Burry's bearish views have expanded from Tesla to the entire ARK Innovation ETF ($ARKK)! The inflation narratives continue to clash!

Cathie Wood - "To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market. I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space."

The Wheel of Justice is slowly coming for Nikola ($NKLA)!

Trevor Milton, the Master Storyteller, is finally charged with misleading investors.

They will certainly become a case study of what one should not do when a company rides the SPAC wave in the public markets. The best part, this would have been a completely different outcome if the story was sold as a novelty idea with plans for the future.

As of right now, Nikola's market value continues to tumble. But I'm still amazed at the $4B MV.

Time Investor's checkout the breakdown of Robinhood ($HOOD), the fintech company that wants to become the go-to app for money.

📖What is Robinhood?

Robinhood is a stock-trading, investing tech company that provides everyone commission-free trading. The company is proud to have created an intuitive platform that makes investing easy.

If you want to read the full breakdown, click here ➡️ Robinhood Breakdown

📈Market Opportunity

The stock market is defined as one of the greatest inventions in the capital markets to increase wealth. Historically the S&P 500 has produced on average a 10-13% annual return. But many Americans experienced limited or no access at all in the wealth generation process by the markets. With finance technology, the barriers that once existed preventing ordinary citizens from access are deteriorating rapidly. Realizing this some market dynamics are evolving:

The company reports from insights by Charles Schwab that U.S. retail investors have total assets of $50 trillion. With over half of the retail investors revealing Robinhood as their first brokerage account, a strong market share is inevitable. Additionally, the crypto market is currently valued at $1.3T (with Bitcoin representing about 46% of the market cap). As young retail investors are open to the developing ecosystem, the ability to access crypto investments is crucial. Simultaneously, the opportunity to offer FDIC ensured cash management solutions like traditional banks opens additional market opportunities. There are over $1 trillion in brokered deposits in the U.S and $3.6 trillion in credit card purchase volumes as well. Robinhood is positioned to operate in an ecosystem that is ripe for disruption.

🤯Key Insights for Time Investors:

El Salvador making Bitcoin a legal tender is an interesting step. We will have to see if this creates a cascading effect on other nations as well when it comes to Bitcoin adoption. This will be a state-mandated movement where all economic actors that have the ability to participate in the digital economy will have to transact in Bitcoin. What are your thoughts here guys?

Check out the Bill here: https://twitter.com/nayibbukele/status/1402446890466217985?s=20

Time Investors, today we will break down the Softbank Vision Fund: the largest tech fund in the world, which is determined to be an agent of change to accelerate the AI revolution.

📖What is the SoftBank Vision Fund?

The inception of the Vision Fund begins with the samurai grit, discipline, vision, and fearlessness of Japanese billionaire, Masayoshi Son, founder and CEO of SoftBank Group. SoftBank Group is built on the spirit of the Kaientai, a company led by Japan’s renaissance man and samurai Sakamoto Ryōma. The Kaientai had a 100-year vision for the future of Japan, and they put everything on the line including sacrificing their lives to transform Japan into a modern and prosperous state. Fast forward 145 years later, from the day the seeds were planted in SoftBank Group, Masa embarked on his journey with a remarkable superpower to anticipate the future and build the capital systems to propel the reality of that future. Today SoftBank Group stands among giants as the world’s third most profitable company in the world delivering $45.8 billion in net profits. This success is shaped by a consistent vision built on the spirit of innovation, visionary leaders, a talented pool of human capital, and a successful track record in lucrative investments such as the Alibaba Group, Sprint/T-Mobile, Arm, Yahoo Japan, and many others.

If you want to read the full breakdown, click here ➡️ SoftBank Vision Fund

Now, Masa is fundamentally convinced that an AI revolution is exponentially evolving and will consume every industry in the world. This ultimate thesis spawns the birth of the Vision Fund which amassed $100B in under 8 months by May of 2017. To put this in perspective the entire Global VC industry invested near $300B in 2020. Ultimately, to understand the feat of this achievement you must observe the Jedi powers of Masa and Rajeev Misra, CEO of SoftBank Vision Fund, which during the fundraising process for the Vision Fund 1 raised $45B in 45 minutes (B per minute) from Saudi Arabia’s Public Investment Fund. This was followed by a personal commitment of $30B from the SoftBank Group and then the world’s most profitable company Apple, Qualcomm, Foxcomm, Larry Ellison, and Muabadala (UAE) as the key Limited Partners to achieve the jaw-dropping target. The sheer size of the Vision Funds cannot be ignored, and thus competition will follow through. Large investors like Tiger Global, T. Rowe Price, China New Era Technology Fund, Sequoia, and many others will attempt to ride the wave of the “mega-funds”. SoftBank Vision Funds has tapped the power of financial markets and rattled the VC world. And as we all know when disruptors arrive you either must evolve and compete or end up losing out. The game has changed and SoftBank has redefined the technology investing ecosystem. Now let us break down some critical facts:

🤯Future of the Vision Funds

The SoftBank Vision Funds goal can be summarized into one movement: The AI Revolution. Masa and Rajeev continue to emphasize that their Alpha is the ecosystem that is constantly being built and evolving. The 224 companies across the portfolio will produce substantial financial and social impact to humanity.

