Frontdoor Stock (NASDAQ:FTDR), Trade Ideas

Frontdoor

Frontdoor Inc is a United States-based company that provides home service plans. It owns multiple home service brands including American Home Shield, HSA, OneGuard, and Landmark brands. Through its home service plans, the company helps its customers maintain their homes and protect against costly and unexpected breakdowns of essential home systems and appliances.

News

Penny Stocks

Small Cap

Intraday Update

Markets

Movers

Trading Ideas

ALDX

ASTE

BALY

BGFV

CHEF

CLLS

CNDT

CWBR

DTCK

Euda Health Holdings Limited - Ordinary Shares

EUDA

EXTR

FTDR

GDEV

GNRC

GOOS

GRMN

GTHX

IRIX

Kintara Therapeutics, Inc. - Common Stock

KTRA

LIFW

LUMN

MNPR

MOTS

Merrill Lynch & Strategic Return Notes for Select 10 Index

MTCH

NMRK

PATI

PAYC

PCTY

PIXY

PSTV

PUYI

SIEN

SITE

SLAB

SPWR

SYNA

TGTX

TMPO

TNXP

TRTX

YUMC

ZVSA

Why Extreme Networks Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

ALIT

AVNS

AXTA

CGAU

PERI

TTMI

U.S. stocks traded higher, with the Dow Jones falling more than 30 points on Wednesday. Here are some big stocks recording gains in today’s session.

TG Therapeutics, Inc. (NASDAQ: TGTX) shares jumped 26.8% to $9.80 following third-quarter results.

Garmin, Apollo Global Management, Trane Technologies, Scotts Miracle-Gro And Other Big Stocks Moving Higher On Wednesday

Price Target

Pre-Market Outlook

Analyst Ratings

ANGO

APLS

COLB

KMPR

MTRN


	HSBC raised the price target for  Constellation Brands, Inc.  (NYSE: STZ) from $280 to $290. HSBC analyst Carlos Laboy maintained a Buy rating. Constellation shares fell 3.2% to close at $241.33 on Thursday.


Constellation Brands To Rally Over 20%? Here Are 10 Other Analyst Forecasts For Friday

Frontdoor Inc

Willie Nelson, Snoop Dogg and Martha Stewart are teaming up once again in partnership with Bic to promote its EZ Reach lighter and to celebrate this year's 4/20 cannabis holiday.
Launching precisely at 4:20 pm on 4/20, the event, titled the &#8220;Slow Burn Sessions,&#8221; will feature the trio for 4 hours and 20 minutes of exclusive content on <a href="https://www.youtube.com/@bicbrand">Bic&#8217;s YouTube channel</a> all weekend, giving viewers a chance to unwind with three mood-setting segments, with each representing each celeb and with its own flare. 
"Think along the lines of the holiday yule log you put on during that time of year, but for 4/20 and with Martha, Willie and Snoop," <a href="https://www.whiskeyriff.com/2024/04/17/willie-nelson-snoop-dogg-and-martha-stewart-hosting-slow-burn-sessions-to-celebrate-4-20/">according to</a> Whiskey Riff.
Each of the three sessions includes footage of Snoop, Stewart and Nelson showing their favorite ways to light up. Spoiler alert: Snoop lights his favorite bowl of candles, Stewart heats up her fondue pot and Willie sparks his favorite herb-scented candle.
"It's been so fun to partner with my good friends at Bic to spread some holiday cheer ahead of 420. The Bic EZ Reach lighter is my tried-and-true pot accessory — fondue pot that is," Martha Stewart said a statement shared with The Drum.
It's like a smoke sesh that never ends, noted The Drum, "or at least until the munchies kick in."
Willie said it will obviously be a very chill time. "Spend your holiday weekend with me and my friends while we host our own Slow Burn Session with BIC this 420. It'll be a very chill time."
Take a little peek here on YouTube.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Get Lit with Snoop Dogg" width="500" height="281" src="https://www.youtube.com/embed/QK-nRezdttI?start=14&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h2 class="wp-block-heading">Why Bic?</h2>
Jeany Mui, the marketing director for Bic Flame for Life, called it an honor to have this iconic trio back together again for 4/20.
"Slow Burn Sessions are the ultimate way to kick back and relax with friends on 420 weekend and we're excited to bring together our favorite lighter-loving trio as the hosts,&#8221; Mui said. &#8220;EZ Reach Lighters are the go-to accessory for everyone gathering to celebrate the 420 holiday."
The legendary trio are no strangers to Bic's 420-friendly marketing campaigns. In honor of 4/20 in 2023, the lighter and pen manufacturer <a href="https://www.thedrum.com/news/2023/04/20/us-ad-the-day-snoop-willie-nelson-martha-stewart-light-up-america-420-bic">released a star-studded campaign</a> called "Bic Lights up America."
Photo courtesy of Bic

Cannabis

Entertainment

Events

Snoop Dogg, Willie Nelson And Martha Stewart Light Up On 4/20 With Bic's 'Slow Burn Sessions' — Here's How To Join Them

Chinese state-sponsored hackers are orchestrating advanced attacks that could &#8220;wreak havoc&#8221; on <a href="https://www.benzinga.com/topic/infrastructure">critical U.S. infrastructure</a>, Federal Bureau of Investigations (FBI) director Christopher Wray said. 
&#8220;Everything from water-treatment facilities and energy grids to transportation and information technology — form the backbone of our society,&#8221; he <a href="https://www.fbi.gov/news/speeches/director-wrays-remarks-at-the-vanderbilt-summit-on-modern-conflict-and-emerging-threats">told</a> attendees at Thursday&#8217;s Summit on Modern Conflict in Nashville. 
What happens if those things are attacked? Wray warned that such a scenario could occur at any time. 
&#8220;China is positioning its enormous hacking enterprise — remember, 50 to 1 — for more than &#8216;just&#8217; the outrageous theft campaign,&#8221; he added. &#8220;It's using that mass, those numbers, to give itself the ability to physically wreak havoc on our critical infrastructure at a time of its choosing.&#8221;
Wray called on private companies to bring &#8220;vigilance to the table&#8221; and play &#8220;a central defensive role to generate vital information about what adversaries are doing — or preparing to do — against us.&#8221;
<h3 class="wp-block-heading">3 OT Startups To Watch </h3>
According to Wedbush analyst Taz Koujalgi, Wray&#8217;s comments &#8220;are not alarmist at all.&#8221; They underscore the growing importance of OT (operational technology) specialists. 
Three firms come to mind:
<ul>
<li>Dragos Inc. is &#8220;one of the leading pioneers in the OT sector,&#8221; Koujalgi told Benzinga. The Hanover, Maryland-based company has, so far, collected about $440 million in venture capital. </li>
<li>New York-based Claroty, which has raised over $635 million in funding to date, <a href="https://claroty.com/press-releases/claroty-secures-usd100-million-in-strategic-growth-financing">secured</a> another $100 million in backing last month. </li>
<li>And San Francisco-based Nozomi Networks also <a href="https://www.nozominetworks.com/press-release/nozomi-networks-secures-100-million-investment-to-accelerate-critical-infrastructure-defense">clinched</a> $100 million in new funding last month, totaling more than $260 million.</li>
</ul>
Most &#8220;security spend&#8221; happens today in the traditional IT infrastructure space, Koujalgi said. &#8220;But real infrastructure — your pipelines, electrical grids and water treatment plants — is fairly behind in investment and security spend.&#8221; 
And sourcing capital in the OT sub-sector is especially tough considering venture support is <a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/global-venture-capital-investment-value-volume-down-in-q1-2024-81180407">down</a> across the board.
Another challenge: These types of infrastructure attacks are &#8220;fairly new&#8221; and &#8220;fast-moving.&#8221;
New software is being written every day, and code from five years ago is in danger of being obsolete as bad actors routinely find holes in that software, Koujalgi explained.
Basically, &#8220;it&#8217;s hard to keep pace with the bad guys.&#8221; 
See Also: <a href="https://www.benzinga.com/news/24/04/38307336/russian-online-influence-resurgence-poses-threat-to-us-election-star-blizzard-hacking-activity-escal">Russian Online Influence Resurgence Poses Threat To US Election — Star Blizzard Hacking Activity Escalates, Warns Microsoft</a>
<h3 class="wp-block-heading">Who Are The Bad Guys? </h3>
Recall how, in 2023, security analysts at Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Western intelligence agencies uncovered how a state-sponsored Chinese hacking group known as &#8220;Volt Typhoon&#8221; was spying on <a href="https://www.benzinga.com/government/23/05/32573948/microsoft-blames-chinese-hackers-for-spying-on-critical-american-infrastructure-and-guam">various U.S.&nbsp;critical infrastructure organizations.</a>
China and the U.S. routinely spy on each other. But analysts say this incident was one of the most extensive Chinese cyber-espionage campaigns against American critical infrastructure. 
China <a href="https://www.scmp.com/video/china/3256907/china-denies-accusations-state-sponsored-hacking-us-uk-and-new-zealand" target="_blank" rel="noreferrer noopener">dismissed</a> cyberattack allegations in March as &#8220;pure political maneuvering.&#8221; 
Lin Jian of the Chinese Foreign Ministry urged the U.S. to end &#8220;their own <a href="https://www.benzinga.com/government/22/09/28959768/china-claims-us-took-control-of-telecom-network-post-space-research-university-hack">cyber aggression against China</a>.&nbsp;"
But, as Wray told it, Volt Typhoon has &#8220;persistent PRC access &#8230; They were hiding inside our networks, using tactics known as &#8216;living-off-the-land&#8217; — essentially, exploiting built-in tools that already exist on victim networks to get their sinister job done, tools that network defenders expect to see in use and so don't raise suspicions — while they also operated botnets to further conceal their malicious activity and the fact that it was coming from China. All this, with the goal of giving the Chinese government the ability to wait for just the right moment to deal a devastating blow.&#8221;
And it&#8217;s not just China. There was also a group of hackers called DarkSide that, in 2021, was blamed for the cyberattack on Colonial Pipeline, which led <a href="https://www.benzinga.com/news/21/05/21026280/colonial-pipeline-hackers-stole-data-on-thursday-ahead-of-shutdown-bloomberg">to a complete shutdown</a>.
That same year, a cyberattack on the heavily guarded Natanz plant in Iran took place. The disruption reportedly set back Tehran&#8217;s nuclear program by nine months. Neither the U.S. nor Israel acknowledged involvement in what was believed to be a sabotage campaign.
ETFs To Consider: Here are five cybersecurity exchange-traded funds (ETFs) to note:
<ul>
<li>Amplify ETF Trust Amplify Cybersecurity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HACK#NYSE">HACK</a>)</li>
<li>First Trust NASDAQ Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>) </li>
<li>iShares Cybersecurity and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHAK#NYSE">IHAK</a>)</li>
<li>WisdomTree Cybersecurity Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCBR#NASDAQ">WCBR</a>)</li>
<li>Global X Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUG#NASDAQ">BUG</a>)</li>
</ul>
Now Read: <a href="https://www.benzinga.com/news/24/04/38214476/russian-government-linked-hackers-stole-federal-email-correspondence-with-microsoft-cisa">Russian Government-Linked Hackers Stole Federal Email Correspondence With Microsoft &#8211; CISA</a>
Image: Pixabay

