Diamonds and Dogs

9/22/20

Upgrade for Amazon (AMZN). Amazon is up 3% as an analyst sees Amazon increasing fulfillment capacity by 50% year-over-year through 100+ new facilities while planning to add another 100,000 workers.

Yesterday, Nikola (NKLA) was the dog. Today, its Tesla (TSLA) down 5% ahead of their "Battery Day" meeting this afternoon. Tesla is expected to unveil a new 'million mile battery', which would triple the current range for Tesla Model 3 sedans, as well as new batteries for trucks and taxis. However, Elon Musk expects significant shortages in 2022 & beyond which is limit high volume production for the forsseable future.

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