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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

BTCUSD

DIA

GLD

Peter Schiff warns that despite the Dow Jones' recent 300-point rise, it is in a 'stealth bear market' when compared to gold, which hit a record high of over $2,300 per ounce. Schiff highlights that the Dow, when measured in gold, is down about 10% in 2024, and predicts a 35% upside for commodity prices. He also advises Bitcoin holders to switch to gold and silver, emphasizing gold's role as a reliable store of value amidst a surge in mining stocks.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 7:35 am

AAPL

MASI

Apple Inc. has appealed to a U.S. appeals court to overturn an import ban on certain Apple Watches due to a patent dispute with Masimo Corporation. The ban, upheld by the White House in December 2023, significantly impacts Apple's sales, potentially affecting around $5 billion in sales or about 1% of Apple's total revenue. Apple argues that Masimo's patents are invalid and that its watches did not infringe on them. The dispute began after Masimo accused Apple of stealing its pulse oximetry technology.

Portfolio Pulse from Ananya Gairola

April 06, 2024 | 7:25 am

ARKK

ARKW

COIN

HOOD

TSLA

Cathie Wood's Ark Invest purchased $22M worth of Tesla shares amid a 3.6% stock plunge, triggered by rumors of Tesla potentially cancelling its sub-$30,000 EV model. Despite the market's reaction and concerns over Tesla's strategy, Ark Invest's confidence in Tesla remains strong, highlighted by a $2,000 price target for 2027. Additionally, Ark Invest sold shares of Coinbase and Robinhood, reducing its exposure to crypto-linked stocks.

Portfolio Pulse from Shanthi Rexaline

April 06, 2024 | 3:22 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

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