August 3, 2020

Young Dumb And Broke?

On Monday, Twitter disclosed that it expects to pay anywhere from $150 million to $250 million as a result of the July 15 bitcoin scam security breach. 

The news comes after Twitter received a draft complaint from the Federal Trade Commission. This isn’t great news for CEO Jack Dorsey who earned a salary of $1.40 in 2019…(And you wanted a raise) Fun fact: 140 is the original character limit on Twitter. We think Dorsey will be okay though, since he has a net worth of $7.2 billion.

Lets remember that one 17-year-old in Tampa, Florida, did all of this. Was the iconic “Florida man” out done by “Florida kid”, looks like we have an exciting future.

Feeling Productive?

Democrats and Republicans began in-person talks (not using Zoom) on the next coronavirus relief bill Monday as the outbreak continues to spread and enhanced unemployment benefits have expired.

Nancy Pelosi called the discussions “productive”, but Democrats said several issues are still outstanding.

It doesn’t look like like things are adding up. We at EVO are very confident that congress will be able to pass something in the near future.

The plan will include aid for jobless Americans, liability protections for businesses, and relief for state and local governments remain major sticking points in the talks. Unfortunately, those $600 weekly unemployment checks are gone, but still some free money.

Free Stuff!

Scroll To The Bottom And Find Your Link!

Not So S3XY?

Musk says Tesla (NASDAQ: TSLA) could build more traditional pickup truck if Cybertruck Fails.

When designing the Cybertruck, Musk told Automotive News that Tesla did no market research to see if there was any interest in the vehicle.

"We just made a car we thought was awesome and looks super weird," Musk said when asked about market research. Sounds like Elon Musk is being...well... being Elon.

We here at EVO love the design of the truck and can’t wait to see it on the open roads. We want to know what you think, check out our Twitter poll and let us know what you think! @EVO_Trading

Workhorse Working Like A Horse

NASDAQ: WKHS closed today up 23%.

After a meteoric rise in June with hype from a possible USPS deal, the electric vehicle maker is nearing its all time high once again.

The stock climbed today after news of Lordstown Motors announced they were going public. 

Lordstown Motors has a valuation of around $1.6B and WKHS owns 10% making their stake worth $160M.

Nikola's First Earnings Report

Today, Deutsche Bank issued a short-term catalyst, buy recommendation ahead of the company's Q2 earnings report tomorrow. Analyst Emmanuel Rosner thinks Nikola (NASDAQ: NKLA) may use its earnings call to update customer names for its electric truck.

With a cool $940 Million in the bank it seems that Nikola has the ability to drive the future, no pun intended. The question we are asking ourselves is what more can this company do pre-earnings. As the company plans to make trucks in 2021 we believe plan on taking a more “conservative approach” to trading Nikola.