Today's Opening Belle is brought to you by our partners, Zenfinex, Equos and Utrust.
Looking for an FX broker? Zenfinex is your go to.
Looking for a crypto exchange? Give Equos a try (they've also just released an exchange token too, similar to BNB and FTT.
And want to incorporate crypto payments into your business? Definitely use Utrust.
We only work with partners we know, trust and have a strong product.
🔥 Hot and 🚫 Not
🔥 Tesla & Tech
Nasdaq leads the indices, & Tesla is up nearly 4% in pre-market, trading $680...
🚫 Cathie Wood's Ark expects Tesla stock to reach $3000 by 2025
You might think this doesn't belong in the 🚫 but you haven't read it...
- Tesla at $1,500 per share on a bear basis by 2025 and $4,000 per share on a bull basis
- Autonomous ride-hail revenue could be as much as $327 billion by 2025
- Electric vehicle revenue to reach between $234 billion and $367 billion by 2025
- Tesla’s insurance revenues could approach $23 billion annually
Read more about it here
The fantasy involved (in these figures) is simply spectacular...
Don't just take my word for it.
This guy says so too, and he's been kind enough to run the numbers...
Yes, Tesla are doing amazing things.
No, those statements are not even close to reasonable...
The Hyperinflation Hype
People are still asking us about hyperinflation.
Here's a thread on why we don't see it happening 👇
Headline from a CNBC article back in February.
Research firm IHS Markit anticipated that 672,000 fewer vehicles would be produced in the first quarter of 2021 due to the semiconductor shortage, including 250,000 units in the world’s largest vehicle market, China.
That was before a fire at Japan's Renesas plant...
“We are concerned that there will be a massive impact on chip supplies,” Hidetoshi Shibata, chief executive of Renesas, said at an online news conference on Sunday. “We will pursue every means possible to minimise the impact.”
About two-thirds of the affected production was automotive chips, Shibata said. If the facility remains offline for a month, he added, Renesas will lose about ¥17bn ($156m) in revenue.
Toyota, Honda & Nissan all closed lower on the news.
Toyota is one of Renesa's biggest clients and recently closed factory production in the Czech Republic for two weeks...
We want more questions!
Hit reply and send us in your market related questions.
No question is too dumb or too complex (OK some might be).
If we don't publish a piece, we WILL reply to you.
Share this article: