FTAI Infrastructure (NASDAQ:FIP) Stock, Quote.Headers.trade-ideas

FTAI Infrastructure

FTAI Infrastructure Inc is engaged in five segments; Railroad segment includes five freight railroads and one switching company that provide rail service to certain manufacturing and production facilities, the Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets. Repauno segment consists of a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities. Power and Gas segment is comprised of an equity method investment in Long Ridge, and Sustainability and Energy Transition segment is comprised of Aleon/Gladieux, Clean Planet, and CarbonFree.

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As of April 15, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 3 Industrials Stocks That May Fall Off A Cliff In Q2

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Why Stabilis Solutions Shares Jumped Over 71%; Here Are 70 Biggest Movers From Yesterday

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Why Adamis Pharmaceuticals Is Trading Lower By Around 44%, Here Are 46 Stocks Moving In Wednesday&#39;s Mid-Day Session

FTAI Infrastructure Inc

Macquarie analyst Ross Compton maintains Braze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) with a Neutral and raises the price target from $30 to $39.

Price Target

Analyst Ratings

BRZE

Macquarie Maintains Neutral on Braze, Raises Price Target to $39

Raytheon UK, Announced That Its High-energy Laser Weapon System Completed A Successful Live-firing With The British Army Directed Against Moving Aerial Targets

Politicians from Italy&#8217;s ruling coalition said Tuesday that the country will lower the proposed tax hike on cryptocurrency capital gains following industry criticism and internal disagreements.
What Happened: Lawmaker&nbsp;Giulio Centemero and Treasury Junior&nbsp;Minister Federico Freni, both from&nbsp;the co-ruling League party, announced that the proposed tax increase would be &#8220;significantly reduced during the parliamentary&nbsp;work,&#8221; according to a Reuters report.
&#8220;No more prejudices about cryptocurrencies,&#8221; Centemero and Freni asserted. There was speculation that the government might keep the current rate unchanged, Reuters said, citing political sources.
The Ministry of Economy and Finance of Italy didn&#8217;t immediately respond to Benzinga&#8217;s request for comment.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42421374/microsoft-shareholders-reject-proposal-to-explore-bitcoin-investment">Microsoft Shareholders Reject Proposal To Explore Bitcoin Investment</a>
Why It Matters: The Treasury had initially planned to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41367903/italy-eyes-drastic-tax-hike-on-bitcoin-profits-42-looming-in-2025-shocking-countrys-crypto">increase the tax</a> on cryptocurrency capital gains from 26% to 42% under the 2025 budget, which is due&nbsp;to be approved by parliament&nbsp;by the end of December. However, the League party expressed concerns that such a move could potentially stimulate the shadow economy.
The proposal, if passed, would place Italy among the most heavily taxed jurisdictions for cryptocurrency gains in the world. The current tax rate aligns with that of traditional financial instruments such as stocks and bonds.
The backpedaling comes after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world&#8217;s biggest cryptocurrency by market capitalization, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42367065/exclusive-bitcoin-briefly-tops-100000-but-where-do-benzinga-readers-predict-it-will-finish-2024#:~:text=A%20Benzinga%20poll%20in%20November,which%20has%20now%20proven%20true.">broke through the $100,000 level</a> for the first time last week.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$DOGE

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$MATIC

Italy Backpedals On Controversial Tax Hike On Crypto Capital Gains Following Industry Opposition: 'No More Prejudices'

Piper Sandler analyst Clarke Jeffries reiterates Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Overweight and maintains $84 price target.

