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META

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The stock market saw gains for the third consecutive week, with major indexes rising. U.S. inflation slowed in October, and retail sales contracted slightly. Benzinga's event discussed fintech and digital assets. Bullish views included Amazon's blockchain head discussing a Bitcoin ETF, Microsoft's raised target price due to AI and custom chips, and Dogecoin's potential rally. Bearish perspectives involved Tesla's struggles in China, Michael Burry's short bet against the semiconductor sector, and a developer favoring Apple's Vision Pro over Meta's Quest.

Portfolio Pulse from Michael Cohen

November 18, 2023 | 5:22 pm

TSLA

Elon Musk criticized short-sellers after Sen. Tommy Tuberville disclosed bearish bets on Tesla, Inc. (TSLA) through put options. Tesla's stock has been underperforming, with a high short interest of 2.65% of outstanding shares. Musk's comments reflect his ongoing disdain for shorts, which he has previously described as harmful to businesses. Tesla's stock closed slightly up at $234.30.

Portfolio Pulse from Shanthi Rexaline

November 18, 2023 | 3:37 pm

PLNH

Pablo Zuanic, a senior analyst at Zuanic & Associates, reviewed Planet 13 Holdings' (OTC:PLNH) 3Q23 performance, noting a 3% YoY sales decrease and a 4% QoQ decrease, mainly in Nevada. California showed a 2% increase in wholesale sales. Despite a 12% sales drop in December CY22, the company maintained a 45.9% gross margin. However, concerns arise from the decline in EBITDA margin and increased operational expenses. For 4Q23, minimal top line growth is expected, while CY24 growth is anticipated from new stores and the VidaCann deal in Florida. Zuanic remains optimistic about PLNH's growth potential, maintaining an Overweight stance on the stock.

Portfolio Pulse from Nicolás Jose Rodriguez

November 18, 2023 | 3:01 pm

FSR

KARS

NKLA

RIVN

TSLA

VWAGY

Electric vehicle stocks saw gains in the week ending Nov. 18, with Tesla (TSLA) up over 10% despite controversy over CEO Elon Musk's support for antisemitic content. Tesla faces union issues in Sweden and prepares for the Cybertruck launch. Nikola (NKLA) announced the resignation of CFO Anastasiya Pasterick. Fisker (FSR) reported disappointing Q3 results and internal control weaknesses. Rivian (RIVN) offers incentives for R1T purchases. Volkswagen (VWAGY) recalls ID.4s over flammability concerns. The KraneShares Electric Vehicles ETF (KARS) ended the week up 4.51% but down 0.88% on Friday.

Portfolio Pulse from Shanthi Rexaline

November 18, 2023 | 2:39 pm

TSLA

Elon Musk's recent endorsement of an antisemitic conspiracy theory has led to backlash from Tesla owners, with some reconsidering future purchases of Tesla vehicles. The controversy has affected Tesla's brand reputation, causing concern among drivers about being associated with the company. Tesla investor Ross Gerber plans to switch from a Tesla Model Y to a Rivian vehicle, reflecting a potential shift in consumer loyalty.

Portfolio Pulse from Anan Ashraf

November 18, 2023 | 1:57 pm

AAPL

DIS

IBM

ORCL

WBD

Elon Musk has threatened Media Matters with a 'thermonuclear lawsuit' for reporting that ads from major companies appeared next to antisemitic posts on X, leading to an advertiser exodus. Apple Inc., IBM Corp., Oracle Corp., The Walt Disney Co., and Warner Bros. Discovery Inc. have pulled ads from X in response. Musk has previously sued a nonprofit for a similar issue and has recently endorsed an antisemitic theory.

Portfolio Pulse from Rounak Jain

November 18, 2023 | 10:04 am

AAPL

DIS

IBM

WBD

Elon Musk has expressed his dissatisfaction with IBM Corp. (NYSE:IBM) for potentially withdrawing ads from TikTok over posts supporting Osama Bin Laden's manifesto. Musk has been critical of nonprofit organizations like Media Matters and ADL, blaming them for a significant drop in X's advertising revenue. Other companies, including Apple Inc. (NASDAQ:AAPL), The Walt Disney Co. (NYSE:DIS), and Warner Bros. Discovery Inc. (NASDAQ:WBD), have also pulled ads from X after a report by Media Matters about ads being displayed next to content promoting Adolf Hitler and the Nazi Party.

Portfolio Pulse from Rounak Jain

November 18, 2023 | 8:36 am

TSLA

Tesla Inc (NASDAQ:TSLA) has communicated its commitment to the Swedish market despite an ongoing strike by IF Metall, a workers' union representing Tesla mechanics. The strike, which began in late October, is over the lack of collective bargaining agreements, a standard in Swedish labor relations. Tesla highlighted its recent opening of a V4 Supercharger in Sweden and the success of its Model Y, which is the best-selling car model in Sweden this year. The strike has escalated, with dockworkers, cleaning staff, and electricians joining in, affecting vehicle offloading, showroom maintenance, and charging station servicing.

Portfolio Pulse from Anan Ashraf

November 18, 2023 | 8:15 am

TSLA

Tesla Inc (NASDAQ:TSLA) is set to deliver the first 10 Cybertrucks at a delivery event at Gigafactory Texas on November 30. This information was confirmed by Tesla’s product design director Javier Verdura. Despite Elon Musk's previous hints about the Cybertruck, details on performance and pricing remain undisclosed. Musk has projected a future annual delivery target of 250,000 Cybertrucks, potentially by 2025, acknowledging the challenges of bringing special products to market.

Portfolio Pulse from Anan Ashraf

November 18, 2023 | 6:13 am

ABNB

BOX

MSFT

TSLA

Sam Altman has been ousted from OpenAI, a company he co-founded, in a move that has shocked Silicon Valley. The ouster may be due to a 'misalignment' of profit versus nonprofit goals within the company, a point of contention that Elon Musk, another co-founder, has criticized, particularly OpenAI's pivot to a for-profit model under Microsoft's influence. OpenAI's recent Dev Day event, where new features like GPT-4 Turbo were announced, may have been a catalyst for the ouster. High-profile tech CEOs have expressed their support for Altman, while Microsoft reaffirms its commitment to OpenAI. The future direction of OpenAI and its impact on the AI industry is now uncertain.

Portfolio Pulse from Rounak Jain

November 18, 2023 | 6:00 am