Hey Snackers,
Move over, Addison Rae in a Lamborghini: Nonna Pia is here with the fettuccine. An Italian grandma has taken TikTok by storm with her homemade recipes for 2.7M followers.
Stocks jumped as investors got more comfortable with the Fed’s increasingly aggressive stance on rate hikes. President Biden is flying to Europe today, where he’s expected to announce new sanctions against Russia and a plan to help the EU wean itself off Russian energy.
Schnitzel in the Model S... crispy luxury. Tesla just cut the ribbon at its new Gigafactory outside Berlin. Elon Musk and German Chancellor Olaf Scholz attended the opening of Tesla's first European plant — Elon danced, Olaf didn't,. Tesla snagged approval to produce up to 500K cars/year at Giga Berlin, but ramping up production will take time. It’s hoping for 30K cars by June.
Fake German heiress... real Model X. By expanding manufacturing, Tesla delivered almost 1M cars last year — nearly double 2020 deliveries. Giga Berlin will play a key role as Tesla's European production hub (currently it ships cars to Europe from its China plant, and pays hefty import duties for the privilege). Tesla’s footprint:
A global footprint is fuel… for global EV domination. Last year 85% of the world’s EVs were sold to customers in Europe and China. With oil prices gone haywire, EV demand could soar. Thanks to its continent-spanning factories, Tesla can produce at a much higher volume than other EV-first companies. But it’s losing ground in Europe to OGs like Volkswagen, which has eclipsed Tesla in EV sales there. The Berlin Gigafactory should help Tesla compete on VW’s home turf.
DecentraCow… Non-fungible tokens could be coming to a farm near you. A Wyoming cattleman recently started a four-person shop called CattleProof to help fellow ranchers create NFTs for their cows (the same guy also founded BeefChain, which aims to help ranchers sell blockchain-validated meat — call him a crypto bull). Here’s how CattleProof makes it easier to track and sell cattle:
Bored Cow Graze Club… Big Agriculture has been embracing blockchain technology to make supply chains safer and more efficient. More than half of fruits and veggies are lost along the supply chain, leading to $100B+ in annual food waste. Blockchain systems could create more transparency from farm to store:
NFTs are becoming more practical… Early NFT hype centered on digital art, but these tokens can be applied to more than ape collectibles. NFTs are already being used to verify ownership of physical assets, from a plot of real estate to, now, a herd of cows. The latest use case has companies adopting blockchain tech to fix broken supply chains and improve out-of-date systems.
Authors of this Snacks own: shares of Tesla, Google, Walmart, and Disney
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