GM Money Masters, 👋
First, congratulations to the Kansas City Chiefs for the Super Bowl LVIII Victory. Good Job on the back-to-back championship.
Second, we wish you all a Happy Valentine’s – whether you believe in Cupid’s Day or not, we still wish you love and prosperity.
Let us get down to business. Tesla is showing some love by giving February buyers a $1,000 discount for the best-selling Model Y.
While Nvidia will offer a bespoke service. Fancy!
And if you are buying an Apple wearable for the love of your life, make sure there’s not a ghost attached to it.
White 80, White 80 set hut! 🏈
MONEY MASTERY BRIEF
- 🚙 Tesla Discounts the Model Y
- 🕴️ Nvidia Goes Bespoke
- 👻 Apple’s Haunted Watches
🚙 Tesla Discounts the Model Y
Have you always wanted an electric vehicle, but high prices get in the way? Well, you are in luck, Tesla (NASDAQ: TSLA) has just announced a limited-time offer for its Model Y. And why is the company being generous? According to its CEO Elon Musk, “Since most people don’t love to buy cars in the middle of winter, Tesla is offering a $1000 incentive to do so”
The EV maker is now offering a $1,000 discount for the Model Y rear-wheel drive (RWD) and Model Y Long Range. So for as low as $42,990, you get to drive home the RWD version, but if you have range anxiety, you can get the long-range version for $47,990.
The discount came out just a month after the company slashed prices across Europe and Germany. Prices were decreased by as much as 9% in Germany and up to 10.8% in Denmark.
If you are still contemplating if the discount is good enough, then consider this: The Tesla Model Y is crowned as the best-selling car of 2023. If you have a need for speed, then the long-range variant can accelerate from 0-60 mph in just 4.6 seconds – which is pretty fast for an SUV. It can seat 5 comfortably and if you need to haul more people, there is an optional 3rd row. You can also claim bragging rights that you are eco-friendly and you are probably helping Elon Musk’s dream of colonizing Mars, which is in itself a great flex.
If you want to take advantage of the offer, then better hurry up. The $1,000 markdown is only good for February. If you rather buy some TSLA shares, instead of a new EV, then check out our team’s analysis of where the price is heading. 📉
🕴️ Nvidia Goes Bespoke
They say that bespoke is the epitome of luxury. There is nothing like wearing a suit that has been tailored just for you. But bespoke is not just confined to luxury clothing, it has also permeated to the tech industry. Nvidia (NASDAQ: NVDA) is building a new business unit that will cater to the specific needs of its clients.
The new business plan involves designing custom chips and AI processors for clients. The bespoke chips will be marketed not just to AI companies, but will also be available to customers in telecoms, cloud computing, automotive, and video games.
The $1.78 trillion tech giant currently controls around 80% of the high-end AI chip market. Its H100 and A100 are the preferred AI chips for many customers. It is believed that Microsoft (NASDAQ: MSFT) and Meta (NASDAQ: META) have purchased more than 150,000 H100 GPUs each.
H100 chips are very popular all-purpose chips, but some customers need something more specific. For example, they might want something faster, cheaper, or more energy-efficient. So, some of these customers are now looking at developing their chips to suit their needs. This is the exact reason for the new bespoke unit. Nvidia does not want to lose any market share, thus giving what the customer wants is a strategic move.
The custom chip sector is expected to grow by $10 billion in 2024 and another $20 billion in 2025. This niche is currently being controlled by Broadcom (NASDAQ: AVGO) and Marvell (NASDAQ: MRVL). It is expected that Nvidia will eat into its competitors’ market share.
In restaurants, pickles will be taken out of a burger if the customer does not want it. In the same way, Nvidia realized that there is no generic solution for all customers’ needs. If they want a GPU with a toaster and a side of chips, then so be it.
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👻 Apple’s Haunted Watches
Many things scare the hell out of a lot of people. For some, it could be spiders, snakes, or climate activists trying to block traffic. And for believers of the supernatural, we have ghosts.
