{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Tesla's stock surged 22% after reporting third-quarter earnings, despite automotive revenue rising only 2% year-over-year and challenges in maintaining profit margins. Hedge fund manager Paul Wick criticized the stock's rebound as disconnected from the company's weak fundamentals, including declining market share and regulatory scrutiny. Wick noted that Tesla's market share of EVs in the U.S. has fallen below 50%, with sales in California declining for three consecutive quarters, while the Cybertruck faced multiple recalls. Despite the stock's recent performance, he remains skeptical about its sustainability given the dire fundamentals.
In the lead-up to the U.S. presidential election, Donald Trump claims several Silicon Valley CEOs, including Google’s Sundar Pichai, Apple’s Tim Cook, and Meta’s Mark Zuckerberg, have reached out to him, expressing support after a recent assassination attempt. Elon Musk has notably endorsed Trump and become a significant donor, while Jeff Bezos also reportedly contacted Trump despite their contentious history. These interactions suggest a shift in the tech leaders' approach as they prepare for a potential Trump victory.
The US presidential election campaign is projected to cost $5.5 billion, with significant contributions from billionaires like Elon Musk and Timothy Mellon supporting Trump, while Kamala Harris has backing from more billionaires, including Michael Bloomberg and Bill Gates. Fundraising tactics have raised concerns, particularly regarding misleading practices that have exploited elderly donors, leading to substantial unintentional contributions. Despite Trump's billionaire support, Harris has outpaced him in fundraising, especially from small donors, highlighting a stark financial contrast between the two campaigns.
Solar and wind power are increasingly dominating new power installations due to their declining costs. Reports indicate that renewable energy technologies are projected to become significantly cheaper than fossil fuels by 2060, with substantial reductions in Levelised Cost of Electricity (LCOE) across various regions, including APAC, North America, Europe, Latin America, and the Middle East and Africa. As these technologies mature, they are set to reshape energy markets and promote sustainability globally.
October PMI data reveals mixed sector performance, with the US Composite PMI rising to 54.3, driven by services, while manufacturing continues to contract. In the Eurozone, the PMI index slightly improved to 49.7, indicating ongoing challenges in manufacturing despite a modest slowdown in the decline. On the corporate front, Tesla exceeded expectations with a net income of $2.18 billion, while Galenica in Switzerland reported a 4.1% sales increase, outperforming the pharmaceutical market's 2.9% growth, largely due to anti-cold medicine sales.
UBS has initiated coverage of Standard Aero Inc (NYSE: SARO) with a Neutral rating and a price target of $34.00, citing growth potential from aging aircraft fleets and key engine platforms, despite concerns over high valuation multiples. The company recently completed an IPO, raising $1.201 billion, while RBC Capital and JPMorgan have given more optimistic ratings, projecting significant sales growth in the engine maintenance sector. However, Standard Aero faces financial challenges, including a negative EPS and weak gross profit margins, which contribute to UBS's cautious outlook.
Tesla shares surged to a new October high, closing the week with a 22% gain after strong quarterly results led to a 21.9% jump on Thursday. The stock reached USD 269.19, with resistance at USD 271.00 and potential targets up to USD 299.29, while support levels are now at USD 265.13 and USD 264.86.
The Volkswagen ID. Buzz, an all-electric minivan, is now available in the US, starting at $59,995, but lacks federal tax credit eligibility due to its German manufacturing. While it offers unique features and a nostalgic design, it faces stiff competition from more affordable electric SUVs with better performance and range. The minivan market is shrinking, raising questions about the ID. Buzz's appeal amidst numerous superior alternatives.
Elon Musk has reportedly been in regular contact with Vladimir Putin since late 2022, discussing personal, business, and geopolitical issues. This revelation raises concerns about Musk's influence and potential conflicts of interest, especially given his ties to U.S. military contracts and ongoing federal investigations into his companies. Meanwhile, former President Trump has maintained multiple conversations with Putin since leaving office, further complicating the political landscape.
Elon Musk reportedly worked illegally in the U.S. during the 1990s while attempting to build his startup, Zip2. After arriving in Palo Alto in 1995 to attend Stanford University, he never enrolled and instead focused on developing his software company, which sold for approximately $300 million in 1999. Immigration law experts indicated that Musk would have needed to be enrolled in a full course of study to maintain valid work authorization as a student.
Elon Musk
People
D. E. Shaw Adviser LLC
UBS AG
Caxton Associates LP
Bloomberg
Tesla, Inc.
USA
Paul Wick
Elon Musk
Vaibhav Taneja
Show more
19:50 28.10.2024
Amazon.com, Inc.
Aqua Metals, Inc.
Apple Inc.
Google Inc.
Tesla, Inc.
Jeff Bezos
Sundar Pichai
Tim Cook
Mark Zuckerberg
Elon Musk
Show more
19:08 28.10.2024
United States Dollar
Wall Street Journal
Wesleyan Media Project
Microsoft Corporation
USA
Bill Gates
Elon Musk
Donald Trump
Michael Bloomberg
Kamala Harris
Show more
18:34 28.10.2024
16:55 28.10.2024
12:00 28.10.2024
UBS AG
RBC Capital Markets
JPMorgan Chase & Co.
Standard Aero Inc
USA
Kamala Harris
Elon Musk
Donald Trump
Ubs
Joe Biden
Show more
08:33 28.10.2024
08:26 28.10.2024
02:48 28.10.2024
Starlink
eBay Inc.
SpaceX
PayPal Holdings, Inc.
Tesla, Inc.
RUS
TWN
USA
CHN
UKR
Donald Trump
Vladimir Putin
Barack Obama
Reid Hoffman
Elon Musk
Show more
22:16 27.10.2024
02:40 27.10.2024
Trending
Subcategory:
Cryptocurrency Markets
Cryptocurrency Trends
Stock Market Updates
Market Sentiment Analysis
Decentralized Finance (DeFi) Innovations
Central Bank Actions
Market Analysis and Predictions
Tokenomics and Crypto Economics
Inflation Rates & CPI Data
Hedge Funds & Private Equity
Cryptocurrency & Blockchain Regulations
Banking Regulations
Employment Reports
Cryptocurrency Regulations
Anti-Money Laundering (AML) Regulations
ESG & Sustainable Finance Regulations
Corporate Responsibility & ESG
Anti-Money Laundering (AML) & Know Your Customer
Blockchain Technology Adoption
Banking & Investment Regulations
Countries:
Companies:
Currencies:
People:
Apple Inc.
Ethereum USD
Solana USD
Ripple USD USD
Bitcoin USD
Coinbase Global, Inc.
Santiment Network Token USD
Bitwise Bitcoin ETF
NVIDIA Corporation
Ripples USD
JPMorgan Chase & Co.
BlackRock, Inc.
MicroStrategy Inc
Taiwan Semiconductor Manufacturing Co Ltd
Chainlink USD
Grayscale Bitcoin Trust ETF
Heritage Distilling Holding Company, Inc.
Robinhood Markets, Inc.
MARATHON DIGITAL
End Federal Reserve USD
United States Dollar
Armenian Dram
Euro
Vietnamese Đồng
British Pound Sterling
Canadian Dollar
New Zealand Dollar
Australian Dollar
Philippine Peso
Malagasy Ariary
Japanese Yen
Singapore Dollar
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.