👑 Tesla remains the EV king, crushes earnings

Today’s market performance 🏆️

S&P 500: -0.03% 📉
Nasdaq 100: -0.59% 📉
Dow 30: -0.61% 📉
Russell 2000: -0.40% 📉

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TOP STORY
👑 Tesla remains the EV king, crushes earnings

Knocked that sh*t right out of the park.

Earlier this week, Tesla completely obliterated their Q3 2024 earnings across the board.

• Revenue: $25.18 billion (vs. $25.4 billion expected) ❌

  • One year ago: $23.4 billion 

• Earnings: $0.72 per share (vs. $0.60 per share expected) ✅ 

• Gross Margin: 19.8% (vs. 16.8% expected) ✅

• Vehicle Deliveries: 462,890 (vs. 463,897 expected) ❌

  • One year ago: 435,059

Lotta numbers and a lotta growth.

Elon Musk himself thinks this party will continue into next year, saying that “Tesla's volume growth could be 20%-30% next year,” which would mean delivering 2.5 to 2.7 million vehicles in 2025.

So it shouldn’t come as a shock that Tesla shares rose 22% on Thursday, marking the stock’s biggest single-day gain since 2013.

I guess the world is back to its Musk fan, do-no-wrong era, at least on the Tesla front.

WORD OF THE DAY

FOOD & BEVERAGES
🥤 Keurig Dr. Pepper is acquiring Ghost for >$1B

Keurig Dr Pepper (yes, it's one company) is acquiring the energy drink maker Ghost.

Ghost is a popular energy drink brand known for its bold flavors and eye-catching packaging for those who haven't seen the dozens, maybe even hundreds, of fitness influencers using the product.

Let’s get into the actual deal and numbers, though, cause it’s a bit odd and worth billions.

• Initially, KDP, we'll call them, will acquire a 60% stake for $990 million, valuing the company at about $1.65 billion when the full acquisition is completed in 2028.

• Plus, KDP will be investing up to $250 million starting in mid-2025 to transition Ghost's existing distribution agreements.

This means they’ll be moving Ghost's distribution to their own network for better control and efficiency.

What’s got KDP so excited about energy drinks?

First, the U.S. energy drink market is valued at $19 billion and is expected to reach ~$33 billion by 2030.

Sweet. Plus, according to FoodDive, “Ghost’s net sales have more than quadrupled during the past three years,” significantly outpacing its direct competitors.

In comparison, Red Bull’s sales increased by about 20% over the same timeframe, and Monster's sales rose just 9.6% over the past year, according to Nielsen.

So it's no surprise that KDP has chosen Ghost to back in this race.

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GAMING
📱 Netflix and TED Talks create a mobile game

Definitely not a collab I had on my bingo card for this year.

Netflix and TED Talks are joining forces to create TED Tumblewords, a daily word puzzle mobile game. 

The name definitely needs some work, but it seems like it could be fun.

The game “features quick rounds you can play against friends, strangers, or the TED Bot.” Think like Wordle but with more interactive and social.

For the more religious gamers, here’s a more detailed rundown:

• Engaging Word Puzzles: Players can stay sharp with three unique word puzzles each day, meticulously crafted to sharpen critical thinking and enhance vocabulary.

• Compete and Connect: Players can challenge friends online in turn-based matches, or test their skills against the Ted Bot, or get matched with a random opponent. They will also be able to climb leaderboards and share victories on social media with a global community of players.

• Collectible Knowledge Cards: As they progress, players will be able to collect fascinating facts that enrich their understanding of various TED Topics, including Design, Psychology, and Science.

I genuinely like the concept, but we’ll have to see if these 2 companies can reach the correct demographic for this.