Pinnacle Wealth Management increases Tesla stake in second quarter

Nicole Parks

Pinnacle Wealth Management LLC boosted its holdings in Tesla Inc. by 18.2% during the second quarter, according to its latest 13F filing with the SEC. The firm now owns 7,914 shares valued at $2.514 million. Meanwhile, Signature Estate & Investment Advisors LLC reduced its position by 4.5%, holding 13,839 shares worth $4.396 million.

64-year-old with $1.2 million 401(k) asks if retirement is affordable

A 64-year-old individual with $1.2 million in a 401(k) and two mortgages is seeking advice on whether they can retire comfortably. The person's situation involves balancing retirement savings against ongoing housing debts. Financial experts emphasize the need for careful planning in such scenarios.

Tesla and Amazon advance in AI-driven automation

Nicole Parks

Tesla and Amazon are leading efforts to integrate artificial intelligence with robotics for greater automation. Tesla focuses on autonomous vehicles and humanoid robots, while Amazon deploys robots in its warehouses. Analysts compare the two companies' progress and investment potential.

Case builds for international investing amid US market records

Despite the US stock market reaching new highs, experts argue that investors should look abroad for diversification and potential growth. Valuations in American markets appear stretched, while international opportunities present undervalued options. This perspective comes as the S&P 500 surges year-to-date.

Retail investors discuss Tesla, Palantir and other stocks this week

Retail investors on X and Reddit's r/WallStreetBets focused on five stocks from October 13 to 17, amid government shutdown concerns, banking earnings and AI enthusiasm. The stocks—Tesla, Rigetti Computing, Palantir Technologies, Oklo and JPMorgan Chase—spanned automotive, quantum computing, AI, nuclear energy and banking sectors. Discussions blended corporate news, future outlooks and meme-driven narratives during choppy market action.

Tesla launches affordable Model Y and Model 3 trims

AI द्वारा रिपोर्ट किया गया

Tesla has introduced new Standard trims for its Model Y SUV and Model 3 sedan, both priced under $40,000, amid a recent stock dip and expired EV tax credits. The move aims to expand its customer base as the company faces shrinking sales and competition. Investor opinions on the stock remain mixed.

Investor Steve Eisman describes Tesla shareholders as a cult

Steve Eisman, the investor portrayed in The Big Short, has labeled Tesla and its shareholders a cult due to the stock's detachment from fundamentals. Speaking on the Lemondae Stand podcast, he highlighted Tesla's declining earnings amid a rising stock price. Eisman avoids investing in Tesla despite owning other major tech stocks.

Cathie Wood's Ark Invest sells Tesla shares

Ark Invest, led by Cathie Wood, recently sold 181,294 shares of Tesla stock, trimming its largest holding despite a long-term bullish outlook. The move reduces Tesla's weighting in the portfolio to 7% from 8.5% last quarter. Analysts note Tesla faces a challenging year with expected sales declines and a high valuation multiple.

BitMine Immersion boosts ether holdings with $800 million purchase

Chris Blake

BitMine Immersion Technologies, led by Thomas Lee, acquired over 200,000 ether tokens worth about $800 million last week amid a cryptocurrency market correction. The purchase brings the company's total assets to $13.4 billion, with ether comprising the majority. This move continues BitMine's strategy to accumulate up to 5% of the total ether supply.

Tesla stock dips slightly after teasers fuel speculation

Tesla's shares experienced a minor premarket decline on Tuesday following a 5.5% surge the previous day, driven by cryptic social media teasers hinting at a potential affordable Model Y or new Roadster. Investors remain optimistic ahead of the company's upcoming reveal. The buzz has also lifted stocks in related sectors like air-taxi manufacturers.

 

 

 

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