BUSINESS

Tesla Makes Money Selling Electric Vehicles, But 67% of Its Earnings Might Soon Come From This Instead

Tesla (NASDAQ: TSLA) sells more passenger electric vehicles (EVs) than any other car maker, and they account for 84% of the company's revenue today.

Yet, experienced tech investor Cathie Wood believes that Tesla stock presents the most significant artificial intelligence (AI) opportunity globally. The company leverages AI to advance its cutting-edge autonomous self-driving vehicle software.

Wood's investment firm, Ark Investment Management, released a set of financial models that suggest electric vehicle sales won't be the primary source of Tesla's financial success for much longer. With the help of AI, 67% of the company's earnings will come from something else entirely by 2027! Here's what investors need to know.

SUBSCRIBE TO The grnmrk newsletter

TECH

Why is the Apple Watch banned in the US

The latest Apple Watch is no longer available for sale in the US due to a patent dispute with medical technology company Masimo.

The disagreement revolves around pulse oximetry sensors used to measure blood oxygen levels.

Masimo claims Apple's sensors infringe on its patents, while Apple denies this and suggests Masimo is making the claims to promote its own upcoming Watch.

The US International Trade Commission (ITC) has imposed an import ban on the Watches, prompting Apple to proactively remove them from sale, including from its website, starting on December 18. The ban officially took effect on December 26.

SUBSCRIBE TO RAREMINTS

CRYPTO

Next Stop for Bitcoin: A $100,000 Token Price in 2024?

As 2024 approaches, investors should take a step back and assess their portfolio allocations. Ask yourself which of your positions may be primed for profit-taking and which may be worth doubling down on.

WHAT WE’RE READING

THE HUSTLE - Business owners and decision makers, entrepreneurs, CEOs, small business owners, founders

The 1 Minute Question - Business owners, entrepreneurs, or people who start a new project, who are interested in mindset optimization, entrepreneurship, motivation, business, being more productive

Every Day is Saturday - interested in the financial and lifestyle aspects of retirement. Subscribers will get our latest podcast episodes as well as offers for retirement-specific courses, webinars, books, and much more.

SMB Scoop - Understand the small business path is an opportunity to achieve flexibility, freedom, responsibility, and generational wealth creation.

Wealth Factory - individuals looking to build a financial foundation, grow their wealth, and create a lasting legacy.

Early Chir - Male or Female Interested in stories related to tech, science, and current world events

MarketBriefing - daily pre-market briefing that keeps thousands of investors ahead of major Wall Street and business news - quick, curated, and free

Welcome to the Strategic Business Capital Newsletter, where we unravel the complexities of loans and financing to empower you with knowledge and strategies for financial success. Our newsletter is your trusted companion in navigating the ever-evolving landscape of loans, ensuring you make informed decisions tailored to your unique needs.