Asia

Global

Tech

CIBR

HACK

IHAK

MSFT

WCBR

Chinese Hackers May Control Your Water And Are Laying in Wait, FBI Warns — 3 Startups To Watch

Weekends are perfect for diving into the world of television and catching up on some great shows. Whether you&#8217;re into suspense, drama, or some light-hearted comedy, the streaming world is bringing a delightful mix to your screens this weekend.
Here's a curated list of top shows you can start watching now. Get your popcorn ready!
See Also: <a href="https://www.benzinga.com/general/entertainment/24/04/38203940/remember-crystal-pepsi-here-are-10-weird-flavors-of-the-coca-cola-rival-from-around-the-wor">Remember Crystal Pepsi? Here are 10 Weird Flavors Of Coke Rival From Around The World</a>
<h4 class="wp-block-heading">Rebel Moon: Part Two – The Scargiver – Netflix</h4>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111354/Rebel-Moon-Part-Two-%E2%80%93-The-Scargiver-1024x576.jpg" alt="" class="wp-image-300274" /><figcaption class="wp-element-caption">Rebel Moon: Part Two – The Scargiver &#x7C; Source: Netflix</figcaption></figure>
Brace yourselves, sci-fi fans! Zack Snyder&#8216;s epic saga, Rebel Moon, returns with Part Two: The Scargiver, available now after December&#8217;s Part One: A Child of Fire. Kora (Sofia Boutella) and the surviving rebels rise again, ready to face the tyrannical Motherworld and protect their adopted home.
Djimon Hounsou, Ed Skrein, and a star-studded cast reunite for this action-packed conclusion.
<h4 class="wp-block-heading">Fallout (Season 1) – Prime Video</h4>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111424/Fallout-Season-1-1024x576.jpg" alt="" class="wp-image-300276" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111424/Fallout-Season-1-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111424/Fallout-Season-1-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111424/Fallout-Season-1-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111424/Fallout-Season-1-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111424/Fallout-Season-1.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Fallout (Season 1) &#x7C; Source: Prime Video</figcaption></figure>
Wasteland warriors, assemble! The iconic Fallout franchise blasts onto your screens this week on Prime Video. Encounter familiar faces from the games, including the legendary Dogmeat! Vault dwellers, ghouls, and the Brotherhood of Steel all come to life in this epic tale of survival in a post-nuclear world.
Starring Walton Goggins, Aaron Moten, and Ella Purnell, don&#8217;t miss Fallout&#8217;s explosive premiere!
<h4 class="wp-block-heading">Feud: Capote Vs. The Swans – Disney+</h4>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111444/Feud-Capote-Vs.-The-Swans-%E2%80%93-Disney-1024x576.jpg" alt="" class="wp-image-300277" /><figcaption class="wp-element-caption">Feud: Capote Vs. The Swans &#x7C; Source: Disney+</figcaption></figure>
Glitter and betrayal collide in Feud&#8217;s glamorous second season, now streaming on Hulu. Dive into the opulent world of 1950s and 60s New York socialites. When Truman Capote (Tom Hollander), a writer with a taste for gossip, exposes their secrets in a tell-all novel, these powerful women plot their revenge.
Get ready for a high-stakes battle of wits and social sabotage, featuring a cast of Hollywood royalty including Naomi Watts, Chloë Sevigny, Diane Lane, Demi Moore, and Molly Ringwald.
<h4 class="wp-block-heading">Under The Bridge – Hulu</h4>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111502/Under-The-Bridge-%E2%80%93-Hulu-1024x576.jpg" alt="" class="wp-image-300278" /><figcaption class="wp-element-caption">Under The Bridge &#x7C; Source: Hulu</figcaption></figure>
Inspired by a shocking true crime, &#8220;Under the Bridge&#8221; hits Hulu on April 17. Based on Rebecca Godfrey&#8216;s book of the same name, the series follows Detective (played by Lily Gladstone) and writer Rebecca Godfrey (played by Riley Keough) as they investigate the disappearance of 14-year-old Reena Virk (played by Vritika Gupta) after a party. A dark secret emerges, with teenage girls at the center of the horrifying crime.
<h4 class="wp-block-heading">Franklin – Apple TV+</h4>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111540/Franklin-%E2%80%93-Apple-TV-1024x576.jpg" alt="" class="wp-image-300281" /><figcaption class="wp-element-caption">Franklin &#x7C; Source: Apple TV+</figcaption></figure>
Academy Award winner Michael Douglas brings Benjamin Franklin to life in &#8220;Franklin,&#8221; a gripping new limited series on Apple TV+. Premiering on April 12th, the series follows Franklin&#8217;s high-stakes mission to France during the American Revolution. Can he convince the French to become allies, securing America&#8217;s future?
Danger lurks around every corner as Franklin, joined by his grandson (Noah Jupe), navigates the treacherous world of international politics. Don&#8217;t miss this thrilling tale of diplomacy and daring.
<h4 class="wp-block-heading">Men – Max</h4>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19111559/Men-%E2%80%93-Max-1024x576.jpg" alt="" class="wp-image-300282" /><figcaption class="wp-element-caption">Men &#x7C; Source: Max</figcaption></figure>
Fresh off Alex Garland&#8217;s mind-bending &#8220;Civil War,&#8221; horror fans on Max can revisit his unsettling masterpiece, &#8220;Men.&#8221; Jessie Buckley is captivating as Harper, a widow seeking solace in the idyllic English countryside. However, her peace shatters when she encounters a series of menacing villagers, all portrayed with chilling intensity by the chameleon-like Rory Kinnear.
Read Next: <a href="https://www.benzinga.com/news/24/04/38184282/peek-inside-trumps-opulent-lifestyle-the-10-most-lavish-assets-he-owns">Peek Inside Trump&#8217;s Opulent Lifestyle: The 10 Most Lavish Assets He Owns</a>
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.
Image generated using Dall-E

