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Here’s What You Missed 10/18/18

Daniel Chase

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  1. Preheat oven to 350
  2. In a bowl, mix together mashed bananas, mayo, and egg. In a separate bowl, combine flour, sugar, baking soda, salt, and pecans
  3. Add flour mixture to wet mixture and stir until combined
    1. The mixture will be very thick, do not over mix
  4. Pour into a greased loaf pan. Bake 60-70 minutes or until a toothpick comes out clean.
  5. Remove from pan and allow to cool completely 

Assuming you’ve made a delicious loaf of banana bread, here’s what you missed in the news yesterday. 

Tesla (TSLA) Releases Affordable Tesla That Runs on AA Batteries 

The new Model 3 doesn’t actually run on batteries, but Tesla (TSLA) CEO Elon Musk announced on Twitter (TWTR) that the company’s Model 3 sedan is officially on the sale rack. Musk wrote, “costs 35k after federal and state tax rebates in California, but the true cost of ownership is closer to 31k after gas savings. 

“As Model 3 production and sales continue to grow rapidly, we’ve achieved a steady volume in manufacturing capacity, allowing us to diversify our product offering to even more customers. Our new Mid-Range Battery is being introduced this week in the U.S. and Canada to better meet the varying range needs of the many customers eager to own Model 3, and our delivery estimate for customers who have ordered the Standard Battery is 4-6 months.”

  • Tesla Spokesperson to CNBC

Musk’s SEC court settlement, coupled with his newest Tesla (TSLA) “BOGO” deal, has allotted the innovative, and somewhat frenetic, CEO to have quite a bit of media attention these last few weeks.

Alexa, Where Is The New Amazon (AMZN) Headquarters? 

Not Alexa, nor Amazon (AMZN) executives, will tell anyone where they planning on building their new HQ2. The new location, costing roughly $5 billion to build, but allowing for the creation of over 50,000 new jobs, is being sought out by a super, secret, search committee. The growing consensus, according to NY times analysts, suggests that that HQ2’s new home may end up in the city that never sleeps, Northern Virginia.

Currently home to Amazon’s cloud computing division’s “largest and fastest-growing office outside of Seattle,” all bets are on Northern Virginia, specifically in Crystal City. 

“There are a lot of merits to a lot of these places, but at the end of the day, all of the signs are pointing to Crystal City. I’m just going to say it. ”

Amy Liu, Director of the Metropolitan Policy Program at the Brookings Institution

You know, I’ve famously said that all roads lead to Crystal City. Or was it Rome?

Sweep The Leg..Or Body Slam, That Works Too

On special election eve in 2017, Greg Gianforte, a Republican from Montana, body-slammed Guardian reporter Ben Jacobs. Apparently, Jacobs had asked him a question about the Affordable Care Act, and Gianforte did not like the sound of that. So, channeling the energy of that time he played linebacker in Pee-Wee flag football, Gianforte body slammed the poor reporter. 

Well, is it any surprise to you that President Trump was proud of this moment. At a Thursday night rally in Missoula, the president publicly applauded the actions of Greg Gianforte. “Any guy who can do a body slam,” proceeding to demonstrate the move, “he’s my kind of guy.” 

Towards the end of the rally, Trump discussed the possibility of running against former Vice President Joe Biden in the 2020 Presidential Election. Biden famously despises President Trump and once threatened to take Trump “behind the gym.” 

“He’d be down faster than Greg would take him down. He’d be down so fast. Remember? Faster than Greg. I’d have to go very fast. I’d have to immediately connect.”

President Donald Trump

Regardless of which side of the aisle you find yourself sitting, I would pay an absurd amount of the currency of your choice to watch Biden and Trump go toe-to-toe.

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Automotive

As Tesla (TSLA) Stock Price Consolidates, What Should You Watch?

Joe Samuel

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In the past few weeks, Tesla Inc. (NASDAQ:TSLA) stock price has been making headlines for various reasons. Currently, the electric vehicle maker is making headlines after its decision to reintroduce unlimited supercharging for owners of the Model S sedan and Model X cars.

Unlimited free supercharging for Model S and Model X

This is not the first time the company is offering free supercharging benefits and this shouldn’t be a big deal. However, for investors who are reading between the lines, this can be unsettling for Tesla stock price. Investors are still not sure what motivated the decision to bring back the free supercharging for life hardly a year after it was phased out.

[Special Report] On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

It is expensive for the company to power cars of customers for life when it has been facing unprofitability issues. The company has been laying off employees and cutting costs to show that it can be profitable in the long-term. Following the announcement of Q2 earnings Tesla stock dipped 10% after the company announced a net loss of around $408 that was almost three times what Wall Street analysts had predicted on a per-share basis.

