GM. This is Take Off. We're like that unexpected tax refund - pleasantly surprising, rewarding, and making your life just a little bit better.

Here's what we're serving up today:

• Git Commit -m “Increase Stock Price” 📈

• GM Joins Hands with the OG EV King - Tesla 🤝

• Asteroids ☄️

• Futuristic Fridays 🔮

Git Commit -m “Increase Stock Price” 📈

GitLab is soaring high in the financial cosmos after reporting some seriously stellar Q1 results.

Tuesday had GitLab smiling ear to ear, as their shares took a 31% spacewalk - their best day since their 2021 Nasdaq debut.

The Numbers Don't Lie

GitLab reported revenue of $126.9 million for Q1, that’s a 45% jump from last year.

Now, we're not math wizards, but we're pretty sure that’s not pocket change.

• While they've been making it rain financially, GitLab decided to crank up the heat and raised the price for its premium tier from $19 to $29 per user per month.

• Now, if you think GitLab is stopping there, you're sorely mistaken. They're about to enter the world of generative AI with an add-on of only $9 per user per month.

The Boss is Back and Better

In other news, GitLab's CEO, Sid Sijbrandij, shared that he’s healthy and raring to go after his treatment for osteosarcoma.

The man's not just back at the helm, he's ready to sail this ship to uncharted territories!

Are There Challenges? Sure.

Let's not paint too rosy a picture, though. There are still a few clouds on the horizon. Customers have been buying fewer seats and sales cycles took a tad longer than usual last quarter.

But hey, Rome wasn't built in a day, and neither will be GitLab's empire.

GM Joins Hands with the OG EV King - Tesla 🤝

Well, well, well, look who’s joining the Tesla fan club! General Motors (GM) is following in Ford's tire tracks, joining hands with the electric vehicle czar, Tesla, to use its North American charging network and technologies.

It’s like seeing the high school quarterback finally admit that the nerdy kid's science project is actually really cool.

Here's the 411: GM is going to start installing the same charging ports that Tesla uses, known as NACS (North American Charging Standard), in its EVs starting from 2025.

Currently, the industry standard is the CCS, but it seems like GM and Ford are all aboard the Tesla Express.

• Tesla isn't just sharing its charger tech for charity; they'll make a pretty penny from selling energy to these other automakers which is estimated to be $1-$5 Billion annually.

• GM is expected to save up to $400 million from a previously announced $750 million investment to build out EV charging.

The wolfs loved the new friendship as they shot up the stock of both companies, sending Tesla’s stock its 2023 high!

• Tesla (NASDAQ:TSLA) was up 5% in after-hours trading.

• GM (NYSE:GM) was up 3.77%.

Most importantly, this is a major win for the EV revolution. While most automakers have struggled to build out their own charging networks, Tesla has been building a fortress.

☄️ Asteroids ☄️

Mercedes first to sell vehicles in California with hands-free, eyes-off automated driving.

As Twitter's blue checkmark purge continues, even the Pope loses his verified status – but LeBron James still got game! 🏀🔵 Musk's playing favorites, footing the bill for a few lucky stars, but other celebs like Beyonce and Bill Gates can kiss their checkmarks goodbye. 💸💔

BuzzFeed News is calling it quits, shutting down its once Pulitzer-winning news division as the company struggles with a pandemic, market woes, and changing audience habits. Seems like the social media hype train has left the station for greener pastures, like TikTok dances and YouTube videos. 🚂💨📰💔

🔮 Futuristic Fridays 🔮

Building telescopes on the Moon is becoming an achievable goal. The Moon is turning into the hottest astronomical hangout, with various missions set to visit by the end of the decade. It's not just a science party, though; lunar exploration offers a prime platform for astronomy, especially radio astronomy, from the Moon's "radio-quiet" far side. 🌚🔭🎉

After a decade of sweating it out, Virtuix's VR treadmill, Omni One, is finally ready to ship! Turns out, Spielberg's $175 million film and a $1.1 million Kickstarter campaign were just the warm-up. With a hefty $2,595 price tag, this treadmill will have you running (in place) to experience virtual reality like never before. 🏃‍♂️🕶️💸

Mach 9, anyone? Venus Aerospace is working on a hypersonic aircraft that'll have you zooming around the globe at over 11,000 km/h, making "anywhere in an hour" a reality. Forget the Concorde, this baby will take you halfway to space before serving you dinner! 🚀🌏💨

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