General

Get Your Popcorn Ready: 6 Fresh Releases To Stream This Weekend On Netflix, Hulu And Disney+

Mark Zuckerberg and Nvidia Corp.'s Jensen Huang's bromance is the latest in Silicon Valley. Now, the Meta Platforms Inc. CEO has revealed the &#8220;secret ingredient&#8221; behind his close relationship with the <a href="https://www.benzinga.com/markets/equities/24/02/37258324/godfather-of-gpu-nvidias-jensen-huang-says-ai-factories-will-one-day-take-over-the-world">"Godfather of GPU."</a>
What Happened: Zuckerberg recently disclosed the key to his friendship with Huang, which revolves around a shared love for cheesesteaks. The two tech leaders, who are both at the helm of trillion-dollar companies, often bond over food.
&#8220;Jensen is really into cooking, so he invited me over to his house.&#8221;
&#8220;When we went over to his place, he was like, &#8216;Let&#8217;s make cheesesteaks,&#8217; and I&#8217;m like, &#8216;hell yeah, let&#8217;s make cheesesteaks&#8217;.&#8221;
Zuckerberg shared this insight during a podcast with internet personality Roberto Nickson.
He mentioned that Huang, who is also an avid cook, once invited him over to make cheesesteaks. The two also discuss their experiences running their respective companies.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38345502/elon-musk-reacts-after-nvidia-stock-plunges-10-and-erases-212b-market-cap-rookie-numbers">Elon Musk Reacts After Nvidia Stock Plunges 10% And Erases $212B Market Cap: &#8216;Rookie Numbers&#8217;</a>
Despite their different net worths, Zuckerberg and Huang have a lot in common.
Zuckerberg, with a net worth of $178 billion, recently surpassed Elon Musk to become the world&#8217;s third-richest person. On the other hand, Huang, with a net worth of $74.6 billion, has built Nvidia into a $2.1 trillion company, surpassing Meta&#8217;s $1.3 trillion valuation.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Zuckerberg and Huang&#8217;s friendship has been a topic of interest in the tech world.
Zuckerberg further solidified their friendship by <a href="https://www.benzinga.com/news/24/03/37974918/mark-zuckerberg-dons-nvidia-ceo-jensen-huangs-iconic-leather-jacket-in-viral-photo-calls-him-taylor">swapping jackets with Huang,</a> a move that he likened to a Taylor Swift-esque gesture. He also wrote a <a href="https://time.com/6964235/jensen-huang-2024/">profile</a> of Huang for Time Magazine, praising his leadership and vision.
Huang, who has been recognized for his visionary leadership, was praised by Zuckerberg for his determination and innovation in the tech industry.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Mark Zuckerberg on Fighting in the UFC, Meta AI, Legacy, Metaverse &amp; More" width="500" height="281" src="https://www.youtube.com/embed/8HrzoEvLWH0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38217420/elon-musk-cant-hold-back-laughter-as-jack-dorsey-calls-mark-zuckerberg-a-b-simp-over-decade-old-snid?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Can&#8217;t Hold Back Laughter As Jack Dorsey Calls Mark Zuckerberg A &#8216;B&#x2A;&#x2A; Simp&#8217; Over Decade-Old Snide Remark About Twitter</a>
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.
Photos courtesy: Shutterstock and Flickr

Mark Zuckerberg Spills The Beans On His Bromance With Nvidia's Jensen Huang: 'Hell Yeah, Let's Make Cheesesteaks'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Saturday hinted at the imminent launch of the company&#8217;s <a href="https://www.benzinga.com/markets/equities/24/04/38216186/glad-tesla-fsd-was-there-to-help-elon-musk-reacts-to-customers-crazy-story-of-how-driver-assista">Full Self-Driving (FSD) feature in China.</a>
What Happened: A Tesla owner in China expressed his anticipation for the FSD feature to be available in the country. He also inquired about the timeline for the HW3.0 system&#8217;s use of 3D modeling images and the release of new reversing assistance for Tesla HW3.0 owners in China. 
&#8220;It may be possible very soon,&#8221; Musk responded on X, formerly known as Twitter.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It may be possible very soon
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1781558948144820578?ref_src=twsrc%5Etfw">April 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This development comes on the heels of Tesla&#8217;s decision to <a href="https://www.benzinga.com/news/24/04/38230953/elon-musks-tesla-slashes-price-of-full-self-driving-package-by-half-now-99month">slash the price</a> of its FSD package by half, making it more accessible to a wider customer base. Musk had earlier stated that the FSD price would only increase as the system&#8217;s features and capabilities expanded, but the recent move contradicts this assertion.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284745/teslas-cybertruck-outpaces-porsche-taycan-in-q1-despite-lagging-behind-fords-f-150-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Cybertruck Outpaces Porsche Taycan In Q1 Despite Lagging Behind Ford&#8217;s F-150 Lightning, Rivian R1T</a>
In March, Musk had announced that the FSD software would be <a href="https://www.benzinga.com/news/24/03/37812316/tesla-fsd-should-be-really-shining-bright-by-late-april-or-early-may-says-ceo-elon-musk">&#8220;really shining bright&#8221; </a>by late April or early May, with the company rolling out three significant improvements every two weeks to rapidly scale its abilities. The FSD software is designed to enable autonomous driving but is still in &#8216;beta&#8217; and requires active driver supervision, contrary to its name.
Additionally, Tesla recently restarted its offer to allow for <a href="https://www.benzinga.com/news/24/04/38104901/tesla-fsd-transfer-no-longer-one-time-amnesty-as-ev-giant-reportedly-restarts-offer-again-for-these">transferring its FSD software</a> to new vehicle purchases, after initially allowing it as a &#8220;one-time amnesty&#8221; in 2023. This move was in response to requests from several Tesla owners who wanted to transfer the FSD software from their old Teslas to their new ones.
Price Action: On Friday, Tesla&#8217;s stock closed at $147.05, marking a 1.92% decrease from the previous day&#8217;s close, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
Read Next: <a href="https://www.benzinga.com/news/24/04/38288360/breaking-tesla-shareholders-to-vote-again-on-ceo-elon-musks-voided-47b-pay-package?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Fundamentally Unfair:&#8217; Tesla Board Chair Urges Shareholders To Vote Again On Elon Musk&#8217;s Voided Pay Package</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

TSLA

Elon Musk Reacts As Chinese Tesla Owner Says 'I Look Forward To Tesla FSD Entering China': 'Possible Very Soon'

Former Windows head Steven Sinofsky slammed Sen. Elizabeth Warren (D-Mass.) for claiming Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has a <a href="https://www.benzinga.com/general/politics/24/04/38343376/elizabeth-warren-attacks-apple-smartphone-monopoly-green-texts-on-iphones-theyre-ruining-relatio">"smartphone monopoly."</a>
What Happened: Sinofsky took to X, formerly Twitter, on Friday to voice his concerns about Warren's criticism of Apple.
Sinofsky's issue with Warren's comment is that Apple's iPhone market share – both in the U.S. and globally – falls short of meeting the requirements for being considered a monopoly.
See Also: <a href="https://www.benzinga.com/news/24/04/38334831/think-trading-in-your-iphone-helps-keep-planet-green-turns-out-there-are-plenty-of-dirty-secrets-rep">Think Trading In Your iPhone Helps Keep Planet Green? Turns Out There Are Plenty Of Dirty Secrets, Report Reveals</a>
"You know what is &#8216;just not right&#8217;? This needs a community note or 12. Also, good grief," he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This needs a community note or 12. Also, good grief. You know what is "just not right"? This &#x1f447; <a href="https://t.co/hDZoQgNh5q">https://t.co/hDZoQgNh5q</a>
&mdash; Steven Sinofsky (@stevesi) <a href="https://twitter.com/stevesi/status/1781181954131718564?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He was reacting to Warren, who said, "It's time to break up Apple's smartphone monopoly."
She also brought the focus on the <a href="https://www.benzinga.com/news/23/09/34818276/get-the-message-google-roasts-apple-with-new-mocking-ipager-add-to-end-green-vs-blue-text-bubbles-wa">green versus blue bubble debate</a>, saying, "Also, c'mon, let's stop leaving green text people out of the group chats. It's just not right."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Sinofsky&#8217;s post comes at a time when Apple is facing increased scrutiny from lawmakers and regulators. The company&#8217;s dominance in the smartphone market has been a subject of debate, with some calling for antitrust action.
According to a recent report, Apple <a href="https://www.benzinga.com/24/02/36893988/iphone-15-helps-apple-grab-64-us-market-share-in-q4-android-declines-report">held a 64% market share</a> in the U.S. at the end of the December 2023 quarter. It got a boost thanks to the <a href="https://www.benzinga.com/topic/iphone-15">iPhone 15</a> series, which was launched in September.
Earlier this week, Warren voiced her support for a Department of Justice antitrust case against Apple. Warren specifically criticized Apple&#8217;s smartphone market share.
Warren also criticized <a href="https://www.benzinga.com/news/23/12/36165068/apple-pulls-plug-on-imessage-for-android-app-beeper-mini-its-back-to-green-bubbles-now-for-android-u">Apple's decision</a> to pull the plug on the &#8216;iMessage for Android&#8217; app Beeper Mini. Apple CEO Tim Cook's <a href="https://www.benzinga.com/markets/equities/24/03/37886882/tim-cooks-buy-your-mom-an-iphone-comes-back-to-bite-apple-in-dojs-antitrust-lawsuit">conversation with a journalist</a> in 2022 made matters worse for Cupertino, finding its way into the U.S. Department of Justice's (DOJ) antitrust lawsuit against the company.
Apple has <a href="https://www.benzinga.com/markets/equities/24/03/37872817/apple-says-dangerous-doj-lawsuit-threatens-who-we-are-vows-to-fight-against-it">strongly defended</a> its position, arguing that the lawsuit poses a threat to the company&#8217;s core principles and its ability to innovate.
Price Action: Apple&#8217;s stock closed at 1.22% down at $165 on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38292593/china-linked-espionage-campaign-targeting-apples-iphones-blackberry-raises-alarm-with-new-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China-Linked Espionage Campaign Targeting Apple's iPhones: BlackBerry Raises Alarm With New Report</a>
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.
Photo courtesy: Shutterstock

Politics

AAPL

Former Windows Head Slams Elizabeth Warren For Apple's 'Smartphone Monopoly' Comment: 'This Needs A...Good Grief'

Tesla Inc. CEO Elon Musk has postponed his <a href="https://www.benzinga.com/markets/equities/24/04/38292965/elon-musk-to-jet-off-to-india-ahead-of-teslas-crucial-q1-earnings-eyes-2b-4b-investments-report">highly anticipated visit to India</a>, which was scheduled for April 21-22.
What Happened: Musk, who was expected to meet with Prime Minister Narendra Modi during his visit, has deferred the plans.
Tesla&#8217;s crucial Q1 earnings slated for April 23 have played a role in the delay, as confirmed by Musk in a post on X, formerly Twitter.
See Also: <a href="https://in.benzinga.com/content/38335728/chola-securities-dharmesh-kant-on-markets-as-earnings-kickoff-this-market-is-discounting-that-nothin" target="_blank" rel="noreferrer noopener">Chola Securities Dharmesh Kant On Markets As Earnings Kickoff This Market Is Discounting That Nothing Can Go Wrong'</a>
Musk said, "Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1781541775183610310?ref_src=twsrc%5Etfw">April 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<a href="http://pro.benzinga.com">Benzinga</a> has reached out to Tesla for a comment but did not immediately receive a response at the time of writing.
Wedbush's Dan Ives termed it a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38336261/tesla-musk-face-moment-of-truth-with-q1-earnings-call-believers-are-giving-up-on-th">"moment of truth"</a> for both Musk and Tesla.
&#8220;Next week&#8217;s conference call and messaging one of the most important moments in the company&#8217;s history in our view,&#8221; Ives said.
Why It Matters: Musk&#8217;s visit to India was highly anticipated, with speculations rife about the announcement of investment and manufacturing plans in the country.
The billionaire entrepreneur was <a href="https://in.benzinga.com/content/38196950/tesla-coming-to-india-elon-musk-to-meet-indian-pm-narendra-modi-likely-to-announce-investment-plan-l">expected to meet with PM Modi</a> and make an official announcement regarding his India strategies during the visit.
Additionally, Musk was reportedly <a href="https://www.benzinga.com/markets/equities/24/04/38292965/elon-musk-to-jet-off-to-india-ahead-of-teslas-crucial-q1-earnings-eyes-2b-4b-investments-report">considering an investment</a> of $2 billion to $3 billion for a new factory in India.
The Indian government&#8217;s recent decision to revise the foreign direct investment (FDI) limits in the space sector, effective April 16, was also seen as a move that could <a href="https://in.benzinga.com/content/38309589/how-stars-have-aligned-for-elon-musks-starlink-as-india-eases-fdi-caps-ahead-of-tesla-boss-visit">support Musk&#8217;s Starlink plans</a> in India.
Tesla is scheduled to report its first-quarter results on Tuesday, with analysts, on average, estimating earnings per share of 51 cents and revenue of $22.34 billion, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data.&nbsp;</a>This compares to the year-ago's 85 cents per share and $23.33 billion, respectively.
Read Next: <a href="https://in.benzinga.com/content/38333998/jio-financial-services-q4-net-profit-up-5-from-last-quarter-revenue-at-418-cr" target="_blank" rel="noreferrer noopener">Jio Financial Services Q4 Net Profit Up 5 From Last Quarter Revenue At ₹418 Cr</a>
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.
Photos courtesy: Shutterstock

Elon Musk Puts Plans To Meet India's Modi On Hold: 'Very Heavy Tesla Obligations Require That The Visit To India Be Delayed'

Tesla Inc. CEO Elon Musk ridiculed the <a href="https://www.benzinga.com/news/24/04/38341107/whats-going-on-with-nvidias-stock">sharp 10% decline</a> in Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock and its subsequent $211 billion market capitalization loss on Friday.
What Happened: Musk took to X, formerly Twitter, on Friday to mock the substantial decline in Nvidia's market capitalization. He referred to the 10% decline as &#8220;rookie numbers."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Rookie numbers
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1781479341366362115?ref_src=twsrc%5Etfw">April 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On Friday, Nvidia&#8217;s stock took a significant hit, resulting in a $211 billion loss in market capitalization. This was the second-largest single-day loss in the history of the U.S. stock market.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38314733/teslas-autonomous-driving-efforts-win-praise-from-goldman-sachs-wall-street-firm-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Autonomous Driving Efforts Win Praise From Goldman Sachs</a>
Overall, the Magnificent 7 group of stocks, which includes Apple Inc., Alphabet Inc.'s Google, Microsoft Corp., Meta Platforms Inc., Amazon.com Inc., Tesla and Nvidia together witnessed a record $950 billion loss of market capitalization in the last week, according <a href="https://www.marketwatch.com/story/nvidias-stock-plunge-leads-magnificent-seven-to-record-weekly-market-cap-loss-8e0a55f7">to</a> MarketWatch.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The decline in Nvidia&#8217;s stock value has had a significant impact on the market.
The tech-heavy Nasdaq 100 index <a href="https://www.benzinga.com/news/large-cap/24/04/38342737/nasdaq-100-notches-worst-day-since-late-2023-worst-week-since-late-2022-as-ai-driven-chipmakers-tu">experienced its worst day</a> since late 2023, and the worst week since late 2022, with a 2.1% drop on Friday. This marked the fourth consecutive week of declines, a negative streak not seen since May 2022.
On a weekly basis, the Nasdaq 100, which is closely tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tumbled 5.3%, marking its worst performance since October 2022. The downturn on Friday further exacerbated the already pessimistic sentiment surrounding U.S. tech stocks.
Nvidia&#8217;s stock decline was attributed to a series of events, including worse-than-expected earnings from <a href="https://www.benzinga.com/news/earnings/24/04/38341107/whats-going-on-with-nvidias-stock">ASML Holdings N.V.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and a reduced outlook for the chip market by <a href="https://www.benzinga.com/news/earnings/24/04/38341107/whats-going-on-with-nvidias-stock">Taiwan Semiconductor Manufacturing Company Ltd.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Despite the stock decline, <a href="https://www.benzinga.com/news/24/04/38320056/whats-going-on-with-apple-supplier-taiwan-semi-stock-on-thursday">TSM&#8217;s revenue surged 16.5%</a> to $18.87 billion, surpassing the Street consensus estimate of $18.40 billion. This was attributed to robust demand from artificial intelligence firms.
Other companies in the semiconductor sector, such as Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), also experienced stock declines on Friday, further adding to the overall negative sentiment in the market.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38334831/think-trading-in-your-iphone-helps-keep-planet-green-turns-out-there-are-plenty-of-dirty-secrets-rep">Think Trading In Your iPhone Helps Keep Planet Green? Turns Out There Are Plenty Of Dirty Secrets, Report Reveals</a>
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.
Image created via photos on Shutterstock

Equities

ASML

NVDA

SMCI

Elon Musk Reacts After Nvidia Stock Plunges 10% And Erases $212B Market Cap: 'Rookie Numbers'

House Oversight Committee Chair James Comer (R-Ky.) has publicly opposed the <a href="https://www.benzinga.com/news/24/04/38327855/marjorie-taylor-greene-says-mike-johnson-has-turned-into-a-mini-tyrant-we-need-a-new-speaker">motion to vacate Speaker</a> Mike Johnson (R-La.) filed by Rep. Marjorie Taylor Greene (R-Ga.).
What Happened: Comer criticized Greene&#8217;s motion to remove Johnson, stating that it is &#8220;not the right business model&#8221; in an <a href="https://www.foxnews.com/video/6351261923112">interview</a> with Fox News on Friday
Comer acknowledged the challenges Johnson has faced and the <a href="https://www.benzinga.com/news/24/04/38084745/marjorie-taylor-greene-brands-mike-johnson-a-democrat-comparable-to-nancy-pelosi-literally-turned-in">increasing pressure from Greene</a> due to his efforts to provide additional aid to Ukraine. Despite this, Comer believes that changing Speakers is not the solution.
"It's gotten a lot worse since he's been here. But changing Speakers is not the right business model."
Greene&#8217;s motion, filed in late March, has garnered support from at least three GOP co-sponsors. Greene has been vocal about her <a href="https://www.benzinga.com/news/24/04/38017280/marjorie-taylor-greene-and-mike-johnson-to-hold-discussion-next-week-following-text-interaction-shes">dissatisfaction with Johnson&#8217;s leadership,</a> particularly regarding the provision of additional aid to Ukraine.
See Also: <a href="https://www.benzinga.com/news/24/04/38341107/whats-going-on-with-nvidias-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Nvidia&#8217;s Stock?</a>
Comer, however, expressed his support for Johnson, suggesting that he should remain Speaker at least until the end of the current session. He also criticized the motion to vacate that led to the ousting of former Speaker Kevin McCarthy (R-Calif.) last year, calling it a &#8220;mistake.&#8221;
Why It Matters: Comer&#8217;s comments come amid growing discontent within the Republican Party over Johnson&#8217;s leadership. Greene has been vocal about her intentions to remove Johnson from his position, citing his efforts to provide additional aid to Ukraine as a primary reason. Despite her efforts, Johnson has received <a href="https://www.benzinga.com/news/24/04/38237873/marjorie-taylor-greene-isnt-backing-down-on-criticism-of-house-speaker-despite-donald-trumps-efforts">backing from former President Donald Trump</a>, who has expressed his support for the Speaker.
Greene&#8217;s motion to vacate was further supported by Rep. Thomas Massie (R-Ky.), who publicly endorsed <a href="https://www.benzinga.com/news/24/04/38284071/marjorie-taylor-greene-bid-to-oust-speaker-mike-johnson-joined-by-thomas-massie-its-a-clusterf-k">Greene&#8217;s efforts to remove Johnson.</a>
Johnson has also faced criticism from conservatives for the lack of border security provisions in his latest foreign aid proposal. He <a href="https://www.benzinga.com/news/24/04/38305637/mike-johnson-on-border-criticism-some-of-my-colleagues-want-the-speaker-of-the-house-to-have-a-magic">attributed the lack of action to Senate and White House Democrats</a>, stating that some of his colleagues want the Speaker of the House to have a &#8220;magic wand.&#8221;
Read Next: <a href="https://www.benzinga.com/news/24/04/38286407/gop-mega-donors-son-throws-support-behind-incumbent-president-in-biden-vs-trump-battle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Mega Donor&#8217;s Son Throws Support Behind Incumbent President In Biden Vs. Trump Battle</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

James Comer Slams Marjorie Taylor Greene's Motion To Oust Mike Johnson: 'It's Gotten A Lot Worse...But Changing Speakers Is Not The Right Business Model'

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has gone back to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36674199/teslas-price-cut-puzzle-will-discounts-drive-demand-or-train-customers-to-wait-for-">a strategy that has been widely criticized as one of the main reason</a>s for the electric vehicle maker&#8217;s current predicament. Late Friday, the company took down the price of its Model S, X and Y prices in the U.S.
What Happened: Updated pricing available on Tesla&#8217;s website showed that the prices of the dual-motor all-wheel drive Model S and the trimotor all-wheel drive Model S Plaid have been reduced by $2,000.
The changes are as follows:
<ul>
<li>Model S: $72,990 ( down 2.7% from $74,990 previously)</li>
<li>Model S Plaid: $87,990 (down 2.2% from $89,990 previously)</li>
<li>Model X: $77,990&#x2A; ( down 2.6% from $75,990 previously)</li>
<li>Model X Plaid: $92,990 (down 2.2% from $90,990 previously)</li>
<li>Model Y rear-wheel drive: $42,990&#x2A; (down 4.5% from $44,990 previously)</li>
<li>Model Y dual-motor AWD, Long Range: $47,990&#x2A; (down 4.0% from $49,990 previously)</li>
<li>Model Y dual-motor AWD, Performance: $51,490&#x2A; (down 3.7% from $53,490 previously)</li>
</ul>
&#x2A;not including the $7,500 EV federal tax credit
The previous prices were sourced from information provided by Tesla influencer Sawyer Merritt in a <a href="https://twitter.com/SawyerMerritt/status/1781532245955616983">post</a> on X.
Merritt also noted that Tesla has ended its referral program in the U.S. on April 30. &#8220;Qualifying referral orders placed by April 30, 2024, will continue to earn benefits upon delivery. Credits will still be redeemable until they expire,&#8221; the company apparently said in a communication to users. Earlier, Tesla Drive Canada <a href="https://driveteslacanada.ca/news/tesla-ending-referral-program-in-some-countries/">reported </a>about referral program expiry in select countries such as Australia, New Zealand, and South Korea.
See Also:&nbsp;<a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" target="_blank" rel="noreferrer noopener">Everything You Need To Know About Tesla Stock</a>
Why It&#8217;s Important: Tesla typically announces price cuts late Thursday and the fact that it has pushed it back until after the market close suggests the company is wary of the announcement creating volatility in the stock.
Tesla shares ended down for a sixth straight session on Friday and the losing streak resulted in a cumulative loss of about 16%. 
Tesla bulls and bears have been highly critical of the company&#8217;s price-cutting strategy, given the past results of the action. The multiple EV price cuts the company has announced since late 2022 in China and from the beginning of 2023 in the rest of the geographies have not served to lift volume. In the first quarter, deliveries declined year-over-year for the first time since the COVID-19-hit 2020-second quarter. This has given rise to fears that the company may be staring at a negative volume growth for 2024.
The core auto gross margin has suffered due to the price cuts and the action has also served to impact the EV industry as a whole, as the rest of the companies are forced to either follow suit and take a beating to their bottom line or stay pat and risk erosion in their market share.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
The price cuts culminate an event-filled week for Tesla as it announced a round of massive layoffs, including a couple of high-profile executives, and doubts about its sub-$30K EV plans intensified. 
Tesla is scheduled to report its first-quarter results on Tuesday, with analysts, on average, estimating earnings per share of 51 cents and revenue of $22.34 billion, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>This compares to the year-ago&#8217;s 85 cents per share and $23.33 billion, respectively.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38332930/management-expert-warns-elon-musk-faces-ceo-overload-after-tesla-layoffs-reportedly-leave-him-ov">Management Expert Warns Elon Musk Faces &#8216;CEO Overload&#8217; After Tesla Layoffs Reportedly Leave Him Overseeing 35 Key Personnel</a>
Image Created Via Midjourney

Tesla Slashes Model S, X And Y Prices In US By $2,000 In Late-Friday Move As Volume Growth Turns Negative

