Conventional wisdom holds that as we get closer and closer to the coming deadline for tariff resolution, the market will become more treacherous, especially for highly valued stocks. I don’t know who writes these stories. I always check the bylines and I have never worked with them or hired them. I will tell you this: their lack of knowledge of how the market works is painful. Their shoddy knowledge of market history would never be tolerated in any classroom. They are, what we used to call at The Harvard Crimson, “filler-up stories,” meaning stories that had to be written because copy was needed. In truth, while the deadline looms, there is no relation between the highly valued stocks and the events at hand. I actually expect severe news about South Korea and Japan before Aug. 1 — the Trump administration’s “hard deadline,” in the words of Commerce Secretary Howard Lutnick, for when new country-specific duty rates will come into effect. Korean car companies “make” vehicles here, but the White House would argue to you that all they do is assemble them here, while the more highly valued pieces of a car are made in the home country. Japan makes even less here but is defended, like Korea, by our soldiers, and I could see President Donald Trump invoking that fact to put on some capricious number — call it 35% tariffs on their imports — because that level is eye-grabbing. So, I doubt we’re even going to get to the drop dead date of Aug. 1 without more drama. Does anyone who trades or invests think that the tariffs will influence the most highly valued stocks, none other than my newly minted cohort called PARC — Palantir , Applovin , Robinhood and Coinbase ? These all have room to run because if you are willing to pay 100 times earnings it means nothing to pay 200. That’s the gospel. How can these writers not know that? Can Palantir be stopped by Canadian tariffs? Oh please, and if crypto gets knocked down, it will get up again. It’s never going to keep that down. Let’s flip this moment on its head and question what’s buoying the near-record market as second-quarter earnings season picks up steam (we have five Club names reporting this week). I have 10 things on the list, some already happening and others more forward-looking. First, and most obvious: earnings have been terrific. Yes, there is an occasional Abbott Labs , which was brutalized by China, or Netflix , which was challenged by sky-high expectations. But the banks have set the tone, and the pastiche that closed out the week all came in very strong. I expect that to continue, with the only potential weak spot being the drugmakers. Just not enough blockbusters and some very weak pipelines. It’s been a brutal year for health care overall, sitting last among all 11 sectors in the S & P 500 . Second, Trump’s “big beautiful bill” contains so many provisions that will boost the economy that I think we need to rethink the possibility of a hobbled consumer. Consider these: An extension of the 2017 tax cuts that were set to expire at the end of this year, which could’ve resulted in an effective tax increase across income cohorts. This is particularly helpful for those who make less than $100,000. A tax deduction worth up to $25,000 for employees who earn tips, a huge win for the working class. Millions of U.S. workers stand to benefit from this. Increased standard deduction to $31,500 (from $30,000) for married joint filers and $15,750 (from $15,000) for single filers. That can make taxes easier to figure out and deliver a bigger benefit. Max child tax credit of $2,200 per child, up from $2,000, which impacts around 40 million families. Expanding 529 savings plans to cover workforce credentialing programs in areas like the trades. A new deduction on car loan interest for vehicles made in the U.S., capped at $10,000 a year. For higher earners, the size of the deduction is reduced. Tax-advantaged savings accounts for newborns, the so-called “Trump accounts.” Some tax relief for seniors on Social Security benefits. These are huge benefits that will pump hundreds of billions in the U.S. economy and it’s like no one ever cares. Tariffs are important. But these put money in the hands of spenders. Third, business get more tax relief on spending, building and research-and-development costs than anyone expected. Accelerated deductions and credit for building things will set off another boom. I talked about these in a previous piece . Every time I have ever seen this kind of relief, it generates far more spending and jobs than anyone expects. Fourth, we seem to be oblivious to how countries are signaling to Washington that they are going to make their companies build here in order to get some relief from the White House. There’s also re-shoring to contend with. Sure, the White House may be circumspect about an Apple putting $500 billion into the U.S. economy in the next four years, but I’m not. Fifth, the amount of building that needs to be done for data centers and for the electric grid are so gigantic that they might be considered the equivalent of the biggest public works campaigns in history, and they include a huge labor component not often addressed. Don’t forget that nuclear power overhauls are gigantic projects. Sixth, the Federal Reserve’s new stress tests for banks will allow them to lend far more than they currently do. We forget how much heat there has been on the banks in the wake of the financial crisis to be incredibly conservative. That’s over. Seventh, the opening of all sorts of land for drilling and the approval of a huge number of new pipelines will create a second renaissance of the U.S. energy sector. Eighth, two industries have so much business and are so important to the U.S. economy that they will be colossal sources of work: aerospace, where Boeing has to expand to meet new orders, and defense, where we are depleted by Ukraine. A heavy component in this sector is new kinds of weapons including drones. Ninth, the initial public offering market is primed and ready, and I think can create new jobs and new wealth for employees and sustained profits for the investment banks, which is why they are such great buys. We own Goldman Sachs for the Club. And finally No. 10, it’s been so easy to bet against stocks for so long because the Biden administration had been so anti-business, particularly when it comes to mergers and acquisitions. That’s over. Now short-sellers will be incredibly scared to lean on stocks. Witness the rally in the railroads last week that crushed shorts banking on weaker transport earnings. Now, again, Trump seems to do whatever is necessary to derail us in astounding fashion. But we need to think more creatively. When we hear talk of him firing Fed Chair Jerome Powell, what you need to think is that no matter what, lower rates lie ahead. I don’t think it will be because of a weaker economy because of what I just detailed, but because Trump wants to have a gross domestic product boom so he can say we are the fastest-growing, most-powerful country in the world. That’s what Make American Great Again stands for. Even if you think it is a gigantic fraud, remember that Trump — through a gigantic hole in the budget and pro-business agencies — has created the circumstances that could lead to the opposite of what the “filler-up stories” say will happen. (Jim Cramer’s Charitable Trust is long GS and ABT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
An electric vehicle powered by semi-solid state batteries for around $11,000? Sounds like a game changer. This Chinese automaker claims to be launching the first mass-market EV sold globally with new semi-solid state batteries.
An affordable Chinese EV with solid-state batteries
The new MG4 is set to debut next month, featuring advanced new battery tech. MG’s brand manager, Chen Cui, confirmed “the new battery, supplied by QinTao Energy, contains only 5% electrolyte.”
According to MG, the semi-solid-state EV battery delivers a CLTC driving range of up to 537 km (334 miles) with an energy density rating of 180 Wh/kg. It also outperforms LFP batteries in cold weather (–7°C) by 13.8%.
Chen explained that the new MG4 will launch at a competitive price. Although he didn’t offer specifics, Chen hinted that it will be on par with the BYD Dolphin, at around 80,000 yuan ($11,000) to 120,000 yuan ($16,500), adding, “there is no reason customers wouldn’t choose the MG4.”
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MG says the new MG4 will draw power from a 70 kWh battery pack. A rear-wheel-drive (RWD) powertrain option will be available with 161 horsepower (120 kW).
MG4 electric hatch (Source: SAIC MG)
BYD’s popular Dolphin electric hatch is offered with two LFP Blade Battery options: 44.9 kWh and 60.48 kWh, good for 420 km (261 mi) and 520 km (323 mi) of CLTC driving range.
The new MG4 is slightly bigger than the Dolphin, measuring 4,395 mm in length, 1,842 mm in width, with a wheelbase of 2,750 mm. In comparison, BYD’s electric hatch is 4,280 mm in length, 1,770 mm in width, with a wheelbase of 2,700 mm.
MG’s new EV will also feature its new smart cockpit system (MG x Oppo), co-developed with Chinese electronics company Oppo.
On July 14, the first new MG4 model rolled off the production line at SAIC’s Nanjing plant, with its official debut coming up on August 5.
Electrek’s Take
The new MG4 could shake things up in China and in overseas markets, offering long-range capabilities and advanced new tech at an affordable price.
As China’s EV price war intensifies, largely driven by BYD, automakers are looking to overseas markets to drive growth this year.
MG is already one of the top-selling Chinese auto brands globally. It also ranked first in retail sales in China, delivering over 2 million vehicles in the first six months of 2025.
The new MG4, powered by semi-solid-state batteries, marks the first step in MG’s new energy strategy. It arrives as many automakers and other companies are advancing new battery technology, promising significantly higher energy density, longer driving ranges, and more.
BYD, CATL, Mercedes-Benz, BMW, Stellantis, Toyota, Nissan, Honda, and many others are all chasing the “holy grail” of EV batteries.
Inmotion has unveiled its latest high-performance electric scooter, the Jet, and it’s shaping up to be a serious contender for riders who want both speed and commuter utility in one package. With a top speed of 50 mph (80 km/h) and dual 1,200W motors peaking at 2,300W, the Jet is one of the highest-performance electric scooters available in the ~$2k price range.
Power is supplied to the dual motors by a built-in 72V 25Ah lithium-ion battery, offering up to a claimed 56 miles (90 km) of range on a single charge. That 1.8 kWh battery is quite large for an e-scooter, though the bigger the battery, the longer the charge time. In this case, the company says the scooter has a typical charge time of around 9 to 10 hours. While not the fastest-charging setup out there, it seems to offer plenty of juice for full-day riding if topped off overnight.
The Jet also comes with serious stopping power, thanks to dual hydraulic disc brakes – a key feature for any fast and powerful scooter. Riding comfort is improved by an 11-inch tubeless tire setup and full suspension design. Up front, a swingarm suspension design smooths out potholes, while the rear features hydraulic shocks to keep the ride stable and responsive even at higher speeds. The rear shock can be quickly adjusted to change the ride style, allowing riders to dial in their handling for roads or trails.
