Important Innovations

Most Valuable Automaker in the World Source:  Tesla Sportscar Share Price Surges Tesla, the global electric car company founded by CEO Elon Musk, is now worth triple the combined share price value of GM and Ford.  Today, Tesla's stock price hit a record of $1,133.  And the market cap climbed in late morning to $209.47 Billion.  That is $6Billion more than Toyota is valued by investors. Big Vote of Confidence in Tesla and Electric Cars The stock market is giving a big vote of confidence in the global growth of electric cars and Tesla's strategy and technology.  Tesla is the global leader in EV sales.  After several years of losses, Tesla has delivered three profitable quarters since the 3rd quarter of 2019. CEO Elon Musk says despite disruptions from the COVID-19 virus, Tesla is on track to deliver 500,000 new vehicles in 2020.

Online Pet Retailer Chewys' Initial Public Offering Source:  AKA Source:  Chewys Combining Pet Products and Online Innovation Chewys, which is PetSmart's online retailer, just launched an Initial Public Offering that has resulted in a market cap of $14 billion.  Out of the box the share price was targeted at $22.00 but it soared 59% to $35.00  It's one of the top IPO's of 2019 on the NYSE Going to the Dogs and Cats and Loving It The online pet retail company is based in Dania Beach, FL.  It is the latest unprofitable technology company to enjoy an IPO surge this year.  Investors are clearly banking on Americans' increased spending on their pets - $73 billion last year - and the migration to doing the spending online.  The company says it is considering expanding overseas and also expanding inhouse brands including its pet pharmacy online.  In this case, you might say "going to the dogs" is a good place to be.