🥵 Tesla's new throuple

Tesla formed the ultimate road-ruling gang | The UK sided with energy companies, ish | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for June 12th in 3:15 minutes. 💌 The best investment strategies are stored in the minds of the world's very richest. Well, they used to be: join Covey's Brooker Belcourt for [Co-Trading: A New Way To Beat The Market]( on June 26th, and uncover the top dogs' not-so-secret strategies. [Grab your free ticket]( Today's big stories - General Motors became the latest carmaker to join Tesla’s all-star charging network - Bank of America sees these software stocks becoming the biggest AI winners – [Read Now]( - The UK government eased up its windfall taxes for oil and gas companies, on one condition The Wheel Deal [The Wheel Deal] What’s going on here? General Motors (GM) [became]( the latest carmaker to buddy up with Tesla last week. What does this mean? Ford [announced]( only a few weeks ago that it was cozying up to Tesla and accessing the OG EV maker’s sprawling charging network. And now GM’s jumping on the electrified bandwagon, signing a similar deal and planning to adapt its cars for Tesla’s chargers. That’s some trio: Ford, GM, and Tesla are the three biggest US players in the space, making up around 70% of the country’s EV sales. Tesla, then, has effectively cemented itself as the industry standard for electric charging, which could convince more carmakers to join the club. So if any petrol heads have been put off by sparse compatible charging spots, this all-star network could be enough to make them see the LED light. Why should I care? The bigger picture: Lucky for some. Tesla will be thanking its pricey decision to deploy fast-charging stations across North America, while rivals left that to third-party companies. See, analysts reckon the Ford and GM deals alone could buoy Tesla’s revenue up $3 billion over the next few years. And while some pundits worry that Tesla’s charging stations could get backed up, the firm can always build more. Just spare a thought for companies that make their bread and butter from charging tech: ChargePoint Holdings and Evgo’s shares dropped after the news. For markets: Shh, whisper it. Investing guru Cathie Wood says Tesla’s self-driving and robotaxi tech makes the firm today's biggest AI play. Thing is, that excitement [might]( already be priced into the stock: Tesla’s up 130% this year, and its price-to-earnings ratio – a key valuation metric – is more than seven times higher than the likes of Ford, and even sits around 40% higher than AI darling Nvidia. So sure, Tesla might change the way the world drives, but it’s certainly not your under-the-radar secret trade. You might also like: [An off-the-beaten-path guide to finding AI investing ideas.]( Copy to share story: [/wheel-deal]( 🙋 [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 Wheel Deal&utm_campaign=daily-global-12-06-2023&utm_source=email) Analyst Take These Software Stocks Could Benefit Most From The AI Wave [These Software Stocks Could Benefit Most From The AI Wave]( [Photo of Stéphane Renevier] Stéphane Renevier, Analyst AI is set to shake up a lot of industries, and software’s going to be [one of the first]( to feel the rumbling. Of course, the sector’s companies won’t all benefit equally from [the coming tech revolution](. That’s why Bank of America’s developed a framework to help you pick [the most promising software stocks]( right now, including the ones a bit outside of the fray. That’s today’s Insight: [how to find the software stocks that are set to rise high on AI.]( [Read or listen to the Insight here]( SPONSORED BY IG The tips you need to know before trading stocks The more experienced a stock trader is, the better chance they have at sidestepping pitfalls. But there's a guide: if you’re keen to trade stocks, [IG’s guide]( outlines all the [tips and tricks]( you’ll need to know while you build up your position. For starters, you’ll need to [do hefty research on any stock]( you have your eye on, so you can [predict future movements]( and understand what’s behind any positive or negative news. Next, find out how many stocks are available, because that’ll determine their price. That’s [“the law of scarcity”](: the rarer shares are, the more folk are happy to pay for them. Then [trade small amounts as regularly as you can](, limiting the amount you put in, to minimize the impact of short-term fluctuations. Stay logical, and only go bigger when you’re more experienced. Check out IG’s guide, and [find out what else is behind trading success](. Disclaimer 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Crude Concessions [Crude Concessions] What’s going on here? The UK