$Tesla Motors(TSLA)$Many EV stocks have gained considerable market value on Friday as Tesla(NASDAQ:TSLA) presented a potential gamechanger. According to a White House memo, the pioneering icon will begin production of new equipment that will allow non-Tesla EV drivers to use Tesla Superchargers.According to Jalopnik, Tesla has been running a pilot program to allow EV drivers in Europe to access its charging network. In part, the announcement bolstered EV stocks because it arrived unexpectedly quickly. Although Tesla CEO Elon Musk vocally supported an open charging network, he never really converted words into action. Further, Musk and President Joe Biden have not always seen eye to eye.Now that bygones are apparently bygones, the news appears to b
$Tesla Motors(TSLA)$Tesla prepares to upgrade Gigafactory Shanghai to produce 21,000 EVs per week (over 1 million EVs per year)Tesla is preparing to partly shut down Gigafactory Shanghai for a few weeks in order to upgrade the factory to a production capacity of 21,000 electric vehicles per week. After a forced shutdown due to COVID-19 restrictions in Shanghai and then supply chain issues limiting the production, Tesla is now preparing to do a voluntary shut down to at least part of the production in order to do some significant upgrades. Bloomberg reported that the upgrade will start in July and run through early August, and the upgrade aims to bring the total production to over 21,000 vehicles per week: Upgrade work at the factory south of Shang
$AMC Entertainment(AMC)$ It’s an important lesson for small traders. If you’re to be involved in something like a short squeeze, you need to sell before fundamentals catch up to you. Selling is the hardest thing for any investor to do. Even the best can fail the test, unable to figure out else to put the money we’re taking out. But until you learn the discipline you will remain an APE, and the end of every story will be Chapter 11.
$Palantir Technologies Inc.(PLTR)$Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 263,027 shares of the company's stock, valued at approximately $3,611,000.Other institutional investors have also recently added to or reduced their stakes in the company. IndexIQ Advisors LLC bought a new stake in Palantir Technologies during the first quarter valued at $27,000. Endurance Wealth Management Inc. bought a new stake in Palantir Technologies during the first quarter valued at $27,000. UMB Bank N A MO bought a new st
$Grab Holdings(GRAB)$Adalta Capital Management LLC acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB – Get Rating) during the first quarter, HoldingsChannel reports. The firm acquired 38,366 shares of the company's stock, valued at approximately $134,000.A number of other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE increased its position in shares of Grab by 25.5% during the first quarter. Bank of America Corp DE now owns 3,502,191 shares of the company's stock valued at $12,258,000 after purchasing an additional 711,272 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Grab by 137.6
$Walt Disney(DIS)$Recent results have been very strong. Revenue in the company's latest fiscal quarter jumped 26% year over year, far better than the market expected, as the COVID-19 pandemic didn't have nearly as much of an effect on the business.First, as anyone who has been to a Disney theme park lately can tell you, demand for in-person entertainment is back in full force. And not only have the parks been full, but Disney is doing a tremendous job of increasing monetization. Newer products like the Genie+ and Lightning Lane pay-per-use features are increasing per-guest spending, and revenue increased by a staggering 70% year over year in the Parks, Experiences, and Products segment. Disney's parks are actually generati
$Amazon.com(AMZN)$Amazon will acquire One Medical for $18 per share in an all-cash transaction valued at approximately $3.9 billion, including One Medical’s net debt. Completion of the transaction is subject to customary closing conditions, including approval by One Medical's shareholders and regulatory approval. On completion,Amir Dan Rubinwill remain as CEO of One Medical.
$Apple(AAPL)$Apple (NASDAQ:AAPL) should see a better than forecasted third quarter as some of the issues that were weighing down on earnings start to go away. The previous couple of quarters have been plagued by issues such as war and shutdowns which resulted in weaker than expected earnings.The company is looking to release multiple new products throughout the year, including the new iPhone 14. The total number of new models released for the year will be four, and the company plans to increase prices for the more premium models but plans to keep the prices for the current models the same. Competitors such as Samsung (OTC:SSNLF) also plan to release multiple flagship phones, and the two device makers are essentially in a
$Tesla Motors(TSLA)$ As CEO Elon Musk has been offloading shares of Tesla(NASDAQ: TSLA) stock, Cathie Wood has been picking them up. Recently, the famed contrarian investor announced that she has increased her TSLA stock holdings amid the company’s new controversy. Ever since Musk successfully acquired Twitter, his focus has been on the social media platform. This hasn’t been good for TSLA stock, which has been steadily sliding downward all week, losing more than 10% of its value. But in keeping with her investment philosophy, Cathie Wood has increased her Tesla position across several funds. She has also acquired additional shares of other beaten-down tech stocks while offloading others.
$Coinbase Global, Inc.(COIN)$Coinbase is in a tug of war between crypto bulls and bears. Its fans argue the company is building the premier platform for trading cryptos and digital assets like nonfungible tokens, or NFTs. A crypto partnership announced recently between Coinbase and BlackRock $(BLK)$ caused the former's stock to pop.Those betting against Coinbase expect its retail trading fees -- the vast majority of its revenue -- to erode. Coinbase is burning cash as it expands and is facing more regulatory scrutiny. Even bulls say the BlackRock deal will have minimal impact on earnings. Amid a deep freeze in token prices, Coinbase posted a $1.1 billion loss in the second quarter, missing consensus estimates.Betting agai
$Netflix(NFLX)$Waning consumer satisfactionIncreased competition in the streaming industry has pushed consumers to compare Netflix to better-valued services -- to the detrimental of the company. Consumer satisfaction and trust has sagged regarding Netflix's value and content quality. A crackdown on password sharing could push its members further into the hands of the competition.In terms of consumer value, Netflix's offering is at the lower end of the spectrum. Its cheapest plan is $9.99 for one stream at less than 720p resolution, with its next tier being $15.99 for two streams and 1080p resolution. Consumers interested in 4K video quality and up to four simultaneous streams must pay $19.99.Meanwhile, its biggest competi
$NIO Inc.(NIO)$a pioneer and a leading company in the premium smart electric vehicle market, today announced its August 2022 delivery results.NIO delivered 10,677 vehicles in August 2022, representing an increase of 81.6% year-over-year. The deliveries consisted of 7,551 premium smart electric SUVs, and 3,126 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 238,626 as of August 31, 2022.In August, the production and delivery of the ES7, a mid-large five-seater premium smart electric SUV based on NIO Technology 2.0 (NT2), started to ramp up steadily. 398 ES7s were delivered to users in August 2022.
$NVIDIA Corp(NVDA)$Adept, a machine learning research and product lab, is using Oracle Cloud Infrastructure (OCI) and NVIDIA technology to develop a universal AI teammate capable of performing a range of tasks people execute on their computer or on the internet. Running thousands of NVIDIA GPUs on clusters of OCI bare metal compute instances and taking advantage of OCI's network bandwidth, Adept can train large-scale AI and ML models faster and more economically than before. As a result, Adept has been able to rapidly advance its general intelligence roadmap and develop its first product – a rich language interface for the tools knowledge workers use every day to be productive and creative.
$Netflix(NFLX)$Netflix Inc is looking to charge about $7 to $9 per month for its new advertising-supported subscription plan, Bloomberg news reported late on Friday.The company plans to introduce its budget-friendly option in the final three months of the year across at least half a dozen geographies. However, the full rollout may have to wait until early next year, the report said.It plans to sell around four minutes of commercials per hour for the ad-supported service, showing ads before and during the shows, the report said, citing people familiar with the matter.The streaming giant declined to comment on the report and its pricing plan.Rival Walt Disney Co had in March announced it will offer a cheaper, ad-supported v
$Alibaba(BABA)$Citi Research analyst Alicia Yap was similarly encouraged."We view the solid revs beat and stronger-than-expected profit beat as a long-waited print, which we believe could help to improve overall market sentiment on BABA's fundamentals and its continued effort to navigate through multiple challenges over the past 1.5 years," she wrote in a note to clients.For Yap, a highlight was Alibaba's mid-single-digit decline in paid gross merchandise volume at Taobao and Tmall, a performance she thought was "ahead of many buy-side and sell-side expectations" as "many were expecting [growth to be] down mid-teens" on a year-over-year basis."More importantly, we view the China commerce adj. EBITA...as positive and a 'ne
$Alphabet(GOOG)$The U.S. Commerce Department said it reached a cooperative research and development agreement with Alphabet Inc's (GOOGL.O) Google to produce chips that researchers can use to develop new nanotechnology and semiconductor devices.The deal was signed between the Commerce Department's National Institute of Standards and Technology (NIST) and Google. The chips will be manufactured by semiconductor company SkyWater Technology at its Bloomington, Minnesota, semiconductor foundry, the department said on Tuesday.Google will pay the initial cost of setting up production and will subsidize the first production run, according to the agreement. NIST, with university research partners, will design the circuitry for the
$Tesla Motors(TSLA)$The $Tesla(TSLA.US)$ Model Y is currently Tesla's best-selling vehicle. It's available in many parts of the world, and being produced at the Fremont, California, and Austin, Texas, gigafactories in the U.S. and the Shanghai gigafactory in China.While a standard range Model Y was available for a short time in the U.S., it was quickly removed from the ordering options as demand was just too high. Production was then focused on only long-range and performance trims.But now Europe, as shared by Electrek, is getting a new lower-cost Model Y option. The Model Y standard range, rear-wheel drive is an available option in Europe at a low price. It has a WLTP range of 283 miles versus the longer range of 331 mil
$Apple(AAPL)$28 analysts have posted AAPL reviews during the past 3 months, which break down as 22 to 6 in favor of Buys over Holds, and all coalesce to a Strong Buy consensus view. Given the average price target clocks in at $185.05, the shares are expected to appreciate ~26% over the next 12 months.
$Apple(AAPL)$Apple (NASDAQ:AAPL) held its first in-person product launch event since before the pandemic Wednesday afternoon with the highly anticipated iPhone 14 launch.While the iPhone 14 was front and center at the launch event, Apple also announced a raft of other products and updates, including the Apple Watch Series 8 and the enhanced AirPods Pro 2.The iPhone 14 series includes the general model, the 14 Plus, the 14 Pro, and the 14 Pro Max.Apple said the 14 and 14 Plus models include the A15 Bionic chip with a 5-core GPU, while the 14 Pro and Pro Max are powered by A16 Bionic, the fastest chip ever in a smartphone.Furthermore, Apple announced new satellite-enabled services for some of its products, with Globalstar,
$Tesla Motors(TSLA)$Tesla is evaluating a site near Corpus Christi in South Texas for a possible $375 million plant that would refine lithium hydroxide used in batteries, potentially providing the company with a steady supply of an essential material for its battery and electric vehicle manufacturing operations in Travis County.If Austin-based Tesla goes through with plans for the refinery in Nueces County, battery-grade lithium hydroxide "will be packaged and shipped (from the site) by truck and rail to various Tesla battery manufacturing sites supporting the necessary supply chain for large-scale and electric vehicle batteries," it said in its application for tax breaks for the project under the state's Chapter 313 ince