday, calling digital currencies \"a limited supply of nothing.\"\nPaulson, co-founder of Carlyle Group who became famous in 2007 by shorting the US housing market, made the comments to “Bloomberg Wealth with David Rubenstein,\" adding that cryptocurrencies are a bubble that will \"eventually prove to be worthless.”\n\"I would describe them as a limited supply of nothing,\" he said. \"There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount.\"\n\"Once the exuberance wears off, or liquidity dries up, they will go to zero,\" he added. \"I wouldn’t recommend anyone invest in cryptocurrencies.\"\nBitcoin was off nearly 1% to $47,818 on Monday, according to CoinDesk, but it sill holding on to a year-to-date gain of 65.5%, while Ethereum was down slightly at $3,179 and Dogecoin was off marginally at 27 cents each.\nJames Edwards, cryptocurrency specialist at Finder, said \"Bitcoin is taking a back seat right now as the competition between layer-1 protocols like Cardano, Solana and Avalanche heats up.\"\n\"Bitcoin is likely to hover around psychological resistance at $50,000 until a catalyst event stimulates the next wave of buying,\" he said.\nMarkets are still focused on the public narrative right now, Edwards added, \"so if there is no major news event such as another major tech company adding Bitcoin to their balance sheet, then I wouldn't be surprised to see it retrace as low as $43,000, based on previous market cycles.\"\nIn other cryptocurrency news, Citigroup (C) -Get Citigroup Inc. Report said last week it was considering offering bitcoin futures trading for some institutional clients, citing increased demand in the cryptocurrency space.\nCryptocurrency analysts noted that governments around the world are stepping up their efforts to regulated cryptocurrencies.\nWinston Ma, a former managing director and head of North America at China Investment Corp., said Canada has been enforcing a tightened regime for cryptocurrency exchanges in recent months.\nHe noted that the Ontario Securities Commission has barred a pair of trading platforms that offer crypto services from trading the popular stablecoin Tether, according to regulatory documents.\n\"It seems that Canada is joining the US and China, the two largest crypto markets and also the two most powerful regulatory enforcers, in taking regulatory actions against stablecoins like Tether,\" said Ma., author of \"The Digital War - How China’s Tech Power Shapes the Future of AI, Blockchain and Cyberspace.\"\nWhile the major economies of the world don’t agree on much these days. Ma said \"there’s one issue on which both superpowers see eye to eye: the regulation of 'stablecoins'”.\nDavid Lesperance, managing partner of immigration and tax adviser withLesperance & Associates, said \"those with undisclosed cryptocurrency are facing a cross-roads.\"\nThey can either retain expert counsel to do a tax efficient disclosure to bring themselves in compliance, or \"condemn yourself to playing hide and seek with a tax authority who has unlimited time and resources and is joined globally by other tax authorities who can also out you.\"\nFor those who had previously chosen \"Path B\" because they thought they could hide behind \"mixers\", Lesperance said, they should note the case of Larry Dean Harmon.\nHarmon, 38, of Akron, Ohio, ran a mixer called Helix, which federal investigators said allowed customers for a fee, to send bitcoin to designated recipients in a manner that was designed to conceal the source or owner of the bitcoin\n\"Harmon pleaded guilty recently conspiracy to launder monetary instruments,\" Lesperance said. \"Facing up to 20 years in prison, it is reasonable to think that his records are a major bargaining chip in his sentencing negotiations.\"","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811795442,"gmtCreate":1630344254086,"gmtModify":1704958873624,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Like my post and you will huat big","listText":"Like my post and you will huat big","text":"Like my post and you will huat big","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811795442","repostId":"1158949928","repostType":4,"isVote":1,"tweetType":1,"viewCount":1689,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813934526,"gmtCreate":1630119771165,"gmtModify":1704956250811,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Like my post and your stocks will go up :)","listText":"Like my post and your stocks will go up :)","text":"Like my post and your stocks will go up :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813934526","repostId":"2162029756","repostType":4,"isVote":1,"tweetType":1,"viewCount":1040,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810756875,"gmtCreate":1630018716097,"gmtModify":1704954547870,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Like please thanks!","listText":"Like please thanks!","text":"Like please thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/810756875","repostId":"2162301893","repostType":4,"isVote":1,"tweetType":1,"viewCount":1604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810917248,"gmtCreate":1629939223684,"gmtModify":1633681328789,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Hey there I need a like. Thank you and have a nice day","listText":"Hey there I need a like. Thank you and have a nice day","text":"Hey there I need a like. Thank you and have a nice day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/810917248","repostId":"1197778368","repostType":4,"isVote":1,"tweetType":1,"viewCount":977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810917973,"gmtCreate":1629939201992,"gmtModify":1633681329255,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/810917973","repostId":"2162068762","repostType":4,"isVote":1,"tweetType":1,"viewCount":1152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810912743,"gmtCreate":1629939111582,"gmtModify":1633681331113,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Bad for vaccination exercise and stock price. Pls like my post.","listText":"Bad for vaccination exercise and stock price. Pls like my post.","text":"Bad for vaccination exercise and stock price. Pls like my post.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/810912743","repostId":"2162638260","repostType":4,"isVote":1,"tweetType":1,"viewCount":1455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837839968,"gmtCreate":1629871599354,"gmtModify":1633681792320,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Pls like my comment. I will like yours back","listText":"Pls like my comment. I will like yours back","text":"Pls like my comment. I will like yours back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/837839968","repostId":"2162573039","repostType":4,"isVote":1,"tweetType":1,"viewCount":1624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832015669,"gmtCreate":1629539309951,"gmtModify":1633684122394,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Yes focus on fundamentals","listText":"Yes focus on fundamentals","text":"Yes focus on fundamentals","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/832015669","repostId":"1107075259","repostType":4,"repost":{"id":"1107075259","kind":"news","pubTimestamp":1629509852,"share":"https://www.laohu8.com/m/news/1107075259?lang=zh_CN&edition=full","pubTime":"2021-08-21 09:37","market":"us","language":"en","title":"Ignore Elon Musk’s dancing distraction and face the dangers ahead for Tesla<blockquote>忽略Elon Musk跳舞的干扰，面对特斯拉未来的危险</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107075259","media":"MarketWatch","summary":"Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.$Investors$ should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.At $Tesla Motors$’s AI Day late Thursday, self-named Technoking Musk said th","content":"<p>  <b>Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.</b>  <a href=\"https://laohu8.com/S/ISBC\">Investors</a> should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.</p><p><blockquote><b>对自动驾驶系统的调查以及这家电动汽车公司及其首席执行官就此发表的声明比他们最新的异想天开的技术愿望和时间表更值得关注。</b><a href=\"https://laohu8.com/S/ISBC\">投资者</a>应该忽略Elon Musk的最新舞蹈，而是关注特斯拉因首席执行官夸大其公司技术能力而面临的日益严重的问题。</blockquote></p><p> At <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>’s&nbsp;AI Day late Thursday, self-named Technoking Musk said that the company is working on a humanoid robot as “Tesla is arguably the world’s biggest robotics company because our cars are like semi-sentient robots on wheels.”</p><p><blockquote>在<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>周四晚些时候，自称Technoking Musk的马斯克表示，该公司正在开发一款人形机器人，因为“特斯拉可以说是世界上最大的机器人公司，因为我们的汽车就像轮子上的半感知机器人。”</blockquote></p><p> After a white-suited human did a brief dance for the believers in the audience and on a livestream, Musk came on the stage and showed only computer-generated images of a 5’8″ humanoid robot thathe claimed Tesla will produce a prototype of sometime next year. He inferred it could be used for manufacturing or boring repetitive tasks, like grocery shopping and will have a full self-driving computer.</p><p><blockquote>在一名身穿白色西装的人类为观众和直播中的信徒跳了一支简短的舞蹈后，马斯克走上舞台，只展示了一个5英尺8英寸的人形机器人的计算机生成图像，马斯克声称特斯拉将在明年的某个时候生产出一个原型。他推断它可以用于制造或无聊的重复性任务，例如杂货店购物，并且将配备全自动驾驶计算机。</blockquote></p><p> As always with Musk and Tesla, the timeline is highly doubtful to anyone with basic knowledge of the technology in question. Fortunately, the antics did not fool everyone on Wall Street, some of whom may be getting tired of his shenanigans.</p><p><blockquote>和马斯克和特斯拉一样，对于任何对相关技术有基本了解的人来说，时间表都是非常值得怀疑的。幸运的是，这些滑稽动作并没有愚弄华尔街的所有人，其中一些人可能已经厌倦了他的恶作剧。</blockquote></p><p> “Unfortunately, as we have seen with robotaxis and other future sci-fi projects for Musk, we view this&nbsp;Tesla&nbsp;Bot as an absolute head scratcher that will further agitate investors at a time the Street is showing growing concern around rising EV competition and safety issues for&nbsp;Tesla,” said Dan Ives, a Wedbush Securities analyst, in a note to clients early Friday.</p><p><blockquote>“不幸的是，正如我们在机器人出租车和马斯克未来的其他科幻项目中所看到的那样，我们认为这款特斯拉机器人绝对令人挠头，在华尔街对电动汽车竞争和安全日益担忧之际，它将进一步激怒投资者。特斯拉的问题，”韦德布什证券分析师Dan Ives在周五早些时候给客户的一份报告中表示。</blockquote></p><p> The safety issues Ives mentions are what investors should be attuned to right now, because it appears the government is finally stepping up and taking note of a problem this column has long pointed out: Musk repeatedly oversells the current and near-term potential for his automotive autonomy advanced technology.</p><p><blockquote>艾夫斯提到的安全问题是投资者现在应该关注的问题，因为政府似乎终于站出来并注意到本专栏长期以来指出的一个问题：马斯克一再高估其汽车自动驾驶先进技术的当前和近期潜力。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> a day before Thursday’s “AI Day” spectacle,two U.S. senators asked the Federal Trade Commission to investigate both Tesla’s and Musk’s “repeated overstatements of their vehicles’ capabilities”in regards to the marketing of Tesla’s “Full Self Driving” product. Tesla charges thousands of dollars at purchase (or as little as $100 a month) for software that is nowhere near full self-driving, a practice that has already led toa recent review by California Department of Motor Vehiclesanda German ruling that Tesla could not market the product as such.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>在周四“人工智能日”奇观的前一天，两名美国参议员要求联邦贸易委员会调查特斯拉和马斯克在特斯拉“全自动驾驶”产品营销方面“一再夸大其车辆功能”的行为。特斯拉对远未完全自动驾驶的软件在购买时收取数千美元（或每月低至100美元）的费用，这种做法已经导致加州机动车辆管理局最近进行审查，德国裁定特斯拉不能销售该产品本身。</blockquote></p><p> “Language matters,” said Selika Talbott, a professorial lecturer in the department of public administration and policy at <a href=\"https://laohu8.com/S/AFG\">American</a> University in <a href=\"https://laohu8.com/S/WASH\">Washington</a> DC. “The use of this terminology is false and misleading and unsafe for the general public. The notions of assisted driving and autonomous vehicles and their differences are not fully understood by the general public.”</p><p><blockquote>“语言很重要，”塞利卡·塔尔博特(Selika Talbott)说。<a href=\"https://laohu8.com/S/AFG\">美国的</a>大学在<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a>直流电。“这个术语的使用是错误的、误导性的，对公众来说是不安全的。辅助驾驶和自动驾驶汽车的概念及其区别并没有被公众完全理解。”</blockquote></p><p> “Tesla has highly assisted technology in their vehicle, but at no point should anyone behind the wheel think that vehicle can drive itself, because it can’t,” Talbott said.</p><p><blockquote>塔尔博特说：“特斯拉在他们的车辆中配备了高度辅助技术，但任何驾驶人员都不应该认为车辆可以自动驾驶，因为它不能。”</blockquote></p><p> The week began with news of a federal investigation into Tesla’s Autopilot system after cars using the feature crashed into stopped emergency vehicles.The <a href=\"https://laohu8.com/S/NHLD\">National</a> <a href=\"https://laohu8.com/S/HIHO\">Highway</a> Traffic Safety Administration is looking into a series of crashesby Tesla cars that had the advanced driver-assistance system enabled. NHTSA said that itopened an inquiry into 11 Tesla crashesthat involved emergency vehicles, while still investigating a series of collisions involving cars enabled with <a href=\"https://laohu8.com/S/AEIS\">Advanced</a> Driver Assistance Systems (ADAS) and tractor-trailers.</p><p><blockquote>本周伊始，有消息称，使用该功能的汽车撞上了停下来的紧急车辆，联邦政府对特斯拉的自动驾驶系统进行了调查。<a href=\"https://laohu8.com/S/NHLD\">国家的</a><a href=\"https://laohu8.com/S/HIHO\">公路</a>交通安全管理局正在调查一系列启用了高级驾驶员辅助系统的特斯拉汽车发生的撞车事故。NHTSA表示，已对11起涉及紧急车辆的特斯拉事故展开调查，同时仍在调查一系列涉及启用紧急车辆的汽车的碰撞事故<a href=\"https://laohu8.com/S/AEIS\">先进的</a>驾驶员辅助系统（ADAS）和牵引车拖车。</blockquote></p><p> The latest outcry on Capitol <a href=\"https://laohu8.com/S/HIL\">Hill</a> follows a stream of news reports and/or social media posts and YouTube videos of drivers engaging in extremely risky behavior while testing the so-called self-driving features of their Tesla. In May, Steven Michael Hendrickson,a 35-year-old father of two in Fontana, Calif., died when his Tesla hit an overturned semitruck. Earlier he had posted videos of driving without his hands on the wheel of his car on the freeway, but the NHTSA was still investigating the role of Autopilot in the crash.</p><p><blockquote>国会大厦的最新抗议<a href=\"https://laohu8.com/S/HIL\">山丘</a>关注一系列新闻报道和/或社交媒体帖子和YouTube视频，这些视频显示司机在测试特斯拉的所谓自动驾驶功能时做出了极其危险的行为。今年5月，加利福尼亚州丰塔纳市35岁的两个孩子的父亲Steven Michael Hendrickson在他的特斯拉撞上一辆翻倒的半挂卡车时死亡。早些时候，他发布了在高速公路上双手不放在方向盘上驾驶的视频，但NHTSA仍在调查自动驾驶仪在事故中的作用。</blockquote></p><p> “The vehicles that Tesla is producing are driver-assisted systems,” said Bryan Reimer, a research scientist at the MIT Center for Transportation and Logistics. “They are assisting the driver, and the driver needs to maintain vigilance.”</p><p><blockquote>“特斯拉正在生产的车辆是驾驶辅助系统，”麻省理工学院运输和物流中心的研究科学家布莱恩·赖默说。“他们在协助司机，司机需要保持警惕。”</blockquote></p><p></p><p> It is important to note the difference between Tesla’s dual products with misleading names. “Autopilot” is an ADAS system, a highly advanced version of cruise control meant for highway driving that enables “your car to steer, accelerate and brake automatically within its lane under your active supervision, assisting with the most burdensome parts of driving,” according to Tesla’s website. Tesla also offers the “FSD” package, now available by a subscription of $99 to $199 a month, which it describes as “access to a suite of more advanced driver assistance features, designed to provide more active guidance and assisted driving under your active supervision.”</p><p><blockquote>值得注意的是，特斯拉具有误导性名称的双产品之间的差异。“Autopilot”是一种ADAS系统，是一种高度先进的巡航控制版本，适用于高速公路驾驶，使“您的汽车能够在您的主动监督下在车道内自动转向、加速和制动，协助驾驶中最繁重的部分”。特斯拉的网站。特斯拉还提供“FSD”套餐，现在每月订阅费用为99至199美元，其将其描述为“访问一套更先进的驾驶员辅助功能，旨在在您的主动监督下提供更主动的指导和辅助驾驶。”</blockquote></p><p> If only Musk described these systems in a similar manner to the official website. In analyst conference calls and in Tesla’s multi-hour long presentations to its fan base, Musk has been proclaiming that with this software, full autonomy is around the corner.</p><p><blockquote>要是马斯克用和官网类似的方式描述这些系统就好了。在评级分析师会议上以及特斯拉向其粉丝群进行的长达数小时的演示中，马斯克一直宣称，有了这款软件，完全自主指日可待。</blockquote></p><p> “We&nbsp;basically&nbsp;have&nbsp;to&nbsp;solve&nbsp;real-world vision AI and we are,” he said in an earnings call in April. “And the key to solving this is also having some massive data set. So just having well over <a href=\"https://laohu8.com/S/AONE.U\">one</a> million cars on the road that are collecting data… But I am highly confident that we&nbsp;will&nbsp;get&nbsp;this&nbsp;done.”</p><p><blockquote>“我们基本上必须解决现实世界的视觉人工智能，我们确实做到了，”他在4月份的财报看涨期权上表示。“解决这个问题的关键还在于拥有一些大规模的数据集。所以只要有足够的数据集<a href=\"https://laohu8.com/S/AONE.U\">一</a>道路上有数百万辆汽车正在收集数据……但我非常有信心我们能够完成这项工作。”</blockquote></p><p> But for all of Musk’s bluster and huge fan base, investors are starting to note that the company’s tactics involving full self-driving technology are dangerous, as opposed to the other companies that are testing autonomous vehicles.</p><p><blockquote>但尽管马斯克夸夸其谈，拥有庞大的粉丝群，但投资者开始注意到，与其他正在测试自动驾驶汽车的公司相比，该公司涉及全自动驾驶技术的策略是危险的。</blockquote></p><p> For example, <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc.’sGOOGGOOGLWaymo, the company with the most hours of autonomous vehicle driving, is currently operating a small scale robotaxi service in parts of Arizona around Phoenix that are not densely populated, without human drivers. It is the only one of its kind in the U.S. In California, Waymo has permits from the DMV to conduct AV testing with a human driver behind the wheel.</p><p><blockquote>例如，<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>Inc.旗下的GOOGGOOGLWaymo是自动驾驶汽车时间最长的公司，目前正在亚利桑那州凤凰城周围人口不稠密的地区运营小规模机器人出租车服务，没有人类司机。这是美国唯一一家此类公司。在加利福尼亚州，Waymo获得了DMV的许可，可以在人类驾驶员驾驶的情况下进行AV测试。</blockquote></p><p> “Waymo cannot just start selling their AVs to anyone, and they can’t just drive them on the roadway, our regulatory system does not allow for that,” Talbott of <a href=\"https://laohu8.com/S/AMSWA\">American</a> University said. “You can test them but no publicly available self-driving car is on the market for purchase because it doesn’t exist.”</p><p><blockquote>“Waymo不能开始向任何人出售他们的自动驾驶汽车，他们也不能只是在道路上驾驶它们，我们的监管体系不允许这样做，”<a href=\"https://laohu8.com/S/AMSWA\">美国的</a>大学表示。“你可以测试它们，但市场上没有公开的自动驾驶汽车可供购买，因为它不存在。”</blockquote></p><p> With FSD testing being done in the real world with untrained drivers, Tesla is conducting the equivalent of clinical trials of a new drug without any professional hourly or daily monitoring of the patient.</p><p><blockquote>随着FSD测试在现实世界中由未经训练的驾驶员进行，特斯拉正在进行相当于新药临床试验的试验，而无需对患者进行任何专业的每小时或每天监测。</blockquote></p><p> “They are calling it beta, it is a beta system, they are exposing people to substantive risk,” Reimer said.</p><p><blockquote>“他们称之为测试版，这是一个测试版系统，他们让人们面临重大风险，”赖默说。</blockquote></p><p> Musk’s latest bot is yet another distraction, much like the flame thrower in 2018 sold by his Boring Company, his unwanted assistance to try and help the boys stuck in a cave in Thailand, and other projects. Investors should not let these distractions get in the way of the real issues that Musk seems to be refusing to acknowledge as he continues to oversell his company’s technological abilities.</p><p><blockquote>马斯克的最新机器人是另一个干扰，就像他的Boring Company在2018年出售的火焰喷射器、他试图帮助被困在泰国洞穴中的男孩的不必要的帮助以及其他项目一样。投资者不应该让这些干扰妨碍马斯克似乎拒绝承认的真正问题，因为他继续夸大公司的技术能力。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Elon Musk’s dancing distraction and face the dangers ahead for Tesla<blockquote>忽略Elon Musk跳舞的干扰，面对特斯拉未来的危险</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Elon Musk’s dancing distraction and face the dangers ahead for Tesla<blockquote>忽略Elon Musk跳舞的干扰，面对特斯拉未来的危险</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-21 09:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.</b>  <a href=\"https://laohu8.com/S/ISBC\">Investors</a> should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.</p><p><blockquote><b>对自动驾驶系统的调查以及这家电动汽车公司及其首席执行官就此发表的声明比他们最新的异想天开的技术愿望和时间表更值得关注。</b><a href=\"https://laohu8.com/S/ISBC\">投资者</a>应该忽略Elon Musk的最新舞蹈，而是关注特斯拉因首席执行官夸大其公司技术能力而面临的日益严重的问题。</blockquote></p><p> At <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>’s&nbsp;AI Day late Thursday, self-named Technoking Musk said that the company is working on a humanoid robot as “Tesla is arguably the world’s biggest robotics company because our cars are like semi-sentient robots on wheels.”</p><p><blockquote>在<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>周四晚些时候，自称Technoking Musk的马斯克表示，该公司正在开发一款人形机器人，因为“特斯拉可以说是世界上最大的机器人公司，因为我们的汽车就像轮子上的半感知机器人。”</blockquote></p><p> After a white-suited human did a brief dance for the believers in the audience and on a livestream, Musk came on the stage and showed only computer-generated images of a 5’8″ humanoid robot thathe claimed Tesla will produce a prototype of sometime next year. He inferred it could be used for manufacturing or boring repetitive tasks, like grocery shopping and will have a full self-driving computer.</p><p><blockquote>在一名身穿白色西装的人类为观众和直播中的信徒跳了一支简短的舞蹈后，马斯克走上舞台，只展示了一个5英尺8英寸的人形机器人的计算机生成图像，马斯克声称特斯拉将在明年的某个时候生产出一个原型。他推断它可以用于制造或无聊的重复性任务，例如杂货店购物，并且将配备全自动驾驶计算机。</blockquote></p><p> As always with Musk and Tesla, the timeline is highly doubtful to anyone with basic knowledge of the technology in question. Fortunately, the antics did not fool everyone on Wall Street, some of whom may be getting tired of his shenanigans.</p><p><blockquote>和马斯克和特斯拉一样，对于任何对相关技术有基本了解的人来说，时间表都是非常值得怀疑的。幸运的是，这些滑稽动作并没有愚弄华尔街的所有人，其中一些人可能已经厌倦了他的恶作剧。</blockquote></p><p> “Unfortunately, as we have seen with robotaxis and other future sci-fi projects for Musk, we view this&nbsp;Tesla&nbsp;Bot as an absolute head scratcher that will further agitate investors at a time the Street is showing growing concern around rising EV competition and safety issues for&nbsp;Tesla,” said Dan Ives, a Wedbush Securities analyst, in a note to clients early Friday.</p><p><blockquote>“不幸的是，正如我们在机器人出租车和马斯克未来的其他科幻项目中所看到的那样，我们认为这款特斯拉机器人绝对令人挠头，在华尔街对电动汽车竞争和安全日益担忧之际，它将进一步激怒投资者。特斯拉的问题，”韦德布什证券分析师Dan Ives在周五早些时候给客户的一份报告中表示。</blockquote></p><p> The safety issues Ives mentions are what investors should be attuned to right now, because it appears the government is finally stepping up and taking note of a problem this column has long pointed out: Musk repeatedly oversells the current and near-term potential for his automotive autonomy advanced technology.</p><p><blockquote>艾夫斯提到的安全问题是投资者现在应该关注的问题，因为政府似乎终于站出来并注意到本专栏长期以来指出的一个问题：马斯克一再高估其汽车自动驾驶先进技术的当前和近期潜力。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> a day before Thursday’s “AI Day” spectacle,two U.S. senators asked the Federal Trade Commission to investigate both Tesla’s and Musk’s “repeated overstatements of their vehicles’ capabilities”in regards to the marketing of Tesla’s “Full Self Driving” product. Tesla charges thousands of dollars at purchase (or as little as $100 a month) for software that is nowhere near full self-driving, a practice that has already led toa recent review by California Department of Motor Vehiclesanda German ruling that Tesla could not market the product as such.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>在周四“人工智能日”奇观的前一天，两名美国参议员要求联邦贸易委员会调查特斯拉和马斯克在特斯拉“全自动驾驶”产品营销方面“一再夸大其车辆功能”的行为。特斯拉对远未完全自动驾驶的软件在购买时收取数千美元（或每月低至100美元）的费用，这种做法已经导致加州机动车辆管理局最近进行审查，德国裁定特斯拉不能销售该产品本身。</blockquote></p><p> “Language matters,” said Selika Talbott, a professorial lecturer in the department of public administration and policy at <a href=\"https://laohu8.com/S/AFG\">American</a> University in <a href=\"https://laohu8.com/S/WASH\">Washington</a> DC. “The use of this terminology is false and misleading and unsafe for the general public. The notions of assisted driving and autonomous vehicles and their differences are not fully understood by the general public.”</p><p><blockquote>“语言很重要，”塞利卡·塔尔博特(Selika Talbott)说。<a href=\"https://laohu8.com/S/AFG\">美国的</a>大学在<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a>直流电。“这个术语的使用是错误的、误导性的，对公众来说是不安全的。辅助驾驶和自动驾驶汽车的概念及其区别并没有被公众完全理解。”</blockquote></p><p> “Tesla has highly assisted technology in their vehicle, but at no point should anyone behind the wheel think that vehicle can drive itself, because it can’t,” Talbott said.</p><p><blockquote>塔尔博特说：“特斯拉在他们的车辆中配备了高度辅助技术，但任何驾驶人员都不应该认为车辆可以自动驾驶，因为它不能。”</blockquote></p><p> The week began with news of a federal investigation into Tesla’s Autopilot system after cars using the feature crashed into stopped emergency vehicles.The <a href=\"https://laohu8.com/S/NHLD\">National</a> <a href=\"https://laohu8.com/S/HIHO\">Highway</a> Traffic Safety Administration is looking into a series of crashesby Tesla cars that had the advanced driver-assistance system enabled. NHTSA said that itopened an inquiry into 11 Tesla crashesthat involved emergency vehicles, while still investigating a series of collisions involving cars enabled with <a href=\"https://laohu8.com/S/AEIS\">Advanced</a> Driver Assistance Systems (ADAS) and tractor-trailers.</p><p><blockquote>本周伊始，有消息称，使用该功能的汽车撞上了停下来的紧急车辆，联邦政府对特斯拉的自动驾驶系统进行了调查。<a href=\"https://laohu8.com/S/NHLD\">国家的</a><a href=\"https://laohu8.com/S/HIHO\">公路</a>交通安全管理局正在调查一系列启用了高级驾驶员辅助系统的特斯拉汽车发生的撞车事故。NHTSA表示，已对11起涉及紧急车辆的特斯拉事故展开调查，同时仍在调查一系列涉及启用紧急车辆的汽车的碰撞事故<a href=\"https://laohu8.com/S/AEIS\">先进的</a>驾驶员辅助系统（ADAS）和牵引车拖车。</blockquote></p><p> The latest outcry on Capitol <a href=\"https://laohu8.com/S/HIL\">Hill</a> follows a stream of news reports and/or social media posts and YouTube videos of drivers engaging in extremely risky behavior while testing the so-called self-driving features of their Tesla. In May, Steven Michael Hendrickson,a 35-year-old father of two in Fontana, Calif., died when his Tesla hit an overturned semitruck. Earlier he had posted videos of driving without his hands on the wheel of his car on the freeway, but the NHTSA was still investigating the role of Autopilot in the crash.</p><p><blockquote>国会大厦的最新抗议<a href=\"https://laohu8.com/S/HIL\">山丘</a>关注一系列新闻报道和/或社交媒体帖子和YouTube视频，这些视频显示司机在测试特斯拉的所谓自动驾驶功能时做出了极其危险的行为。今年5月，加利福尼亚州丰塔纳市35岁的两个孩子的父亲Steven Michael Hendrickson在他的特斯拉撞上一辆翻倒的半挂卡车时死亡。早些时候，他发布了在高速公路上双手不放在方向盘上驾驶的视频，但NHTSA仍在调查自动驾驶仪在事故中的作用。</blockquote></p><p> “The vehicles that Tesla is producing are driver-assisted systems,” said Bryan Reimer, a research scientist at the MIT Center for Transportation and Logistics. “They are assisting the driver, and the driver needs to maintain vigilance.”</p><p><blockquote>“特斯拉正在生产的车辆是驾驶辅助系统，”麻省理工学院运输和物流中心的研究科学家布莱恩·赖默说。“他们在协助司机，司机需要保持警惕。”</blockquote></p><p></p><p> It is important to note the difference between Tesla’s dual products with misleading names. “Autopilot” is an ADAS system, a highly advanced version of cruise control meant for highway driving that enables “your car to steer, accelerate and brake automatically within its lane under your active supervision, assisting with the most burdensome parts of driving,” according to Tesla’s website. Tesla also offers the “FSD” package, now available by a subscription of $99 to $199 a month, which it describes as “access to a suite of more advanced driver assistance features, designed to provide more active guidance and assisted driving under your active supervision.”</p><p><blockquote>值得注意的是，特斯拉具有误导性名称的双产品之间的差异。“Autopilot”是一种ADAS系统，是一种高度先进的巡航控制版本，适用于高速公路驾驶，使“您的汽车能够在您的主动监督下在车道内自动转向、加速和制动，协助驾驶中最繁重的部分”。特斯拉的网站。特斯拉还提供“FSD”套餐，现在每月订阅费用为99至199美元，其将其描述为“访问一套更先进的驾驶员辅助功能，旨在在您的主动监督下提供更主动的指导和辅助驾驶。”</blockquote></p><p> If only Musk described these systems in a similar manner to the official website. In analyst conference calls and in Tesla’s multi-hour long presentations to its fan base, Musk has been proclaiming that with this software, full autonomy is around the corner.</p><p><blockquote>要是马斯克用和官网类似的方式描述这些系统就好了。在评级分析师会议上以及特斯拉向其粉丝群进行的长达数小时的演示中，马斯克一直宣称，有了这款软件，完全自主指日可待。</blockquote></p><p> “We&nbsp;basically&nbsp;have&nbsp;to&nbsp;solve&nbsp;real-world vision AI and we are,” he said in an earnings call in April. “And the key to solving this is also having some massive data set. So just having well over <a href=\"https://laohu8.com/S/AONE.U\">one</a> million cars on the road that are collecting data… But I am highly confident that we&nbsp;will&nbsp;get&nbsp;this&nbsp;done.”</p><p><blockquote>“我们基本上必须解决现实世界的视觉人工智能，我们确实做到了，”他在4月份的财报看涨期权上表示。“解决这个问题的关键还在于拥有一些大规模的数据集。所以只要有足够的数据集<a href=\"https://laohu8.com/S/AONE.U\">一</a>道路上有数百万辆汽车正在收集数据……但我非常有信心我们能够完成这项工作。”</blockquote></p><p> But for all of Musk’s bluster and huge fan base, investors are starting to note that the company’s tactics involving full self-driving technology are dangerous, as opposed to the other companies that are testing autonomous vehicles.</p><p><blockquote>但尽管马斯克夸夸其谈，拥有庞大的粉丝群，但投资者开始注意到，与其他正在测试自动驾驶汽车的公司相比，该公司涉及全自动驾驶技术的策略是危险的。</blockquote></p><p> For example, <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc.’sGOOGGOOGLWaymo, the company with the most hours of autonomous vehicle driving, is currently operating a small scale robotaxi service in parts of Arizona around Phoenix that are not densely populated, without human drivers. It is the only one of its kind in the U.S. In California, Waymo has permits from the DMV to conduct AV testing with a human driver behind the wheel.</p><p><blockquote>例如，<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>Inc.旗下的GOOGGOOGLWaymo是自动驾驶汽车时间最长的公司，目前正在亚利桑那州凤凰城周围人口不稠密的地区运营小规模机器人出租车服务，没有人类司机。这是美国唯一一家此类公司。在加利福尼亚州，Waymo获得了DMV的许可，可以在人类驾驶员驾驶的情况下进行AV测试。</blockquote></p><p> “Waymo cannot just start selling their AVs to anyone, and they can’t just drive them on the roadway, our regulatory system does not allow for that,” Talbott of <a href=\"https://laohu8.com/S/AMSWA\">American</a> University said. “You can test them but no publicly available self-driving car is on the market for purchase because it doesn’t exist.”</p><p><blockquote>“Waymo不能开始向任何人出售他们的自动驾驶汽车，他们也不能只是在道路上驾驶它们，我们的监管体系不允许这样做，”<a href=\"https://laohu8.com/S/AMSWA\">美国的</a>大学表示。“你可以测试它们，但市场上没有公开的自动驾驶汽车可供购买，因为它不存在。”</blockquote></p><p> With FSD testing being done in the real world with untrained drivers, Tesla is conducting the equivalent of clinical trials of a new drug without any professional hourly or daily monitoring of the patient.</p><p><blockquote>随着FSD测试在现实世界中由未经训练的驾驶员进行，特斯拉正在进行相当于新药临床试验的试验，而无需对患者进行任何专业的每小时或每天监测。</blockquote></p><p> “They are calling it beta, it is a beta system, they are exposing people to substantive risk,” Reimer said.</p><p><blockquote>“他们称之为测试版，这是一个测试版系统，他们让人们面临重大风险，”赖默说。</blockquote></p><p> Musk’s latest bot is yet another distraction, much like the flame thrower in 2018 sold by his Boring Company, his unwanted assistance to try and help the boys stuck in a cave in Thailand, and other projects. Investors should not let these distractions get in the way of the real issues that Musk seems to be refusing to acknowledge as he continues to oversell his company’s technological abilities.</p><p><blockquote>马斯克的最新机器人是另一个干扰，就像他的Boring Company在2018年出售的火焰喷射器、他试图帮助被困在泰国洞穴中的男孩的不必要的帮助以及其他项目一样。投资者不应该让这些干扰妨碍马斯克似乎拒绝承认的真正问题，因为他继续夸大公司的技术能力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/ignore-elon-musks-dancing-distraction-and-face-the-dangers-ahead-for-tesla-11629488276?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/ignore-elon-musks-dancing-distraction-and-face-the-dangers-ahead-for-tesla-11629488276?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1107075259","content_text":"Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.\n\nInvestors should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.\nAt Tesla Motors’s AI Day late Thursday, self-named Technoking Musk said that the company is working on a humanoid robot as “Tesla is arguably the world’s biggest robotics company because our cars are like semi-sentient robots on wheels.”\nAfter a white-suited human did a brief dance for the believers in the audience and on a livestream, Musk came on the stage and showed only computer-generated images of a 5’8″ humanoid robot thathe claimed Tesla will produce a prototype of sometime next year. He inferred it could be used for manufacturing or boring repetitive tasks, like grocery shopping and will have a full self-driving computer.\nAs always with Musk and Tesla, the timeline is highly doubtful to anyone with basic knowledge of the technology in question. Fortunately, the antics did not fool everyone on Wall Street, some of whom may be getting tired of his shenanigans.\n“Unfortunately, as we have seen with robotaxis and other future sci-fi projects for Musk, we view this Tesla Bot as an absolute head scratcher that will further agitate investors at a time the Street is showing growing concern around rising EV competition and safety issues for Tesla,” said Dan Ives, a Wedbush Securities analyst, in a note to clients early Friday.\nThe safety issues Ives mentions are what investors should be attuned to right now, because it appears the government is finally stepping up and taking note of a problem this column has long pointed out: Musk repeatedly oversells the current and near-term potential for his automotive autonomy advanced technology.\nJust a day before Thursday’s “AI Day” spectacle,two U.S. senators asked the Federal Trade Commission to investigate both Tesla’s and Musk’s “repeated overstatements of their vehicles’ capabilities”in regards to the marketing of Tesla’s “Full Self Driving” product. Tesla charges thousands of dollars at purchase (or as little as $100 a month) for software that is nowhere near full self-driving, a practice that has already led toa recent review by California Department of Motor Vehiclesanda German ruling that Tesla could not market the product as such.\n“Language matters,” said Selika Talbott, a professorial lecturer in the department of public administration and policy at American University in Washington DC. “The use of this terminology is false and misleading and unsafe for the general public. The notions of assisted driving and autonomous vehicles and their differences are not fully understood by the general public.”\n“Tesla has highly assisted technology in their vehicle, but at no point should anyone behind the wheel think that vehicle can drive itself, because it can’t,” Talbott said.\nThe week began with news of a federal investigation into Tesla’s Autopilot system after cars using the feature crashed into stopped emergency vehicles.The National Highway Traffic Safety Administration is looking into a series of crashesby Tesla cars that had the advanced driver-assistance system enabled. NHTSA said that itopened an inquiry into 11 Tesla crashesthat involved emergency vehicles, while still investigating a series of collisions involving cars enabled with Advanced Driver Assistance Systems (ADAS) and tractor-trailers.\nThe latest outcry on Capitol Hill follows a stream of news reports and/or social media posts and YouTube videos of drivers engaging in extremely risky behavior while testing the so-called self-driving features of their Tesla. In May, Steven Michael Hendrickson,a 35-year-old father of two in Fontana, Calif., died when his Tesla hit an overturned semitruck. Earlier he had posted videos of driving without his hands on the wheel of his car on the freeway, but the NHTSA was still investigating the role of Autopilot in the crash.\n“The vehicles that Tesla is producing are driver-assisted systems,” said Bryan Reimer, a research scientist at the MIT Center for Transportation and Logistics. “They are assisting the driver, and the driver needs to maintain vigilance.”\nIt is important to note the difference between Tesla’s dual products with misleading names. “Autopilot” is an ADAS system, a highly advanced version of cruise control meant for highway driving that enables “your car to steer, accelerate and brake automatically within its lane under your active supervision, assisting with the most burdensome parts of driving,” according to Tesla’s website. Tesla also offers the “FSD” package, now available by a subscription of $99 to $199 a month, which it describes as “access to a suite of more advanced driver assistance features, designed to provide more active guidance and assisted driving under your active supervision.”\nIf only Musk described these systems in a similar manner to the official website. In analyst conference calls and in Tesla’s multi-hour long presentations to its fan base, Musk has been proclaiming that with this software, full autonomy is around the corner.\n“We basically have to solve real-world vision AI and we are,” he said in an earnings call in April. “And the key to solving this is also having some massive data set. So just having well over one million cars on the road that are collecting data… But I am highly confident that we will get this done.”\nBut for all of Musk’s bluster and huge fan base, investors are starting to note that the company’s tactics involving full self-driving technology are dangerous, as opposed to the other companies that are testing autonomous vehicles.\nFor example, Alphabet Inc.’sGOOGGOOGLWaymo, the company with the most hours of autonomous vehicle driving, is currently operating a small scale robotaxi service in parts of Arizona around Phoenix that are not densely populated, without human drivers. It is the only one of its kind in the U.S. In California, Waymo has permits from the DMV to conduct AV testing with a human driver behind the wheel.\n“Waymo cannot just start selling their AVs to anyone, and they can’t just drive them on the roadway, our regulatory system does not allow for that,” Talbott of American University said. “You can test them but no publicly available self-driving car is on the market for purchase because it doesn’t exist.”\nWith FSD testing being done in the real world with untrained drivers, Tesla is conducting the equivalent of clinical trials of a new drug without any professional hourly or daily monitoring of the patient.\n“They are calling it beta, it is a beta system, they are exposing people to substantive risk,” Reimer said.\nMusk’s latest bot is yet another distraction, much like the flame thrower in 2018 sold by his Boring Company, his unwanted assistance to try and help the boys stuck in a cave in Thailand, and other projects. Investors should not let these distractions get in the way of the real issues that Musk seems to be refusing to acknowledge as he continues to oversell his company’s technological abilities.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836537826,"gmtCreate":1629506520965,"gmtModify":1631884085581,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Pfizer may not be better too...(Like my comment please)","listText":"Pfizer may not be better too...(Like my comment please)","text":"Pfizer may not be better too...(Like my comment please)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836537826","repostId":"2160710721","repostType":4,"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830410826,"gmtCreate":1629088658565,"gmtModify":1633687484755,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"More subsea cables is good for Sg","listText":"More subsea cables is good for Sg","text":"More subsea cables is good for Sg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830410826","repostId":"2159246152","repostType":4,"isVote":1,"tweetType":1,"viewCount":471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830815722,"gmtCreate":1629043637366,"gmtModify":1633687804806,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Say yea to gender equality and safety in workplace","listText":"Say yea to gender equality and safety in workplace","text":"Say yea to gender equality and safety in workplace","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830815722","repostId":"2159214118","repostType":4,"isVote":1,"tweetType":1,"viewCount":644,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830815101,"gmtCreate":1629043590303,"gmtModify":1633687805297,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830815101","repostId":"1138531277","repostType":4,"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830815045,"gmtCreate":1629043513587,"gmtModify":1633687805642,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"No idea","listText":"No idea","text":"No idea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830815045","repostId":"1133270372","repostType":4,"repost":{"id":"1133270372","kind":"news","pubTimestamp":1628988501,"share":"https://www.laohu8.com/m/news/1133270372?lang=zh_CN&edition=full","pubTime":"2021-08-15 08:48","market":"us","language":"en","title":"Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133270372","media":"seekingalpha","summary":"Summary\n\nPlug Power is active in an attractive industry with huge growth tailwinds.\nIt serves low-ri","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Plug Power is active in an attractive industry with huge growth tailwinds.</li>  <li>It serves low-risk customers and has a strong position in its industry.</li>  <li>Shares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fa1aea5535d99338f385c168062b218\" tg-width=\"1536\" tg-height=\"852\" referrerpolicy=\"no-referrer\"><span>Fokusiert/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源活跃在一个具有巨大增长动力的有吸引力的行业中。</li><li>它服务于低风险客户，在行业中拥有强大的地位。</li><li>股价反映了未来的大量增长，投资者在以当前估值配置资金之前应该考虑实际每股回报可能是什么样子。</li></ul><p class=\"t-img-caption\"><span>Fokusiert/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Plug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.</p><p><blockquote>普拉格能源公司（PLUG）活跃于高增长行业，只要公司能够实现其目标并且管理层执行良好，这就意味着强劲的长期业务增长前景。然而，该公司尚未盈利，实现有意义的净利润的道路仍然存在一些不确定性。从更长远的角度来看，我们可以预计普拉格能源将产生正的净利润，尽管该公司目前的估值相对较高。不过，从风险回报的角度来看，可能有更好的选择，尽管我相信2031年股价将大幅走高。</blockquote></p><p> <b>Plug Power Stock Price</b></p><p><blockquote><b>普拉格能源股价</b></blockquote></p><p> Plug Power, Inc. has seen its share price move up and down violently over the last year:</p><p><blockquote>去年，普拉格能源公司的股价剧烈上下波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d940297249151eddcccf6440d20ef031\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.</p><p><blockquote>股价比12个月前上涨了130%，但与此同时，股价仅为今天历史高点的三分之一。2021年初，其他可再生能源/新能源及相关股票（包括电动汽车）受益于投资者的巨大热情，股价大幅上涨。此后，热情似乎有所降温，股价又回到了20多美元。按目前价格计算，普拉格能源公司的估值为160亿美元，稀释后的股票数量略低于6亿股。分析师目前非常看好该股，因为41美元的一致目标价意味着明年较当前价格有50%左右的上涨潜力。但值得注意的是，近几个月来分析师一致的目标价已被下调，并且未来可能会继续下调。由于不存在利润，PLUG无法以盈利为基础进行估值，但股价约为今年收入的30倍，这相当昂贵。</blockquote></p><p> <b>Plug Power Stock Prediction</b></p><p><blockquote><b>普拉格能源股票预测</b></blockquote></p><p> Plug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:</p><p><blockquote>普拉格能源公司活跃在一个绝对增长的行业，因为氢燃料电池将在未来几年看到巨大的需求增长，因为它们允许作为其他燃料的环保替代品。普拉格能源作为该技术市场领先地位的交钥匙供应商，完全有能力利用这一大趋势。通过包括Brookfield Renewable Partners(BEP)在内的全球合作伙伴网络，普拉格能源正在致力于在全球范围内发展绿色氢产业：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91a8e3b57882e429c9eace431bd1f541\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Plug Power presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：普拉格能源演示</span></p></blockquote></p><p> Plug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.</p><p><blockquote>普拉格能源的绿色氢可用于为卡车、公共汽车和其他车辆提供动力，同时该公司还为公用事业公司使用的兆瓦级柴油发电机提供环保替代品。除此之外，该公司还致力于其他尚未准备好商业化的项目，例如用氢气为飞机提供动力。2024年，即三年后，普拉格能源将在美国运营至少5座氢气厂，美国以及欧洲等海外市场正在建设更多项目。</blockquote></p><p> 80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.</p><p><blockquote>普拉格能源80%的客户是该公司的评级蓝筹客户，其中包括亚马逊（AMZN）等公司。这些公司通常非常倾向于改善其二氧化碳足迹，以获得更好的ESG评级，同时，这些公司是低风险客户，因为其强劲的资产负债表和现金流意味着流动性或偿付能力问题的风险可以忽略不计。总体而言，普拉格能源因此与有吸引力的同行合作，他们的财务火力意味着普拉格能源不会被迫以便宜的价格出售其产品，这就是为什么该公司最近几个季度能够产生相对有吸引力的产品毛利率在30年代。</blockquote></p><p></p><p> Due to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.</p><p><blockquote>然而，由于公司规模仍然相对较小，普拉格能源在净利润或运营基础上均未盈利。相对于普拉格能源产生的收入，该公司的运营费用目前仍然过高。然而，这种情况应该会随着时间的推移而改变，因为运营杠杆和产品利润率的提高应该会使普拉格能源的毛利润相对于运营费用增长，从而提高盈利能力。分析师目前预测2024财年（即三年后）净利润为正。当然，如果普拉格能源已经达到了这一点，那就更好了，但对于长期投资者来说，再有两年的负利润并不是一场灾难。</blockquote></p><p> When investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:</p><p><blockquote>在投资普拉格能源这样的公司时，短期并不太重要，但更重要的是公司收入和利润增长的长期潜力。通过ESG顺风、大规模市场增长及其市场领导地位的结合，普拉格能源似乎处于有利地位，可以在未来许多年增加收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d6f0576ba51f219d85b18d90ccaf6f4\" tg-width=\"640\" tg-height=\"628\" width=\"100%\" height=\"auto\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Analysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.</p><p><blockquote>分析师目前预测，未来三年收入将以每年50%以上的速度增长，而至少到2030年，增长率预计将保持近30%，这相当于极具吸引力的长期增长前景。当然，不能保证这种情况确实会发生，因为商业模式的一些风险仍然存在。该公司尚未盈利，因此未来增长项目的资金理论上可能会成为一个问题。最重要的是，其他财力雄厚的参与者可能会试图扰乱市场或获得市场份额。我相信，由于普拉格能源的领导地位，这种风险并不是很大。但如果市场竞争变得更加激烈，非盈利的普拉格能源如果遭遇市场份额争夺战，可能会给利润率带来压力，可能会遇到问题。</blockquote></p><p> Some execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.</p><p><blockquote>因此，一些执行风险确实仍然存在，投资者不应将上述增长预测视为绝对可靠的清晰预测。然而，相反，上述预测展示了基本情况可能是什么样子，实际结果可能比这更好或更差。总体而言，可以说普拉格能源业务的长期前景非常好，因为随着投资者、公司和消费者越来越重视更小的碳足迹，该公司应该能够在未来许多年以有吸引力的速度增长。然而，一个行业明显的增长前景并不会自动转化为股价上涨。例如，那些在互联网泡沫期间高位购买思科(CSCO)股票的公司，尽管该业务在此期间经历了巨大增长，但22年后的今天仍然处于亏损状态。估值也应该考虑，普拉格能源今天的价格远非便宜。</blockquote></p><p> <b>Plug Power Stock Forecast For 2030</b></p><p><blockquote><b>2030年普拉格能源股票预测</b></blockquote></p><p> Today, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.</p><p><blockquote>如今，普拉格能源的股价约为今年预期收入的32倍。如果这是市盈率，相对于公司的平均估值，该股仍然不会特别便宜。以超过30倍的销售额计算，股价确实看起来非常昂贵。当我们考虑PLUG未来十年的增长前景时，这在某种程度上是相对的，但我相信股价仍高于公允价值。</blockquote></p><p> If the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.</p><p><blockquote>如果分析师对2030年收入的一致估计是正确的，为105亿美元，那么目前股价的交易价格约为2030年收入的1.5倍。许多工业公司目前的交易价格是今年收入的1至2倍，这表明PLUG的股票已经反映了未来的增长。当然，人们可以说，PLUG在2030年的增长前景可能仍好于当今的普通公司，因为PLUG很有可能在2030年之后以两位数的速度增长。但我相信，PLUG股价在未来十年的上涨空间不会太大。</blockquote></p><p></p><p> If PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.</p><p><blockquote>如果PLUG在2030年的交易收入仍然相对较高的3.5倍，那么我们的市值估计约为370亿美元，大约是今天的2.3倍。然而，PLUG的股票数量在未来十年不会保持不变，这就是为什么每股回报率将低于这一数字。如果我们假设股票数量每年仅增长2%，那么2030年的股票数量将略高于7亿股。在370亿美元的市值下，每只股票的交易价格约为53美元，这意味着从今天起的回报率约为100%。按年计算，这相当于8%的回报率。8%的年回报率远非坏事，但要实现这一目标，许多事情必须顺利进行——PLUG必须执行良好，交付增长项目，并避免大规模股票发行。当我们还考虑到这一估计需要2030年仍然相当高的3.5倍销售倍数时，我相信这些回报还不足以保证买入评级。8%的回报可能来自风险非常低、不确定性非常低的蓝筹股，但这里的情况并非如此。作为参考，如果PLUG执行良好并达到增长预期，但其股价在2030年的交易价格为销售额的2.5倍，那么假设年稀释2%，股价将为37美元，这相当于年回报率仅为4%。仅去年一年，PLUG的股票数量就增加了约50%，尽管我预计未来几年不会出现类似的稀释，但PLUG的股票数量至少有可能每年大幅增加2%以上，这将进一步给回报带来压力。</blockquote></p><p> Overall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.</p><p><blockquote>总体而言，我不认为投资者在未来十年或更长时间内会因PLUG而亏损。但我也不相信投资者会在这段时间内看到非常有吸引力的回报，尽管普拉格能源的基本业务增长前景非常有吸引力。股票已经反映了未来的大量增长，我相信通过风险较低、股票波动性较小的投资也可以产生低于10%的回报。</blockquote></p><p> <b>Conclusion: Where Could Plug Power Be In 10 Years?</b></p><p><blockquote><b>结论：10年后普拉格能源会在哪里？</b></blockquote></p><p> One can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.</p><p><blockquote>今天人们无法知道这一点，但我们可以做出有根据的猜测。根据上面列出的5月份情景，PLUG在2030年的交易价格可能为37-55美元，考虑到又一年的增长，我相信，如果很多事情进展顺利，我们在2031年的交易价格可能会达到40-60美元。如果增长项目出现重大问题，或者股票数量增长超过预期，这些估计可能会过高。</blockquote></p><p> Overall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.</p><p><blockquote>总体而言，我认为PLUG的股票有相当大的长期上涨潜力，但中高个位数范围的预期回报并不巨大，通过更成熟、波动性更小的投资可以产生相同的回报，不确定性更少，执行风险更小。因此，我确实认为PLUG在这里不值得买入，尽管我喜欢该公司的增长前景及其在有吸引力的行业中的地位。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhere Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-15 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Plug Power is active in an attractive industry with huge growth tailwinds.</li>  <li>It serves low-risk customers and has a strong position in its industry.</li>  <li>Shares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fa1aea5535d99338f385c168062b218\" tg-width=\"1536\" tg-height=\"852\" referrerpolicy=\"no-referrer\"><span>Fokusiert/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源活跃在一个具有巨大增长动力的有吸引力的行业中。</li><li>它服务于低风险客户，在行业中拥有强大的地位。</li><li>股价反映了未来的大量增长，投资者在以当前估值配置资金之前应该考虑实际每股回报可能是什么样子。</li></ul><p class=\"t-img-caption\"><span>Fokusiert/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Plug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.</p><p><blockquote>普拉格能源公司（PLUG）活跃于高增长行业，只要公司能够实现其目标并且管理层执行良好，这就意味着强劲的长期业务增长前景。然而，该公司尚未盈利，实现有意义的净利润的道路仍然存在一些不确定性。从更长远的角度来看，我们可以预计普拉格能源将产生正的净利润，尽管该公司目前的估值相对较高。不过，从风险回报的角度来看，可能有更好的选择，尽管我相信2031年股价将大幅走高。</blockquote></p><p> <b>Plug Power Stock Price</b></p><p><blockquote><b>普拉格能源股价</b></blockquote></p><p> Plug Power, Inc. has seen its share price move up and down violently over the last year:</p><p><blockquote>去年，普拉格能源公司的股价剧烈上下波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d940297249151eddcccf6440d20ef031\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.</p><p><blockquote>股价比12个月前上涨了130%，但与此同时，股价仅为今天历史高点的三分之一。2021年初，其他可再生能源/新能源及相关股票（包括电动汽车）受益于投资者的巨大热情，股价大幅上涨。此后，热情似乎有所降温，股价又回到了20多美元。按目前价格计算，普拉格能源公司的估值为160亿美元，稀释后的股票数量略低于6亿股。分析师目前非常看好该股，因为41美元的一致目标价意味着明年较当前价格有50%左右的上涨潜力。但值得注意的是，近几个月来分析师一致的目标价已被下调，并且未来可能会继续下调。由于不存在利润，PLUG无法以盈利为基础进行估值，但股价约为今年收入的30倍，这相当昂贵。</blockquote></p><p> <b>Plug Power Stock Prediction</b></p><p><blockquote><b>普拉格能源股票预测</b></blockquote></p><p> Plug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:</p><p><blockquote>普拉格能源公司活跃在一个绝对增长的行业，因为氢燃料电池将在未来几年看到巨大的需求增长，因为它们允许作为其他燃料的环保替代品。普拉格能源作为该技术市场领先地位的交钥匙供应商，完全有能力利用这一大趋势。通过包括Brookfield Renewable Partners(BEP)在内的全球合作伙伴网络，普拉格能源正在致力于在全球范围内发展绿色氢产业：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91a8e3b57882e429c9eace431bd1f541\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Plug Power presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：普拉格能源演示</span></p></blockquote></p><p> Plug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.</p><p><blockquote>普拉格能源的绿色氢可用于为卡车、公共汽车和其他车辆提供动力，同时该公司还为公用事业公司使用的兆瓦级柴油发电机提供环保替代品。除此之外，该公司还致力于其他尚未准备好商业化的项目，例如用氢气为飞机提供动力。2024年，即三年后，普拉格能源将在美国运营至少5座氢气厂，美国以及欧洲等海外市场正在建设更多项目。</blockquote></p><p> 80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.</p><p><blockquote>普拉格能源80%的客户是该公司的评级蓝筹客户，其中包括亚马逊（AMZN）等公司。这些公司通常非常倾向于改善其二氧化碳足迹，以获得更好的ESG评级，同时，这些公司是低风险客户，因为其强劲的资产负债表和现金流意味着流动性或偿付能力问题的风险可以忽略不计。总体而言，普拉格能源因此与有吸引力的同行合作，他们的财务火力意味着普拉格能源不会被迫以便宜的价格出售其产品，这就是为什么该公司最近几个季度能够产生相对有吸引力的产品毛利率在30年代。</blockquote></p><p></p><p> Due to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.</p><p><blockquote>然而，由于公司规模仍然相对较小，普拉格能源在净利润或运营基础上均未盈利。相对于普拉格能源产生的收入，该公司的运营费用目前仍然过高。然而，这种情况应该会随着时间的推移而改变，因为运营杠杆和产品利润率的提高应该会使普拉格能源的毛利润相对于运营费用增长，从而提高盈利能力。分析师目前预测2024财年（即三年后）净利润为正。当然，如果普拉格能源已经达到了这一点，那就更好了，但对于长期投资者来说，再有两年的负利润并不是一场灾难。</blockquote></p><p> When investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:</p><p><blockquote>在投资普拉格能源这样的公司时，短期并不太重要，但更重要的是公司收入和利润增长的长期潜力。通过ESG顺风、大规模市场增长及其市场领导地位的结合，普拉格能源似乎处于有利地位，可以在未来许多年增加收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d6f0576ba51f219d85b18d90ccaf6f4\" tg-width=\"640\" tg-height=\"628\" width=\"100%\" height=\"auto\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Analysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.</p><p><blockquote>分析师目前预测，未来三年收入将以每年50%以上的速度增长，而至少到2030年，增长率预计将保持近30%，这相当于极具吸引力的长期增长前景。当然，不能保证这种情况确实会发生，因为商业模式的一些风险仍然存在。该公司尚未盈利，因此未来增长项目的资金理论上可能会成为一个问题。最重要的是，其他财力雄厚的参与者可能会试图扰乱市场或获得市场份额。我相信，由于普拉格能源的领导地位，这种风险并不是很大。但如果市场竞争变得更加激烈，非盈利的普拉格能源如果遭遇市场份额争夺战，可能会给利润率带来压力，可能会遇到问题。</blockquote></p><p> Some execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.</p><p><blockquote>因此，一些执行风险确实仍然存在，投资者不应将上述增长预测视为绝对可靠的清晰预测。然而，相反，上述预测展示了基本情况可能是什么样子，实际结果可能比这更好或更差。总体而言，可以说普拉格能源业务的长期前景非常好，因为随着投资者、公司和消费者越来越重视更小的碳足迹，该公司应该能够在未来许多年以有吸引力的速度增长。然而，一个行业明显的增长前景并不会自动转化为股价上涨。例如，那些在互联网泡沫期间高位购买思科(CSCO)股票的公司，尽管该业务在此期间经历了巨大增长，但22年后的今天仍然处于亏损状态。估值也应该考虑，普拉格能源今天的价格远非便宜。</blockquote></p><p> <b>Plug Power Stock Forecast For 2030</b></p><p><blockquote><b>2030年普拉格能源股票预测</b></blockquote></p><p> Today, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.</p><p><blockquote>如今，普拉格能源的股价约为今年预期收入的32倍。如果这是市盈率，相对于公司的平均估值，该股仍然不会特别便宜。以超过30倍的销售额计算，股价确实看起来非常昂贵。当我们考虑PLUG未来十年的增长前景时，这在某种程度上是相对的，但我相信股价仍高于公允价值。</blockquote></p><p> If the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.</p><p><blockquote>如果分析师对2030年收入的一致估计是正确的，为105亿美元，那么目前股价的交易价格约为2030年收入的1.5倍。许多工业公司目前的交易价格是今年收入的1至2倍，这表明PLUG的股票已经反映了未来的增长。当然，人们可以说，PLUG在2030年的增长前景可能仍好于当今的普通公司，因为PLUG很有可能在2030年之后以两位数的速度增长。但我相信，PLUG股价在未来十年的上涨空间不会太大。</blockquote></p><p></p><p> If PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.</p><p><blockquote>如果PLUG在2030年的交易收入仍然相对较高的3.5倍，那么我们的市值估计约为370亿美元，大约是今天的2.3倍。然而，PLUG的股票数量在未来十年不会保持不变，这就是为什么每股回报率将低于这一数字。如果我们假设股票数量每年仅增长2%，那么2030年的股票数量将略高于7亿股。在370亿美元的市值下，每只股票的交易价格约为53美元，这意味着从今天起的回报率约为100%。按年计算，这相当于8%的回报率。8%的年回报率远非坏事，但要实现这一目标，许多事情必须顺利进行——PLUG必须执行良好，交付增长项目，并避免大规模股票发行。当我们还考虑到这一估计需要2030年仍然相当高的3.5倍销售倍数时，我相信这些回报还不足以保证买入评级。8%的回报可能来自风险非常低、不确定性非常低的蓝筹股，但这里的情况并非如此。作为参考，如果PLUG执行良好并达到增长预期，但其股价在2030年的交易价格为销售额的2.5倍，那么假设年稀释2%，股价将为37美元，这相当于年回报率仅为4%。仅去年一年，PLUG的股票数量就增加了约50%，尽管我预计未来几年不会出现类似的稀释，但PLUG的股票数量至少有可能每年大幅增加2%以上，这将进一步给回报带来压力。</blockquote></p><p> Overall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.</p><p><blockquote>总体而言，我不认为投资者在未来十年或更长时间内会因PLUG而亏损。但我也不相信投资者会在这段时间内看到非常有吸引力的回报，尽管普拉格能源的基本业务增长前景非常有吸引力。股票已经反映了未来的大量增长，我相信通过风险较低、股票波动性较小的投资也可以产生低于10%的回报。</blockquote></p><p> <b>Conclusion: Where Could Plug Power Be In 10 Years?</b></p><p><blockquote><b>结论：10年后普拉格能源会在哪里？</b></blockquote></p><p> One can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.</p><p><blockquote>今天人们无法知道这一点，但我们可以做出有根据的猜测。根据上面列出的5月份情景，PLUG在2030年的交易价格可能为37-55美元，考虑到又一年的增长，我相信，如果很多事情进展顺利，我们在2031年的交易价格可能会达到40-60美元。如果增长项目出现重大问题，或者股票数量增长超过预期，这些估计可能会过高。</blockquote></p><p> Overall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.</p><p><blockquote>总体而言，我认为PLUG的股票有相当大的长期上涨潜力，但中高个位数范围的预期回报并不巨大，通过更成熟、波动性更小的投资可以产生相同的回报，不确定性更少，执行风险更小。因此，我确实认为PLUG在这里不值得买入，尽管我喜欢该公司的增长前景及其在有吸引力的行业中的地位。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4449266-plug-power-stock-in-10-years\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://seekingalpha.com/article/4449266-plug-power-stock-in-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133270372","content_text":"Summary\n\nPlug Power is active in an attractive industry with huge growth tailwinds.\nIt serves low-risk customers and has a strong position in its industry.\nShares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.\n\nFokusiert/iStock via Getty Images\nArticle Thesis\nPlug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.\nPlug Power Stock Price\nPlug Power, Inc. has seen its share price move up and down violently over the last year:\nData by YCharts\nShares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.\nPlug Power Stock Prediction\nPlug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:\nSource: Plug Power presentation\nPlug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.\n80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.\nDue to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.\nWhen investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:\nSource:Seeking Alpha\nAnalysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.\nSome execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.\nPlug Power Stock Forecast For 2030\nToday, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.\nIf the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.\nIf PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.\nOverall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.\nConclusion: Where Could Plug Power Be In 10 Years?\nOne can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.\nOverall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899571778,"gmtCreate":1628208470894,"gmtModify":1633752657378,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899571778","repostId":"1121278921","repostType":4,"repost":{"id":"1121278921","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628206085,"share":"https://www.laohu8.com/m/news/1121278921?lang=zh_CN&edition=full","pubTime":"2021-08-06 07:28","market":"us","language":"en","title":"Dropbox Q2 Results Beat Estimates<blockquote>Dropbox第二季度业绩超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121278921","media":"Tiger Newspress","summary":"Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.40 per share which beat the analyst consensus","content":"<p>Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.33 by 21.21 percent. This is a 81.82 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $530.60 million which beat the analyst consensus estimate of $524.06 million by 1.25 percent. This is a 13.52 percent increase over sales of $467.40 million the same period last year.</p><p><blockquote>Dropbox（纳斯达克股票代码：DBX）报告季度收益为每股0.40美元，比分析师普遍预期的0.33美元高出21.21%。这比去年同期每股收益0.22美元增长了81.82%。该公司报告季度销售额为5.306亿美元，比分析师普遍预期的5.2406亿美元高出1.25%。这比去年同期4.674亿美元的销售额增长了13.52%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/742cd0cea3dc944f5ab9f4dc573b374b\" tg-width=\"1104\" tg-height=\"716\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Dropbox&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;4%&nbsp;in extended trading.</p><p><blockquote>Dropbox股价在盘后交易中上涨近4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c70d7b79260e68738b980cece07e5b1c\" tg-width=\"900\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Second Quarter Fiscal 2021 Results</b></p><p><blockquote><b>2021财年第二季度业绩</b></blockquote></p><p> <ul>  <li>Total revenue was$530.6 million, an increase of 13.5% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.4%.(1)</li> </ul> <ul>  <li>Total ARR ended at$2.166 billion, an increase of$53.8 millionquarter-over-quarter and an increase of 12.2% year-over-year. On a constant currency basis, year-over-year growth would have been 10.6%.(2)</li> </ul> <ul>  <li>Paying users ended at 16.14 million, as compared to 14.96 million for the same period last year. Average revenue per paying user was$133.15, as compared to$126.88for the same period last year.</li> </ul> <ul>  <li>GAAP gross margin was 79.8%, as compared to 78.1% in the same period last year. Non-GAAP gross margin was 81.2%, as compared to 79.2% in the same period last year.</li> </ul> <ul>  <li>GAAP operating margin was 15.9%, as compared to 2.7% in the same period last year. Non-GAAP operating margin was 31.9%, as compared to 20.6% in the same period last year.</li> </ul> <ul>  <li>GAAP net income was$88.0 million, as compared to$17.5 millionin the same period last year. Non-GAAP net income was$160.5 million, as compared to$93.2 millionin the same period last year.</li> </ul> <ul>  <li>Net cash provided by operating activities was$219.9 million, as compared to$145.9 millionin the same period last year. Free cash flow was$216.0 million, as compared to$119.8 millionin the same period last year.</li> </ul> <ul>  <li>GAAP diluted net income per share attributable to common stockholders was$0.22, as compared to$0.04in the same period last year. Non-GAAP diluted net income per share attributable to common stockholders was$0.40, as compared to$0.22in the same period last year.(3)</li> </ul> <ul>  <li>Cash, cash equivalents and short-term investments ended at$1.944 billion.</li> </ul> </p><p><blockquote><ul><li>总收入为5.306亿美元，较去年同期增长13.5%。按固定汇率计算，同比增长率为11.4%。(1)</li></ul><ul><li>ARR总额为21.66亿美元，环比增加5380万美元，同比增长12.2%。按固定汇率计算，同比增长率为10.6%。(2)</li></ul><ul><li>付费用户为1614万，去年同期为1496万。每个付费用户的平均收入为133.15美元，去年同期为126.88美元。</li></ul><ul><li>GAAP毛利率为79.8%，去年同期为78.1%。非GAAP毛利率为81.2%，去年同期为79.2%。</li></ul><ul><li>GAAP营业利润率为15.9%，去年同期为2.7%。非GAAP营业利润率为31.9%，去年同期为20.6%。</li></ul><ul><li>GAAP净利润为8800万美元，去年同期为1750万美元。非GAAP净利润为1.605亿美元，去年同期为9320万美元。</li></ul><ul><li>经营活动提供的净现金为2.199亿美元，去年同期为1.459亿美元。自由现金流为2.16亿美元，去年同期为1.198亿美元。</li></ul><ul><li>GAAP摊薄后归属于普通股股东的每股净利润为0.22美元，去年同期为0.04美元。非GAAP稀释后归属于普通股股东的每股净利润为0.40美元，去年同期为0.22美元。(3)</li></ul><ul><li>现金、现金等价物和短期投资为19.44亿美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dropbox Q2 Results Beat Estimates<blockquote>Dropbox第二季度业绩超出预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDropbox Q2 Results Beat Estimates<blockquote>Dropbox第二季度业绩超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-06 07:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.33 by 21.21 percent. This is a 81.82 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $530.60 million which beat the analyst consensus estimate of $524.06 million by 1.25 percent. This is a 13.52 percent increase over sales of $467.40 million the same period last year.</p><p><blockquote>Dropbox（纳斯达克股票代码：DBX）报告季度收益为每股0.40美元，比分析师普遍预期的0.33美元高出21.21%。这比去年同期每股收益0.22美元增长了81.82%。该公司报告季度销售额为5.306亿美元，比分析师普遍预期的5.2406亿美元高出1.25%。这比去年同期4.674亿美元的销售额增长了13.52%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/742cd0cea3dc944f5ab9f4dc573b374b\" tg-width=\"1104\" tg-height=\"716\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Dropbox&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;4%&nbsp;in extended trading.</p><p><blockquote>Dropbox股价在盘后交易中上涨近4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c70d7b79260e68738b980cece07e5b1c\" tg-width=\"900\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Second Quarter Fiscal 2021 Results</b></p><p><blockquote><b>2021财年第二季度业绩</b></blockquote></p><p> <ul>  <li>Total revenue was$530.6 million, an increase of 13.5% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.4%.(1)</li> </ul> <ul>  <li>Total ARR ended at$2.166 billion, an increase of$53.8 millionquarter-over-quarter and an increase of 12.2% year-over-year. On a constant currency basis, year-over-year growth would have been 10.6%.(2)</li> </ul> <ul>  <li>Paying users ended at 16.14 million, as compared to 14.96 million for the same period last year. Average revenue per paying user was$133.15, as compared to$126.88for the same period last year.