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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?

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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

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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.

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Morning People

What’s Going On Here?

American Airlines announced better-than-expected results on Thursday, as the aviation industry finally wakes up to the brighter tomorrow it’s been waiting for.

What Does This Mean?

American Airlines has shaken off Omicron with aplomb, reporting that March was its first profitable month since last July, as well as the first month where revenue came in above pre-pandemic levels. Last quarter’s revenue, then, came in more than twice as high as it was the same time last year. This was partly down to the fact that business travel bookings – some of the company’s most profitable flights – hit their highest level since Covid arrived, while international travel demand had picked up considerably by the end of the quarter too. American Airlines is now predicting it’ll return to profit this quarter, which was all investors needed to hear: they initially sent its stock up 11%.

Why Should I Care?

For markets: Airline stocks are flying high.
American Airlines’ promising forecast isn’t a one-off: both United Airlines and Delta Air Lines have said in the past week that they’re expecting to return to profit this year. It’s an encouraging sign that the entire industry could finally be making a comeback after two years of restrictions and brushes with bankruptcy. That might be why an index tracking some of the worlds’ biggest airlines and plane manufacturers is up 15% in the past two weeks.

The bigger picture: Fail to prepare, prepare to fail.
Demand might finally be coming back, but there could be another bump in the runway in the form of blistering fuel costs. Case in point: American Airlines’ fuel costs were 65% higher last quarter than they were the year before. In fact, every 1 cent increase in price per gallon is estimated to increase its annual costs by $40 million. And while some airlines lock down the price of fuel months in advance, American Airlines – along with Delta and United – hasn’t, suggesting its profit could end up falling short.

You might also like: The highs and lows of investing in the airline industry.

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💬 Quote of the day

“In theory, there is no difference between theory and practice. But in practice, there is.”

– Yogi Berra (an American baseball player)

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🎯 On Our Radar

After the afterparty. Abandoned discos are having a moment.
Looking for stocks with real potential? One professional investor has handpicked five of them in his latest free report.*
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Olive oil and fortune cookies have one thing in common. That’s right: they can both get you high.
Polygamy is getting more mainstream. Surprisingly, traditionalists are not on board.

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🌎 Finimize Live

🎉 Coming Up This Week

🌍 2022 Macro And Fixed Income Opportunities: 1pm, April 22nd
🎙 Live Crypto Community Q&A: 5pm, April 22nd
💸 How To Create A Winning Crypto Strategy: 5pm, April 25th
💪 How To Invest In Profitable NFT Drops: 6pm, April 27th
🪐 Impact Investor’s Guide to Web3: 6pm, April 28th
🎙 Live Crypto Community Q&A: 5pm, April 29th

💪 And then after that…

💥 What Is ReFi Anyway?: 5pm, May 5th
🚀 How Space Is Changing The World: 5pm, May 9th
👉 What’s Next For Crypto Regulation?: 6pm, May 11th
🏡 How To Buy A Digital Condo: 12pm, May 18th
🚘 The Leaders Of The EV Revolution: 5pm, May 19th

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