Latest News for Sylvania Platinum Stock (OTC:SAPLF)

Sylvania Platinum

Sylvania Platinum Ltd is a South Africa-based company engaged in producing platinum group metals (PGM's) such as platinum, palladium, and rhodium. The company's core business is the retreatment of PGM rich chrome tailings material. Its operating segment includes Sylvania Dump Operations (SDO) and Exploration. It generates maximum revenue from the Sylvania Dump Operations (SDO) segment. Geographically, it derives revenue from South Africa. It also holds prospecting and mining rights for several PGM projects on the Northern Limb of the Bushveld Igneous Complex.

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SYLVANIA PLATINUM LTD ORD by Sylvania Platinum Limited

Sylvania Platinum Ltd

HomeServices of America, the real estate firm owned by Warren Buffett, has agreed to pay $250 million to settle a nationwide antitrust lawsuit. The settlement could potentially transform <a href="https://www.benzinga.com/news/24/02/37193641/warren-buffetts-empire-nears-trillion-dollar-club-as-class-a-shares-hit-above-600-000">the way real estate agents are compensated.</a>
What Happened: According to&nbsp;a <a href="http://nypost.com/2024/04/26/business/warren-buffetts-real-estate-firm-paying-250m-to-settle-antitrust-suit-over-commissions/">report </a>by the New York Post, HomeServices of America, a subsidiary of Berkshire Hathaway (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-a#NYSE">BRK-A</a>), was the last defendant in a case against the National Association of Realtors (NAR) and four brokerages.
After a jury verdict in Kansas City, Missouri, in October, the settlement aims to preempt a potentially larger payout. The verdict sided with home sellers who alleged that the industry had artificially inflated real estate commissions.
The jury awarded damages of $1.78 billion. HomeServices&#39;s settlement, which still requires court approval, follows the NAR&#39;s $418 million settlement last month.
Analysts suggest that the agreed-upon changes could reduce commissions by at least 25%.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/08/33936436/here-are-the-eyebrow-raising-moves-warren-buffett-michael-burry-and-bill-ackman-made-recently" target="_blank">Here Are The Eyebrow-Raising Moves Warren Buffett, Michael Burry And Bill Ackman Made Recently</a>
With this latest settlement, the NAR and the brokerages, including HomeServices and Re/Max, will pay over $943 million to resolve antitrust claims.
HomeServices&#39; settlement will result in a $140 million after-tax accounting charge, according to spokesperson Chris Kelly, who emphasized that the settlement is &quot;a sole obligation of HomeServices, with no participation by any parent entity.&quot;
Why It Matters: This settlement comes after&nbsp;<a href="https://www.benzinga.com/news/24/01/36815518/this-is-how-much-warren-buffetts-company-missed-out-on-by-dumping-costco-stock-in-2020">Berkshire Hathaway</a>&nbsp;missed several opportunities, including the sale of its shares in Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) during 2020, which resulted in a potential loss of approximately $1.5 billion in gains.
Berkshire Hathaway, led by <a href="https://www.benzinga.com/news/23/03/31512478/warren-buffetts-success-mantra-the-amount-you-are-loved-is-the-ultimate-measure-of-success-in-life">Warren Buffett</a>, has been known for its savvy investments and strategic moves, such as the $3 billion investment in Dow Chemical during the 2008 financial crisis, which ultimately&nbsp;<a href="https://www.benzinga.com/news/23/09/34661392/how-warren-buffett-poured-3b-into-this-company-during-2008-financial-crisis-and-doubled-his-money">doubled the firm&#39;s&nbsp;money</a>.
The latest settlement, however,&nbsp;could potentially alter the landscape of real estate commissions, impacting real estate agents&#39; earnings and home sellers&#39; costs. It also underscores the legal challenges large corporations face in their business operations.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/09/34193584/warren-buffett-and-elon-musk-both-share-this-same-business-acumen-that-has-led-to-their-success">Warren Buffett And Elon Musk Both Share This Same Business Acumen That Has Led To Their Success</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="box-sizing:inherit; color:rgba(var(--sk_highlight,18,100,163),1); text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

General

Real Estate

BRK-A

COST

Warren Buffett's Real Estate Firm Coughs Up $250M To Avoid Bigger Payout Over Commissions