</li> </ul> <ul>  <li>GAAP gross margin was 79.8%, as compared to 78.1% in the same period last year. Non-GAAP gross margin was 81.2%, as compared to 79.2% in the same period last year.</li> </ul> <ul>  <li>GAAP operating margin was 15.9%, as compared to 2.7% in the same period last year. Non-GAAP operating margin was 31.9%, as compared to 20.6% in the same period last year.</li> </ul> <ul>  <li>GAAP net income was$88.0 million, as compared to$17.5 millionin the same period last year. Non-GAAP net income was$160.5 million, as compared to$93.2 millionin the same period last year.</li> </ul> <ul>  <li>Net cash provided by operating activities was$219.9 million, as compared to$145.9 millionin the same period last year. Free cash flow was$216.0 million, as compared to$119.8 millionin the same period last year.</li> </ul> <ul>  <li>GAAP diluted net income per share attributable to common stockholders was$0.22, as compared to$0.04in the same period last year. Non-GAAP diluted net income per share attributable to common stockholders was$0.40, as compared to$0.22in the same period last year.(3)</li> </ul> <ul>  <li>Cash, cash equivalents and short-term investments ended at$1.944 billion.</li> </ul> </p><p><blockquote><ul><li>总收入为5.306亿美元，较去年同期增长13.5%。按固定汇率计算，同比增长率为11.4%。(1)</li></ul><ul><li>ARR总额为21.66亿美元，环比增加5380万美元，同比增长12.2%。按固定汇率计算，同比增长率为10.6%。(2)</li></ul><ul><li>付费用户为1614万，去年同期为1496万。每个付费用户的平均收入为133.15美元，去年同期为126.88美元。</li></ul><ul><li>GAAP毛利率为79.8%，去年同期为78.1%。非GAAP毛利率为81.2%，去年同期为79.2%。</li></ul><ul><li>GAAP营业利润率为15.9%，去年同期为2.7%。非GAAP营业利润率为31.9%，去年同期为20.6%。</li></ul><ul><li>GAAP净利润为8800万美元，去年同期为1750万美元。非GAAP净利润为1.605亿美元，去年同期为9320万美元。</li></ul><ul><li>经营活动提供的净现金为2.199亿美元，去年同期为1.459亿美元。自由现金流为2.16亿美元，去年同期为1.198亿美元。</li></ul><ul><li>GAAP摊薄后归属于普通股股东的每股净利润为0.22美元，去年同期为0.04美元。非GAAP稀释后归属于普通股股东的每股净利润为0.40美元，去年同期为0.22美元。(3)</li></ul><ul><li>现金、现金等价物和短期投资为19.44亿美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DBX":"Dropbox Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121278921","content_text":"Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.33 by 21.21 percent. This is a 81.82 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $530.60 million which beat the analyst consensus estimate of $524.06 million by 1.25 percent. This is a 13.52 percent increase over sales of $467.40 million the same period last year.\n\nDropbox shares rose nearly 4% in extended trading.\n\nSecond Quarter Fiscal 2021 Results\n\nTotal revenue was$530.6 million, an increase of 13.5% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.4%.(1)\n\n\nTotal ARR ended at$2.166 billion, an increase of$53.8 millionquarter-over-quarter and an increase of 12.2% year-over-year. On a constant currency basis, year-over-year growth would have been 10.6%.(2)\n\n\nPaying users ended at 16.14 million, as compared to 14.96 million for the same period last year. Average revenue per paying user was$133.15, as compared to$126.88for the same period last year.\n\n\nGAAP gross margin was 79.8%, as compared to 78.1% in the same period last year. Non-GAAP gross margin was 81.2%, as compared to 79.2% in the same period last year.\n\n\nGAAP operating margin was 15.9%, as compared to 2.7% in the same period last year. Non-GAAP operating margin was 31.9%, as compared to 20.6% in the same period last year.\n\n\nGAAP net income was$88.0 million, as compared to$17.5 millionin the same period last year. Non-GAAP net income was$160.5 million, as compared to$93.2 millionin the same period last year.\n\n\nNet cash provided by operating activities was$219.9 million, as compared to$145.9 millionin the same period last year. Free cash flow was$216.0 million, as compared to$119.8 millionin the same period last year.\n\n\nGAAP diluted net income per share attributable to common stockholders was$0.22, as compared to$0.04in the same period last year. Non-GAAP diluted net income per share attributable to common stockholders was$0.40, as compared to$0.22in the same period last year.(3)\n\n\nCash, cash equivalents and short-term investments ended at$1.944 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thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/810756875","repostId":"2162301893","repostType":4,"isVote":1,"tweetType":1,"viewCount":1604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805327482,"gmtCreate":1627862497646,"gmtModify":1633755921819,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Like please, ty!","listText":"Like please, ty!","text":"Like please, ty!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/805327482","repostId":"1170689665","repostType":4,"repost":{"id":"1170689665","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627857540,"share":"https://www.laohu8.com/m/news/1170689665?lang=zh_CN&edition=full","pubTime":"2021-08-02 06:39","market":"us","language":"en","title":"Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴-SW、Uber、DraftKings、通用汽车、Roku、EA、ViacomCBS等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170689665","media":"Tiger Newspress","summary":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Dig","content":"<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p><p><blockquote>第二季度业绩本周继续公布。除了数百家小盘股外，至少有143家标普500公司即将发布报告。法拉利、Vornado Realty Trust、Take-Two Interactive Software和Simon Property Group将于周一开始行动。随后，Lyft、阿里巴巴-SW集团控股、尼古拉、安德玛、礼来公司和康菲石油公司将于周二发布业绩。</blockquote></p><p> Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p><p><blockquote>周三将特别繁忙：通用汽车、Uber Technologies、Etsy、艺电、西部数据、Roku、CVS Health、卡夫亨氏和软银都有报告。Beyond Meat、Yelp、Wayfair、Moderna和ViacomCBS将于周四上市，DraftKings、Canopy Growth和Tripadvisor将于周五结束本周。中国教育企业新东方教育科技集团有限公司和好未来教育集团取消原定的财报发布和财报看涨期权。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p><p><blockquote>本周经济日历上的亮点将是周五的就业。美国劳工统计局预计7月份非农就业人数将增加625,000人，而6月份为850,000人。失业率预计将保持在6%以下。</blockquote></p><p> Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的7月份制造业采购经理人指数，随后是周三公布的服务业采购经理人指数。这两项经济活动指标预计都在61左右，这意味着强劲的扩张。</blockquote></p><p> <b>Monday 8/2</b></p><p><blockquote><b>星期一8/2</b></blockquote></p><p> CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p><p><blockquote>CNA Financial、Global Payments、JELD-WEN Holding、Loews、Arista Networks、Leggett&amp;Platt、Vornado Realty Trust、ZoomInfo Technologies、Woodward、Take-Two Interactive Software、喜力、Trex、法拉利、Ultra Clean Holdings和Simon Property Group预计将发布财务业绩。</blockquote></p><p> GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p><p><blockquote>通用电气股票周一开盘价约为每股104美元，周五收盘价为12.95美元。该公司周五晚上完成了8股1股的反向股票分割。</blockquote></p><p> <b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p><p><blockquote><b>供应研究所</b>管理层发布7月份制造业采购经理人指数。普遍预期为60.8，高于6月份的60.6。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p><p><blockquote><b>人口普查局</b>报告6月份建筑支出。继5月份下降0.3%后，预计环比增长0.4%。</blockquote></p><p> <b>Tuesday 8/3</b></p><p><blockquote><b>星期二8/3</b></blockquote></p><p> Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p><p><blockquote>Eaton、BP、Under Armour、Lyft、Clorox、Amgen、Akamai Technologies、Cummins、Eli Lilly、阿里巴巴-SW集团控股、Nikola、EnPro Industries、Warner Music Group、Pitney Bowes、Tennant、Phillips 66、KKR、Gartner、Henry Schein、Dun&amp;Bradstreet Holdings、ConocoPhillips和Jacobs Engineering Group在评级召开会议讨论财务业绩。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p><p><blockquote><b>人口普查局</b>预计将报告6月份的工厂订单。经济学家预测当月订单增长1.0%，而5月份为增长1.7%。</blockquote></p><p> <b>Wednesday 8/4</b></p><p><blockquote><b>星期三8/4</b></blockquote></p><p> Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p><p><blockquote>Sony Group、CVS Health、卡夫亨氏、软银、General Motors、Progressive、Etsy、Electronic Arts、Western Digital、Uber Technologies、Roku、MGM Resorts International、Fox和Re/Max Holdings预计将举行财报评级。</blockquote></p><p> <b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p><p><blockquote><b>经济局</b>分析报告7月份轻型汽车销量。预计看涨期权经季节调整后的年产量为1530万辆，而6月份为1540万辆。</blockquote></p><p> <b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p><p><blockquote><b>ISM发布</b>7月份服务业PMI。普遍预期为60.8，而6月份为60.1。</blockquote></p><p> <b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p><p><blockquote><b>ADP释放</b>七月份全国就业报告。市场普遍估计非农私营部门就业人数将增加635,000人，6月份增加692,000人。</blockquote></p><p> <b>Thursday 8/5</b></p><p><blockquote><b>星期四8/5</b></blockquote></p><p> Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p><p><blockquote>Zillow Group、Beyond Meat、Yelp、Wayfair、Kellogg、Bayer、HanesBrands、Moderna、Regeneron Pharmaceuticals、Switch、Cushman&amp;Wakefield、ViacomCBS、Cigna、Duke Energy、Square、新闻集团和西门子预计将公布财务业绩。</blockquote></p><p> Friday 8/6</p><p><blockquote>星期五8/6</blockquote></p><p> <b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p><p><blockquote><b>美国劳工统计局发布就业报告</b>为了七月。经济学家预测，继6月份非农就业人数增加85万人之后，非农就业人数将增加80万人。失业率预计将从5.9%小幅降至5.8%。</blockquote></p><p> DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p><p><blockquote>DraftKings、Dominion Energy、Gannett、MGM Growth Properties、AMC Networks、Canopy Growth、猫途鹰、Spectrum Brands Holdings、E.WScripps、Cinemark Holdings和Manitowoc在评级主办会议讨论财务业绩。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴-SW、Uber、DraftKings、通用汽车、Roku、EA、ViacomCBS等本周值得投资者关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴-SW、Uber、DraftKings、通用汽车、Roku、EA、ViacomCBS等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-02 06:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p><p><blockquote>第二季度业绩本周继续公布。除了数百家小盘股外，至少有143家标普500公司即将发布报告。法拉利、Vornado Realty Trust、Take-Two Interactive Software和Simon Property Group将于周一开始行动。随后，Lyft、阿里巴巴-SW集团控股、尼古拉、安德玛、礼来公司和康菲石油公司将于周二发布业绩。</blockquote></p><p> Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p><p><blockquote>周三将特别繁忙：通用汽车、Uber Technologies、Etsy、艺电、西部数据、Roku、CVS Health、卡夫亨氏和软银都有报告。Beyond Meat、Yelp、Wayfair、Moderna和ViacomCBS将于周四上市，DraftKings、Canopy Growth和Tripadvisor将于周五结束本周。中国教育企业新东方教育科技集团有限公司和好未来教育集团取消原定的财报发布和财报看涨期权。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p><p><blockquote>本周经济日历上的亮点将是周五的就业。美国劳工统计局预计7月份非农就业人数将增加625,000人，而6月份为850,000人。失业率预计将保持在6%以下。</blockquote></p><p> Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的7月份制造业采购经理人指数，随后是周三公布的服务业采购经理人指数。这两项经济活动指标预计都在61左右，这意味着强劲的扩张。</blockquote></p><p> <b>Monday 8/2</b></p><p><blockquote><b>星期一8/2</b></blockquote></p><p> CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p><p><blockquote>CNA Financial、Global Payments、JELD-WEN Holding、Loews、Arista Networks、Leggett&amp;Platt、Vornado Realty Trust、ZoomInfo Technologies、Woodward、Take-Two Interactive Software、喜力、Trex、法拉利、Ultra Clean Holdings和Simon Property Group预计将发布财务业绩。</blockquote></p><p> GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p><p><blockquote>通用电气股票周一开盘价约为每股104美元，周五收盘价为12.95美元。该公司周五晚上完成了8股1股的反向股票分割。</blockquote></p><p> <b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p><p><blockquote><b>供应研究所</b>管理层发布7月份制造业采购经理人指数。普遍预期为60.8，高于6月份的60.6。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p><p><blockquote><b>人口普查局</b>报告6月份建筑支出。继5月份下降0.3%后，预计环比增长0.4%。</blockquote></p><p> <b>Tuesday 8/3</b></p><p><blockquote><b>星期二8/3</b></blockquote></p><p> Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p><p><blockquote>Eaton、BP、Under Armour、Lyft、Clorox、Amgen、Akamai Technologies、Cummins、Eli Lilly、阿里巴巴-SW集团控股、Nikola、EnPro Industries、Warner Music Group、Pitney Bowes、Tennant、Phillips 66、KKR、Gartner、Henry Schein、Dun&amp;Bradstreet Holdings、ConocoPhillips和Jacobs Engineering Group在评级召开会议讨论财务业绩。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p><p><blockquote><b>人口普查局</b>预计将报告6月份的工厂订单。经济学家预测当月订单增长1.0%，而5月份为增长1.7%。</blockquote></p><p> <b>Wednesday 8/4</b></p><p><blockquote><b>星期三8/4</b></blockquote></p><p> Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p><p><blockquote>Sony Group、CVS Health、卡夫亨氏、软银、General Motors、Progressive、Etsy、Electronic Arts、Western Digital、Uber Technologies、Roku、MGM Resorts International、Fox和Re/Max Holdings预计将举行财报评级。</blockquote></p><p> <b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p><p><blockquote><b>经济局</b>分析报告7月份轻型汽车销量。预计看涨期权经季节调整后的年产量为1530万辆，而6月份为1540万辆。</blockquote></p><p> <b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p><p><blockquote><b>ISM发布</b>7月份服务业PMI。普遍预期为60.8，而6月份为60.1。</blockquote></p><p> <b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p><p><blockquote><b>ADP释放</b>七月份全国就业报告。市场普遍估计非农私营部门就业人数将增加635,000人，6月份增加692,000人。</blockquote></p><p> <b>Thursday 8/5</b></p><p><blockquote><b>星期四8/5</b></blockquote></p><p> Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p><p><blockquote>Zillow Group、Beyond Meat、Yelp、Wayfair、Kellogg、Bayer、HanesBrands、Moderna、Regeneron Pharmaceuticals、Switch、Cushman&amp;Wakefield、ViacomCBS、Cigna、Duke Energy、Square、新闻集团和西门子预计将公布财务业绩。</blockquote></p><p> Friday 8/6</p><p><blockquote>星期五8/6</blockquote></p><p> <b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p><p><blockquote><b>美国劳工统计局发布就业报告</b>为了七月。经济学家预测，继6月份非农就业人数增加85万人之后，非农就业人数将增加80万人。失业率预计将从5.9%小幅降至5.8%。</blockquote></p><p> DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p><p><blockquote>DraftKings、Dominion Energy、Gannett、MGM Growth Properties、AMC Networks、Canopy Growth、猫途鹰、Spectrum Brands Holdings、E.WScripps、Cinemark Holdings和Manitowoc在评级主办会议讨论财务业绩。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","GE":"GE航空航天","GM":"通用汽车","DKNG":"DraftKings Inc.","UBER":"优步","EA":"艺电","ROKU":"Roku Inc",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170689665","content_text":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.\nWednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and ViacomCBS go on Thursday and DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation New Oriental Education & Technology Group Inc. and TAL Education Group cancels scheduled earnings release and earnings call.\n\nThe highlight on the economic calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.\nOther data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.\nMonday 8/2\nCNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett & Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.\nGE stock will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.\nThe Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.\nThe Census Bureau reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.\nTuesday 8/3\nEaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun & Bradstreet Holdings,ConocoPhillips, and Jacobs Engineering Grouphost conference calls to discuss financial results.\nThe Census Bureau is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.\nWednesday 8/4\nSony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.\nThe Bureau of Economic Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.\nThe ISM releases its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.\nADP releases its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.\nThursday 8/5\nZillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman & Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and Siemensare expected to report financial results.\nFriday 8/6\nThe BLS releases the jobs report for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.\nDraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.","news_type":1,"symbols_score_info":{"ROKU":0.9,"UBER":0.9,"DKNG":0.9,".IXIC":0.9,"BABA":0.9,"EA":0.9,".DJI":0.9,"GE":0.9,".SPX":0.9,"GM":0.9,"VIAC":0.9}},"isVote":1,"tweetType":1,"viewCount":589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832015669,"gmtCreate":1629539309951,"gmtModify":1633684122394,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Yes focus on fundamentals","listText":"Yes focus on fundamentals","text":"Yes focus on fundamentals","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/832015669","repostId":"1107075259","repostType":4,"repost":{"id":"1107075259","kind":"news","pubTimestamp":1629509852,"share":"https://www.laohu8.com/m/news/1107075259?lang=zh_CN&edition=full","pubTime":"2021-08-21 09:37","market":"us","language":"en","title":"Ignore Elon Musk’s dancing distraction and face the dangers ahead for Tesla<blockquote>忽略Elon Musk跳舞的干扰，面对特斯拉未来的危险</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107075259","media":"MarketWatch","summary":"Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.$Investors$ should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.At $Tesla Motors$’s AI Day late Thursday, self-named Technoking Musk said th","content":"<p>  <b>Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.</b>  <a href=\"https://laohu8.com/S/ISBC\">Investors</a> should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.</p><p><blockquote><b>对自动驾驶系统的调查以及这家电动汽车公司及其首席执行官就此发表的声明比他们最新的异想天开的技术愿望和时间表更值得关注。</b><a href=\"https://laohu8.com/S/ISBC\">投资者</a>应该忽略Elon Musk的最新舞蹈，而是关注特斯拉因首席执行官夸大其公司技术能力而面临的日益严重的问题。</blockquote></p><p> At <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>’s&nbsp;AI Day late Thursday, self-named Technoking Musk said that the company is working on a humanoid robot as “Tesla is arguably the world’s biggest robotics company because our cars are like semi-sentient robots on wheels.”</p><p><blockquote>在<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>周四晚些时候，自称Technoking Musk的马斯克表示，该公司正在开发一款人形机器人，因为“特斯拉可以说是世界上最大的机器人公司，因为我们的汽车就像轮子上的半感知机器人。”</blockquote></p><p> After a white-suited human did a brief dance for the believers in the audience and on a livestream, Musk came on the stage and showed only computer-generated images of a 5’8″ humanoid robot thathe claimed Tesla will produce a prototype of sometime next year. He inferred it could be used for manufacturing or boring repetitive tasks, like grocery shopping and will have a full self-driving computer.</p><p><blockquote>在一名身穿白色西装的人类为观众和直播中的信徒跳了一支简短的舞蹈后，马斯克走上舞台，只展示了一个5英尺8英寸的人形机器人的计算机生成图像，马斯克声称特斯拉将在明年的某个时候生产出一个原型。他推断它可以用于制造或无聊的重复性任务，例如杂货店购物，并且将配备全自动驾驶计算机。</blockquote></p><p> As always with Musk and Tesla, the timeline is highly doubtful to anyone with basic knowledge of the technology in question. Fortunately, the antics did not fool everyone on Wall Street, some of whom may be getting tired of his shenanigans.</p><p><blockquote>和马斯克和特斯拉一样，对于任何对相关技术有基本了解的人来说，时间表都是非常值得怀疑的。幸运的是，这些滑稽动作并没有愚弄华尔街的所有人，其中一些人可能已经厌倦了他的恶作剧。</blockquote></p><p> “Unfortunately, as we have seen with robotaxis and other future sci-fi projects for Musk, we view this&nbsp;Tesla&nbsp;Bot as an absolute head scratcher that will further agitate investors at a time the Street is showing growing concern around rising EV competition and safety issues for&nbsp;Tesla,” said Dan Ives, a Wedbush Securities analyst, in a note to clients early Friday.</p><p><blockquote>“不幸的是，正如我们在机器人出租车和马斯克未来的其他科幻项目中所看到的那样，我们认为这款特斯拉机器人绝对令人挠头，在华尔街对电动汽车竞争和安全日益担忧之际，它将进一步激怒投资者。特斯拉的问题，”韦德布什证券分析师Dan Ives在周五早些时候给客户的一份报告中表示。</blockquote></p><p> The safety issues Ives mentions are what investors should be attuned to right now, because it appears the government is finally stepping up and taking note of a problem this column has long pointed out: Musk repeatedly oversells the current and near-term potential for his automotive autonomy advanced technology.</p><p><blockquote>艾夫斯提到的安全问题是投资者现在应该关注的问题，因为政府似乎终于站出来并注意到本专栏长期以来指出的一个问题：马斯克一再高估其汽车自动驾驶先进技术的当前和近期潜力。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> a day before Thursday’s “AI Day” spectacle,two U.S. senators asked the Federal Trade Commission to investigate both Tesla’s and Musk’s “repeated overstatements of their vehicles’ capabilities”in regards to the marketing of Tesla’s “Full Self Driving” product. Tesla charges thousands of dollars at purchase (or as little as $100 a month) for software that is nowhere near full self-driving, a practice that has already led toa recent review by California Department of Motor Vehiclesanda German ruling that Tesla could not market the product as such.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>在周四“人工智能日”奇观的前一天，两名美国参议员要求联邦贸易委员会调查特斯拉和马斯克在特斯拉“全自动驾驶”产品营销方面“一再夸大其车辆功能”的行为。特斯拉对远未完全自动驾驶的软件在购买时收取数千美元（或每月低至100美元）的费用，这种做法已经导致加州机动车辆管理局最近进行审查，德国裁定特斯拉不能销售该产品本身。</blockquote></p><p> “Language matters,” said Selika Talbott, a professorial lecturer in the department of public administration and policy at <a href=\"https://laohu8.com/S/AFG\">American</a> University in <a href=\"https://laohu8.com/S/WASH\">Washington</a> DC. “The use of this terminology is false and misleading and unsafe for the general public. The notions of assisted driving and autonomous vehicles and their differences are not fully understood by the general public.”</p><p><blockquote>“语言很重要，”塞利卡·塔尔博特(Selika Talbott)说。<a href=\"https://laohu8.com/S/AFG\">美国的</a>大学在<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a>直流电。“这个术语的使用是错误的、误导性的，对公众来说是不安全的。