Let's talk about Tesla
Welcome to Cautious Optimism, a newsletter on tech, business, and power.
📈 Trending Up: Proxy fights … the power of the EU … fumbling the bag … Chinese IPOs in the United States … Wiz’s ARR … Newcomer …
Mega-VC: General Catalyst’s $8 billion fundraise for a portfolio of new funds is a pretty insane number. Doubly so when we consider how many VCs are struggling to raise this year. Call it another reminder that big VC funds are eating in 2024 while their smaller peers are starving.
📉 Trending Down: Interest rates in the EU … Lina Khan’s specter, in Europe … Gmail … the AMOC … calm …
Understanding Tesla’s gains
Tesla’s third-quarter earnings released yesterday sent its shares up 17% today, adding north of $100 billion to its market capitalization. A lot, in other words.
Why are investors so thrilled with the American EV giant?