{ }
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
Dogecoin (DOGE) is showing a price pattern reminiscent of its 2021 surge, with a potential 85% rally targeting $0.75 by January 2025. Currently consolidating between $0.39 and $0.48, whale accumulation has reached an all-time high, indicating strong investor confidence, further fueled by Elon Musk's influence and recent developments linked to the cryptocurrency.
SEC Chair Gary Gensler has reopened an investigation into Elon Musk's Neuralink, demanding a monetary settlement or facing multiple charges. Musk's attorney, Alex Spiro, claims the SEC has harassed Musk for six years and questions the motivations behind the investigation, asserting they will not be intimidated. The SEC's scrutiny follows allegations of misleading investors regarding the safety of Neuralink's brain implant technology, amid claims of animal welfare violations during testing.
The cryptocurrency market surged following Trump's election win, with XRP soaring 362%, Dogecoin up 139%, and Bitcoin climbing 41%. XRP's potential hinges on regulatory clarity after a lawsuit, while Dogecoin's value remains speculative despite recent gains. Bitcoin, viewed as a digital gold, is gaining institutional traction, with ambitious price targets suggesting significant long-term upside.
ChatGPT and Google Gemini have made predictions about Dogecoin's price following Donald Trump's inauguration in January 2025, fueled by rising investor optimism after his election victory. ChatGPT suggests three scenarios: a price of $0.84 with a $125 billion market cap, $1.35 at $200 billion, and $3.37 if it reaches $500 billion, contingent on pro-crypto policies and market sentiment. Conversely, Google Gemini forecasts a price range of $1 to $2 in a bullish market, $0.50 to $1.00 with continued support from Elon Musk, and $0.75 to $1.50 if favorable regulations emerge. In a bearish scenario, it could drop to $0.25 to $0.35.
Chinese shares declined, primarily due to weakness in property stocks, as investors reacted to the recent economic agenda-setting meeting. While there were indications of efforts to enhance consumption, the lack of new policies aimed at stabilizing the housing market left many concerned.
Global markets faced a downturn this week as rising government bond yields followed the US inflation data and the ECB's hawkish rate cut. European stocks showed mixed results, with consumer stocks rallying amid hopes for Chinese stimulus, while US markets were mixed, led by gains in technology shares despite losses in most sectors. In China, stock markets rallied on expectations of further stimulus measures.
Step Finance has acquired Moose Capital, rebranding it as Remora Markets, to enhance its presence in the Solana blockchain ecosystem. This new platform will offer fractionalized traditional financial assets, such as shares of Nvidia and Tesla, directly on-chain, while addressing challenges like high brokerage fees and slow transactions. Registered in multiple jurisdictions, Remora Markets aims to attract traders with its unique position as the only marketplace for Real-World Assets on Solana, contributing revenue to Step Finance’s $STEP token buyback program.
Vancouver City Council has approved a motion to explore the integration of Bitcoin into its financial operations, aiming to assess its potential as a hedge against inflation and currency debasement. Mayor Ken Sim emphasized the initiative's exploratory nature, highlighting Bitcoin's decentralized attributes and historical performance. The motion directs staff to investigate accepting BTC for city taxes and fees, and the feasibility of incorporating it into the city’s financial reserves, with a report due by the end of Q1 2025.
Bitcoin recently surpassed $100,000 amid expectations of relaxed crypto regulations, as Trump prepares to return to the White House and appoints David Sacks as the AI and crypto czar. Sacks will guide policy to enhance America's competitiveness in these sectors while Paul Atkins is nominated to lead the SEC, aiming for clearer regulations in the crypto space. Trump's administration plans to repeal Biden's AI executive order, promoting innovation and positioning the U.S. as a global leader in cryptocurrency.
Tech giants like Amazon and Microsoft face pressure to adopt Bitcoin as a hedge against inflation, with proposals suggesting reallocating cash reserves into the cryptocurrency. However, concerns over volatility, environmental impact, and the potential diversion from core business strategies may deter such moves. While Amazon's innovative reputation could lead to a different shareholder response than Microsoft's conservative approach, the risks associated with Bitcoin remain significant.
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