Notes From All Over, Part 3 -- July 26, 2019

The day started out as an incredibly slow news day. Turned out to be an incredible news day.

Takeover: I completely missed this one. Link here.

The $2.6 billion Alaska Airlines takeover of Virgin America has started to show up in the SeaTac-based airline's bottom line.

The carrier reported a 36 percent surge in profits on Thursday. Since completing several items of its plan to integrate Virgin, Alaska reported significantly higher profits for its second quarter, generating a $262 million profit compared to $193 million in 2018's second quarter. Alaska reported $2.3 billion in revenue for the quarter, a 6 percent year-over-year increase that was helped by a 16 percent surge in revenue from its air cargo operations.

Tesla: short sellers net $1.5 billion following Tesla's miss. Link here.

Tesla: down again today on an "up" day for the market. The dirty little secret:

• batteries account for 90% of the total cost of an EV
• battery prices are not going down
• at best, technology will "improve" batteries "on the margins" but there won't be any breakthroughs

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

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