Tesla stomped on its Supercharger plans | Microsoft made a mammoth renewables deal | [Finimize]( â TOGETHER WITH â â Hi {NAME}, here's what you need to know for May 2nd in 3:14 minutes. â ð Our Finimize Ladies Investing Club's next in-person meet-up is next Thursday. [Grab your free ticket to the workshop](, and start looking forward to an evening spent discussing real, tangible tips for building wealth in the here and now. [Get your free ticket]( Today's big stories - Tesla cut a whole division loose, which could drain its network of EV chargers
- You could add some sophisticated-sounding profit to your portfolio with âmerger arbitrageâ â [Read Now](
- Microsoft signed a massive deal with Brookfield Asset Management, designed to make the tech giantâs data centers a little more green All For One, None For All [All For One, None For All] Whatâs going on here? Tesla [fired]( its entire Supercharger division to save its bottom (line), showing no mercy for the rival carmakers that were counting on its expansive charging grid. What does this mean? Tesla announced last quarter that revenue had slid by 9% from the same time last year, despite the EV maker rolling out a sequence of price cuts to entice budget-conscious consumers into the showrooms. So now, Teslaâs leaning into cost-cutting instead, shutting down the division that runs the Supercharger charging network as part of a massive belt-tightening effort. But despite firing two senior executives and hundreds of staff, Musk still somehow plans to expand the Supercharger network. Only now, the focus is more on maintaining existing stations than building new ones. Why should I care? Zooming out: Back to the drawing board. Charging stations might sound like a mere accessory, but Tesla has poured billions into this network to make it one of the worldâs best and biggest. So investors arenât just worried about the implications for Tesla. Rivian, Ford, and General Motors all rely on Superchargerâs infrastructure â so if they want to grow their charging networks at speed, theyâll need to make alternate plans. And theyâll be starting from scratch. Tesla didnât give anyone a heads up, not even investors or the companies that make their money working on those stations up and down the US. The bigger picture: To EV, or not to EV. Mercedes, General Motors, and BMW recently launched their own charging venture together, with an aim to reduce carmakersâ reliance on Teslaâs established network. The pullback could be exactly what they need, then. Of course, their work will only pay off if folk keep driving EVs: still-to-be-won-over drivers are already wary of relying on chargers to get them from A to B, and with electric and hybrid cars still costing more than traditional ones, this could be the straw that broke the electric transitionâs back. You might also like: [The hybrid hype has put even Tesla in the back seat.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=All For One, None For All&utm_campaign=daily-global-02-05-2024&utm_source=email) Analyst Take
How To Make Money On Big Merger Deals [How To Make Money On Big Merger Deals]( By Russell Burns, Analyst Some hedge funds do nothing but bet on the outcome of takeover situations â itâs whatâs known as [merger arbitrage](. Itâs not a mainstream route, and certainly not one that many individual investors take, but that doesnât mean you canât take a page from their specialized playbook and profit from it. Letâs look at how you might do it, starting with todayâs most talked-about potential tie-up: BHPâs unsolicited bid for Anglo American. Thatâs todayâs Insight: [how merger arbitrage traders make money on big deals](. [Read or listen to the Insight here]( How to invest in crypto [Cryptocurrencies]( are increasingly becoming a part of mainstream finance and traditional portfolios. The digital assets have been easier to ignore in the past, though, so plenty of investors havenât spent the time getting to grips with [the fundamentals of crypto investing](. But now that bitcoin spot ETFs have made it simpler to invest in the digital realm, itâs prime time to wrap your head around the complexities that come with crypto. So weâve teamed up with [Grayscale]( â the worldâs biggest crypto asset manager with over a decade of experience in related investment funds â to break down everything you need to know before you start investing in crypto. The guide will walk you through the ideal role crypto could play in your portfolio, the different ways you can invest in digital assets, and why youâd even want to take the plunge. So [check out our free guide with Grayscale](, and take the complicated out of crypto. [Read The Guide For Free]( Data-Centered [Data-Centered] Whatâs going on here? Microsoft shook on a mammoth [deal]( with Brookfield Asset Management to add more renewable energy to the grid, all to support the tech titanâs power-hungry data centers. What does this mean? The widespread use and development of AI means that data centers â massive warehouses packed with computing gear â are whirring away like never before, with Microsoft alone opening a new one every three days. Problem is, these data centers suck up a ton of electricity, which is putting a damper on Big Techâs efforts to flaunt their eco credentials. So to clean up its act a little more, Microsoft has announced a partnership with Brookfield Asset Management that will bring another 10.5 gigawatts of renewable energy to the grids that fuel the firmâs data centers â enough to power nearly two million homes. Why should I care? For markets: Utility companies are getting a rebrand. The International Energy Agency projects that global power demand for data centers will hit over 1,000 terawatt-hours by 2026. For context, thatâs the entire annual electricity consumption of Japan. And predictions are only moving in one direction: forecasts for electricity demand growth in the US â home to a third of the worldâs data centers â in five yearsâ time have nearly doubled over the past 12 months. So while utility companies are usually one of the stock marketâs more boring corners, they may just offer a savvy way to benefit from the AI boom. The bigger picture: Tech needs to choose a North Star. The more energy data centers need, the less likely it is that intermittent renewable power will be able to keep up. So as one of the few energy sources that can deliver reliable, round-the-clock power, natural gas could be around for longer than most folk think. After all, tech firms deciding between making money from AI and saving the world is hardly Sophieâs Choice. You might also like: [The new investing power couple, AI and energy.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
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