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Elon Musk’s Tesla Has a Good Day

By Amir Efrati
· · Source: The Information

Today’s Tesla headlines are rosy, as reports said a “surprise” third-quarter net profit propelled the stock nearly 20% in after-hours trading. In reality, the company stated in April and July that it expected to generate a profit in the third quarter, so not a surprise.  Here’s the context, good and bad, in the wake of the results: CEO Elon Musk moved up the expected production start date for...

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Patreon Considers Public Listing as Soon as This Year
By Ross Matican and Amir Efrati · Jan. 20, 2021 6:45 PM PST
Patreon CEO Jack Conte. Photo courtesy of Patreon
Patreon, the online service that allows podcasters, musicians and other artists to receive direct financial support from fans, is considering a public listing as soon as this year, said a person with knowledge of discussions. The San Francisco startup has met with banks and has been approached by special purpose acquisition companies, though the latter path to the public markets isn’t...
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