辅助驾驶和自动驾驶汽车的概念及其区别并没有被公众完全理解。”</blockquote></p><p> “Tesla has highly assisted technology in their vehicle, but at no point should anyone behind the wheel think that vehicle can drive itself, because it can’t,” Talbott said.</p><p><blockquote>塔尔博特说：“特斯拉在他们的车辆中配备了高度辅助技术，但任何驾驶人员都不应该认为车辆可以自动驾驶，因为它不能。”</blockquote></p><p> The week began with news of a federal investigation into Tesla’s Autopilot system after cars using the feature crashed into stopped emergency vehicles.The <a href=\"https://laohu8.com/S/NHLD\">National</a> <a href=\"https://laohu8.com/S/HIHO\">Highway</a> Traffic Safety Administration is looking into a series of crashesby Tesla cars that had the advanced driver-assistance system enabled. NHTSA said that itopened an inquiry into 11 Tesla crashesthat involved emergency vehicles, while still investigating a series of collisions involving cars enabled with <a href=\"https://laohu8.com/S/AEIS\">Advanced</a> Driver Assistance Systems (ADAS) and tractor-trailers.</p><p><blockquote>本周伊始，有消息称，使用该功能的汽车撞上了停下来的紧急车辆，联邦政府对特斯拉的自动驾驶系统进行了调查。<a href=\"https://laohu8.com/S/NHLD\">国家的</a><a href=\"https://laohu8.com/S/HIHO\">公路</a>交通安全管理局正在调查一系列启用了高级驾驶员辅助系统的特斯拉汽车发生的撞车事故。NHTSA表示，已对11起涉及紧急车辆的特斯拉事故展开调查，同时仍在调查一系列涉及启用紧急车辆的汽车的碰撞事故<a href=\"https://laohu8.com/S/AEIS\">先进的</a>驾驶员辅助系统（ADAS）和牵引车拖车。</blockquote></p><p> The latest outcry on Capitol <a href=\"https://laohu8.com/S/HIL\">Hill</a> follows a stream of news reports and/or social media posts and YouTube videos of drivers engaging in extremely risky behavior while testing the so-called self-driving features of their Tesla. In May, Steven Michael Hendrickson,a 35-year-old father of two in Fontana, Calif., died when his Tesla hit an overturned semitruck. Earlier he had posted videos of driving without his hands on the wheel of his car on the freeway, but the NHTSA was still investigating the role of Autopilot in the crash.</p><p><blockquote>国会大厦的最新抗议<a href=\"https://laohu8.com/S/HIL\">山丘</a>关注一系列新闻报道和/或社交媒体帖子和YouTube视频，这些视频显示司机在测试特斯拉的所谓自动驾驶功能时做出了极其危险的行为。今年5月，加利福尼亚州丰塔纳市35岁的两个孩子的父亲Steven Michael Hendrickson在他的特斯拉撞上一辆翻倒的半挂卡车时死亡。早些时候，他发布了在高速公路上双手不放在方向盘上驾驶的视频，但NHTSA仍在调查自动驾驶仪在事故中的作用。</blockquote></p><p> “The vehicles that Tesla is producing are driver-assisted systems,” said Bryan Reimer, a research scientist at the MIT Center for Transportation and Logistics. “They are assisting the driver, and the driver needs to maintain vigilance.”</p><p><blockquote>“特斯拉正在生产的车辆是驾驶辅助系统，”麻省理工学院运输和物流中心的研究科学家布莱恩·赖默说。“他们在协助司机，司机需要保持警惕。”</blockquote></p><p></p><p> It is important to note the difference between Tesla’s dual products with misleading names. “Autopilot” is an ADAS system, a highly advanced version of cruise control meant for highway driving that enables “your car to steer, accelerate and brake automatically within its lane under your active supervision, assisting with the most burdensome parts of driving,” according to Tesla’s website. Tesla also offers the “FSD” package, now available by a subscription of $99 to $199 a month, which it describes as “access to a suite of more advanced driver assistance features, designed to provide more active guidance and assisted driving under your active supervision.”</p><p><blockquote>值得注意的是，特斯拉具有误导性名称的双产品之间的差异。“Autopilot”是一种ADAS系统，是一种高度先进的巡航控制版本，适用于高速公路驾驶，使“您的汽车能够在您的主动监督下在车道内自动转向、加速和制动，协助驾驶中最繁重的部分”。特斯拉的网站。特斯拉还提供“FSD”套餐，现在每月订阅费用为99至199美元，其将其描述为“访问一套更先进的驾驶员辅助功能，旨在在您的主动监督下提供更主动的指导和辅助驾驶。”</blockquote></p><p> If only Musk described these systems in a similar manner to the official website. In analyst conference calls and in Tesla’s multi-hour long presentations to its fan base, Musk has been proclaiming that with this software, full autonomy is around the corner.</p><p><blockquote>要是马斯克用和官网类似的方式描述这些系统就好了。在评级分析师会议上以及特斯拉向其粉丝群进行的长达数小时的演示中，马斯克一直宣称，有了这款软件，完全自主指日可待。</blockquote></p><p> “We&nbsp;basically&nbsp;have&nbsp;to&nbsp;solve&nbsp;real-world vision AI and we are,” he said in an earnings call in April. “And the key to solving this is also having some massive data set. So just having well over <a href=\"https://laohu8.com/S/AONE.U\">one</a> million cars on the road that are collecting data… But I am highly confident that we&nbsp;will&nbsp;get&nbsp;this&nbsp;done.”</p><p><blockquote>“我们基本上必须解决现实世界的视觉人工智能，我们确实做到了，”他在4月份的财报看涨期权上表示。“解决这个问题的关键还在于拥有一些大规模的数据集。所以只要有足够的数据集<a href=\"https://laohu8.com/S/AONE.U\">一</a>道路上有数百万辆汽车正在收集数据……但我非常有信心我们能够完成这项工作。”</blockquote></p><p> But for all of Musk’s bluster and huge fan base, investors are starting to note that the company’s tactics involving full self-driving technology are dangerous, as opposed to the other companies that are testing autonomous vehicles.</p><p><blockquote>但尽管马斯克夸夸其谈，拥有庞大的粉丝群，但投资者开始注意到，与其他正在测试自动驾驶汽车的公司相比，该公司涉及全自动驾驶技术的策略是危险的。</blockquote></p><p> For example, <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc.’sGOOGGOOGLWaymo, the company with the most hours of autonomous vehicle driving, is currently operating a small scale robotaxi service in parts of Arizona around Phoenix that are not densely populated, without human drivers. It is the only one of its kind in the U.S. In California, Waymo has permits from the DMV to conduct AV testing with a human driver behind the wheel.</p><p><blockquote>例如，<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>Inc.旗下的GOOGGOOGLWaymo是自动驾驶汽车时间最长的公司，目前正在亚利桑那州凤凰城周围人口不稠密的地区运营小规模机器人出租车服务，没有人类司机。这是美国唯一一家此类公司。在加利福尼亚州，Waymo获得了DMV的许可，可以在人类驾驶员驾驶的情况下进行AV测试。</blockquote></p><p> “Waymo cannot just start selling their AVs to anyone, and they can’t just drive them on the roadway, our regulatory system does not allow for that,” Talbott of <a href=\"https://laohu8.com/S/AMSWA\">American</a> University said. “You can test them but no publicly available self-driving car is on the market for purchase because it doesn’t exist.”</p><p><blockquote>“Waymo不能开始向任何人出售他们的自动驾驶汽车，他们也不能只是在道路上驾驶它们，我们的监管体系不允许这样做，”<a href=\"https://laohu8.com/S/AMSWA\">美国的</a>大学表示。“你可以测试它们，但市场上没有公开的自动驾驶汽车可供购买，因为它不存在。”</blockquote></p><p> With FSD testing being done in the real world with untrained drivers, Tesla is conducting the equivalent of clinical trials of a new drug without any professional hourly or daily monitoring of the patient.</p><p><blockquote>随着FSD测试在现实世界中由未经训练的驾驶员进行，特斯拉正在进行相当于新药临床试验的试验，而无需对患者进行任何专业的每小时或每天监测。</blockquote></p><p> “They are calling it beta, it is a beta system, they are exposing people to substantive risk,” Reimer said.</p><p><blockquote>“他们称之为测试版，这是一个测试版系统，他们让人们面临重大风险，”赖默说。</blockquote></p><p> Musk’s latest bot is yet another distraction, much like the flame thrower in 2018 sold by his Boring Company, his unwanted assistance to try and help the boys stuck in a cave in Thailand, and other projects. Investors should not let these distractions get in the way of the real issues that Musk seems to be refusing to acknowledge as he continues to oversell his company’s technological abilities.</p><p><blockquote>马斯克的最新机器人是另一个干扰，就像他的Boring Company在2018年出售的火焰喷射器、他试图帮助被困在泰国洞穴中的男孩的不必要的帮助以及其他项目一样。投资者不应该让这些干扰妨碍马斯克似乎拒绝承认的真正问题，因为他继续夸大公司的技术能力。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Elon Musk’s dancing distraction and face the dangers ahead for Tesla<blockquote>忽略Elon Musk跳舞的干扰，面对特斯拉未来的危险</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Elon Musk’s dancing distraction and face the dangers ahead for Tesla<blockquote>忽略Elon Musk跳舞的干扰，面对特斯拉未来的危险</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-21 09:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.</b>  <a href=\"https://laohu8.com/S/ISBC\">Investors</a> should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.</p><p><blockquote><b>对自动驾驶系统的调查以及这家电动汽车公司及其首席执行官就此发表的声明比他们最新的异想天开的技术愿望和时间表更值得关注。</b><a href=\"https://laohu8.com/S/ISBC\">投资者</a>应该忽略Elon Musk的最新舞蹈，而是关注特斯拉因首席执行官夸大其公司技术能力而面临的日益严重的问题。</blockquote></p><p> At <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>’s&nbsp;AI Day late Thursday, self-named Technoking Musk said that the company is working on a humanoid robot as “Tesla is arguably the world’s biggest robotics company because our cars are like semi-sentient robots on wheels.”</p><p><blockquote>在<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>周四晚些时候，自称Technoking Musk的马斯克表示，该公司正在开发一款人形机器人，因为“特斯拉可以说是世界上最大的机器人公司，因为我们的汽车就像轮子上的半感知机器人。”</blockquote></p><p> After a white-suited human did a brief dance for the believers in the audience and on a livestream, Musk came on the stage and showed only computer-generated images of a 5’8″ humanoid robot thathe claimed Tesla will produce a prototype of sometime next year. He inferred it could be used for manufacturing or boring repetitive tasks, like grocery shopping and will have a full self-driving computer.</p><p><blockquote>在一名身穿白色西装的人类为观众和直播中的信徒跳了一支简短的舞蹈后，马斯克走上舞台，只展示了一个5英尺8英寸的人形机器人的计算机生成图像，马斯克声称特斯拉将在明年的某个时候生产出一个原型。他推断它可以用于制造或无聊的重复性任务，例如杂货店购物，并且将配备全自动驾驶计算机。</blockquote></p><p> As always with Musk and Tesla, the timeline is highly doubtful to anyone with basic knowledge of the technology in question. Fortunately, the antics did not fool everyone on Wall Street, some of whom may be getting tired of his shenanigans.</p><p><blockquote>和马斯克和特斯拉一样，对于任何对相关技术有基本了解的人来说，时间表都是非常值得怀疑的。幸运的是，这些滑稽动作并没有愚弄华尔街的所有人，其中一些人可能已经厌倦了他的恶作剧。</blockquote></p><p> “Unfortunately, as we have seen with robotaxis and other future sci-fi projects for Musk, we view this&nbsp;Tesla&nbsp;Bot as an absolute head scratcher that will further agitate investors at a time the Street is showing growing concern around rising EV competition and safety issues for&nbsp;Tesla,” said Dan Ives, a Wedbush Securities analyst, in a note to clients early Friday.</p><p><blockquote>“不幸的是，正如我们在机器人出租车和马斯克未来的其他科幻项目中所看到的那样，我们认为这款特斯拉机器人绝对令人挠头，在华尔街对电动汽车竞争和安全日益担忧之际，它将进一步激怒投资者。特斯拉的问题，”韦德布什证券分析师Dan Ives在周五早些时候给客户的一份报告中表示。</blockquote></p><p> The safety issues Ives mentions are what investors should be attuned to right now, because it appears the government is finally stepping up and taking note of a problem this column has long pointed out: Musk repeatedly oversells the current and near-term potential for his automotive autonomy advanced technology.</p><p><blockquote>艾夫斯提到的安全问题是投资者现在应该关注的问题，因为政府似乎终于站出来并注意到本专栏长期以来指出的一个问题：马斯克一再高估其汽车自动驾驶先进技术的当前和近期潜力。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> a day before Thursday’s “AI Day” spectacle,two U.S. senators asked the Federal Trade Commission to investigate both Tesla’s and Musk’s “repeated overstatements of their vehicles’ capabilities”in regards to the marketing of Tesla’s “Full Self Driving” product. Tesla charges thousands of dollars at purchase (or as little as $100 a month) for software that is nowhere near full self-driving, a practice that has already led toa recent review by California Department of Motor Vehiclesanda German ruling that Tesla could not market the product as such.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>在周四“人工智能日”奇观的前一天，两名美国参议员要求联邦贸易委员会调查特斯拉和马斯克在特斯拉“全自动驾驶”产品营销方面“一再夸大其车辆功能”的行为。特斯拉对远未完全自动驾驶的软件在购买时收取数千美元（或每月低至100美元）的费用，这种做法已经导致加州机动车辆管理局最近进行审查，德国裁定特斯拉不能销售该产品本身。</blockquote></p><p> “Language matters,” said Selika Talbott, a professorial lecturer in the department of public administration and policy at <a href=\"https://laohu8.com/S/AFG\">American</a> University in <a href=\"https://laohu8.com/S/WASH\">Washington</a> DC. “The use of this terminology is false and misleading and unsafe for the general public. The notions of assisted driving and autonomous vehicles and their differences are not fully understood by the general public.”</p><p><blockquote>“语言很重要，”塞利卡·塔尔博特(Selika Talbott)说。<a href=\"https://laohu8.com/S/AFG\">美国的</a>大学在<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a>直流电。“这个术语的使用是错误的、误导性的，对公众来说是不安全的。辅助驾驶和自动驾驶汽车的概念及其区别并没有被公众完全理解。”</blockquote></p><p> “Tesla has highly assisted technology in their vehicle, but at no point should anyone behind the wheel think that vehicle can drive itself, because it can’t,” Talbott said.</p><p><blockquote>塔尔博特说：“特斯拉在他们的车辆中配备了高度辅助技术，但任何驾驶人员都不应该认为车辆可以自动驾驶，因为它不能。”</blockquote></p><p> The week began with news of a federal investigation into Tesla’s Autopilot system after cars using the feature crashed into stopped emergency vehicles.The <a href=\"https://laohu8.com/S/NHLD\">National</a> <a href=\"https://laohu8.com/S/HIHO\">Highway</a> Traffic Safety Administration is looking into a series of crashesby Tesla cars that had the advanced driver-assistance system enabled. NHTSA said that itopened an inquiry into 11 Tesla crashesthat involved emergency vehicles, while still investigating a series of collisions involving cars enabled with <a href=\"https://laohu8.com/S/AEIS\">Advanced</a> Driver Assistance Systems (ADAS) and tractor-trailers.</p><p><blockquote>本周伊始，有消息称，使用该功能的汽车撞上了停下来的紧急车辆，联邦政府对特斯拉的自动驾驶系统进行了调查。<a href=\"https://laohu8.com/S/NHLD\">国家的</a><a href=\"https://laohu8.com/S/HIHO\">公路</a>交通安全管理局正在调查一系列启用了高级驾驶员辅助系统的特斯拉汽车发生的撞车事故。NHTSA表示，已对11起涉及紧急车辆的特斯拉事故展开调查，同时仍在调查一系列涉及启用紧急车辆的汽车的碰撞事故<a href=\"https://laohu8.com/S/AEIS\">先进的</a>驾驶员辅助系统（ADAS）和牵引车拖车。</blockquote></p><p> The latest outcry on Capitol <a href=\"https://laohu8.com/S/HIL\">Hill</a> follows a stream of news reports and/or social media posts and YouTube videos of drivers engaging in extremely risky behavior while testing the so-called self-driving features of their Tesla. In May, Steven Michael Hendrickson,a 35-year-old father of two in Fontana, Calif., died when his Tesla hit an overturned semitruck. Earlier he had posted videos of driving without his hands on the wheel of his car on the freeway, but the NHTSA was still investigating the role of Autopilot in the crash.</p><p><blockquote>国会大厦的最新抗议<a href=\"https://laohu8.com/S/HIL\">山丘</a>关注一系列新闻报道和/或社交媒体帖子和YouTube视频，这些视频显示司机在测试特斯拉的所谓自动驾驶功能时做出了极其危险的行为。今年5月，加利福尼亚州丰塔纳市35岁的两个孩子的父亲Steven Michael Hendrickson在他的特斯拉撞上一辆翻倒的半挂卡车时死亡。早些时候，他发布了在高速公路上双手不放在方向盘上驾驶的视频，但NHTSA仍在调查自动驾驶仪在事故中的作用。</blockquote></p><p> “The vehicles that Tesla is producing are driver-assisted systems,” said Bryan Reimer, a research scientist at the MIT Center for Transportation and Logistics. “They are assisting the driver, and the driver needs to maintain vigilance.”</p><p><blockquote>“特斯拉正在生产的车辆是驾驶辅助系统，”麻省理工学院运输和物流中心的研究科学家布莱恩·赖默说。“他们在协助司机，司机需要保持警惕。”</blockquote></p><p></p><p> It is important to note the difference between Tesla’s dual products with misleading names. “Autopilot” is an ADAS system, a highly advanced version of cruise control meant for highway driving that enables “your car to steer, accelerate and brake automatically within its lane under your active supervision, assisting with the most burdensome parts of driving,” according to Tesla’s website. Tesla also offers the “FSD” package, now available by a subscription of $99 to $199 a month, which it describes as “access to a suite of more advanced driver assistance features, designed to provide more active guidance and assisted driving under your active supervision.”</p><p><blockquote>值得注意的是，特斯拉具有误导性名称的双产品之间的差异。“Autopilot”是一种ADAS系统，是一种高度先进的巡航控制版本，适用于高速公路驾驶，使“您的汽车能够在您的主动监督下在车道内自动转向、加速和制动，协助驾驶中最繁重的部分”。特斯拉的网站。特斯拉还提供“FSD”套餐，现在每月订阅费用为99至199美元，其将其描述为“访问一套更先进的驾驶员辅助功能，旨在在您的主动监督下提供更主动的指导和辅助驾驶。”</blockquote></p><p> If only Musk described these systems in a similar manner to the official website. In analyst conference calls and in Tesla’s multi-hour long presentations to its fan base, Musk has been proclaiming that with this software, full autonomy is around the corner.</p><p><blockquote>要是马斯克用和官网类似的方式描述这些系统就好了。在评级分析师会议上以及特斯拉向其粉丝群进行的长达数小时的演示中，马斯克一直宣称，有了这款软件，完全自主指日可待。</blockquote></p><p> “We&nbsp;basically&nbsp;have&nbsp;to&nbsp;solve&nbsp;real-world vision AI and we are,” he said in an earnings call in April. “And the key to solving this is also having some massive data set. So just having well over <a href=\"https://laohu8.com/S/AONE.U\">one</a> million cars on the road that are collecting data… But I am highly confident that we&nbsp;will&nbsp;get&nbsp;this&nbsp;done.”</p><p><blockquote>“我们基本上必须解决现实世界的视觉人工智能，我们确实做到了，”他在4月份的财报看涨期权上表示。“解决这个问题的关键还在于拥有一些大规模的数据集。所以只要有足够的数据集<a href=\"https://laohu8.com/S/AONE.U\">一</a>道路上有数百万辆汽车正在收集数据……但我非常有信心我们能够完成这项工作。”</blockquote></p><p> But for all of Musk’s bluster and huge fan base, investors are starting to note that the company’s tactics involving full self-driving technology are dangerous, as opposed to the other companies that are testing autonomous vehicles.</p><p><blockquote>但尽管马斯克夸夸其谈，拥有庞大的粉丝群，但投资者开始注意到，与其他正在测试自动驾驶汽车的公司相比，该公司涉及全自动驾驶技术的策略是危险的。</blockquote></p><p> For example, <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc.’sGOOGGOOGLWaymo, the company with the most hours of autonomous vehicle driving, is currently operating a small scale robotaxi service in parts of Arizona around Phoenix that are not densely populated, without human drivers. It is the only one of its kind in the U.S. In California, Waymo has permits from the DMV to conduct AV testing with a human driver behind the wheel.</p><p><blockquote>例如，<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>Inc.旗下的GOOGGOOGLWaymo是自动驾驶汽车时间最长的公司，目前正在亚利桑那州凤凰城周围人口不稠密的地区运营小规模机器人出租车服务，没有人类司机。这是美国唯一一家此类公司。在加利福尼亚州，Waymo获得了DMV的许可，可以在人类驾驶员驾驶的情况下进行AV测试。</blockquote></p><p> “Waymo cannot just start selling their AVs to anyone, and they can’t just drive them on the roadway, our regulatory system does not allow for that,” Talbott of <a href=\"https://laohu8.com/S/AMSWA\">American</a> University said. “You can test them but no publicly available self-driving car is on the market for purchase because it doesn’t exist.”</p><p><blockquote>“Waymo不能开始向任何人出售他们的自动驾驶汽车，他们也不能只是在道路上驾驶它们，我们的监管体系不允许这样做，”<a href=\"https://laohu8.com/S/AMSWA\">美国的</a>大学表示。“你可以测试它们，但市场上没有公开的自动驾驶汽车可供购买，因为它不存在。”</blockquote></p><p> With FSD testing being done in the real world with untrained drivers, Tesla is conducting the equivalent of clinical trials of a new drug without any professional hourly or daily monitoring of the patient.</p><p><blockquote>随着FSD测试在现实世界中由未经训练的驾驶员进行，特斯拉正在进行相当于新药临床试验的试验，而无需对患者进行任何专业的每小时或每天监测。</blockquote></p><p> “They are calling it beta, it is a beta system, they are exposing people to substantive risk,” Reimer said.</p><p><blockquote>“他们称之为测试版，这是一个测试版系统，他们让人们面临重大风险，”赖默说。</blockquote></p><p> Musk’s latest bot is yet another distraction, much like the flame thrower in 2018 sold by his Boring Company, his unwanted assistance to try and help the boys stuck in a cave in Thailand, and other projects. Investors should not let these distractions get in the way of the real issues that Musk seems to be refusing to acknowledge as he continues to oversell his company’s technological abilities.</p><p><blockquote>马斯克的最新机器人是另一个干扰，就像他的Boring Company在2018年出售的火焰喷射器、他试图帮助被困在泰国洞穴中的男孩的不必要的帮助以及其他项目一样。投资者不应该让这些干扰妨碍马斯克似乎拒绝承认的真正问题，因为他继续夸大公司的技术能力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/ignore-elon-musks-dancing-distraction-and-face-the-dangers-ahead-for-tesla-11629488276?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/ignore-elon-musks-dancing-distraction-and-face-the-dangers-ahead-for-tesla-11629488276?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1107075259","content_text":"Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.\n\nInvestors should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.\nAt Tesla Motors’s AI Day late Thursday, self-named Technoking Musk said that the company is working on a humanoid robot as “Tesla is arguably the world’s biggest robotics company because our cars are like semi-sentient robots on wheels.”\nAfter a white-suited human did a brief dance for the believers in the audience and on a livestream, Musk came on the stage and showed only computer-generated images of a 5’8″ humanoid robot thathe claimed Tesla will produce a prototype of sometime next year. He inferred it could be used for manufacturing or boring repetitive tasks, like grocery shopping and will have a full self-driving computer.\nAs always with Musk and Tesla, the timeline is highly doubtful to anyone with basic knowledge of the technology in question. Fortunately, the antics did not fool everyone on Wall Street, some of whom may be getting tired of his shenanigans.\n“Unfortunately, as we have seen with robotaxis and other future sci-fi projects for Musk, we view this Tesla Bot as an absolute head scratcher that will further agitate investors at a time the Street is showing growing concern around rising EV competition and safety issues for Tesla,” said Dan Ives, a Wedbush Securities analyst, in a note to clients early Friday.