Charged up

[The beef 675] [I'm an image] “Honestly, I blame Robinhood traders for all of this. And a bunch of other stuff if we’re being honest.” - Jeff Hey there carnivores, The markets were down on Tuesday with the tech selloff continuing from last week. The Nasdaq is now in correction territory... Today we’re talking GM going all-in on EVs. Keep raging, Jeff & Jason [Image] [I'm an image] Ride or die "Elon Musk… but make him (relatively) poor." That’s probably the kindest way to describe Trevor Milton, the founder of Nikola Motors. Shares of Milton's battery and hydrogen-electric vehicle maker [skyrocketed 40%]( yesterday after it disclosed a large investment by General Motors. The US automaker paid $2B for 47.7M shares of Nikola stock at $41.93 a pop. Tesla...I mean...Nikola’s stock closed yesterday at $50.05. GM’s stock also rose on the day, closing up 7%. Because an EV that hasn’t even been produced yet is already better than the Chevy Bolt. Find the plug The deal is a huge win for both sides. Nikola founder and Exec Chairman Trevor Milton couldn’t be happier with the partnership. Seriously, just look at [his social media accounts](. GM agreeing to help develop and manufacture its Cybertruck killer is what a new entrant's wet dreams are made of. And GM’s cashing in on [a bet it made years ago]( to develop its own Ultium battery and build a multi-billion dollar fuel cell program. Its plan has always been to supply battery cells and other components to outside companies. And it'd probably be pretty f*cking awkward at board meetings if Nikola decided to use a different battery now... The bottom line... Elsewhere in EV land, $TSLA continues its fall from grace. The stock [fell 21%]( yesterday, its worst single-day drop ever. *Moment of silence for all of the 14-year old day traders whose net worth just fell from the mid-hundred to low-hundreds* Why? Well, the news of two competitors inking a deal to build out a legit semi-truck competitor certainly didn't help. Plus, early last week following Tesla's stock split institutional investors started taking some profits. Then, on Friday Elon’s pride and joy (sorry X Æ A-12) was denied entry to the S&P 500. The projected addition was a major contributor to the company's stock going from zero to sixty over the last few months. The Butabi brothers [feel your pain](, Elon. [Image] Join Jason Bond Live Today At 2 PM ET [Alternate text]( As He Reveals How To Find The One Trade Each Day To Profit From. [Reserve Your Spot Here]( [I'm an image] ☑️$SNOW is in the forecast. Snowflake is projected to go public later this year. During winter, how fitting. And it might be off to a hot start when it does IPO, as Berkshire Hathaway and Salesforce both announced investments in the data warehousing startup. Berkshire and Salesforce [each purchased $250M]( worth of stock, with Berkshire purchasing an additional 4.04M shares in a secondary transaction. This gives Snowflake a proposed valuation of $22.3B which is roughly $10B higher than its last fundraising round in February. ☑️Let’s get digital. Apple is holding a digital-only event on September 15. Notably missing in attendance (besides literally everybody) will be the new iPhone, as it’s expected that the new phone will be unveiled during an October release. So, who will be joining Tim Apple on stage? Likely the new Apple Watch Series 6 and the watchOS 7 software, which [will help track]( sleep patterns and detect blood-oxygen saturation. Presumably so it can better target MyPillow ads. It’s possible that the Apple One service, which combines gaming services, news, and music will also be revealed… and promptly bought by nobody. How many times do we have to tell you, Tim? Nobody. Wants. Apple. Arcade. ☑️The future is as dark as Oil. Oil prices fell to their lowest levels since June, as the US summer driving season comes to a close after the Labor Day holiday. West Texas Intermediate [dropped 7.6%]( to $36.76 a barrel, while Brent lost 5.3%, falling to $39.78. Prices are still positive, though. So, there’s that. To help deal with these woes, Saudi Arabia plans to cut oil production in October. It’s good to hear that they’re cutting up something besides journalists they dislike. ☑️Relief might be on the way… But don’t hold your breath (... unless of course you’re in public and forgot a mask). Cocaine Mitch McConnel indicated that the Senate [is planning to vote]( on a coronavirus stimulus package as soon as this week. He didn’t give many details, but mentioned that it would focus on health care, education, and the economy. I see what you did there, Mitch. Included in this proposal would be the restart of the $300 weekly unemployment stipend until the end of the year, $105B in funding for schools and $16B toward COVID testing. Also included in this proposal will be pushback from Democrats. 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. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication. If you no longer wish to receive our emails, click the link below: [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails](