Morning Brew Daily Tesla Earnings Dive, Facebook could owe you money?, & TSwift shut down FTX
Apr 20, 2023
The hosts dive into Tesla's latest earnings, revealing a shift in strategy from profit margins to record vehicle deliveries. They discuss a potential payout for Facebook users from a massive settlement and how to file claims. Excitingly, Taylor Swift's decision to distance herself from crypto giant FTX raises eyebrows. Plus, the rise of fake artists on streaming platforms raises concerns about authenticity in music today. With humorous trivia thrown in, the show captures the intersection of finance, pop culture, and corporate accountability.
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Tesla's Volume Strategy
- Tesla sold a record number of cars in Q1 2023, but at lower prices.
- This strategy prioritizes volume over higher profit margins.
Tesla's High Margins
- Tesla's profit margins are unusually high compared to traditional automakers.
- This is because they cut costs by not advertising and bypassing dealerships.
Cybertruck Delivery
- The Cybertruck is expected to start deliveries in Q3 2023, according to Elon Musk.
- However, Neal Freyman remains skeptical until he sees it on the road.