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# Larry's Weekly Newsletter - August 2, 2026
- URL: https://larrysalibra.com/newsletter/larrys-weekly-newsletter-august-2-2026/
- Published: 2026-08-02T15:41:15.000Z
- Updated: 2026-08-02T15:41:15.000Z
- Author: Larry Salibra
- Tags: newsletter, weekly

Hello friends!

I spent the past week taking family members that haven't visited China in a decade and a half around Guangdong province in the Chinese mainland. Things have really changed here in the past decade and if you haven't visited China in a while (or ever) you're missing out!

Below are my posts over the past week. Hope you enjoy!

Yours,  
Larry

[EV charging: slow mode is all you needThere are basically two modes of EV charging: Fast mode and slow mode. Fast mode is where you want to use the car, are in a rush and are waiting for the charge to complete so you can continue on a journey. This is the mode used by people on![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-3dc7119c-0954-414d-a4c3-c6cc10314941.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/larry-4-3f2c7a58-1357-4799-b1d7-51f308a242e4.jpg)](https://larrysalibra.com/ev-charging-slow-mode-is-all-you-need/)

[SpaceX isn’t a very good businessI didn’t invest in the SpaceX IPO and even if I wanted to, couldn’t easily do so since they blocked Hong Kong residents. It seems like Elon timed and priced it perfectly for the company. The thing is, it’s not a very good business at anything near![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-3eea06e6-5559-45e5-b9e7-e33e6c099a42.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/Screenshot-2026-07-28-at-11.55.06---PM-bbbbb609-4d7b-4cb4-bab9-4f36c054ea56.jpg)](https://larrysalibra.com/spacex-isnt-a-very-good-business/)

[China’s biggest EV SUV has a sense of humorOn a rainy day in China with visitors from abroad, one of the best forms of entertainment is free: test driving Chinese EVs. Today, I test drove China’s largest EV SUV, the 5.4 meter long NIO ES9 “Executive” SUV. It has 697 hp and is absolutely massive. I![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-59a86d99-d5b1-4c52-8edb-254598322377.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/IMG_3526-c406b7d4-a786-47b9-83d5-652c2e653671.jpeg)](https://larrysalibra.com/chinas-biggest-ev-suv-has-a-sense-of-humor/)

[HK taxis & buses don’t need handouts, they need EVsDiesel and LPG fuel prices in Hong Kong have massively increased since the beginning of the Iran war. As of today, the diesel price is around US$4.6 per liter...that’s approaching US$18 per gallon for the metrically challenged. To help cushion the fast change in price,![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-caf86b00-b19f-4d8a-84f9-681921446f78.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/IMG_2602-4ec0c0c5-8e19-4ffa-b5cf-705be64c181f.jpeg)](https://larrysalibra.com/hk-taxis-buses-dont-need-handouts-they-need-evs/)

[Winners compete, losers cheatBanning Chinese competition is a losing strategy.![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-84cb846f-bcb5-4d62-85a9-4e2dc1777bad.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/IMG_0622-91983cb1-5870-4baa-b91a-e4ddbc3084bd.jpeg)](https://larrysalibra.com/winners-compete-losers-cheat/)

[A Rockefeller connection in Hong Kong’s MTRAfter listening to The Knowledge Project’s episode on John D. Rockefeller over the past few days, I started reading more about him online. I knew Rockefeller’s Standard Oil was big, but didn’t know that it was so big that it was selling kerosene in China during the![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-f01d8d64-de07-47fc-bc16-62b32310bd7b.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/1978025-08c87272-e51f-4467-be52-9f345cbf2007.jpg)](https://larrysalibra.com/a-rockefeller-connection-in-hong-kongs-mtr/)

[We can’t choose the era we live inA Chinese friend was telling me today that many of his friends felt that the economy today was very unfair. Today isn’t like the 1990s in China where everyone was equally poor and “just” working really hard was a receipe for success they say. It sounds a lot like![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-d27a2c52-8f5f-4aa0-b6d0-b4133c009d33.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/larry-4-0ac77bf8-00a7-4e47-9b33-b2b21e05fe9c.jpg)](https://larrysalibra.com/we-cant-choose-the-era-we-live-in/)