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TSLA

Benzinga's weekly review highlights significant first-quarter gains for major indexes and examines bullish and bearish perspectives on stocks like Apple, Tesla, and GameStop. The S&P 500 saw a 10.2% increase, the Dow Jones 5.6%, and the Nasdaq 9.1%. Inflation and spending reports suggest delayed Fed rate cuts. Bullish views include Apple's undervaluation, Tesla's Optimus robot project, and Dogecoin's surge. Bearish takes cover GameStop's performance, Boeing's CEO resignation, and Trump Media's valuation compared to Nvidia.

Portfolio Pulse from Michael Cohen

March 30, 2024 | 12:32 pm

FSR

GOEV

KARS

NKLA

TSLA

The electric vehicle (EV) sector experienced mixed sentiments despite the broader market's record high. Tesla faced reduced delivery targets and price target cuts due to demand issues, while promoting a free trial of its full-self driving software. Fisker announced significant price reductions for its EVs amid bankruptcy rumors. Nikola teased the return of its battery EV trucks and announced the opening of a hydrogen refueling station. Canoo acquired assets from bankrupt Arrival Automotive. BYD aims for a 20% sales growth in 2024. The KraneShares Electric Vehicles ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

March 30, 2024 | 12:21 pm

NVO

Sen. Bernie Sanders criticized the high prices of the diabetes drug Ozempic, produced by Novo Nordisk (NYSE:NVO), and is considering hearings and a meeting with the company's CEO to discuss price reductions. Sanders highlighted the disparity between the drug's production cost, less than $5 a month, and its selling price, nearly $1,000 a month in the U.S. Novo Nordisk defended its pricing, citing significant investments in research and development.

Portfolio Pulse from Rounak Jain

March 30, 2024 | 8:19 am

MSFT

Microsoft Corp. (NASDAQ:MSFT) and OpenAI are collaborating on a $100 billion supercomputer project named 'Stargate', expected to launch in 2028. The project aims to build the largest AI supercomputer, requiring extensive land and power resources. This initiative is part of a broader race for AI dominance, with Microsoft also making strategic hires and acquisitions to strengthen its AI capabilities.

Portfolio Pulse from Rounak Jain

March 30, 2024 | 7:30 am

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla bull, highlighted that Tesla effectively offers a $25,000 car through the resale of used Model Y vehicles. He pointed out the significant price drops in Tesla's used vehicles, including his own 2020 Model Y with full self-driving capability, which he is willing to sell for $25,000. The depreciation of Tesla vehicles has been a concern, with the average price of used Teslas declining for 19 consecutive months. Tesla is also planning to launch a new EV priced at around $25,000 by the second half of 2025.

Portfolio Pulse from Anan Ashraf

March 30, 2024 | 5:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) has initiated a 30-day free trial of its full self-driving (FSD) software in the U.S., with plans to expand to Canada. The trial aims to showcase the software's capabilities and Tesla's advancements in artificial intelligence, encouraging users to either purchase or subscribe to the FSD software. Tesla CEO Elon Musk has emphasized the importance of vehicle autonomy to the company's market value and has directed employees to install and demonstrate the latest FSD version before vehicle delivery.

Portfolio Pulse from Anan Ashraf

March 30, 2024 | 4:37 am

MSFT

The U.S. House has banned Microsoft Corp.'s Copilot AI chatbot for congressional staffers due to potential data leak risks. This decision aligns with broader governmental and corporate efforts to regulate AI's use and ensure data security. Microsoft plans to release government-oriented tools to address these concerns.

Portfolio Pulse from Rounak Jain

March 30, 2024 | 3:15 am

DJT

'Bond King' Bill Gross is actively trading options on Trump Media & Technology (NASDAQ:DJT), betting on the stock's high volatility. He's selling puts and calls with the expectation that DJT's stock will stay between $45 and $95. The stock, which went public through a merger with Digital World Acquisition Corp., has seen a significant increase, jumping 275% year-to-date. Trump Media's valuation has reached around $9 billion, despite modest revenues, making it a speculative favorite but also the most expensive US company to bet against.

Portfolio Pulse from Rounak Jain

March 30, 2024 | 2:07 am

DOGEUSD

ETHUSD

SOLUSD

Vitalik Buterin, Ethereum co-founder, criticizes the current trend of meme coins for lacking innovation and containing offensive content. He advocates for meme coins that support public goods and highlights the potential of 'Robin Hood games' like Axie Infinity, which may benefit low-income users. Buterin emphasizes the need for high-quality, positive projects in the crypto space.

Portfolio Pulse from Chris Katje

March 29, 2024 | 7:38 pm

COIN

Dogecoin (DOGE) experienced a significant 40.1% increase over the week, surpassing other major cryptocurrencies and reaching a two-year high. This surge is attributed to increased interest following news of social media platform X, owned by Elon Musk, gaining additional state licenses for payments, and Coinbase Global's (NASDAQ:COIN) announcement of introducing futures trading for Dogecoin. Dogecoin now ranks as the eighth most valuable cryptocurrency, with a market capitalization of $30.2 billion, and eyes moving up further.

Portfolio Pulse from Chris Katje

March 29, 2024 | 5:31 pm