Takeaways:
• Good news for Peloton: they just hired a world-class CEO. The stock has been all over the place, which begs the question — How do you invest in rocket ships, not rollercoasters?
• Apple invests in Apple Pay options for small businesses. We believe this is complimentary, not competitive, to Square.
• A couple U.S. Senators are scrutinizing Tesla for its lack of safety protocols. The conversation should focus on distracted drivers rather than Tesla’s design choices. Whether or not Tesla has games installed in their vehicles, drivers will likely still text on the highway.