Finimize - 🤝 Meet Warren Buffett's mentor

Hi Reader, here's what you need to know for April 22nd in 3:09 minutes.

🚀 Crypto coins are a dime a dozen these days, so it can be hard to decide which one to buy. Join Messari’s Mason Nystrom for How To Create A Winning Crypto Strategy on Monday, and find out how to work out what a crypto is really worth. Grab your ticket

Today's big stories

Tesla reported a record quarterly profit
Even Warren Buffett had a mentor, and he swore by three golden rules you’ll want to keep in mind – Read Now
American Airlines announced better-than-expected results

Foreseeable Future

What’s Going On Here?

Tesla posted a record quarterly profit earlier this week, to absolutely no one’s surprise.

What Does This Mean?

Tesla’s results were always going to be good after the EV maker announced a record-breaking quarter for deliveries earlier in the month. But they were better than just good: Tesla revealed that it made 87% more from EV sales last quarter than the same time last year. It earned more from each sale too, having upped its average sales price and cut its costs. That helped its profit grow an eye-watering 658% from the same time in 2021. And while Tesla admitted that the shutdown of its Chinese factory might cause problems, it also said its new factories in Berlin and Austin should still allow it to produce 1.5 million vehicles this year. That would beat its long-term year growth target of 50%, so no surprises here either: investors sent its stock up 6%.

Why Should I Care?

For markets: Credits where credits are due…
Tesla has another money-spinner in its back pocket: selling carbon credits to other carmakers. See, carmakers buy credits to offset their emissions if they’re not going to meet regulatory standards. But since Tesla produces so many more zero-emission vehicles than regulations require, it receives credits from some governments. It’s then able to sell them on, just as it did last quarter: credit sales brought in $679 million in extra revenue – more than twice as much as the quarter before.

Zooming out: Musk is boring.
If you think Musk is just focused on ruling the roads, you’re sorely mistaken: his tunneling startup Boring Co. – which aims to “solve traffic” by building transportation networks in deep underground tunnels – raised nearly $700 million in funding this week, valuing the company at around $6 billion (tweet this). Boring is planning to use the cash to boost hiring, develop new projects, and speed up development of its next-generation tunneling machines.

You might also like: Where are the biggest opportunities in the carmaking industry?

Copy to share story: https://www.finimize.com/wp/news/foreseeable-future/

🙋 Ask a question

Analyst Take

Three Golden Rules From Warren Buffett’s Market Mentor

Stéphane Renevier, Analyst

What’s Going On Here?

Everyone knows who Warren Buffett is.

He’s frequently referred to as the greatest investor of all time, and a touchpoint for investors the world over.

But even the Oracle of Omaha had to learn the ropes from someone, and that someone was Benjamin Graham – or the “father of value investing”.

And while Ben will have taught his protégé many, many different lessons, there are three particular pearls of wisdom that seem particularly pertinent to markets today.

So that’s today’s Insight: Ben’s three golden rules, and how you can use them in today’s markets.

Read or listen to the Insight here

Crypto, made clear and simple

There’s a lot to think about when you start your crypto journey, not least which coins to choose.

That’s why Dacxi decided to simplify the process: it’s made it easy to get to grips with crypto and build up the portfolio you’ve always wanted.

Just pick your favorite Dacxi bundle – like blue chip or precious metals – to stock up on some of the world’s top coins. But you’re not locked in: you can sell your coins individually too.

Then just sit back and enjoy your new portfolio. Well, unless you fancy using Dacxi’s educational tools to develop your skills, or feel like meeting fellow crypto fans in Dacxi’s community.

Discover how simple crypto can be with Dacxi.

Find Out More

The information provided in this article does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of this article’s content as such. You should carefully consider whether trading or holding Cryptocurrencies is suitable for you relative to your financial position. The price of cryptocurrency can go down as well as up and past performance is not a guide to future performance. Investors may not get back the full amount originally invested.

The information in this article is believed to be reliable. Dacxi has taken reasonable care to ensure the information stated is accurate. However, Dacxi makes no representation, guarantee or warranty that it is wholly accurate and complete. Do conduct your own due diligence and consult your financial adviser before making any investment decision.