The Cost of Doing Business

"NICE!" - Jeff, after Elon Musk tweeted TSLA's stock price at $420.69     Read The Beef Online - Click Here Hey there carnivores, Markets were largely unmoved on a shortened trading day on Tuesday… Well, except for TSLA. More on that later.   Keep raging, Jeff & Jason Life imitates art Tesla stock hit a record high of $420 on Monday, closing at $422.01. If you recall, just 16 months ago, Musk sent his infamous "funding secured" tweet, saying that he could take Tesla private at $420 per share. That tweet got Musk into a bit of trouble with the SEC (Shortseller Enrichment Commission), who apparently doesn't like CEOs/stakeholders actively influencing public stock prices. 420 blaze it Musk, who has had his fair share of run-ins with the devil's lettuce (thanks Joe Rogan), couldn't help himself upon hearing the news. Musk tweeted "Whoa… the stock is so high lol,"... and was presumably retweeted by Adam Neumann. Shortly after, Musk tweeted a photo of Tesla's stock price at $420.69. NICE.  A roller coaster year On the year, Tesla stock is up more than 27%, which is pretty impressive considering in Q1 the company lost more than $700M. By Q3, the firm had climbed back into the black. See what happens when you steer clear of the SEC Naughty List? The bottom line… Tesla isn't in the clear yet. While Musk and Co. are still trying to figure out how it's "bulletproof" Cybertruck windows cracked under the pressure of a live studio audience, it's facing stiffer competition... Electric truck startup, Rivian, announced on Monday that it had raised another $1.3B in a round led by T. Rowe Price that included Amazon who has already placed an order for 100k of Rivian's delivery vans. This latest round brings Rivian's total capital raised to $2.85B. It's worth noting that Tesla raised more than $20B to get vehicles on the road. TSLA's climb continued during a shortened trading session on Tuesday, closing at $425.25. Happy holidaze... It's the most wonderful time of the year… you're probably not working, have no idea what day it is and have consumed your body weight in cookies. Welp, here's something that won't be a complete waste of your time (and will get you away from your insufferable family… Check out Jason's Smoke Signals replay… and learn not only to make money off of stocks that are plummeting but how to spot their decline before the rest of the market... WATCH NOW ☑️ Pump the brakes. BMW is under investigation by the SEC to determine whether the German automaker performed a technique called sales punching to misstate its reported sales figures. The practice involves dealers recording cars as sold when they are still on the lot. Some people might just call that fraud but to each their own. This isn't the first time a car company is being called out for inflating numbers. Fiat Chrysler settled with the SEC in September for $40M after falsifying numbers all the way back to 2013. ☑️ Put it in the books. DraftKings is going public next year after the company announced plans to combine with Diamond Eagle Acquisition Corp. and SBTech resulting in a company that will capitalize on the degenerates of society to the tune of an estimated $3.3B market value. Diamond Eagle Acquisition Corp. is what's known as a "blank check company." It was already trading on the Nasdaq with plans of making an acquisition. The merger will take place at the beginning of the year. It's no surprise that DraftKing's is upping the ante following the Supreme Court's ruling that states could greenlight sports betting. Big-name investors like Wellington Management and Franklin Templeton have already agreed to invest $304M in a class of shares of the company stock. Save some for the rest of us!  ☑️ Deuces. Travis Kalanick, the founder of Uber, knows better than to go down with a sinking ship. Over the last two months, T-Kal sold $2.7B worth of company shares, equating to his total stake. And on Tuesday Uber announced that the ousted CEO who has set his sights on "ghost kitchens" will leave the board by the end of 2019. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. 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