\nThe safety issues Ives mentions are what investors should be attuned to right now, because it appears the government is finally stepping up and taking note of a problem this column has long pointed out: Musk repeatedly oversells the current and near-term potential for his automotive autonomy advanced technology.\nJust a day before Thursday’s “AI Day” spectacle,two U.S. senators asked the Federal Trade Commission to investigate both Tesla’s and Musk’s “repeated overstatements of their vehicles’ capabilities”in regards to the marketing of Tesla’s “Full Self Driving” product. Tesla charges thousands of dollars at purchase (or as little as $100 a month) for software that is nowhere near full self-driving, a practice that has already led toa recent review by California Department of Motor Vehiclesanda German ruling that Tesla could not market the product as such.\n“Language matters,” said Selika Talbott, a professorial lecturer in the department of public administration and policy at American University in Washington DC. “The use of this terminology is false and misleading and unsafe for the general public. The notions of assisted driving and autonomous vehicles and their differences are not fully understood by the general public.”\n“Tesla has highly assisted technology in their vehicle, but at no point should anyone behind the wheel think that vehicle can drive itself, because it can’t,” Talbott said.\nThe week began with news of a federal investigation into Tesla’s Autopilot system after cars using the feature crashed into stopped emergency vehicles.The National Highway Traffic Safety Administration is looking into a series of crashesby Tesla cars that had the advanced driver-assistance system enabled. NHTSA said that itopened an inquiry into 11 Tesla crashesthat involved emergency vehicles, while still investigating a series of collisions involving cars enabled with Advanced Driver Assistance Systems (ADAS) and tractor-trailers.\nThe latest outcry on Capitol Hill follows a stream of news reports and/or social media posts and YouTube videos of drivers engaging in extremely risky behavior while testing the so-called self-driving features of their Tesla. In May, Steven Michael Hendrickson,a 35-year-old father of two in Fontana, Calif., died when his Tesla hit an overturned semitruck. Earlier he had posted videos of driving without his hands on the wheel of his car on the freeway, but the NHTSA was still investigating the role of Autopilot in the crash.\n“The vehicles that Tesla is producing are driver-assisted systems,” said Bryan Reimer, a research scientist at the MIT Center for Transportation and Logistics. “They are assisting the driver, and the driver needs to maintain vigilance.”\nIt is important to note the difference between Tesla’s dual products with misleading names. “Autopilot” is an ADAS system, a highly advanced version of cruise control meant for highway driving that enables “your car to steer, accelerate and brake automatically within its lane under your active supervision, assisting with the most burdensome parts of driving,” according to Tesla’s website. Tesla also offers the “FSD” package, now available by a subscription of $99 to $199 a month, which it describes as “access to a suite of more advanced driver assistance features, designed to provide more active guidance and assisted driving under your active supervision.”\nIf only Musk described these systems in a similar manner to the official website. In analyst conference calls and in Tesla’s multi-hour long presentations to its fan base, Musk has been proclaiming that with this software, full autonomy is around the corner.\n“We basically have to solve real-world vision AI and we are,” he said in an earnings call in April. “And the key to solving this is also having some massive data set. So just having well over one million cars on the road that are collecting data… But I am highly confident that we will get this done.”\nBut for all of Musk’s bluster and huge fan base, investors are starting to note that the company’s tactics involving full self-driving technology are dangerous, as opposed to the other companies that are testing autonomous vehicles.\nFor example, Alphabet Inc.’sGOOGGOOGLWaymo, the company with the most hours of autonomous vehicle driving, is currently operating a small scale robotaxi service in parts of Arizona around Phoenix that are not densely populated, without human drivers. It is the only one of its kind in the U.S. In California, Waymo has permits from the DMV to conduct AV testing with a human driver behind the wheel.\n“Waymo cannot just start selling their AVs to anyone, and they can’t just drive them on the roadway, our regulatory system does not allow for that,” Talbott of American University said. “You can test them but no publicly available self-driving car is on the market for purchase because it doesn’t exist.”\nWith FSD testing being done in the real world with untrained drivers, Tesla is conducting the equivalent of clinical trials of a new drug without any professional hourly or daily monitoring of the patient.\n“They are calling it beta, it is a beta system, they are exposing people to substantive risk,” Reimer said.\nMusk’s latest bot is yet another distraction, much like the flame thrower in 2018 sold by his Boring Company, his unwanted assistance to try and help the boys stuck in a cave in Thailand, and other projects. Investors should not let these distractions get in the way of the real issues that Musk seems to be refusing to acknowledge as he continues to oversell his company’s technological abilities.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810912743,"gmtCreate":1629939111582,"gmtModify":1633681331113,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Bad for vaccination exercise and stock price. Pls like my post.","listText":"Bad for vaccination exercise and stock price. Pls like my post.","text":"Bad for vaccination exercise and stock price. Pls like my post.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/810912743","repostId":"2162638260","repostType":4,"isVote":1,"tweetType":1,"viewCount":1455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805410881,"gmtCreate":1627898009343,"gmtModify":1633755496294,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Worth monitoring","listText":"Worth monitoring","text":"Worth monitoring","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805410881","repostId":"1100714317","repostType":4,"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810917248,"gmtCreate":1629939223684,"gmtModify":1633681328789,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Hey there I need a like. Thank you and have a nice day","listText":"Hey there I need a like. Thank you and have a nice day","text":"Hey there I need a like. Thank you and have a nice day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/810917248","repostId":"1197778368","repostType":4,"isVote":1,"tweetType":1,"viewCount":977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830815101,"gmtCreate":1629043590303,"gmtModify":1633687805297,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830815101","repostId":"1138531277","repostType":4,"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899571778,"gmtCreate":1628208470894,"gmtModify":1633752657378,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899571778","repostId":"1121278921","repostType":4,"repost":{"id":"1121278921","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628206085,"share":"https://www.laohu8.com/m/news/1121278921?lang=zh_CN&edition=full","pubTime":"2021-08-06 07:28","market":"us","language":"en","title":"Dropbox Q2 Results Beat Estimates<blockquote>Dropbox第二季度业绩超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121278921","media":"Tiger Newspress","summary":"Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.40 per share which beat the analyst consensus","content":"<p>Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.33 by 21.21 percent. This is a 81.82 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $530.60 million which beat the analyst consensus estimate of $524.06 million by 1.25 percent. This is a 13.52 percent increase over sales of $467.40 million the same period last year.</p><p><blockquote>Dropbox（纳斯达克股票代码：DBX）报告季度收益为每股0.40美元，比分析师普遍预期的0.33美元高出21.21%。这比去年同期每股收益0.22美元增长了81.82%。该公司报告季度销售额为5.306亿美元，比分析师普遍预期的5.2406亿美元高出1.25%。这比去年同期4.674亿美元的销售额增长了13.52%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/742cd0cea3dc944f5ab9f4dc573b374b\" tg-width=\"1104\" tg-height=\"716\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Dropbox&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;4%&nbsp;in extended trading.</p><p><blockquote>Dropbox股价在盘后交易中上涨近4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c70d7b79260e68738b980cece07e5b1c\" tg-width=\"900\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Second Quarter Fiscal 2021 Results</b></p><p><blockquote><b>2021财年第二季度业绩</b></blockquote></p><p> <ul>  <li>Total revenue was$530.6 million, an increase of 13.5% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.4%.(1)</li> </ul> <ul>  <li>Total ARR ended at$2.166 billion, an increase of$53.8 millionquarter-over-quarter and an increase of 12.2% year-over-year. On a constant currency basis, year-over-year growth would have been 10.6%.(2)</li> </ul> <ul>  <li>Paying users ended at 16.14 million, as compared to 14.96 million for the same period last year. Average revenue per paying user was$133.15, as compared to$126.88for the same period last year.</li> </ul> <ul>  <li>GAAP gross margin was 79.8%, as compared to 78.1% in the same period last year. Non-GAAP gross margin was 81.2%, as compared to 79.2% in the same period last year.</li> </ul> <ul>  <li>GAAP operating margin was 15.9%, as compared to 2.7% in the same period last year. Non-GAAP operating margin was 31.9%, as compared to 20.6% in the same period last year.</li> </ul> <ul>  <li>GAAP net income was$88.0 million, as compared to$17.5 millionin the same period last year. Non-GAAP net income was$160.5 million, as compared to$93.2 millionin the same period last year.</li> </ul> <ul>  <li>Net cash provided by operating activities was$219.9 million, as compared to$145.9 millionin the same period last year. Free cash flow was$216.0 million, as compared to$119.8 millionin the same period last year.</li> </ul> <ul>  <li>GAAP diluted net income per share attributable to common stockholders was$0.22, as compared to$0.04in the same period last year. Non-GAAP diluted net income per share attributable to common stockholders was$0.40, as compared to$0.22in the same period last year.(3)</li> </ul> <ul>  <li>Cash, cash equivalents and short-term investments ended at$1.944 billion.</li> </ul> </p><p><blockquote><ul><li>总收入为5.306亿美元，较去年同期增长13.5%。按固定汇率计算，同比增长率为11.4%。(1)</li></ul><ul><li>ARR总额为21.66亿美元，环比增加5380万美元，同比增长12.2%。按固定汇率计算，同比增长率为10.6%。(2)</li></ul><ul><li>付费用户为1614万，去年同期为1496万。每个付费用户的平均收入为133.15美元，去年同期为126.88美元。</li></ul><ul><li>GAAP毛利率为79.8%，去年同期为78.1%。非GAAP毛利率为81.2%，去年同期为79.2%。</li></ul><ul><li>GAAP营业利润率为15.9%，去年同期为2.7%。非GAAP营业利润率为31.9%，去年同期为20.6%。</li></ul><ul><li>GAAP净利润为8800万美元，去年同期为1750万美元。非GAAP净利润为1.605亿美元，去年同期为9320万美元。</li></ul><ul><li>经营活动提供的净现金为2.199亿美元，去年同期为1.459亿美元。自由现金流为2.16亿美元，去年同期为1.198亿美元。</li></ul><ul><li>GAAP摊薄后归属于普通股股东的每股净利润为0.22美元，去年同期为0.04美元。非GAAP稀释后归属于普通股股东的每股净利润为0.40美元，去年同期为0.22美元。(3)</li></ul><ul><li>现金、现金等价物和短期投资为19.44亿美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dropbox Q2 Results Beat Estimates<blockquote>Dropbox第二季度业绩超出预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDropbox Q2 Results Beat Estimates<blockquote>Dropbox第二季度业绩超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-06 07:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.33 by 21.21 percent. This is a 81.82 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $530.60 million which beat the analyst consensus estimate of $524.06 million by 1.25 percent. This is a 13.52 percent increase over sales of $467.40 million the same period last year.</p><p><blockquote>Dropbox（纳斯达克股票代码：DBX）报告季度收益为每股0.40美元，比分析师普遍预期的0.33美元高出21.21%。这比去年同期每股收益0.22美元增长了81.82%。该公司报告季度销售额为5.306亿美元，比分析师普遍预期的5.2406亿美元高出1.25%。这比去年同期4.674亿美元的销售额增长了13.52%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/742cd0cea3dc944f5ab9f4dc573b374b\" tg-width=\"1104\" tg-height=\"716\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Dropbox&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;4%&nbsp;in extended trading.</p><p><blockquote>Dropbox股价在盘后交易中上涨近4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c70d7b79260e68738b980cece07e5b1c\" tg-width=\"900\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Second Quarter Fiscal 2021 Results</b></p><p><blockquote><b>2021财年第二季度业绩</b></blockquote></p><p> <ul>  <li>Total revenue was$530.6 million, an increase of 13.5% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.4%.(1)</li> </ul> <ul>  <li>Total ARR ended at$2.166 billion, an increase of$53.8 millionquarter-over-quarter and an increase of 12.2% year-over-year. On a constant currency basis, year-over-year growth would have been 10.6%.(2)</li> </ul> <ul>  <li>Paying users ended at 16.14 million, as compared to 14.96 million for the same period last year. Average revenue per paying user was$133.15, as compared to$126.88for the same period last year.</li> </ul> <ul>  <li>GAAP gross margin was 79.8%, as compared to 78.1% in the same period last year. Non-GAAP gross margin was 81.2%, as compared to 79.2% in the same period last year.</li> </ul> <ul>  <li>GAAP operating margin was 15.9%, as compared to 2.7% in the same period last year. Non-GAAP operating margin was 31.9%, as compared to 20.6% in the same period last year.</li> </ul> <ul>  <li>GAAP net income was$88.0 million, as compared to$17.5 millionin the same period last year. Non-GAAP net income was$160.5 million, as compared to$93.2 millionin the same period last year.</li> </ul> <ul>  <li>Net cash provided by operating activities was$219.9 million, as compared to$145.9 millionin the same period last year. Free cash flow was$216.0 million, as compared to$119.8 millionin the same period last year.</li> </ul> <ul>  <li>GAAP diluted net income per share attributable to common stockholders was$0.22, as compared to$0.04in the same period last year. Non-GAAP diluted net income per share attributable to common stockholders was$0.40, as compared to$0.22in the same period last year.(3)</li> </ul> <ul>  <li>Cash, cash equivalents and short-term investments ended at$1.944 billion.</li> </ul> </p><p><blockquote><ul><li>总收入为5.306亿美元，较去年同期增长13.5%。按固定汇率计算，同比增长率为11.4%。(1)</li></ul><ul><li>ARR总额为21.66亿美元，环比增加5380万美元，同比增长12.2%。按固定汇率计算，同比增长率为10.6%。(2)</li></ul><ul><li>付费用户为1614万，去年同期为1496万。每个付费用户的平均收入为133.15美元，去年同期为126.88美元。</li></ul><ul><li>GAAP毛利率为79.8%，去年同期为78.1%。非GAAP毛利率为81.2%，去年同期为79.2%。</li></ul><ul><li>GAAP营业利润率为15.9%，去年同期为2.7%。非GAAP营业利润率为31.9%，去年同期为20.6%。</li></ul><ul><li>GAAP净利润为8800万美元，去年同期为1750万美元。非GAAP净利润为1.605亿美元，去年同期为9320万美元。</li></ul><ul><li>经营活动提供的净现金为2.199亿美元，去年同期为1.459亿美元。自由现金流为2.16亿美元，去年同期为1.198亿美元。</li></ul><ul><li>GAAP摊薄后归属于普通股股东的每股净利润为0.22美元，去年同期为0.04美元。非GAAP稀释后归属于普通股股东的每股净利润为0.40美元，去年同期为0.22美元。(3)</li></ul><ul><li>现金、现金等价物和短期投资为19.44亿美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DBX":"Dropbox Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121278921","content_text":"Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.33 by 21.21 percent. This is a 81.82 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $530.60 million which beat the analyst consensus estimate of $524.06 million by 1.25 percent. This is a 13.52 percent increase over sales of $467.40 million the same period last year.\n\nDropbox shares rose nearly 4% in extended trading.\n\nSecond Quarter Fiscal 2021 Results\n\nTotal revenue was$530.6 million, an increase of 13.5% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.4%.(1)\n\n\nTotal ARR ended at$2.166 billion, an increase of$53.8 millionquarter-over-quarter and an increase of 12.2% year-over-year. On a constant currency basis, year-over-year growth would have been 10.6%.(2)\n\n\nPaying users ended at 16.14 million, as compared to 14.96 million for the same period last year. Average revenue per paying user was$133.15, as compared to$126.88for the same period last year.\n\n\nGAAP gross margin was 79.8%, as compared to 78.1% in the same period last year. Non-GAAP gross margin was 81.2%, as compared to 79.2% in the same period last year.\n\n\nGAAP operating margin was 15.9%, as compared to 2.7% in the same period last year. Non-GAAP operating margin was 31.9%, as compared to 20.6% in the same period last year.\n\n\nGAAP net income was$88.0 million, as compared to$17.5 millionin the same period last year. Non-GAAP net income was$160.5 million, as compared to$93.2 millionin the same period last year.\n\n\nNet cash provided by operating activities was$219.9 million, as compared to$145.9 millionin the same period last year. Free cash flow was$216.0 million, as compared to$119.8 millionin the same period last year.\n\n\nGAAP diluted net income per share attributable to common stockholders was$0.22, as compared to$0.04in the same period last year. Non-GAAP diluted net income per share attributable to common stockholders was$0.40, as compared to$0.22in the same period last year.(3)\n\n\nCash, cash equivalents and short-term investments ended at$1.944 billion.","news_type":1,"symbols_score_info":{"DBX":0.9}},"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811794090,"gmtCreate":1630344299810,"gmtModify":1704958874141,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Like my post and u will huat big","listText":"Like my post and u will huat big","text":"Like my post and u will huat big","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811794090","repostId":"1175518391","repostType":4,"repost":{"id":"1175518391","kind":"news","pubTimestamp":1630331966,"share":"https://www.laohu8.com/m/news/1175518391?lang=zh_CN&edition=full","pubTime":"2021-08-30 21:59","market":"fut","language":"en","title":"Here's why this billionaire investor predicts cryptocurrencies will 'go to zero'<blockquote>这就是为什么这位亿万富翁投资者预测加密货币将“归零”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175518391","media":"Thestreet","summary":"Billionaire investor John Paulson had harsh words for cryptocurrencies Monday, calling digital curre","content":"<p>Billionaire investor John Paulson had harsh words for cryptocurrencies Monday, calling digital currencies \"a limited supply of nothing.\"</p><p><blockquote>亿万富翁投资者约翰·保尔森周一对加密货币发表了严厉的言论，称数字货币“供应有限”。</blockquote></p><p> Paulson,&nbsp;co-founder of Carlyle Group who became famous in 2007 by shorting the US housing market,&nbsp;made the comments to “Bloomberg Wealth with David Rubenstein,\" adding that cryptocurrencies are a bubble that will \"eventually prove to be worthless.”</p><p><blockquote>2007年因做空美国房地产市场而成名的凯雷集团联合创始人保尔森向《大卫·鲁宾斯坦的彭博财富》发表了上述言论，并补充说，加密货币是一个泡沫，“最终将被证明一文不值”。</blockquote></p><p> \"I would describe them as a limited supply of nothing,\" he said. \"There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount.\"</p><p><blockquote>“我会把它们描述为供应有限，什么都没有，”他说。“除了数量有限之外，任何加密货币都没有内在价值。”</blockquote></p><p> \"Once the exuberance wears off, or liquidity dries up, they will go to zero,\" he added. \"I wouldn’t recommend anyone invest in cryptocurrencies.\"</p><p><blockquote>“一旦繁荣消退，或者流动性枯竭，它们就会归零，”他补充道。“我不建议任何人投资加密货币。”</blockquote></p><p> Bitcoin was off nearly 1% to $47,818 on Monday, according to CoinDesk, but it sill holding on to a year-to-date gain of 65.5%, while Ethereum was down slightly at $3,179 and Dogecoin was off marginally at 27 cents each.</p><p><blockquote>根据CoinDesk的数据，比特币周一下跌近1%，至47,818美元，但仍保持今年迄今65.5%的涨幅，而以太币小幅下跌至3,179美元，狗狗币小幅下跌27美分。</blockquote></p><p> James Edwards, cryptocurrency specialist at&nbsp;Finder, said \"Bitcoin is taking a back seat right now as the competition between layer-1 protocols like Cardano, Solana and Avalanche heats up.\"</p><p><blockquote>Finder的加密货币专家James Edwards表示，“随着Cardano、Solana和Avalanche等第1层协议之间的竞争加剧，比特币现在正在退居二线。”</blockquote></p><p> \"Bitcoin is likely to hover around psychological resistance at $50,000 until a catalyst event stimulates the next wave of buying,\" he said.