To the f*cking moon

[The beef 675] [I'm an image] “Hate him or love him, the guy is filthy rich.” - Jason Hey there carnivores, Markets were down on Thursday thanks to renewed tension with China. And today we’re talking about Elon Musk’s payday Keep raging, Jeff & Jason [Image] [I'm an image] Mission Accomplished Elon Musk took his next step towards the stratosphere on Thursday, and we’re not talking space travel. Musk [hit the first]( of twelve performance-based milestones for Tesla. Don ‘Lon unlocked his first level by keeping the company’s market capitalization above $100B over a 30 day, and six-month trailing average. In addition to keeping the sky-high market cap, Musk was also tasked with maintaining a trailing-four-quarter revenue of $20 billion or an EBITDA of $1.5 billion. Luckily “not making insane Tweets” wasn’t part of the deal. So, what’d he get? Lonnie Spaceman received [1.7M shares]( of Tesla as his reward, worth $775M as of Thursday’s market close. Not a bad day at the office. Granted, Musk’s success in Q4 will be tough to keep up, considering its factories in California were closed down due to coronavirus. You mean to tell me that electric cars that act as a status symbol aren’t essential? Giving Back... If you’ve been following the Tesla story, you know that Elon Musk doesn’t take a salary from his EV conglomerate. What a nice guy! He does, however, hold more than 18% of the company worth $24B. Oh ok, so that’s why he doesn’t take a salary. But no good deed goes unpunished. One Tesla shareholder, Richard Tornetta, is challenging Musk’s performance-based incentives. Tornetta claims that Tesla’s board breached “fiduciary duty” to shareholders by lining Elon’s coffers., calling The Teflon Lon’s compensation “excessive.” Jealousy isn’t a pretty color on you, Dick. The bottom line... While Elon is riding high on Tesla’s performance, he’s got bigger (rocket sized, in fact) fish to fry. SpaceX was supposed to kick off a new era of private space travel on Wednesday, by launching two NASA astronauts into orbit. Unfortunately for SpaceX investors, and probably fortunately for the astronauts, the launch was delayed due to adverse weather. No worries though, they’ve rescheduled for Saturday. Not many people get to experience a failure to launch on such a grand scale. What a rush. [Image] [Alternate text]( Discover How Jason Bond Unchained Is The Next Level [Register Now]( [I'm an image] ☑️ Progress. Another 2.1M individuals [filed for unemployment]( last week. In total, over 40.8M people have claimed unemployment insurance in the ten week period since coronavirus was declared a pandemic. Is it just me or does it seem like a lot longer than that? But, on the plus side, that's 323k less than last week's 2.438M claims. And even better (if you can call it that), the number of continuing claims, which indicates people who have been collecting for over two weeks, is at 21.05M. This marks a 3.86M fall off from the previous week. So it appears that the reopening of economies has resulted in businesses rehiring workers. Socially distanced celebration toasts all around. ☑️ Correction. [Ackchyually]( it was 5%... US GDP dropped 5% in Q1 2020 due to ‘rona boi. [This is lower]( than the initial estimate of a 4.8% annualized loss and is the largest fall off since the economy posted an 8.4% decrease in Q4 2008. And if you think that’s bad, then buckle up. Some economists project that the lockdown and layoffs from ‘rona will shrink GDP by 40% on an annual rate in Q2. This would be the biggest quarterly decline since recording started back in 1947. ☑️ A billi. Now that economies are opening up, Cisco [went shopping on Thursday,]( buying software company ThousandEyes. While terms of the deal weren’t disclosed, it’s reported that the SF based tech company paid around $1B. More like BillionEyes… The deal pushes Cisco further into the cloud-based software space, which will allow it to work with companies trying to migrate away from physical in-house data centers. Sorry, Iron Mountain. Some of ThousandEye’s customers include Microsoft, Slack, Paypal, and Lyft. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. 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