Elon Musk shows off first Model 3; Brexit may cause pricier breakfasts; China’s richest man ends battle with Disney

Profitable Moment   Iceland is on fire Iceland is hot when it comes to tourism. This year the country expects to receive 2.2 million inbound visitors, an increase of more than 40% from last year. More than a quarter of the visitors come from the United States, brought mainly by either Icelandair or the low-cost carrier WOW. Both airlines are developing new routes to increase the transatlantic business, ferrying passengers between North America and Europe, with a transfer in Reykjavik.    Managing the huge increase in tourism isn't easy. Iceland's beautiful native tourism sites can't cope with the sudden influx of visitors. Even though much work is being done to build new facilities the strain is starting to show.   Iceland's tourism authorities want to even out the numbers by encouraging tourists to spread out across the country and by promoting winter and summer trips.   So far everything remains manageable and under control. The country is magnificent. It's a place you should visit if you can. Now Iceland must concentrate on making sure what is there remains unspoiled. And if that means turning away a few tourists in the short term while proper policies and sustainable strategies are not only planned but executed, then that's a price Iceland must be prepared to pay. -Richard.Quest@cnn.com  What's new... what's next   By Matt Egan, Patrick Gillespie, Julia Horowitz and Paul R. La Monica of CNNMoney 1. Brexit may lead to more expensive breakfasts Fancy a full English breakfast of toast, bacon, sausages, eggs, hash browns, tomatoes, mushrooms and baked beans? KPMG says it may cost 13% more if the U.K. leaves the EU without a new trade deal because the WTO would set new tariffs. Morning staples like orange juice and beans -- as well as olive oil used to fry everything up -- could go up the most since they are not easily found in the U.K. and must be imported. The weaker pound doesn't help either. 2. Air India ditches meaty meals to save money Air India has announced its latest cost-cutting measure: Meatless meals. The struggling airline said Monday that it's slashed meat from economy-class meals on domestic flights to "reduce wastage" and save money. The carrier has been struggling to compete in the country's competitive and fast-growing aviation market, requiring a $4.5 billion government bailout in 2012 to stay in the skies. 3. China's richest man ends battle with Disney China's richest man is selling hotels and theme parks worth more than $9.3 billion as he steps back from plans to beat Disney. Wang Jianlin once compared his theme parks to "a pack of wolves" ready to crush Disney's business in China. Wang argued that the sales will help lower the theme park company's balance sheet, which is debt ridden. The sale may be the end of Wang's attempt to export his model of Chinese entertainment abroad.  4. Elon Musk is the proud owner of a Model 3 It's only fitting that Tesla's first Model 3 is getting driven by the company's visionary CEO. There's a very long wait for Tesla's first mass market electric car. Musk jumped to the front of the line when a board member who had dibs on the first car gifted it to Musk for the CEO's 46th birthday. Tesla is now scrambling to dramatically ramp up output of the popular Model 3. The ambitious goal is to go from making 100 cars in August to 20,000 in December.  5. Quick Takes: Qatar wants monetary compensation for damage done by Arab embargo Ready for Amazon Prime Day? And Amazon takes on Best Buy's Geek Squad Wells Fargo victims get closer to payback thanks to $142 million settlement Abercrombie & Fitch scraps plans to sell itself, and the retailer's stock plunges 6. What's next: Will Pepsi 'pop' after earnings? Pepsi is set to reveal quarterly numbers before Tuesday's opening bell, making it one of the first big name companies to do so this earnings season. Wall Street is on guard for signs that more health-conscious U.S. consumers are shying away from Pepsi's sugary drinks and snacks like Doritos and Cheetos. America has lots of job openings: After the strong June jobs report on Friday, another gauge of the labor market is due out at 10 a.m. ET on Tuesday. The JOLTS report for May will detail how many job openings there are in the U.S. and whether Americans have become confident enough to quit their current positions in search of better ones. Make this newsletter better. Please send us your feedback to CNNMoneyfeedback@turner.com Share Tweet Forward Sign up for CNN Money's morning markets newsletter: Before the Bell Sign up for CNN Money's closing markets newsletter: Markets Now Copyright © 2017 Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved., All rights reserved. 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