🔧 Tesla builds a money-making machine

Didi gets fitter, happier, more productive | Tesla bros get overexcited |
Finimize

Hi Reader, here's what you need to know for June 14th in 3:07 minutes.

💰 Decentralized finance, or DeFi, has theoretically limitless potential, but that also makes it kind of hard to pin down. Not any more: join Ledger’s head of client success for The Evolution of DeFi on June 14th, and find out everything you need to know about the DeFi ecosystem. Get your free ticket

Today's big stories

  1. Chinese ride-hailing giant Didi announced it’d be listing on the stock market via an initial public offering
  2. One corner of the commercial real estate market has emerged stronger than ever, even if offices are at a dead end – Read Now
  3. Tesla just showed off a new car that could add billions of dollars to the electric vehicle maker’s sales

Robocar Trouble

Robocar Trouble

What’s Going On Here?

Didi filed to list on the stock market in an initial public offering (IPO) that could value the Chinese ride-hailing giant at $100 billion, and we, for one, welcome our automated overlords.

What Does This Mean?

Didi – which beat out Uber to claim ride-hailing dominance in China – emerged from the pandemic with a spring in its step: the company reportedly made $6.4 billion in revenue and $800 million in profit last quarter. That’s encouraged it to bring its IPO forward, in hopes of stepping up its push to make robotaxis a reality.

According to Bloomberg, the IPO could value Didi at between $70 and $100 billion – up from the $62 billion it fetched in a private funding round last year (tweet this). That’d be a huge windfall for SoftBank, Tencent, and, yep, Uber, which collectively own more than 40% of the company.

Why Should I Care?

For markets: Ride-hailing comes a full circle.
Uber owns 13% of Didi after having sold its Chinese ride-hailing business to the company in 2016. But of the two, Didi might be better value. It made almost $22 billion in revenue last year and a $1.6 billion loss, and even the highest mooted IPO valuation would only represent around 5x last year’s sales. Compare that to Uber, which is trading at around 8x last year’s sales even after losing almost four times as much money as Didi.

The bigger picture: The best is yet to come.
Didi’s won’t be the only barnstorming IPO this year: trading platform Robinhood – which has been riding the wave of meme stocks and stimulus check-boosted bank balances – is rumored to be targeting a $40 billion valuation in its own summer debut. In fact, it’s expected to be a blockbuster season overall: some analysts are estimating that US-listed IPOs could raise upward of $40 billion from June to August – a figure that’d eclipse last year’s record-setting $32 billion for the same period.

Copy to share story: https://www.finimize.com/wp/news/robocar-trouble/

🙋 Ask a question

2. Analyst Take

There’s One Real Estate Avenue Left To Explore

What’s Going On Here?

Commercial real estate has had a rough time of it in the last year.

Offices have been left empty as working from home became the new normal, and companies aren’t going to shell out for workspaces like they used to.

Shops, restaurants, and bars, meanwhile, have been hit hard by the lack of footfall, and there are more than a few vacant shop fronts on Main Street these days.

But the pandemic is proving to be a boon for one under-the-radar corner of the real estate market – one that’s seen growing demand and plenty of investment.

So that’s today’s Insight: why this corner of commercial real estate is going from strength to strength, and how you can get invested.

Read or listen to the Insight here

SPONSORED BY LEDGER

Buy your crypto the safe way

The world of crypto can be tricky to navigate, especially in the beginning.

When it comes to buying coins, you have so many options – and some of them can be risky.

That’s why Ledger has set up a way to do it that’s secure and straightforward. In a few simple steps, your new crypto will be safely in your hands – not left on an exchange somewhere.

See, when you buy crypto with Ledger, it automatically goes straight to your hardware wallet. That means that you – and only you – are in control of it, from beginning to end.

Just because crypto is unregulated, doesn’t mean it can’t be safe. Use the code FINIMIZE20L to save 20% on the Ledger Nano S and secure your crypto with Ledger.

Get Started

Premature Acceleration

Premature Acceleration

What’s Going On Here?

Tesla showed off its latest car – the Model S Plaid – at a flashy event late last week, and it’s fast. Really fast. Like, this has never happened to Tesla. Honest.

