💪 GM comes for Tesla

GM's $280 billion dream | UK house prices hit the roof | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for October 8th in 3:09 minutes. 🌎 Tim Berners-Lee made millions off the internet, and now it’s your turn. Join Onfolio founder Dominic Wells for[How To Make Money From Online Businesses]( on Tuesday, and find out how you can profit from the good old www. [Get your free ticket]( Today's big stories - US carmaker General Motors laid out plans to double sales by 2030 - Some of the biggest IPOs of the year have been and gone, but you can still profit from the most successful of them – [Read Now]( - UK house prices jumped by the most in 15 years last month Detour De Force [Detour De Force] What’s Going On Here? General Motors (GM) [said]( earlier this week that it’s planning to double its revenue by 2030, and America’s biggest carmaker knows exactly where it has to go to make that happen. What Does This Mean? Carmakers the world over have been rushing to make electric vehicles (EVs) for an increasingly eco-conscious customer, and GM is no different: the company pledged in June to spend $35 billion on EVs by 2025, as well as to stop making traditional cars completely by 2035. It reckons that shift will boost its EV revenue from $10 billion in 2023 to $90 billion in 2030. And it’s not stopping there: GM thinks it’ll earn $80 billion from its other new businesses too, including self-driving cars and subscription services like breakdown cover. Put it all together, and the company’s hoping to hit $280 billion in sales by the end of the decade. Why Should I Care? For markets: Investors are digging GM. GM’s stock is up 40% this year versus the US stock market’s 20%, and that rally might not be over anytime soon. For one thing, the introduction of subscription services will boost the firm’s profits, since they boast higher [margins]( than cost-heavy car sales do. And for another, the push toward EVs will appeal to an investor base that’s investing more and more in sustainable companies. The bigger picture: GM’s taking Tesla’s lead. GM sold 10 times more cars than Tesla last year, but it’s still valued at 10 times less than the EV market leader – mostly because Tesla is treated as a high-growth tech company rather than a carmaker. GM, then, is reportedly trying to rebrand as a “tech-enabled mobility" firm, and it started by introducing a new in-car software platform on Thursday. But since it could take years to compete with Tesla on its own turf, GM’s planning to move into robotaxis and self-driving delivery services in the meantime – both areas Tesla hasn’t tried yet. You might also like: [Forget Tesla. There might be an even better EV play right now.]( Copy to share story: [( 🙋 [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=Detour De Force&utm_campaign=daily-global-08-10-2021&utm_source=email) Analyst Take Have You Missed Out On 2021’s Biggest IPOs? [Have You Missed Out On 2021’s Biggest IPOs?] [Photo of Carl Hazeley] Carl Hazeley, Analyst What’s Going On Here? 2021’s been a big year for [initial public offerings]( (IPOs). But if you’re coming down with a severe case of IPO FOMO, never fear: [some of them]( still have plenty of promise. Take [Affirm](, whose strong start to public life continues to be justified by the enthusiasm around buy-now-pay-later companies, not to mention the chance it gets bought out. Or [Bumble](, which has continued to diversify its friendship and business networking tools in subtly impressive ways even as its share price has dropped off. That’s today’s Insight: what’s happened to this year’s hottest IPOs in the months since, and [whether you still have time to buy into the hype](. [Read or listen to the Insight here]( SPONSORED BY YIELDSTREET Look beyond the stock market With stocks near record-highs, [profits]( are only getting harder to come by these days. In other words, you’d be smart to look at investments that don’t typically move in line with the stock market. [Yieldstreet]( offers a way to do just that: an [alternative investment platform]( where you can invest in real estate, art, aviation, legal finance, and more. You get to choose from their [unique suite of products]( across a range of asset classes, all with different yields, durations, and minimum investments. And since only a fraction of the billions of dollars’ worth of deals [Yieldstreet]( analyzes make it onto its platform, you won’t have to spend all day looking for [opportunities that meet your needs](. You can invest with just $500: [get started today](. [Get Started]( The Great Escape [The Great Escape] What’s Going On Here? Data out on Thursday [showed]( UK house prices jumped by the biggest monthly increase in almost 15 years in September, as the country’s commuters swap queues for views. What Does This Mean? A world where you don’t have to schlep into the office is a world where you can work from anywhere, and Brits certainly haven’t let that opportunity pass them by – so much so that the average UK house price climbed 1.7% in September versus the month before. That brings the average cost of a house to a record £268,000, or $365,000 ([tweet this](). The market still has plenty going for it too, even if the government has done away with the tax breaks it rolled out last year. Rock-bottom interest rates have made sure it’s cheap to take out a mortgage, a shortage of properties is keeping prices high, and homebuyers still have lockdown money tucked away that they’re itching to spend. Why Should I Care? The bigger picture: London’s overrated. London used to be the place to set up shop in the UK, but it looks like it’s falling out of favor: house prices in the capital were only 1% higher than they were in September 2020, compared to the country’s 7% rise overall. That makes sense: this new era of remote working has driven plenty of former city slickers elsewhere in search of more space for less money. For markets: There’s no such thing as a sure thing. Still, there’s one major factor putting the British housing market at risk: high inflation could dent homebuyers’ buying power. That’s certainly something investors think is a clear and present danger, with data out on Wednesday [showing]( that [inflation]( expectations are at their highest since 2008. And if the Bank of England decides to limit price rises by raising interest rates, it would suddenly cost more to get a mortgage, and demand might slip even more. You might also like: [Are house prices poised to tumble?]( Copy to share story: [( 🙋 [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=The Great Escape&utm_campaign=daily-global-08-10-2021&utm_source=email) 💬 Quote of the day “There’s something about taking a plow and breaking new ground. It gives you energy.” – Ken Kesey (an American novelist, essayist and countercultural figure) [Tweet this]( SPONSORED BY ALBERT Banking made easy A bank should help you stay on top of your finances, not help make them more complicated. That’s why [Albert]( lets you spend, save, and invest all in one place. Albert’s algorithm analyzes your bills, income, and spending to [automatically build up savings]( as you spend. It’ll help [keep you on track]( toward your goals too. 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Thanks for that. 🌎 Finimize Live 🤫 There’s life after Finimize We enjoy every minute of working at Finimize, for sure. But eventually, 60 years or so down the line, we’ll probably think about hanging up our branded socks. And when we do, we want to be ballers with money to spare. That’s why we’re heading down to [Age Wealthily, Not Gracefully](, where Hargreaves Lansdown’s Tom McPhail will make sure we’re using a zimmer frame made of gold. 💪 [How To Make Money From Online Businesses](: 1pm UK time, October 12th 👵 [Age Wealthily, Not Gracefully](: 5pm UK time, October 13th 🤔 [The Pros And Cons Of Alternative Investments](: 5pm UK time, October 18th 👍 [How To Trade In Good And Bad Times](: 5pm UK time, October 19th 👀 [How To Spot A Market Dud](: 6pm UK time, October 20th ⚡️ [What’s Next For EV Batteries?](: 11am UK time, October 21st 🤓 [A Smarter Way To Profit In The Short Term](: 5pm UK time, October 21st 🇰🇷 [Are Korean Stocks The Next Big Thing?](: 1pm UK time, October 22nd 🚀 [How to Assess Winning DeFi Projects](: 6pm UK time, October 28th ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. 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