Finimize - 🚙 Tesla takes a hit

Tesla delivered fewer cars than expected | Reports said OPEC+ might cut oil production |

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Today's big stories

  1. Tesla delivered fewer cars than expected last quarter
  2. Our survey showed Finimizers are feeling pretty nervous about markets – Read Now
  3. Reports claimed OPEC+ might cut oil production

Signed, Sealed, Not Delivered

Signed, Sealed, Not Delivered

What’s Going On Here?

Tesla announced over the weekend that it delivered fewer cars than analysts expected last quarter.

What Does This Mean?

The ongoing soap opera of Elon Musk’s Twitter takeover has been so engrossing that you might have forgotten about Tesla, so let’s get you up to speed: the firm just announced the number of cars it delivered last quarter – a hotly anticipated figure that underpins the carmaker’s financial results. The good news is that the firm delivered a record 344,000 cars, up 42% on the same time last year (tweet this). But the bad news is that all-time high still underwhelmed demanding analysts, and also came in well below the 366,000 cars Tesla produced. That gap comes down to logistical problems that are making it hard for the company to actually get cars onto customers’ driveways.

Why Should I Care?

Zooming in: Put the pedal to the metal.
Logistical issues aren’t the only ones Tesla’s contending with right now. The price of lithium – the key metal in EV batteries – jumped to a record high last week, and a pound of the stuff now costs roughly three times what it did a year ago, and a whole ten times more than back in July 2020. Those higher prices have put battery and EV manufacturers in an awkward position: either they swallow the costs and watch their profit margins shrink, or jack up prices and risk losing customers.

The bigger picture: Promising policy.
Tesla might actually get away with hiking prices in the US – its biggest market – thanks to the recently signed Inflation Reduction Act. The package extends measures offering tax credits worth $7,500 to consumers buying new EVs. And while that's not totally new, the tax credit previously had a 200,000-car limit that meant customers of EV giants like Tesla – which had sold more cars than that in the US – were no longer eligible. But now that cap’s out the window, Tesla can count on a tidy increase in demand.

You might also like: How to value Tesla.

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Analyst Take

Spooky Season Started Early

Spooky Season Started Early

By Daniel Johnston, Analyst

There’s still a while to wait before Halloween – don’t let Starbucks’ pumpkin spice promos fool you.

But it looks like you guys are getting the seasonal scaries a bit early: the results of our latest Casual Investor Survey show you’re properly spooked by the state of the economy and markets.

But if you’re willing to put your bravest foot forward, there are still some treats to be found among the tricks.

That’s today’s Insight: why Finimizers are spooked by markets, and how you might be able to dodge the ghouls haunting them.

Read or listen to the Insight here

Your brand could represent the new investing era

The second Finimize Modern Investor Summit will celebrate the new era of investing.

So if your brand or product is helping to create the next generation of investing opportunities, our summit is the ideal place to showcase your potential.

Feature your product during speaker slots, fireside chats, and expert Q&A panels, and you’ll be able to directly engage with an engaged audience and demonstrate your brand’s true power.

Thousands of retail investors attended the Modern Investor Summit last year, so don’t miss your chance to get your product in front of our community this December.

Put your brand in the spotlight.

Find Out More

OPEC+ Tightens The Taps

OPEC+ Tightens The Taps

What’s Going On Here?

Reports out over the weekend suggest OPEC+, a group of oil-producing nations, is considering cutting oil production.

What Does This Mean?

OPEC+ has been steadily increasing oil supply over the past two years, after slashing production in the dark days of Covid-19. But with the global economy cooling down, so-called “black gold” has lost its luster, and prices have seen a 25% drop in the past three months. That’s bad news for the group, especially since many members – like Saudi Arabia and Russia – rely on oil revenues to cover government spending. It’s no wonder, then, that when the group meets on Wednesday, cutting production by over a million barrels per day come November could be up for discussion. That drop – about 1% of global oil supply – would mark the biggest cut in production since the pandemic.

Why Should I Care?

For markets: The worst is yet to come.
All else being equal, lower supply will mean more competition for oil, so it’s no surprise that Brent crude – a key oil benchmark – jumped 4% on Monday. But prices might just be beginning their upward climb. See, western sanctions on Russian oil exports are due to tighten later this year, which could further hit supply. That might be why Goldman Sachs thinks Brent crude will hit $100 a barrel over the next three months and climb to $105 in the space of six – a far cry from the current $89 asking price.

The bigger picture: This won’t pour oil on troubled waters.
With energy prices already adding fuel to the fire of global inflation, this is the last thing many countries will want to hear – including the US. There, the government’s been trying to lower fuel prices ahead of next month’s crucial midterm elections. And it’s not about to take reduced oil production lying down: some US politicians have suggested that if the plan does go ahead, the US should cut supply of airplane parts to Saudi in retaliation.

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💬 Quote of the day

“Age does not protect you from love. But love, to some extent, protects you from age.”

– Jeanne Moreau (a French actress, singer, screenwriter, and director)
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🌍 Finimize Live

🥳 Coming Up This Week

All events in UK time.

🕵️‍♀️ How The Pros Navigate Stock Market Volatility: 5pm, October 6th

👀 And After That…

🏡 The Pathway To Property Investing In 2022: 12pm, October 11th
📈 How To Invest Like Warren Buffett: 6pm, October 12th
🙋‍♀️ Ladies Investing Club Meetup: 6.30pm, October 12th (in-person)
🧑‍💻 Why a Digital Asset Should Be Your Next Investment: 1pm, October 14th
💸 How To Understand The True Value Of Crypto: 6pm, October 17th
💻 How To Invest In Tech Stocks During A Recession: 5pm, October 18th
💪 Three Metrics You Should Know Before Investing: 1pm, October 19th
🎧 How To Invest In Music NFTs: 6pm, October 24th
🔥 How To Secure Your Financial Future Before 40: 5pm, October 26th
🏆 How To Spot Investment Opportunities In Gold: 12pm, October 27th
🤑 Asset Allocation For Young Investors: 5pm, November 2nd
🚀 Modern Investor Summit: 12pm, December 6th-7th

🎯 On Our Radar

  1. “Funny but sad”. Discover the world of Martin McDonagh’s latest film.
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  3. Behind the mudfest. Find out why Balenciaga’s models strutted in muck at the weekend.
  4. Agreeing to disagree. Arguing well doesn’t always mean winning.
  5. Adrenal fatigue. Apparently, this illness is a myth.
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