In a bizarre incident&nbsp;this month, a Utah couple inadvertently shipped their pet cat in <a href="https://www.benzinga.com/news/23/10/35254697/amazon-listed-a-strange-job-opening-leading-to-speculations-about-the-companys-real-intentions">an Amazon return package</a>.
The feline, named Galena, was discovered safe in California six days&nbsp;later, having survived without food or water, according to&nbsp;Utah&#39;s <a href="https://ksltv.com/639614/utahns-reunited-with-pet-cat-they-accidentally-shipped-with-amazon-return/">KSL-TV</a>.&nbsp;
Galena&#39;s owner, Carrie Clark, realized her pet was missing on April 10. She&nbsp;and her family reportedly spent nearly a week searching their home and local area, even posting missing posters throughout the town.
On April 17, Clark received a notification that Galena&#39;s microchip had been scanned, leading to a call from a California-based veterinarian.&nbsp;The vet revealed that Galena was discovered in an Amazon return package containing five pairs of steel-toed work boots.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/12/36167127/heres-how-much-amazons-ads-business-is-willing-to-pay-for-top-talent">Here&#39;s How Much Amazon&#39;s Ads Business Is Willing To Pay For Top Talent</a>
An Amazon employee had apparently&nbsp;found Galena in a warehouse after she had been without food or water for six days. The employee then promptly took her to a vet.
&quot;I ran to tell my husband that Galena was found, and we broke down upon realizing that she must have jumped into an oversized box that we shipped out the previous Wednesday,&quot; Clark told KSL-TV.
Clark and her husband then flew to California for an emotional reunion with their pet.
Clark said she hopes this story will encourage more pet owners to microchip their animals, as it greatly enhances the likelihood of lost pets being found and returned to their owners.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/04/31755746/amazons-pre-layoff-payroll-peek-a-boo-the-massive-salaries-of-engineers-data-scientists-managers-and" target="_blank">Amazon&#39;s Pre-Layoff Payroll Peek-a-Boo: The Massive Salaries Of Engineers, Data Scientists, Managers And Others</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="box-sizing:inherit; color:rgba(var(--sk_highlight,18,100,163),1); text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock
&nbsp;

A Utah Couple Frantically Searched For Their Missing Cat — Only To Find Out They Had Accidentally Shipped Her In An Amazon Package

In a digital showdown echoing past corporate scandals, Facebook co-founder Dustin Moskovitz set off a firestorm on Thursday, leveling <a href="https://www.benzinga.com/news/24/04/38474626/tesla-is-now-enron-folks-facebook-co-founder-claims-musks-ev-giant-is-cooking-up-some-fsd-data">allegations of fraudulent practices </a>against Elon Musk&#8217;s Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Comparing Tesla&#8217;s actions to the notorious downfall of Enron, Moskovitz&#8217;s remarks have reignited concerns about corporate integrity and accountability.
What Happened: Moskovitz, now CEO of software company Asana, took to Threads to voice his apprehensions, stating, "I know I sound crazy to most people who don't follow $TSLA closely but at this point it really needs to be said. This is Enron now, folks." <a href="https://www.benzinga.com/news/24/04/38474588/elon-musk-claps-back-at-facebook-co-founders-consumer-fraud-accusations-against-tesla-should-go-to-j">Musk&#8217;s response</a>? A barrage of ridicule on X (formerly Twitter), with Musk quipping, "Yeah, Dustin is the one who should go to jail for impersonating a smart person."
Amid Moskovitz&#8217; comparison of Tesla to Enron, here&#8217;s what you should know about the commodities firm, which was repeatedly hailed as America's "most innovative" and became an enduring symbol of corporate fraud later.
See Also: <a href="https://www.benzinga.com/news/24/04/38475796/youll-be-amazed-elon-musk-urges-tesla-drivers-to-try-supervised-full-self-driving-software">&#8216;You&#8217;ll Be Amazed:&#8217; Elon Musk Urges Tesla Drivers To Try Supervised Full Self-Driving Software</a>
The Enron Saga
The <a href="https://www.benzinga.com/general/education/21/12/24405944/this-day-in-market-history-enron-declares-bankruptcy">Enron scandal back in 2001</a> was like something out of a cautionary tale, showing just how bad corporate greed and deception can get. When the U.S. energy giant went belly-up, it didn&#8217;t just go down by itself — it took down Arthur Andersen LLP, a big auditing and accounting firm, with it. With the firm&#8217;s assets totaling over $60 billion, the collapse of Enron sparked huge debates and led to changes in the law to make sure accounting standards were stronger and more honest.
The Enron Era
Enron&#8217;s story began in 1985 when it was created by the merger of Houston Natural Gas Corporation and InterNorth, Inc. Led by Kenneth Lay and Jeffrey Skilling, Enron quickly became a major player in energy derivatives trading. Skilling&#8217;s bold trading tactics, combined with the chief financial officer Andrew Fastow&#8216;s financial savvy, helped Enron become a leader in the natural gas contracts market. Expanding into different commodities and launching Enron Online during the dot-com boom boosted the company&#8217;s value sky-high.
The Downfall Of Eron
Enron&#8217;s luck turned sour when the bull market started to fade and people started looking closer. Shareholders started pushing harder, so executives turned to shady accounting tricks like &#8220;mark-to-market accounting&#8221; and used special purpose entities (SPEs) to hide losses. Enron would value its future contracts at their estimated market value, booking anticipated profits immediately, even though those profits hadn&#8217;t been realized yet.
Despite warnings and internal voices speaking up, Enron couldn&#8217;t sustain its facade. In 2001, Securities and Exchange Commission (SEC) investigations revealed widespread fraud, sending stock prices crashing down. Efforts to save the company with buyouts failed, and Enron had to file for Chapter 11 bankruptcy protection, bringing a shameful end to its reign.
See Also: <a href="https://www.benzinga.com/news/24/04/38474900/tesla-to-cut-693-jobs-in-nevada-amid-global-workforce-reduction-government-notice">Tesla To Cut 693 Jobs In Nevada Amid Global Workforce Reduction: Government Notice</a>
Enron's stock price peaked at over $90 per share in mid-2000. When the market closed on Nov. 30, 2001, Enron's stock price was just 26 cents.
Aftermath: Accountability And Reforms
The fallout from the Enron scandal reverberated across the corporate landscape. Top executives, including Skilling and Lay, faced indictments and convictions for conspiracy and fraud. Arthur Andersen, complicit in the cover-up, met a similar fate, losing its license and reputation. Shareholders and employees bore the brunt of financial losses, sparking a wave of civil suits. In response, regulatory reforms such as the Sarbanes-Oxley Act were enacted to bolster transparency and governance in corporate firms.
Eron Saga Now A Blur Past 
While the Enron saga is now in the past, it has taught stakeholders many lessons: to remain vigilant and to demand transparency and accountability from corporate leaders.
For Moskovitz&#8217; criticism of Tesla, the company has yet to respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
The EV giant, led by Musk, saw its stock closing 1.11% lower at $168.28 per share on Friday, according to data from <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro.</a> The stock is down 32.26% year-to-date.
For<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38398667/tesla-bulls-praise-musks-q1-earnings-call-see-ev-giant-on-collision-course-with-ube"> the first quarter</a>, Tesla reported revenue of $21.3 billion, down from the $23.33 billion reported a year earlier. This is the first time the&nbsp;company's quarterly revenue has fallen&nbsp;since the pandemic in 2020.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38373389/tesla-ceo-elon-musk-takes-swipe-at-waymo-says-cybertruck-might-be-needed-for-robotaxis-in-san-franci?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Takes Swipe At Waymo, Says Cybertruck Might Be Needed For Robotaxis In San Francisco</a>
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