The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38331688/peter-schiff-slams-bitcoin-for-not-being-the-safe-haven-asset-its-promoted-to-be-af">recent market dip</a> in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw a significant increase in the holdings of large investors, commonly referred to as &#8220;whales,&#8221; who collectively added over $1.2 billion worth of BTC to their portfolios.
What Happened: On Friday, as the price of Bitcoin dropped below $60,000, large investors increased their holdings by 19,760 BTC, equivalent to $1.2 billion, according to a report by <a href="https://www.coindesk.com/markets/2024/04/19/bitcoin-whales-bought-12b-btc-amid-the-price-dip-fueling-the-quick-rebound/">CoinDesk</a>, citing data from IntoTheBlock.
This move is seen as a significant shift in the behavior of these influential market players.
"Bitcoin whales may have finally started buying the dip," said IntoTheBlock.
These large investors, who control substantial amounts of the digital asset, are often considered to be well-informed and their actions can have a considerable impact on the market.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38321897/dogecoin-shiba-inu-and-who-else-how-meme-coins-have-evolved-since-the-last-bitcoin-halving?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin, Shiba Inu And Who Else? How Meme Coins Have Evolved Since The Last Bitcoin Halving</a>
Their recent purchases may have contributed to Bitcoin&#8217;s rapid recovery from its overnight low of $59,600 to around $65,000. The cryptocurrency is currently trading at approximately $64,000, marking a 1% increase over the past 24 hours.
"Historically, accumulations by these addresses have often preceded rises in Bitcoin&#8217;s price."
Bitcoin, the largest cryptocurrency by market capitalization, has been experiencing a period of consolidation following record-breaking prices last month.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin whales may have finally started buying the dip&#x1f447; Yesterday, the biggest Bitcoin holders, holding over 0.1% of the total supply, collectively added 19,760 Bitcoins to their holdings at an average price of $62.5k. Historically, accumulations by these addresses have often… <a href="https://t.co/c8K5uhkna4">pic.twitter.com/c8K5uhkna4</a>
&mdash; IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1781263617528045852?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The recent behavior of Bitcoin whales is significant as it indicates a shift in market sentiment. This comes at a time when a new report has shed light on the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38317307/bitcoin-halving-will-institutions-and-smart-money-upend-past-price-rallies">role of institutions</a> and &#8220;smart money&#8221; in influencing Bitcoin&#8217;s price action.
Despite concerns about potential price volatility, Bitcoin has <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38340794/bitcoin-in-the-danger-zone-is-a-20-price-crash-imminent">held strong</a> following the fourth halving event, which saw miner rewards reduced from 6.25 BTC to 3.125 BTC.
Price Action: At the time of writing, Bitcoin was hovering at $63,694, reflecting a 0.1% increase in the last hour and a 5.9% increase in the last 24 hours, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38306270/dogecoin-could-make-elon-musks-fate-loves-irony-comment-come-true-if-it-flips-ethereums-ma?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Could Make Elon Musk&#8217;s &#8216;Fate Loves Irony&#8217; Comment Come True If It Flips Ethereum&#8217;s Market Cap</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image generated using Dall-E

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

Cryptocurrency

$BTC

Bitcoin Whales Scoop Up $1.2B Worth Of BTC During Market Dip: Is Potential Rally For King Crypto On The Cards?

The New York Attorney General Letitia James' office has moved to invalidate the $175 million bond secured by former President Donald Trump to delay payment of a larger monetary damage award in his <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37203878/peter-schiffs-theory-on-trump-ny-civil-fraud-case-ruling-attempt-to-scare-other-bus">civil fraud </a>case.
What Happened: The New York attorney general&#8217;s office has filed a request with a judge to nullify the <a href="https://www.benzinga.com/news/24/04/38037983/trump-clears-175m-bond-in-new-york-fraud-case-avoiding-potential-asset-seizures">$175 million bond</a> that Trump secured, arguing that the former president and his co-defendants failed to prove the surety used to obtain the bond has the money to back it, <a href="https://thehill.com/regulation/court-battles/4606053-ny-ag-trump-civil-fraud-judge-declare-175m-bond-without-effect/">The Hill</a> reported. 
The bond was secured by the California-based Knight Specialty Insurance Company. The state lawyers contended that Knight is a &#8220;small insurer that is not authorized to write business in New York&#8221; and had &#8220;never before written a surety bond in New York&#8221; until Trump.
The company&#8217;s total policyholder surplus is just $138 million, and under New York state law, companies like Knight can&#8217;t expose themselves to liabilities greater than 10% of their surplus.
See Also: <a href="https://www.benzinga.com/news/24/04/38305609/teary-biden-slams-trump-for-remarks-on-service-members-who-the-hell-does-he-think-he-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Teary Biden Slams Trump For Remarks On Service Members: &#8216;Who The Hell Does He Think He Is?&#8217;</a>
Why It Matters: The civil fraud case against Trump and his organization was initiated by the New York Attorney General. The case alleges that Trump and his organization <a href="https://www.benzinga.com/news/24/04/38103939/letitia-james-raises-questions-legitimacy-of-trumps-175m-bond-ex-presidents-attorney-says-another-wi">manipulated the value of assets</a> to obtain loans and tax benefits.
The judge is expected to address the issues raised by the attorney general&#8217;s office in a hearing on Monday, which will run parallel to the opening statements in Trump&#8217;s New York criminal trial.
These developments come amid a series of dramatic events surrounding Trump&#8217;s legal proceedings. On Friday, a <a href="https://www.benzinga.com/general/politics/24/04/38342704/protester-sets-self-on-fire-outside-trump-hush-money-trial-jury-selection-concludes-before-monda">protester set themselves on fire</a> outside the courtroom where Trump&#8217;s hush money trial was being held. This incident briefly interrupted the jury selection process.
Donald Trump is currently <a href="https://www.benzinga.com/news/23/03/31392130/trump-camp-slams-stormy-daniels-case-as-witch-hunt-by-radical-left-democrat-prosecutor" target="_blank" rel="noreferrer noopener">dealing with legal challenges</a> on both federal and state levels, across different places like New York City, Washington, Atlanta, Florida, and Georgia. Despite the allegations, he continues to assert his innocence, describing the cases as a &#8220;witch hunt.&#8221;
<a href="https://www.realclearpolitics.com/" target="_blank" rel="noreferrer noopener">According</a> to Real Clear Politics, at the national level, Trump held 44.6% support among voters, While Biden trailed with 44.2% support.
Read Next: <a href="https://www.benzinga.com/news/24/04/38305694/former-trump-attorney-says-very-unusual-to-have-lawyers-on-the-jury-they-can-be-a-very-strong-voice?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Trump Attorney Says &#8216;Very Unusual&#8217; To Have Lawyers On The Jury: &#8216;They Can Be A Very Strong Voice&#8217;</a>
Photo courtesy: Shutterstock

NY AG Letitia James Seeks To Void Trump's $175M Bond In Civil Fraud Case

Renowned crypto skeptic Peter Schiff took to X, formerly Twitter, to mock "Bitcoiners" after the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38345043/bitcoin-shrugs-off-fourth-halving-miner-rewards-halved-price-holds-strong">recent halving event</a>, suggesting that the "hodlers" will soon experience a halving of their net worth.
What Happened: Schiff sarcastically congratulated Bitcoin holders and asked if they were "throwing parties" to celebrate the halving event.
"Congratulations Bitcoiners on the Halving. Are you guys commemorating this occasion by throwing parties tonight? I haven&#8217;t been invited to any."
Bitcoin halving has taken place, with the 840,000th block having been mined. The mining reward has now been reduced to 3.125 BTC per block, compared to 6.25 BTC previously.
Bitcoin halving takes place every 210,000 blocks, and there are 21 million blocks in total. It is expected that this limit will be reached in 2040.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299089/trump-related-maga-memecoin-onboards-roger-stone-as-partner?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Related MAGA Memecoin Onboards Roger Stone As Partner</a>
While the halving event has reduced rewards for miners, Schiff mocked those holding the King Crypto.
"I think halving is an appropriate name for what&#8217;s happening as soon Bitcoin HODLers will experience a halving of their net worths."
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="581" height="259" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19213002/Peter-Schiff-1.jpg" alt="" class="wp-image-300797" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19213002/Peter-Schiff-1.jpg 581w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19213002/Peter-Schiff-1-300x134.jpg 300w" sizes="(max-width: 581px) 100vw, 581px" /></figure>
Why It Matters: The post comes after the completion of the fourth Bitcoin halving event, which occurred after the 840,000th block was mined. This event, which happens approximately every four years, is <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38341469/happy-bitcoin-halving-day-what-experts-predict-happens-next">designed to manage scarcity</a> and regulate the inflationary supply of Bitcoin.
This process effectively slows down the rate at which new Bitcoin is created. The last three halvings occurred in 2012, 2016, and 2020, leading to significant drops in mining rewards over time.
Some analysts have warned of <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38340794/bitcoin-in-the-danger-zone-is-a-20-price-crash-imminent">potential price volatility</a> following the halving. Pseudonymous cryptocurrency analyst Rekt Capital, for example, cautioned that the imminent Bitcoin halving may lead to price volatility.
Price Action: At the time of writing, Bitcoin was hovering at $63,600, down 0.1% in the last hour, and up 2.4% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38284502/dogecoin-killer-shiba-inu-sees-significant-increase-in-token-burn-rate-as-price-recovers-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Sees Significant Increase In Token Burn Rate As Price Recovers</a>
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.
Image: Pete Linforth from Pixabay

