šŸš€ Tesla Losing Market Share

PLUS: Americaā€™s Biggest Nonalcoholic Beer Brand, Nikeā€™s Sales Are So Poor

Dear founder, hereā€™s your 3-minute recap (without the fluff):

  • AI Strategy Consulting*: Build a data-driven AI strategy for your business.

  • Tesla's dominance in the U.S. electric vehicle market slips below 50% for the first time (link)

  • Gen Z's growing interest in sobriety has helped Athletic Brewing, the largest non-alcoholic beer brand in the U.S., double its valuation to $800 million (link)

  • Nike brings back former executive to fix its retail partnerships as sales slump (link)

  • New tools, resources, funding updates & job postings

Feeling lost in the AI hype? Don't waste time on irrelevant tech. Our AI strategy consulting, built for businesses like yours, will help you:

  • Identify Your Perfect AI Fit: Ditch the jargon and discover powerful AI tools that directly address your needs.

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šŸ› ļø Tools

Growth School- Learn the 20 most powerful & insane AI tools on the internet. Join this FREE 3-hour Masterclass by Growthschool. Sign up here (100 free seats only!)

Ai4 2024 - Donā€™t miss North Americaā€™s largest AI industry conference, August 12-14 in Las Vegas (link)

Riffo - Rename messy filenames with one click using Riffo (More)

TxLabz - Hire and manage vetted developers in 48 hrs. that cost 30% less than the US equivalents. Start for FREE

Dextra - An AI-powered sales assistant that can help you save time and close more deals (link)

Framer - An AI-powered tool generates and publishes your site in seconds (link)

Ideogram.ai - A free tool that uses generative AI to turn text into delightful images, with no limits (link)

Brandwatch - Helps you understand your consumer data with the advanced AI analytics (link)

WebWave - An AI-powered website builder that allows you to create a professional website in just 3 minutes (link)

Desmos - A free online platform that provides teachers with high-quality digital activities to engage and support their students in math learning (link)

šŸ“š Resources

Elon Musk's masterclass in marketing (link)

50 pieces of advice after 5 years as an entrepreneur (link)

ā€œFacebook Employee Handbookā€ - Great read for founders (link)

10 highlights about Bernard Arnault to know (link)

PS. If youā€™re interested in this AI stuff, you should sign up for our other newsletter - Prompts Daily. It has 100,000+ readers (Executives, VCs, and engineers). Sign up with one click.

šŸ’° Funding

Volley raises $55M for voice-enabled AI games (link)

Fluently raised $2M in a seed round to fund its AI-powered English coaching platform (link)

šŸ’¼ Job Board

Staff Software Engineer at Pinterest (Remote)

Senior Solution Consultant at Genesys (US)

šŸ’Œ Etcetera

Build an AI strategy for your business

How air pollution impacts our brains

Top 10 highest-paid world leaders in 2024

How public universities hooked America on meat

New documentary shines a light on ultra-processed foods

Tiny worm with enormous eyes may have a ā€˜secret languageā€™

Arguments against dark matter in the Bullet Cluster fall apart

7 link-building tactics you need to know to skyrocket your website's rankings

If a Victorian historian had his way, there'd be a giant time capsule under Stonehenge

šŸ—žļø News 

Teslaā€™s Share of U.S. Electric Car Market Falls Below 50%

Tesla's share of the U.S. electric vehicle market has fallen below 50% for the first time, dropping to 49.7% in the second quarter. This decline coincides with a surge in overall EV sales, which reached a record 330,463 units. General Motors, Ford, Hyundai, and Kia are gaining ground, contributing to the market's growth.

Despite this, Tesla's stock remains strong, with a 3.7% increase. The company's aging lineup and the rise of competition from established automakers have contributed to the shift in market share.

Americaā€™s Biggest Nonalcoholic Beer Brand

Athletic Brewing, the leading nonalcoholic beer brand in the U.S., has doubled its valuation to $800 million following a $50 million equity financing round led by General Atlantic. The company plans to expand its brewing capacity and product range to meet the growing demand for nonalcoholic options, particularly among Gen Z consumers who are embracing sobriety.

Athletic Brewing's focus on quality and innovation has allowed it to outperform established beer brands in the rapidly evolving beverage landscape.

Nikeā€™s Sales Are So Poor

Nike has rehired Tom Peddie, a 30-year veteran, to help fix its faltering relationships with retailers. Peddie will serve as vice president of marketplace partners. The move comes as Nike struggles to revive its sales amid competition from new sneaker brands and a shift to a digital platform that has strained its ties with retailers.

Nike's sales have declined, with a 2% drop in Q4 revenue and an expected 10% dip in Q1 sales. The company had its worst trading day, losing $28 million in market capitalization, following its recent earnings report.

Thatā€™s it for now!

Hope you enjoyed this weekā€™s edition! See you next week.

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