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04-26

SEXYCT, too sexist for me I am too woke 😉

Tesla Q1: Model 2 Could Be Their Model T

04-19

Oh, fantastic! Because clearly, juggling a part-time CEO gig while managing global chaos is the epitome of success. And hey, who wouldn't want their candy *and* a $56 billion paycheck, right? I mean, that's just the logical conclusion of a free speech agenda. And bonus points for simultaneously wreaking havoc on Twitter and Tesla!

Tesla Stock Has Had a Tough Week. Growth Plans From CEO Elon Musk Will Be Key

03-21

$50.00 to $55 range

02-29

Apple's pursuit of AGI aims not just for superior intelligence but for a more human-like AI. Consider Apple's track record of achievement; it's earned unparalleled trust in the tech industry, standing out among FANG companies.

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02-27

RIP Jacob Rothschild, the prominent British financier and philanthropist, passed away on February 26, 2024, at the age of 87. He will be remembered for his significant contributions to the financial world, his commitment to philanthropy, and his enduring support for the arts.

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02-15

This is the essence of innovation - not through government control, but through the unfettered spirit of free competition.

Alphabet Slips Over 3% As OpenAI Said to Be Working on Search Product: Report

02-05

I'm struggling to understand. Is he the main cause of the social media issues affecting young teens, leading to self-harm, and are we unintentionally contributing to his wealth? Just makes me sick to my stomach

Zuckerberg Climbs to No. 4 on the Billionaire List, Thanks to Meta's Surge

01-17

Exactly the point I made...

Ross Gerber Says Elon Musk Should Buy Tesla Stock "Like Rest Of Us" If He Wants 25% Voting Rights

01-03

Happy New Year! I hope your biggest dream comes true in 2024. Let's work together to make it a reality.

