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Stock gains are almost all concentrated in the Magnificent 7 – this could signal a crash.

June 30, 2023 By Peter Leave a Comment

All good things come to an end. Phil Rosen is reporting from New York. This is the last edition of 10 Things Before Opening Bell. I've had the honor of being in your inbox every morning for the past two years. I appreciate you sharing your mornings. Don't worry, I will still write for Insider. Please stay in touch. Please keep in touch. You will receive our flagship newsletter … [Read more...]

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Analysts claim that Tesla’s stock rally won’t last for long, as Ford & GM and other old-guard competitors will be rushing into the EV space.

June 30, 2023 By Peter Leave a Comment

[TAG0][TAG1] According to an analyst, Ford and other old-guard competitors will continue to produce more EVs. A breakneck rally that began in late April has helped the tech giant's stock to soar 109% by 2023. Goldman Sachs, Morgan Stanley and other Wall Street giants warn that the stock is now overvalued. According to an analyst, Tesla's largest stock rally since 2020 … [Read more...]

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Volvo Says That It Will Switch To Tesla NACS Charger

June 28, 2023 By Peter Leave a Comment

---------------------------------------------------------------------------------------------------------------------------------------By: Oliver HaslamTitle: Volvo Says It’s Switching To Tesla’s NACS ChargerSourced From: www.redmondpie.com/volvo-says-its-switching-to-teslas-nacs-charger/Published Date: Wed, 28 Jun 2023 15:28:23 +0000 … [Read more...]

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The cruise industry is a better investment than AI or self-driving vehicles.

June 28, 2023 By Peter Leave a Comment

[TAG0][TAG1] Royal Caribbean and Carnival have been among the top five performers in the S&P 500 for this year. Other tech titans include Nvidia Tesla and Meta Platforms After the pandemic, both cruise lines have seen a strong rebound in their business. The S&P 500's two best performers this year had nothing to do either with self-driving vehicles, artificial … [Read more...]

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Wedbush claims that Tesla will face activist investor pressure next year to buy back stock after its shares are cut by half in 2022.

June 27, 2023 By Peter Leave a Comment

Twitter staff received a memo from Elon Musk on Thursday, confirming that job cuts would be announced Friday.Carina Johansen/Getty Images According to Wedbush, Tesla will likely face more pressure from activist investors in 2023. According to Dan Ives, a Wedbush analyst, Tesla and Elon Musk may face greater pressure from activist investors by 2023. Tesla is an attractive target for activists … [Read more...]

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Elon Musk reportedly gave his Musk Foundation charity $5.7 billion of the mysterious $5.7 Billion donation he made last year.

June 26, 2023 By Peter Leave a Comment

Patrick Pleul/picture Alliance via Getty Images Bloomberg reported that Elon Musk donated $5.7 billion worth of Tesla shares to his charity foundation in 2017. Bloomberg reported Monday that Elon Musk made a $5.7 billion mystery gift to the Musk Foundation in 2021. In a regulatory filing to the Securities and Exchange Commission (SEC), it was revealed that Musk had given away over 5 million … [Read more...]

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Elon’s former righthand man, Elon Musk, is making EVs affordable by recycling used batteries.

June 26, 2023 By Peter Leave a Comment

Redwood Materials employees dismantling a battery module.Redwood Materials A new plant has been announced by the EV battery recycling company in South Carolina. The new plant will allow carmakers to get the materials needed to make EV battery batteries. This news is crucial as car companies race for compliance with this summer's climate laws. Redwood Materials, a giant in electric vehicle … [Read more...]

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Elon says that a fight between Mark Zuckerberg and himself’might really happen’. He also admits things could get ugly for him.

June 25, 2023 By Peter Leave a Comment

[TAG0][TAG1] Elon Musk has said that a cagefight with Mark Zuckerberg could "actually happen." Musk acknowledged in a tweet that the fight might not go well due to his lack of prior experience. Some people believe that Zuckerberg's Jiu-Jitsu skills give an advantage over Tesla and Twitter CEO. The rumor that Elon Musk could fight Mark Zuckerberg in a boxing ring … [Read more...]

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Ford reportedly expected a stampede following its Tesla deal and tripled its Mustang Mach-E stock in just one month

June 24, 2023 By Peter Leave a Comment

[TAG0][TAG1] Ford increased its Mach-E stock after signing a deal with Tesla to give owners of the car access to charging. Ford has tripled the advertised inventory for its Mach-E electric SUV, to 11,000 total cars. This is according to S&P Global Mobility. Experts believe this is an indication that Ford is confident about the partnership with Tesla boosting demand. … [Read more...]

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Elon wants to bring Starlink on the Indian market – but he will first have to deal with India’s richest man.

June 23, 2023 By Peter Leave a Comment

[TAG0][TAG1] Elon Musk has said that he wants to bring SpaceX Starlink satellite internet to India. Mukesh Amani, the owner of Reliance Jio and Asia's richest man, is his opponent. SpaceX wants the government to grant licenses for satellite service, while Reliance calls for a public bidding. Elon Musk has his eye on the huge Indian market. He says he wants to bring … [Read more...]

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