Tech

TSLA

Facebook Co-Founder Brings Back Old Memories As He Alleges Elon Musk's Tesla Will Be The Next 'Enron' — Here's What You Should Know About The Company That Is Etched In History Books For Corporate Fraud

With former President Donald Trump&#8216;s criminal trial underway, only 13% believe he is receiving fair treatment. In comparison, 34% each feel he is being <a href="https://www.benzinga.com/news/24/04/38449644/trumps-request-for-new-trial-in-rape-defamation-trial-rejected-judge-says-ex-presidents-attacks-on-e" target="_blank" rel="noreferrer noopener">treated more harshly or more leniently than other defendants</a>. 
Only 44% express confidence in a fair verdict following jury selection, with 56% skeptical that a fair outcome would take place, a recent CNN poll conducted by SSRS <a href="https://edition.cnn.com/2024/04/25/politics/cnn-poll-trump-trial/index.html" target="_blank" rel="noreferrer noopener">revealed</a>. Furthermore, opinions on Trump&#8217;s behavior during the trial varied, with 42% finding it inappropriate, 25% appropriate, and a third undecided due to lack of information.
Interestingly, more Americans (45% compared to 39% last summer) believe the charges in the ongoing trial concerning Donald Trump&#8217;s alleged falsification of business records to conceal payments to Stormy Daniels are irrelevant to his presidential fitness, despite the accusations.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38427342/trumps-social-media-company-auditor-misspells-own-name-14-times-in-regulatory-filings-report" rel="noreferrer noopener">Trump&#8217;s Social Media Company Auditor Misspells Own Name 14 Times In Regulatory Filings: Report</a>
Roughly 75% of voters supporting Trump in the 2024 election against President Joe Biden assert they&#8217;ll remain loyal even if he&#8217;s convicted of a crime, with 24% indicating that a conviction could potentially prompt them to reassess their support for him.
Trump is confronting charges in four separate cases, and the survey question asked about being convicted of a crime without detailing the charge, according to CNN. About 12% of all registered voters surveyed are open to reconsidering their stance, potentially crucial in a close race if he&#8217;s convicted in any of the four trials before Election Day.
The potential political ramifications of a conviction are uncertain, but an analysis of the characteristics of Trump supporters open to reconsideration provides some insights. 
They skew younger (64% under 50 compared to 37% who wouldn&#8217;t reconsider), are more racially diverse (49% people of color vs. 17%), and were more likely to have voted for Biden in 2020 (20% vs. 6%). They also more likely to acknowledge Biden&#8217;s legitimate victory in 2020 (63% vs. 22%), tend to be independents (49% vs. 31%), and are ideologically moderate (50% vs. 38%).
Views regarding the significance of the cases to Trump&#8217;s fitness for office&nbsp;seem to be&nbsp;evolving.&nbsp;
While more people view the hush money charges as irrelevant to his suitability for the presidency, there&#8217;s also a slight increase in those deeming charges related to election interference and classified documents as irrelevant to his presidential fitness if proven true (37% now, up from 33% last summer).
Regarding the ongoing trial, the majority of Americans believe Trump has acted unethically. Still, fewer believe his actions were criminal: Approximately one-third (33%) view Trump&#8217;s actions related to his business records and hush money payments as illegal. In comparison, another third (33%) consider them unethical but not illegal. Only 12% believe he did nothing wrong in the case, with about 21% expressing uncertainty.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38449644/trumps-request-for-new-trial-in-rape-defamation-trial-rejected-judge-says-ex-presidents-attacks-on-e" target="_blank" rel="noreferrer noopener">Trump&#8217;s Request For New Trial In Rape Defamation Trial Rejected, Judge Says Ex-President&#8217;s Attacks On E. Jean Carroll &#8216;Malicious And Unceasing&#8217;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Equities

Politics

Voters Reveal Whether They Feel Donald Trump Is Receiving Fair Treatment In Court In Latest Poll — What That Means For Former President's Election Chances

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led a recovery in electric vehicle stocks in the week that ended on April 26, as <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38398667/tesla-bulls-praise-musks-q1-earnings-call-see-ev-giant-on-collision-course-with-ube">the company delivered what its investors wanted to hear</a> in its earnings release and on its earnings call. Firmer broader market sentiment also helped to some extent.
Here are the key events that happened in the EV space during the week:
Tesla Affirms Product Plans And More: After a string of price cuts across its markets, Tesla chose to make peace with investors by reaffirming that it would roll out a low-end model. Analysts have emphasized the importance of an affordable EV in boosting Tesla&#8217;s sales from their current slump. The company announced an accelerated start of production for the new model, moving it up from the previously stated &#8220;second-half of 2025.&#8221; It will incorporate elements of both the next-generation platform and its current platforms, and will be manufactured using existing production lines.
Skeptics, however, suggested that the company&#8217;s announcement implied the absence of a sub-$30K car in the pipeline, instead indicating a plan to reduce features in its current lineup.
Tesla reported a double-miss, underperforming relative to both first-quarter earnings and revenue expectations, with its free-cash-flow sinking into negative territory. This prompted even bullish analysts to take down their estimates for the company.
Tesla confirmed on its earnings call that the Tesla Semi, which is now being sold exclusively to PepsiCo., will be manufactured from a new factory in Reno and first deliveries to external customers will begin in early 2026.
Tesla bull Ron Baron said in a CNBC interview this week that, while the stock could have bottomed now, &#8220;it&#8217;s going to go up huge.&#8221;
Another key Tesla executive confirmed this week that he would leaving. Tesla&#8217;s Investor Relations Head Martin Viecha said at the end of the earnings call that he communicated the decision to CEO Elon Musk and CFO Vaibhav Taneja a month ago. 
&#8220;I'll be hanging around for another couple of months or so. So, feel free to reach out at any time. But after the seven-year sprint, I'm going to be taking a break and spending some good quality time with my family,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best Electric Vehicle Stocks</a>
Fisker In Talks For Potential Sale: Beleaguered EV maker Fisker, Inc.&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSRN#OTC">FSRN</a>) CEO Henrik Fisker told employees in an all-hands meeting that the company was in talks with four automakers for a potential sale, Business Insider <a href="https://www.businessinsider.in/thelife/news/fisker-tells-employees-that-4-automakers-are-in-talks-to-buy-the-struggling-startup/articleshow/109602666.cms">reported</a>.
&#8220;We still have some time to get other offers on Fisker. We do have four car companies that have signed NDAs. However, they obviously need time to get to some diligence,&#8221; he reportedly said. 
The report comes close on the heels of the company filing its 10-K report in which it said it &#8220;believes that its available liquidity will not be sufficient to meet its current obligations for a period of at least twelve months from the date of the filing of this Annual Report on Form 10-K. Accordingly, the Company has concluded there is substantial doubt about its ability to continue as a going concern.&#8221;
BYD&#8217;s Pickup Named &#8220;Shark&#8221;: Chinese EV startup and Warren Buffett-backed BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) announced on its Weibo account that its first energy pickup truck will officially be called the BYD Shark and will be built on the DMO super hybrid off-road platform, <a href="https://cnevpost.com/2024/04/22/byd-names-pickup-shark/">reported</a> CnEVPost.
The vehicle will be sold globally, the company said. The report also stated that the pickup will be positioned as a mid-size model, surpassing the Toyota Hilux in size.
VinFast Founder&#8217;s Financing Commitment: Vietnamese EV maker VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>), which entered the U.S. market in 2022, may receive support from its founder as it contends with fierce competition and a slowing industry. Bloomberg reported that Vietnamese billionaire Pham Nhat Vuong <a href="https://www.benzinga.com/markets/equities/24/04/38422694/emerging-tesla-challenger-to-receive-another-1b-from-vietnamese-billionaire-i-will-not-give-up-o">pledged to invest at least another $1 billion of his personal wealth into VinFast</a> at the company&#8217;s shareholders meeting.
Rivian Doing A Tesla? After Tesla announced flat $2,000 price reductions for its Model S,X and Y EVs as part of its Earth Day celebration, Rivian said it would offer <a href="https://www.benzinga.com/markets/equities/24/04/38380242/rivians-earth-day-offer-trade-in-your-gas-powered-car-and-get-up-to-5k-off-on-r1-ev">a discount of up to $5,000 on qualifying new R1 models </a>when customers trade in select gas-powered vehicles. Additionally, buyers would become eligible for a year of charging on the Rivian Adventure Network at no additional cost.
The discount, ranging from $1,000 to $5,000, is available to customers in the U.S. and Canada for deliveries taken between April 22 and June 30.
The KraneShares Electric Vehicles and Future Mobility&nbsp;Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) ended Friday&#8217;s session up 2.30% at $21.32, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a> For the week, the ETF gained 1.33%.
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>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38453144/teslas-robotaxi-plan-hasnt-excited-investors-but-fund-manager-gary-black-says-this-">Tesla&#8217;s Robotaxi Plan Hasn&#8217;t Excited Investors, But Fund Manager Gary Black Says This Is What Matters More: &#8216;No Other Way To Interpret This&#8230;&#8217;</a>
EV Stock Performances For Week:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Performances (+/-)</td>
</tr>
<tr>
<td>Tesla</td>
<td>+14.44%</td>
</tr>
<tr>
<td>Nio, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)</td>
<td>+18.16%</td>
</tr>
<tr>
<td>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)</td>
<td>+13.13%</td>
</tr>
<tr>
<td>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>-5.08%</td>
</tr>
<tr>
<td>Fisker</td>
<td>+23.04%</td>
</tr>
<tr>
<td>Workhorse Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</td>
<td>-2.67%</td>
</tr>
<tr>
<td>Hyzon Motors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>)</td>
<td>-3.52%</td>
</tr>
<tr>
<td>Canoo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>)</td>
<td>-2.81%</td>
</tr>
<tr>
<td>Rivian </td>
<td>+4.75%</td>
</tr>
<tr>
<td>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</td>
<td>+0.41%</td>
</tr>
<tr>
<td>Faraday Future Intelligent Electric, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>)</td>
<td>-19.93%</td>
</tr>
<tr>
<td>Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>)</td>
<td>-0.08%</td>
</tr>
<tr>
<td>VinFast </td>
<td>+3.18%</td>
</tr>
</tbody>
</table>
</figure>
Photo: Shutterstock

Media

BYDDF

BYDDY

FFIE

FSRN

GOEV

HYZN

KARS

LCID

NKLA

WKHS

XPEV

Tesla Calms Investors After Dismal Q1, Fisker Buyout Buzz, BYD Enters Pickup Game And More: Biggest EV Stories Of The Week

The criminal trial of former President Donald Trump, which&nbsp;focuses&nbsp;on the hush money payments&nbsp;made during his 2016 presidential campaign,&nbsp;has brought to light his alleged efforts to conceal potentially <a href="https://www.benzinga.com/news/24/04/38346954/trump-in-hot-seat-in-hush-money-case-prosecutors-seek-deep-dive-into-ex-presidents-alleged-misconduc">damaging information about his personal life.</a>
What Happened: According to a report <a href="https://www.washingtonpost.com/politics/2024/04/26/trump-trial-david-pecker-testimony-hush-money/">by </a>the Washington Post,&nbsp;the trial shed light on&nbsp;Trump&#39;s dependence on David Pecker, a well-connected tabloid editor and former executive of the National Enquirer who&nbsp;testified over four days about how Trump&#39;s team utilized the tabloid to boost his campaign and suppress scandalous stories.
Prosecutors attempted to prove that Trump was fully cognizant of these actions and those made by his&nbsp;former attorney, Michael Cohen.&nbsp;
The trial&#39;s primary focus is a $130,000 hush money payment made to adult film actress Stormy Daniels that was allegedly made to keep her quiet about a past sexual encounter with Trump. According to prosecutors, the payment was&nbsp;classified as a legal fee instead of a campaign expense to avoid public disclosure.
The former president, currently facing 34 counts of falsifying business records, has pleaded not guilty.&nbsp;His&nbsp;team has contended&nbsp;that, if any crime was committed, it was Cohen and not him.&nbsp;
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/02/37193915/judge-calls-out-ivanka-trump-in-new-york-civil-fraud-case-says-her-memory-recall-was-suspect" target="_blank">Judge Calls Out Ivanka Trump In New York Civil Fraud Case, Says Her Memory Recall Was &#39;Suspect&#39;</a>
Why It Matters: This trial follows a series of legal challenges for Trump. In March, the former president&#39;s legal team appealed directly to federal authorities, seeking access to Cohen&#39;s personal emails and text messages to discredit him in the ongoing trial.
The following month, Manhattan prosecutors expressed their intent to delve into two instances of alleged deceit involving Trump and his team.
Legal experts previously&nbsp;suggested that the presence of Trump&#39;s wife, Melania Trump, and daughter, Ivanka Trump, in the courtroom could positively influence the jury&#39;s perception of him.&nbsp;
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38348768/courtroom-appearances-by-these-two-members-of-donald-trumps-family-could-help-him-in-hush-money-tria">Courtroom Appearances By These Two Members Of Donald Trump&#39;s Family Could Help Him In Hush-Money Trial, Say Experts</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" rel="noopener noreferrer" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

In Week 1 Of Donald Trump's Hush Money Trial, A Former Tabloid Exec Revealed How Ex-President Tried To Suppress Damaging Stories

