LINK: Tesla Starts Producing Its Model 3
The first Tesla Model 3 rolls off the production line!
It’s finally here! The first Tesla Model 3 rolled of the production line on July 9th, as Elon Musk tweeted a photo of the newly-built vehicle. According to a series of tweets, it was poised to be delivered to Ira Ehrenpreis, the first of four hundred thousand people to put down the $1000 pre-order deposit. As it turns out, Mr. Ehrenpreis was kind enough to let Musk have the first ever production vehicle.
The new Model 3 has a base price of $35’000, making it the most affordable Tesla to date.
Biohacking – the future of humanity and medicine.
We, humans, are more conscious about our bodies as we ever have been, the company HVMN, a provider of subscription-based cognitive supplements, is looking to cash in on this phenomenon by creating devices that passively track levels of glucose and other chemicals of our bodies. According to Michael Brandt, the co-founder of HVMN, one would have the ability to track how their body reacts to various daily activities, such as having a soda, in an unprecedented way.
As of late, de-centralized health data collection has been gaining traction, as Apple gives the users of the iPhone a chance to contribute to various health studies through the use of ResearchKit, a framework which sends data collected by hundreds of thousands of iPhones to researchers, who then use the data to make groundbreaking medical discoveries.
Just imagine how different, thanks to such decentralization of medical research, the medical field is going to look like in ten years.
LINK: ETF That Bets Against Traditional Retail
Soon, betting against the retail sector is going to be as easy as going long an ETF!
Reportedly, ProShares is coming out with three ETFs, the prices of which are going to be the inverse of an index of traditional retailers. By using derivatives, two of the ETFs will give investors two to three times the inverse returns of the underlying index.
These types of products are a result of the markets turning bearish on traditional retail stocks and flowing to more modern alternatives, such as Shopify and Amazon.
On a cautionary note, ETFs like these can signal that a given trade in overbought, or oversold…
Celebrities and bankruptcy – Twilight of the Idols.
Another star athlete files for bankruptcy – Livan Hernandez, a former baseball player, has reportedly filed for bankruptcy after not being able to payback roughly one million dollars to numerous creditors. It is important to mention that, throughout his career, Hernandez made around 48 million dollars.
Hernandez is not the first nor is he the last superstar to lose their wealth. If only they managed their assets at BlueOrange…
LINK: How Many Electric Cars Will It Take To Reduce The Demand For Oil
It seems that the fact that electric cars are the future of transportation has become common knowledge by now. One can’t help to wonder – How many electric vehicles would it take to replace 1 million barrels per day of oil demand? A writer, who goes by the name “Value Analyst” set out to find out. Their findings might surprise you.
We would note that in terms of manufacturing capacity and building battery factories, other car manufacturers have more existing facilities and cheaper costs of capital. Tesla has used convertible bonds to finance a portion of its debt, which can very dilutive to shareholders. It currently costs Daimler 1% to borrow in Euros…