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The upcoming solar eclipse on April 8 is expected to boost the U.S. economy by $1.5 billion, particularly benefiting businesses in the eclipse's path. Historical data shows a positive correlation between solar eclipses and the Dow Jones Industrial Average's performance, with the Dow ending higher in 10 out of 13 total solar eclipse years since 1900. Companies like Airbnb, Choice Hotels International, United Airlines, Alaska Airlines, Amazon, Walmart, and Target are experiencing increased demand due to the eclipse, with significant surges in bookings, occupancy rates, and sales of eclipse-related products.

Portfolio Pulse from Bibhu Pattnaik

April 06, 2024 | 4:40 pm

CANOO

F

KARS

NKLA

RIVN

TSLA

Electric vehicle stocks experienced a sell-off in the week ending April 5, influenced by broader market trends and company-specific news. Tesla reported its first year-over-year sales decline since Q2 2020, attributing it to production transitions and disruptions. Despite this, Ark Invest purchased $76 million in Tesla shares. Rivian celebrated its 100,000th vehicle production, while Nikola exceeded Q1 delivery expectations. Ford delayed its EV production plans, and Canoo's shares plummeted after a disappointing forecast. The KraneShares Electric Vehicles ETF saw a slight increase on Friday but fell overall for the week.

Portfolio Pulse from Shanthi Rexaline

April 06, 2024 | 1:17 pm

BTCUSD

DOGEUSD

A viral post by a crypto trader, Shabby, on X (formerly Twitter) discusses the illusion of financial freedom through accumulating wealth, emphasizing that happiness and freedom are not tied to monetary values. The post, which garnered over 1 million views, sparked a debate among the crypto community, with various traders and a crypto VC firm's member weighing in on the relationship between wealth, happiness, and self-worth. The discussion reflects broader sentiments in the cryptocurrency space regarding greed, ambition, and the pursuit of wealth.

Portfolio Pulse from Ivan Crnogatić

April 06, 2024 | 1:05 pm

AAPL

HTZ

META

TSLA

Wall Street experienced significant declines, with the Dow dropping 2.27% in its steepest weekly fall of 2024. Treasury yields spiked following a report of higher-than-expected job growth. Bullish views include Tesla's AI project potential, Apple's new AI model ReALM, and support for Shiba Inu. Bearish perspectives involve Meta sharing user data, challenges for Bitcoin spot ETFs, and Hertz's issues with Tesla EVs.

Portfolio Pulse from Michael Cohen

April 06, 2024 | 12:56 pm

TSLA

Tesla has updated its website to indicate that new orders for the Cybertruck, including both the all-wheel drive version and the higher-end Cyberbeast, will now be delivered in 2025, a delay from the previously indicated 2024. The company allows a $250 fully refundable deposit for orders, with an invitation to configure the truck when it's ready. Despite not segmenting delivery numbers by model, Tesla reported producing 20,995 units of Model S, X, and Cybertruck cumulatively in the first quarter, with 17,027 units delivered. Tesla aims to deliver 250,000 Cybertrucks annually by 2025, facing production rather than demand challenges, with over a million pre-orders already placed. CEO Elon Musk has noted production is ramping up, though no official data supports this claim.

Portfolio Pulse from Anan Ashraf

April 06, 2024 | 8:37 am

TSLA

Tesla CEO Elon Musk announced the unveiling of its self-driving robotaxi on August 8, following rumors of scrapping plans for a low-cost EV. Analysts are divided, with Gene Munster supporting the focus on robotaxis, predicting their deployment by 2027, while Gary Black views the strategy as risky, fearing institutional investors might sell off Tesla stock. Tasha Keeney of ARK Invest is optimistic about the robotaxi's impact on Tesla's value. Musk has previously emphasized the importance of both a low-cost EV and robotaxis, suggesting they could share the same platform.

Portfolio Pulse from Anan Ashraf

April 06, 2024 | 8:10 am

DXYZ

The Destiny Tech100 (NYSE:DXYZ) fund, which invests in private high-growth tech companies like SpaceX and OpenAI, has seen its stock price skyrocket by 558% to a market value of $644 million in just two weeks since its listing on March 26. Despite a high management fee of 2.5%, the fund's significant holdings in companies such as SpaceX (34.6%), Epic Games (4%), OpenAI (3.8%), and Chime (1.9%) offer investors unique exposure to the private tech sector.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 3:18 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced its vehicles have driven one billion miles using its Full Self-Driving (FSD) software, a significant increase from below 800 million miles at the end of 2023. CEO Elon Musk praised the Tesla AI team and projected reaching 10 billion FSD miles soon. The milestone follows Tesla's efforts to boost FSD adoption, including a 30-day free trial in the U.S. and in-car demonstrations of its driver-assist features. Musk emphasized the importance of vehicle autonomy to Tesla's market value.

Portfolio Pulse from Anan Ashraf

April 06, 2024 | 2:43 am

META

Meta Platforms Inc (NASDAQ:META) is expanding its manipulated media policy to include labels for AI-generated content such as photos and audio on Facebook, Instagram, and Threads. This decision follows recommendations from the company's Oversight Board to provide context for manipulated media rather than removing it. The new policy, which adds to the existing one that only covered videos, aims to introduce 'Made with AI' labels starting May 2024. Meta's approach is to add informational labels to AI-generated content unless it violates its policies, moving away from automatic removal based solely on its manipulated video policy.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 1:45 am

AAPL

Wedbush analyst Dan Ives predicts Apple Inc. (AAPL) stock could soar to $250 with the unveiling of its AI strategy at WWDC 2024. Despite a 9% revenue decline from key supplier Foxconn and job cuts, Ives sees the AI strategy as a pivotal moment for Apple, potentially driving significant stock growth.

Portfolio Pulse from Ananya Gairola

April 06, 2024 | 1:19 am