Yesterday’s Newsletter / December 23, 2020
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News
Israeli government collapses, forcing 4th election in 2 Years
—The New York Times
US Justice Department sues Walmart, alleging it helped fuel opioid crisis
—The Washington Post
Nicaragua essentially bans opposition from 2021 elections
—The Associated Press
Unilever expands deal with Burger King to launch meat-free Whopper in Latin America and China
—Reuters
Airlines to bring back thousands of workers after passage of COVID aid bill
—The Wall Street Journal
Visual
700%
Amount the US electric car company Tesla’s stock is up from the beginning of 2020.
The company was added to the S&P 500 recently, and though stock values tumbled by about 5% by the end of that first day, the company is still doing incredibly well—especially compared to other major automobile manufacturers.
For comparison, Tesla’s market value is about $615 billion, while the combined market value of Ford, Honda, BMW, GM, Daimler, Volkswagen, and Toyota is $587 billion. And this despite the fact that the latter group’s combined yearly revenue comes in at around $1.1 trillion, while Tesla only earns about $.03 trillion.
Yesterday’s Newsletter is published by analytic journalist and host of the Let’s Know Things podcast, Colin Wright.