Money Never Sleeps, the show where we touch on anything and everything that impacts the flow of money from around the corner to around the world. First off Happy Columbus Day for our listeners in the United States and Happy Thanksgiving to our Canadian listeners.
This week I'm going to be touching on a number of topics and companies, over the coming weeks I am planning on bringing on guests that are in the private equity, real estate, commodity, cannabis, yes I said cannabis as its big business now, I'm also going to bring on some traders to get their insight on the state of the market and because I think its very important we want to put a spotlight on startups as well, brining on some startup CEO's on the show to see what the future may be with the products that they are bringing to the table.
Fiat Chrysler merged on October 12, 2014, yes yesterday it was finalized and they began trading today on the New York Stock Exchange. Now the company was rolled into a new Netherlands corporation and there are a lot of reasons for that, especially when it comes to importing materials. The Netherlands is an extremely strategic location in Europe not only for shipping but for creating underlying subsidiaries in other lower taxed countries which allows these companies to avoid getting taxed to death, not to avoid paying taxes but to avoid getting taxed to death.
They have joined the likes of other major corporations who also have main or subsidiaries incorporated in the Netherlands such as Cisco, Mead Johnson, Nike, Google, Starbucks, Tesla Motors, Facebook, Booking.com and a whole host of others.
The reason that I point this out is that it is without a doubt one of the smartest things that they did in order to allow them to transport through out Europe avoid the constant tariffs that come into play. When you ship from the Netherlands you have already paid the lowest tariffs but get a huge tax break when shipping to other European Nations. Anyhow that is only one benefit of a whole host of others that are in place in the Netherlands.
Let me just add that Rotterdam is the major port in Europe and they are adding to this port which will make it an even more integral port in doing business in Europe.
Some of the brands, just in case you didn't know which are wrapped up in the new Fiat Chrysler include of course Fiat and Chrysler but also Ferrari and Maserati, so when you see those fierce monsters on the road you know its a Fiat Chrysler car.
This is a great segway into Tesla Motors.
I really like what Tesla's founder, the Guru of Tech some even call him the real life 'Tony Stark', which he very well may be, but I like what he's doing, Elon Musk is a visionary. He is not looking at the next quarter but he's looking at the future for all mankind. Now that is a wild thought isn't it, but through out history the most impactful people, the ones that become iconic are the ones that tried to change the world for the better and trust me Elon Musk is etching his name in that granite slab along with all the iconic names from Davinci to Newton to Washington on down the line. So doing some good in the world is beyond dollars and Pound Sterling it’s about forging the future which is what he's doing.
Now that I touted Elon Musk just about enough, Tesla unveiled the Tesla D, it showcased an upgraded all-wheel-drive with a dual motor system that gives it the kick that consumers were looking for, its the top sports car of electric sports cars but with a price tag well over $100k it may be out of the reach for the average Joe but still its one step in the right direction. Investors weren't thrilled with the unveiling however Musk doesn't produce products to boost the stock price he produces products that will evolve and I'm very sure that this will evolve over time into a more affordable vehicle. I can't give short term insight on the ups or downs of the stock price itself but long term, as I feel with Amazon, Google and Facebook, long term they are all going to be winners as well as leaders in industry beyond technology.
I just need to add this, which I found to be very interesting, one of the high end sports car companies that are jumping into the electric vehicle game, believe it or not, is Lamborghini, yes Lamborghini, they are looking to launch its first ever plug in hybrid which was unveiled at the 2014 Paris Motor Show, its said that is can travel as far as the Chevy Volt in electric mode. Now if this is true then why are we not embracing this technology more?
Elon Musk made it easy for companies like Exxon, Citgo and other gas companies to implement electric stations at their current gas pump stations, so lets see what 2015 brings.
- Louis Velazquez
Host- “Money Never Sleeps”
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