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TSLA

This week's political updates include speculation on a Trump vs. Biden 2024 presidential race, with polls showing Trump leading. Elon Musk, CEO of SpaceX and Tesla Inc. (NASDAQ:TSLA), responded to Putin's nuclear threat with a terse comment on X. Biden's approval ratings are up, with voters blaming inflation on corporations. The Supreme Court ruled Trump can run in 2024, despite the 14th Amendment's insurrection ban. Trump also faced a $91M defamation judgment bailout, potentially leading to another lawsuit.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 12:16 pm

BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

MSFT

NVDA

TSLA

This week in tech saw escalating tensions between Elon Musk and OpenAI, Edward Snowden's commentary on AI pessimism, and discussions on Nvidia's H100 GPU's impact on tech spending. Musk accused OpenAI of dishonesty and data theft, while tech experts and analysts weighed in on the potential game-changing nature of Nvidia's GPU and the competitive landscape of Tesla's Optimus project in light of new entrants powered by Microsoft-backed OpenAI.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 7:15 am

GOOG

META

Prosecutors in Virginia are investigating Meta Platforms, Inc. (NASDAQ:META) for potentially facilitating and profiting from illegal drug sales on Facebook and Instagram. The investigation, led by Assistant U.S. Attorney Randy Ramseyer, involves subpoenas sent in 2023 as part of a criminal grand jury probe. Meta asserts it has policies against drug sales and collaborates with law enforcement to combat online drug sales. Additionally, NY Gov. Kathy Hochul accused Meta and Alphabet Inc (NASDAQ:GOOG) of promoting unlicensed cannabis businesses.

Portfolio Pulse from Maureen Meehan

March 17, 2024 | 12:58 am

FSR

KARS

PSNY

RIVN

TSLA

Mixed sentiment in the EV sector was influenced by Tesla's lowered delivery estimates and broader market concerns. Tesla faces challenges but sees opportunities in India with new EV policies. Fisker's bankruptcy rumors caused a significant stock drop. Rivian received a positive upgrade from Piper Sandler. Polestar announced a price cut for its upcoming SUV. The KraneShares Electric Vehicles ETF saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

March 16, 2024 | 2:42 pm

LCID

META

NVDA

SMH

TSLA

Benzinga's weekly review highlights significant movements and sentiments in the stock and cryptocurrency markets, with a focus on Nvidia, Tesla, Meta, and the broader semiconductor sector. Inflation concerns and Federal Reserve's interest rate decisions have created market uncertainty. A DEA rumor boosted cannabis stocks, while significant investments in AI and robotics, along with Elon Musk's comments on Dogecoin, influenced investor sentiment. Disputes and criticisms involving Lucid, Meta, and cryptocurrency valuations also shaped the week's bearish outlooks.

Portfolio Pulse from Michael Cohen

March 16, 2024 | 1:24 pm

TSLA

Tesla Inc (NASDAQ:TSLA) settled a racial discrimination lawsuit with former employee Owen Diaz, who worked at Tesla's Fremont factory in 2015. The lawsuit, which initially awarded Diaz $137 million, was settled for $3.2 million in April 2023. The settlement occurs amidst criticism of Tesla CEO Elon Musk for handling hate speech on his social media platform X and accusations of antisemitism.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 10:02 am

AAPL

Apple Inc. (NASDAQ:AAPL) has been denied a motion to dismiss a lawsuit alleging that its AirTag devices are being used by stalkers to track victims. The lawsuit, filed by around three dozen individuals, claims that Apple was aware of the risks associated with AirTags. U.S. District Judge Vince Chhabria ruled that it's too early to determine if Apple should be held legally responsible under California law for the misuse of AirTags. Some claims were dismissed, but three claims related to the AirTag's safety features leading to injuries were allowed to proceed.

Portfolio Pulse from Ananya Gairola

March 16, 2024 | 8:17 am

TSLA

Elon Musk responded to reports of Don Lemon's extravagant demands for hosting a show on X (formerly Twitter) with sharp criticism. Demands included a Tesla Cybertruck, $5M cash, an equity stake in X, and more. Despite initial agreement, Musk found Lemon's interview performance dull and dismissed him. Lemon plans to post the interview on YouTube and X, despite the fallout.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 5:11 am

TSLA

An Indiana jury found Tesla (NASDAQ:TSLA) and its employee liable for a 2017 crash involving a Ford truck, ordering them to pay over $42 million in damages. The verdict adds to Tesla's current legal and financial challenges, including a lawsuit over CEO Musk's pay package. Despite these issues, analysts like RBC Capital Markets' Tom Narayan remain optimistic about Tesla's future, particularly with the anticipated launch of an affordable car priced below $30,000.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 4:14 am