The stock fell 7.5%. → 480,126 deliveries. → Up 25% from a year ago. → More than 84,000 above Wall Street’s expectations. By almost every operating metric, it was a standout quarter. So why did investors sell? The answer has less to do with Tesla’s results than with how markets process expectations. Here is the story. ⇩ SPONSOR BREAK presented by BrownstoneResearch* Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger While everyone was distracted with the recent SpaceX IPO… Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown...

How High Could it Go? How expensive was too expensive? Would the rally last? This week, the quiet period expired, and Wall Street’s first analyst reports began arriving. For the first time, investors have detailed financial models—not just excitement—to compare. Here is the story. ⇩ SPONSOR BREAK presented by BrownstoneResearch* Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger While everyone was distracted with the recent SpaceX IPO… Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown believes will be his next breakthrough… Something...

Trading Together. Before SpaceX went public, the prevailing theory seemed straightforward: investors would sell Tesla to buy SpaceX. It sounded perfectly reasonable. But since last Thursday, the two stocks have moved almost in lockstep. Up together. Down together. Back up together. Rather than competing for investor dollars, the market has been treating SpaceX and Tesla as if they’re on the same team. Here is the story. ⇩ SPONSOR BREAK presented by BrownstoneResearch* Forget SpaceX, Elon’s M.A.G.I. Could Be Bigger While everyone was distracted with the recent SpaceX IPO… Elon...

Swimming In Cash… If you looked only at corporate profits, you’d think the economy has rarely been healthier. Corporate America earned $4.42 trillion in annualized profits during the first quarter—the second-highest figure ever recorded. → Profit margins are near record highs. → Companies are keeping more of every dollar they sell than they have in decades. By almost every historical measure, business has never been this good. Yet one of Wall Street’s most influential bankers isn’t celebrating. Jamie Dimon says he’s worried. Not about today’s economy. About...