Jeff Yastine, the Editor of Total Wealth Insider at Banyan Hill Publishing, has written about the changing economy and specializes in creative changes in businesses, such as the merger between Amazon and Wholefoods and his incites on the future of Tesla, the car company.
I took plenty of heat back in June when I said the Amazon-Whole Foods merger “would be a surprising setback for the internet giant.”
— Jeff Yastine (@Jeff_Y_Guru) December 12, 2017
Amazon took a big risk by entering into with both feet, the retail food market in its merger with Whole Foods. Those that regularly shop at Whole Foods are members of an elite organic cult and are rabid Whole Food’s customers. If Amazon attempts to normalize the Whole Foods brand, which makes Whole Foods unique, it may lose its cult followers and would threaten the success of the merger, by diminishing of the Wholefoods successful brand.
Wholefoods’ customers have already complained, on the social media, about the quality of the food, especially the fruit, noticing mold and fruit flies. On the other hand, Amazone has made significant cuts in Wholefoods prices, known for its very high food costs, much appreciated by its customers. Visit Jeff Yastine at medium .com to know more.
However, the recent merger has not made other significant changes, and it is rumored that the Wholefoods expansive square footage may be converted into food warehouses, and the food may be delivered to its consumers. Professional food shoppers have created a new niche for consumers who are too busy to shop for themselves.
Tesla, guided by its CEO Elon Musk, has invented a cutting-edge, environmentally friendly electric car. In order to achieve this worthy means of making gasless transportation, it was necessary for Tesla to create new battery technology and an electric powertrain. As a result, Tesla, in 2008, introduced its electric Roadster. More info at Talk Markets
However, in 2017 Tesla’s third-quarter earnings dropped precipitously. But its Models S and X sales are predicted to set a sales record. Tesla is looking to China to revitalize its business.
According to Jeff Yastine, Tesla’s financial success is not in the car busy but the energy storage business. Yastine states that Tesla’s revolutionary battery can be reconfigured into a power grid to support the electrical needs of a nation. Evidence of this new source of power, complimenting solar and wind sources of energy, is Tesla’s revitalizing the power industry in Australia, and not the car industry.
Banyan Hill has been publishing since 2015 with the leadership of Jeff Yastine. Jeff Yastine is a stock market investor bring is vast financial knowledge to Banyan Hill. He anchored PBS ‘s Nightly Business Report from 1994 till 2010 and had associated himself with successful financiers and entrepreneurs. He is known for his research and commentary on America’s weak and troubling infrastructure. In 2007, he was nominated for an Emmy Award in the area of Business and Financial Reporting on the need for new roads, bridges, and dams.