A large 4.3-inch color touchscreen is mounted on the handlebars and serves as the rider’s command center, displaying speed, battery status, and ride modes. Physical buttons still exist for common inputs like ride modes, but the touchscreen allows riders to scroll through long menus of adjustable parameters and view vehicle information.
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The scooter also includes built-in turn signals in the handlebar ends, brake lights, and a headlight, helping it stay visible in traffic at night. It’s all wrapped up in a foldable aluminum frame, which makes it possible to stash the Jet in a car trunk, though at 90 pounds (41 kg), it’s far from lightweight and might be a bit tricky to lift all the way into that car trunk.
According to Voromotors, the only authorized US distributor for the scooter, the Inmotion Jet carries an IPX6 water resistance rating, meaning it can handle wet rides without worry, and it’s rated for riders up to 330 pounds (150 kg).
At $2,299, the Jet isn’t aiming for the budget market, but it delivers a fast and furious package for riders who want real-world performance mixed with commuter-friendly features.
Electrek’s Take
Here we go. I know these scooters are divisive, and I absolutely get it. When I covered a 100 mph (160 km/h) electric scooter the other day, that was definitely over the top. At 50 mph (80 km/h), scooters like the InMotion Jet here are approaching the top, though I’m not prepared to say they’re “too fast.” Like many things, it’s all about the time and the place. And in this case, also the protective gear. I’ve written before about how I recommend gearing up even when riding something “tame” like an electric bicycle, and this is absolutely a much more dangerous option, meaning you should be wearing full body gear on something like this scooter. As we say in motorcycling, “Dress for the slide, not for the ride.”
There’s also the question of legality, which isn’t as cut and dry as it is for e-bikes with their widely-accepted three-class system. Electric scooter regulations vary considerably more from state to state, and even more at local city levels. So you’ll have to confirm whether a scooter like this is legal in your area.
But just judging the scooter by itself on its own merits, I’d say the Inmotion Jet brings serious performance to the table without losing sight of everyday usability. It’s powerful enough for thrill-seekers but also includes the kind of thoughtful touches like turn signals, adjustable suspension, and a bright display that make it practical for commuting. I’m more of a “why stand when you could sit” guy when it comes to my commuter vehicles, but I still enjoy a fast and fun e-scooter, too. And in a market filled with lightweight last-mile scooters or overly bulky off-road tanks, the Jet seems like it strikes a decent middle ground.
Just please be safe and courteous out there. Don’t go ripping down bike lanes on a vehicle that should absolutely be used in the road, at least when traveling at speeds over bicycle norms.
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That high-end luxury vehicles that trade on being new and shiny take massive depreciation hits as soon as they roll off the lot is a lasting truth in the car business. At least one VW buyer is finding that out the hard way, having just watched their 1st Edition 4Motion ID.Buzz sell at auction for more than $11,000 under MSRP with just 398 miles on it.
At least.
After teasing a modern Bus for nearly two decades (the ID.Buzz was introduced as a concept at the 2017 Detroit Auto Show, and was the fourth Type 2 Bus- or Bulli-inspired concept from VW since 2001), Volkswagen had high hopes for the all electric minivan. Unfortunately price-gouging dealer markups and a drastic over-estimation of the van’s lasting cultural impact more than twenty years after the launch of the first-generation New Beetle and a hefty $70,000+ price tag conspired against its mainstream success.
The good news, if there’s any to be had, is that early “flippers” are getting badly burned – and, while there’s no indication that the owner of this particular ID.Buzz was hoping to get an early example of a hot car from a dealer and flip it for a profit, their experience could and should serve as a warning to others.
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The van, itself
The van was listed on BringaTrailer.com (all photos, above, are from the listing), and sold last week for $61,500. The included window sticker, which is typically considered a “must-have” for car collectors, shows initial delivery to Fremont Volkswagen of Casper, Wyoming, and lists all the features and equipment that brings the final sticker price to a staggering $72,385.
For that price, VW saw fit to throw in a set of woven floor mats. But, in fairness, the reality of this could have been much, much worse for the original buyer.
$35,000 dealer markup
VW San Bernadino screencap; via HotCars.
Back in December, Hot Cars ran a story about Volkswagen of San Bernadino marking up a nearly identical 1st Edition ID.Buzz from its $72,668 sticker to a jaw-dropping $107,668 – fully $35,000 of dealership price-gouging markup, despite calls from VW corporate pleading with its dealer body to not do that.
“McKenna Volkswagen Cerritos has another 1st Edition listed for $97,815. That’s still $25,000 added on top of the MSRP for no reason,” wrote Amanda Clein, back in December. “No matter where you look, the electric bus is marked up at a bunch of dealerships. King Volkswagen in Maryland has one 1st Edition available. This one is finished in a cool orange color but is still being subject to a $10,000 markup”
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