Everyone’s favorite (until Thursday) pot-stock, Tilray, is tumbling in the pre-market, testing back towards $100 – down 66% from Wednesday’s record highs – leading the emerging cannabis sector lower on the day.

This is the 3rd losing day in a row – a record losing streak for the newly-minted company… CLICK for complete article

First Tesla. Now Lucid. Saudi Arabia’s Pension Investment Fund (PIF)—the Kingdom’s sovereign wealth fund—is gunning for electric vehicle glory, but it’s dipping its fingers in multiple pies.

On Monday, Lucid Motors managed to close a $1-billion deal with Saudi Arabia to fund the 2020 commercial launch of its first EV, the Lucid Air. CLICK for complete article

Less than a month away from the official launch of legalized recreational marijuana in Canada, some of the biggest names in beverages are scrambling to get on board, as drink gives way to smoke and future profits promise to quench the big thirst…. CLICK for complete article

Audi’s first battery electric vehicle, which launched at $74,800, is comparable to Tesla in price — but little else.

“The e-tron underscores that catching up with Tesla is more difficult than expected by many,” UBS said in a note. “It delivers [about] 30-50 miles less range than the (more expensive and larger) Model X, in spite of having almost the same battery capacity (vs. the 100D), and accelerates significantly slower.”

At the same time, Tesla leads in powertrain efficiency ratios, which may, as UBS anticipates, help keep Tesla at the top in EV sales…. CLICK for complete article

A sea of red…

After China’s slump to 2014 lows, US markets are seeing selling pressure everywhere with bond prices down (10Y yields above 3.00%), the dollar sinking, and US stocks are all lower… CLICK for complete article