Reiteration

TRMB

Piper Sandler Reiterates Overweight on Trimble, Maintains $84 Price Target

Donald Trump&nbsp;announced on Friday that any individual or company investing $1 billion or more in the U.S. will receive expedited approvals and permits. 
What Happened:&nbsp;This includes environmental approvals, as stated in his recent post on Truth Social. Trump&#8217;s statement emphasizes a push for significant investments in the country.
He declared, &#8220;Any person or company investing&nbsp;ONE BILLION DOLLARS, OR MORE,&nbsp;in the United States of&nbsp;America, will receive fully expedited&nbsp;approvals and permits, including, but&nbsp;in no way limited to,&nbsp;all Environmental approvals. GET READY&nbsp;TO ROCK!!!&#8221;
This announcement comes as Trump continues to advocate for deregulation to boost economic growth. The promise of fast-tracked approvals could attract substantial investments, particularly in sectors like energy and infrastructure.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11035056/Screenshot-2024-12-11-at-2.20.39%E2%80%AFPM-1024x477.png" alt="" class="wp-image-686875" /></figure>
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/24/12/42404450/bitcoin-ethereum-dogecoin-recover-losses-after-flash-crash-analyst-pinpoints-critical-btc-support-levels?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Recover Losses After Flash Crash: Analyst Pinpoints Critical BTC Support Levels</a>
Why It Matters: Trump&#8217;s focus on deregulation aligns with his previous efforts to enhance the energy sector. Trump&#8217;s administration aims to <a href="https://www.benzinga.com/markets/equities/24/11/42383725/trump-administrations-deregulation-efforts-to-lift-energy-oil-and-gas-sectors-ai-frenzy-to-aid-faang-stocks-and-nvidia-says-fintech-insider">benefit highly regulated sectors</a> like oil and gas through deregulation. This could lead to higher corporate earnings, as noted by Yogesh Kansal, a fintech insider.
Moreover, Trump&#8217;s appointment of Doug Burgum as the &#8220;energy czar&#8221; underscores his commitment to increasing U.S. fossil fuel production. The role involves <a href="https://www.benzinga.com/news/24/11/41883635/trump-looks-to-undo-biden-climate-progress-with-burgum-as-energy-czar-report">overseeing deregulation efforts</a> across various agencies. This move is part of a broader strategy to undo climate progress made under the Biden administration.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42392517/plug-power-awaits-hydrogen-tax-credit-decision-whats-at-stake?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Plug Power Awaits Hydrogen Tax Credit Decision: What&#8217;s At Stake</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

Trump Offers Fast-Track Approvals 'Any Person Or Company' Investing Over $1B Investments In US: 'Get Ready To Rock!'

Piper Sandler analyst Arvind Ramnani maintains CCC Intelligent Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCS#NASDAQ">CCCS</a>) with a Neutral and maintains $13 price target.

CCCS

Piper Sandler Maintains Neutral on CCC Intelligent Solutions, Maintains $13 Price Target