</p><p><blockquote>他表示：“比特币可能会在50,000美元的心理阻力附近徘徊，直到催化剂事件刺激下一波买盘。”</blockquote></p><p> Markets are still focused on the public narrative right now, Edwards added, \"so if there is no major news event such as another major tech company adding Bitcoin to their balance sheet, then I wouldn't be surprised to see it retrace as low as $43,000, based on previous market cycles.\"</p><p><blockquote>Edwards补充道，目前市场仍然关注公众叙事，“因此，如果没有重大新闻事件，例如另一家大型科技公司将比特币纳入其资产负债表，那么我不会惊讶地看到其回撤低至43,000美元，基于之前的市场周期。”</blockquote></p><p> In other cryptocurrency news,&nbsp;Citigroup&nbsp;(<b>C</b>) -Get Citigroup Inc. Report&nbsp;said last week it was considering offering bitcoin futures trading for some institutional clients, citing increased demand in the cryptocurrency space.</p><p><blockquote>在其他加密货币新闻中，花旗集团（<b>C</b>)-获取花旗集团报告上周表示，该公司正在考虑为一些机构客户提供比特币期货交易，理由是加密货币领域的需求增加。</blockquote></p><p> Cryptocurrency analysts noted that governments around the world are stepping up their efforts to regulated cryptocurrencies.</p><p><blockquote>加密货币分析师指出，世界各国政府正在加大对加密货币的监管力度。</blockquote></p><p> Winston Ma, a former managing director and head of North America at China Investment Corp., said Canada has been enforcing a tightened regime for cryptocurrency exchanges in recent months.</p><p><blockquote>中国投资公司（China Investment Corp.）前董事总经理兼北美负责人温斯顿·马（Winston Ma）表示，近几个月来，加拿大一直在对加密货币交易所实施更严格的制度。</blockquote></p><p> He noted that the Ontario Securities Commission has barred a pair of trading platforms that offer crypto services from trading the popular stablecoin Tether, according to regulatory documents.</p><p><blockquote>他指出，根据监管文件，安大略省证券委员会已禁止两家提供加密服务的交易平台交易流行的稳定币泰达币。</blockquote></p><p> \"It seems that Canada is joining the US and China, the two largest crypto markets and also the two most powerful regulatory enforcers, in taking regulatory actions against stablecoins like Tether,\" said Ma.,&nbsp;author of \"The Digital War - How China’s Tech Power Shapes the Future of AI, Blockchain and Cyberspace.\"</p><p><blockquote>“加拿大似乎正在加入美国和中国这两个最大的加密货币市场，也是两个最强大的监管执法者的行列，对泰达币等稳定币采取监管行动，”《数字战争——中国的技术力量如何塑造人工智能、区块链和网络空间的未来。”</blockquote></p><p> While the major economies of the world don’t agree on much these days. Ma said \"there’s one issue on which both superpowers see eye to eye: the regulation of 'stablecoins'”.</p><p><blockquote>而如今世界主要经济体在很多问题上并没有达成一致。马云表示，“两个超级大国在一个问题上意见一致：‘稳定币’的监管”。</blockquote></p><p> David Lesperance, managing partner of immigration and tax adviser withLesperance &amp; Associates, said \"those with undisclosed cryptocurrency are facing a cross-roads.\"</p><p><blockquote>Lesperance&amp;Associates移民和税务顾问的管理合伙人David Lesperance说：“那些拥有未披露加密货币的人正面临一个十字路口。”</blockquote></p><p> They can either retain expert counsel to do a tax efficient disclosure to bring themselves in compliance, or \"condemn yourself to playing hide and seek with a tax authority who has unlimited time and resources and is joined globally by other tax authorities who can also out you.\"</p><p><blockquote>他们可以聘请专家顾问来进行税务高效的披露，以使自己合规，或者“谴责自己与拥有无限时间和资源的税务机关玩捉迷藏，并且在全球范围内还有其他税务机关也可以击败你。”</blockquote></p><p> For those who had previously chosen \"Path B\" because they thought they could hide behind \"mixers\",&nbsp;Lesperance said, they should note the case of Larry Dean Harmon.</p><p><blockquote>莱斯佩兰斯说，对于那些以前因为认为可以躲在“混合器”后面而选择“路径B”的人来说，他们应该注意拉里·迪恩·哈蒙的案例。</blockquote></p><p> Harmon,&nbsp;38, of Akron, Ohio,&nbsp;ran a mixer called Helix, which federal investigators said&nbsp;allowed customers for a fee, to send bitcoin to designated recipients in a manner that was designed to conceal the source or owner of the bitcoin</p><p><blockquote>38岁的Harmon来自Akron，他经营着一家名为Helix的混音器，联邦调查人员称，该混音器允许用户付费向指定收件人发送比特币，其目的是隐藏比特币的来源或所有者</blockquote></p><p> \"Harmon pleaded guilty recently&nbsp;conspiracy to launder monetary instruments,\"&nbsp;Lesperance said.&nbsp;\"Facing up to 20 years in prison, it is reasonable to think that his records are a major bargaining chip in his sentencing negotiations.\"</p><p><blockquote>“哈蒙最近承认共谋洗钱，”莱斯佩兰斯说，“面临最高20年的监禁，有理由认为他的记录是他量刑谈判的一个主要筹码。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's why this billionaire investor predicts cryptocurrencies will 'go to zero'<blockquote>这就是为什么这位亿万富翁投资者预测加密货币将“归零”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's why this billionaire investor predicts cryptocurrencies will 'go to zero'<blockquote>这就是为什么这位亿万富翁投资者预测加密货币将“归零”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-08-30 21:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Billionaire investor John Paulson had harsh words for cryptocurrencies Monday, calling digital currencies \"a limited supply of nothing.\"</p><p><blockquote>亿万富翁投资者约翰·保尔森周一对加密货币发表了严厉的言论，称数字货币“供应有限”。</blockquote></p><p> Paulson,&nbsp;co-founder of Carlyle Group who became famous in 2007 by shorting the US housing market,&nbsp;made the comments to “Bloomberg Wealth with David Rubenstein,\" adding that cryptocurrencies are a bubble that will \"eventually prove to be worthless.”</p><p><blockquote>2007年因做空美国房地产市场而成名的凯雷集团联合创始人保尔森向《大卫·鲁宾斯坦的彭博财富》发表了上述言论，并补充说，加密货币是一个泡沫，“最终将被证明一文不值”。</blockquote></p><p> \"I would describe them as a limited supply of nothing,\" he said. \"There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount.\"</p><p><blockquote>“我会把它们描述为供应有限，什么都没有，”他说。“除了数量有限之外，任何加密货币都没有内在价值。”</blockquote></p><p> \"Once the exuberance wears off, or liquidity dries up, they will go to zero,\" he added. \"I wouldn’t recommend anyone invest in cryptocurrencies.\"</p><p><blockquote>“一旦繁荣消退，或者流动性枯竭，它们就会归零，”他补充道。“我不建议任何人投资加密货币。”</blockquote></p><p> Bitcoin was off nearly 1% to $47,818 on Monday, according to CoinDesk, but it sill holding on to a year-to-date gain of 65.5%, while Ethereum was down slightly at $3,179 and Dogecoin was off marginally at 27 cents each.</p><p><blockquote>根据CoinDesk的数据，比特币周一下跌近1%，至47,818美元，但仍保持今年迄今65.5%的涨幅，而以太币小幅下跌至3,179美元，狗狗币小幅下跌27美分。</blockquote></p><p> James Edwards, cryptocurrency specialist at&nbsp;Finder, said \"Bitcoin is taking a back seat right now as the competition between layer-1 protocols like Cardano, Solana and Avalanche heats up.\"</p><p><blockquote>Finder的加密货币专家James Edwards表示，“随着Cardano、Solana和Avalanche等第1层协议之间的竞争加剧，比特币现在正在退居二线。”</blockquote></p><p> \"Bitcoin is likely to hover around psychological resistance at $50,000 until a catalyst event stimulates the next wave of buying,\" he said.</p><p><blockquote>他表示：“比特币可能会在50,000美元的心理阻力附近徘徊，直到催化剂事件刺激下一波买盘。”</blockquote></p><p> Markets are still focused on the public narrative right now, Edwards added, \"so if there is no major news event such as another major tech company adding Bitcoin to their balance sheet, then I wouldn't be surprised to see it retrace as low as $43,000, based on previous market cycles.\"</p><p><blockquote>Edwards补充道，目前市场仍然关注公众叙事，“因此，如果没有重大新闻事件，例如另一家大型科技公司将比特币纳入其资产负债表，那么我不会惊讶地看到其回撤低至43,000美元，基于之前的市场周期。”</blockquote></p><p> In other cryptocurrency news,&nbsp;Citigroup&nbsp;(<b>C</b>) -Get Citigroup Inc. Report&nbsp;said last week it was considering offering bitcoin futures trading for some institutional clients, citing increased demand in the cryptocurrency space.</p><p><blockquote>在其他加密货币新闻中，花旗集团（<b>C</b>)-获取花旗集团报告上周表示，该公司正在考虑为一些机构客户提供比特币期货交易，理由是加密货币领域的需求增加。</blockquote></p><p> Cryptocurrency analysts noted that governments around the world are stepping up their efforts to regulated cryptocurrencies.</p><p><blockquote>加密货币分析师指出，世界各国政府正在加大对加密货币的监管力度。</blockquote></p><p> Winston Ma, a former managing director and head of North America at China Investment Corp., said Canada has been enforcing a tightened regime for cryptocurrency exchanges in recent months.</p><p><blockquote>中国投资公司（China Investment Corp.）前董事总经理兼北美负责人温斯顿·马（Winston Ma）表示，近几个月来，加拿大一直在对加密货币交易所实施更严格的制度。</blockquote></p><p> He noted that the Ontario Securities Commission has barred a pair of trading platforms that offer crypto services from trading the popular stablecoin Tether, according to regulatory documents.</p><p><blockquote>他指出，根据监管文件，安大略省证券委员会已禁止两家提供加密服务的交易平台交易流行的稳定币泰达币。</blockquote></p><p> \"It seems that Canada is joining the US and China, the two largest crypto markets and also the two most powerful regulatory enforcers, in taking regulatory actions against stablecoins like Tether,\" said Ma.,&nbsp;author of \"The Digital War - How China’s Tech Power Shapes the Future of AI, Blockchain and Cyberspace.\"</p><p><blockquote>“加拿大似乎正在加入美国和中国这两个最大的加密货币市场，也是两个最强大的监管执法者的行列，对泰达币等稳定币采取监管行动，”《数字战争——中国的技术力量如何塑造人工智能、区块链和网络空间的未来。”</blockquote></p><p> While the major economies of the world don’t agree on much these days. Ma said \"there’s one issue on which both superpowers see eye to eye: the regulation of 'stablecoins'”.</p><p><blockquote>而如今世界主要经济体在很多问题上并没有达成一致。马云表示，“两个超级大国在一个问题上意见一致：‘稳定币’的监管”。</blockquote></p><p> David Lesperance, managing partner of immigration and tax adviser withLesperance &amp; Associates, said \"those with undisclosed cryptocurrency are facing a cross-roads.\"</p><p><blockquote>Lesperance&amp;Associates移民和税务顾问的管理合伙人David Lesperance说：“那些拥有未披露加密货币的人正面临一个十字路口。”</blockquote></p><p> They can either retain expert counsel to do a tax efficient disclosure to bring themselves in compliance, or \"condemn yourself to playing hide and seek with a tax authority who has unlimited time and resources and is joined globally by other tax authorities who can also out you.\"</p><p><blockquote>他们可以聘请专家顾问来进行税务高效的披露，以使自己合规，或者“谴责自己与拥有无限时间和资源的税务机关玩捉迷藏，并且在全球范围内还有其他税务机关也可以击败你。”</blockquote></p><p> For those who had previously chosen \"Path B\" because they thought they could hide behind \"mixers\",&nbsp;Lesperance said, they should note the case of Larry Dean Harmon.</p><p><blockquote>莱斯佩兰斯说，对于那些以前因为认为可以躲在“混合器”后面而选择“路径B”的人来说，他们应该注意拉里·迪恩·哈蒙的案例。</blockquote></p><p> Harmon,&nbsp;38, of Akron, Ohio,&nbsp;ran a mixer called Helix, which federal investigators said&nbsp;allowed customers for a fee, to send bitcoin to designated recipients in a manner that was designed to conceal the source or owner of the bitcoin</p><p><blockquote>38岁的Harmon来自Akron，他经营着一家名为Helix的混音器，联邦调查人员称，该混音器允许用户付费向指定收件人发送比特币，其目的是隐藏比特币的来源或所有者</blockquote></p><p> \"Harmon pleaded guilty recently&nbsp;conspiracy to launder monetary instruments,\"&nbsp;Lesperance said.&nbsp;\"Facing up to 20 years in prison, it is reasonable to think that his records are a major bargaining chip in his sentencing negotiations.\"</p><p><blockquote>“哈蒙最近承认共谋洗钱，”莱斯佩兰斯说，“面临最高20年的监禁，有理由认为他的记录是他量刑谈判的一个主要筹码。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/cryptocurrency-price-check-paulson-calls-crypto-worthless-bubble?puc=yahoo&cm_ven=YAHOO\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.thestreet.com/investing/cryptocurrency-price-check-paulson-calls-crypto-worthless-bubble?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175518391","content_text":"Billionaire investor John Paulson had harsh words for cryptocurrencies Monday, calling digital currencies \"a limited supply of nothing.\"\nPaulson, co-founder of Carlyle Group who became famous in 2007 by shorting the US housing market, made the comments to “Bloomberg Wealth with David Rubenstein,\" adding that cryptocurrencies are a bubble that will \"eventually prove to be worthless.”\n\"I would describe them as a limited supply of nothing,\" he said. \"There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount.\"\n\"Once the exuberance wears off, or liquidity dries up, they will go to zero,\" he added. \"I wouldn’t recommend anyone invest in cryptocurrencies.\"\nBitcoin was off nearly 1% to $47,818 on Monday, according to CoinDesk, but it sill holding on to a year-to-date gain of 65.5%, while Ethereum was down slightly at $3,179 and Dogecoin was off marginally at 27 cents each.\nJames Edwards, cryptocurrency specialist at Finder, said \"Bitcoin is taking a back seat right now as the competition between layer-1 protocols like Cardano, Solana and Avalanche heats up.\"\n\"Bitcoin is likely to hover around psychological resistance at $50,000 until a catalyst event stimulates the next wave of buying,\" he said.\nMarkets are still focused on the public narrative right now, Edwards added, \"so if there is no major news event such as another major tech company adding Bitcoin to their balance sheet, then I wouldn't be surprised to see it retrace as low as $43,000, based on previous market cycles.\"\nIn other cryptocurrency news, Citigroup (C) -Get Citigroup Inc. Report said last week it was considering offering bitcoin futures trading for some institutional clients, citing increased demand in the cryptocurrency space.\nCryptocurrency analysts noted that governments around the world are stepping up their efforts to regulated cryptocurrencies.\nWinston Ma, a former managing director and head of North America at China Investment Corp., said Canada has been enforcing a tightened regime for cryptocurrency exchanges in recent months.\nHe noted that the Ontario Securities Commission has barred a pair of trading platforms that offer crypto services from trading the popular stablecoin Tether, according to regulatory documents.\n\"It seems that Canada is joining the US and China, the two largest crypto markets and also the two most powerful regulatory enforcers, in taking regulatory actions against stablecoins like Tether,\" said Ma., author of \"The Digital War - How China’s Tech Power Shapes the Future of AI, Blockchain and Cyberspace.\"\nWhile the major economies of the world don’t agree on much these days. Ma said \"there’s one issue on which both superpowers see eye to eye: the regulation of 'stablecoins'”.\nDavid Lesperance, managing partner of immigration and tax adviser withLesperance & Associates, said \"those with undisclosed cryptocurrency are facing a cross-roads.\"\nThey can either retain expert counsel to do a tax efficient disclosure to bring themselves in compliance, or \"condemn yourself to playing hide and seek with a tax authority who has unlimited time and resources and is joined globally by other tax authorities who can also out you.\"\nFor those who had previously chosen \"Path B\" because they thought they could hide behind \"mixers\", Lesperance said, they should note the case of Larry Dean Harmon.\nHarmon, 38, of Akron, Ohio, ran a mixer called Helix, which federal investigators said allowed customers for a fee, to send bitcoin to designated recipients in a manner that was designed to conceal the source or owner of the bitcoin\n\"Harmon pleaded guilty recently conspiracy to launder monetary instruments,\" Lesperance said. \"Facing up to 20 years in prison, it is reasonable to think that his records are a major bargaining chip in his sentencing negotiations.\"","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836537826,"gmtCreate":1629506520965,"gmtModify":1631884085581,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Pfizer may not be better too...(Like my comment please)","listText":"Pfizer may not be better too...(Like my comment please)","text":"Pfizer may not be better too...(Like my comment please)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836537826","repostId":"2160710721","repostType":4,"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805350417,"gmtCreate":1627862528439,"gmtModify":1633755920658,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805350417","repostId":"1192956068","repostType":4,"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810917973,"gmtCreate":1629939201992,"gmtModify":1633681329255,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/810917973","repostId":"2162068762","repostType":4,"isVote":1,"tweetType":1,"viewCount":1152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830815045,"gmtCreate":1629043513587,"gmtModify":1633687805642,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"No idea","listText":"No idea","text":"No idea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830815045","repostId":"1133270372","repostType":4,"repost":{"id":"1133270372","kind":"news","pubTimestamp":1628988501,"share":"https://www.laohu8.com/m/news/1133270372?lang=zh_CN&edition=full","pubTime":"2021-08-15 08:48","market":"us","language":"en","title":"Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133270372","media":"seekingalpha","summary":"Summary\n\nPlug Power is active in an attractive industry with huge growth tailwinds.\nIt serves low-ri","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Plug Power is active in an attractive industry with huge growth tailwinds.</li>  <li>It serves low-risk customers and has a strong position in its industry.</li>  <li>Shares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fa1aea5535d99338f385c168062b218\" tg-width=\"1536\" tg-height=\"852\" referrerpolicy=\"no-referrer\"><span>Fokusiert/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源活跃在一个具有巨大增长动力的有吸引力的行业中。</li><li>它服务于低风险客户，在行业中拥有强大的地位。</li><li>股价反映了未来的大量增长，投资者在以当前估值配置资金之前应该考虑实际每股回报可能是什么样子。</li></ul><p class=\"t-img-caption\"><span>Fokusiert/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Plug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.</p><p><blockquote>普拉格能源公司（PLUG）活跃于高增长行业，只要公司能够实现其目标并且管理层执行良好，这就意味着强劲的长期业务增长前景。然而，该公司尚未盈利，实现有意义的净利润的道路仍然存在一些不确定性。从更长远的角度来看，我们可以预计普拉格能源将产生正的净利润，尽管该公司目前的估值相对较高。不过，从风险回报的角度来看，可能有更好的选择，尽管我相信2031年股价将大幅走高。</blockquote></p><p> <b>Plug Power Stock Price</b></p><p><blockquote><b>普拉格能源股价</b></blockquote></p><p> Plug Power, Inc. has seen its share price move up and down violently over the last year:</p><p><blockquote>去年，普拉格能源公司的股价剧烈上下波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d940297249151eddcccf6440d20ef031\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.</p><p><blockquote>股价比12个月前上涨了130%，但与此同时，股价仅为今天历史高点的三分之一。2021年初，其他可再生能源/新能源及相关股票（包括电动汽车）受益于投资者的巨大热情，股价大幅上涨。此后，热情似乎有所降温，股价又回到了20多美元。按目前价格计算，普拉格能源公司的估值为160亿美元，稀释后的股票数量略低于6亿股。分析师目前非常看好该股，因为41美元的一致目标价意味着明年较当前价格有50%左右的上涨潜力。但值得注意的是，近几个月来分析师一致的目标价已被下调，并且未来可能会继续下调。由于不存在利润，PLUG无法以盈利为基础进行估值，但股价约为今年收入的30倍，这相当昂贵。</blockquote></p><p> <b>Plug Power Stock Prediction</b></p><p><blockquote><b>普拉格能源股票预测</b></blockquote></p><p> Plug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:</p><p><blockquote>普拉格能源公司活跃在一个绝对增长的行业，因为氢燃料电池将在未来几年看到巨大的需求增长，因为它们允许作为其他燃料的环保替代品。普拉格能源作为该技术市场领先地位的交钥匙供应商，完全有能力利用这一大趋势。通过包括Brookfield Renewable Partners(BEP)在内的全球合作伙伴网络，普拉格能源正在致力于在全球范围内发展绿色氢产业：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91a8e3b57882e429c9eace431bd1f541\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Plug Power presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：普拉格能源演示</span></p></blockquote></p><p> Plug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.</p><p><blockquote>普拉格能源的绿色氢可用于为卡车、公共汽车和其他车辆提供动力，同时该公司还为公用事业公司使用的兆瓦级柴油发电机提供环保替代品。除此之外，该公司还致力于其他尚未准备好商业化的项目，例如用氢气为飞机提供动力。2024年，即三年后，普拉格能源将在美国运营至少5座氢气厂，美国以及欧洲等海外市场正在建设更多项目。</blockquote></p><p> 80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.</p><p><blockquote>普拉格能源80%的客户是该公司的评级蓝筹客户，其中包括亚马逊（AMZN）等公司。这些公司通常非常倾向于改善其二氧化碳足迹，以获得更好的ESG评级，同时，这些公司是低风险客户，因为其强劲的资产负债表和现金流意味着流动性或偿付能力问题的风险可以忽略不计。总体而言，普拉格能源因此与有吸引力的同行合作，他们的财务火力意味着普拉格能源不会被迫以便宜的价格出售其产品，这就是为什么该公司最近几个季度能够产生相对有吸引力的产品毛利率在30年代。</blockquote></p><p></p><p> Due to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.</p><p><blockquote>然而，由于公司规模仍然相对较小，普拉格能源在净利润或运营基础上均未盈利。相对于普拉格能源产生的收入，该公司的运营费用目前仍然过高。然而，这种情况应该会随着时间的推移而改变，因为运营杠杆和产品利润率的提高应该会使普拉格能源的毛利润相对于运营费用增长，从而提高盈利能力。分析师目前预测2024财年（即三年后）净利润为正。当然，如果普拉格能源已经达到了这一点，那就更好了，但对于长期投资者来说，再有两年的负利润并不是一场灾难。</blockquote></p><p> When investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:</p><p><blockquote>在投资普拉格能源这样的公司时，短期并不太重要，但更重要的是公司收入和利润增长的长期潜力。通过ESG顺风、大规模市场增长及其市场领导地位的结合，普拉格能源似乎处于有利地位，可以在未来许多年增加收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d6f0576ba51f219d85b18d90ccaf6f4\" tg-width=\"640\" tg-height=\"628\" width=\"100%\" height=\"auto\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Analysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.</p><p><blockquote>分析师目前预测，未来三年收入将以每年50%以上的速度增长，而至少到2030年，增长率预计将保持近30%，这相当于极具吸引力的长期增长前景。当然，不能保证这种情况确实会发生，因为商业模式的一些风险仍然存在。该公司尚未盈利，因此未来增长项目的资金理论上可能会成为一个问题。最重要的是，其他财力雄厚的参与者可能会试图扰乱市场或获得市场份额。我相信，由于普拉格能源的领导地位，这种风险并不是很大。但如果市场竞争变得更加激烈，非盈利的普拉格能源如果遭遇市场份额争夺战，可能会给利润率带来压力，可能会遇到问题。</blockquote></p><p> Some execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.</p><p><blockquote>因此，一些执行风险确实仍然存在，投资者不应将上述增长预测视为绝对可靠的清晰预测。然而，相反，上述预测展示了基本情况可能是什么样子，实际结果可能比这更好或更差。