What Does This Mean?

Investors have known about the Model S Plaid for a while, but this was a chance for Tesla to really show off its performance. And it was worth showing off: the car can go from nought to 60 in under two seconds – faster than modern F1 cars – and has an estimated range of 390 miles. And since that pushes electric vehicle performance even further forward, Tesla’s innovations should bring the rest of the industry along for the ride.

Why Should I Care?

For markets: Tesla’s back, baby.
Tesla sells far more of its cheaper models than its expensive ones, but the latter make a big difference to the company’s profitability. That might be why Tesla announced it’d be upping the Model S Plaid’s mooted $120,000 price tag by $10,000. And considering it’s expecting to sell 1,000 a week next quarter, that translates to an annualized revenue rate – that is, if you applied the data across a whole year – of almost $7 billion. That’s especially significant when you remember that Tesla’s forecasted revenue for the year is $50 billion, and it could help reverse its stock’s bad run of form: it’s underperformed US stocks by 25% in 2021.

Zooming out: Bitcoin can’t catch a break.
Tesla recently dealt bitcoin a blow by announcing it’d no longer accept it as payment, and the OG cryptocurrency suffered another setback late last week: an influential regulator proposed classifying bitcoin as the riskiest of assets for banks to hold. The good news is that the proposal acknowledges banks can hold bitcoin, but the bad news is that it’d force them to have a potentially prohibitive amount of cash as backup: one dollar for every dollar’s worth of bitcoin.

Copy to share story: https://www.finimize.com/wp/news/premature-acceleration/

🙋 Ask a question

💬 Quote of the day

“Instant gratification takes too long.”

– Carrie Fisher (an American actress and writer)
Tweet this

SPONSORED THE BIG EXCHANGE

What does your money say about you?

Money speaks louder than words, for better and for worse.

But with The Big Exchange, you can rest easy knowing your money’s saying all the right things.

Working with some of the biggest names in sustainable investing, The Big Exchange only offers funds that are making a proven positive contribution to people and the planet.

And with an independent methodology that screens and rates funds based on their impact, you can be confident that your voice is being heard.

Add in platform and fund fees you won’t find cheaper anywhere else, and the world will have to sit up and listen.

Get Started Today

Disclaimer: Capital at risk

When you support our sponsors, you support us. Thanks for that.

🌎 Finimize Live

😏 Oh, you haven’t heard Last Nite?

Sure, alternative investments sound like they’re that annoying kid at school who told you how they’d seen The Strokes, like, five times before they were cool. But don’t be fooled: they’re actually a great way to bolster your portfolio, and you can find out all about them at our How To Diversify Beyond Stocks And Bonds event.

💰 How To Get Yield From Crypto: 12pm NYC time, June 14th
💡 How To Build A Robust Portfolio: 5pm UK time, June 15th
💵 How To Bet On The Rise Of Open Banking Payments: 1pm UK time, June 16th
🚀 How To Diversify Beyond Stocks And Bonds: 6pm UK Time, June 22nd
🤑 How To Earn A Passive Income From Crypto: 12pm NYC time, June 24th
🌿 Why Now’s The Time To Invest In Cannabis: 6pm UK time, June 28th
🍔 How To Make Money Going Meat Free: 6pm UK time, June 29th
💄 How To Give Your Portfolio A Beauty Makeover: 6pm UK time, June 30th

🎯 On Our Radar

  1. Does life go on after 40? The importance of a good mid-life crisis.
  2. Credit or debit? A look at who really foots the bill for credit card rewards.
  3. The meeting that changed everything. How Keeping Up With the Kardashians was born.
  4. It’s nothing to do with sandwiches. The $113 million New Jersey deli valuation, explained.
  5. What makes a hit? Ask TikTok: the platform packs a serious punch.
❤️ Share with a friendYour Referrals: 0

Thanks for reading Reader. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag.

Share your unique link:

https://finimize.com/invite/?kid=177ZWC

You stay classy, Reader 😉

We’d love to hear your thoughts. Give feedback

Want to advertise with us too? Get in touch

Image Credits:

Image credits: Shutterstock | Shutterstock

Preferences:

Update your email or change preferences

View in browser

Unsubscribe from all Finimize Emails

😴

Crafted by Finimize Ltd. | Third Floor, 1 New Fetter Lane, London, EC4A 1AN, UK.