<a href="https://www.benzinga.com/news/23/11/35557096/billionaire-investor-ron-baron-says-elon-musks-spacex-can-be-even-bigger-than-tesla-by-next-decade">SpaceX</a> CEO Elon Musk on Friday questioned the European Space Agency&#8217;s reusability attempts with its Ariane 6 launch vehicle. 
What Happened: &#8220;Reusability plans?&#8221; Musk wrote in response to the picture of the second booster of Ariane 6 shared by the agency on X. 
<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">Reusability plans?
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1783892306590081283?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The booster in the picture will help power the rocket&#8217;s first flight to space in summer, ESA said. 
Ariane 6 was initially expected to fly in 2020 but faced several delays. With Ariane 6&#8217;s predecessor Ariane 5 having its last flight in July and the Vega-C rocket being taken out of service in December 2022 following a failure, the European Space Agency is now left with no autonomous access to space. 
The Ariane 6, therefore, is a major focus point for the European space industry. The launch vehicle is manufactured by ArianeGroup, a joint venture between Airbus and Safran. 
Reusability In The Space Industry: Ariane 6 is not reusable but expendable, meaning it can only be launched once. Musk&#8217;s SpaceX, meanwhile, is attempting to make its rockets reusable to bring down the cost of spaceflight.
In July 2023, Musk warned that rocket manufacturers will <a href="https://www.benzinga.com/news/23/07/33383081/elon-musk-tells-rocket-makers-go-all-in-on-reusability-or-be-utterly-uncompetitive">need to go all-in on reusability</a> or risk being uncompetitive. 
&#8220;Rockets are no different from other transport technologies, just harder to make reusable. No one would buy a single-use airplane, car or even bicycle! You&#8217;d need to tow another car just for the return trip,&#8221; Musk then said. 
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>.
Read More: <a href="https://www.benzinga.com/news/24/04/38475303/elon-musk-says-spacex-to-solve-in-space-refueling-for-starship-by-next-year-necessary-to-make-life-m">Elon Musk Says SpaceX To Solve In-Space Refueling For Starship By Next Year: &#8216;Necessary To Make Life Multiplanetary&#8217;</a>
Image Via Shutterstock

SPACE

Elon Musk CEO Questions European Space Agency's Lack Of Reusability For Its Ariane 6 Launch Vehicle

As the weekend approaches, it&#8217;s the perfect time to dive into some fresh and exciting content streaming on Hulu and Disney+.
Whether you&#8217;re in the mood for heartwarming family dramas, thrilling adventures, or mind-bending mysteries, these platforms have got something new for everyone.
Here&#8217;s a roundup of the top five new releases to add to your watchlist this weekend.
<h3 class="wp-block-heading">Vanderpump Villa</h3>
<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/2024/04/26102345/Vanderpump-Villa-1024x576.jpg" alt="" class="wp-image-310980" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Vanderpump Villa &#x7C; Image credit: Hulu</figcaption></figure>
If you enjoyed shows like Below Deck or Vanderpump Rules, then Hulu&#8217;s new series, Vanderpump Villa, is for you. This show takes viewers inside the opulent Chateau Rosabelle, Lisa Vanderpump&#8217;s French estate, and follows the lives of her hand-picked staff.
Get ready for high stakes as they cater to the extravagant desires of their wealthy guests.
Where To Watch: Hulu
<h3 class="wp-block-heading">Renegade Nell</h3>
<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/2024/04/26102817/Renegade-Nell-1024x576.jpg" alt="" class="wp-image-310993" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Renegade Nell &#x7C; Image credit: Disney+</figcaption></figure>
Wrongly accused of murder, Nell Jackson (played by Louisa Harland from Derry Girls) is forced to become a daring highwaywoman! But Nell&#8217;s not alone. A mischievous sprite (voiced by Nick Mohammed from Ted Lasso) grants her incredible powers to face down the most dangerous enemies in this thrilling adventure, Renegade Nell.
Where To Watch: Disney+
<h3 class="wp-block-heading">Anatomy Of A Fall</h3>
<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/2024/04/26102840/Anatomy-Of-A-Fall-Neon-1024x576.jpg" alt="" class="wp-image-310994" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102840/Anatomy-Of-A-Fall-Neon-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102840/Anatomy-Of-A-Fall-Neon-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102840/Anatomy-Of-A-Fall-Neon-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102840/Anatomy-Of-A-Fall-Neon.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Anatomy Of A Fall &#x7C; Image credit: Neon</figcaption></figure>
Oscar-nominated Anatomy of a Fall (dir. Justine Triet) chills with a murder. Expat Sandra (Sandra Hüller) lives quietly in the French Alps with her husband (Samuel Theis) until his mysterious death makes her a suspect. The film explores their troubled marriage, leaving you to decide: murder or tragedy?
Where To Watch: Hulu
<h3 class="wp-block-heading">Poor Things</h3>
<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/2024/04/26102927/Poor-Things-Searchlight-Pictures-1024x576.jpeg" alt="" class="wp-image-310996" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures-1536x864.jpeg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures.jpeg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Poor Things &#x7C; Image credit: Searchlight Pictures</figcaption></figure>
Poor Things is a dark twist on Frankenstein. Revived by Dr. Baxter (Willem Dafoe), Bella (Emma Stone) embraces a wild life with lawyer Wedderburn (Mark Ruffalo). She rejects societal constraints and fights for equality in this darkly comedic adventure.
Where To Watch: Hulu
<h3 class="wp-block-heading">Indiana Jones And The Dial Of Destiny</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny-1024x512.jpg" alt="" class="wp-image-310997" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny-1024x512.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny-300x150.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny-768x384.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny.jpg 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Indiana Jones And The Dial Of Destiny &#x7C; Image credit: Lucasfilm</figcaption></figure>
Indy&#8217;s Last Ride? Harrison Ford returns as Indiana Jones in Dial of Destiny.  Facing retirement, Indy battles an old foe for a powerful artifact. Teaming up with Helena Shaw (Phoebe Waller-Bridge), he hunts for glory in a world that&#8217;s moved on.
Where To Watch: Disney+
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: Unsplash