Analyst Color

Peter Schiff Mocks 'Bitcoiners' After Halving Event, Asks If They're 'Throwing Parties:' 'Hodlers Will Experience A Halving Of Their Net Worths'

Bitcoin experienced a 1.5% increase over the last 24 hours following the successful completion of the fourth Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/money/what-is-bitcoin-halving">halving event</a>, signifying a notable reduction in miner rewards. The event, which occurs every 210,000 blocks, has seen the reward for mining a block drop from 6.25 BTC to 3.125 BTC.
What Happened: The fourth Bitcoin halving event, a programmed process in the Bitcoin protocol, has taken place after the 840,000th block <a href="https://bitcoinhalving.club/">was</a> mined. This event, which occurs approximately every four years, is designed to manage scarcity and regulate the inflationary supply of Bitcoin.
As a result of the halving, Bitcoin miners will now receive 3.125 BTC per mined block, down from the previous 6.25 BTC. This process effectively slows down the rate at which new Bitcoin is created. The last three halvings occurred in 2012, 2016, and 2020, leading to significant drops in mining rewards over time.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38284502/dogecoin-killer-shiba-inu-sees-significant-increase-in-token-burn-rate-as-price-recovers-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Sees Significant Increase In Token Burn Rate, As Price Recovers — Is A Turnaround In The Making?</a>
Despite short-term predictions of price volatility within the crypto community, there remains optimism about the long-term potential of Bitcoin&#8217;s price. Billionaire investor Tim Draper believes that the halving is going to help push Bitcoin's price up to "$250,000 or more," a forecast he has consistently proclaimed, particularly in 2022.
&#8220;The Bitcoin halving is a pivotal event that historically signals a shift in the market, usually initiating a bullish trend over the following months. As we approached the fourth halving, the anticipation built, suggesting a continued—if slightly more subdued—upward trajectory,&#8221; M2 CEO Stefan Kimmel <a href="https://cointelegraph.com/news/bitcoin-halving-2024-completion-confirmed">told</a> Cointelegraph.
Why It Matters: Cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38342981/bitcoin-ethereum-dogecoin-pick-up-steam-the-pre-halving-week-in-retrospect">markets surged on Friday</a>, with a 47.5% spike in total crypto liquidations reaching $258.7 million and a more than double increase in total exchange inflows, as investors eagerly awaited the <a href="https://www.benzinga.com/topic/bitcoin-halving" target="_blank" rel="noreferrer noopener">Bitcoin Halving</a>.
The global cryptocurrency market cap now stands at 2.35 trillion, up 4.7% in the past 24 hours. In the same period, 84,226 traders were liquidated, with total liquidations amounting to $257.93 million, on late Friday. 
Price Action: At the time of writing BTC was trading at $63,914, gaining 0.7% in minutes after halving, according to <a href="http://pro.benzinga.com">Benzinga Pro.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38293168/macro-guru-raoul-pal-says-80-of-his-crypto-investment-is-in-this-ethereum-rival-and-i-have?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Macro Guru Raoul Pal Says 80% Of His Crypto Investment Is In This Ethereum Rival: &#8216;And I Have 1% In Stupid S&#x2A;&#x2A;t Like Dogwifhat, Dogecoin And Bonk&#8217;</a>
Photo courtesy: Shutterstock

Bitcoin Shrugs Off Fourth Halving: Miner Rewards Halved, Price Holds Strong

SMFL

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

As 4/20 is upons us, <a href="https://www.benzinga.com/topic/weedmaps">Weedmaps </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAPS#NASDAQ">MAPS</a>) has provided valuable insights to forecast a significant sales boost for the industry and a widespread celebration of marijuana. The data, derived from big data analysis of user activities on the platform, indicates that the previous year&#8217;s 4/20 was highly successful, with Weedmaps experiencing a twofold increase in normal operations.
<h2 class="wp-block-heading">Big Data, Big Deals</h2>
Weedmaps pointed out that consumers are prioritizing value, as the platform registered a 200% surge in orders that redeem deals through the platform during 4/20 week of 2023 compared to 2022.&nbsp;
Furthermore, the platform has observed a rising trend in usage, with deal claims increasing by 100% over 2022. This uptick is likely motivated by price reductions, as the costs for flowers, vape pens, and edibles have continued to decrease for the second consecutive year, showing declines of 15%, 14%, and 17% when compared to 2021.
Weemaps also shared that consumers will probably be expending even more in goods than years before, since the average order value surged to $96.22 in 2023, a 14% increase compared to an average Thursday in April of 2023. This is despite deflation.
Additionally, the quantity of orders expanded by an average of 25% in terms of items per basket on 4/20 of last year, in comparison to 2022.
<h2 class="wp-block-heading">Category Insights</h2>
<ul>
<li>During the 4/20 retail week of 2023, vape pens witnessed a 29% growth over 2022, and an impressive 126% increase compared to 2020, with the largest demographic being Gen Z (31%).</li>
</ul>
<ul>
<li>Edibles are predominantly favored by consumers aged 50 and above, accounting for nearly half of all edible sales. The edibles category saw a 36% rise in orders during the 4/20 week of 2023 compared to the previous year.</li>
</ul>
<ul>
<li>Cannabis flower remains the top choice across all age groups, with nearly half of all orders on 4/20 in 2023 falling into this category. Remarkably, sales of flowers through Weedmaps surged by 47% on 4/20 compared to the prior year, and this growth expanded to 202% when compared to 4/20 in 2020.</li>
</ul>

MAPS

Unparalleled 4/20: Weedmaps Unveils Consumer Trends Ahead Of Cannabis Industry's Biggest Holiday

As you may have heard, cannabis consumption among older folks is on the rise. More specifically, seniors are one of the fastest-growing groups of <a href="https://www.benzinga.com/cannabis">cannabis users in the U.S. </a>
As it turns out, many older adults have been consuming weed for decades and new ones are joining in on the fun. Cannabis consumption among our parents and grandparents has quadrupled in the past eight years.
Study after study suggests that older adults are using cannabis to remedy an array of conditions such as sleep issues, pain,&nbsp;inflammation and to activate their appetites. 
But most consume because they still enjoy getting high.
"Sure, I sleep better with cannabis and topical creams alleviate my knee pain, but that's all new. I've been smoking pot for the past four decades and I see no reason to stop getting high," said Cynthia P who recently retired as an ER nurse in Ohio where recreational marijuana <a href="https://www.benzinga.com/markets/cannabis/23/11/35664155/ohio-legalizes-cannabis-and-overwhelmingly-approves-abortion-rights">became legal</a> last November.
Scientists and researchers are wisely becoming interested in this Baby Boomer demographic of 77 million, many of whom are healthy, economically stable and have no plans of checking out anytime soon, so they say.
One particular<a href="https://www.frontiersin.org/articles/10.3389/fnagi.2022.804890/full" target="_blank" rel="noreferrer noopener">&nbsp;study</a>,&nbsp;that examined marijuana use in adults aged&nbsp;60 to 88 found that&nbsp;whole-plant cannabis did&nbsp;not harm&nbsp;cognition but rather the opposite.&nbsp;Older cannabis users, relative to non-users, had&nbsp;significantly greater neuronal communication between the cerebellum and hippocampus.
Why? Age-related changes in the&nbsp;<a href="https://www.benzinga.com/markets/cannabis/22/07/28272841/the-endocannabinoid-system-101-the-basics-made-easy" target="_blank" rel="noreferrer noopener">endocannabinoid system</a>&nbsp;(ECS) include a decrease in the number of cannabinoid receptors throughout the brain.&nbsp;The ECS,&nbsp;a significant aspect of our human physiology that&nbsp;helps maintain homeostasis,&nbsp;is a complex cell-signaling system in the brain and body that interacts with just about all of our&nbsp;other body systems.&nbsp;
Which means? During normal aging, the decline in cannabinoid receptors correlates with increased levels of inflammation in these brain regions causing a loss of neurons in the hippocampus, which is critical for learning and&nbsp;memory.&nbsp;This, in short, explains age-related memory impairment.&nbsp;&nbsp;
"Oh, I believe that," Cynthia told Benzinga. "While I never consumed for a full shift before going to work, I'm convinced that marijuana has helped keep me and my mind sharp as I aged. I'm not saying it's for everyone, but for people of my generation there's nothing better."
Now Read: <a href="https://www.benzinga.com/markets/cannabis/24/04/38341776/hemp-space-grew-3x-the-rate-of-cannabis-where-did-marijuana-get-it-wrong">Hemp Space Grew 3X The Rate Of Cannabis, Where Did Marijuana Get It Wrong?</a>
Photo: Shutterstock

Exclusives

It's 4/20, Do You Know Where Your Parents Are?