All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021

View Online

Older messages

🤷‍♂️ What's going on with meme stocks?

Thursday, June 10, 2021

Less lulz, more wtf | Sleep tight, don't let inflation bite | TOGETHER WITH Hi Reader, here's what you need to know for June 11th in 3:07 minutes. 💰 Decentralized finance, or DeFi, has

😍 Hedge funds' new favorite stock

Wednesday, June 9, 2021

Inflation goes global | Inditex mixes and matches | TOGETHER WITH Hi Reader, here's what you need to know for June 10th in 3:12 minutes. 🐦 Join us live on Twitter Spaces at 6pm UK time / 1pm NY

🤐 ETFs are overrated

Tuesday, June 8, 2021

The vapes of wrath | The stock pickers of wrath | TOGETHER WITH Hi Reader, here's what you need to know for June 9th in 3:03 minutes. 🚽 Grocery stores have done well out of the pandemic, and not

🍀 Big Tech's luck runs out

Monday, June 7, 2021

You don't get to 2.9 billion friends without making a few enemies | Janet chimes in | TOGETHER WITH Hi Reader, here's what you need to know for June 8th in 3:11 minutes. 💯 When you're an

💵 How Bill Ackman spends 4 billion dollars

Sunday, June 6, 2021

Two rough months on the trot | Bill SPACman | TOGETHER WITH Hi Reader, here's what you need to know for June 7th in 3:06 minutes. 🏡 How green is your house? That's the question we're asking

Is India getting its own digital currency?

Wednesday, July 28, 2021

Finshots Is India getting its own digital currency? A few days back we began hearing whispers about a central bank digital currency (CBDC) and how the RBI is working on it as we speak. So in

Back-to-School Shopping Will Be More Expensive This Year

Wednesday, July 28, 2021

Shoppers should expect shortages and higher prices on computers and other school supplies. July 27, 2021 SHOPPING Back-to-School Shopping Will Be More Expensive This Year Shoppers should expect

Going backwards

Tuesday, July 27, 2021

Bloomberg It was a wrenching first hearing before the special Congressional panel investigating the deadly Jan. 6 insurrection. On that day almost seven months ago, when Congress was formalizing the

🎉 Apple, Alphabet, Microsoft: boom

Tuesday, July 27, 2021

Microsoft has requested permission to smash it | Please eject Apple before fist-pumping vigorously | Finimize Hi Reader, here's what you need to know for July 28th in 3:10 minutes. 🧐 The 1% have

Opinionated: Better Money Storylines Anyone?

Tuesday, July 27, 2021

Plus, retirement dreams and leveling up your career game. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Will Robinhood Start Offering Retirement Accounts?

Tuesday, July 27, 2021

7 Things That Are Getting More Expensive July 27, 2021 Every young generation rejects the practices of those that came before. It's a tale as old as time — or at least as old as baby boomers not

[New post] Slow recoveries, endogenous growth and macroprudential policy

Tuesday, July 27, 2021

BankUnderground posted: " Dario Bonciani, David Gauthier and Derrick Kanngiesser Following the global financial crisis in 2008, central banks around the world introduced tighter banking

Why cigarette companies want you to quit smoking

Tuesday, July 27, 2021

Finshots Why cigarette companies want you to quit smoking In today's Finshots we talk about why Philip Morris wants to stop selling cigarettes Business The Story Jacek Olczak, the CEO of Philip

Bitcoin Prices Soar on Speculation Amazon Will Soon Accept Cryptocurrencies as Payment

Tuesday, July 27, 2021

A job posting offers a tantalizing clue. July 26, 2021 EVERYDAY MONEY Bitcoin Prices Soar on Speculation Amazon Will Soon Accept Cryptocurrencies as Payment A job posting offers a tantalizing clue.

China wipeout

Monday, July 26, 2021

Bloomberg Beijing's intensifying crackdown on its own technology sector is being felt across global markets, erasing $769 billion in value from US-listed Chinese stocks in just five months. On