[The beef 675]
[I'm an image]
"I always believed in Tesla, even when Elon Musk seemed out of his mind" - Ron Barron, now that his TSLA holdings are in the black (probably)
[Read The Beef Online - Click Here](
Hey there carnivores,
The markets are back on the rise after a monster day on Tuesday.
Today weâre talking why youâre day wasnât as good as Elonâs.
Keep raging,
Jeff & Jason
[Image]
[I'm an image]
Get in loser, we're going to the moon
Itâs safe to say Elon Musk had a better Tuesday than you. In case you live under a rock, Tesla shares hit $900 for the first time ever, which is impressive in and of itself. Even more impressive? The rise marks a 60% increase in the stock price over the last six days.
If youâre keeping track at home (read: a Tesla shareholder) then you might have noticed that this recent jump now brings Teslaâs stock rise to 112% on the year, and 220% over the last six months, the type of rise that even Willyâs Wonkavator couldnât fathom, and that thing flew through the g*d damn roof.
More where that came from
Investors who stuck it out when the going got tough, like, ya know, when Elon got sued by the FTC and smoked a J with Joe Rogan, must be thrilled with the results, but Elon is the happiest of them all.
As it stands, Musk [could hit a $50B payout]( if he hits the twelve growth goals laid out by the company including revenue and market growth. And to think, all you got for beating Super Mario World was neighborhood bragging rights. It took 22 months for Tesla to hit the first goal (breaking $1B market cap), while level two took Musk and Co. just two weeks.
Many think this is just the beginning for Moon Man Musk. Billionaire investor Ron Barron, in flawless teacherâs pet fashion, said he thinks Tesla could hit â[at least](â the $1T revenue mark within the next decade. What a suck up.
Haters gonna hate
Some analysts arenât as excited as ol' Ronny Boy. Many are comparing Teslaâs meteoric rise to bubbles of the past, a la bitcoin. Some have even gone so far as to say the stock will get â[clobbered](â in the not so distant future when the bubble finally bursts.
The bottom lineâ¦
Considering it took Tesla as long as it did to finally get its Model 3 on the road, the rise in share price over the last year has been nothing short of amazing. If the company can get its Cybertruck to market, without the windows being blown out by a little league foul ball, thereâs no telling how long Teslaâs rise could continue.
On the other hand, if shares do tank like some are predicting, be sure to check on your Tesla investor friends, and pay back Ron Barron any of his Tesla billions he might have let you borrow.
[I'm an image]
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[I'm an image]
âï¸ Oh, snap. While pretty much every other company crushed analyst's predictions [SNAP missed revenue]( estimates, sending the stock crashing. The Snapchat ownerâs revenue came in at $561M, compared to an estimated $563M, which doesnât seem like much. Unfortunately, for SNAP shareholders only, it was enough to send the stock down 10% after hours.
CEO Evan Spiegel doesnât appear too worried, as the disappearing messaging social platform grew its revenue 44% from the same time last year. Earnings per share were at 3 cents, compared to estimates of 1 cent, and most importantly, daily active users climbed to 218M.
âï¸Brick by brick. Macy's announced [another 125 store closures]( while cutting 2k jobs, as it goes through a $480M restructuring. The Amazon effect is real! According to a meeting with investors yesterday, the âworldâs largest storeâ is shrinking to grow which is the same thing George Costanza taught us about cold pools. Even with this new strategy, the three-year forecast doesnât look great.
The reduction in stores led the retailer to estimate a $23.2B to $23.9B sales target for Fiscal 2022, with a key metric, same-store sales, expected to drop 1%. You can't imagine Macy's going under, but at the same time...you absolutely can.
âï¸The best part of waking up. Wendy's is [launching a new breakfast menu]( on March 2, joining Mickey D's and other chains in the race to clog your arteries. Dave Thomasâ former company will add menu items like the Frosty-ccino, Honey Butter Chicken Biscuit, and the Breakfast Baconator to win over customers.
Despite a slow down in fast food sales, breakfast options are apparently the one thing Americans donât have time to make for themselves. As your local barista probably knows the morning routine is hard to break. Wendyâs expects breakfast provides a 10% boost in sales.
âï¸Fools Gold. A GS exec responsible for the 1MDB scandal [has been banned from banking](. Andrea Vella joins a laundry list of degenerates like John Stumpf (and other Wells Fargo brass) in the sin bin. Although itâs not a legal ruling, the Federal Reserve is the governing body when it comes to these types of decisions.
Vellaâs former coworkers may not be so lucky. The US Justice Department has already charged Tim Leissner for his involvement in the bond fraud, with Leissner pleading guilty. And donât forget, Goldman could be on the hook for a $2B fine from the DOJ when this is all said and done.
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