Free supercharge for life to boost sales of Model S and Model X cars

The return of free charging is a desperate move by Tesla as it looks to boost sales of the Model S and Model X vehicles. For months bears have argued that the low-margin Model 3 car is the reason there is low demand for these premium profitable models.

For instance, in Q2 Model X sales were down 40% while Model S registrations dropped 54% in California which by far is Tesla’s biggest market. On the other hand Model 3 sales doubled in the quarter. Although this might look like good news for the company it is nonetheless not if the low margin Model 3 is eating into the demand for higher-margin models. 

If the company at some point phased out free supercharging then it will be pulling forthcoming sales forward. That with disappearing tax credits may help in creating a future demand vacuum for Model X and Model S vehicles.

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Automotive

Auto Stock Prices In Jeopardy After Latest Earnings Reports From Ford & Tesla

Joe Samuel

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F stock price TSLA stock price

After disappointing earnings, both Ford stock price and Tesla stock price fall

The automobile industry has been through its fair share of troubles over the past few years, due to a range of factors. However, it cannot be denied that one company that has been going through a prolonged churn is Ford, one of the giants of the industry.

[Article] Can On-Demand Delivery Help Boost Autos In The Coming Quarters?

On the other hand, electric car manufacturing giant Tesla has had a rollercoaster ride for years now. That continues to be the case for the company. This week, both these companies released their Q2 2019 earnings and the results proved to be disappointing.

Ford Stock Price

Ford Motor Company (NYSE:F) released its earnings on Thursday. Unfortunately, the results proved to be a major disappointment for investors. In addition to that, the company’s projections for the full year also proved to be well short of expectations.

Back in April, the shares had attained the biggest gains in a decade after the carmaker beat expectations, but the second-quarter results have dented the stock considerably. The Ford stock price declined by as much as 7.45% following the results, which is the biggest single-day fall since January 17 and the next few days could prove to be crucial.

On the other hand, the earnings for the full year were projected to be in the range of $1.20 and $1.35 a share. Analysts had expected earnings of $1.40 a share.

Tesla Stock Price

On the other hand, electric car maker Tesla Inc (NASDAQ:TSLA) may have generated record deliveries. But the company’s losses widened and the resignation of co-founder J. B. Straubel didn’t help matters either. However, one of the bigger reasons behind the Tesla stock price tanking by as much as 14% on Thursday was the fact that CEO Elon Musk seemed to backpedal on his promise about turning a profit in the remaining quarters this year.

Although Musk did reiterate the company’s quest to turn a profit in the next two quarters, he seemed to stress more on the growth of volumes and enhancement of production capacity. Analysts believe the company needs to increase its margins if it wants to become a serious player in the industry.

Like This Article? Check Out: Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

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Automotive

Tesla Stock Price Makes Smart Recovery; Production, Sales Jump

Jon Phillip

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Tesla stock price has made a recovery, no matter how brief it may be. New light on the company’s production could be a key factor in recent moves for TSLA stock

Tesla Inc (NASDAQ:TSLA) may have had a highly disappointing start to 2019 when it reported shrinking deliveries. Naturally, Tesla stock price dove as well. However, in its latest quarter, the electric car manufacturing generated record-breaking delivery figures. All of a sudden it became a far more attractive proposition for investors.

Key Drivers For Tesla Stock Price

In addition to better delivery data, there are many other factors generating interest on Tesla stock price. It has emerged that Tesla plans to consolidate its position as the leader of the electric car manufacturing industry. The company is ramping up hiring. It is trying to take its production capabilities to higher levels in the coming quarters.

[Report] Are Delivery Stocks Going To Start Using TSLA To Ship The Goods?

It is important to note that optimism around TSLA stock has been bullish since June. Thus far it has rallied by as much as 35% during the period. The news about the hiring spree from Tesla came after a leaked e-mail. The e-mail mentioned Tesla will hire more workers to ramp up production at its Freemont, California plant.

The push towards higher production started from the record-breaking performance from Tesla in its latest quarter. In addition to that, the presence of the factory in Shanghai will also allow the company to raise production capabilities. It could also help Tesla reach its annual target of 400,00 deliveries.

Earnings Forecast For Tesla

Analysts estimate that the loss per share for 2019 will be $1.68, which is lower than the previous estimate of $1.79. On top of that, analysts have also estimated that Tesla is going to have $5.05 worth of profits per share next year. That is definitely a significant argument in favor of Tesla stock. That being said, other factors like subsidies and geopolitical factors could impact the stock. Investors should be careful about those risks as well.

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