government [gave]( oil and gas companies a break – or at least, a chance at one – on Friday. What does this mean? The UK government introduced a “windfall tax” for oil and gas companies last year, a bid to cushion the roughly $30 billion it spent subsidizing household bills. After all, war in Europe had sent energy prices skyward – and while everyday folk suffered, energy firms cashed in. Naturally, the big-buck brigade protested the tax, which flew from 40% to 75%, claiming it made investing in the energy industry less appealing and turned banks off funding projects. And scared of job losses and the sector faltering, the UK’s now shaking hands: that tax rate will drop back to 40% if energy prices fall below their long-term average for two straight quarters. Why should I care? For markets: Empty promises, empty tanks. Oil and gas prices are almost back down to their pre-war levels, so you can hardly blame the sector for kicking up a fuss. But it might be kicking for a while: even the government’s own forecasts don’t expect that two-quarter fall to happen anytime soon, so it’s unlikely the tax cut will be triggered before 2028 – and that’s when the windfall tax is due to end anyway. Of course, plushy global demand might end up pulling prices below the cutoff, but if not, the British energy sector may stay running on empty. The bigger picture: Inside job. The UK can’t be too ballsy here. The country’s oil and gas production has tumbled 70% over the past two decades, and you can expect another similar drop before 2050. And while that might sound like a win for Mother Nature, it’ll only pan out in practice if there’s enough green energy to plug the gap. Otherwise, the UK will be stuck importing even dirtier fossil fuel from overseas, racking up a carbon footprint big enough to rival Bigfoot. You might also like: [Investing in the oil and gas industry in good times and bad.]( Copy to share story: [/crude-conscessions]( 🙋 [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=Crude Concessions&utm_campaign=daily-global-12-06-2023&utm_source=email) 💬 Quote of the day "If you want a guarantee, buy a toaster." – Clint Eastwood (an American actor and filmmaker) [Tweet this]( SPONSORED BY FENNEL No more gatekeeping: find the stocks leading world-changing innovation Savvy eco-friendly investors will want to assess a firm’s impact on the world before investing. And [Fennel]( is making the process totally transparent: you’ll be able to [dig into companies on the mobile investing app](, and uncover the impact – good or bad – that they might have on the world. No matter if you’re looking at a single stock, entire portfolio, watchlist, or exchange-traded fund (ETF), you’ll [unlock easy-to-digest ESG data]( as well as past and future shareholder votes. That means you can find out stats like a company’s [average carbon footprint]( or tidbits like a firm’s customer privacy policies, and use that to assess your overall portfolio. Hey, you might even [uncover the companies that look set to take over in the future](. So if you want to help the world and your wallet, you can discover the [power of conscious investing with Fennel]( for a flat $4.99 a month – you can even [get your first month free](. DisclaimerRisk of loss when Investing/Trading securities is substantial. Consider your investment objectives, financial situation, risk tolerance, and investment experience before transacting. Services offered by Fennel Financials LLC, member of FINRA and SIPC. Super empowered does not refer to app users gaining superpowers or other advantages with investing, we just feel we provide data on ESG, shareholder voting, and financial metrics that others don’t to assist Fennel users with making investment decisions. [Find Out More]( When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up Soon... All events in UK time. 🚀 [AI Investing: The Next Opportunity Beyond ChatGPT](: 5pm, June 13th 🤔 [What's Next For Crypto Investors](: 7pm, June 19th 🔥 [Co-Trading: A New Way To Beat The Market](: 5pm, June 26th 🙋‍♀️ [Finimize Ladies Investing Club](: 6.30pm, July 13th 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th 🎯 On Our Radar 1. Butter your popcorn. Here are the [best movies of the year]( so far. 2. Austin's best bars have a secret sign of approval. [Some guy called Doug]( is the city's hottest undercover reviewer. 3. Sunscreen's killing the Earth. If you want to hit the rays guilt-free, [these tips]( are your go-tos. 4. You're never too old to start again. [Divorce at 70]( can teach you the meaning of life. 5. Succession characters: ranked. [This one's]( the worst Roy. ❤️ Share with a friend Thanks for reading {NAME}. 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