In The Rime of the Ancient Mariner from 1834, English poet Samuel Taylor Coleridge famously quipped “Water, water, everywhere / But not a drop to drink”. The lines speak to the irony of sailing the high seas: there’s unfathomable amounts of water in every direction, but it’s definitely not going to quench the thirst of any sailor.
Surprisingly, the situation is not as different on land as you might think.
Model X | Tesla
If imitation is the sincerest form of flattery, then Elon Musk should be blushing.
In addition to the increased competition from big auto manufacturers, there are also now many venture-backed startups that are now kicking tires within the electric vehicle industry. According to Tracxn, a startup intelligence platform, some of Tesla’s rivals include Faraday Future, NextEV, and Atieva.
At first glance, it’s easy to be blown away by Elon Musk’s impressive resume.
He’s shooting for the stars with SpaceX, changing the future of transportation with Tesla, Hyperloop, and The Boring Company, and he’s already had a profound impact on the e-commerce and payments sectors through Paypal. It’s no coincidence that most of these are $1 billion+ companies.
Last year, Visual Capitalist published a chart showing that tech companies have displaced traditional blue chip companies like Exxon Mobil and Walmart as the most valuable companies in the world.
In a world where big data reigns supreme, sources of highly detailed and granular information can be very valuable to companies.
But what if that information is about you?
The inner-workings of most commercialized batteries are typically pretty straightforward.
The lead-acid battery, which is the traditional battery used in the automotive sector, is as easy as it gets. Put two lead plates in sulphuric acid, and you’re off to the races.
If you’re planning to hold a portfolio of blue chip stocks well into retirement, then short-term movements in the market are not likely your biggest worry.
However, if you dabble in the stock market on a day-to-day basis, or if you simply want to know what drives the thinking of other market participants, it can be very beneficial to understand the basics of technical indicators.
In the company’s first 10 years, Mark Zuckerberg transformed Facebook from a college side-project into a multi-billion dollar platform.
Along the way, Zuckerberg was given many opportunities to exit. He was offered $75 million from Viacom in the very early days, and then $1.5 billion later on (including $800 million cash up front). Yahoo also missed out on making a deal after having its $1 billion offer rejected in 2006.
Whether it is lashing out on China for unfairly weakening its currency, or calling out “unfair” government subsidies on Canadian softwood lumber, it’s safe to say that re-opening discussions about foreign trade has become a key priority under President Trump.
Modern technology enables stock markets to be faster and more complex than ever.
But while the speed of order executions are infinitely more impressive across the board, the conceptual backbone behind the stock market itself hasn’t changed much. In fact, the model we use today for settling trades and ensuring proper share ownership is still based on the one initially created in the 17th Century.