Tesla launched its own line of "Tesla Tequila" on Thursday, making good on the CEO's promise for the company to start selling its own brand of liquor.

The drink, which retails for $250 on Tesla's website, comes in a lightning-shaped bottle and is produced by Nosotros Tequila, a spirits brand in Southern California….

The project has been in the making for years.

This latest news of Musk’s time well spent certainly has David Einhorn excited.

"Market behavior like this is emblematic of the mania surrounding a small universe of story and other tech stocks,” he said on the call…. “It is our view that we are now in the early stages of the bubble popping,” Einhorn said on the earnings call this week.

Of course, Elon can’t hear him: He’s passed out after a night of celebrating with Teslaquila and some other substances.

Supplies of the product quickly sold out on Thursday, even as orders were limited to two bottles each and only made available to customers in certain US states…. Tesla shares have been on a tear this year, shooting up more than 420%.

Tesla just rolled out its own tequila. It’s already sold out [CNN Business]
David Einhorn calls out Tesla ‘mania,’ teases new short positions, and say the tech bubble is already popping [BI]

Mexico's Jose Cuervo, the world's biggest tequila producer, has delayed its planned initial public offering and will wait until after the U.S. presidential election before going ahead, three people familiar with the matter said on Wednesday.

Well WAY TO GO, you navel orange-looking dreamkiller!

Speaking on condition of anonymity, the three people said concern about market volatility around the Nov. 8 U.S. election meant that Cuervo had decided to postpone the listing, which they said had been scheduled for this month.

You fucked up a tequila IPO almost as bad as two-thirds of your older children! Do you know how badly the markets needed a tequila IPO? Do you? If the PR folks over at Cuervo had handled it correctly, people could have gotten shit-faced enough after the open bell to buy shares in Deutsche Bank, or even Etsy (we miss you, Etsy)!

Oh, are you going to deny this was you?!?!

The U.S. election campaign has roiled markets in Mexico, with some investors apprehensive about the consequences in the event of a win by Republican White House candidate Donald Trump, who has fired off a series of verbal broadsides against Mexico and its economy.
Trump has vowed to build a wall on the border with Mexico that he says he would make Mexico pay for and threatened to scrap the North American Free Trade Agreement if he wins, as well as berating U.S. firms that invest in Mexico.

Yeah, so thanks a lot. We almost had a fun IPO to snark about in a dry and boring IPO environment. But then you had to go and make things weird with the neighbors.

DAMMIT! You think this job is easy?!?!

It almost makes us want to go out and get drunk. But not on Cuervo, that stuff's nasty.

Getting into U.S. election spirit, Jose Cuervo postpones IPO: sources [Reuters]

And if you're James Gorman - staring down a 53% drop in profit during Morgan Stanley's first quarter, laying off a sh!t-ton of people and dealing with soap operas in your own C-Suite - you could be excused for replacing your water cooler with a frozen margarita machine.

So, it's maybe no surprise that these two men in desperate need of a stiff drink or twelve would look at the troublingly sober IPO market and start dancing like Pee Wee Herman.

Jose Cuervo, a brand of tequila that is over two centuries old, is preparing for an I.P.O., according to people with knowledge of the matter.
The family-owned Mexican company is working with JPMorgan Chase and Morgan Stanley to prepare for the deal, said the people, who asked not to be named because the process is still private.

And according to The Times, it seems like this IPO could turn agave into billions.

The initial offering of stock could raise about $750 million, the people said. Jose Cuervo has not decided whether it will list in the United States, Britain or Mexico, one of the people said.

Somewhere, someone in private equity is already looking to structure a deal between a salt mine and a lime orchard.

Jose Cuervo Said to Be Making Arrangements for an I.P.O. [NYT]