BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B

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What record-breaking sale did the Boston Celtics achieve?

Neal Freiman 0:01
Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Kyle Hagee. Today, an NBA franchise set the record for the most expensive sale in pro sports history.
Kyle Hagee 0:11
And the U.S. hits its lowest ranking ever in the World Happiness Report. It's Friday, March 21st. Let's ride. Let's ride.
Neal Freiman 0:23
Kyle's here. Manu Ginobili, sixth man of the year, is back to fill in for Toby today. Kyle, how are you feeling this Friday?
Kyle Hagee 0:31
I'm feeling great. It's good to be back in the Manu Ginobili spot.
Neal Freiman 0:35
So ever since buy now, pay later, giant Klarna filed for an IPO last week. It's been inking partnerships left and right. And its latest move yesterday raised a lot of eyebrows and led to a lot of jokes. It made a deal with DoorDash to put its payments tech into the delivery app.

How is Klarna changing the way we pay for food delivery?

Neal Freiman 0:52
So now you will be able to pay for your DoorDash burrito or Pad Thai in four equal interest-free installments or even defer payments until what Klarna calls a more convenient time. Kyle, are you on board with eat now, pay later?
Kyle Hagee 1:06
I think I'm on board. I feel like I'm doing something wrong. My Grubhub orders, my DoorDash orders, they've never been that big. Like, should I be ordering more stuff? And I need to be hitting like triple digits here.
Neal Freiman 1:18
no that's not i don't think that's the wild here it's just to establish clarna as the go i mean yes this is the business strategy behind it to establish clarna as sort of the go-to payments portal that you go to whenever you buy anything doesn't matter the size but obviously the size of uh the order of what you typically do on doordash is not that big which led to you know a huge social media uh joke fest around this news yesterday
Kyle Hagee 1:43
I'm going for over $100 on Taco Bell later today.
Neal Freiman 1:46
All right. Before we jump into the show, a quick word from our sponsor, Sophos. Kyle, I have a question for you. Do you ever feel stretched a little too thin?
Kyle Hagee 1:55
The days where I wake up early with the Morning Brew Daily crew are certainly longer than others.
Neal Freiman 1:59
I hear that. Well, whenever you need a little extra backup, Sophos is there. They make sure your cybersecurity is locked up tight.
Kyle Hagee 2:06
Now that you mention it, I do remember you and Toby talking about the importance of defense and offense yesterday.
Neal Freiman 2:11
Exactly. With Sophos, no matter your business's size, you get enterprise-grade technology and real-world expertise always in sync, always in your corner, playing zone defense or full-court press.
Kyle Hagee 2:23
Okay, someone watched 12 hours of basketball yesterday.
Neal Freiman 2:25
That is true. Don't sacrifice your peace of mind as you grow your business. Visit Sophos.com for more. That's S-O-P-H-O-S dot com. Well, I think this is a first, but because there's such big stories, we're kicking off our Friday show with Stock of the Week, Dog of the Week, the segment where Kyle and I pick one stock that's got McNeese state-level aura and another that got bounced in the first round. Today, we're doing a two-for-one special, kind of like pert shampoo and conditioner. Our Stock of the Week is Chinese electric vehicle giant BYD, and our dog is its U.S. rival, Tesla. BYD shares soared to a record high this week after making an astonishing claim. It said it had developed a new charging system that could add nearly 300 miles from five minutes of charging or about how long it takes to fill up a tank of gas.
Neal Freiman 3:16
This ultra-fast charging innovation was called a game changer by experts and rocked the auto world. Solving the problem of range anxiety and long charging times could convince more shoppers to choose BYD over competitors in China, the world's biggest market for EVs. As for Tesla, the company may be in its most turbulent stretch in its history. It issued another Cybertruck recall, number eight. Sales are in reverse. Sometimes violent protests have erupted across showrooms and charging stations, and major investors and analysts are calling for drastic changes as CEO Elon Musk emerges as the public face of the Trump administration. Shares are down nearly 5% this week, and they've fallen nearly 40% this year, the worst performer in the S&P 500. But let's start with BYD.

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