Tesla's drama. GM's labor strike... American car brands get the attention, but Toyota's latest earnings deserves yours. Almost 70% of US car sales now are trucks or SUVs — But unlike its Japanese peers, Toyota anticipated this years ago, prepping factories for Tundra, Tacoma, 4Runner, and Rav4 production. Its sales rose 4.5% last quarter and it's enjoying $2,300 in profit off every car sold (Ford's profit per car is $1,400 and Tesla's is just $268).
Travis 2.0... The Uber co-founder/ex-CEO's new venture raised $400M from Saudi Arabia (it's the Saudis' 1st major US tech investment since journalist Jamal Khashoggi's murder). It's called CloudKitchen, and it leases kitchen space for delivery-only restaurants so they can prep meals. These "ghost kitchens" are sprouting up to supply DoorDashers, GrubHubers, and (plot twist) Uber Eaters with potentially lower-cost delivery food, since they aren't full-service restaurants.