Entertainment

Thinking What To Watch This Weekend? Here Are Our Fresh Picks Streaming On Hulu And Disney+

In a surprising turn of events,&nbsp;Joe Biden&nbsp;has expressed his <a href="https://www.benzinga.com/general/politics/24/03/37550422/trump-ready-to-debate-biden-anytime-anywhere-anyplace-how-media-companies-shareholders-could-be-">willingness to engage in a debate</a> with&nbsp;Donald Trump&nbsp;ahead of the <a href="https://www.benzinga.com/topic/2024-election">2024 general election</a>, a stark contrast to his previous reservations.
What Happened: In an interview with radio host&nbsp;Howard Stern on Friday, President Biden stated his readiness to debate Trump. This marks a shift from his earlier stance, where he said his participation depends on Trump&#8217;s &#8220;behavior,&#8221; <a href="https://www.bloomberg.com/news/articles/2024-04-26/biden-says-he-would-debate-trump-after-having-expressed-doubts?srnd=politics-vp">reported</a> Bloomberg.
&#8220;I am, somewhere. I don't know when. I'm happy to debate him,&#8221; Biden said. 
Trump, the <a href="https://www.benzinga.com/news/24/03/37505302/nikki-haley-to-withdraw-from-2024-presidential-race-paves-way-for-trumps-gop-victory-report">presumptive GOP nominee</a>,&nbsp;had previously expressed his <a href="https://www.benzinga.com/general/politics/24/03/37550422/trump-ready-to-debate-biden-anytime-anywhere-anyplace-how-media-companies-shareholders-could-be-">willingness to debate Biden</a> under any circumstances. &#8220;I am calling for Debates, ANYTIME, ANYWHERE, ANYPLACE! The Debates can be run by the Corrupt DNC, or their subsidiary, the Commission on Presidential Debates (CPD),&#8221; he said last month. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38405064/anthony-scaramucci-says-nikki-haley-is-still-polling-nicely-in-pa-despite-ending-bid-against-trump-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Nikki Haley Is Still Polling &#8216;Nicely&#8217; In PA, Despite Ending Bid Against Trump: &#8216;And If You Are With Him: CRY&#8217;</a>
However, the Republican National Committee had announced that their nominee would not&nbsp;participate in debates hosted by&nbsp;the nonpartisan Commission on Presidential&nbsp;Debates, citing bias.
During the interview, Biden also criticized Trump&#8217;s support for the individuals&nbsp;who stormed the <a href="https://www.benzinga.com/news/24/04/38327539/trumps-bid-to-pause-jan-6-capitol-riot-case-denied-by-judge">U.S. Capitol&nbsp;on Jan. 6, 2021</a>, and his&nbsp;<a href="https://www.benzinga.com/government/23/03/31177649/if-trump-were-president-putin-would-have-invaded-poland-too-scaramucci">reported comments mocking</a> fallen U.S.&nbsp;soldiers. He expressed his readiness to confront Trump on these issues on a debate stage.
&#8220;Trump makes fun of me,&#8221; Biden said, describing Trump as the kind of individual &#8220;you wish you could have got in the neighborhood and meet head-to-head.&#8221;
Why It Matters: The 2024 presidential election is shaping up to be a highly competitive race, with both Biden and Trump emerging as frontrunners, as indicated by the&nbsp;<a href="https://www.benzinga.com/general/sports-betting/24/04/38417836/trump-and-biden-get-ready-2024-election-betting-odds-point-to-major-showdown">betting odds</a>. The election is expected to be a close contest, with swing states showing a tight race between the two candidates.
Meanwhile, Trump&#8217;s financial situation has been under scrutiny, with the former president facing a hefty fine for fraud charges. His ability to repay the fine has been questioned, with some speculating whether his <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38461151/donald-trumps-crypto-investments-could-help-pay-back-his-450m-in-damages">crypto investments</a> could help him settle the debt.
<a href="https://www.realclearpolitics.com/" target="_blank" rel="noreferrer noopener">According</a> to Real Clear Politics, at the national level, Trump held 44.8% support among voters, While Biden trailed with 44.5% support.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38395938/kim-jong-uns-sister-pledges-to-build-north-koreas-overwhelming-military-power-amid-rising-regional-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kim Jong Un&#8217;s Sister Pledges To Build North Korea&#8217;s &#8216;Overwhelming&#8217; Military Power Amid Rising Regional Tensions</a>
Disclaimer: 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.
Photos via Shutterstock.

