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Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions include congestion charging, performance management, insights & analytics, analytics, toll interoperability, mobility marketplace, maintenance, e-screening, tire anomaly detection, multi-modal data, intersection management, and others. Its tolling includes roadside technologies, commerce and mobility platforms, audit and enforcement, and tolling services. Its safety and enforcement comprise commercial vehicles, automated enforcement, freight mobility, smart transportation, and data solutions. The Company’s wholly owned subsidiary is International Road Dynamics Inc.


TSX:QTRH - Post by User

Comment by Socrates1on May 01, 2024 8:14pm
94 Views
Post# 36018517

RE:Tesla short sellers

RE:Tesla short sellersNot a game...... a big reality check.......... China has its own EV industry Musk can not compete with.. Self driving is offered or will be offered on those asap so be careful there.......... the bottom line is what drives the stock....

oh and $1500 per share in TESLA in 2030 would put it over 5+ trillion...... worth more than the whole world economy  or more ehhh.......... reasanable ehhh..

for now TESLA shares must go past the previous run high or will go down further............ nothing personal just reading the charts........... shorts did a great job inflating the high on big volume.......


DJ Tesla Is Pulling Back From EV Charging, and People Are Freaking Out -- 2nd Update, from 1 hour ago by Dow Jones

1 hour ago by Dow Jones
 

By Jennifer Hiller, Sean McLain and Ryan Felton

Tesla's move this week to lay off much of the team responsible for creating the largest and most successful electric-vehicle charging network in the U.S. threw the industry into a state of shock and confusion.

The layoffs halted construction work at a dozen Supercharger sites in Texas. In New York, property owners in negotiations with Tesla were left hanging as discussions about adding chargers to their sites were ongoing.

The upheaval comes as the EV industry struggles with sluggish sales growth and a bumpy rollout of a national highway-charging network.

The Tesla layoffs were sweeping and included employees in the sales force to those overseeing the construction of charging sites, according to people familiar with the decision. Contractors and executives at other automakers that have partnered with Tesla on charging described widespread confusion over the future of Tesla's charging business.

Tesla has long been the bright spot in a messy charging world, outbuilding and outperforming other companies to create the closest thing the U.S. has to a national highway network, considered the linchpin to greater EV adoption. A Tesla pullback in EV charging could slow the entire U.S. market.

Tesla has been opening up its network to other kinds of cars and chasing -- and winning -- public funding for chargers, a boon to the Biden administration's plans to build out national charging infrastructure. States have started to release the first wave of around $5 billion for a highway network, approved in the 2021 federal infrastructure law.

The layoffs caught some employees by surprise. One person who was laid off said that while it was understood the company was in a precarious position, the charging business had been viewed as a priority among employees.

Tesla shares fell 1.8% in trading Wednesday after declining 5.6% Tuesday.

The departures also baffled the charging industry.

After Tesla opened its charging to other cars, major automakers spent last summer announcing a switch to the Tesla-designed charging connector and signing agreements to allow their customers access to the Tesla Supercharger network.

"This is by all accounts a dramatic move," said Nick Nigro, founder of the research and consulting group Atlas Public Policy.

Tesla should "take things more carefully in the future because increasing amounts of people are dependent on them. In the case of infrastructure projects, there's lots of sites that are under development, including those that federal awards are attached to," Nigro said.

On Tuesday, Chief Executive Elon Musk posted on X, "Tesla still plans to grow the Supercharger network, just at a slower pace for new locations and more focus on 100% uptime and expansion of existing locations."

Some of those laid off woke up Tuesday morning to find themselves locked out of the company computer system and learned about the layoffs in messages to their personal email accounts.

"Dear Employee," the message began. "As you know, we recently announced a significant decision that impacts the entire organization, and you directly."

The Information earlier reported that Musk, in an internal email sent late Monday, said he would dismiss everyone in the Supercharger group, and its senior director Rebecca Tinucci was leaving the company.

The world's most-valuable automaker last week said its first-quarter profit plunged to its lowest level since 2021. Tesla plans to slash more than 10% of its global workforce amid broader cooling in consumer demand for electric vehicles.

The charging pullback is the latest blow to waning growth in EV sales.

At the start of last year, automakers were having a hard time keeping up with demand for EVs, but the well of willing consumers proved more shallow than expected. An early wave of adopters made their purchases and by last summer, dealers began warning of unsold electric vehicles clogging their lots. Within months automakers were scaling down their plans for EVs and adding hybrids to their lineups as those rose in popularity.

At least some of the reason for EV hesitancy is the nation's fledgling charging network. The ability to repower cars in about 30 minutes and let drivers hopscotch from charger to charger across the country is considered essential to putting EV drivers at ease.

Tesla is known for building charging stations cheaper and faster than competitors. Its installations are up around 19% this year through March, to 1,526 charging ports, according to the firm EVAdoption. That is more than four times as many pieces of equipment as the nearest charging provider.

Andres Pinter, co-CEO of Bullet EV Charging Solutions, a subcontractor building a dozen Supercharger sites in Texas for Tesla, said all 20 of its contacts at Tesla had been laid off. Pinter has received a series of bounceback emails -- "This email address is no longer valid. Any future emails sent to this address will not be received" -- but no other communication from the company. He halted construction work at the sites for now.

Tesla slowdown could also leave a gap in the market for others to fill, said Carleen Cullen, co-founder and executive director of Cool the Earth, which advocates for EV adoption and charging reliability.

"With upgrades making stations more reliable, Tesla's slow-walk approach may cause short-term market upheaval, but it will result in a healthier competitive landscape," Cullen said.

Adam Gordon, managing partner at New York City-based developer Wildflower, said the company was nearly at the finish line after seven or eight months of lease negotiations with Tesla for a Supercharger site in Queens.

Tuesday morning, Gordon had a text from his contact at Tesla, which said that the group working on the project had been laid off in a 4 a.m. email. He hasn't heard from anyone from Tesla so far.

"Our perspective is that this kind of behavior doesn't leave us with a sense that we have a reliable counterparty no matter what they say," Gordon added.

Write to Jennifer Hiller at jennifer.hiller@wsj.com, Sean McLain at sean.mclain@wsj.com and Ryan Felton at ryan.felton@wsj.com
 	

(END) Dow Jones Newswires


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