No humanoid air castles can divert attention from General Motors beating Tesla on Elon’s Home Turf — Tesla is struggling with the rollout of a well-functioning level 2 driving assistant system. Meanwhile, the General Motors-owned Cruise is getting ready to scale its level 4 ride-hailing business (you can find an overview of the 5-level autonomy classification system in this article). Cruise released video material promoting their autonomous…

IPO pipeline gaining size, Robinhood and Vroom struggles, Dutch Bros file for fall IPO — The usual IPO summer slump is nearing its end. Private companies aiming to go public via an initial public offering have started to submit the necessary filings with the SEC. Last week saw 14 filings in the US alone. Amongst them are some interesting companies. …

He’s ruled the world before though. Michael Burry’s fund takes on Tesla and ARK Invest in new big short bet — Michael Burry is at it again. His fund Scion Asset Management has a large short options position on the ARK Invest Innovation ETF. Burry rose to fame after predicting the housing market crash. …

Equity markets have seen an unprecedented inflow of new capital. Do investors have any dry powder left? — Nine months ago, I published a market commentary here on Medium. It outlined the large amounts of liquid reserves not utilized in the market. In other words, record amounts of cash were sitting on the sidelines, waiting to be deployed when deemed appropriate. Such a phenomenon is a tailwind for…

SPAC galore, broad underperformance, and rumors on Reddit and TikTok — The rest of August is set to be quiet in terms of finalized offerings, but new IPO filings over the coming month will lay out what could be a busy fall season. Notably, recent IPOs are underperforming the general market this year. …

Robinhood, Duolingo, and a quiet week ahead — Two of the summer’s most awaited IPOing companies had their first full week of trading last week. The week also saw a couple of new companies priced, and the five days ahead look fairly undramatic. Here’s an update on all things IPO. Robinhood and Duolingo Both online brokerage platform Robinhood and language-learning mobile…

If you’re serious about investing, use a prime broker. — Robinhood finalized its IPO and began life as a publicly-traded company on the New York Stock Exchange last week. Trading under the ticker $HOOD, the Californian company had a rough first day falling more than 8 percent after initially pricing well below expectations. This week, the stock has been highly…

The only thing scarce is probably the amount of real money in the Bitcoin ecosystem, yet people flock to exchange their dollars for Bitcoin on the notion of scarcity. — (This is part 1 in a new series on the behavioral economics behind speculation in Bitcoin and other cryptocurrencies) Have you ever went to the supermarket for a gallon of skimmed milk, arrived to find only one gallon there, and been overly excited that you didn’t miss out on it?

Crypto-traders and HODLers alike are affected by the wild swings in crypto prices. Elon Musk’s antics are an effort to profit off the little man. — If I was a crypto-evangelist, I would be tired of Elon Musk. The Tesla CEO appears to have the power to move markets, even for the largest cryptocurrencies Bitcoin and Ethereum, with a few lines in a tweet. And Musk is making a mockery of the entire crypto space. …