Joe Biden Reverses Stance, Agrees To Debate Ex-President Ahead Of 2024 Rematch: 'Trump Makes Fun Of Me'

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Friday urged his X followers and fellow Tesla drivers to drive the supervised version of the company&#8217;s Full Self-driving software. 
What Happened: &#8220;Try out Tesla supervised full self-driving and you&#8217;ll be amazed!,&#8221; Musk wrote on X, formerly 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">Try out Tesla supervised full self-driving and you'll be amazed! <a href="https://t.co/ZQ3mYV27DN">https://t.co/ZQ3mYV27DN</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1783971365349171640?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Full Self-driving or FSD refers to Tesla&#8217;s driver assistance software which the company says will enable autonomous driving in due time. It currently requires active driver supervision but is expected to &#8220;be&nbsp;<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" target="_blank" rel="noreferrer noopener">really shining bright</a>&#8221; by late April or May, Musk stated in March.
During Tesla&#8217;s first-quarter earnings call earlier this week, the CEO <a href="https://www.benzinga.com/news/24/04/38397845/tesla-will-solve-autonomy-even-if-i-got-kidnapped-by-aliens-tomorrow-says-elon-musk-as-he-reveals-ta">reiterated his optimism </a>and said, "Even if I got kidnapped by aliens tomorrow, Tesla&nbsp;will&nbsp;solve autonomy, maybe a little slower, but it would solve autonomy for vehicles at least." 
"If somebody doesn't believe Tesla is going to solve autonomy, I think they should not be an investor in the company," he added.
Earlier this month, Tesla announced that its cars have driven one billion miles with FSD software, a significant increase from the end of 2023 when FSD-driven miles were below 800 million.
"Won&#8217;t be long before Tesla exceeds 10B miles of FSD," Musk&nbsp;<a href="https://www.benzinga.com/news/24/04/38120491/elon-musk-reacts-as-tesla-celebrates-1b-miles-driven-with-fsd-software-wont-be-long-before-10b-miles" target="_blank" rel="noreferrer noopener">had then remarked</a>.
Why It Matters: Tesla is currently actively trying to increase the take rate for its software. In late March, Tesla started rolling out a 30-day free trial of its FSD to all customers in the U.S. who did not purchase it. Musk also reportedly instructed staff to provide new vehicle buyers with a short ride&nbsp;<a href="https://www.benzinga.com/news/24/04/38019042/teslas-chief-designer-gives-demo-drives-of-full-self-driving-features-to-customers-after-elon-musks" target="_blank" rel="noreferrer noopener">demonstrating the capabilities&nbsp;</a>of Tesla's driver-assist features in real-time.
Furthermore, Tesla cut the price of its full self-driving (FSD) driver assistance software to $8,000 from $12,000,<a href="https://www.benzinga.com/news/24/04/38351810/tesla-fsd-is-now-nearly-50-cheaper-than-when-elon-musk-called-it-very-low-just-under-a-year-ago"> marking a price cut of about 33%</a>, over the last weekend. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38373389/tesla-ceo-elon-musk-takes-swipe-at-waymo-says-cybertruck-might-be-needed-for-robotaxis-in-san-franci?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Takes Swipe At Waymo, Says Cybertruck Might Be Needed For Robotaxis In San Francisco</a>
Photo via Shutterstock

'You'll Be Amazed:' Elon Musk Urges Tesla Drivers To Try Supervised Full Self-Driving Software

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is currently in a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38471459/bitcoin-ethereum-dogecoin-on-shaky-ground-crypto-veteran-sees-bitcoin-still-stuck-in-range">precarious position</a>, with a potential downside looming, according to a prominent crypto analyst.
What Happened: The analyst, known by the pseudonym RektCapital, has cautioned that Bitcoin may be heading for another downturn within the next two weeks.
Rekt Capital, who has a following of over 74,000 subscribers on YouTube, has compared the current Bitcoin correction to its 2016 halving price action. He pointed out that in 2016, Bitcoin experienced two corrective waves, one before the halving and another after it.
"If we think about the pre-halving danger zone [now], we need to also potentially factor in or at least consider a potential danger zone after the halving – so, a second danger zone."
The analyst believes that Bitcoin could potentially witness another pullback in the coming weeks, based on this historical precedent.
Rekt Capital suggested that Bitcoin could remain within the post-halving danger zone until next month, based on historical price action.
He also highlighted the significance of Bitcoin&#8217;s current support zone, around the $60,000 price, and its potential to endure over the next couple of weeks.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38460505/are-dogecoin-and-shiba-inu-primed-for-the-next-leg-up?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Are Dogecoin And Shiba Inu Primed For The Next Leg Up?</a>
Why It Matters: The warning from Rekt Capital comes at a time when the cryptocurrency market is experiencing a period of uncertainty.
Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) were trading in the red on Friday, with <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38471459/bitcoin-ethereum-dogecoin-on-shaky-ground-crypto-veteran-sees-bitcoin-still-stuck-in-range">global concerns</a> adding to the market&#8217;s instability.
However, some analysts see this period of consolidation as the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38463604/bitcoins-consolidation-is-the-calm-before-the-storm-veteran-trader-lark-davis-writes">&#8220;calm before the storm.&#8221;</a> Veteran cryptocurrency influencer Lark Davis, for instance, believes that despite the consolidation, there are several bullish factors for Bitcoin&#8217;s price.
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Price Action: At the time of writing, Bitcoin is trading at $62,963, marking a decrease of 2.2% 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/24/04/38402854/dogecoin-killer-shiba-inu-burn-rate-skyrockets-2-212-as-robinhood-wallet-moves-3-trillion-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">‘Dogecoin Killer' Shiba Inu Burn Rate Skyrockets 2,212%, As Robinhood Wallet Moves 3 Trillion SHIB In A Single Transaction</a>
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.
Photo courtesy: Shutterstock

Analyst Color

Bitcoin Faces 'Second Danger Zone' As Analyst Warns Of Potential Downside: Here's What To Expect

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