This makes sense - Tesla is overvaluated in comparison to other car manufacturers. Musk has created a really big image problem. The Cybertruck is a disaster that really makes you wonder if their priorities are right. Chinese car companies are starting to flood the market. The Semi truck is not going anywhere. It's a really bad spot for a company that is valuated more than all of its biggest competitors to be in.
Started looking for places to move to in 2017 because we lived in a red state and the writing was on the wall. Settled on the Netherlands and moved in 2019. Getting through covid was a bitch and I'd feel a lot better if the Dutch hadn't also just elected a right wing nut job, but my mental and physical health are noticeably better. Once you get out you really realize how toxic American culture is. It's like swimming downstream from a mine your whole life and then suddenly getting air lifted to some Icelandic spring.
I work for a big company, and moved my pension. And I can invest it, in almost whatever I want.
And because the yearly fee for the funds i choose is less than what my company payed before. I get payed the difference, which is nice.
Cool! So how do you do that? If I go to e.g. the ABP site, I see no way to sign up. (Both ABP and BPF Bouw are sector-specifc too, I suppose, maybe that's the issue? But looking at a more generic pension provider, they mention either being part of HR, or self-employed...)
No it means the money for my pension is added to my salary. Same goes for ehh... "Holiday money". Normally the company saves a small part of your salary to pay out once a year. Usually end May i believe.
So in my case, my monthly income is much higher, but it means i have to save it myself. Same goes for my pension. Instead of my employer paying the pension funds, i have to do it myself.
Ha I mean, that situation is indistinguishable from one where you don't get a pension and your salary is the same, but sure :P
You do miss out on the tax benefits that employer-provided pensions give you, but in many cases that's a fine trade-off.
Still, the actual point I wanted to make (but didn't) stands: most of us can't really switch our pension funds, which is a bit of a shame, because it means we can't "vote with our wallet" for a pretty significant chunk of our wallet :( If my pension fund decides to invest in cluster bombs, I'm investing in cluster bombs...
24 Comments
ExtremeDullard@lemmy.sdf.org · 58 pts · 1y
Looks like the new Tesla SS doesn't sell too well...
FelixCress@lemmy.world · 18 pts · 1y
TeSSla?
Hamartiogonic@sopuli.xyz · 4 pts · 1y
Dead_or_Alive@lemmy.world · 6 pts · 1y
Don’t count Tesla out. I’m sure Elon will come up with a final solution to the problem.
Obelix@feddit.org · 35 pts · 1y
This makes sense - Tesla is overvaluated in comparison to other car manufacturers. Musk has created a really big image problem. The Cybertruck is a disaster that really makes you wonder if their priorities are right. Chinese car companies are starting to flood the market. The Semi truck is not going anywhere. It's a really bad spot for a company that is valuated more than all of its biggest competitors to be in.
kautau@lemmy.world · 35 pts · 1y
Massively overvalued
CheeseNoodle@lemmy.world · 10 pts · 1y
We need a second copy of this chart but the size is instead based on actual cars produced (and maybe a third one that only counts EV production.)
BrowseMan@sh.itjust.works · 4 pts · 1y
Wouah thank for that, I never realised how fucked up it was before seeing it like that oO.
johannes@lemmy.jhjacobs.nl · 12 pts · 1y
Well there's a pension funds i'll have to look into :) may even move!
Mrfiddles@feddit.nl · 9 pts · 1y
Started looking for places to move to in 2017 because we lived in a red state and the writing was on the wall. Settled on the Netherlands and moved in 2019. Getting through covid was a bitch and I'd feel a lot better if the Dutch hadn't also just elected a right wing nut job, but my mental and physical health are noticeably better. Once you get out you really realize how toxic American culture is. It's like swimming downstream from a mine your whole life and then suddenly getting air lifted to some Icelandic spring.
johannes@lemmy.jhjacobs.nl · 3 pts · 1y
Yeah, we laugh about the orange baboon up there, but we have our own chimpansee down here :( we're in no way better then the Americans in that regard.
I dont read the papers anymore, i dont watch the news anymore.
Humanity is sick and rotting, and i dont think we'll ever rise above that. Humanity will ruin itself and the planet.
But yeah... Other then that i'm very peachy and positive :)
Mrfiddles@feddit.nl · 2 pts · 1y
Oh, you meant move funds, I thought you meant countries 😂
Vincent@feddit.nl · 4 pts · 1y
I don't think we really have the freedom to choose our own pension funds, do we? Possibly if you're self-employed.
Drigo@sopuli.xyz · 3 pts · 1y
I work for a big company, and moved my pension. And I can invest it, in almost whatever I want. And because the yearly fee for the funds i choose is less than what my company payed before. I get payed the difference, which is nice.
Vincent@feddit.nl · 3 pts · 1y
Cool! So how do you do that? If I go to e.g. the ABP site, I see no way to sign up. (Both ABP and BPF Bouw are sector-specifc too, I suppose, maybe that's the issue? But looking at a more generic pension provider, they mention either being part of HR, or self-employed...)
Drigo@sopuli.xyz · 3 pts · 1y
Well I live in Norway, I guess not every county are able to move it freely?
Vincent@feddit.nl · 4 pts · 1y
Oh OK, yeah when I said "we", I meant Dutch people - as far as I know Dutch people aren't able to choose our own pension funds.
Drigo@sopuli.xyz · 3 pts · 1y
Ah fair fair, I see that now, sorry for giving you false hope haha
Vincent@feddit.nl · 1 pts · 1y
Haha no worries
johannes@lemmy.jhjacobs.nl · 2 pts · 1y
Our company doesnt "meddle" in staff's pensions. The idea is that i know better what fits me then my boss does.
Next Monday i have talks about my pension, so i can tell you then ;-)
Vincent@feddit.nl · 2 pts · 1y
Ha, does that mean they simply don't give you a pension? Or is it the case that you pick one and they handle it?
But yeah, sounds like it's specific to your company, unfortunately.
johannes@lemmy.jhjacobs.nl · 1 pts · 1y
No it means the money for my pension is added to my salary. Same goes for ehh... "Holiday money". Normally the company saves a small part of your salary to pay out once a year. Usually end May i believe.
So in my case, my monthly income is much higher, but it means i have to save it myself. Same goes for my pension. Instead of my employer paying the pension funds, i have to do it myself.
Vincent@feddit.nl · 2 pts · 1y
Ha I mean, that situation is indistinguishable from one where you don't get a pension and your salary is the same, but sure :P
You do miss out on the tax benefits that employer-provided pensions give you, but in many cases that's a fine trade-off.
Still, the actual point I wanted to make (but didn't) stands: most of us can't really switch our pension funds, which is a bit of a shame, because it means we can't "vote with our wallet" for a pretty significant chunk of our wallet :( If my pension fund decides to invest in cluster bombs, I'm investing in cluster bombs...
Akasazh@feddit.nl · 4 pts · 1y
Lil win. I'm mediumly proud of the abp.