总体而言，可以说普拉格能源业务的长期前景非常好，因为随着投资者、公司和消费者越来越重视更小的碳足迹，该公司应该能够在未来许多年以有吸引力的速度增长。然而，一个行业明显的增长前景并不会自动转化为股价上涨。例如，那些在互联网泡沫期间高位购买思科(CSCO)股票的公司，尽管该业务在此期间经历了巨大增长，但22年后的今天仍然处于亏损状态。估值也应该考虑，普拉格能源今天的价格远非便宜。</blockquote></p><p> <b>Plug Power Stock Forecast For 2030</b></p><p><blockquote><b>2030年普拉格能源股票预测</b></blockquote></p><p> Today, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.</p><p><blockquote>如今，普拉格能源的股价约为今年预期收入的32倍。如果这是市盈率，相对于公司的平均估值，该股仍然不会特别便宜。以超过30倍的销售额计算，股价确实看起来非常昂贵。当我们考虑PLUG未来十年的增长前景时，这在某种程度上是相对的，但我相信股价仍高于公允价值。</blockquote></p><p> If the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.</p><p><blockquote>如果分析师对2030年收入的一致估计是正确的，为105亿美元，那么目前股价的交易价格约为2030年收入的1.5倍。许多工业公司目前的交易价格是今年收入的1至2倍，这表明PLUG的股票已经反映了未来的增长。当然，人们可以说，PLUG在2030年的增长前景可能仍好于当今的普通公司，因为PLUG很有可能在2030年之后以两位数的速度增长。但我相信，PLUG股价在未来十年的上涨空间不会太大。</blockquote></p><p></p><p> If PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.</p><p><blockquote>如果PLUG在2030年的交易收入仍然相对较高的3.5倍，那么我们的市值估计约为370亿美元，大约是今天的2.3倍。然而，PLUG的股票数量在未来十年不会保持不变，这就是为什么每股回报率将低于这一数字。如果我们假设股票数量每年仅增长2%，那么2030年的股票数量将略高于7亿股。在370亿美元的市值下，每只股票的交易价格约为53美元，这意味着从今天起的回报率约为100%。按年计算，这相当于8%的回报率。8%的年回报率远非坏事，但要实现这一目标，许多事情必须顺利进行——PLUG必须执行良好，交付增长项目，并避免大规模股票发行。当我们还考虑到这一估计需要2030年仍然相当高的3.5倍销售倍数时，我相信这些回报还不足以保证买入评级。8%的回报可能来自风险非常低、不确定性非常低的蓝筹股，但这里的情况并非如此。作为参考，如果PLUG执行良好并达到增长预期，但其股价在2030年的交易价格为销售额的2.5倍，那么假设年稀释2%，股价将为37美元，这相当于年回报率仅为4%。仅去年一年，PLUG的股票数量就增加了约50%，尽管我预计未来几年不会出现类似的稀释，但PLUG的股票数量至少有可能每年大幅增加2%以上，这将进一步给回报带来压力。</blockquote></p><p> Overall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.</p><p><blockquote>总体而言，我不认为投资者在未来十年或更长时间内会因PLUG而亏损。但我也不相信投资者会在这段时间内看到非常有吸引力的回报，尽管普拉格能源的基本业务增长前景非常有吸引力。股票已经反映了未来的大量增长，我相信通过风险较低、股票波动性较小的投资也可以产生低于10%的回报。</blockquote></p><p> <b>Conclusion: Where Could Plug Power Be In 10 Years?</b></p><p><blockquote><b>结论：10年后普拉格能源会在哪里？</b></blockquote></p><p> One can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.</p><p><blockquote>今天人们无法知道这一点，但我们可以做出有根据的猜测。根据上面列出的5月份情景，PLUG在2030年的交易价格可能为37-55美元，考虑到又一年的增长，我相信，如果很多事情进展顺利，我们在2031年的交易价格可能会达到40-60美元。如果增长项目出现重大问题，或者股票数量增长超过预期，这些估计可能会过高。</blockquote></p><p> Overall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.</p><p><blockquote>总体而言，我认为PLUG的股票有相当大的长期上涨潜力，但中高个位数范围的预期回报并不巨大，通过更成熟、波动性更小的投资可以产生相同的回报，不确定性更少，执行风险更小。因此，我确实认为PLUG在这里不值得买入，尽管我喜欢该公司的增长前景及其在有吸引力的行业中的地位。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhere Will Plug Power Be In 10 Years?<blockquote>10年后的普拉格能源会在哪里？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-15 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Plug Power is active in an attractive industry with huge growth tailwinds.</li>  <li>It serves low-risk customers and has a strong position in its industry.</li>  <li>Shares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fa1aea5535d99338f385c168062b218\" tg-width=\"1536\" tg-height=\"852\" referrerpolicy=\"no-referrer\"><span>Fokusiert/iStock via Getty Images</span></p><p><blockquote><ul><li>普拉格能源活跃在一个具有巨大增长动力的有吸引力的行业中。</li><li>它服务于低风险客户，在行业中拥有强大的地位。</li><li>股价反映了未来的大量增长，投资者在以当前估值配置资金之前应该考虑实际每股回报可能是什么样子。</li></ul><p class=\"t-img-caption\"><span>Fokusiert/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Plug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.</p><p><blockquote>普拉格能源公司（PLUG）活跃于高增长行业，只要公司能够实现其目标并且管理层执行良好，这就意味着强劲的长期业务增长前景。然而，该公司尚未盈利，实现有意义的净利润的道路仍然存在一些不确定性。从更长远的角度来看，我们可以预计普拉格能源将产生正的净利润，尽管该公司目前的估值相对较高。不过，从风险回报的角度来看，可能有更好的选择，尽管我相信2031年股价将大幅走高。</blockquote></p><p> <b>Plug Power Stock Price</b></p><p><blockquote><b>普拉格能源股价</b></blockquote></p><p> Plug Power, Inc. has seen its share price move up and down violently over the last year:</p><p><blockquote>去年，普拉格能源公司的股价剧烈上下波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d940297249151eddcccf6440d20ef031\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.</p><p><blockquote>股价比12个月前上涨了130%，但与此同时，股价仅为今天历史高点的三分之一。2021年初，其他可再生能源/新能源及相关股票（包括电动汽车）受益于投资者的巨大热情，股价大幅上涨。此后，热情似乎有所降温，股价又回到了20多美元。按目前价格计算，普拉格能源公司的估值为160亿美元，稀释后的股票数量略低于6亿股。分析师目前非常看好该股，因为41美元的一致目标价意味着明年较当前价格有50%左右的上涨潜力。但值得注意的是，近几个月来分析师一致的目标价已被下调，并且未来可能会继续下调。由于不存在利润，PLUG无法以盈利为基础进行估值，但股价约为今年收入的30倍，这相当昂贵。</blockquote></p><p> <b>Plug Power Stock Prediction</b></p><p><blockquote><b>普拉格能源股票预测</b></blockquote></p><p> Plug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:</p><p><blockquote>普拉格能源公司活跃在一个绝对增长的行业，因为氢燃料电池将在未来几年看到巨大的需求增长，因为它们允许作为其他燃料的环保替代品。普拉格能源作为该技术市场领先地位的交钥匙供应商，完全有能力利用这一大趋势。通过包括Brookfield Renewable Partners(BEP)在内的全球合作伙伴网络，普拉格能源正在致力于在全球范围内发展绿色氢产业：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91a8e3b57882e429c9eace431bd1f541\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Plug Power presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：普拉格能源演示</span></p></blockquote></p><p> Plug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.</p><p><blockquote>普拉格能源的绿色氢可用于为卡车、公共汽车和其他车辆提供动力，同时该公司还为公用事业公司使用的兆瓦级柴油发电机提供环保替代品。除此之外，该公司还致力于其他尚未准备好商业化的项目，例如用氢气为飞机提供动力。2024年，即三年后，普拉格能源将在美国运营至少5座氢气厂，美国以及欧洲等海外市场正在建设更多项目。</blockquote></p><p> 80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.</p><p><blockquote>普拉格能源80%的客户是该公司的评级蓝筹客户，其中包括亚马逊（AMZN）等公司。这些公司通常非常倾向于改善其二氧化碳足迹，以获得更好的ESG评级，同时，这些公司是低风险客户，因为其强劲的资产负债表和现金流意味着流动性或偿付能力问题的风险可以忽略不计。总体而言，普拉格能源因此与有吸引力的同行合作，他们的财务火力意味着普拉格能源不会被迫以便宜的价格出售其产品，这就是为什么该公司最近几个季度能够产生相对有吸引力的产品毛利率在30年代。</blockquote></p><p></p><p> Due to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.</p><p><blockquote>然而，由于公司规模仍然相对较小，普拉格能源在净利润或运营基础上均未盈利。相对于普拉格能源产生的收入，该公司的运营费用目前仍然过高。然而，这种情况应该会随着时间的推移而改变，因为运营杠杆和产品利润率的提高应该会使普拉格能源的毛利润相对于运营费用增长，从而提高盈利能力。分析师目前预测2024财年（即三年后）净利润为正。当然，如果普拉格能源已经达到了这一点，那就更好了，但对于长期投资者来说，再有两年的负利润并不是一场灾难。</blockquote></p><p> When investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:</p><p><blockquote>在投资普拉格能源这样的公司时，短期并不太重要，但更重要的是公司收入和利润增长的长期潜力。通过ESG顺风、大规模市场增长及其市场领导地位的结合，普拉格能源似乎处于有利地位，可以在未来许多年增加收入：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d6f0576ba51f219d85b18d90ccaf6f4\" tg-width=\"640\" tg-height=\"628\" width=\"100%\" height=\"auto\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Analysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.</p><p><blockquote>分析师目前预测，未来三年收入将以每年50%以上的速度增长，而至少到2030年，增长率预计将保持近30%，这相当于极具吸引力的长期增长前景。当然，不能保证这种情况确实会发生，因为商业模式的一些风险仍然存在。该公司尚未盈利，因此未来增长项目的资金理论上可能会成为一个问题。最重要的是，其他财力雄厚的参与者可能会试图扰乱市场或获得市场份额。我相信，由于普拉格能源的领导地位，这种风险并不是很大。但如果市场竞争变得更加激烈，非盈利的普拉格能源如果遭遇市场份额争夺战，可能会给利润率带来压力，可能会遇到问题。</blockquote></p><p> Some execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.</p><p><blockquote>因此，一些执行风险确实仍然存在，投资者不应将上述增长预测视为绝对可靠的清晰预测。然而，相反，上述预测展示了基本情况可能是什么样子，实际结果可能比这更好或更差。总体而言，可以说普拉格能源业务的长期前景非常好，因为随着投资者、公司和消费者越来越重视更小的碳足迹，该公司应该能够在未来许多年以有吸引力的速度增长。然而，一个行业明显的增长前景并不会自动转化为股价上涨。例如，那些在互联网泡沫期间高位购买思科(CSCO)股票的公司，尽管该业务在此期间经历了巨大增长，但22年后的今天仍然处于亏损状态。估值也应该考虑，普拉格能源今天的价格远非便宜。</blockquote></p><p> <b>Plug Power Stock Forecast For 2030</b></p><p><blockquote><b>2030年普拉格能源股票预测</b></blockquote></p><p> Today, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.</p><p><blockquote>如今，普拉格能源的股价约为今年预期收入的32倍。如果这是市盈率，相对于公司的平均估值，该股仍然不会特别便宜。以超过30倍的销售额计算，股价确实看起来非常昂贵。当我们考虑PLUG未来十年的增长前景时，这在某种程度上是相对的，但我相信股价仍高于公允价值。</blockquote></p><p> If the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.</p><p><blockquote>如果分析师对2030年收入的一致估计是正确的，为105亿美元，那么目前股价的交易价格约为2030年收入的1.5倍。许多工业公司目前的交易价格是今年收入的1至2倍，这表明PLUG的股票已经反映了未来的增长。当然，人们可以说，PLUG在2030年的增长前景可能仍好于当今的普通公司，因为PLUG很有可能在2030年之后以两位数的速度增长。但我相信，PLUG股价在未来十年的上涨空间不会太大。</blockquote></p><p></p><p> If PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.</p><p><blockquote>如果PLUG在2030年的交易收入仍然相对较高的3.5倍，那么我们的市值估计约为370亿美元，大约是今天的2.3倍。然而，PLUG的股票数量在未来十年不会保持不变，这就是为什么每股回报率将低于这一数字。如果我们假设股票数量每年仅增长2%，那么2030年的股票数量将略高于7亿股。在370亿美元的市值下，每只股票的交易价格约为53美元，这意味着从今天起的回报率约为100%。按年计算，这相当于8%的回报率。8%的年回报率远非坏事，但要实现这一目标，许多事情必须顺利进行——PLUG必须执行良好，交付增长项目，并避免大规模股票发行。当我们还考虑到这一估计需要2030年仍然相当高的3.5倍销售倍数时，我相信这些回报还不足以保证买入评级。8%的回报可能来自风险非常低、不确定性非常低的蓝筹股，但这里的情况并非如此。作为参考，如果PLUG执行良好并达到增长预期，但其股价在2030年的交易价格为销售额的2.5倍，那么假设年稀释2%，股价将为37美元，这相当于年回报率仅为4%。仅去年一年，PLUG的股票数量就增加了约50%，尽管我预计未来几年不会出现类似的稀释，但PLUG的股票数量至少有可能每年大幅增加2%以上，这将进一步给回报带来压力。</blockquote></p><p> Overall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.</p><p><blockquote>总体而言，我不认为投资者在未来十年或更长时间内会因PLUG而亏损。但我也不相信投资者会在这段时间内看到非常有吸引力的回报，尽管普拉格能源的基本业务增长前景非常有吸引力。股票已经反映了未来的大量增长，我相信通过风险较低、股票波动性较小的投资也可以产生低于10%的回报。</blockquote></p><p> <b>Conclusion: Where Could Plug Power Be In 10 Years?</b></p><p><blockquote><b>结论：10年后普拉格能源会在哪里？</b></blockquote></p><p> One can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.</p><p><blockquote>今天人们无法知道这一点，但我们可以做出有根据的猜测。根据上面列出的5月份情景，PLUG在2030年的交易价格可能为37-55美元，考虑到又一年的增长，我相信，如果很多事情进展顺利，我们在2031年的交易价格可能会达到40-60美元。如果增长项目出现重大问题，或者股票数量增长超过预期，这些估计可能会过高。</blockquote></p><p> Overall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.</p><p><blockquote>总体而言，我认为PLUG的股票有相当大的长期上涨潜力，但中高个位数范围的预期回报并不巨大，通过更成熟、波动性更小的投资可以产生相同的回报，不确定性更少，执行风险更小。因此，我确实认为PLUG在这里不值得买入，尽管我喜欢该公司的增长前景及其在有吸引力的行业中的地位。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4449266-plug-power-stock-in-10-years\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://seekingalpha.com/article/4449266-plug-power-stock-in-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133270372","content_text":"Summary\n\nPlug Power is active in an attractive industry with huge growth tailwinds.\nIt serves low-risk customers and has a strong position in its industry.\nShares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.\n\nFokusiert/iStock via Getty Images\nArticle Thesis\nPlug Power, Inc. (PLUG) is active in a high-growth industry, which translates into a strong long-term business growth outlook, as long as the company can capitalize on its goals and management executes well. The company is, however, not profitable yet, and the path to meaningful net profits holds some uncertainties still. Taking a longer-term view, we can expect that Plug Power will generate positive net profits despite the fact that shares are valuing the company at a relatively high current valuation. From a risk-reward standpoint, there may be better picks available, though, despite the fact that I believe that shares will trade materially higher in 2031.\nPlug Power Stock Price\nPlug Power, Inc. has seen its share price move up and down violently over the last year:\nData by YCharts\nShares trade 130% higher than 12 months ago, but at the same time, shares trade at just one-third of the all-time high today. In early 2021, shares exploded upwards at a time when other renewable/new energy and related stocks, including EV plays, benefited from massive investor enthusiasm. Since then, enthusiasm seems to have cooled, and shares have reverted back to the $20s. At current prices, Plug Power, Inc. is valued at $16 billion based on a diluted share count of a little less than 600 million. Analysts are pretty bullish on the stock right now, as the consensus price target of $41 implies an upside potential of around 50% from current prices throughout the next year. It should be noted, however, that the analyst consensus price target has been lowered in recent months, and may continue to be lowered going forward. Due to non-existent profits PLUG can't be valued on an earnings basis, but shares trade for around 30x this year's revenue, which is quite expensive.\nPlug Power Stock Prediction\nPlug Power, Inc. is active in an absolute growth industry, as hydrogen fuel cells will see huge demand growth in coming years as they allow for an environmentally friendly alternative to other fuels. Plug Power, as a turnkey provider in a market leadership position for this technology, is well-positioned to capitalize on this megatrend. Through a network of global partnerships, including with Brookfield Renewable Partners (BEP), Plug Power is working on growing the green hydrogen industryglobally:\nSource: Plug Power presentation\nPlug Power's green hydrogen can be used for powering trucks, busses, and other vehicles, while the company is also providing environmentally friendly alternatives to diesel generators in the megawatt scale range that can be used by utilities, for example. The company is, on top of that, also working on other ventures that are not ready to be commercialized yet, such as powering aircraft with hydrogen. Plug Power will have at least 5 hydrogen plants running in the US in 2024, i.e. three years from now, with more projects being in the pipeline both in the US and in overseas markets such as Europe.\n80% of Plug Power's customers are what the company calls blue chip customers, which includes companies such as Amazon (AMZN). These companies are oftentimes highly inclined to improve their CO2 footprint in order to receive better ESG ratings, and at the same time, these are low-risk customers as their strong balance sheets and cash flows mean that the risk of liquidity or solvency issues is negligible. Overall, Plug Power thus works with attractive counterparts, and their financial firepower means that Plug Power is not forced to sell its products at bargain prices, which is why the company has been able to generate relatively attractive product gross margins in the 30s in recent quarters.\nDue to the still relatively small scale of the company, Plug Power is not profitable on a net basis or operating basis, however. The company's operating expenses, relative to the revenues that Plug Power generates, are still too high for now. This should, however, change over time, as operating leverage and improving product margins should allow Plug Power to grow gross profits relative to operating expenses, which will result in improving profitability. Analysts are currently predicting positive net profits for fiscal 2024, or three years from now. It would, of course, be better if Plug Power had hit that point already, but for long-term oriented investors, two more years of negative profits will not be a disaster.\nWhen investing in a company such as Plug Power, the very near term is not too relevant, but what matters more is the longer-term potential of the company to grow its revenue and profits. Through the combination of ESG tailwinds, massive market growth, and its market leadership position, Plug Power seems to be well-positioned to grow its revenue for many years to come:\nSource:Seeking Alpha\nAnalysts are currently predicting that revenues will grow at 50%+ a year over the next three years, while growth is forecasted to remain almost 30% through at least 2030, which equates to a highly attractive long-term growth outlook. There are, of course, no guarantees that this will indeed happen, as some risks to the business model remain. The company is not profitable yet, thus funding of future growth projects could theoretically become a problem. On top of that, it is possible that other players with deep pockets will try to disrupt the market or gain market share. The risk of that is, I believe, due to Plug Power's leadership position, not very large. But should the market become more competitive, non-profitable Plug Power might run into problems if it were to run into market share fights that could pressure margins.\nSome execution risks do thus remain for sure, and investors shouldn't see the above growth projections as crystal-clear forecasts that are infallible. Instead, however, the above predictions showcase what a base-case scenario could look like, and actual results might be better or worse than that. Overall, it can be said that the longer-term outlook for Plug Power's business is excellent, as the company should be able to grow at an attractive pace for many years to come, as investors, companies, and consumers put more and more emphasis on a smaller carbon footprint. Obvious growth prospects for an industry do not, however, automatically translate into share price gains. Those that bought shares of Cisco (CSCO) at the highs during the dot.com bubble, for example, are still in the red today, 22 years later, despite the massive growth the business has experienced in that time frame. Valuations should be considered as well, and Plug Power is far from cheap today.\nPlug Power Stock Forecast For 2030\nToday, Plug Power is trading for around 32x this year's expected revenue. If that was an earnings multiple, the stock still wouldn't be especially cheap, relative to how the average company is valued. At more than 30x sales, shares do seem very expensive. When we consider PLUG's growth outlook over the coming decade, that is relativized to some degree, but I believe that shares are still trading above fair value.\nIf the analyst consensus estimate for 2030's revenues is correct, at $10.5 billion, then shares are trading at around 1.5x 2030's revenue right now. Many industrial names are trading for 1x to 2x this year's revenue right now, which indicates how much future growth is priced into PLUG's stock already. One can, of course, argue that PLUG's growth outlook in 2030 is likely still better than that of the average company today, as it seems very much possible for PLUG to grow at a double-digit rate well beyond 2030. But still, shares upside for PLUG's shares is not too great over the coming decade, I believe.\nIf PLUG were to trade at a still relatively steep 3.5x revenue in 2030, this gets us to a market cap estimate of around $37billion, or roughly 2.3x as much as today. PLUG's share count will, however, not stay unchanged over the next decade, which is why returns on a per-share basis will be lower than that. If we assume that the share count climbs by just 2% a year, 2030's share count will stand at a little above 700 million. At a $37 billion market capitalization, each individual stock would then trade at around $53, which would mean a return of ~100% from today. On an annual basis, this would equate to returns of 8%. 8% annual returns are far from bad, but many things have to go right for that to happen -- PLUG has to execute well, deliver on growth projects, and avoid massive share issuance. When we also consider that this estimate requires a still rather high 3.5x sales multiple in 2030, then those returns are not great enough to warrant a buy rating, I believe. It would be different of 8% returns could come from a very de-risked blue chip with very low uncertainties, but that is not the case here. For reference, if PLUG executes well and hits growth estimates, but its shares trade for 2.5x sales in 2030, then the share price, assuming 2% annual dilution, would be $37, which would equate to just 4% annual returns. PLUG's share count has risen by around 50% over the last year alone, and even though I don't expect similar dilution in coming years, it is at least possible for PLUG's share count to rise by significantly more than 2% a year, which would pressure returns further.\nOverall, I do not believe that investors will lose money with PLUG over the next decade or more. But I also do not believe that investors will see very attractive returns in that time frame, despite the fact that Plug Power's underlying business growth outlook is highly attractive. Shares are pricing in a lot of future growth already, and I believe that returns in the sub-10% range can also be generated through lower-risk investments, with less volatile stocks.\nConclusion: Where Could Plug Power Be In 10 Years?\nOne can't know that today, but we can make educated guesses. According to may scenarios laid out above, PLUG could trade at $37-$55 in 2030, factoring in another year of growth, we could end up at $40-$60 in 2031, I believe -- if many things go right. In case there are major hiccups with growth projects, or if the share count rises more than expected, these estimates may be too high.\nOverall, I believe that there is considerable long-term upside potential for PLUG's shares, but expected returns in the mid-to-high-single digits range are not gigantic, and the same returns can be generated through more mature, less volatile investments with fewer uncertainties and less execution risk. I thus do think that PLUG is not a buy right here, even though I like the company's growth prospects and its position in an attractive industry.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830815722,"gmtCreate":1629043637366,"gmtModify":1633687804806,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090679047015980","idStr":"4090679047015980"},"themes":[],"htmlText":"Say yea to gender equality and safety in workplace","listText":"Say yea to gender equality and safety in workplace","text":"Say yea to gender equality and safety in 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