Quick Overview Tesla’s revenue dropped 9% in Q1 2024, hitting $21.30 billion versus the expected $22.15 billion. Optimistic updates include accelerated timelines for new, affordable EVs and a rise in stock by 13%. Strategic shifts point to licensing the FSD system and launching a robotaxi service to expand Tesla’s impact. Tesla, the trailblazer in electric …
Tesla’s Challenging yet Innovative Start to 2024 Read More »
Quick Overview Strategic Shift: Tesla pivots from Model 2 to developing a robotaxi program, redefining it as an AI/robotics company Financial Impact: 2024 sees a significant EPS drop to $2.66, reflecting challenges and adjusted future projections Innovative Push: Plans to unveil robotaxi on August 8, 2024, marking a key step in autonomous vehicle technology 2024 …
Tesla’s Strategic Pivot to AI and Robotics in 2024 Read More »
At a Glance Lawsuit Filed Against SEC: The NCLA has sued the SEC, challenging the Consolidated Audit Trail (CAT) for allegedly collecting personal data unlawfully Privacy and Legal Concerns: Critics claim the CAT violates the Fourth Amendment by collecting extensive personal data without proper authorization SEC’s Stance and Financial Impact: The SEC defends the CAT’s …
Quick Overview: Economic Growth vs Inflation: Powell noted solid growth and a strong labour market but acknowledged inflation remains above the 2% target at 3.5%; Interest Rate Strategy: Current rates have held steady at 5.25-5.5% since July 2023, reflecting a cautious approach amid economic uncertainty; Market Reactions and Outlook: Immediate market responses to Powell’s remarks …
Fed’s Powell: US Economic Forecast and Inflation Challenges Read More »
Quick Look Non-seasonally adjusted PPI surged six point two per cent in March; seasonally adjusted only rose one point nine per cent. Core PPI rose two point eight percent in March; services and goods sectors show robust growth. Nasdaq jumped one point seven per cent; tech giants like Apple and Nvidia saw over four per …
Quick Look: Dow Jones up 0.4%, S&P 500 and Nasdaq dip slightly. 10-year Treasury yield stable at 4.64%. China shows 5.3% growth in Q1, strong in sales and production. Mixed corporate earnings; tech and automotive sectors face challenges. Market sentiment is cautious; investors are advised to stay alert and informed. Indices Update: Contrasting Movements in …
Quick Look: Trump Media shares fell 62% from the initial price of $26.61. Stock warrant exercise could raise $247.1M amidst heavy resale plans. Legal proceedings and stock lockup expiries add market uncertainty. Analysts are critical of stock’s detachment from financial realities. The future of Trump’s ventures like Truth Social appears unstable. This past week has …
Quick Look Bill Smead predicts two significant bear markets soon, echoing early 2000s patterns. Rising inflation is altering investment landscapes, warns Smead. High valuations of growth stocks signal potential downturns. The shift in investment focus is recommended towards sectors like oil and gas. Despite expert caution, investor sentiment remains optimistic. As investors navigate the choppy …
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