Jay Leno ‘s commentary on the state of business in America on Tuesday was a wake-up call for Jim Cramer.
“Every once in a while you get a wake-up call about how gloomy things actually are out there. They come in all shapes and sizes. Today’s came in the form of Jay Leno,” the “Mad Money” host said.
Leno appeared on CNBC’s “Squawk on the Street” after ringing the opening bell at the New York Stock Exchange Tuesday to celebrate “Jay Leno’s Garage,” and spoke with Cramer on his opinion on Tesla (NASDAQ: TSLA). But it was the acknowledgement of the undercurrent of gloom within the American business foundation that stuck with Cramer.
“I don’t understand why people attack this car. It is made in America, by Americans. It is built local. You know we are becoming like the British — we like noble failures more than we reward success,” Leno said.
Leno compared Tesla CEO Elon Musk to great car legends such as Thomas Edison or Henry Ford for his ability to produce cars against all odds.
“I think Jay has a pretty good point. And he is dead right when he says ‘I don’t understand why we don’t celebrate entrepreneurship more and success in this country’,” Cramer said.
While Cramer still maintained that he cannot value Tesla’s stock, he did recognize that many underestimate the fact that Tesla has long waiting periods to buy the car, whereas most other cars can be bought on demand and likely at a discount.
Leno added that he believes engineers will save the world one day, stating that Los Angeles has millions more cars than it did in 1972 and has less smog now.
“We often forget that there is such thing as progress, and progress can create a better world. Progress is also the secret propellant of stocks,” Cramer said.
Thus, if the success of entrepreneurs like Elon Musk is overlooked, there is clearly a negative backdrop to the stock market. The gloom has permeated stocks for so long; many investors forget that anything can even go up.
“I suggest you use Jay’s words, not as a clarion call to go buy stocks, but as a reminder that getting too pessimistic is at odds with reality, and that progress is worth celebrating,” Cramer said.
So for those investors that abide by the “sell in May” or any other month mantra, Cramer reminded them that engineers have done amazing things, and companies still create incredible products. Stocks, too, can go higher on this simple notion of progress celebrated by Leno.
Source – CNBC / Abigail Stevenson
Renewable Jet Fuel Now In Use
JUN 14 2016
Amyris, Inc. (NASDAQ: AMRS) is the integrated renewable products company that is enabling the world’s leading brands to achieve sustainable growth. Amyris applies its innovative bioscience solutions to convert plant sugars into hydrocarbon molecules, specialty ingredients and consumer products. The company is delivering its No Compromise® products in focused markets, including specialty and performance chemicals, fragrance ingredients, and cosmetic emollients.
On May 29, 2016, Cathay Pacific commenced a two-year program of flights from Toulouse to Hong Kong using Amyris renewable jet fuel. The initial 12-hour flight was the longest flight using a renewable jet fuel to date, further underpinning the ‘drop-in’ characteristics of Amyris Biojet fuels. Cathay took delivery of a new Airbus A350-900 that flew from the Airbus facility in Toulouse, France, to Hong Kong using a 10% biofuel jet blend provided by Amyris with the commercial and industrial support of Total S.A. The combination of the new airplane’s improvements in fuel efficiency (about 25% better than current aircraft) and the fuel’s properties resulted in an estimated 30% reduction in CO2 emissions according to Cathay when compared to comparable flights in recent-generation aircraft using fossil fuels. All of Cathay’s upcoming A350-900 aircraft deliveries over the next two years will use the Amyris/Total Biojet fuel.
“Amyris and Total have a leading position in the biojet space and we are excited by the potential of this quality fuel to help us achieve the objective of growing our fleet, whilst minimizing our CO2 emissions per passenger,” said Jeff Ovens, Head of Cathay Pacific’s Biofuel Program. “This two-year contract supporting regular, ultra long haul flights, will provide us with valuable experience as we move closer toward commercial scale volumes of biojet becoming available over the next few years.”
Amyris and Total created a sustainable sugar cane-derived, farnesene-based renewable jet fuel through a long-term renewable-fuels partnership using a process certified by the RSB. These flights represent another step toward projected long-term demand for farnesene for a variety of renewable products. In the area of jet fuels, the two parties have regularly showcased their advanced ability to sustainably fuel commercial jet transportation reliably and efficiently through existing infrastructure by fueling periodic flights for several major airlines. These flights are helping to pave the way for sustainable commercial air travel in the future based on improvements in biofuel economics.
Source – Company Press Release