Apple is currently investigating “ghost touches” which are said to be affecting Series 9 and Ultra 2 watches. So, what exactly are “ghost touches”, as much we would like to say that you need an exorcist or to call the Ghostbusters, it is far less exciting than that
An internal memo from Apple is saying that some customers are reporting some affected watch models to “jump erratically” or exhibit unexpected behavior sans user interactions. This weird glitch may start a phone call and prevent users from entering their passcodes. In short, some bug is making the watch act on its own. This is actually horrifying. Just imagine your Apple wearable calling your ex out of the blue.
There is no news yet on how many customers are affected or what is causing the problem. But Apple recommends restarting the “haunted” watches and making sure that the software is up to date – which is pretty much saying we don’t know what is happening so do the usual troubleshooting first, while we figure things out. 😞
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“I still believe we’re at the start of a 3-5 year tech run that will end with an AI bubble”
– Gene Munster, Deepwater Asset Management co-founder
$213 billion in profit was posted by Norway’s sovereign fund. This amazing performance was boosted by investing in tech stocks.
Nvidia (NASDAQ: NVDA) CEO Jensen Huang proposes that countries should build their own artificial intelligence infrastructure to take advantage of its economic potential. He said that: “You cannot allow that to be done by other people”. He also said that fears about the use of AI are overblown. Yeah, he wasn’t a fan of the Terminator movie. Full story
Alphabet’s (NASDAQ: GOOGL) Waymo lost one of its autonomous cars when a crowd set it on fire. The vandalism happened in San Francisco’s Chinatown district during the Chinese Lunar New Year celebration. A witness said that somebody broke the windshield and then someone threw fireworks inside, which started the fire. Fortunately, there were no passengers during the incident. Full story
Arista Network (NYSE: ANET). This cloud networking company is expected to beat estimates again in its next earning report. The company has a record of surprising investors and analysts. In its last earning report, Arista posted a $1.83 per share, which is approximately 15.8% more than the expected $1.58. Full story
Tesla (NASDAQ: TSLA) factory workers are now enjoying a higher salary. Workers are now receiving up to $39 an hour, which is higher than the national average of $25/hour for automotive workers. Aside from higher wages, workers are also entitled to performance-based bonuses. And they say Elon is a horrible boss. Full story
Apple’s (NASDAQ: AAPL) iOS 17.4 beta now lets users generate a virtual card number for times wherein Apple Pay is not accepted. This makes it possible for iPhone users to pay with Apple Cash, even when the Apple Pay option is not available. Aside from the card number, an expiration date, and a 3-digit security code will also be given. Full story
Microsoft (NASDAQ: MSFT). Macro strategist and Crescat Capital partner, Otavio Costa shared a chart on X that compares the annual free cash flow of Microsoft with those of the entire energy sector in the S&P 500. What is puzzling according to him is that the energy sector generates twice the free cash flow, despite having half the market cap of the software giant. Free cash flow is the money the company has left after paying expenses and investments. Microsoft has just recently achieved a $3 trillion valuation which is largely attributed to interests in AI. In short, why is a bigger company earning less? Full story
The chart from Visual Capitalist shows how important is the iPhone in Apple’s revenue. The iPhone has emerged to be the most popular smartphone in history and carried the tech company to the top.
The Apple iPhone is probably the most recognized smartphone in the whole world. Arguably, the tech company wouldn’t be this big without it. However, no product will stay on top forever, no matter how good it is.
Apple, at the moment, is trying to concentrate on its other products like wearables, which include its Apple Watch and its new “spatial computer” the Vision Pro. One of them will most likely dethrone the iPhone from its spot and become the new flagship product.
Do you think the iPhone will bow down to a new king in the next 10 years?
Let us know by replying YES or NO to this email.
Thanks for reading, and may your investments thrive. 🙂
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