🫂 Tesla's sharing

Tesla's letting Ford drivers use its charging stations | UK retail sales ticked up | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 29th in 3:13 minutes. 🍦 It’s time for the spring public holiday here (read: national picnic-and-ice-cream day), and our team are grudgingly shutting their Bloomberg terminals and getting some much-needed Vitamin D right now. Expect a sunnier, peppier newsletter after tomorrow's little intermission. Today's big stories - Tesla’s letting Ford drivers “fill up” at its network of fast-charging stations - Profit margins could be in for an AI flex – [Read Now]( - Brits did some end-of-spring spending, giving retail sales a handy boost Car Pool [Car Pool] What’s going on here? Tesla [decided]( that sharing is caring, and opened its network of EV charging stations to Ford drivers. What does this mean? The US is a vast country, and the distances that some Americans travel to work would carry you across half a dozen national borders somewhere like central Europe. But that free-wheeling spirit poses a problem for the EV industry: after all, charging stations are still few and far between, and drivers risk running out of power on longer journeys. Now, though, Ford’s making life on the road a little easier for its EV owners: they’ll be given access to Tesla’s 12,000 fast-charging stations – more than doubling the number of fast-charging stations in Ford’s North American network. And while current owners will need an adapter to plug in, Ford’s next generation of EVs will be designed to connect seamlessly with Tesla’s stations. Why should I care? The bigger picture: An offer Tesla couldn’t refuse. Let’s face it: Tesla didn’t have much of a choice here. The US government’s long had a problem with how jealously the firm guards its charging stations – and its latest tack essentially involved saying, “Nice government subsidies you’ve got there. It would be a shame if something happened to them.” That meant Tesla was planning to open up its charging network to all EVs by 2024 anyway. But whether that turns out to be a boon – or whether it just robs Tesla’s cars of a key competitive advantage – is still up in the air. For markets: Early but expected. Given that Tesla was already planning to open its charging network, analysts will already have factored this move’s cash-generating prospects into their predictions for the firm’s stock. So even though this announcement didn’t really change anything long-term, it has brought forward aspects of that plan – along with some of the profit. And that little fast-forward might explain why Tesla's stock rose on Friday. You might also like: [What investors are getting wrong about the EV market right now.]( Copy to share story: [/car-pool]( 🙋 [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=Car Pool&utm_campaign=daily-global-29-05-2023&utm_source=email) Analyst Take Profit Margins Have Begun To Sag. AI Could Have A Fix. [Profit Margins Have Begun To Sag. AI Could Have A Fix.]( [Photo of Reda Farran] Reda Farran, Analyst Profit margins have a huge influence on earnings growth and, in turn, [stock market returns]( – a fact that doesn't go unnoticed by investors. That’s why they [pay close attention]( to their direction. But today, we’re seeing some [conflicting trends](, which mostly come down to current levels of inflation and the future promise of AI. So, I decided to dig into some insightful [research from Goldman Sachs]( that explores the near-term and long-term outlooks for the S&P 500’s profit margins in more detail. That’s today’s Insight: [how profit margins could benefit from the AI revolution.]( [Read or listen to the Insight here]( SPONSORED BY SWISSQUOTE Future-proof your portfolio Even today’s most successful companies aren’t guaranteed a seat at [the top table in the future](. Just take [fossil fuel companies](, for example: as countries around the world start tidying up their acts with greener energy, some of those [big-money companies]( could well be tossed aside. But hey, at least you can stay ahead of the curve: by [filtering companies on Swissquote](, you can sort the [future-forming firms]( from the ones more likely to be left behind. And that’s not just environmental. You’ll get a rundown on [social and governance scores]( too, and you can [filter out specific industries]( that you’d rather avoid, like ones that do animal testing. That means you could set up [smarter bets for the future]( – and you’ll start reaping the rewards today: [transfer or fund an account by May 30th, and you’ll get up to €500](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Spring Forward [Spring Forward] What’s going on here? Data out on Friday [showed]( British retail sales had a spring in their step in April. What does this mean? Inflation might not have been showing much chill last month, but that didn’t stop gung-ho British shoppers splashing out. The tidy little splurge was probably partly down to higher welfare payments and a juiced-up minimum wage – but the long-awaited advent of sunnier weather might’ve triggered a national wardrobe update too. Still, it wasn’t just linens and parasols that folk were buying: sales rose in every category except for fuel and household goods. All in all, then, the volume of goods sold online and in stores increased 0.5% from March – almost double the uptick economists were expecting, and a welcome return to growth after a 1.2% dropoff in March. Why should I care? Zooming in: May may make good. British spending seems to be hitting its stride: the three-month period leading up to April recorded the highest sales volume increase since August 2021 – and that momentum might keep on rolling. After all, May boasted three bank holidays and some warmer weather, giving shoppers ample opportunity to splurge. Add in the fact that consumer confidence climbed to an annual high, and there’s a good chance this month’s figures will keep the upward trend going. And that’s not to mention the lower energy price cap slated for July, which will leave Brits with a little more cash to splash this summer too. The bigger picture: Wage war. The British economy is holding out pretty well on the whole, but rising wages have been a key factor in its resilience, and that’s a problem. See, that juicy pay is sparking more fiery inflation – the opposite of what the Bank of England wants. So with some extra interest rate hikes on the cards, the economy’s true mettle could soon be put to the test. You might also like: [Morgan Stanley says the UK could deliver a huge surprise in 2023.]( Copy to share story: [/spring-forward]( 🙋 [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=Spring Forward&utm_campaign=daily-global-29-05-2023&utm_source=email) 💬 Quote of the day "Life is a moderately good play with a badly written third act." – Truman Capote (an American novelist, short-story writer, and playwright) [Tweet this]( SPONSORED BY CME GROUP You could turn volatility into your portfolio’s tailwind Market volatility doesn’t need to be a turn-off. Instead, you could use it to get your portfolio going. You could do that by using [futures](: investors use them to hold a stake in a variety of markets, manage their risk, and hedge their bets. The thing is, they can be tricky to wrap your head around. But our new [Finimize and CME Group guide]( aims to demystify the whole process for retail investors, breaking down [what futures are, how to trade them, and their pros and cons](. Then you can put your newfound know-how to work. You’ll find countless [fresh, quality options]( with unmatched liquidity at [decent value]( at CME Group, plus any [tools you’ll need]( along the way. So, if you want to start using volatility to your advantage, you can brush up on futures with the [Finimize and CME Group guide](. DisclaimerCME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc. [Find Out More]( When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up This Week... All events in UK time. 3️⃣ [Three Reasons To Invest In Crypto Right Now](: 5pm, 30th May 💥 [A Guide To Impact Investing 2.0](: 1pm, June 1st 👀 And After That... 🌎 [The ESG Revolution: Investing with Purpose](: 6pm, June 8th 🙋‍♀️ [Finimize Ladies Investing Club](: 6.30pm, July 13th 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th 🎯 On Our Radar 1. “It is what it is”. We've turned those five little words into a [modern coping mantra](. 2. Investing apps are facing headwinds. But there's a world of [untapped revenue]( out there. 3. The Ice Age of property. The housing market’s changing, and it [could get very ugly](. 4. The Tako takeover. TikTok’s testing a brand-new [AI chatbot](. 5. Footloose and faring fine. Looks like your walking habits are tied closely to [your brain’s health](. ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: Midjourney | Midjourney Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 Crafted by Finimize Ltd. | 280 Bishopsgate, London, EC2M 4AG All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. 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