Gordita To Go

Fly Charts: Taco Bell Delivery and Amazon's Next Targets

From Tesla adjustments to downturn forecasting, here are four charts that tell you what you need to know in business today.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Tesla adjustments to downturn forecasting, here are four charts that tell you what you need to know in business today.

It's What's For Dinner

The parent company of Pizza Hut, KFC, and Taco Bell is making a smart and forward-thinking bet on the future of delivery.

Source: Company reports

Not 'Fantastical'

Amazon is coming for FedEx and UPS. It's a matter of when, not if.

Source: Amazon securities filings

Note: The figures include both cash capital expenditures and property and equipment added under capital leases and other financing arrangements.

Free, Three Ways

Tesla's cash burn was surprisingly low in the last quarter of 2017. But only if you let some rather questionable adjustments slide.

Source: Tesla reports, Bloomberg Gadfly analysis

Note: Headline cash burn is cash from operations less capex. Adjusted figure subtracts changes in customer deposits and adds payments for solar-energy systems. ZEV contributions assume 95 percent gross margin.

How Low Can It Go?

"Add it all up, and a reasonable floor for stocks isn't much lower, about 2 percent, which could be why they were rallying on Friday. That doesn't mean stocks will indeed stop their sell-off."

Source: Bloomberg

And don't miss Mark Gilbert on Rip Van Stocktrader: "Imagine if Rip Van Stocktrader had slumbered through January and woke up today. A bit groggy, he'd check Thursday's closing price for the MSCI World Index and, after a bit of mental arithmetic, work out that the stock market is down a tad more than 3 percent so far this year. "Nothing to worry about," he'd say as he started to make breakfast."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Max Nisen in New York at mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE