“Is Elon’s brand damaging Tesla sales in the US? It’s directionally a negative.”

 “With these assets now operating under the same roof, we believe they can generate meaningful top-line and EBITDA growth via rights renewals, and synergies including maximizing gate performance, cross-pollinating across fan bases, sponsorships, and other cost efficiencies.”

 “UFC a 'best-in-class' entertainment play that is well-positioned to generate strong growth and margins — especially given its media rights expansion opportunity, sponsorship growth and compelling live events.”

 “Now coupled with WWE, TKO’s management can drive meaningful top-line growth, attractive margin expansion and significant free cash flow generation of more than $3.6 billion for the company between 2023 and 2026.”

 “We would expect mgmt to review its capital allocation strategy and look to authorize a share repo program or dividend plan.”