U.S. Treasury Secretary Janet Yellen cautioned on Tuesday that President-elect Donald Trump&#8216;s proposed sweeping tariffs could undermine recent progress in controlling inflation and destabilize financial markets.
What Happened: Speaking <a href="https://www.wsj.com/video/janet-yellen-at-wsj-ceo-council-summit/DCF09297-A357-4113-AE35-58E540EBCFAF">at</a> a Wall Street Journal event, Yellen acknowledged that targeted tariffs can address unfair trade practices but warned that broad measures could harm U.S. economic competitiveness and burden American households with higher costs.
&#8220;I think it&#8217;s a mistake to become involved in commenting on the Fed and certainly taking steps to compromise its independence,&#8221; said Yellen, addressing Trump&#8217;s recent statements about monetary policy. &#8220;It tends to undermine the confidence of financial markets.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42429325/robotaxi-exit-to-clear-the-way-for-gm-to-license-tesla-fsd-says-gary-black-move-will-save-the-mary-barra-led-company-1b-a-year">Robotaxi Exit To &#8216;Clear The Way&#8217; For GM To License Tesla FSD, Says Gary Black — Move Will Save The Mary Barra-Led Company $1B A Year</a>
Why It Matters: The warnings come as financial experts voice growing concerns about Trump&#8217;s trade policies. Paul Gambles of MBMG Family Office Group called Trump&#8217;s tariff proposals &#8220;completely and utterly wrong,&#8221; warning they could <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42383874/expert-slams-trumps-tariff-policies-as-completely-and-utterly-wrong-but-says-we-dont-think-they-are-going-to-do-anything">erode U.S. competitive advantages</a>.
Goldman Sachs analysts project significant economic impacts, estimating Trump&#8217;s proposed North American tariffs could trigger GDP contractions of up to 4% in Canada and Mexico while <a href="https://www.benzinga.com/media/24/12/42379553/bezos-advocates-growth-trumps-tariff-threats-and-the-feds-latest-moves-this-week-in-economics">reducing U.S. GDP by 0.4%</a>.
The concerns extend globally, with William Lee, Milken Institute Chief Economist, suggesting Trump&#8217;s tariff threats serve primarily as negotiating leverage with trading partners, particularly targeting BRICS nations <a href="https://www.benzinga.com/news/global/24/12/42259898/economist-warns-trump-that-brics-will-act-collectively-and-spark-a-trade-war-with-us-over-100-tariff-threats">considering dollar alternatives</a>.
These developments have sparked debate among market participants about potential trade war risks and their implications for U.S. economic stability as the 2024 <a href="https://www.benzinga.com/news/global/24/12/42259898/economist-warns-trump-that-brics-will-act-collectively-and-spark-a-trade-war-with-us-over-100-tariff-threats">presidential transition approaches</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/12/42428224/bitcoin-ethereum-dogecoin-mirror-stock-declines-ahead-of-crucial-inflation-data-release-top-analyst-says-buy-the-dip-predicts-275k-btc-target">Trump Names Andrew Ferguson As Choice To Replace FTC Chair Lina Khan: Appointee Says He Will &#8216;End Big Tech&#8217;s Vendetta&#8217; Against Free Speech</a></li>
</ul>
Image via Flickr/ International Monetary Fund
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Janet Yellen Warns Trump Tariffs Could 'Undermine Confidence In Financial Markets' And Raise American Household Costs

Tesla Inc. CEO Elon Musk on Tuesday dismissed concerns of the Earth being rendered unlivable soon owing to climate change, saying that climate predictions are too &#8220;pessimistic&#8221; and &#8220;bound to backfire.&#8221;
What Happened: &#8220;Extreme environmentalists can't say ridiculous things like the world is doomed in 5 years, because 5 years goes by, the world is ok and they lose credibility,&#8221; Musk said in a post on social media platform X. 
The billionaire further added that the world will be &#8220;fine&#8221; if the world transitions to &#8220;primarily sustainable energy consumption (electric transport and heating) and production (mostly solar and fission)&#8221; in 20 years or so. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I've always felt that the climate predictions were too pessimistic and bound to backfire. Extreme environmentalists can't say ridiculous things like the world is doomed in 5 years, because 5 years goes by, the world is ok and they lose credibility. If we transition to…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866571416969285954?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk's opinions on the environment, climate change, and plastic have spurred criticism in the past.
In an interview with Republican Presidential candidate&nbsp;Donald Trump in August, Musk said that his views on&nbsp;<a href="https://www.benzinga.com/news/24/08/40334330/elon-musk-agrees-that-good-products-will-drive-transition-to-evs-not-concerns-of-climate-change" target="_blank" rel="noreferrer noopener">climate change are "moderate"</a>&nbsp;and that he doesn't believe in vilifying or overregulating oil and gas as people would starve in their absence.
Musk later said that he indeed believes global warming is real. However,&nbsp;<a href="https://www.benzinga.com/markets/equities/24/08/40333362/teslas-elon-musk-warns-against-vilifying-oil-and-gas-industry-in-trump-interview-cautions-agains" target="_blank" rel="noreferrer noopener">progress in sustainable energy production</a>&nbsp;and consumption can solve global warming in time, Musk said, hinting there is no rush and dismissing the idea that there is an immediate need to address climate change.
Musk Believes There Is Still Time: In June, Musk said that climate change risk is &#8220;<a href="https://www.benzinga.com/news/24/07/39870459/bill-gates-wants-elon-musk-to-talk-about-climate-but-tesla-ceo-thinks-climate-change-alarm-is-exagge" target="_blank" rel="noreferrer noopener">overstated in the near term</a>&#8221; but &#8220;probably accurate in the long term.&#8221;
A few weeks later, Musk said in response to an X user that the return of plastic straws in Californian restaurants would be a sign of the end of "wokeness." The billionaire entrepreneur elaborated on his take on plastic bags and straws in August last year, saying there is no "good reason" for banning them in any country if trash is not dumped in the water.
It is also important to note that&nbsp;<a href="https://www.benzinga.com/news/24/07/39704560/spacex-ceo-elon-musk-mocks-reports-of-wildlife-damage-owing-to-starship-launches-will-refrain-from-h" target="_blank" rel="noreferrer noopener">Musk's companies</a>, including&nbsp;<a href="https://www.benzinga.com/government/24/05/38825756/tesla-sued-in-california-for-environmental-violations" target="_blank" rel="noreferrer noopener">Tesla which makes electric vehicles,</a>&nbsp;have been faced with allegations of environmental damage multiple times in the past.
Tesla, however, is the world&#8217;s largest battery electric vehicle seller in the world. In the three months ended September alone, the company <a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202">delivered 462,890 BEVs around the globe.</a> 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40499576/tesla-delays-elon-musks-timeline-yet-again-for-cybertruck-fsd-rollout-this-time-to-september" target="_blank" rel="noreferrer noopener">Tesla Delays Elon Musk's Timeline Yet Again For Cybertruck FSD Rollout, This Time To September</a></li>
</ul>
Photo courtesy: TED Conference on Flickr

Tech

TSLA

Tesla CEO Elon Musk Dismisses Climate Predictions As 'Too Pessimistic,' Says We Have '20 Yrs Or So' To Fix The World

<h3>Companies Reporting Before The Bell</h3>
• Vera Bradley (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $98.70 million. 
• REV Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REVG#NYSE">REVG</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $603.33 million. 
• Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $4.72 billion. 
• Cognyte Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) is expected to report quarterly loss at $0.04 per share on revenue of $87.42 million. 
• Kanzhun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $266.36 million. 
• Photronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAB#NASDAQ">PLAB</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $218.00 million. 
• Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) is estimated to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) is projected to report quarterly earnings at $2.59 per share on revenue of $736.79 million. 
• Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $316.83 million. 
• Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) is estimated to report quarterly earnings at $4.66 per share on revenue of $5.54 billion. 
• Champions Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSBR#NASDAQ">CSBR</a>) is likely to report quarterly earnings at $0.01 per share on revenue of $13.05 million. 
• 17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) is estimated to report earnings for its third quarter. 
• Kewaunee Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KEQU#NASDAQ">KEQU</a>) is estimated to report earnings for its second quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ADBE

CGNT

CSBR

KEQU

NDSN

PLAB

REVG

Earnings Scheduled For December 11, 2024

Elon Musk has dismissed rumors suggesting he is purchasing property close to Donald Trump&#8216;s Mar-a-Lago estate. The speculation emerged on Thursday when DogeDesigner posted a headline that said Musk was involved in a real estate transaction near the former president&#8217;s Florida residence.
What Happened:&nbsp;Musk responded directly to the post, stating, &#8220;I'm not buying or building&nbsp;a house anywhere.&#8221;
The post from DogeDesigner included a note that readers had added context to the claim, which was subsequently denied by Musk. 
Musk&#8217;s denial comes amid his involvement in various high-profile initiatives, including recently being announced by President-elect Trump <a href="https://www.benzinga.com/news/global/24/12/42283558/elon-musks-doge-co-lead-already-targeting-tesla-rivals-vivek-ramaswamy-flags-stellantis-75b-loan-days-after-criticizing-rivians-66b-loan">to co-lead the Department of Government Efficiency </a>(DOGE) with Vivek Ramaswamy.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm not buying or building a house anywhere
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866554579925577793?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/12/42404540/whats-going-on-with-dogecoin-rival-shiba-inu-shib-2?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Dogecoin Rival Shiba Inu (SHIB)?</a>
Why It Matters: Musk&#8217;s denial of the property purchase near Mar-a-Lago is significant given his current role in the newly established Department of Government Efficiency. This department, formed by <a href="https://www.benzinga.com/24/11/42253427/elon-musks-doge-dream-team-from-marc-andreessen-to-ubers-travis-kalanick-silicon-valley-titans-join-forces-to-overhaul-federal-spending">President-elect Trump</a>, aims to identify and implement cost-cutting measures to reduce federal spending by up to $2 trillion. Musk, along with Ramaswamy, is spearheading this initiative, tapping into the expertise of Silicon Valley leaders to achieve these goals.&nbsp;
Despite the ambitious objectives, analysts like Mario Georgiou have expressed skepticism about the potential impact of DOGE, estimating savings of <a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures">$50–100 billion annually</a>, which would have a limited effect on the overall federal budget. The U.S. federal deficit is projected to reach $1.7 trillion in 2024, with mandatory spending on programs like Social Security and Medicare accounting for a significant portion of expenditures.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Elon Musk Refutes Rumors Of Buying Property Near Donald Trump's Mar-A-Lago: 'I'm Not Buying Or Building A House Anywhere'

STMicroelectronics introduces first STM32-ready wireless IoT modules leveraging collaboration with Qualcomm
WiFi6/Bluetooth 5.3/Thread ST67W611M1 modules accelerate development and boosts flexibility to deliver advanced consumer and industrial IoT solutions "Our collaboration delivers multiple advantages for the large community that leverage the STM32 family in their embedded systems," said Remi El-Ouazzane, President, Microcontrollers, Digital ICs and RF Products Group (MDRF) at STMicroelectronics. "Qualcomm's expertise in highly influential and widely used wireless connectivity technologies is now at product developers' fingertips and combines with the powerful software, tools, features and project acceleration offered by the STM32 development ecosystem."
"This is just the beginning of our mission, which we expect to deliver many further successes enabling new and advanced edge processing applications," said Rahul Patel, Group General Manager, Connectivity, Broadband and Networking Business Unit, Qualcomm Technologies, Inc. "We look forward to continuing our collaboration with STMicroelectronics to bring more unparalleled connected experiences with Wi-Fi, Bluetooth, AI, 5G and more."

QCOM

STMicroelectronics Debuts STM32-Ready IoT Modules With Wi-Fi 6 And Bluetooth 5.3, Powered By Qualcomm Collaboration

Gene Munster, managing partner at Deepwater Asset Management, has asserted Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as the most innovative company, surpassing tech giants like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What Happened: On Tuesday, Munster took to X, formerly Twitter, and pointed out that Elon Musk-led Tesla&#8217;s stock surged by 84% over the last 65 trading days, <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">following the &#8216;We, Robot&#8217; event </a>in October.
He attributed Tesla&#8217;s impressive stock performance to renewed confidence in autonomy and future robotics. &#8220;As a comparison, the rest of the Mag 7 is up, on average, 10%, and the Nasdaq up 8%.&#8221;
See Also: <a href="https://www.benzinga.com/24/12/42379986/metas-llama-3-3-70b-outshines-rivals-nvidias-liquid-cooling-breakthrough-xai-raises-6b-this-week-in-ai?itm_source=parsely-api">Meta&#8217;s Llama 3.3 70B Outshines Rivals, Nvidia&#8217;s Liquid-Cooling Breakthrough, xAI Raises $6B: This Week In AI</a>
Munster went on to add that Tesla&#8217;s current market cap stands at $1.3 trillion.
He compared Tesla to other companies with market caps exceeding $2 trillion, such as Apple, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Google, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Nvidia, asserting that Tesla is arguably the most innovative among them.
&#8220;In other words, I believe Tesla's market cap has plenty of room to grow,&#8221; he stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> is up 84% over the last 65 trading days, or since the 10/11 ‘We, Robot' event. As a comparison, the rest of the Mag 7 is up, on average, 10%, and the Nasdaq up 8%. Tesla's run is a direct result of a renewed belief in autonomy and future robotics. As Franz said at ‘We,…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1866536682448883794?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The &#8216;We, Robot&#8217; event featured 19 Cybercabs and 29 Model Ys driving autonomously, with <a href="https://www.benzinga.com/news/24/10/41350962/tesla-key-exec-says-we-robot-event-had-1-300-perfectly-safe-autonomous-trips-driving-over-2-000-gues">no safety-related incidents</a> reported, according to Tesla executive Ashok Elluswamy.
Previously, Cathie Wood, CEO of ARK Investment Management LLC, also described Tesla as &#8220;<a href="https://www.benzinga.com/news/global/24/11/42238773/cathie-wood-sees-tesla-as-largest-ai-project-on-earth-heres-why-shes-not-worried-about-tech-investments">the largest AI project on Earth</a>,&#8221; underscoring its transformative potential across multiple sectors.
Earlier this week, Gary Black, managing partner at The Future Fund LLC, <a href="https://www.benzinga.com/markets/equities/24/12/42404312/gary-black-boosts-tesla-price-target-by-27-to-380-citing-25k-hatchbacks-market-potential">raised his price target for Tesla</a> by 27% to $380, citing the potential launch of a $25,000-$30,000 hatchback model.
This new offering could capture approximately 15% of the global compact car market, further boosting Tesla&#8217;s growth prospects.
In China, Tesla&#8217;s sales momentum is also noteworthy, with insurance registrations reaching 21,900 units for the week ending Dec. 8, marking its <a href="https://www.benzinga.com/tech/24/12/42409492/teslas-2nd-best-week-in-china-in-2024-boosts-q4-prospects">second-best week in 2024</a>.&nbsp;
Price Action: On Tuesday, Tesla shares ended the trading session with a 2.187% increase, closing at $400.99. During after-hours trading, the stock saw a further rise of 0.55%. So far this year, it has climbed 61.42%, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Analysts currently have a consensus &#8220;hold&#8221; rating for Tesla stock, with Stifel setting the highest price target at $411 on Dec. 2. Recent price targets from Cantor Fitzgerald, Morgan Stanley, and Deutsche Bank average $378.33, indicating a potential downside of 6.17%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11015750/Screenshot-2024-12-11-at-12.27.45%E2%80%AFPM-1024x380.png" alt="" class="wp-image-686648" /></a></figure>
Image via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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German automaker BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) on Tuesday applauded American EV giant Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) full self-driving (FSD) driver assistance software&#8217;s latest version, terming it &#8220;very impressive.&#8221;
What Happened: BMW was responding to a video of a Tesla owner navigating through streets without their hands on the wheel using version 13 of the company&#8217;s FSD software.
&#8220;Wery impressive,&#8221; BMW wrote on social media platform X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">very impressive
&mdash; BMW (@BMW) <a href="https://twitter.com/BMW/status/1866548798798844297?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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</figure>
