F*ckin Elon

[The beef 675] [I'm an image] “I can’t tell if he’s just a genius or an actual psychopath.” - Jeff Hey there carnivores, Markets were mixed on Monday as businesses start to ease open. And today we’re talking Elon doing Elon things. Keep raging, Jeff & Jason [Image] [I'm an image] Rebel with a cause You can’t stop Elon, you can only hope to contain him. Tesla’s leader [resumed production]( at its Fremont factory Monday, despite a stay-at-home order (and manufacturing moratorium) handed down by Alameda County (CA). Musk tweeted about the re-opening after the market closed but it didn’t impact after-hours trading. The move comes just days after Musk tweeted that he would take his factory and go home (in this case Texas or Nevada) if the County and/or Governor did not allow Tesla to go back to work. You might remember that Grimes' baby daddy [filed a lawsuit]( over the weekend against the County. Lonnie EV has been trying to argue that Tesla performs an essential function for the state of California as it is the only car manufacturer that exists in the Golden State. Blame game The move put Alameda County in a tight spot. Although it did issue a statement saying it was working with Tesla to form a plan and would support its efforts for Minimum Basic Operations. So there's that. What does the Governator have to say about all of this? Well, Gov. Newsom found out about Tesla reopening as he prepared [for his daily coronavirus presser](. Seems like the two have an open line of communication. And if that’s not bad enough, Treasury Secretary Mnuchin has [come out in support]( of Elon getting back to business. The bottom line... It’s Elon’s world, and we are just living in it. The funny thing about the veiled threats to move Tesla out of California is that Elon personally would [stand to save millions by moving to Texas or Nevada]( where there is no income tax. That is, of course, if he gave a damn about "[belongings](". However, the cost of picking up the whole company and moving production would likely kill the momentum Tesla has built over the last year. And lord knows it took them long enough to build it… [Image] An Unfair Advantage? [Alternate text]( Join Kyle Dennis on May 14 at 8:30 PM—LIVE When He Reveals For The First Time His #1 Tool For Catching Explosive Options [Register Now]( [I'm an image] ☑️Payback time. George Soros is officially [getting into gambling](, taking a $66M stake in DraftKings. Soros’ Quantum Partners purchased 2.7M Class A shares of the company, as part of a deal under which Quantum helped take DraftKings public in April. Since going public via a reverse merger, DK shares have risen 58%. Since coronavirus hit its stride, Quantum’s also taken stake in Peloton. Since investing in Peloton, the company’s shares have spiked 58%, bringing the value of Quantum’s stake to $117M. ☑️Back from the brink. Boeing is getting back to work on its doomed 737 Max model, which has been grounded globally since last March (not the March that wouldn’t end, we’re talking 2019). According to CEO Dave Calhoun, the company will [resume production]( this month, and the “planes are looking great.” I mean, who would get on a plane with a history of dropping out of the sky if the CEO said it was “looking ok?" According to Calhoun, production will happen slowly, as coronavirus has crippled US air travel. Traffic has decreased nearly 90% vs. the same period last year. In fact, the production will happen so slowly that it could take up to three years for Boeing to reach the output numbers it was doing in 2019. ☑️Cutting back. MbS and the Saudi’s are reigning it in, vowing to [cut oil production]( by another 1M barrels per day starting in June. Saudi Arabia’s Energy Minister said the move comes as a signal to “encourage” its allies to cut production as well. And you know what happens if you ignore MbS’ “encouragements.” The message has been received, at least in the Middle East. UAE and Kuwait have both already agreed to cuts, also starting in June. They’ll be cutting production by 100k barrels per day, and 80k barrels per day, respectively. Vlad and the Kremlin haven't agreed to cuts, but they haven't said 'no' either... yet... ☑️In theaters near you. Despite having all 1k of its locations closed since the beginning of the coronavirus outbreak, AMC saw its shares climb as much as [35%]( on Monday. The surge came after rumors began to swirl that Jeff Bezos was sniffing around, potentially looking to buy the struggling theater chain. The Bezos Touch is real. As of March 31st, AMC was down to just $300M in cash on hand, and it had borrowed on two different credit lines. AMC must have learned money management from an entry-level media buyer living in Manhattan. 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