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Showing posts from September, 2020

Tesla Battery Day is behind us. How to Trade TSLA Moving Forward

Today we discuss Tesla (TSLA) , a cutting-edge technology company, a carmaker, a solar tech company and battery developer. On September 22, Elon Musk, co-founded and CEO of Tesla, and his team hosted a Battery Day event, announcing massive innovations coming to Electric Vehicles (EV) and beyond. TSLA plans to cut battery costs by more than 50% as well as boost power per unit of weight. Cheaper, more energy-dense batteries can make battery-powered heavy-duty trucks more competitive with other alternative-fuel powertrains. “Some of the eye popping battery innovations coming out of Tesla ...looking to reduce battery costs well below the $100 [per kilowatt-hour] threshold, this potentially changes the game with further price parity on the EV front and throws a wrench in the [return on investment] story around hydrogen fuel cell vehicles over the long term.” In addition, California governor Newsom announced that he is seeking to phase out gasoline-powered vehicles by 2035. This wil

Trading stocks or gambling? Meet a company that does both (legally) and could soon be a real winner

Today we discuss DraftKings (DKNG) , a publicly traded company that operates daily fantasy sports contest and sports bettings. Shares of DKNG are up 9% after announcing that the NBA Hall of Fame Michael Jordan will be joining the company as a special advisor to the board of directors, effective immediately. “Michael Jordan is among the most important figures in sports and culture, who forever redefined the modern athlete and entrepreneur,” said Jason Robins, DraftKings co-founder and CEO. “The strategic counsel and business acumen Michael brings to our board is invaluable, and I am excited to have him join our team.” Michael Jordan has agreed to take an equity interest in DraftKings in exchange for providing guidance and strategic advice to the board of directors on key business initiatives, the company reported. Watch this video to get the technical insights. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. A