Tesla responded to the comment with a cheeky &#8220;Hi BMW&#8221; and a grinning emoji. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hi <a href="https://twitter.com/BMW?ref_src=twsrc%5Etfw">@BMW</a> &#x1f600;
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1866563548228309419?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The comment has raised hopes among Tesla bulls that the company could eventually license the technology for their vehicles.
&#8220;At some point $TSLA will sign an FSD licensing deal with another auto mnfr (manufacturer) who hasn't developed an autonomous driving package to their liking. One deal will cause others to follow and then analysts will build licensing revs into their TSLA models and price targets. No one knows when the first one will hit, but there is at least one incoming,&#8221; Gary Black, Managing Partner at The Future Fund, said on Tuesday.
Black, however, added that he wouldn&#8217;t be accounting for a potential licensing deal while determining his price target for Tesla.
&#8220;There has to be real meat behind it or we don't count it,&#8221; Black said. The analyst has a 6-12 month <a href="https://www.benzinga.com/markets/equities/24/12/42404312/gary-black-boosts-tesla-price-target-by-27-to-380-citing-25k-hatchbacks-market-potential">price target of $380</a> on Tesla.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At some point <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> will sign an FSD licensing deal with another auto mnfr who hasn't developed an autonomous driving package to their liking. One deal will cause others to follow and then analysts will build licensing revs into their TSLA models and price targets. No one knows… <a href="https://t.co/wb266zgyQc">https://t.co/wb266zgyQc</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1866586358224994504?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Tesla CEO Elon Musk said earlier this year that the company would be "happy" to license its&nbsp;<a href="https://www.benzinga.com/news/24/04/38039926/not-an-april-fools-teslas-fsd-wows-ex-cruise-exec-who-calls-its-driving-eerily-natural" target="_blank" rel="noreferrer noopener">full self-driving (FSD) technology&nbsp;</a>to other car companies. 
However, in January, the company said that it had&nbsp;<a href="https://www.benzinga.com/news/24/01/36772202/elon-musk-says-tesla-hasnt-received-any-fsd-licensing-agreements-from-rivals-i-think-they-dont-belie" target="_blank" rel="noreferrer noopener">not entered into a single FSD licensing agreement</a>.
Though the company had some tentative conversations, no agreement was entered into. &#8220;I think they (rival automakers) don&#8217;t believe it&#8217;s real quite yet,&#8221; Musk then said.&#8221;I do want to emphasize that if I were CEO of another car company, I would definitely be calling Tesla and asking to license Tesla's full self-driving technology."
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly set to introduce satellite texting and a non-invasive blood pressure tool in its upcoming Watch Ultra.
What Happened: &nbsp;The satellite feature will allow users to send texts via Globalstar Inc.&#8217;s (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) satellites without cellular or Wi-Fi, <a href="https://www.bloomberg.com/news/articles/2024-12-10/apple-plans-apple-watch-ultra-3-next-year-with-satellite-texting-and-5g">reported</a> Bloomberg, citing people familiar with the matter.
This development positions the Ultra as the first mainstream smartwatch with satellite communication, potentially reducing the need for standalone devices like Garmin Ltd.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) inReach.
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The blood pressure monitoring tool, also expected in 2025, aims to alert users of potential hypertension, though it won&#8217;t provide specific readings, the report noted.
However, the feature has been delayed before.
Why It Matters: Apple intends to boost smartwatch sales by introducing new features after a period of stagnation.
The company's Wearables, Home, and Accessories division, which includes watches, has experienced a decline in revenue over the past two years.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
In October, when Apple reported its <a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">fourth-quarter revenue</a>, Wearables, Home, and Accessories encompassed to $9.04 billion, down from $9.32 billion the previous year.
Last month, <a href="https://www.benzinga.com/news/24/11/41688837/apple-satellite-connectivity-provider-globalstar-stock-surges-after-deal-extension">Apple expanded its partnership with Globalstar</a> with a $1.1 billion services agreement extension.
According to Statista, as of the second quarter of 2024, Apple leads the smartwatch market with a 19% share of global shipments.
Price Action: Apple&#8217;s stock rose by 0.41% on Tuesday, ending the day at $247.77. However, after hours, it declined by 0.028%, settling at $247.70, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Photo courtesy: Apple
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