The Detroit Lions finished with one of their best records in years for the 2023 season, which means they will have a lower pick in the<a href="https://www.benzinga.com/nfldraft/"> 2024 NFL Draft.</a>
Would General Manager Brad Holmes consider trading out of the first round with the 2024 NFL Draft taking place in Detroit?
What Happened: Detroit Lions fans might not like the answer given by Holmes to the media on scenarios that could see the Lions trade their 29th overall first-round pick and move back in the <a href="https://www.benzinga.com/nfldraft/detroit-live-events/">2024 NFL Draft.</a>
Holmes was asked about a scenario of trading out of the first round and didn't hesitate to say he will do what is best for the franchise.
"We have to do the right thing for the organization," Holmes said, as <a href="https://www.detroitlions.com/news/holmes-prepared-to-apologize-to-fans-if-lions-trade-out-of-first-round">reported </a>by Lions writer Mike O'Hara.
Holmes said while he would consider trading out of the first round, it's important to note that, with the draft taking place in Detroit, there might be a greater chance of upsetting the fans if he makes such a move.
A trade out of the first round could mean that any Lions fans in attendance Thursday will have spent all day downtown to watch other teams take their players in the draft.
Holmes said he would send out a "PSA and apologize" if he trades out of the first round.
"Hopefully, our fans will forgive us. We won't expect immediate forgiveness right then and there, but hopefully when the season starts."
Detroit was announced as the host city for the NFL Draft back in 2022.
"Another opportunity for our franchise and our city and just for the world to kind of migrate to downtown Detroit," Holmes said earlier this week.
Related Link: <a href="https://www.benzinga.com/general/sports-betting/24/04/38318190/michigan-wolverines-will-have-6-high-demand-players-in-2024-nfl-draft-will-history-repeat-">Michigan Wolverines Will Have 6 High-Demand Players In 2024 NFL Draft: Will History Repeat Itself?</a>
Why It's Important: Holmes is no stranger to trading in the NFL Draft. Since joining as the Lions GM in 2021, Holmes has taken part in several drafts for the team and is known for dealmaking.
This includes the 2023 NFL Draft, which saw the Lions trade their sixth overall pick, acquired from the Los Angeles Rams in the Matthew Stafford trade. The Lions traded the sixth pick to the Arizona Cardinals and received back the 12th, 34th and 168th overall picks.
Lions fans will remember the 2023 Draft saw several impact players taken including running back Jahymyr Gibbs with the 12th pick and tight end Sam LaPorta with the 34th pick. Both rookies played in the 2023 NFL season and were among the top first-year players, finishing third and fourth, respectively, in NFC offensive rookie of the year voting.
The 12-5 record and appearance in the NFC Championship game gives the Lions the 29th overall pick, one of their lowest earned in years.
The Lions also have the 61st overall pick and 73rd, but have only those three picks in the first four rounds, with no fourth-round pick this year. This could prompt Holmes to be open to trades to pick up additional picks. The Lions also have a fifth-round pick, two sixth-round picks and a seventh-round pick, for seven overall picks.
In the 2023 NFL Draft, the Lions had eight picks, including two first-round picks and two second-round picks.
The Lions have had a first round pick in every season since 1994, with 1993 being the last year they didn't select a player in the first round.
The Lions&#8217; top needs by position include cornerback, offensive line and wide receiver. The Lions last took a wide receiver in the first round of 2022 (Jameson Williams) and a cornerback in the first round of 2020 (Jeff Okudah). For the offensive line, the Lions last took a guard or center in the first round in 2018 with Frank Ragnow, and last took an offensive tackle in the first round in 2021 with Penei Sewell. Of these four players, three are still with the Lions.
Join Benzinga's live draft reaction show Thursday, April 25 to hear our instant thought on who the Lions take 29th overall or our reaction to the Lions trading out of the first round.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534; LIVE NFL Draft Watch Party: Benzinga&#039;s Expert Analysis &amp; Reactions!" width="500" height="281" src="https://www.youtube.com/embed/XMBqIWZb7h0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Photo via Shutterstock.

Sports

Detroit Lions Have First-Round Pick Every Year Since 1994: Would They Really Trade Out With Draft In Motor City?

&quot;We are disappointed to announce the wind-down of our Phase 2 NASH trial, which we attribute entirely to resource constraints,&quot; said John Brancaccio, Executive Chairman of Hepion. &quot;The Company remains committed to its strategic alternative efforts previously announced in December 2023. Given the number of enrolled NASH patients to date and the low probability of generating relevant efficacy data to support a registrational trial with our current cash resources, we have opted to wind down the program and assure that patients are transitioned out of the trial in a safe and compliant manner. There were no safety concerns observed for rencofilstat in the ASCEND-NASH trial.&quot;

Biotech

HEPA

Hepion Pharmaceuticals Says Given The Number Of Enrolled NASH Patients To Date And The Low Probability Of Generating Relevant Efficacy Data To Support A Registrational Trial With Our Current Cash Resources, We Have Opted To Wind Down The Program And Assure That Patients Are Transitioned Out Of The Trial In A Safe And Compliant Manner"

Hepion Pharmaceuticals Shares Resumed Trading

frontdoor Non-GAAP EPS of $0.20, revenue of $366M

Frontdoor Inc (FTDR) said before open Wednesday that it earned $0.2 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.On the revenue line, the company reported $366 million, beating estimates by $7.1 million.In the

Frontdoor Inc Down 8.87% To $30.10 After Earnings Beat

Frontdoor, Inc. 2023 Q4 - Results - Earnings Call Presentation

Frontdoor, Inc. (FTDR) Q4 2023 Earnings Call Transcript

frontdoor (FTDR – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Eric Sheridan from ...

Sell Rating Maintained for Frontdoor Inc. Amid Economic Uncertainties and Strategic Concerns

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Dine Brands Global (DIN – Research Report), frontdoor (FTD...

Analysts Offer Insights on Consumer Cyclical Companies: Dine Brands Global (DIN), frontdoor (FTDR) and Advance Auto Parts (AAP)

Wells Fargo analyst Brian Fitzgerald assigned a Hold rating on frontdoor (FTDR – Research Report) yesterday and set a price target of $36.00. Brian...

Balanced Outlook for Frontdoor (FTDR): Hold Rating Amidst Growth and Market Challenges

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on frontdoor (FTDR – Research Report), Choice Hotels (CHH – R...

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: frontdoor (FTDR), Choice Hotels (CHH) and Playags (AGS)

Small and midcap pair trades for every sector - Oppenheimer

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Monarch Casino & Resort (MCRI – Research Report) and front...

Analysts Offer Insights on Consumer Cyclical Companies: Monarch Casino & Resort (MCRI) and frontdoor (FTDR)

ACHC

AMSF

ATEN

CELH

ESTC

EVER

HWKN

INSP

MCRI

NBIX

OLLI

OTTR

PARR

PECO

PETQ

SAIA

SCHL

SPMD

TBLA

USNA

VMEO

Press Releases

Frontdoor Releases its 2023 Corporate Sustainability Report

Frontdoor, Inc. to Announce Fourth-Quarter and Full-Year 2023 Results

American Home Shield Offering 40% Off Its Most Popular Plan

Frontdoor Announces Full-Year 2023 Revenue Increased 7% to $1.78 Billion

Frontdoor App Now Available To Gift

American Home Shield Offering 40% Off ShieldGold™ For Limited Time

Marketing Campaign Relaunches Iconic Home Warranty Brand

Frontdoor Announces 2024 National Contractor Award Winners

Frontdoor, Inc. to Announce First-Quarter 2024 Results

Gift a Frontdoor Unlimited Membership for $25 and Get Another One for Just $1!

Allurion Technologies

The Beachbody Company, Inc. Class A Common Stock

Beachbody Co

Carriage Servs

E-Home Household Service Holdings Limited - Ordinary shares

E-Home Household Service

European Wax Center, Inc. - Class A Common Stock

European Wax Center

H&R Block

Mister Car Wash