Go to Tiger App to see more news

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Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"SEXYCT, too sexist for me I am too woke 😉","listText":"SEXYCT, too sexist for me I am too woke 😉","text":"SEXYCT, too sexist for me I am too woke 😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/299502168047680","repostId":"2430235151","repostType":2,"repost":{"id":"2430235151","pubTimestamp":1714140000,"share":"https://ttm.financial/m/news/2430235151?lang=&edition=fundamental","pubTime":"2024-04-26 22:00","market":"us","language":"en","title":"Tesla Q1: Model 2 Could Be Their Model T","url":"https://stock-news.laohu8.com/highlight/detail?id=2430235151","media":"Seeking Alpha","summary":"Tesla, Inc.'s Q1 earnings showed resilience despite challenges, with a net income of $1.1 billion and continued plans for an affordable \"Redwood\" model.The launch of the \"Redwood\" Model 2 could signif","content":"<html><head></head><body><ul style=\"\"><li><p>Tesla, Inc.&#39;s Q1 earnings showed resilience despite challenges, with a net income of $1.1 billion and continued plans for an affordable &#34;Redwood&#34; model.</p></li><li><p>The launch of the &#34;Redwood&#34; Model 2 could significantly expand Tesla&#39;s consumer base and increase profitability.</p></li><li><p>The Model 2, priced at $25,000, presents a strong buying opportunity for investors and could make Tesla the world&#39;s largest automaker.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/587302ace511c033c7920453f8b18a09\" alt=\"wellesenterprises\" title=\"wellesenterprises\" tg-width=\"750\" tg-height=\"489\"/><span>wellesenterprises</span></p><h2 id=\"id_4070035108\">Investment Thesis</h2><p>Going into the Q1 earnings call on April 23rd, I saw expectations as quite low for <strong>Tesla, Inc.</strong> (NASDAQ:TSLA). Post Q1 earnings, I believe it&#39;s clear the company continues to navigate a highly delicate act full of operational challenges while still trying to push the envelope on electric vehicle (&#34;EV&#34;) technology and cost reductions, fundamental to their long-term strategy.</p><p>With this, and despite the EPS miss, I think the company still rose to the occasion. The first quarter saw Tesla achieving a GAAP net income of $1.1 billion and a non-GAAP net income of $1.5 billion, despite significant external pressures, including geopolitical tensions and supply chain disruptions.</p><p>The launch of their &#34;Redwood&#34; model, slated for a more immediate timeline than previously anticipated, is poised to benefit from these advancements, addressing one of the primary criticisms regarding the speculative nature of Tesla&#39;s projections.</p><p>This new $25,000 vehicle, code-named &#34;Redwood,&#34; is expected to significantly expand Tesla&#39;s consumer base by targeting a more affordable price point than Tesla&#39;s current models. Their lower-cost electric vehicle opens the possibility for Tesla to establish themselves as an even stronger rival of gas-powered cars that dominate many developing markets. Capturing this wider mainstream auto market could greatly increase Tesla&#39;s customer base globally.</p><p>Tesla is preparing to release this new vehicle in 2025 with industry-leading profit margins from the start, according to CEO Elon Musk.</p><p>If Tesla can achieve their current gross margins on a mass-market, affordable EV, it would dramatically increase overall profitability and represent a major accomplishment in auto manufacturing. Maintaining margins has traditionally been very difficult for lower-cost vehicles, making this a challenging but highly rewarding target if Tesla reaches its cost reduction goals.</p><p>Combining lower manufacturing costs, greater accessibility for consumers, higher rates of production, and an expansion in their buyer market, I believe Tesla&#39;s new $25,000 Model 2 presents Tesla as a strong buying opportunity for investors in the company&#39;s stock, especially given post earnings. While Tesla shareholders have been on a ride this year due to lower sales volume and margin compression, I think this new car represents a pivotal moment in the company&#39;s trajectory.</p><h2 id=\"id_1340440499\">Why I Am Doing Follow-Up Coverage</h2><p>In 2024, Tesla stock - down 34.75% YTD at the time of writing - has been the worst performer in the S&amp;P 500 (SP500). As a Tesla bull (and shareholder myself) this has been frustrating. I saw the Q1 earnings as critical to my thesis. I believe the company is at a juncture (see my section below on current EVs). Tesla, however, has been at many key junctures in their path to where they are today. Most of these previous junctures have been life or death for the company. I don&#39;t think this one is, necessarily.</p><p>As I wrote about in my previous coverage in December and then in January, Tesla is sowing the seeds to be more than just an EV manufacturer, they are sowing the seeds to be a future EV/mobility ecosystem. This comes together with better charging networks, and better full self-driving (&#34;FSD&#34;) software. The missing ingredient was an even more affordable EV (cheaper than the Model 3) to help propel more user adoption. I talk about this below, but I think this is the missing link (and why I think this is their version of the Model T). In essence, like how the Model T made automobiles affordable to the masses in the 20th century, the Model 2 can do that for Tesla (even more so than the Model 3, see my analysis below).</p><p>The market has been quite bearish on Tesla recently. I think this earnings call assured investors that the company is on the right track. The purpose of this article is to show how the Model 2 can be the missing link.</p><h2 id=\"id_714738991\">Problem With Current EVs</h2><p>While the goal of being more environmentally friendly is becoming widespread (31% of U.S. adults want to completely phase out internal combustion engine, or ICE, vehicles), the majority of cars on the road are still not electric vehicles. Here&#39;s why: one of the most limiting buying factors comes from high upfront costs, with prices averaging $10,000+ higher than comparable gas-powered models in most segments. This price is primarily driven by the battery pack, which can comprise over 30% of the total EV cost. Mainstream EV models currently average around $53,469, pricing out many middle and lower-income demographics. I believe prices will need to approach about $25,000 to drive mass adoption comparable to economy gas vehicles. Consumers aren&#39;t only concerned about high up-front costs but also the cost of installation of high-speed, home-based charging. Cost can vary depending on where you live, but in Michigan, it can cost hundreds to thousands of dollars.</p><p>Another barrier stems from misconceptions about maintenance expenses. There is a lot of consumer anxiety and misconceptions about the higher maintenance costs of EVs. However, EVs actually require less maintenance than gas-powered vehicles.</p><p>Consumers are also concerned about battery range. Despite averages of 250+ miles per charge, fears of running out of power before reaching the destination, or so-called range anxiety, persists, especially on long trips. When comparing the number of charging ports to gas stations, just 100,000 public charging ports exist today in the U.S. compared to gas stations numbering over 150,000. While the number is closer than what I expected when initially researching this, many of these gas stations are more spread out, meaning the network of gas stations in the U.S. covers a wider area than EV charging stations (many are concentrated in cities).</p><h2 id=\"id_3373198168\">Q1 Review</h2><p>Tesla&#39;s Q1 results reflected what I believe to be a hint of resilience as the company navigated through a competitive (see my risks section) and disruptive market environment. Despite a substantial 9% year-over-year revenue decline to $21.30 billion, Tesla&#39;s strong price cut responses and operational advancements helped show the resiliency of their adaptive business model (Q1 Presentation).</p><p>CEO Elon Musk candidly addressed these challenges during the earnings call, noting the impact of ongoing global issues and internal operational hurdles. Musk stated, &#34;We think Q2 will be a lot better,&#34; acknowledging the difficulties faced (Q1 Call).</p><p>Despite missing Wall Street expectations on both top and bottom lines, with earnings per share at 45 cents against an anticipated 51 cents and revenue at $21.3 billion coming in lower than the $22.15 billion estimated, Tesla&#39;s stock rose 12.06% on Wednesday. I believe this rise was almost entirely fueled by optimism from Musk&#39;s forward-looking statements. He revealed on the call an accelerated timeline for new affordable EV models (the Model 2), stating that production could begin &#34;early 2025, if not late this year,&#34; sooner than the previously expected second half of 2025.</p><p>Financially, Tesla&#39;s operational metrics revealed a mixed picture. While the company&#39;s automotive revenue declined 13% year over year to $17.38 billion, this was part of the broader narrative of price adjustments to stimulate demand amid fierce competition and market saturation. I think the price cuts were key to maintaining market share in China, see my risks section.</p><p>On the brighter side, Tesla&#39;s energy division and services sectors showed robust growth. The energy segment&#39;s revenue increased by 7% to $1.64 billion, and services revenue rose by 25% to $2.29 billion compared to the same period last year (Q1 Presentation).</p><h2 id=\"id_2279727304\">Model 2 Overview</h2><p>To expand their market presence, Tesla is continuing their transition from the production of luxury models to the creation of a mass-market vehicle. In Elon Musk&#39;s recent announcement of the new $25,000 Tesla model, he emphasized that this entry-level model predicted to sell by the millions annually, could &#34;blow people&#39;s minds&#34; thanks to a revolutionary manufacturing method. Musk&#39;s forecast of the Model is planned to launch as soon as &#34;early 2025, if not late this year.&#34;</p><p>In the context of Tesla&#39;s stock performance and market impact, the company remains a dominant force in the electric car market, owning nearly 20% of the global electric car market and over 50% of the U.S. electric car market.</p><p>The key component of this new model for consumers is the projected affordability. To still produce a reasonable profit, Tesla must reduce production costs while still delivering high-quality vehicles. To achieve this, Tesla plans to reduce battery production costs by up to 56% by manufacturing its new 4680 battery cells at scale. These lower costs combined with other manufacturing optimizations could make the $25,000 car profitable on each sale. Drastically reducing costs is key for releasing a mainstream, affordable EV profitably.</p><p>More on production plans, Tesla plans to produce 10,000 &#34;Redwood&#34; vehicles per week at their new factories. This new model will be built on an entirely new vehicle platform, incorporating all the advanced manufacturing lessons and vertical integration that Tesla has pioneered over the past 14 years since they started to make the Model S. The highly automated manufacturing line for this car is expected to be an industry leader in available technology, reducing labor costs through increased use of cutting-edge robotics and processes optimized for electric vehicle production.</p><p>The Model 2 will also offer the Full Self-Driving technology. Tesla has a multi-year head start in developing industry-leading full self-driving technology, with billions of miles of real-world data from customer vehicles (I talked about their edge in my FSD deep dive article last year). I believe this will also be an incredible value proposition for the lower-end EV market, given that few vehicles at this price point offer such powerful autonomous technology.</p><h2 id=\"id_4115168630\">Valuation Section: How Will Redwood Impact Tesla&#39;s Valuation?</h2><p>According to Elon Musk, Tesla is targeting 20 million vehicles annually by 2030. If achieved, the high-volume $25,000 &#34;Model 2&#34; would likely be Tesla&#39;s best-selling model, eventually capturing millions of customers annually and cementing Tesla&#39;s dominance with over 50% share of the total EV market. This new model will appeal to consumers all over the world, therefore allowing Tesla to capture more of the EV market.</p><p>New automotive products, including the Tesla Model 2, could boost Tesla&#39;s annual sales from under 1.8 million vehicles today to 5-6 million by 2026 by some estimates, a 3 to ~4 times increase largely driven by the high-volume budget EV. On the earnings call, CEO Elon Musk specifically stated that production could ramp to &#34;over 3 million vehicles of capacity when realized to the full extent&#34; for the Model 2.</p><p>This sales explosion could make Tesla the world&#39;s largest automaker. While a lower-cost EV provides opportunities, previous attempts by other automakers to do the same have struggled. But with Tesla&#39;s battery innovations and optimized production, they hope to reach the industry-leading margins they have on their other vehicle lines on the Model 2 as well. If achieved, the vehicle would serve as both an offensive and defensive move - opening new markets while sustaining a dominant share in EVs.</p><p>The upcoming generations of car buyers will be a large influence on Tesla&#39;s future; studies suggest over 50% of 18-34-year-old U.S. car buyers would consider an EV as their next purchase if options were more affordable. The Model 2 specifically could have strong appeal to capture this key demographic worldwide based on its pricing and brand perception.</p><p>With just selling the base vehicle at $25,000 with 400,000 units sold in 2025 alone (estimates are for the automaker to be producing 10,000/week next year, so I assume a ramp up at the beginning of the year), this could represent an additional $10 billion in additional revenue for the EV giant.</p><p>Applying a forward price to sales multiple on this revenue of 4.65 (the current price to sales forward multiple, we get a market cap boost of $46.5 billion, or about 10% upside in market cap (and shares) from current levels on this opportunity alone.</p><h3 id=\"id_1899296774\">Why I Don&#39;t Think This Is Priced In (And How This Interacts With My Past Research)</h3><p>While I have been bullish on Tesla since December, their stock has dropped 31.18%. The stock has dropped as more of these opportunities for Tesla have actually come to fruition.</p><p>For example, my previous analysis argued that FSD 12 is worth $76.75 billion and that their EV charging networks could be worth $532 billion to Tesla. I still think both of these opportunities are worth the same amount of money now, given the recent wider rollouts of FSD 12 and Tesla continuing to do well with their charging network.</p><p>Adding in this $46.5 billion opportunity to the previous opportunity creates a sum of the parts valuation of $655.25 billion on their own. This implies little to no residual valuation to most of the current business (which on its own is profitable and still has best-in-class automotive margins compared to legacy Auto). This is even after margins came down with this last earnings report.</p><h2 id=\"id_1449673123\">Risks</h2><p>With the drastic decline in vehicle sales price, concerns are raised on whether Tesla can sufficiently reduce production and material costs to still earn a reasonable gross profit margin on a $25,000 mass market vehicle while maintaining quality. However, Tesla&#39;s battery cost reduction of 56% through manufacturing innovations and economies of scale could be the solution to these concerns. I believe their historical ability to reduce costs on expensive EV parts (like the battery) will come into focus with this new model as well.</p><p>When looking into Tesla&#39;s past production execution, the EV maker has a history of missing timelines and delaying the launch timing of new products as manufacturing goals are often pushed back, such as the repeated timeline shifts for Cybertruck.</p><p>To try to prevent this from occurring with this new model, Tesla management (including Elon Musk) is paying close attention to developments on factory expansions to ensure production timelines can be met here. They know how big this car will be for the company&#39;s future. Their earnings call on Tuesday showed how big of a deal this car will be. I believe the company will be just as focused on making sure the Model 2 rollout goes well as they were when they launched the Model 3 back in 2017/2018.</p><p>Announcing a future $25,000 EV could slow sales and demand growth for Tesla&#39;s current mass-market vehicle, the Model 3. Tesla could attempt to manage this sales cannibalization risk by carefully timing the final announcement, marketing messaging, and actual production launch timing of the future, cheaper EV option once capacity is ready. Clear communication to customers on the differentiation of the vehicles will also be critical. Still, some demand loss for Model 3 in the short term may be inevitable once the next-gen EV is concretely announced to the public on August 8th (the date Elon Musk pegged on the conference call).</p><h3 id=\"id_961805883\">Competition Is Real, But The Company Is Navigating It Well</h3><p>To be clear, making mass market affordable EVs is not only Tesla&#39;s idea. Companies such as China&#39;s EV maker BYD Company Limited (OTCPK:BYDDF) with their Seagull hatchback are offering cars that start at as low as $10,000. This means consumers have real options in the affordable EV market. This is clearly a real threat to Tesla, but I think the company is navigating well.</p><p>First, to note, the firm is actually doing better (sales-wise in China) than some of these peers. Elon Musk noted on the call:</p><blockquote><p>I mean, I don&#39;t know what our competitors could do, except we&#39;ve done relatively better than they have. If you look at the drop in our competitors in China sales versus our drop in sales, our drop was less than theirs.-Q1 Call.</p></blockquote><p>Second, I think the FSD software the firm is investing heavily in will be another strong differentiator. We already went over how this technology will be a part of the Model 2, and since this data (and the billions of miles that are a part of the training set) are proprietary, this is a strong moat. I talked more about their FSD competition in my research from December, but this competition is not an abnormally large concern in my opinion. Tesla has been battling similarly priced EVs at the different price points they have sold at for over 10 years. I am more than confident they will continue to offer a strong value proposition to EV customers in China (and abroad) with the Model 2.</p><h2 id=\"id_2493179894\">Takeaway</h2><p>I believe Tesla&#39;s Q1 2024 earnings provide substantial evidence supporting the company&#39;s necessary focus toward the Model 2 launch which will, I believe, define the future of the company. With these firm statements on the future of the product line, I believe Tesla reinforces its market EV leader status and addresses investor concerns regarding the feasibility of its long-term targets, particularly concerning the Model 2.</p><p>Tesla, Inc. making their EVs more accessible through lower prices to a broader audience all over the world addresses multiple barriers in the adoption of EVs. While the stock is down significantly in 2024, I think the stock is more compelling than ever (highly favorable risk/reward). I think continues to be a Strong Buy</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q1: Model 2 Could Be Their Model T</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Q1: Model 2 Could Be Their Model T\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 22:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4686135-tesla-q1-model-2-could-be-their-model-t><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla, Inc.'s Q1 earnings showed resilience despite challenges, with a net income of $1.1 billion and continued plans for an affordable \"Redwood\" model.The launch of the \"Redwood\" Model 2 could ...</p>\n\n<a href=\"https://seekingalpha.com/article/4686135-tesla-q1-model-2-could-be-their-model-t\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4588":"碎股","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4550":"红杉资本持仓","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4574":"无人驾驶","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4551":"寇图资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4581":"高盛持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4511":"特斯拉概念","TSLA":"特斯拉","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4548":"巴美列捷福持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2063271972.USD":"富兰克林创新领域基金","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4555":"新能源车","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC"},"source_url":"https://seekingalpha.com/article/4686135-tesla-q1-model-2-could-be-their-model-t","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2430235151","content_text":"Tesla, Inc.'s Q1 earnings showed resilience despite challenges, with a net income of $1.1 billion and continued plans for an affordable \"Redwood\" model.The launch of the \"Redwood\" Model 2 could significantly expand Tesla's consumer base and increase profitability.The Model 2, priced at $25,000, presents a strong buying opportunity for investors and could make Tesla the world's largest automaker.wellesenterprisesInvestment ThesisGoing into the Q1 earnings call on April 23rd, I saw expectations as quite low for Tesla, Inc. (NASDAQ:TSLA). Post Q1 earnings, I believe it's clear the company continues to navigate a highly delicate act full of operational challenges while still trying to push the envelope on electric vehicle (\"EV\") technology and cost reductions, fundamental to their long-term strategy.With this, and despite the EPS miss, I think the company still rose to the occasion. The first quarter saw Tesla achieving a GAAP net income of $1.1 billion and a non-GAAP net income of $1.5 billion, despite significant external pressures, including geopolitical tensions and supply chain disruptions.The launch of their \"Redwood\" model, slated for a more immediate timeline than previously anticipated, is poised to benefit from these advancements, addressing one of the primary criticisms regarding the speculative nature of Tesla's projections.This new $25,000 vehicle, code-named \"Redwood,\" is expected to significantly expand Tesla's consumer base by targeting a more affordable price point than Tesla's current models. Their lower-cost electric vehicle opens the possibility for Tesla to establish themselves as an even stronger rival of gas-powered cars that dominate many developing markets. Capturing this wider mainstream auto market could greatly increase Tesla's customer base globally.Tesla is preparing to release this new vehicle in 2025 with industry-leading profit margins from the start, according to CEO Elon Musk.If Tesla can achieve their current gross margins on a mass-market, affordable EV, it would dramatically increase overall profitability and represent a major accomplishment in auto manufacturing. Maintaining margins has traditionally been very difficult for lower-cost vehicles, making this a challenging but highly rewarding target if Tesla reaches its cost reduction goals.Combining lower manufacturing costs, greater accessibility for consumers, higher rates of production, and an expansion in their buyer market, I believe Tesla's new $25,000 Model 2 presents Tesla as a strong buying opportunity for investors in the company's stock, especially given post earnings. While Tesla shareholders have been on a ride this year due to lower sales volume and margin compression, I think this new car represents a pivotal moment in the company's trajectory.Why I Am Doing Follow-Up CoverageIn 2024, Tesla stock - down 34.75% YTD at the time of writing - has been the worst performer in the S&P 500 (SP500). As a Tesla bull (and shareholder myself) this has been frustrating. I saw the Q1 earnings as critical to my thesis. I believe the company is at a juncture (see my section below on current EVs). Tesla, however, has been at many key junctures in their path to where they are today. Most of these previous junctures have been life or death for the company. I don't think this one is, necessarily.As I wrote about in my previous coverage in December and then in January, Tesla is sowing the seeds to be more than just an EV manufacturer, they are sowing the seeds to be a future EV/mobility ecosystem. This comes together with better charging networks, and better full self-driving (\"FSD\") software. The missing ingredient was an even more affordable EV (cheaper than the Model 3) to help propel more user adoption. I talk about this below, but I think this is the missing link (and why I think this is their version of the Model T). In essence, like how the Model T made automobiles affordable to the masses in the 20th century, the Model 2 can do that for Tesla (even more so than the Model 3, see my analysis below).The market has been quite bearish on Tesla recently. I think this earnings call assured investors that the company is on the right track. The purpose of this article is to show how the Model 2 can be the missing link.Problem With Current EVsWhile the goal of being more environmentally friendly is becoming widespread (31% of U.S. adults want to completely phase out internal combustion engine, or ICE, vehicles), the majority of cars on the road are still not electric vehicles. Here's why: one of the most limiting buying factors comes from high upfront costs, with prices averaging $10,000+ higher than comparable gas-powered models in most segments. This price is primarily driven by the battery pack, which can comprise over 30% of the total EV cost. Mainstream EV models currently average around $53,469, pricing out many middle and lower-income demographics. I believe prices will need to approach about $25,000 to drive mass adoption comparable to economy gas vehicles. Consumers aren't only concerned about high up-front costs but also the cost of installation of high-speed, home-based charging. Cost can vary depending on where you live, but in Michigan, it can cost hundreds to thousands of dollars.Another barrier stems from misconceptions about maintenance expenses. There is a lot of consumer anxiety and misconceptions about the higher maintenance costs of EVs. However, EVs actually require less maintenance than gas-powered vehicles.Consumers are also concerned about battery range. Despite averages of 250+ miles per charge, fears of running out of power before reaching the destination, or so-called range anxiety, persists, especially on long trips. When comparing the number of charging ports to gas stations, just 100,000 public charging ports exist today in the U.S. compared to gas stations numbering over 150,000. While the number is closer than what I expected when initially researching this, many of these gas stations are more spread out, meaning the network of gas stations in the U.S. covers a wider area than EV charging stations (many are concentrated in cities).Q1 ReviewTesla's Q1 results reflected what I believe to be a hint of resilience as the company navigated through a competitive (see my risks section) and disruptive market environment. Despite a substantial 9% year-over-year revenue decline to $21.30 billion, Tesla's strong price cut responses and operational advancements helped show the resiliency of their adaptive business model (Q1 Presentation).CEO Elon Musk candidly addressed these challenges during the earnings call, noting the impact of ongoing global issues and internal operational hurdles. Musk stated, \"We think Q2 will be a lot better,\" acknowledging the difficulties faced (Q1 Call).Despite missing Wall Street expectations on both top and bottom lines, with earnings per share at 45 cents against an anticipated 51 cents and revenue at $21.3 billion coming in lower than the $22.15 billion estimated, Tesla's stock rose 12.06% on Wednesday. I believe this rise was almost entirely fueled by optimism from Musk's forward-looking statements. He revealed on the call an accelerated timeline for new affordable EV models (the Model 2), stating that production could begin \"early 2025, if not late this year,\" sooner than the previously expected second half of 2025.Financially, Tesla's operational metrics revealed a mixed picture. While the company's automotive revenue declined 13% year over year to $17.38 billion, this was part of the broader narrative of price adjustments to stimulate demand amid fierce competition and market saturation. I think the price cuts were key to maintaining market share in China, see my risks section.On the brighter side, Tesla's energy division and services sectors showed robust growth. The energy segment's revenue increased by 7% to $1.64 billion, and services revenue rose by 25% to $2.29 billion compared to the same period last year (Q1 Presentation).Model 2 OverviewTo expand their market presence, Tesla is continuing their transition from the production of luxury models to the creation of a mass-market vehicle. In Elon Musk's recent announcement of the new $25,000 Tesla model, he emphasized that this entry-level model predicted to sell by the millions annually, could \"blow people's minds\" thanks to a revolutionary manufacturing method. Musk's forecast of the Model is planned to launch as soon as \"early 2025, if not late this year.\"In the context of Tesla's stock performance and market impact, the company remains a dominant force in the electric car market, owning nearly 20% of the global electric car market and over 50% of the U.S. electric car market.The key component of this new model for consumers is the projected affordability. To still produce a reasonable profit, Tesla must reduce production costs while still delivering high-quality vehicles. To achieve this, Tesla plans to reduce battery production costs by up to 56% by manufacturing its new 4680 battery cells at scale. These lower costs combined with other manufacturing optimizations could make the $25,000 car profitable on each sale. Drastically reducing costs is key for releasing a mainstream, affordable EV profitably.More on production plans, Tesla plans to produce 10,000 \"Redwood\" vehicles per week at their new factories. This new model will be built on an entirely new vehicle platform, incorporating all the advanced manufacturing lessons and vertical integration that Tesla has pioneered over the past 14 years since they started to make the Model S. The highly automated manufacturing line for this car is expected to be an industry leader in available technology, reducing labor costs through increased use of cutting-edge robotics and processes optimized for electric vehicle production.The Model 2 will also offer the Full Self-Driving technology. Tesla has a multi-year head start in developing industry-leading full self-driving technology, with billions of miles of real-world data from customer vehicles (I talked about their edge in my FSD deep dive article last year). I believe this will also be an incredible value proposition for the lower-end EV market, given that few vehicles at this price point offer such powerful autonomous technology.Valuation Section: How Will Redwood Impact Tesla's Valuation?According to Elon Musk, Tesla is targeting 20 million vehicles annually by 2030. If achieved, the high-volume $25,000 \"Model 2\" would likely be Tesla's best-selling model, eventually capturing millions of customers annually and cementing Tesla's dominance with over 50% share of the total EV market. This new model will appeal to consumers all over the world, therefore allowing Tesla to capture more of the EV market.New automotive products, including the Tesla Model 2, could boost Tesla's annual sales from under 1.8 million vehicles today to 5-6 million by 2026 by some estimates, a 3 to ~4 times increase largely driven by the high-volume budget EV. On the earnings call, CEO Elon Musk specifically stated that production could ramp to \"over 3 million vehicles of capacity when realized to the full extent\" for the Model 2.This sales explosion could make Tesla the world's largest automaker. While a lower-cost EV provides opportunities, previous attempts by other automakers to do the same have struggled. But with Tesla's battery innovations and optimized production, they hope to reach the industry-leading margins they have on their other vehicle lines on the Model 2 as well. If achieved, the vehicle would serve as both an offensive and defensive move - opening new markets while sustaining a dominant share in EVs.The upcoming generations of car buyers will be a large influence on Tesla's future; studies suggest over 50% of 18-34-year-old U.S. car buyers would consider an EV as their next purchase if options were more affordable. The Model 2 specifically could have strong appeal to capture this key demographic worldwide based on its pricing and brand perception.With just selling the base vehicle at $25,000 with 400,000 units sold in 2025 alone (estimates are for the automaker to be producing 10,000/week next year, so I assume a ramp up at the beginning of the year), this could represent an additional $10 billion in additional revenue for the EV giant.Applying a forward price to sales multiple on this revenue of 4.65 (the current price to sales forward multiple, we get a market cap boost of $46.5 billion, or about 10% upside in market cap (and shares) from current levels on this opportunity alone.Why I Don't Think This Is Priced In (And How This Interacts With My Past Research)While I have been bullish on Tesla since December, their stock has dropped 31.18%. The stock has dropped as more of these opportunities for Tesla have actually come to fruition.For example, my previous analysis argued that FSD 12 is worth $76.75 billion and that their EV charging networks could be worth $532 billion to Tesla. I still think both of these opportunities are worth the same amount of money now, given the recent wider rollouts of FSD 12 and Tesla continuing to do well with their charging network.Adding in this $46.5 billion opportunity to the previous opportunity creates a sum of the parts valuation of $655.25 billion on their own. This implies little to no residual valuation to most of the current business (which on its own is profitable and still has best-in-class automotive margins compared to legacy Auto). This is even after margins came down with this last earnings report.RisksWith the drastic decline in vehicle sales price, concerns are raised on whether Tesla can sufficiently reduce production and material costs to still earn a reasonable gross profit margin on a $25,000 mass market vehicle while maintaining quality. However, Tesla's battery cost reduction of 56% through manufacturing innovations and economies of scale could be the solution to these concerns. I believe their historical ability to reduce costs on expensive EV parts (like the battery) will come into focus with this new model as well.When looking into Tesla's past production execution, the EV maker has a history of missing timelines and delaying the launch timing of new products as manufacturing goals are often pushed back, such as the repeated timeline shifts for Cybertruck.To try to prevent this from occurring with this new model, Tesla management (including Elon Musk) is paying close attention to developments on factory expansions to ensure production timelines can be met here. They know how big this car will be for the company's future. Their earnings call on Tuesday showed how big of a deal this car will be. I believe the company will be just as focused on making sure the Model 2 rollout goes well as they were when they launched the Model 3 back in 2017/2018.Announcing a future $25,000 EV could slow sales and demand growth for Tesla's current mass-market vehicle, the Model 3. Tesla could attempt to manage this sales cannibalization risk by carefully timing the final announcement, marketing messaging, and actual production launch timing of the future, cheaper EV option once capacity is ready. Clear communication to customers on the differentiation of the vehicles will also be critical. Still, some demand loss for Model 3 in the short term may be inevitable once the next-gen EV is concretely announced to the public on August 8th (the date Elon Musk pegged on the conference call).Competition Is Real, But The Company Is Navigating It WellTo be clear, making mass market affordable EVs is not only Tesla's idea. Companies such as China's EV maker BYD Company Limited (OTCPK:BYDDF) with their Seagull hatchback are offering cars that start at as low as $10,000. This means consumers have real options in the affordable EV market. This is clearly a real threat to Tesla, but I think the company is navigating well.First, to note, the firm is actually doing better (sales-wise in China) than some of these peers. Elon Musk noted on the call:I mean, I don't know what our competitors could do, except we've done relatively better than they have. If you look at the drop in our competitors in China sales versus our drop in sales, our drop was less than theirs.-Q1 Call.Second, I think the FSD software the firm is investing heavily in will be another strong differentiator. We already went over how this technology will be a part of the Model 2, and since this data (and the billions of miles that are a part of the training set) are proprietary, this is a strong moat. I talked more about their FSD competition in my research from December, but this competition is not an abnormally large concern in my opinion. Tesla has been battling similarly priced EVs at the different price points they have sold at for over 10 years. I am more than confident they will continue to offer a strong value proposition to EV customers in China (and abroad) with the Model 2.TakeawayI believe Tesla's Q1 2024 earnings provide substantial evidence supporting the company's necessary focus toward the Model 2 launch which will, I believe, define the future of the company. With these firm statements on the future of the product line, I believe Tesla reinforces its market EV leader status and addresses investor concerns regarding the feasibility of its long-term targets, particularly concerning the Model 2.Tesla, Inc. making their EVs more accessible through lower prices to a broader audience all over the world addresses multiple barriers in the adoption of EVs. While the stock is down significantly in 2024, I think the stock is more compelling than ever (highly favorable risk/reward). I think continues to be a Strong BuyEditor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":296977636405488,"gmtCreate":1713533066534,"gmtModify":1713857151411,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"Oh, fantastic! Because clearly, juggling a part-time CEO gig while managing global chaos is the epitome of success. And hey, who wouldn't want their candy *and* a $56 billion paycheck, right?&nbsp; I mean, that's just the logical conclusion of a free speech agenda. And bonus points for simultaneously wreaking havoc on Twitter and Tesla!","listText":"Oh, fantastic! Because clearly, juggling a part-time CEO gig while managing global chaos is the epitome of success. And hey, who wouldn't want their candy *and* a $56 billion paycheck, right?&nbsp; I mean, that's just the logical conclusion of a free speech agenda. And bonus points for simultaneously wreaking havoc on Twitter and Tesla!","text":"Oh, fantastic! Because clearly, juggling a part-time CEO gig while managing global chaos is the epitome of success. And hey, who wouldn't want their candy *and* a $56 billion paycheck, right? I mean, that's just the logical conclusion of a free speech agenda. And bonus points for simultaneously wreaking havoc on Twitter and Tesla!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/296977636405488","repostId":"2428638065","repostType":2,"repost":{"id":"2428638065","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1713532246,"share":"https://ttm.financial/m/news/2428638065?lang=&edition=fundamental","pubTime":"2024-04-19 21:10","market":"us","language":"en","title":"Tesla Stock Has Had a Tough Week. Growth Plans From CEO Elon Musk Will Be Key","url":"https://stock-news.laohu8.com/highlight/detail?id=2428638065","media":"Dow Jones","summary":"Tesla stock has been looking for a bottom, ahead of first-quarter earnings from the electric-vehicle company on April 23.It's been a hard week for shareholders. Tesla stock has dropped every day, falling more than 12%. Tesla's large company layoffs, or about 10% of its 140,000-strong global workforce, disclosed on Monday, catalyzed the drop.Now investors are waiting to hear from CEO Elon Musk next Tuesday. They are looking for a plan to reaccelerate growth, after first-quarter deliveries came in at about 387,000 units, down almost 9% year over year.The plan could include new lower-priced vehicles, autonomous robotaxis, or other business opportunities such as utility-scale battery storage. Whatever the details, investors want to hear it from an engaged, motivated CEO.As for earnings, Wall Street expects quarterly earnings of about 50 cents a share, down from 85 cents in the first quarter of 2023.Coming into Friday trading, Tesla stock has fallen 15% for the month and 40% for the year to","content":"<html><head></head><body><p>Tesla stock has been looking for a bottom, ahead of first-quarter earnings from the electric-vehicle company on April 23.</p><p>It&#39;s been a hard week for shareholders. Tesla stock has dropped every day, falling more than 12%. Tesla&#39;s large company layoffs, or about 10% of its 140,000-strong global workforce, disclosed on Monday, catalyzed the drop.</p><p>Now investors are waiting to hear from CEO Elon Musk next Tuesday. They are looking for a plan to reaccelerate growth, after first-quarter deliveries came in at about 387,000 units, down almost 9% year over year.</p><p>The plan could include new lower-priced vehicles, autonomous robotaxis, or other business opportunities such as utility-scale battery storage. Whatever the details, investors want to hear it from an engaged, motivated CEO.</p><p>As for earnings, Wall Street expects quarterly earnings of about 50 cents a share, down from 85 cents in the first quarter of 2023.</p><p>Since Tesla reported first-quarter delivery numbers, earnings estimates have come down from about 60 cents. Only time will tell whether estimates have come down far enough after the disappointing delivery number.</p><p>Coming into Friday trading, Tesla stock has fallen 15% for the month and 40% for the year to date. Shares were falling 2.1% in premarket trading at $146.83. S&amp;P 500 and Nasdaq Composite futures were down 0.5% and 0.8%, respectively, after Israel launched retaliatory strikes against Iran.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Has Had a Tough Week. Growth Plans From CEO Elon Musk Will Be Key</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Has Had a Tough Week. Growth Plans From CEO Elon Musk Will Be Key\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-19 21:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla stock has been looking for a bottom, ahead of first-quarter earnings from the electric-vehicle company on April 23.</p><p>It&#39;s been a hard week for shareholders. Tesla stock has dropped every day, falling more than 12%. Tesla&#39;s large company layoffs, or about 10% of its 140,000-strong global workforce, disclosed on Monday, catalyzed the drop.</p><p>Now investors are waiting to hear from CEO Elon Musk next Tuesday. They are looking for a plan to reaccelerate growth, after first-quarter deliveries came in at about 387,000 units, down almost 9% year over year.</p><p>The plan could include new lower-priced vehicles, autonomous robotaxis, or other business opportunities such as utility-scale battery storage. Whatever the details, investors want to hear it from an engaged, motivated CEO.</p><p>As for earnings, Wall Street expects quarterly earnings of about 50 cents a share, down from 85 cents in the first quarter of 2023.</p><p>Since Tesla reported first-quarter delivery numbers, earnings estimates have come down from about 60 cents. Only time will tell whether estimates have come down far enough after the disappointing delivery number.</p><p>Coming into Friday trading, Tesla stock has fallen 15% for the month and 40% for the year to date. Shares were falling 2.1% in premarket trading at $146.83. S&amp;P 500 and Nasdaq Composite futures were down 0.5% and 0.8%, respectively, after Israel launched retaliatory strikes against Iran.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","TSLL":"Direxion Daily TSLA Bull 2X Shares"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2428638065","content_text":"Tesla stock has been looking for a bottom, ahead of first-quarter earnings from the electric-vehicle company on April 23.It's been a hard week for shareholders. Tesla stock has dropped every day, falling more than 12%. Tesla's large company layoffs, or about 10% of its 140,000-strong global workforce, disclosed on Monday, catalyzed the drop.Now investors are waiting to hear from CEO Elon Musk next Tuesday. They are looking for a plan to reaccelerate growth, after first-quarter deliveries came in at about 387,000 units, down almost 9% year over year.The plan could include new lower-priced vehicles, autonomous robotaxis, or other business opportunities such as utility-scale battery storage. Whatever the details, investors want to hear it from an engaged, motivated CEO.As for earnings, Wall Street expects quarterly earnings of about 50 cents a share, down from 85 cents in the first quarter of 2023.Since Tesla reported first-quarter delivery numbers, earnings estimates have come down from about 60 cents. Only time will tell whether estimates have come down far enough after the disappointing delivery number.Coming into Friday trading, Tesla stock has fallen 15% for the month and 40% for the year to date. Shares were falling 2.1% in premarket trading at $146.83. S&P 500 and Nasdaq Composite futures were down 0.5% and 0.8%, respectively, after Israel launched retaliatory strikes against Iran.","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286663226687544,"gmtCreate":1711008481598,"gmtModify":1711008485380,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"$50.00 to $55 range","listText":"$50.00 to $55 range","text":"$50.00 to $55 range","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286663226687544","isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":279219505745976,"gmtCreate":1709190270580,"gmtModify":1709190275581,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"Apple's pursuit of AGI aims not just for superior intelligence but for a more human-like AI. Consider Apple's track record of achievement; it's earned unparalleled trust in the tech industry, standing out among FANG companies.","listText":"Apple's pursuit of AGI aims not just for superior intelligence but for a more human-like AI. Consider Apple's track record of achievement; it's earned unparalleled trust in the tech industry, standing out among FANG companies.","text":"Apple's pursuit of AGI aims not just for superior intelligence but for a more human-like AI. Consider Apple's track record of achievement; it's earned unparalleled trust in the tech industry, standing out among FANG companies.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/279219505745976","repostId":"2415655593","repostType":2,"isVote":1,"tweetType":1,"viewCount":567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278527301673264,"gmtCreate":1709027468269,"gmtModify":1709027657901,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"RIP&nbsp;Jacob Rothschild, the prominent British financier and philanthropist, passed away on February 26, 2024, at the age of 87. He will be remembered for his significant contributions to the financial world, his commitment to philanthropy, and his enduring support for the arts.","listText":"RIP&nbsp;Jacob Rothschild, the prominent British financier and philanthropist, passed away on February 26, 2024, at the age of 87. He will be remembered for his significant contributions to the financial world, his commitment to philanthropy, and his enduring support for the arts.","text":"RIP Jacob Rothschild, the prominent British financier and philanthropist, passed away on February 26, 2024, at the age of 87. He will be remembered for his significant contributions to the financial world, his commitment to philanthropy, and his enduring support for the arts.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278527301673264","repostId":"1183417973","repostType":2,"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":274300500766936,"gmtCreate":1708005845927,"gmtModify":1708008836379,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"This is the essence of innovation - not through government control, but through the unfettered spirit of free competition.","listText":"This is the essence of innovation - not through government control, but through the unfettered spirit of free competition.","text":"This is the essence of innovation - not through government control, but through the unfettered spirit of free competition.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/274300500766936","repostId":"1194802932","repostType":4,"repost":{"id":"1194802932","pubTimestamp":1708008175,"share":"https://ttm.financial/m/news/1194802932?lang=&edition=fundamental","pubTime":"2024-02-15 22:42","market":"us","language":"en","title":"Alphabet Slips Over 3% As OpenAI Said to Be Working on Search Product: Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1194802932","media":"Seeking Alpha","summary":"Alphabet   shares slipped over 1.5% in premarket trading on Thursday as OpenAI is reportedly working on a web search product that could place it further in competition with the Sundar Pichai-led tech giant.The search service may be partly powered by Microsoft's  Bing, The Information reported, citing a person with knowledge of OpenAI's plans.Microsoft invested multiple billions of dollars into the Sam Altman-led company last year and has been integrating its technology into a number of its produ","content":"<html><head></head><body><p>Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) shares slipped over 3% in morning trading on Thursday as OpenAI is reportedly working on a web search product that could place it further in competition with the Sundar Pichai-led tech giant.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbcffd245520ed0b1fad9e6570662394\" tg-width=\"401\" tg-height=\"141\"/></p><p style=\"text-align: left;\">The search service may be partly powered by Microsoft&#39;s (NASDAQ:MSFT) Bing, The Information reported, citing a person with knowledge of OpenAI&#39;s plans.</p><p style=\"text-align: left;\">Microsoft invested multiple billions of dollars into the Sam Altman-led company last year and has been integrating its technology into a number of its products and services, including its Bing search engine.</p><p style=\"text-align: left;\">Microsoft, OpenAI and Google did not immediately respond to a request for comment from Seeking Alpha.</p><p style=\"text-align: left;\">At this point, it is not clear if the search product would be separate from OpenAI&#39;s ChatGPT, which took the world by storm in late 2022 and helped usher in the current generative artificial intelligence craze in the tech industry.</p><p style=\"text-align: left;\">Google generated roughly $150B in revenue from search ads and has maintained a roughly 90% share of the search market, though ChatGPT has started to eat into some of that, according to a November analysis by Bank of America.</p><p style=\"text-align: left;\">Microsoft Chief Financial Officer Amy Hood said last year that every percentage point of share Bing won was worth roughly $2B in advertising revenue.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet Slips Over 3% As OpenAI Said to Be Working on Search Product: Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlphabet Slips Over 3% As OpenAI Said to Be Working on Search Product: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-15 22:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4067581-google-slips-openai-working-on-search-product-report><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) shares slipped over 3% in morning trading on Thursday as OpenAI is reportedly working on a web search product that could place it further in competition with the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4067581-google-slips-openai-working-on-search-product-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/news/4067581-google-slips-openai-working-on-search-product-report","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1194802932","content_text":"Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) shares slipped over 3% in morning trading on Thursday as OpenAI is reportedly working on a web search product that could place it further in competition with the Sundar Pichai-led tech giant.The search service may be partly powered by Microsoft's (NASDAQ:MSFT) Bing, The Information reported, citing a person with knowledge of OpenAI's plans.Microsoft invested multiple billions of dollars into the Sam Altman-led company last year and has been integrating its technology into a number of its products and services, including its Bing search engine.Microsoft, OpenAI and Google did not immediately respond to a request for comment from Seeking Alpha.At this point, it is not clear if the search product would be separate from OpenAI's ChatGPT, which took the world by storm in late 2022 and helped usher in the current generative artificial intelligence craze in the tech industry.Google generated roughly $150B in revenue from search ads and has maintained a roughly 90% share of the search market, though ChatGPT has started to eat into some of that, according to a November analysis by Bank of America.Microsoft Chief Financial Officer Amy Hood said last year that every percentage point of share Bing won was worth roughly $2B in advertising revenue.","news_type":1},"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":270721205420112,"gmtCreate":1707131922868,"gmtModify":1707132147688,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"I'm struggling to understand. Is he the main cause of the social media issues affecting young teens, leading to self-harm, and are we unintentionally contributing to his wealth? Just makes me sick to my stomach&nbsp;","listText":"I'm struggling to understand. Is he the main cause of the social media issues affecting young teens, leading to self-harm, and are we unintentionally contributing to his wealth? Just makes me sick to my stomach&nbsp;","text":"I'm struggling to understand. Is he the main cause of the social media issues affecting young teens, leading to self-harm, and are we unintentionally contributing to his wealth? Just makes me sick to my stomach","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/270721205420112","repostId":"2409007106","repostType":2,"repost":{"id":"2409007106","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1707131182,"share":"https://ttm.financial/m/news/2409007106?lang=&edition=fundamental","pubTime":"2024-02-05 19:06","market":"us","language":"en","title":"Zuckerberg Climbs to No. 4 on the Billionaire List, Thanks to Meta's Surge","url":"https://stock-news.laohu8.com/highlight/detail?id=2409007106","media":"Dow Jones","summary":"Meta Platforms CEO Mark Zuckerberg is now the fourth richest person in the world following a surge in Meta's share price that has increased his net worth more than any other individual this year.In 2024 so far, Zuckerberg's fortune has climbed by $42.4 billion, which has vaulted him to fourth place on Bloomberg's Billionaire Index. He has now overtaken Microsoft co-founder Bill Gates, who dropped to fifth-wealthiest billionaire.Zuckerberg, who owns a 13% stake in Meta , is now worth $170 billion, thanks to a surge in shares in the social media company he first set up in 2004 while a student at Harvard University.Zuckerberg now sits behind No. 1 billionaire Tesla  CEO Elon Musk  and Amazon  founder Jeff Bezos, whose wealth climbed to $197 billion from $144 billion on Friday.The fast-paced growth in Zuckerberg's net worth saw him top the ranks of those who have made the sharpest increases in their wealth this year, ahead of Indian steel magnate Gautam Adani and Nvidia  CEO Jensen Huang.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> CEO Mark Zuckerberg is now the fourth richest person in the world following a surge in Meta&#39;s share price that has increased his net worth more than any other individual this year.</p><p>In 2024 so far, Zuckerberg&#39;s fortune has climbed by $42.4 billion, which has vaulted him to fourth place on Bloomberg&#39;s Billionaire Index. He has now overtaken Microsoft co-founder Bill Gates, who dropped to fifth-wealthiest billionaire.</p><p>Zuckerberg, who owns a 13% stake in Meta (META), is now worth $170 billion, thanks to a surge in shares in the social media company he first set up in 2004 while a student at Harvard University.</p><p>Shares in Meta rocketed 20% higher on Friday to a new record of $474.99, following the Facebook owner&#39;s decision to declare a first-ever dividend on the back of a sharp increase in the company&#39;s revenue. The company added $204.5 billion to its valuation - the largest one-day market-cap haul in Wall Street history.</p><p>Meta shares have increased by 34% in 2024 and 154% over the previous 12 months, with stock in the California company up 1,149% since Facebook&#39;s initial public offering in 2012. Facebook changed its name to Meta Platforms in October 2021.</p><p>Zuckerberg, who became the world&#39;s youngest self-made billionaire aged 23 in 2007, is also set to receive $700 million a year in dividends from Meta via his stake in the company.</p><p>The increases have seen the 39-year-old, who was born in White Plains, New York, ascend the ranks of Bloomberg&#39;s Billionaire Index, which is now increasingly dominated by U.S. tech billionaires.</p><p>Zuckerberg now sits behind No. 1 billionaire Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> CEO Elon Musk ($205 billion) and Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> founder Jeff Bezos, whose wealth climbed to $197 billion from $144 billion on Friday.</p><p>No. 2 billionaire Bezos has now replaced LVMH (FR:MC) CEO Bernard Arnault ($185 billion), who slipped to No. 3. A big earnings beat and encouraging cloud talk from Amazon drove a 7.8% gain for shares on Friday.</p><p>No. 5, Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> founder Bill Gates is worth $145 billion.</p><p>Just two individuals listed on the top 10 - luxury goods tycoon Bernard Arnault and Berkshire Hathaway <a href=\"https://laohu8.com/S/BRK.B\">$(BRK.B)$</a> CEO Warren Buffett - made their money outside the tech industry.</p><p>The fast-paced growth in Zuckerberg&#39;s net worth saw him top the ranks of those who have made the sharpest increases in their wealth this year, ahead of Indian steel magnate Gautam Adani and Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> CEO Jensen Huang.</p><p>Zuckerberg&#39;s bulging net worth comes as the world&#39;s richest person, Elon Musk, has seen his wealth drop by more than any other individual in 2024 so far. His net worth has decreased by $24.2 billion so far this year, following a sharp 24% drop in Tesla&#39;s share price. Musk currently owns a 13% stake in Tesla.</p><p>Zuckerberg, alongside billionaires including Warren Buffett and Bill Gates, has vowed to give away 99% of his wealth.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zuckerberg Climbs to No. 4 on the Billionaire List, Thanks to Meta's Surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZuckerberg Climbs to No. 4 on the Billionaire List, Thanks to Meta's Surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-02-05 19:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> CEO Mark Zuckerberg is now the fourth richest person in the world following a surge in Meta&#39;s share price that has increased his net worth more than any other individual this year.</p><p>In 2024 so far, Zuckerberg&#39;s fortune has climbed by $42.4 billion, which has vaulted him to fourth place on Bloomberg&#39;s Billionaire Index. He has now overtaken Microsoft co-founder Bill Gates, who dropped to fifth-wealthiest billionaire.</p><p>Zuckerberg, who owns a 13% stake in Meta (META), is now worth $170 billion, thanks to a surge in shares in the social media company he first set up in 2004 while a student at Harvard University.</p><p>Shares in Meta rocketed 20% higher on Friday to a new record of $474.99, following the Facebook owner&#39;s decision to declare a first-ever dividend on the back of a sharp increase in the company&#39;s revenue. The company added $204.5 billion to its valuation - the largest one-day market-cap haul in Wall Street history.</p><p>Meta shares have increased by 34% in 2024 and 154% over the previous 12 months, with stock in the California company up 1,149% since Facebook&#39;s initial public offering in 2012. Facebook changed its name to Meta Platforms in October 2021.</p><p>Zuckerberg, who became the world&#39;s youngest self-made billionaire aged 23 in 2007, is also set to receive $700 million a year in dividends from Meta via his stake in the company.</p><p>The increases have seen the 39-year-old, who was born in White Plains, New York, ascend the ranks of Bloomberg&#39;s Billionaire Index, which is now increasingly dominated by U.S. tech billionaires.</p><p>Zuckerberg now sits behind No. 1 billionaire Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> CEO Elon Musk ($205 billion) and Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> founder Jeff Bezos, whose wealth climbed to $197 billion from $144 billion on Friday.</p><p>No. 2 billionaire Bezos has now replaced LVMH (FR:MC) CEO Bernard Arnault ($185 billion), who slipped to No. 3. A big earnings beat and encouraging cloud talk from Amazon drove a 7.8% gain for shares on Friday.</p><p>No. 5, Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> founder Bill Gates is worth $145 billion.</p><p>Just two individuals listed on the top 10 - luxury goods tycoon Bernard Arnault and Berkshire Hathaway <a href=\"https://laohu8.com/S/BRK.B\">$(BRK.B)$</a> CEO Warren Buffett - made their money outside the tech industry.</p><p>The fast-paced growth in Zuckerberg&#39;s net worth saw him top the ranks of those who have made the sharpest increases in their wealth this year, ahead of Indian steel magnate Gautam Adani and Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> CEO Jensen Huang.</p><p>Zuckerberg&#39;s bulging net worth comes as the world&#39;s richest person, Elon Musk, has seen his wealth drop by more than any other individual in 2024 so far. His net worth has decreased by $24.2 billion so far this year, following a sharp 24% drop in Tesla&#39;s share price. Musk currently owns a 13% stake in Tesla.</p><p>Zuckerberg, alongside billionaires including Warren Buffett and Bill Gates, has vowed to give away 99% of his wealth.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4538":"云计算","BK4077":"互动媒体与服务","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4141":"半导体产品","META":"Meta Platforms, Inc.","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","AMZN":"亚马逊","NVDA":"英伟达","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BRK.B":"伯克希尔B","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4561":"索罗斯持仓","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","BK4097":"系统软件","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","MSFT":"微软","LU0079474960.USD":"联博美国增长基金A","BK4176":"多领域控股","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4516":"特朗普概念","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","BK4532":"文艺复兴科技持仓","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4567":"ESG概念","LU0109392836.USD":"富兰克林科技股A","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4535":"淡马锡持仓","TSLA":"特斯拉","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4566":"资本集团","BK4220":"综合零售"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2409007106","content_text":"Meta Platforms CEO Mark Zuckerberg is now the fourth richest person in the world following a surge in Meta's share price that has increased his net worth more than any other individual this year.In 2024 so far, Zuckerberg's fortune has climbed by $42.4 billion, which has vaulted him to fourth place on Bloomberg's Billionaire Index. He has now overtaken Microsoft co-founder Bill Gates, who dropped to fifth-wealthiest billionaire.Zuckerberg, who owns a 13% stake in Meta (META), is now worth $170 billion, thanks to a surge in shares in the social media company he first set up in 2004 while a student at Harvard University.Shares in Meta rocketed 20% higher on Friday to a new record of $474.99, following the Facebook owner's decision to declare a first-ever dividend on the back of a sharp increase in the company's revenue. The company added $204.5 billion to its valuation - the largest one-day market-cap haul in Wall Street history.Meta shares have increased by 34% in 2024 and 154% over the previous 12 months, with stock in the California company up 1,149% since Facebook's initial public offering in 2012. Facebook changed its name to Meta Platforms in October 2021.Zuckerberg, who became the world's youngest self-made billionaire aged 23 in 2007, is also set to receive $700 million a year in dividends from Meta via his stake in the company.The increases have seen the 39-year-old, who was born in White Plains, New York, ascend the ranks of Bloomberg's Billionaire Index, which is now increasingly dominated by U.S. tech billionaires.Zuckerberg now sits behind No. 1 billionaire Tesla $(TSLA)$ CEO Elon Musk ($205 billion) and Amazon $(AMZN)$ founder Jeff Bezos, whose wealth climbed to $197 billion from $144 billion on Friday.No. 2 billionaire Bezos has now replaced LVMH (FR:MC) CEO Bernard Arnault ($185 billion), who slipped to No. 3. A big earnings beat and encouraging cloud talk from Amazon drove a 7.8% gain for shares on Friday.No. 5, Microsoft $(MSFT)$ founder Bill Gates is worth $145 billion.Just two individuals listed on the top 10 - luxury goods tycoon Bernard Arnault and Berkshire Hathaway $(BRK.B)$ CEO Warren Buffett - made their money outside the tech industry.The fast-paced growth in Zuckerberg's net worth saw him top the ranks of those who have made the sharpest increases in their wealth this year, ahead of Indian steel magnate Gautam Adani and Nvidia $(NVDA)$ CEO Jensen Huang.Zuckerberg's bulging net worth comes as the world's richest person, Elon Musk, has seen his wealth drop by more than any other individual in 2024 so far. His net worth has decreased by $24.2 billion so far this year, following a sharp 24% drop in Tesla's share price. Musk currently owns a 13% stake in Tesla.Zuckerberg, alongside billionaires including Warren Buffett and Bill Gates, has vowed to give away 99% of his wealth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4105170754305350","authorId":"4105170754305350","name":"Miraiyuni","avatar":"https://community-static.tradeup.com/news/2d50dbab98f6c948d5375d01f41a0c8f","crmLevel":6,"crmLevelSwitch":1,"idStr":"4105170754305350","authorIdStr":"4105170754305350"},"content":"Its the fact that parents who are negligent on their childs phone usage are at fault but do not want to point fingers at themselves and instead point it at zuckerberg in order to not be held accountable for their actions.","text":"Its the fact that parents who are negligent on their childs phone usage are at fault but do not want to point fingers at themselves and instead point it at zuckerberg in order to not be held accountable for their actions.","html":"Its the fact that parents who are negligent on their childs phone usage are at fault but do not want to point fingers at themselves and instead point it at zuckerberg in order to not be held accountable for their actions."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":264090382053536,"gmtCreate":1705494662558,"gmtModify":1705500594154,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"Exactly the point I made...","listText":"Exactly the point I made...","text":"Exactly the point I made...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/264090382053536","repostId":"1143612163","repostType":2,"repost":{"id":"1143612163","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1705494600,"share":"https://ttm.financial/m/news/1143612163?lang=&edition=fundamental","pubTime":"2024-01-17 20:30","market":"us","language":"en","title":"Ross Gerber Says Elon Musk Should Buy Tesla Stock \"Like Rest Of Us\" If He Wants 25% Voting Rights","url":"https://stock-news.laohu8.com/highlight/detail?id=1143612163","media":"Benzinga","summary":"ZINGER KEY POINTSMusk has said he feels \"uncomfortable\" steering Tesla toward becoming a leader in AI/robotics without having 25% voting control.Despite Musk's desire for more influence, Gerber argued","content":"<html><head></head><body><h4 id=\"id_750125108\" style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul style=\"list-style-type: disc;\"><li><p>Musk has said he feels &#34;uncomfortable&#34; steering Tesla toward becoming a leader in AI/robotics without having 25% voting control.</p></li><li><p>Despite Musk&#39;s desire for more influence, Gerber argued that additional control seems unnecessary.</p></li><li><p>&#34;Nobody has any influence over Tesla except Elon, and so, I don&#39;t know what he is talking about,&#34; Gerber said.</p></li></ul><p><strong>Ross Gerber</strong>, President and CEO of <strong>Gerber Kawasaki Wealth and Investment Management</strong> and a <strong>Tesla Inc</strong> TSLA investor, reflected on <strong>Elon Musk</strong>‘s request for a 25% voting stake in the company on Wednesday.</p><p style=\"text-align: start;\"><strong>What Happened:</strong> In an interview with Yahoo Finance, Gerber expressed his view, stating, “I think he should buy the stock. I think he should use his money and buy Tesla for like $25 or $30 billion like the rest of us.” </p><p style=\"text-align: start;\">He found the idea of shareholders granting Musk $30 billion worth of stock confusing, emphasizing that, as the CEO, Musk’s “fiduciary duty” is to transform Tesla into an AI/robotics company—a task for which he has already been compensated $50 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab959455df6ba83eaa75fd7c5a5e96e9\" tg-width=\"829\" tg-height=\"903\"/></p><p><strong>Musk’s Stance:</strong> Musk mentioned on X on Monday that he feels “uncomfortable” steering Tesla toward becoming a leader in AI/robotics without possessing around 25% voting control. He indicated a preference for developing products outside of Tesla unless he attained this level of control.</p><p style=\"text-align: start;\"><strong>Gerber’s Perspective:</strong> Despite Musk’s desire for more influence, Gerber argued that additional control seems unnecessary, given that Musk is currently the sole influential figure at Tesla, with his friends and family occupying positions on the board of directors. </p><p style=\"text-align: start;\">Gerber stated, “Nobody has any influence over Tesla except Elon, and so, I don’t know what he is talking about. Tesla is the closest thing to a private company as a public company.”</p><p><strong>Musk’s Stake:</strong> As of now, Musk holds over 411 million shares in Tesla, constituting approximately a 13% stake.</p><p style=\"text-align: start;\"><strong>Price Action:</strong> According to data from Benzinga Pro, Tesla shares closed up 0.5% at $219.91 on Tuesday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ross Gerber Says Elon Musk Should Buy Tesla Stock \"Like Rest Of Us\" If He Wants 25% Voting Rights</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoss Gerber Says Elon Musk Should Buy Tesla Stock \"Like Rest Of Us\" If He Wants 25% Voting Rights\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-01-17 20:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h4 id=\"id_750125108\" style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul style=\"list-style-type: disc;\"><li><p>Musk has said he feels &#34;uncomfortable&#34; steering Tesla toward becoming a leader in AI/robotics without having 25% voting control.</p></li><li><p>Despite Musk&#39;s desire for more influence, Gerber argued that additional control seems unnecessary.</p></li><li><p>&#34;Nobody has any influence over Tesla except Elon, and so, I don&#39;t know what he is talking about,&#34; Gerber said.</p></li></ul><p><strong>Ross Gerber</strong>, President and CEO of <strong>Gerber Kawasaki Wealth and Investment Management</strong> and a <strong>Tesla Inc</strong> TSLA investor, reflected on <strong>Elon Musk</strong>‘s request for a 25% voting stake in the company on Wednesday.</p><p style=\"text-align: start;\"><strong>What Happened:</strong> In an interview with Yahoo Finance, Gerber expressed his view, stating, “I think he should buy the stock. I think he should use his money and buy Tesla for like $25 or $30 billion like the rest of us.” </p><p style=\"text-align: start;\">He found the idea of shareholders granting Musk $30 billion worth of stock confusing, emphasizing that, as the CEO, Musk’s “fiduciary duty” is to transform Tesla into an AI/robotics company—a task for which he has already been compensated $50 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab959455df6ba83eaa75fd7c5a5e96e9\" tg-width=\"829\" tg-height=\"903\"/></p><p><strong>Musk’s Stance:</strong> Musk mentioned on X on Monday that he feels “uncomfortable” steering Tesla toward becoming a leader in AI/robotics without possessing around 25% voting control. He indicated a preference for developing products outside of Tesla unless he attained this level of control.</p><p style=\"text-align: start;\"><strong>Gerber’s Perspective:</strong> Despite Musk’s desire for more influence, Gerber argued that additional control seems unnecessary, given that Musk is currently the sole influential figure at Tesla, with his friends and family occupying positions on the board of directors. </p><p style=\"text-align: start;\">Gerber stated, “Nobody has any influence over Tesla except Elon, and so, I don’t know what he is talking about. Tesla is the closest thing to a private company as a public company.”</p><p><strong>Musk’s Stake:</strong> As of now, Musk holds over 411 million shares in Tesla, constituting approximately a 13% stake.</p><p style=\"text-align: start;\"><strong>Price Action:</strong> According to data from Benzinga Pro, Tesla shares closed up 0.5% at $219.91 on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143612163","content_text":"ZINGER KEY POINTSMusk has said he feels \"uncomfortable\" steering Tesla toward becoming a leader in AI/robotics without having 25% voting control.Despite Musk's desire for more influence, Gerber argued that additional control seems unnecessary.\"Nobody has any influence over Tesla except Elon, and so, I don't know what he is talking about,\" Gerber said.Ross Gerber, President and CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla Inc TSLA investor, reflected on Elon Musk‘s request for a 25% voting stake in the company on Wednesday.What Happened: In an interview with Yahoo Finance, Gerber expressed his view, stating, “I think he should buy the stock. I think he should use his money and buy Tesla for like $25 or $30 billion like the rest of us.” He found the idea of shareholders granting Musk $30 billion worth of stock confusing, emphasizing that, as the CEO, Musk’s “fiduciary duty” is to transform Tesla into an AI/robotics company—a task for which he has already been compensated $50 billion.Musk’s Stance: Musk mentioned on X on Monday that he feels “uncomfortable” steering Tesla toward becoming a leader in AI/robotics without possessing around 25% voting control. He indicated a preference for developing products outside of Tesla unless he attained this level of control.Gerber’s Perspective: Despite Musk’s desire for more influence, Gerber argued that additional control seems unnecessary, given that Musk is currently the sole influential figure at Tesla, with his friends and family occupying positions on the board of directors. Gerber stated, “Nobody has any influence over Tesla except Elon, and so, I don’t know what he is talking about. Tesla is the closest thing to a private company as a public company.”Musk’s Stake: As of now, Musk holds over 411 million shares in Tesla, constituting approximately a 13% stake.Price Action: According to data from Benzinga Pro, Tesla shares closed up 0.5% at $219.91 on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258778821247048,"gmtCreate":1704212318559,"gmtModify":1704212419765,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"Happy New Year! I hope your biggest dream comes true in 2024. Let's work together to make it a reality.","listText":"Happy New Year! I hope your biggest dream comes true in 2024. Let's work together to make it a reality.","text":"Happy New Year! I hope your biggest dream comes true in 2024. Let's work together to make it a reality.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258778821247048","isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":274300500766936,"gmtCreate":1708005845927,"gmtModify":1708008836379,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"This is the essence of innovation - not through government control, but through the unfettered spirit of free competition.","listText":"This is the essence of innovation - not through government control, but through the unfettered spirit of free competition.","text":"This is the essence of innovation - not through government control, but through the unfettered spirit of free competition.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/274300500766936","repostId":"1194802932","repostType":4,"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":279219505745976,"gmtCreate":1709190270580,"gmtModify":1709190275581,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"Apple's pursuit of AGI aims not just for superior intelligence but for a more human-like AI. Consider Apple's track record of achievement; it's earned unparalleled trust in the tech industry, standing out among FANG companies.","listText":"Apple's pursuit of AGI aims not just for superior intelligence but for a more human-like AI. Consider Apple's track record of achievement; it's earned unparalleled trust in the tech industry, standing out among FANG companies.","text":"Apple's pursuit of AGI aims not just for superior intelligence but for a more human-like AI. Consider Apple's track record of achievement; it's earned unparalleled trust in the tech industry, standing out among FANG companies.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/279219505745976","repostId":"2415655593","repostType":2,"repost":{"id":"2415655593","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1709176956,"share":"https://ttm.financial/m/news/2415655593?lang=&edition=fundamental","pubTime":"2024-02-29 11:22","market":"us","language":"en","title":"Will Apple Create a Better AI? Questions Abound as Tim Cook Hints at What's to Come","url":"https://stock-news.laohu8.com/highlight/detail?id=2415655593","media":"Dow Jones","summary":"Apple Inc. has reportedly shelved its electric-car project and will be moving some of those engineers to work on AI, leading to questions such as how the iPhone maker will incorporate more artificial ","content":"<html><head></head><body><p>Apple Inc. has reportedly shelved its electric-car project and will be moving some of those engineers to work on AI, leading to questions such as how the iPhone maker will incorporate more artificial intelligence into its products, and whether it is creating its own generative AI - i.e., its own version of ChatGPT.</p><p>On Tuesday, Bloomberg reported that Apple was scrapping its much-rumored self-driving EV project, called Project Titan, after spending an estimated billions of dollars in R&amp;D over a decade. The Wall Street Journal reported that some employees will be shifted to Apple&#39;s AI efforts, while others working on car hardware will likely face layoffs.</p><p>Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> Chief Executive Tim Cook was not asked about the car project, which the company has never officially confirmed, at its virtual annual meeting Wednesday. But he again alluded to some potential news later this year in the realm of generative AI, while also noting that Apple sees &#34;incredible breakthrough potential for generative AI.&#34;</p><p>&#34;Later this year, I look forward to sharing with you the ways we will break new ground in generative AI, another technology we believe can redefine the future,&#34; Cook said Wednesday, according to CNBC.</p><p>While some on Wall Street may believe that Apple is standing still in AI, that is not the case. The company has been working on its own version of ChatGPT, according to a report by Bloomberg last summer, dubbed AppleGPT, and building its own framework, called Ajax, for large language models. It has also been testing a generative-AI tool called Ask with some AppleCare support employees, according to MacRumors. Bloomberg also reported that Apple is working on a rival system to Microsoft Corp.&#39;s <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> GitHub Copilot for software developers, that would use AI to predict complete blocks of code.</p><p>Apple never comments on unannounced products. But many reports speculate that the company will have some news about its latest work on AI at its Worldwide Developer Conference (WWDC) in June. The company is currently viewed on Wall Street as being behind in AI when compared to the rapid product development by Microsoft and Alphabet Inc.&#39;s <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> Google. It is worth noting though, that this is how Apple has operated for decades: by watching, waiting and then perfecting existing but early tech products. Whether AI is moving too rapidly for it to catch up, though, could be another potential issue.</p><p>Another item high on the list of what Apple might do with AI could be using some of its large language models to improve Siri, its natural-language digital assistant that helps iPhone users make phone calls, get directions and send texts. There have been many rumors of a Siri upgrade in the works.</p><p>&#34;The billion or so dollars put into [Project Titan] and what was learned from it will yield greater knowledge about AI that will influence and impact all of their products going forward,&#34; said Tim Bajarin, chairman of Creative Strategies and a longtime Apple watcher, in an email. &#34;AI will reinvent Siri.&#34;</p><p>While it seems hard to imagine right now that Apple would put a chatbot fueled by generative AI - which is massively compute- and power-intensive - onto a mobile device, Wedbush Securities analysts believe the upcoming iPhone 16 will incorporate generative AI.</p><p>Whether or not such an app would be useful or appeal to iPhone users, or whether it would expand the market, is another big question.</p><p>PC and chip makers in the past couple of months have been touting AI on edge devices like the PC. Apple, though, as a privacy-conscious company, might potentially limit its AI systems to using only the data customers have on their own devices,</p><p>Bajarin also believes Apple&#39;s AI efforts will have a great impact on the company&#39;s new spatial-computing headset, the Vision Pro, its first major new product in many years, and Apple&#39;s longer-term vision for AR (augmented reality) and spatial computing. Wedbush&#39;s Dan Ives, who believes that the Vision Pro will ultimately shrink in size and be priced at under $1,500, agrees that AI will play a big role in its future.</p><p>If Apple is indeed creating its own generative-AI system, will it be better and have fewer errors than OpenAI&#39;s ChatGPT, or Google&#39;s Gemini? Will the company, one that has focused on privacy concerns of its users, have a more ethical approach to AI? By watching and waiting, Apple could emerge with a highly ethical approach to AI, with better products.</p><p>How the company deals with and develops these latest AI technologies could be the biggest test of all for Cook&#39;s leadership.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Apple Create a Better AI? Questions Abound as Tim Cook Hints at What's to Come</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Apple Create a Better AI? Questions Abound as Tim Cook Hints at What's to Come\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-02-29 11:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Apple Inc. has reportedly shelved its electric-car project and will be moving some of those engineers to work on AI, leading to questions such as how the iPhone maker will incorporate more artificial intelligence into its products, and whether it is creating its own generative AI - i.e., its own version of ChatGPT.</p><p>On Tuesday, Bloomberg reported that Apple was scrapping its much-rumored self-driving EV project, called Project Titan, after spending an estimated billions of dollars in R&amp;D over a decade. The Wall Street Journal reported that some employees will be shifted to Apple&#39;s AI efforts, while others working on car hardware will likely face layoffs.</p><p>Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> Chief Executive Tim Cook was not asked about the car project, which the company has never officially confirmed, at its virtual annual meeting Wednesday. But he again alluded to some potential news later this year in the realm of generative AI, while also noting that Apple sees &#34;incredible breakthrough potential for generative AI.&#34;</p><p>&#34;Later this year, I look forward to sharing with you the ways we will break new ground in generative AI, another technology we believe can redefine the future,&#34; Cook said Wednesday, according to CNBC.</p><p>While some on Wall Street may believe that Apple is standing still in AI, that is not the case. The company has been working on its own version of ChatGPT, according to a report by Bloomberg last summer, dubbed AppleGPT, and building its own framework, called Ajax, for large language models. It has also been testing a generative-AI tool called Ask with some AppleCare support employees, according to MacRumors. Bloomberg also reported that Apple is working on a rival system to Microsoft Corp.&#39;s <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> GitHub Copilot for software developers, that would use AI to predict complete blocks of code.</p><p>Apple never comments on unannounced products. But many reports speculate that the company will have some news about its latest work on AI at its Worldwide Developer Conference (WWDC) in June. The company is currently viewed on Wall Street as being behind in AI when compared to the rapid product development by Microsoft and Alphabet Inc.&#39;s <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> Google. It is worth noting though, that this is how Apple has operated for decades: by watching, waiting and then perfecting existing but early tech products. Whether AI is moving too rapidly for it to catch up, though, could be another potential issue.</p><p>Another item high on the list of what Apple might do with AI could be using some of its large language models to improve Siri, its natural-language digital assistant that helps iPhone users make phone calls, get directions and send texts. There have been many rumors of a Siri upgrade in the works.</p><p>&#34;The billion or so dollars put into [Project Titan] and what was learned from it will yield greater knowledge about AI that will influence and impact all of their products going forward,&#34; said Tim Bajarin, chairman of Creative Strategies and a longtime Apple watcher, in an email. &#34;AI will reinvent Siri.&#34;</p><p>While it seems hard to imagine right now that Apple would put a chatbot fueled by generative AI - which is massively compute- and power-intensive - onto a mobile device, Wedbush Securities analysts believe the upcoming iPhone 16 will incorporate generative AI.</p><p>Whether or not such an app would be useful or appeal to iPhone users, or whether it would expand the market, is another big question.</p><p>PC and chip makers in the past couple of months have been touting AI on edge devices like the PC. Apple, though, as a privacy-conscious company, might potentially limit its AI systems to using only the data customers have on their own devices,</p><p>Bajarin also believes Apple&#39;s AI efforts will have a great impact on the company&#39;s new spatial-computing headset, the Vision Pro, its first major new product in many years, and Apple&#39;s longer-term vision for AR (augmented reality) and spatial computing. Wedbush&#39;s Dan Ives, who believes that the Vision Pro will ultimately shrink in size and be priced at under $1,500, agrees that AI will play a big role in its future.</p><p>If Apple is indeed creating its own generative-AI system, will it be better and have fewer errors than OpenAI&#39;s ChatGPT, or Google&#39;s Gemini? Will the company, one that has focused on privacy concerns of its users, have a more ethical approach to AI? By watching and waiting, Apple could emerge with a highly ethical approach to AI, with better products.</p><p>How the company deals with and develops these latest AI technologies could be the biggest test of all for Cook&#39;s leadership.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","BK4501":"段永平概念","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BK4579":"人工智能","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4503":"景林资产持仓","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4574":"无人驾驶","BK4573":"虚拟现实","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","GOOG":"谷歌","BK4504":"桥水持仓","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","GOOGL":"谷歌A","BK4548":"巴美列捷福持仓","LU0238689110.USD":"贝莱德环球动力股票基金","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0072462426.USD":"贝莱德全球配置 A2","MSFT":"微软","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","BK4532":"文艺复兴科技持仓","LU0080751232.USD":"富达环球多元动力基金A","AAPL":"苹果","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4592":"伊斯兰概念","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","TIMB":"TIM","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","BK4525":"远程办公概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2415655593","content_text":"Apple Inc. has reportedly shelved its electric-car project and will be moving some of those engineers to work on AI, leading to questions such as how the iPhone maker will incorporate more artificial intelligence into its products, and whether it is creating its own generative AI - i.e., its own version of ChatGPT.On Tuesday, Bloomberg reported that Apple was scrapping its much-rumored self-driving EV project, called Project Titan, after spending an estimated billions of dollars in R&D over a decade. The Wall Street Journal reported that some employees will be shifted to Apple's AI efforts, while others working on car hardware will likely face layoffs.Apple $(AAPL)$ Chief Executive Tim Cook was not asked about the car project, which the company has never officially confirmed, at its virtual annual meeting Wednesday. But he again alluded to some potential news later this year in the realm of generative AI, while also noting that Apple sees \"incredible breakthrough potential for generative AI.\"\"Later this year, I look forward to sharing with you the ways we will break new ground in generative AI, another technology we believe can redefine the future,\" Cook said Wednesday, according to CNBC.While some on Wall Street may believe that Apple is standing still in AI, that is not the case. The company has been working on its own version of ChatGPT, according to a report by Bloomberg last summer, dubbed AppleGPT, and building its own framework, called Ajax, for large language models. It has also been testing a generative-AI tool called Ask with some AppleCare support employees, according to MacRumors. Bloomberg also reported that Apple is working on a rival system to Microsoft Corp.'s $(MSFT)$ GitHub Copilot for software developers, that would use AI to predict complete blocks of code.Apple never comments on unannounced products. But many reports speculate that the company will have some news about its latest work on AI at its Worldwide Developer Conference (WWDC) in June. The company is currently viewed on Wall Street as being behind in AI when compared to the rapid product development by Microsoft and Alphabet Inc.'s $(GOOG)$ $(GOOGL)$ Google. It is worth noting though, that this is how Apple has operated for decades: by watching, waiting and then perfecting existing but early tech products. Whether AI is moving too rapidly for it to catch up, though, could be another potential issue.Another item high on the list of what Apple might do with AI could be using some of its large language models to improve Siri, its natural-language digital assistant that helps iPhone users make phone calls, get directions and send texts. There have been many rumors of a Siri upgrade in the works.\"The billion or so dollars put into [Project Titan] and what was learned from it will yield greater knowledge about AI that will influence and impact all of their products going forward,\" said Tim Bajarin, chairman of Creative Strategies and a longtime Apple watcher, in an email. \"AI will reinvent Siri.\"While it seems hard to imagine right now that Apple would put a chatbot fueled by generative AI - which is massively compute- and power-intensive - onto a mobile device, Wedbush Securities analysts believe the upcoming iPhone 16 will incorporate generative AI.Whether or not such an app would be useful or appeal to iPhone users, or whether it would expand the market, is another big question.PC and chip makers in the past couple of months have been touting AI on edge devices like the PC. Apple, though, as a privacy-conscious company, might potentially limit its AI systems to using only the data customers have on their own devices,Bajarin also believes Apple's AI efforts will have a great impact on the company's new spatial-computing headset, the Vision Pro, its first major new product in many years, and Apple's longer-term vision for AR (augmented reality) and spatial computing. Wedbush's Dan Ives, who believes that the Vision Pro will ultimately shrink in size and be priced at under $1,500, agrees that AI will play a big role in its future.If Apple is indeed creating its own generative-AI system, will it be better and have fewer errors than OpenAI's ChatGPT, or Google's Gemini? Will the company, one that has focused on privacy concerns of its users, have a more ethical approach to AI? By watching and waiting, Apple could emerge with a highly ethical approach to AI, with better products.How the company deals with and develops these latest AI technologies could be the biggest test of all for Cook's leadership.","news_type":1},"isVote":1,"tweetType":1,"viewCount":567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":299502168047680,"gmtCreate":1714140169624,"gmtModify":1714140427193,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"SEXYCT, too sexist for me I am too woke 😉","listText":"SEXYCT, too sexist for me I am too woke 😉","text":"SEXYCT, too sexist for me I am too woke 😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/299502168047680","repostId":"2430235151","repostType":2,"isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":270721205420112,"gmtCreate":1707131922868,"gmtModify":1707132147688,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"I'm struggling to understand. Is he the main cause of the social media issues affecting young teens, leading to self-harm, and are we unintentionally contributing to his wealth? Just makes me sick to my stomach&nbsp;","listText":"I'm struggling to understand. Is he the main cause of the social media issues affecting young teens, leading to self-harm, and are we unintentionally contributing to his wealth? Just makes me sick to my stomach&nbsp;","text":"I'm struggling to understand. Is he the main cause of the social media issues affecting young teens, leading to self-harm, and are we unintentionally contributing to his wealth? Just makes me sick to my stomach","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/270721205420112","repostId":"2409007106","repostType":2,"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4105170754305350","authorId":"4105170754305350","name":"Miraiyuni","avatar":"https://community-static.tradeup.com/news/2d50dbab98f6c948d5375d01f41a0c8f","crmLevel":6,"crmLevelSwitch":1,"idStr":"4105170754305350","authorIdStr":"4105170754305350"},"content":"Its the fact that parents who are negligent on their childs phone usage are at fault but do not want to point fingers at themselves and instead point it at zuckerberg in order to not be held accountable for their actions.","text":"Its the fact that parents who are negligent on their childs phone usage are at fault but do not want to point fingers at themselves and instead point it at zuckerberg in order to not be held accountable for their actions.","html":"Its the fact that parents who are negligent on their childs phone usage are at fault but do not want to point fingers at themselves and instead point it at zuckerberg in order to not be held accountable for their actions."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":296977636405488,"gmtCreate":1713533066534,"gmtModify":1713857151411,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"Oh, fantastic! Because clearly, juggling a part-time CEO gig while managing global chaos is the epitome of success. And hey, who wouldn't want their candy *and* a $56 billion paycheck, right?&nbsp; I mean, that's just the logical conclusion of a free speech agenda. And bonus points for simultaneously wreaking havoc on Twitter and Tesla!","listText":"Oh, fantastic! Because clearly, juggling a part-time CEO gig while managing global chaos is the epitome of success. And hey, who wouldn't want their candy *and* a $56 billion paycheck, right?&nbsp; I mean, that's just the logical conclusion of a free speech agenda. And bonus points for simultaneously wreaking havoc on Twitter and Tesla!","text":"Oh, fantastic! Because clearly, juggling a part-time CEO gig while managing global chaos is the epitome of success. And hey, who wouldn't want their candy *and* a $56 billion paycheck, right? I mean, that's just the logical conclusion of a free speech agenda. And bonus points for simultaneously wreaking havoc on Twitter and Tesla!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/296977636405488","repostId":"2428638065","repostType":2,"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":264090382053536,"gmtCreate":1705494662558,"gmtModify":1705500594154,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"Exactly the point I made...","listText":"Exactly the point I made...","text":"Exactly the point I made...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/264090382053536","repostId":"1143612163","repostType":2,"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286663226687544,"gmtCreate":1711008481598,"gmtModify":1711008485380,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"$50.00 to $55 range","listText":"$50.00 to $55 range","text":"$50.00 to $55 range","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286663226687544","isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278527301673264,"gmtCreate":1709027468269,"gmtModify":1709027657901,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"RIP&nbsp;Jacob Rothschild, the prominent British financier and philanthropist, passed away on February 26, 2024, at the age of 87. He will be remembered for his significant contributions to the financial world, his commitment to philanthropy, and his enduring support for the arts.","listText":"RIP&nbsp;Jacob Rothschild, the prominent British financier and philanthropist, passed away on February 26, 2024, at the age of 87. He will be remembered for his significant contributions to the financial world, his commitment to philanthropy, and his enduring support for the arts.","text":"RIP Jacob Rothschild, the prominent British financier and philanthropist, passed away on February 26, 2024, at the age of 87. He will be remembered for his significant contributions to the financial world, his commitment to philanthropy, and his enduring support for the arts.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278527301673264","repostId":"1183417973","repostType":2,"repost":{"id":"1183417973","pubTimestamp":1709023800,"share":"https://ttm.financial/m/news/1183417973?lang=&edition=fundamental","pubTime":"2024-02-27 16:50","market":"other","language":"en","title":"Lord Jacob Rothschild Passes Away at 87: All You Need to Know About the Financier and Banking Family Scion","url":"https://stock-news.laohu8.com/highlight/detail?id=1183417973","media":"Bloomberg","summary":"St James’s Place, RIT among City firms he establishedGranted the Order of Merit by Queen Elizabeth II in 2002Jacob RothschildJacob Rothschild, the banker and philanthropist who left the family bank to","content":"<html><head></head><body><ul style=\"\"><li><p>St James’s Place, RIT among City firms he established</p></li><li><p>Granted the Order of Merit by Queen Elizabeth II in 2002</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa70a1b9fcf7dbda0bd94049902681e5\" alt=\"Jacob Rothschild\" title=\"Jacob Rothschild\" tg-width=\"1744\" tg-height=\"1163\"/><span>Jacob Rothschild</span></p><p style=\"text-align: start;\">Jacob Rothschild, the banker and philanthropist who left the family bank to build his own financial empire in the City of London, has died. He was 87.</p><p style=\"text-align: start;\">His family confirmed his death in a statement to the Press Association. No cause was given.</p><p style=\"text-align: start;\">“Our father Jacob was a towering presence in many peoples’ lives - a superbly accomplished financier, a champion of the arts and culture, a devoted public servant,” the family said in the statement, noting several of his philanthropic endeavors.</p><p style=\"text-align: start;\">A seventh-generation heir of the famed banking dynasty, Rothschild left N.M. Rothschild &amp; Sons Ltd. in 1980 to focus on Rothschild Investment Trust after resigning from the family firm over a dispute about its direction. The offshoot business — now known as RIT Capital Partners Plc — is today one of the UK’s largest investment trusts with £3.5 billion ($4.4 billion) in net assets at the end of November.</p><p style=\"text-align: start;\">Along with RIT, he co-founded the asset manager St. James’s Place Plc and formed part of a trio that joined forces three decades ago in a $21 billion aborted hostile takeover bid for British American Tobacco Plc, which if successful would have been one of the biggest takeovers of all time.</p><p>Jacob “returned the British branch of the Rothschild family to the ascendance,” said David Hawkins, founder of Cliveden Advisory, a London-based strategic consulting business for wealthy individuals and their investment firms. He had “acute business acumen.”</p><p style=\"text-align: start;\">Jacob Rothschild was also one of the UK’s leading philanthropists. He chaired the boards of the National Gallery and the National Heritage Lottery Fund.</p><p style=\"text-align: start;\">A noted art collector, he restored Spencer House in London and masterminded the five-year restoration of Waddesdon Manor, the 19th century country house in Buckinghamshire built by one of his many wealthy ancestors, from 1990 to 1995.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/119258ccb754f6995564ea4b79f3e2f1\" alt=\"Jacob Rothschild, left, with Sir James Goldsmith, center, and Kerry Packer launching their takeover bid for British American Tobacco Plc.\" title=\"Jacob Rothschild, left, with Sir James Goldsmith, center, and Kerry Packer launching their takeover bid for British American Tobacco Plc.\" tg-width=\"2000\" tg-height=\"1334\"/><span>Jacob Rothschild, left, with Sir James Goldsmith, center, and Kerry Packer launching their takeover bid for British American Tobacco Plc.</span></p><p style=\"text-align: start;\">Rothschild also followed other members of the far-flung family in having charitable interests in Israel. He was chairman of Yad Hanadiv, the family foundation, which gave the Knesset and the Supreme Court buildings to the nation.</p><p style=\"text-align: start;\">He was awarded the Order of Merit by Queen Elizabeth II in 2002. The order is given for service in the field of the arts, learning, literature and science, and are limited in number to 24 in the United Kingdom. Rothschild was among the rare people to have been painted by both Lucian Freud and David Hockney.</p><p style=\"text-align: start;\">“He made the very most of the privilege he was born into, contributing hugely to the cultural and commercial life of Britain,” Former UK chancellor George Osborne said in a post on X, formerly known as Twitter. “His contributions to the Waddesdon gallery make it one the jewels of the British Museum. Smart, curious, full of new projects and with a dry humour - he will be missed.”</p><h3 id=\"id_117999801\" style=\"text-align: start;\">Eton College</h3><p style=\"text-align: start;\">Nathaniel Charles Jacob Rothschild was born in April, 1936, educated at Eton College and the University of Oxford. In 1961, he married the late Serena Mary Dunn, a granddaughter of the Canadian financier Sir James Dunn. She was a British thoroughbred racehorse owner and managed Waddesdon Stud at the manor of the same name that has become one of the National Trust’s most visited properties.</p><p>Jacob Rothschild was a descendant of the renowned family of financiers founded in the Jewish ghetto of Frankfurt by Mayer Amschel Rothschild, a rare-coin dealer born in 1744 who advised German aristocrats on their finances. Mayer Amschel sent his sons to major European cities to do business with cash-strapped governments.</p><p style=\"text-align: start;\"><strong>Read more</strong>:</p><p style=\"text-align: start;\">Nathan Mayer Rothschild was the first to venture abroad when he arrived on English shores at the end of the 18th century. Nathan founded his namesake bank in 1810 and gained prominence for financing Britain’s military operations in the Napoleonic Wars.</p><p style=\"text-align: start;\">“They spent, I think, the first part of the 19th century making lots of money,” Jacob said of his ancestors in a 2021 Bloomberg Television interview. “They spent a lot of the second half of the 19th century spending it.”</p><p style=\"text-align: start;\">Jacob became a partner in N.M. Rothschild &amp; Sons four years after joining the family bank in 1959 and ran its corporate-finance department. About two decades later, he faced opposition in his efforts to expand the bank’s services from his father Victor and his cousin Evelyn, who took over from Victor as chairman in 1976.</p><p style=\"text-align: start;\">Jacob and Evelyn had a highly publicized split in 1980 over the former’s push to merge with S.G. Warburg &amp; Co., in the hopes of expanding internationally and competing with Wall Street firms. When Evelyn refused, Jacob quit and founded his offshoot investment vehicle, RIT.</p><h3 id=\"id_1828514729\" style=\"text-align: start;\">The Succession</h3><p style=\"text-align: start;\">Since debuting on the London Stock Exchange in 1988 in the wake of the deregulation of the city’s financial markets, RIT has grown more than 1,300%. Rothschild stepped down as RIT’s chairman in 2019, though his daughter, Hannah, 61, remained on the board of directors of the investment firm, where she oversees a stake of at least 10% now worth more than £250 million.</p><p style=\"text-align: start;\">Other companies he co-founded include Global Asset Management and St James’s Place, which was established in 1991 under the name of the J. Rothschild Assurance Group. Other posts included serving as deputy chairman for BSkyB for five years to 2008, the same year he stepped down from Blackstone’s board.</p><p>Jacob’s 52-year-old son, Nathaniel, chairman and the major shareholder of UK manufacturer Volex Plc, succeeds him as the 5th Baron Rothschild. The younger banking scion previously served as a RIT director before his elder sister, Hannah, took on a similar role in 2013.</p><p style=\"text-align: start;\">In addition to serving on RIT’s board of directors, Hannah is the only one of Jacob’s offspring to help run his private investment firm, Five Arrows Limited. Hannah, a former chair of the UK’s National Gallery, also helps to oversee her family’s charitable entities along with her other siblings Emily, 56, and Beth, who’s 60 this month.</p><p style=\"text-align: start;\">In recent years, there have been signs of closer ties between Jacob’s family and the rest of the dynasty. Hannah lent financial backing to the move last year to take private Rothschild &amp; Co, the bank that grew out of a merger between the Paris and UK banks. Evelyn, with whom Jacob had had differences, had played a big role in the coming together of the lenders. Evelyn died in 2022.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lord Jacob Rothschild Passes Away at 87: All You Need to Know About the Financier and Banking Family Scion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLord Jacob Rothschild Passes Away at 87: All You Need to Know About the Financier and Banking Family Scion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-27 16:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-02-26/jacob-rothschild-banker-who-broke-from-dynasty-dies-at-87><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>St James’s Place, RIT among City firms he establishedGranted the Order of Merit by Queen Elizabeth II in 2002Jacob RothschildJacob Rothschild, the banker and philanthropist who left the family bank to...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-26/jacob-rothschild-banker-who-broke-from-dynasty-dies-at-87\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2024-02-26/jacob-rothschild-banker-who-broke-from-dynasty-dies-at-87","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183417973","content_text":"St James’s Place, RIT among City firms he establishedGranted the Order of Merit by Queen Elizabeth II in 2002Jacob RothschildJacob Rothschild, the banker and philanthropist who left the family bank to build his own financial empire in the City of London, has died. He was 87.His family confirmed his death in a statement to the Press Association. No cause was given.“Our father Jacob was a towering presence in many peoples’ lives - a superbly accomplished financier, a champion of the arts and culture, a devoted public servant,” the family said in the statement, noting several of his philanthropic endeavors.A seventh-generation heir of the famed banking dynasty, Rothschild left N.M. Rothschild & Sons Ltd. in 1980 to focus on Rothschild Investment Trust after resigning from the family firm over a dispute about its direction. The offshoot business — now known as RIT Capital Partners Plc — is today one of the UK’s largest investment trusts with £3.5 billion ($4.4 billion) in net assets at the end of November.Along with RIT, he co-founded the asset manager St. James’s Place Plc and formed part of a trio that joined forces three decades ago in a $21 billion aborted hostile takeover bid for British American Tobacco Plc, which if successful would have been one of the biggest takeovers of all time.Jacob “returned the British branch of the Rothschild family to the ascendance,” said David Hawkins, founder of Cliveden Advisory, a London-based strategic consulting business for wealthy individuals and their investment firms. He had “acute business acumen.”Jacob Rothschild was also one of the UK’s leading philanthropists. He chaired the boards of the National Gallery and the National Heritage Lottery Fund.A noted art collector, he restored Spencer House in London and masterminded the five-year restoration of Waddesdon Manor, the 19th century country house in Buckinghamshire built by one of his many wealthy ancestors, from 1990 to 1995.Jacob Rothschild, left, with Sir James Goldsmith, center, and Kerry Packer launching their takeover bid for British American Tobacco Plc.Rothschild also followed other members of the far-flung family in having charitable interests in Israel. He was chairman of Yad Hanadiv, the family foundation, which gave the Knesset and the Supreme Court buildings to the nation.He was awarded the Order of Merit by Queen Elizabeth II in 2002. The order is given for service in the field of the arts, learning, literature and science, and are limited in number to 24 in the United Kingdom. Rothschild was among the rare people to have been painted by both Lucian Freud and David Hockney.“He made the very most of the privilege he was born into, contributing hugely to the cultural and commercial life of Britain,” Former UK chancellor George Osborne said in a post on X, formerly known as Twitter. “His contributions to the Waddesdon gallery make it one the jewels of the British Museum. Smart, curious, full of new projects and with a dry humour - he will be missed.”Eton CollegeNathaniel Charles Jacob Rothschild was born in April, 1936, educated at Eton College and the University of Oxford. In 1961, he married the late Serena Mary Dunn, a granddaughter of the Canadian financier Sir James Dunn. She was a British thoroughbred racehorse owner and managed Waddesdon Stud at the manor of the same name that has become one of the National Trust’s most visited properties.Jacob Rothschild was a descendant of the renowned family of financiers founded in the Jewish ghetto of Frankfurt by Mayer Amschel Rothschild, a rare-coin dealer born in 1744 who advised German aristocrats on their finances. Mayer Amschel sent his sons to major European cities to do business with cash-strapped governments.Read more:Nathan Mayer Rothschild was the first to venture abroad when he arrived on English shores at the end of the 18th century. Nathan founded his namesake bank in 1810 and gained prominence for financing Britain’s military operations in the Napoleonic Wars.“They spent, I think, the first part of the 19th century making lots of money,” Jacob said of his ancestors in a 2021 Bloomberg Television interview. “They spent a lot of the second half of the 19th century spending it.”Jacob became a partner in N.M. Rothschild & Sons four years after joining the family bank in 1959 and ran its corporate-finance department. About two decades later, he faced opposition in his efforts to expand the bank’s services from his father Victor and his cousin Evelyn, who took over from Victor as chairman in 1976.Jacob and Evelyn had a highly publicized split in 1980 over the former’s push to merge with S.G. Warburg & Co., in the hopes of expanding internationally and competing with Wall Street firms. When Evelyn refused, Jacob quit and founded his offshoot investment vehicle, RIT.The SuccessionSince debuting on the London Stock Exchange in 1988 in the wake of the deregulation of the city’s financial markets, RIT has grown more than 1,300%. Rothschild stepped down as RIT’s chairman in 2019, though his daughter, Hannah, 61, remained on the board of directors of the investment firm, where she oversees a stake of at least 10% now worth more than £250 million.Other companies he co-founded include Global Asset Management and St James’s Place, which was established in 1991 under the name of the J. Rothschild Assurance Group. Other posts included serving as deputy chairman for BSkyB for five years to 2008, the same year he stepped down from Blackstone’s board.Jacob’s 52-year-old son, Nathaniel, chairman and the major shareholder of UK manufacturer Volex Plc, succeeds him as the 5th Baron Rothschild. The younger banking scion previously served as a RIT director before his elder sister, Hannah, took on a similar role in 2013.In addition to serving on RIT’s board of directors, Hannah is the only one of Jacob’s offspring to help run his private investment firm, Five Arrows Limited. Hannah, a former chair of the UK’s National Gallery, also helps to oversee her family’s charitable entities along with her other siblings Emily, 56, and Beth, who’s 60 this month.In recent years, there have been signs of closer ties between Jacob’s family and the rest of the dynasty. Hannah lent financial backing to the move last year to take private Rothschild & Co, the bank that grew out of a merger between the Paris and UK banks. Evelyn, with whom Jacob had had differences, had played a big role in the coming together of the lenders. Evelyn died in 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258778821247048,"gmtCreate":1704212318559,"gmtModify":1704212419765,"author":{"id":"4164248365184512","authorId":"4164248365184512","name":"The Catalist","avatar":"https://community-static.tradeup.com/news/d4293b1965f0e74d91efa5f92655b72a","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4164248365184512","authorIdStr":"4164248365184512"},"themes":[],"htmlText":"Happy New Year! I hope your biggest dream comes true in 2024. Let's work together to make it a reality.","listText":"Happy New Year! I hope your biggest dream comes true in 2024. Let's work together to make it a reality.","text":"Happy New Year! I hope your biggest dream comes true in 2024. Let's work together to make it a reality.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258778821247048","isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}