{ }
Symbol TSLA
Name Tesla, Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Automobiles & Components
Industry Automobiles
Market NASDAQ Global Select
Country United States
State CA
City Palo Alto
Zipcode 94304
Website http://www.tesla.com
The Dow Jones Industrial Average and major indexes showed mixed results following the November consumer price index, which met expectations. Tesla reached a record high with a 1.9% gain, while Nvidia climbed 0.9%. GameStop surged 5.8% after reporting a surprise profit, whereas Dave & Buster's plummeted 16% due to a significant fiscal loss and CEO resignation.
Venture capitalists express concerns that altcoin dominance may shift back to Bitcoin, yet Pepe, Dogecoin, and Rollblock continue to thrive. Pepe has gained 13% this week, bolstered by new exchange listings, while Dogecoin remains buoyed by Elon Musk's support, despite a recent dip. Rollblock is gaining traction with its innovative GambleFi platform, poised for significant growth as it progresses through its presale stages.
Donald Trump has appointed David Sacks as the White House AI and Crypto Czar, aiming to position the U.S. as a leader in both fields. Sacks will guide policy to foster innovation while addressing regulatory clarity for the crypto industry. Trump plans to repeal Biden's Executive Order on AI, advocating for development rooted in free speech and human flourishing.
The SEC has approved numerous Bitcoin ETFs, providing a regulated investment avenue for institutional investors, yet Bitcoin remains a speculative asset. Dogecoin, currently priced at $0.44, may reach $1 due to a crypto-friendly administration, but its lack of fundamentals raises concerns about sustainability. Despite a potential surge, a significant decline similar to 2021 is likely, as Dogecoin's value is driven by speculation rather than intrinsic worth.
The Magnificent Seven stocks—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla—showed significant year-to-date gains in 2024, with Nvidia leading at +183.2%. Despite strong earnings reports, Nvidia's stock recently reversed below key levels, while Amazon and Tesla reached new highs. Apple and Microsoft also reported earnings that exceeded expectations, though both provided cautious guidance for the upcoming quarters.
The Dow Jones fell 0.2% while the S&P 500 and Nasdaq gained 0.1% and 0.7%, respectively, led by technology stocks. Nvidia rebounded after a significant drop due to regulatory concerns, and Tesla rose 3.5% following an analyst upgrade. Oracle and C3.ai reported disappointing earnings, impacting their stock performance.
MicroStrategy's aggressive Bitcoin strategy has led to significant gains, with its stock surging 2,500% since 2020. However, as the company faces potential cash crunches from its $3 billion in convertible notes, its stock could plummet if Bitcoin prices falter, prompting investors to consider direct BTC exposure instead. With plans to raise $42 billion for further BTC purchases, the sustainability of MicroStrategy's approach remains in question.
The Dow Jones Industrial Average fell 0.4% as investors awaited key inflation data, while Nvidia rallied 1.6% after a previous drop, hovering near a critical support level. Oracle's shares plunged 9% following disappointing earnings, and Tesla gained 3%, extending its win streak. Key inflation reports are set for release this week, influencing market sentiment.
In a recent CNBC interview, Eric Trump advocated for crypto regulation to modernize banking, criticizing the inefficiencies of traditional systems, particularly the lengthy home loan process. He emphasized that blockchain technology could enhance banking efficiency and lower costs, urging the U.S. to adopt sensible regulations to remain competitive in the global crypto market. Trump also highlighted the potential influence of pro-crypto candidates in Congress and expressed optimism about Elon Musk's role in fostering innovation under the new administration.
Dogecoin (DOGE) has seen a recent price dip, trading around $0.41 after a 5.5% decline, yet analysts view this as a potential buying opportunity. With Elon Musk's influence in the upcoming Trump administration and his ongoing support for DOGE, there are optimistic predictions for its future growth, with targets reaching as high as $3 or even $18. The broader meme coin market has suffered, but DOGE remains resilient, bolstered by strong chart patterns and potential developments in its ecosystem.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.