[The beef 675]
[I'm an image]
âElon Musk is a marketing genius.â
- Jason, on the Tesla Cybertruck reveal
[Read The Beef Online - Click Here](
Hey there carnivores,
Markets rose on Friday but ended down on the week.
And today weâre talking Elonâs big reveal.
Keep raging,
Jeff & Jason
[Image]
[I'm an image]
Elon smash
Elon Musk [unveiled]( his new Blade Runner inspired âCybertruckâ on Friday to a group fanboys outside of Los Angeles. The truck, which has been compared to the Dark Knight era Batmobile, will start at $39.9k and can last 250 miles on a full charge. Batmobile rocket launcher not included. Dual and tri-motor options are available that will double that distance... but will increase the price to as much as $69.9k (nice).
Tesla is hoping to compete with the big boys in Detroit (read: Ford, GM) and capitalize on the more lucrative pickup truck market. Musk has posited that the world is ready for mass production of electric vehicles but investors arenât fully convinced that pickup drivers (pronounced: âMuricans) are going to get on board.
Production of the vehicle is currently scheduled for late 2021.
Truck, meet hitch
In true Musk fashion, the event wasn't [without hijinks](. According to Musk, the newest addition to the Tesla family has bulletproof windows, you know, because the streets of Silicon Valley are so dangerous.
To demonstrate the effectiveness of the windows, Teslaâs CTO threw a metal ball at the window⦠which promptly broke. After a meme-worthy âOh my f*cking Godâ from Musk, the CTO proceeded to smash another window on his second attempt.
For what it's worth, the team did show that the steel used in the frame is very strong by hitting it with a sledgehammer and not leaving a dent. So thereâs that.
The bottom line...
Elon never fails to generate interest. In fact, 146k orders for the truck have already [been placed]( according to Treelon. But, Tesla will have to put its money where its mouth is and (literally) deliver the goods.
Investors already have questions as to whether Tesla will have the capacity to produce the trucks on time as it already has had production delays on its electric semitrailer truck and Roadster sports car.
TSLA stock closed down 6% on Friday, equating to a $600M drop in Elonâs net worth.
Bottom line: âI canât wait until he calls his CTO a âpedo guy.ââ
[I'm an image]
Missy Elliot said it bestâ¦
âCause I donât want no one-minute man.â
Thatâs because she wanted a 5-minute man. As in, a dude who can make profitable trades in just 5-minutes per week. And the best part? Youâll be in and out of the trade in 5-days or less.
[Capitalize on âIn on Monday, out by Fridayâ trades with Kyle Dennisâ Fast Five strategy](
[I'm an image]
âï¸ Take your medicine. Novartis is [closing in]( on a deal to buy Medicines Co. for $85 per share, bringing the dealâs final price tag to somewhere between the $7B and $9B dollar range. Medicines Co. is the maker of a new cholesterol drug that reportedly can cut bad cholesterol in half over just 18-months. Diet and exercise work too, but letâs be real, thatâs no fun.
âï¸ Done deal? Not quite, but Donald Trump [says]( that a phase 1 trade deal with China is âpotentially very closeâ to being signed, sealed and delivered. That doesnât sound overly convincing, but letâs roll with it. China, on the other hand, said on Friday that it wants a deal based on âmutual respect and equality.â Not bad, considering China is still pretty unhappy over a recent bill supporting Hong Kongâs independence.
âï¸ Who to believe? Ray Dalio is [disputing a claim]( reported last week by the Wall Street Journal, that his Bridgewater Associates has a net bet banking on the fall of the stock market. Dalio, channeling our Commander in Chief, had this to say on the matter: âwrong.â It was reported that Bridgewater had more than $1B of put options on the S&P and Euro Stoxx 50 that expire by March 2020. Dalio blasted âsensationalistic headlinesâ and journalistic integrity. Hey Ray, at least [thatâs all](theyâre saying about you.
âï¸ Mad Men. WeWork laid out its 5-year plan on Friday. Likely, this one didnât include running out of cash and selling off massive chunks of the company. The first step? Handing the marketing reigns [over to]( former Publicis exec Maurice Levy. Levy, who turned Publicis into one of the largest advertising conglomerates in the world during his time as CEO, will step in as interim CMO for WeWork. The embattled office lessors also brought on two SoftBank executives, Ralf Wenzel as chief product officer and Mike Bucy as chief transformation officer. I hear Adam Neumann is still looking for a job, too.
âï¸ A horse in the race. Michael Bloomberg has made it official that [heâll be running]( as a Democratic candidate for president of the US in 2020. The former NY mayor plans to spend more than $34M on ads that will run through December 3rd. Bloomberg will self-fund his campaign, and says he wonât be accepting campaign contributions. Thatâs what they all say, Mike.
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