Construction to impact traffic on Business 49 in Newton County
Newton County motorists can expect delays and lane reductions on Business 49 (Gateway Drive) between Delmar Lane and Duane Lane south of Joplin on Wednesday, May 14, from 6 a.m. to 6 p.m.
Construction to impact traffic on Business 49 in Newton County
Community playground opens in Granby sports complex
Six months in, Joplin police see success with Co-Responder program
Vita Nova Village gets approval from Joplin Planning and Zoning committee
Memorial ceremony held for Hank Rotten, Jr.
Contractor crews will be repairing pavement. One lane will remain open, with flaggers directing traffic.
Drivers are urged to use caution, expect delays, and consider alternate routes. No signed detours are planned.
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"Pebble Beach is the annual health check on the market," said Simon Kidston, a classic car advisor and dealer. "Everybody waits to see what happens at Pebble Beach before committing to a major decision the rest of the year." Like the art market and other types of collectibles, classic cars have been in slow decline since the pandemic rally in 2021 and 2022. Collectibles prices are down 2.7% over the past 12 months, according to the Knight Frank Luxury Investment Index. Classic car prices are down 0.2% overall – better than the 20% drop in the art market but not as strong as jewelry (up 2.5%) or coins (up 13%). Classic car dealers and auctioneers blame global uncertainty, with wars in Ukraine and the Middle East, along with weakness in China. Higher interest rates are also a factor, raising the opportunity cost of buying a classic car, since risk-free cash still earns over 4% or more. Some also point to a surging stock market for the past three years, which makes collectibles relatively less attractive. The Inside Wealth newsletter by Robert Frank is your weekly guide to high-net-worth investors and the industries that serve them. Subscribe here to get access today. Yet experts say the biggest reason for the classic car slowdown is a generational shift. Baby boomers, who have powered the classic car market for decades, are aging out or downsizing. The new generation of millennials and Gen Zers, who are coming into wealth and collecting, want newer and fewer collectible cars. The shift is expected to accelerate as an estimated $100 trillion is passed from older to younger generations, giving fuel to the new breed of collector. "It's a big rotation," said McKeel Hagerty, CEO of Hagerty, the classic car insurance, auction and events company. "Some of the older-guard collectors are framing it, 'The market is soft at the top end.' But here's a lot of depth in this market. It's just rotating to younger buyers and newer cars." That rotation has left the market for 1950s and 1960s cars with oversupply and falling prices. Many baby boomers are trying to clear their garages and sell, while others are passing their cars on to their kids, who often don't share the same passion. Gooding & Co. is selling three Ferrari 250 GT California Spiders this week, including the most expensive lot of the week, a 1961 250 GT SWB California Spider with an alloy body and original hardtop estimated at over $20 million. "Cal Spiders," as they're known, were made famous in the movie "Ferris Bueller's Day Off," have long been a rare and special sighting at auctions. Seeing three at the same auction series is highly unusual. Kidston said the alloy body Cal Spider would have likely fetched $25 million to $30 million a few years ago. "It's one of the great road cars of all time," he said. 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Millennials and Gen Zers are bidding up prices for rare cars from the 1980s, 1990s and 2000s. They also prefer cars that are more affordable and practical. Rather than keeping a $10 million 1962 Ferrari 250 GT SWB Berlinetta locked up in a private Garage Mahal, the new breed wants post-1980s Porsches, BMWs and later-model Ferraris they can enjoy every day and not have to constantly repair. Along with affordable exotics, young collectors are also paying up for supercars, especially rare and highly specific Paganis, Bugattis and Rufs, the boutique German builder. A 1989 Ruf CTR "Yellowbird" sold in March for a record $6 million at Gooding & Co. at the Amelia Island sales. Two years ago, the average model year of the cars being sold at Pebble was 1964. This year it's 1974, which still underestimates the bar-bell distribution of cars from the 1950s at one end and the 1980s and 1990s cars at the other. 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Here are the top lots from Monterey Car Week, compiled by Hagerty: Sold by Gooding & Co., estimated at more than $20 million Sold by RM Sotheby's, estimated at $8.5 million to $9.5 million Sold by Gooding & Co., estimated at $8 million to $10 million Sold by Gooding & Co., estimated at $8 million to $10 million Sold by Gooding & Co., estimated at $7.5 million to $9 million Sold by Bonhams, estimated at $7 million to $9 million
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To listen to Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk, the sky is truly the limit. The company head made some bold pronouncements on the company's Q2 earnings report last month, such as the prediction that 'we will probably have autonomous ride-hailing in probably half the population of the US by the end of the year.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Of course, world-changing ambitions are nothing new for Musk, who has made no secret of his designs of making Tesla the most valuable company in the world. Many investors are happy to go along for the ride, though it has been a bumpy one over the past year. While TSLA's share price is up 71% over the past twelve months, 2025 has seen its shares of ups and downs and it has fallen 16% for the year. Indeed, Musk's declining popularity across large swaths of the U.S. and Europe – key markets for Tesla – drove EV sales down during the first half of the year. Despite the eye-watering figures of the technologically ambitious projects, one investor known by the pseudonym Hunting Alpha is latching onto the real-world numbers. The investor believes that these provide plenty of reasons for why TSLA is a no-go zone for now. 'I continue to be bearish on the stock due to mounting challenges in its current business and seemingly overoptimistic expectations on new developments,' explains Hunting Alpha. The investor cites the expiration of the EV tax credits, which add another pressure point for declining sales figures. Though Hunting Alpha does acknowledge that there could be a sequential increase this quarter as consumers rush to buy EVs before the $7,500 cushion goes away – CFO Vaibhav Taneja encouraged buyers to 'place your order now' – the investor anticipates a 'sharp demand slowdown' in the months that follow. Another cause for concern is the 'robotaxi dream,' which the investor believes is a bit farther out on the horizon than bulls might be hoping for. Take Musk's pronouncement that the company will available for half the U.S. by the end of the year. Currently, Hunting Alpha points out, Tesla is present in just two major regions – Austin, Texas and the San Francisco Bay Area – which are home to roughly 9 million people. 'Going from 9 million to 174 million in just 5 months seems rather unrealistic to me,' emphasizes Hunting Alpha, who reminds investors that there some 347 million Americans. While the future might be bright, it's just not enough for Hunting Alpha at present. 'I cannot ignore the headwinds in its current business,' concludes Hunting Alpha, who rates TSLA a Sell. (To watch Hunting Alpha's track record, click here) Wall Street, however, sees the bull and the bear case, as well as the more neutral middle ground. With 14 Buys, 15 Holds, and 8 Sells, TSLA holds a consensus Hold (i.e. Neutral) rating. Its 12-month average price target of $307.23 has a downside of ~9%. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
