The Final Flight for the 747 and More Tesla Profits
It’s the end of an era.
The ‘Queen of the Skies’ has made its final landing, the retired 747 passenger jumbo jet taking a farewell flight from Sydney to Los Angeles with Qantas. The 747 revolutionized air travel as a larger plane that meant more seats and cheaper fares.
Boeing has discharged the plane in favor of modern alternatives, and this particular 747 got the flashy send-off from Qantas.
The ceremony involved water cannons, aboriginal poems, and goodbye video messages; a plane-spotter’s delight! Upon take-off, the 747 made a kangaroo in the sky with its flight path, before traveling to a graveyard in the Mojave Desert to be stripped for parts.
The discharge from Boeing came six months early due to the coronavirus impact on travel demand. Investors are being told it’s not until 2023 that the industry can bounce back!
Tesla is a stock for the present, if not also the future. It reported earnings last night after the closing bell and made a profit for the fourth straight quarter. Bravo!
This paves the way for Tesla to be listed on the S&P 500, which should mean nothing for its valuation, logically, but some questions still hang over the car-maker that do need answering to refine the valuation.
For example, Elon says “demand is not a problem,” but he keeps lowering price and engaging in excess fleet sales. It’s also tough to see the upside if Tesla stopped receiving stunning $428 million regulatory credits.
Enjoy the show!
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.
