🎩🚀 A launch, a dip, and now a jump have been the short story of Porsche since the launch of its IPO.
💶💪 The brand hit 85B euro valuation, officially making it the most valuable carmaker in Europe. A title previously held by its parent Volkswagen.
📉😰 The luxury brand dipped to 81B earlier this week but did not stay there long.
🇩🇪🇨🇳 Volkswagen is not intimidated by the mix-up and has turned its attention toward a software joint venture in China.
💿🚘 According to two sources, neither of which were with VW, the company will invest nearly $1B, but not until the results of an election that will affect two seats on its shareholder supervisory board.
TL; DR - Tesla says their Chinese sales are aok, and you should mind your business. Carvana should mind its business, but, like, in a ‘get things in order’ kinda way, and the used car business is seeing an influx of exotic cars as Crypto investors face a time “between prosperity.”