The champ is here

[The beef 675] [I'm an image] “Has Toyota tried tweeting that its stock is overvalued?” - Jeff Hey there carnivores, Markets were mixed on Wednesday… but the Nasdaq set a new all time high. And today we’re talking Tesla taking Toyota’s crown. Keep raging, Jeff & Jason [Image] [I'm an image] I’m the captain now "Bah God, that's Elon's music..." Yesterday Tesla became the world’s most valuable automaker surpassing Toyota. Shares [rose 5% midday]( to $1,135, which gave the company a market valuation of $206.5B, eclipsing Toyota’s $202B... and prompted CNBC to run an article titled "Here's how rich you'd be if you bought TSLA stock in 2010." King of the castle It should be mentioned that Toyota can still pull rank given a few crucial details... Tesla, for one, has yet to turn an annual profit. Toyota, on the other hand, [had the highest profit]( of any car company last year, with a net income of $17.5B. And if we’re looking at an enterprise valuation, Toyota still holds the crown, as it’s $290B value with debt bests Tesla’s $252B. Lastly, and I’m sure this doesn’t matter much, Toyota's production numbers put Tesla's in a bodybag. Tesla [rolled 103k vehicles]( off the assembly line, er, [out of that big f*cking circus tent,]( in Q1 of this year, while Toyota produced 2.4M. The bottom line... $TSLA has risen 170% YTD, while every other car company on the planet has been having a worse time than VW during diesel-gate. Toyota's stock is down nearly 12% during 2020... which isn't bad considering Ford's fall from grace (-36% this year). So, what gives? Well, we already know that TSLA's stock price is driven largely by perceived upside (we see you, Robinhood traders). Hell, even Elon thinks it's overpriced. And just yesterday Elon [sent out a congratulatory email]( to his employees, leading everyone to believe that Tesla hit its Q2 delivery target of 72k vehicles. Earnings for the Model Y maker will be announced at the close of markets today. Plus big auto is taking its lumps during the year of our Lord 2020. Unit sales of GM (-34%), Toyota (-34.6%), and Fiat (-38.6%) in the US fell by more than 30% in Q2 [compared to the same period last year.]( Which isn't entirely surprising considering nobody is f*cking driving. Just ask oil companies... [Image] Former Professional Basketball Player Humiliates Wall Street Pros… By Hitting A 90% Win-Rate On His Trades In Q1 2020 All From Trading The Same Symbol Each and Every Day [Alternate text]( [Watch Now]( [I'm an image] ☑️ Yardsale. ICYMI, last week we told you about Wirecard (think: Enron, but make it German) filing for insolvency. And yesterday bankruptcy admins [started to sell off]( some of the fintech company’s assets as a way to raise some cash to pay down some of the €2.7B in debt outstanding. That escalated quickly... Meanwhile, as assets are being sold off, authorities in Germany and Singapore are investigating Wirecard and former CEO Markus Braun, and trying to figure out WTF happened to the missing $2B. Why is everyone so worried about that? Twelve local prosecutors and thirty-three officers searched three buildings in Munich and two in Vienna as part of the ongoing case… Spoiler: they didn't find an envelope labeled "stolen money." Have they done a full cavity search on Markus yet? ☑️ Do as I say... and as I do. - Saudi energy minister Salman, probably. Saudi Arabia threatened (go figure) to open up a can of whoop-ass if other countries didn’t fall in line with production cuts. [Angola and Nigeria were asked]( (nicely I’m sure) to submit detailed commitments to carry out the production cuts, or else the Kingdom will sell oil at a discount to undercut the two countries. Which is probably better than the alternative... Hopefully the parties get their sh*t together, as Angola is scheduled to be the OPEC leader next year as a part of the rotating presidency. Which is a nice title, but doesn’t mean much when you compare Saudi’s output of 12M barrels per day with Angola’s 1.7M. ☑️ Payday. June payrolls [continued increasing]( as 2.37M new jobs were added in the month according to ADP. Unfortunately, that is a bit lower than the 2.5M expected. Now it’s probably worth noting that ADP’s numbers aren’t exactly gospel... or whatever religious text floats your boat. That was never more evident than last month when ADP reported a loss of 2.5M but the US Labor Department reported a gain of 2.5M. You had one job... Needless to say, let’s wait until the US Labor Department gives us the official numbers before we get excited. ☑️ Hear ye, hear ye. Mark Zuckerberg [scheduled a town meeting]( with the civil rights groups that have asked advertisers to boycott his platform over the past few weeks. The NAACP, Anti-Defamation League, and Color of Change are all on the guest list. The organizations are not the only ones who have taken issue with Facebook lately as big-name companies have put their money where their mouth is and taken advertising content (and dollars) off the social media network. If Zuck’s smoking meats video is any indication, this meeting is going to be more awkward than Mark losing his virginity. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. 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