As a start-up, growth investment firm, the Vision Fund is now entering a chapter of building a sustainable system that can achieve recurring gains, or as Masa puts it “produce golden eggs”. The systematic approach is necessary to ensure consistency across the discovery process, and more importantly the financing process which is a strategic resource of SoftBank.

Vision Fund 1 is now in the value creation phase. Alongside the operational and financial support, the firm is giving its companies, they also continue to monetize select investments with the goal of maximizing IRR and distributions to LPs.

Last year 26% of the Vision Fund 1 portfolio – based on fair value – was comprised of exited and public investments. Now that figure is 58%, which provides remarkable valuation transparency into the fund.

There is a significant number of private Fund 1 companies that are yet to be monetized. When they are, it will extend the fund's track record of distributions to investors.

Gaming is eclipsing the entertainment industry and surpassing traditional streaming services. Within this $161 billion market, the fastest growing segment is mobile gaming. Today we will breakdown, Skillz ($SKLZ). The company that is aiming to tap into the competitive nature of gamers and transform the future of electronic gaming.

📖What is Skillz?

Skillz provides a platform for users to socially compete and watch multi-player esports games.

The company empowers developers to share their creations and for gamers to compete. The company is creating an gaming ecosystem that fuels the “competition layer of the internet”.

The company offers three types of games:

Now top games on the platform alternate year by year. In 2020, the top three games were Solitaire Club, 21 Blitz, and Blackout Bingo.

The three key values the company continues to reiterate are trust, fairness, and competition when building their ecosystem.

If you want to read the full breakdown, click here ➡️Skillz Breakdown Substack

📈Market Opportunity

According to Statista, over half the world’s population uses smart phones and based on additional studies around 33% of app downloads are games and within those games users allocate 10% of their time. Newzoo highlights, that the global games market has expanded from $70B in 2012 to $80B in 2021. Within the market the fastest growing segment is mobile gaming at a CAGR of 27% from $12B in 2012 to $106B in 2021.

Majority of gamers are usually young adults with a median age of 29 years old. According to the Entertainment Software Association, 64% of American adults played video games in 2020. Now when it comes to Esports, the competition sparks an immense amount of passion and engagement from fans. Millions of fans will want to watch their favorite performers and are also more willing to consume and spend on content.

In this market, there is a high demand for content with an engaged and passionate user base. Over the years, content creation in the gaming industry has democratized with standardized game development and distribution platforms (Unity and Unreal) resulting in over 15 million game developers making content.

🤯Key Insights for Time Investors:

While these reports have certainly introduced a new perspective, top tier investors/institutions continue to add a vote of confidence for the company:

The Vanguard Group - $309M

What does it take to build a world with more economic freedom for every person and business regardless of their location? Today, we will breakdown, Coinbase ($COIN), a company building the infrastructure to propel a crypto revolution that is decentralizing the world of money and finance.

If you want to read the full breakdown, click here ➡️ Coinbase Breakdown Substack

If you want to download my pdf report, you can click below ➡️

🔴Download Equity Breakdown Report

📖What is Coinbase?

Coinbase is the largest cryptocurrency exchange in the US. The company is positioned to provide end-to-end financial infrastructure and technology supporting crypto assets. The crypto ecosystem is shaped by three types of customers:

Coinbase is positioned to power the evolving crypto economy. The invention of Bitcoin created a revolution of digital scarcity. This scarcity does not require authenticity or approval from central institutions. Scarcity is proven through the decentralized ecosystem. This has enabled the company to potentially be a leader in creating an open financial system.

📈Market Opportunity

Technology is sweeping human society, while the existing financial system continues to experience legacy limitations. The crypto economy is organically evolving due to a series of fundamental shifts:

As a result, today the addressable crypto market is valued at $1.5 trillion which is about 10-13% of the value of all mined gold on the planet. Coinbase re-iterates that the market is still in the early stages. Coinbase will aim to target the 3.5B customers connected to the internet through smartphones around the world or translating into ~228 million monthly transacting users.

🤯Key Insights for Time Investors:

Vertical integration across the EV supply chain will define the winners of the industry. Today, we will breakdown, Proterra ($ACTC - $PTRA). The company is planning to become public through a reverse merger (SPAC) with ArcLight Clean Transition Corp ($ACTC).

If you want to read the full breakdown, click here ➡️ Proterra Breakdown Substack

If you want to download my pdf report, you can click below ➡️

🔴Download Equity Breakdown Report

📖What is Proterra?

Proterra is electrifying the commercial vehicle space through the three symbiotic business lines that ultimately create their ecosystem:

Proterra is the “Tesla” of the commercial vehicle space by harnessing the power of the electrification supply chain.

📈Market Opportunity

The electric vehicle revolution groundwork is established with the advancements in battery technologies, infrastructure, and government policies. Regarding the commercial vehicle space, the focus is on the total cost of ownership and achieving faster zero-emission target goals spearheaded by industry leaders and governments. According to the Environmental Protection Agency (EPA), the transportation sector represents about 28% of the GHG emissions in the U.S., and large size commercial vehicles account for 23% of those emissions. Based on the GHG emissions, Greenbiz revealed in their survey of global fleet companies that 60% of companies have GHG targets.

