Cathie Wood’s Ark Investment Management LLC is positive on Tesla Inc., expecting the stock to reach $2,600 in five years, or almost ten times its price. Wood stated in an interview with Bloomberg TV that Tesla’s robot taxis would account for 90% of the company’s worth at that period. Tesla has projects in humanoid robotics…
Palantir Technologies (NYSE: PLTR) has been on a remarkable run, with its stock climbing 11.9% over the past five days. The surge comes despite recent insider selling and some analysts downgrading the stock. So, what’s really happening? Let’s break it down. Insiders Cash Out—Should Investors Worry? One of the biggest red flags for investors is…
If you own a Tesla, you might have a new reason to worry. Lately, there’s been a surge in vandalism targeting Tesla vehicles, charging stations, and showrooms. From key scratches and smashed windows to full-blown arson, Tesla-related attacks are making headlines. Some believe this wave of destruction is tied to Elon Musk’s recent political involvement,…
Ford Motor Company is making waves again, but not for the reasons you might expect. While much of the auto industry has been racing toward an all-electric future, Ford has taken a different path—one that’s turning heads among investors. By doubling down on hybrid vehicles instead of going all-in on EVs, the company is proving…
Tesla has dominated the electric vehicle (EV) industry for years, but that might be changing. Chinese automaker BYD just reported a record-breaking $107 billion in revenue for 2024, officially surpassing Tesla’s $97.7 billion. This marks the first time Tesla has lost its top spot in earnings, showing just how quickly BYD has grown into a…
Investors are keeping an eye on Super Micro Computer Inc. (SMCI) because something significant is happening. Strong trust in the company’s future is demonstrated by the recent placement of a huge $7.2 million options bet. But why is this audacious action being made? Such high-value deals are not made randomly. They are frequently made by…
Palantir Technologies is in a strange spot right now. Its stock has dropped 27% recently, but at the same time, its artificial intelligence (AI) business is growing at an incredible pace. Investors are scratching their heads, wondering how a company can be doing so well yet see its stock price slide. Let’s break it down…
A raging fire has been burning for days at a Russian oil depot after a drone strike ignited massive fuel storage tanks, spilling thousands of barrels of oil. Thick black smoke has spread across the region, forcing evacuations and raising serious environmental concerns. While Russia blames Ukraine for the attack, tensions are soaring as both…
After weeks of turbulence, Wall Street finally saw a much-needed rebound on Monday. The stock market rallied, snapping a four-week losing streak that had investors worried about the economy’s direction. The S&P 500 jumped 1.8%, the Dow Jones Industrial Average climbed 1.4%, and the tech-heavy Nasdaq Composite led the way with a 2.3% gain. The…
Irisity, an AI monitoring business, is investing heavily to ensure its survival. To handle short-term cash flow issues, the firm recently secured a SEK 15 million credit facility from Stockhorn Capital AB, its largest shareholder. In order to ensure it has the funds to continue expanding, Irisity is also issuing a fully secured rights issue…