With 85% decline in battery costs, 40% cheaper operating costs than diesel vehicles, the electrification of buses and commercial vehicles will expand with reports from Frost & Sullivan highlighting 50% market penetration by 2025. As of 12/31/2020, there are 25,000 buses in operations that are targeted to achieve zero-emission by 2040. Governments, communities, and companies are all aligned in the demand for sustainable solutions.

As a result, Proterra believes they have an addressable market of $225 billion or 4.4 million commercial vehicles by 2023 and with an infrastructure opportunity of $37 billion charging investment or 40 TWh of annual energy need.

🤯Key Insights for Time Investors:

The race has just started in the commercial electric vehicle space, and today we will break down, Arrival ($ARVL). The company is planning to become public through a reverse merger (SPAC) with CIIG Merger Group ($CIIC). I actually interviewed the CFO, Tim Holbrow, to also get some additional insights!

If you want to read the full breakdown, click here ➡️ Arrival Breakdown Substack

If you want to download my pdf report, you can click below ➡️

🔴Download Equity Breakdown Report

📖What is Arrival?

Arrival is aiming to revolutionize the electric vehicle industry with the production of commercial electric vans and buses. The company was founded in 2015 and personally funded by founder and CEO, Denis Sverdlov to transform the automotive industry. In stealth mode, the company patiently focused on amassing top tier human capital and building layers of intellectual properties across the manufacturing process. Fundamentally, leadership is focused in creating an ecosystem that transforms the design, assembly, and scale distribution of the electric vehicle industry.

📈Market Opportunity

The share of electric vehicle sales is expanding from 2.7% to 58% by 2040. This movement is accelerated by the advancement of technology, unit-economics, climate change commitments from automakers, and rising government policy pressures.

Arrival has decided to focus its business strategy within the commercial vehicle space in the EV industry. This focus is driven by two key variables that are impacting commerce: the rise of e-commerce and the willingness of large fleet owners such as UPS, Amazon, or governments to reduce carbon emissions and adopt vehicle electrification.

Digital Commerce 360 has reported that e-commerce accounted for 21% of retail sales in 2020 and 37% by 2024, making vans a critical component. Additionally, logistic based companies, governments, and other corporations have put policies in place to transform their fleets and reduce carbon emissions. The U.S. government has confirmed that they will transition all their fleet to electric. Additionally, cost will play a critical role in the transition of these fleets.

Realizing these trends, Arrival has positioned itself with three key components to lead the commercial vehicle market.

Beyond the passenger vehicles race, the fastest tipping points will be in commercial vans and public transit such as buses. In the electric commercial vehicle market, Arrival believes the TAM is ~$70 billion for vans and ~$40 billion for buses. If you include fossil fuel commercial vehicles, the TAM expands to ~$280 billion for vans and $154 billion for buses.

🤯Key Insights for Time Investors:

Hey Commonstock community! I wanted to share with you the EV breakdowns that I have started for this year.

💡What will you learn in the Equity Breakdown Report?

If you want to read the full breakdown click here ➡️ EV Breakdown Substack

If you want to download my pdf report, you can click below ➡️

🔴Download Equity Breakdown Report

Typically, I will try to understand the industry framework and then focus on companies across the supply chain that potentially have the platform to succeed. I love research and I am always open to additional insights and more importantly feedback to foster a richer transfer of knowledge.

Feel free to reach out with any questions and also additional requests!

Here are some key points as you explore the EV industry:

Developing Resources:

1.Exclusive mining rights: Essential in the production of batteries which is one of the most expensive components of EVs. The raw materials are classified as rare earth elements with a high concentration in China, South America, Australia, and one world-class location in North America, specifically in the Mountain Pass deposit in California.

Research and Development:

1.Battery Technology: Batteries are one of the most important elements in EVs. The amount of energy that can be stored in a battery will determine the range and performance of the vehicle. The most common type of battery is Lithium-ion batteries making up about 70% of the rechargeable battery market.

Source: ScienceDirect - Battery Supply Chain.

2.Semiconductors: The brain behind EV companies are chips. They enable the electrical sophistication of powering the batteries, supporting tech components in the vehicles, and providing software.

3.Autonomous Technology: EVs with the software capability to achieve self-driving autonomy will create an initial competitive advantage. There are assumptions that Tesla plans to launch a fully autonomous taxi network.

1.Distribution and scalability to increase market share will be defined by brand strength and infrastructure to produce rapidly. Vehicles with the most advanced technologies that achieve reliability, performance, and practicality will benefit. Additionally, many young EV companies are partnering with existing auto manufacturers who have the appropriate infrastructure to produce at scale, except for Tesla. Companies that develop their own production facilities with practical scalability will have an advantage initially.

2.High margin opportunities will also be present in the recycling process of batteries. Recycling batteries will require unique expertise in chemical management and logistical constraints in terms of the location of facilities.

🧠Key Insights for Time Investors: