Tiziana Life Sciences Stock (NASDAQ: TLSA)

Tiziana Life Sciences Stock (NASDAQ:TLSA), Trade Ideas

Tiziana Life Sciences

Tiziana Life Sciences Ltd is a clinical-stage biotechnology company that specializes in the developing transformative therapies for neurodegenerative and lung diseases. Its clinical pipeline includes drug assets for Secondary Progressive Multiple Sclerosis, ALS. Alzheimer's, Crohn's Disease and KRAS+ NSCLC. Tiziana is led by a team of highly qualified executives with extensive drug development and commercialization experience.

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Tesla shares fell only slightly. And auto recalls are nothing new. Recall how, in 1981, Ford issued a recall on 21 million vehicles.

Tesla Shares Hardly Damaged Despite Recall: Full Self-Driving Is Elon Musk&#39;s &#39;Holy Grail,&#39; Analyst Says

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Tiziana Life Sciences Ltd

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has started sending <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36039263/did-tesla-overpromise-and-underdeliver-with-the-cybertruck">Cybertruck delivery invites</a> to long-term shareholders who opted for early delivery, company executive Martin Viecha said on Friday. 
What Happened: &#8220;The first batch of early Cybertruck delivery invites for long-term shareholders just went out &#8211; please check your inbox!,&#8221; Viecha wrote in a post on X, formerly Twitter. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The first batch of early Cybertruck delivery invites for long-term shareholders just went out &#8211; please check your inbox! Sorry about the delay, verifying statements of so many shareholders is taking some time. More to come! Thanks <a href="https://twitter.com/J0se?ref_src=twsrc%5Etfw">@J0se</a>, his team and the IR team &#x1f642; <a href="https://t.co/jshOaWmm6u">https://t.co/jshOaWmm6u</a>
&mdash; Martin Viecha (@MartinViecha) <a href="https://twitter.com/MartinViecha/status/1784006816625770877?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
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Tesla announced an <a href="https://www.benzinga.com/news/24/03/37610567/tesla-offers-early-cybertruck-delivery-to-long-term-shareholders-how-to-check-if-you-qualify">exclusive offer to its long-term shareholders</a>, allowing them to receive early delivery of the Foundation Series Cybertruck, in March. The criteria was that the Cybertruck reservation be made in the shareholder&#8217;s name before March 1. Each participant must further provide brokerage statements showing that they owned Tesla shares on Feb. 28, 2021, and owned at least 500 Tesla shares on Feb. 29. The more recent brokerage statement must also show that the participant still owns at least half of the shares they owned as of Feb. 28, 2021, the company said. 
Viecha on Friday pegged the delay in sending out the first batch of invites to the statement verification process. The company had to verify statements from &#8220;so many shareholders,&#8221; he said, hinting that several shareholders opted into the offer. 
Cybertruck Delivery Timeline: Tesla aims to deliver 250,000 units of the Cybertruck in a year <a href="https://www.benzinga.com/news/23/10/35322048/tesla-ceo-elon-musk-details-enormous-challenges-in-reaching-volume-production-for-cybertruck-we-dug">starting in 2025. </a>
During Tesla's third-quarter earnings call in October, a month before the Cybertruck&#8217;s delivery event,&nbsp;Musk had said that over a million people had already reserved the vehicle. 
In January, Tesla Supply Chain Vice President&nbsp;Karn Budhiraj&nbsp;said&nbsp;that the conversion of reservations to orders for the vehicle has been &#8220;very encouraging&#8221; and that the company has been receiving new orders since the vehicle's launch, implying that those lower below the waitlist might have to wait for their vehicles until 2026 or later<a href="https://www.benzinga.com/news/24/02/37174949/want-your-cybertruck-delivered-faster-tesla-offers-priority-option-if-you-have-these-many-referral-c"> without these offers.</a> 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/government/24/04/38454591/breaking-nhtsa-starts-probe-into-teslas-software-fix-for-2m-vehicles-recalled-in-december">Did Tesla&#8217;s Software Update Fix Autosteer Problems For 2M Cars? NHTSA Starts Probing</a>
Photo via Shutterstock

'Check Your Inbox!': Tesla Sends Out Expedited Cybertruck Delivery Invites To Long-Term Shareholders

Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; has outlined the key events that investors should keep an eye on in the upcoming week.
What Happened: Cramer highlighted the significant events scheduled for the week, including earnings reports from&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and&nbsp;Eli Lilly and Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>),&nbsp;<a href="https://www.cnbc.com/2024/04/26/cramers-week-ahead-fed-meeting-and-apple-amazon-eli-lilly-report.html">reported</a> CNBC on Friday.
He also spoke about the importance of the <a href="https://www.benzinga.com/topic/fomc-meeting">Federal Reserve meeting</a> on Wednesday and the&nbsp;employment figures from the Department&nbsp;of Labor on Friday.
The Mad Money host expressed his concerns about the economy, stating, &#8220;We&nbsp;have to run such a&nbsp;ridiculous gauntlet next week that&nbsp;I have no idea how&nbsp;it'll play out.&#8221; Adding, &#8220;But&nbsp;I do think the economy's&nbsp;getting weaker — I just&nbsp;hope the Federal Reserve has noticed.&#8221;
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.
On Monday,&nbsp;SoFi&nbsp;and&nbsp;Domino&#8217;s Pizza&nbsp;will report their earnings. Tuesday will see reports from&nbsp;Eli Lilly,&nbsp;McDonald&#8217;s,&nbsp;Amazon, and&nbsp;Starbucks. Wednesday will feature reports from&nbsp;CVS,&nbsp;Pfizer,&nbsp;Wingstop,&nbsp;Carvana, and&nbsp;Marriott, as well as the Fed&#8217;s rate announcement.
Cramer said Eli Lilly&#8217;s outcomes will offer clarity on the sales performance of the <a href="https://www.benzinga.com/general/biotech/24/04/38356901/changing-frugal-eating-habits-how-novo-nordiskeli-lillys-weight-loss-drugs-reshaping-food-spendin">company&#8217;s weight loss</a> and diabetes drug, along with further details on the potential approval timeline for its Alzheimer&#8217;s treatment by <a href="https://www.benzinga.com/general/biotech/24/03/37558545/eli-lillys-donanemab-for-alzheimers-hits-fda-speed-breaker-biogen-stock-gains-on-delayed-decision">the Food and Drug Administration</a>.
On Thursday, Apple is set to release its report, with Cramer highlighting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38378204/apple-is-a-top-stock-pick-for-2024-analyst-says-4-catalysts-to-look-for-in-next-ear">significant investor skepticism</a> toward the Big Tech firm. He pointed out that <a href="https://www.benzinga.com/news/24/03/37821802/apple-vision-pro-gets-nvidia-boost-with-dedicated-data-centers-to-stream-advanced-3d-experiences">Apple&#8217;s collaboration</a> with Nvidia, facilitating enterprise applications for the Vision Pro, could potentially bolster the stock.
Why It Matters: On Thursday, Cramer <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38456821/jim-cramer-scoffs-at-disproportionate-coverage-of-apple-while-google-and-microsoft-">criticized the disproportionate coverage</a> of Apple&#8217;s struggles compared to the successes of Google and Microsoft. He pointed out that while Apple&#8217;s challenges with antitrust regulations and declining iPhone sales in China received major attention, the <a href="https://www.benzinga.com/news/24/04/38459818/real-deal-amid-microsoft-google-earnings-techpreneur-says-by-2030-companies-not-fully-utilizing-ai-w">remarkable quarterly results</a> of Google and Microsoft barely made the news.
He has previously also&nbsp;<a href="https://www.benzinga.com/news/earnings/24/04/38406798/jim-cramer-takes-potshots-at-tesla-boeing-shrugs-off-post-earnings-rally-as-smacks-of-fiction-horre">expressed skepticism</a>&nbsp;about the post-earnings rally of Tesla and Boeing, stating that it &#8220;smacks of fiction not fact.&#8221; 
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/markets/equities/24/04/38368953/jim-cramer-sees-nvidia-as-going-from-star-of-the-show-to-being-the-goat-of-the-game?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Sees Nvidia As Going &#8216;From Star Of The Show To Being The Goat Of The Game&#8217;</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.
Photo: Courtesy of Scott Beale on Flickr

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Jim Cramer Weighs In Ahead Of Apple, Amazon, Eli Lilly Earnings: 'We Have To Run Such A Ridiculous Gauntlet Next Week'

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has hiked the price of its new <a href="https://www.benzinga.com/news/24/04/38401202/teslas-new-53k-model-3-performance-eligible-for-full-tax-credits-but-leasing-long-range-might-be-che">Model 3 Performance </a>in the U.S. by $1000, merely days after its launch. 
What Happened: The Model 3 Performance is now priced at $53,990 on Tesla&#8217;s website. The company launched the new variant only on Tuesday, ahead of its first-quarter results. 
The Model 3 Performance, unlike the other two versions of Model 3, is eligible for a $7,500 federal EV tax credit, taking the effective price for eligible buyers down to $46,490, below even the Long Range version of the vehicle. 
The Performance version has a range of 296 miles and a top speed of 163 mph. On ordering the vehicle now, customers can take delivery by June. 
Why It Matters: In January, Tesla introduced the <a href="https://www.benzinga.com/news/24/01/36570546/you-can-finally-order-teslas-new-model-3-in-america-heres-its-starting-price">updated Model 3</a> in the U.S., initially offering two variants: rear-wheel drive and long-range. The Performance variant was conspicuously absent from the listings. However, a company executive affirmed its forthcoming availability.
Tesla slashed prices on all trim levels of the Model Y, S, and X in the U.S. by <a href="https://www.benzinga.com/markets/equities/24/04/38345362/tesla-slashes-model-s-x-and-y-prices-in-us-by-2-000-in-late-friday-move-as-volume-growth-turns-n">$2,000 earlier this month. </a>It spared the refreshed Model 3 then. 
Price Action:&nbsp;Tesla stock closed down 1.11% at $168.28 per share on Friday, according to data from&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro.</a>&nbsp;The stock is down 32.26% year-to-date.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/mobility" rel="noreferrer noopener">following this link</a>.
Read More:<a href="https://www.benzinga.com/news/24/04/38453221/another-blow-to-tesla-hertzs-ev-disposal-plan-jumps-by-10k-as-car-rental-company-aims-for-95-gas-pow"> Another Blow To Tesla? Hertz&#8217;s EV Disposal Plan Jumps By 10K As Car-Rental Company Aims For 95% Gas-Powered Fleet By Year-End</a>
Photo via Shutterstock

Tesla Increases Price Of Model 3 Performance By $1K In US Days After Launch

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has reportedly resumed discussions with Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI about incorporating the startup&#8217;s AI technology into the <a href="https://www.benzinga.com/news/24/03/37932418/apple-reportedly-readying-ios-18-with-home-screen-redesign-and-ai-upgrades">upcoming iPhone features</a>.
What Happened: Apple is in talks with OpenAI to potentially integrate its technology into the iPhone&#8217;s next operating system, iOS 18, <a href="https://www.bloomberg.com/news/articles/2024-04-26/apple-intensifies-talks-with-openai-for-iphone-generative-ai-features">Bloomberg</a> reported.
The companies are discussing the terms of the agreement and how OpenAI&#8217;s features would be integrated into iOS 18.
This development marks the reopening of discussions between the two companies. While Apple had initially collaborated with OpenAI earlier this year, there has been minimal engagement between the two entities since then.
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.
Apple has not yet made a final decision on its partners and there is no guarantee that a deal will be reached. The company may ultimately strike a deal with both OpenAI and Google or choose another provider altogether.
Apple and OpenAI did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga's</a> request for comment.
See Also: <a href="https://www.benzinga.com/news/24/04/38424000/mark-zuckerberg-shades-apple-vision-pro-once-again-calls-it-fashionable-ai-glasses-without-a-display?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Shades Apple Vision Pro Once Again, Calls It &#8216;Fashionable AI Glasses Without A Display&#8217;</a>
The iOS 18 update is set to include several new features based on <a href="https://www.benzinga.com/markets/equities/24/03/37819063/apples-in-house-ai-features-for-ios-18-are-codenamed-project-graymatter-separate-from-googles-ge">Apple&#8217;s in-house large language model AI model</a>. The company is also seeking partners to power a chatbot-like feature similar to OpenAI&#8217;s ChatGPT.
Why It Matters: The renewed talks between Apple and OpenAI come amidst Apple&#8217;s <a href="https://www.benzinga.com/news/24/03/37771653/apple-in-talks-with-google-to-license-gemini-ai-models-for-future-iphones-report">ongoing discussions with</a> Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google about licensing the latter&#8217;s Gemini AI models for future iPhones. The potential deal with OpenAI and Google could also significantly impact the iPhone&#8217;s AI capabilities.
Apple&#8217;s CEO, Tim Cook, has been vocal about the company&#8217;s plans to <a href="https://www.benzinga.com/markets/equities/24/03/37871211/google-or-microsoft-backed-openai-apple-hasnt-picked-the-winner-yet-for-its-ai-ambitions-report">introduce new AI features</a> on a &#8220;very thoughtful basis.&#8221; By collaborating with external partners like OpenAI and Google, Apple aims to accelerate its AI push and enhance its devices&#8217; AI capabilities while mitigating potential risks.
Price Action: Apple's shares closed 0.35% lower at $169.30 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/analyst-ratings/analyst-color/24/03/37784585/gene-munster-says-apple-will-fight-to-rebrand-gemini-on-iphone-but-the-deal-is-what" target="_blank" rel="noreferrer noopener">Gene Munster Says ‘Apple Will Fight' To Rebrand Gemini On iPhone, But The Deal Is What Google Investors Have Been ‘Waiting For The Last 6 Months'</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 by Thai Nguyen on Unsplash

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Goodbye Google Gemini? Apple In Talks With Microsoft-Backed OpenAI For iPhone AI Features: Report

Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO&nbsp;Elon Musk&nbsp;has placed high hopes on its&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/38012152/tesla-rolls-out-30-day-free-trial-for-its-full-self-driving-software" rel="noreferrer noopener">Full Self-Driving</a>&nbsp;(FSD) software. However, the electric vehicle giant&#8217;s autonomous driving technology continues to be controversial. On Thursday, a tech entrepreneur made some shocking claims that further clouded the outlook for the technology.
Red Flags: <a href="https://www.benzinga.com/23/11/35841525/elon-musk-under-fire-facebook-co-founder-calls-for-resignation-from-tesla-amid-antisemitism-controve">Dustin Moskovitz</a>, co-founder of&nbsp;Facebook&nbsp;(now&nbsp;Meta), expressed strong concerns about Tesla in a post on Meta&#8217;s&nbsp;Threads&nbsp;messaging app. He compared Tesla&#8217;s situation to the infamous collapse of energy company&nbsp;Enron, stating, &#8220;I know I sound crazy to most people who don&#8217;t follow $TSLA closely but at this&nbsp;point&nbsp;it&nbsp;really&nbsp;needs to be said. This is Enron now, folks.&#8221;
Enron executives systematically inflated their company&#8217;s financial performance for years, hiding billions in debt through a web of complex financial instruments. It eventually came crashing down, leading to one of the biggest corporate scandals in U.S. history.
Moskovitz, who also serves as CEO of work-management platform&nbsp;Asana, suggested that Tesla could face legal repercussions. &#8220;People are going to jail at the end,&#8221; he warned.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" rel="noreferrer noopener">Everything You Need To Know About Tesla Stock</a>
Skeletons In The Closet?&nbsp;Moskovitz accused Tesla of presenting misleading data about FSD capabilities. &#8220;The data doesn&#8217;t say what they claim it says, even when they make it up,&#8221; he stated. He further alleged that Tesla has &#8220;committed consumer fraud on a massive scale&#8221; through misrepresentations about FSD, vehicle ranges, and potentially even odometer readings.
There have been social media reports of Tesla vehicles displaying inaccurate odometer readings, potentially affecting range calculations. Moskovitz shared a social media post from a user who claimed a 20% discrepancy between their Tesla Model Y&#8217;s odometer and a&nbsp;Lexus RZ.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is Tesla inflating odometer to show more range, ding lessors with over miles and duck repairs under warranty? As I return my leased Model Y I noticed the odometer is off by 20% vs my Lexus RZ. Turns out other Tesla owners have a similar concern. Is Musk gaming the Tesla odometer? <a href="https://t.co/jM8Pmf6U1D">https://t.co/jM8Pmf6U1D</a> <a href="https://t.co/h4BB0iiar6">pic.twitter.com/h4BB0iiar6</a>
&mdash; Facts Chaser &#x1f30e; &#x1f926;&#x1f3fb;&#x200d;&#x2642;&#xfe0f; (@Factschaser) <a href="https://twitter.com/Factschaser/status/1782247551896269052?ref_src=twsrc%5Etfw">April 22, 2024</a></blockquote>
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Tesla, however, has not responded to any of these allegations.
Questionable FSD Progress:&nbsp;To support his claims of fraudulent data, Moskovitz shared a Bloomberg chart on Tesla&#8217;s software sales revenue. &#8220;Tesla makes up more in revenue straight from their imagination every single quarter than my company does selling actual products in a year,&#8221; he quipped.
Moskovitz also questioned the recent update to Tesla&#8217;s FSD progress graph. He pointed out that Tesla AI celebrated achieving 1 billion FSD miles on April 3, shortly after <a href="https://www.benzinga.com/news/24/03/37926548/elon-musk-rolls-out-free-full-self-driving-trial-to-us-tesla-owners-but-only-for-a-month">the free FSD trial</a> began on March 25.&nbsp;
&#8220;The new graph is humorously ambiguous&nbsp;wrt&nbsp;dates. Is &#8216;March 2024&#8217; the 1st? The 31st? Why is the inflection &#x2A;after&#x2A; the 1B miles milestone in the new graph?&#8221; Moskowitz said. &#8220;I guess trying to avoid the obvious conclusion the inflection comes from the trial rollout.&#8221;
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26151642/Screenshot-2024-04-27-at-12.46.34%E2%80%AFAM-702x1024.png" alt="" class="wp-image-311493" /></figure>
Tesla&#8217;s FSD: A Risky Gamble?&nbsp;The&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38286437/tesla-ceo-elon-musk-says-going-balls-to-the-wall-for-autonomous-driving-is-blindingly-obvious-as-eve" rel="noreferrer noopener">success of FSD</a>&nbsp;is crucial for Tesla, as it forms the foundation of its planned&nbsp;robotaxi&nbsp;service. The company is scheduled to unveil its&nbsp;robotaxi&nbsp;program in August. However, concerns persist regarding the technology&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/10/35125361/exclusive-dawn-projects-dan-odowd-warns-teslas-terrible-fsd-could-be-banned-blames-musk-for-coordina" rel="noreferrer noopener">level of autonomy, safety</a>, and regulatory approval.
While some&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32357884/cathie-wood-unfazed-by-autopilot-concerns-calls-teslas-fsd-most-impactful-ai-projec" rel="noreferrer noopener">analysts believe FSD</a>&nbsp;could become a significant revenue driver for Tesla due to its recurring revenue model, they acknowledge it&#8217;s a long-term play. This adds pressure, especially with Tesla&#8217;s core electric vehicle business facing industry-wide challenges.
Tesla&#8217;s stock had been on a downward trend since the second half of 2023 but has shown some recovery since its first-quarter earnings announcement. The company&#8217;s confirmation of a low-cost model launch has offered investors a glimmer of hope.
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>
Photo via Shutterstock

Rumors

Tesla 'Is Now Enron, Folks:' Facebook Co-Founder Claims Musk's EV Giant Is Cooking Up Some FSD Data

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has responded to the allegations of &#8220;consumer fraud on a massive scale&#8221; made by Facebook co-founder Dustin Moskovitz.
What Happened: On Thursday, Moskovitz, the CEO and co-founder of software company Asana, took to Threads and accused Tesla of fraudulent practices. He likened the EV giant&#8217;s actions to those of Enron, a corporation that <a href="https://www.benzinga.com/general/education/21/12/24405944/this-day-in-market-history-enron-declares-bankruptcy">went bankrupt in 2001</a> due to a massive accounting fraud.
&#8220;I know I sound crazy to most people who don&#8217;t follow $TSLA closely but at this point it really needs to be said. This is Enron now, folks,&#8221; he said, adding, &#8220;It may keep going, but people are going to jail at the end.&#8221;
He went on to say, &#8220;Tesla has committed consumer fraud on a massive scale, from lying about FSD, ranges, and (recently, unconfirmed!) even inflating odometers,&#8221; adding, &#8220;Many times now, also securities fraud.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38349837/elon-musk-agrees-every-american-household-will-have-a-1-000-per-month-home-robot-in-7-years-time?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees Every American Household Will Have A $1,000-Per-Month Home Robot In 7 Years&#8217; Time</a>
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Moskovitz&#8217;s allegations are based on&nbsp;a graph Tesla shared to&nbsp;mark a significant&nbsp;milestone: one billion miles driven&nbsp;using Full Self-Driving, the company&#8217;s&nbsp;advanced driver assist system. 
He&nbsp;said that Tesla is incorrectly recognizing its deferred revenue&nbsp;as earned revenue through the&nbsp;wider release of its Autopark&nbsp;feature, resulting in inflated numbers.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26211904/Screenshot-2024-04-27-at-6.48.56%E2%80%AFAM-1024x819.png" alt="" class="wp-image-311686" /></figure>
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.
Musk has been responding to his allegations on X, formerly Twitter, mostly by ridiculing Moskovitz. In one of the posts on X, he said,&nbsp;&#8220;Yeah, Dustin is the one&nbsp;who should go to jail&nbsp;for impersonating a smart person,&#8221; Musk wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yeah, Dustin is the one who should go to jail for impersonating a smart person
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1783956942836379751?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: This is not the first time Moskovitz has criticized Tesla and Musk. Last year, he&nbsp;<a href="https://www.benzinga.com/23/11/35841525/elon-musk-under-fire-facebook-co-founder-calls-for-resignation-from-tesla-amid-antisemitism-controve">called for Musk&#8217;s resignation</a>&nbsp;from all his roles, including his position as CEO of Tesla, following a controversial tweet endorsing an antisemitic post. 
Moskovitz&#8217;s skepticism about Musk&#8217;s success also led to a <a href="https://www.benzinga.com/news/23/07/33453340/is-elon-musks-success-a-result-of-deception-facebook-co-founder-challenges-true-impact-of-tesla-spac">contentious debate</a> over whether Musk&#8217;s companies, Tesla and SpaceX, were as revolutionary as they were portrayed. 
&#8220;If they were really built on outward lies, rather than just self-deceptions (rose-colored glasses), then we should really see them as scams he got away with,&#8221; he said in July 2023. 
Meanwhile, Tesla has been facing a tumultuous period, with the company <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">reporting a 9% year-over-year revenue decrease</a> in the first quarter of 2024. The revenue total fell short of the Street consensus estimate of $22.15 billion, according to <a href="https://www.benzinga.com/pro/feature/newsfeed?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">data from Benzinga Pro.</a>
Price Action: Tesla shares closed 1.11% lower at $168.29 on Friday.
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:&nbsp;<a href="https://www.benzinga.com/news/24/04/38268298/when-elon-musk-met-jack-ma-and-instantly-regretted-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk's Tesla Slashes Price Of Full Self-Driving Package By Half: ‘…Now $99/Month'</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 via Shutterstock

Elon Musk Claps Back At Facebook Co-Founder's Consumer Fraud Accusations Against Tesla: 'Should Go To Jail For Impersonating A Smart Person'

Netflix loves launching new stuff on its platform every week to keep things fresh but that also makes every weekend a bit of an adventure to try and stay ahead of what&#8217;s worth a watch and what&#8217;s just &#8216;meh.&#8217; Well, that&#8217;s where we step in.
With the sun shining, we&#8217;ve combed through all the new, new-to-us, and new-to-stream fare gracing the streamer's digital shelves to craft a watch list that spares you the trouble of wasting precious weekend hours in sifting through Netflix&#8217;s endless catalogue.
Here are our top picks for what to watch on Netflix this weekend:
<h3 class="wp-block-heading">1. Dead Boy Detectives</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/2024/04/26103217/Dead-Boy-Detectives-1024x576.jpg" alt="Dead Boy Detectives is about a pair of teenagers investigating paranormal mysteries. Image credit: Tudum/ Netflix" class="wp-image-311009" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103217/Dead-Boy-Detectives-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103217/Dead-Boy-Detectives-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103217/Dead-Boy-Detectives-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103217/Dead-Boy-Detectives.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Dead Boy Detectives is about a pair of teenagers investigating paranormal mysteries. Image credit: Tudum/ Netflix</figcaption></figure>
Spawned from the imaginative world of Neil Gaiman's comics, Dead Boy Detectives tells the tale of two British teens who shun the afterlife to linger on Earth. Edwin and Charles, the spirited duo, along with Crystal, an American clairvoyant, journey to the U.S. to tackle eerie mysteries involving the supernatural. Their adventures are packed with encounters with ghosts, witches, and even Death itself as they roam the former colonies.
<h3 class="wp-block-heading">2. Anyone But You</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/2024/04/26103425/Anyone-But-You-1024x576.jpg" alt="Anyone But You is an edgy comedy that features Sydney Sweeney and Glen Powell. Image credit: Tudum/ Netflix" class="wp-image-311016" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103425/Anyone-But-You-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103425/Anyone-But-You-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103425/Anyone-But-You-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103425/Anyone-But-You.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Anyone But You is an edgy comedy that features Sydney Sweeney and Glen Powell. Image credit: Tudum/ Netflix</figcaption></figure>
Turning a Shakespeare classic on its head, Anyone But You features a snappy, modern twist on &#8220;Much Ado About Nothing.&#8221; Sydney Sweeney and Glen Powell play Bea and Ben, who transform from hot to cold after a first date gone wrong, only to pretend to be an item at a frenzied wedding in Australia. This edgy comedy will have you guessing if they'll ever truly click.
<h3 class="wp-block-heading">3. Miller&#8217;s Girl</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/2024/04/26103551/Millers-Girl-1024x576.jpeg" alt="Miller's Girl is headlined by Wednesday star Jenna Ortega and Martin Freeman. Image credit: Tudum/ Netflix" class="wp-image-311020" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103551/Millers-Girl-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103551/Millers-Girl-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103551/Millers-Girl-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103551/Millers-Girl.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Miller&#8217;s Girl is headlined by Wednesday star Jenna Ortega and Martin Freeman. Image credit: Tudum/ Netflix</figcaption></figure>
In Miller&#8217;s Girl, Jenna Ortega and Martin Freeman dive into a narrative that blurs the lines between a mentorship and a tangled web of emotions. A young writer finds herself in deep waters as what begins as a creative pursuit with her professor spirals into a dark, manipulative relationship.
<h3 class="wp-block-heading">4. The Asunta Case</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/2024/04/26103701/The-Asunta-Case-1024x576.jpg" alt="The Asunta Case is an investigative thriller starring Candela Peña and Tristán Ulloa. Image credit: Tudum/ Netflix" class="wp-image-311024" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103701/The-Asunta-Case-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103701/The-Asunta-Case-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103701/The-Asunta-Case-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103701/The-Asunta-Case.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The Asunta Case is an investigative thriller starring Candela Peña and Tristán Ulloa. Image credit: Tudum/ Netflix</figcaption></figure>
The Asunta Case explores the chilling true story of Asunta Fong Yang, an adopted girl found murdered in Spain. The gripping series uncovers the layers of a high-profile case that shook the nation, questioning the very essence of parental love and betrayal. It's a must-watch for true crime aficionados.
<h3 class="wp-block-heading">5. King Richard</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/2024/04/26103832/King-Richard-1024x576.jpg" alt="King Richard is a sports-biodrama about the father of Tennis superstars Venus and Serena Williams. Image credit: Tudum/ Netflix" class="wp-image-311027" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103832/King-Richard-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103832/King-Richard-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103832/King-Richard-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103832/King-Richard.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">King Richard is a sports-bio-drama about the father of Tennis superstars Venus and Serena Williams. Image credit: Tudum/ Netflix</figcaption></figure>
Relive the inspiring story of Venus and Serena Williams through King Richard, a film that showcases their father's relentless coaching that led them to tennis stardom. This sports drama not only captured hearts but also won Will Smith an Oscar, making headlines for more reasons than one in 2022. Now streaming on Netflix for the first time, it's a perfect pick for sports enthusiasts and story lovers alike.
Netflix Photo by Burdun Iliya on Shutterstock

Entertainment

Can't Pick What To Watch? Here Are 5 New Netflix Releases Worth Your Weekend

In an exclusive&nbsp;interview, Christine Smith, founder and CEO of&nbsp;<a href="https://eatgron.com/">Gr&ouml;n Edibles</a>, provided an in-depth look at the economic dynamics of operating a cannabis edibles brand across various states.
2024 marks a significant year for Gr&ouml;n, with expansion into multiple U.S. markets including New York, New Jersey,<a href="https://www.benzinga.com/topic/ohio-cannabis"> Ohio</a>&nbsp;and <a href="https://www.benzinga.com/topic/maryland-cannabis">Maryland</a>, enhancing their presence to a total of eight U.S. and Canadian markets.
<h3>Strategic Expansion And Market Dynamics</h3>
Smith emphasized the strategic selection of states based on detailed market analysis. &quot;Each state is very different,&quot; <a href="https://www.benzinga.com/markets/cannabis/24/03/37945428/how-to-spot-and-seize-market-opportunities-with-products-you-love-top-cannabis-brand-founder-has">Smith</a> noted, highlighting the unique regulatory and market environments that influence their expansion strategy. For instance, Ohio&#39;s recent shift to adult use and its limited license model presents a promising market, similar to past <a href="https://www.benzinga.com/markets/cannabis/24/04/38078767/exclusive-missouris-cannabis-market-sees-surge-with-high-dose-products">successes in Missouri</a>.
While less structured, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36250035/a-2024-investor-guide-to-new-yorks-cannabis-market-expansion-the-mso-wealth-roadmap">New York offers vast potential</a> due to its focus on brand scalability. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33329222/the-maryland-effect-a-game-changer-for-the-east-coast-cannabis-industry">Maryland</a>, often overlooked, was chosen based on robust data analytics, including retailer and license counts, and market share opportunities, making it a strategic part of Gr&ouml;n&#39;s East Coast presence.
<h3>Supply Chain Complexity And Ingredient Sourcing: Adapting to Localized Manufacturing Needs</h3>
Gr&ouml;n&#39;s commitment to organic, single-origin ingredients and fair-trade certified suppliers, is a cornerstone of its market appeal, yet this approach presents considerable challenges in navigating the fragmented regulatory landscape of the U.S. cannabis market.
In states like Ohio, regulations prohibit the purchase of oil on the open market, necessitating that companies process oil only within the licensed facilities. To manage these challenges, Gr&ouml;n has diversified its sourcing strategy to ensure a steady supply of biomass, crucial for scalable operations as it enters new markets.
Smith noted the strategic importance of biomass availability: &quot;We will not enter a market if we don&#39;t know that we have the biomass and availability to be able to move at scale.&quot;
Further complicating their operations, Gr&ouml;n has adopted a unique manufacturing model to comply with varied state laws. &quot;We set up our kitchens in all of our facilities. We operate under a <a href="https://www.benzinga.com/markets/cannabis/23/11/35662129/are-traditional-cannabis-licensing-models-obsolete-how-reverse-licensing-can-help">reverse licensing model</a>,&quot; Smith described. In this model, Gr&ouml;n builds up a production space to their specifications under someone else&#39;s license, approved by the state.
This setup involves using their equipment, such as water-jacketed kettles for cooking gummies and tempering <a href="https://www.benzinga.com/markets/cannabis/23/02/31079080/if-you-like-chocolate-youll-love-gr-n-cannabis-edibles-made-by-an-architect-turned-confectioner">machines for chocolate</a>, making it &quot;much less of a kitchen and far more of a production manufacturing facility.&quot;
The need to tailor production processes to each state&#39;s regulations prevents the streamlining of operations across the board. In Canada, for instance, where Gr&ouml;n can operate nationally, the setup is significantly different and more efficient compared to the U.S., where they must establish separate facilities in each state.
&quot;The equipment we&#39;re using in Canada, which is national, allows us to do one facility for the entire country, is very different than what we&#39;re doing here in the States,&quot; Smith added, highlighting the extensive manual labor involved due to each state&#39;s distinct rules.
<h3>Technology And Operational Efficiency</h3>
For Gr&ouml;n, leveraging technology and innovative manufacturing processes is essential in <a href="https://www.benzinga.com/general/biotech/23/08/33579692/cannabis-robots-meet-the-company-boosting-efficiency-and-margins-through-packaging-automation">optimizing production costs</a> and ensuring <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/09/34625368/nasa-precision-meets-cannabis-roi-pre-rolled-infusion-robots-revolutionizing-indust">consistent product quality</a> across a wide range of markets.
Smith explained that this lack of uniformity leads to a reliance on both manual labor and automated systems, tailored to each location. Gr&ouml;n&rsquo;s operations require using smaller, more versatile equipment that can be adjusted to meet local requirements, thereby maintaining compliance while still striving for efficiency.
Moreover, Gr&ouml;n&#39;s approach to technology not only involves the physical machinery but also extends to their<a href="https://www.benzinga.com/general/biotech/23/02/30915385/exclusive-how-to-lower-the-cost-of-cannabis-quality-and-save-30-of-your-top-line-revenue"> software systems</a>, which must be flexible enough to handle varied regulatory demands from tracking and reporting to quality control.
<h3>Product Development And Consumer Engagement: Adapting to Local Markets</h3>
Gr&ouml;n&#39;s product development is deeply influenced by consumer trends, requiring a strategic balance between innovation and economic viability.
With over 250 SKUs tailored to meet the diverse regulatory and consumer landscapes of various states, Gr&ouml;n&#39;s approach to <a href="https://www.benzinga.com/news/23/04/32018716/exclusive-what-it-takes-to-build-a-successful-cannabis-edibles-brand-a-discussion-with-industry-lead">product creation and marketing</a> is meticulously localized.
Smith elaborates on the complexities involved in adapting product formulations to suit different markets, particularly when it comes to the use of <a href="https://www.benzinga.com/markets/cannabis/20/08/17023053/cannabis-concentrates-a-beginners-guide-1">cannabis extracts</a> like<a href="https://www.benzinga.com/markets/cannabis/24/03/37850817/vaping-emerges-as-a-preferred-method-for-rosin-consumption-in-cannabis-market"> rosin and distillate</a>.
&quot;We&#39;re using rosin depending on the market, and that&#39;s the thing because every market has a different availability as the markets mature,&quot; Smith explained. For example, in the West Coast markets like Oregon, there is a large and consistent availability of rosin, which allows for its broader use in products.
However, in other regions, the limited availability of such extracts requires Gr&ouml;n to adjust their formulations to include a blend of rosin and distillate based on what is locally accessible.
<h3>Pricing Across Markets</h3>
This variability in ingredient availability not only affects the type of products that can be offered in different states but also impacts Gr&ouml;n&#39;s pricing strategy. &quot;In Oregon, we can get oil for $1.50 a gram. On the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38282615/cannabis-brands-leading-market-expansion-in-east-midwest-a-look-at-prices-and-trend"> East Coast</a>, we&#39;re looking at oil for $15 a gram, sometimes $20 a gram,&quot; Smith noted, highlighting the significant cost differences that can affect product pricing and margins.
Despite these challenges, Gr&ouml;n is committed to maintaining a consistent quality and price point for consumers, which occasionally means absorbing higher costs in markets where inputs are more expensive.
The strategy involves a long-term view where initial sacrifices in margins are seen as an investment in establishing market presence and consumer trust. &quot;We sacrifice the margins on the front end for the longevity of having consistency and pricing,&quot; Smith added.
This approach is crucial for <a href="https://www.benzinga.com/news/24/03/37944162/is-the-future-of-the-marijuana-industry-shaped-by-consumer-packaged-goods-or-vice-versa">consumer packaged goods (CPG)</a> like those offered by Gr&ouml;n, where consumer expectations around product quality and price consistency are high.
Smith is optimistic about the future, focusing on minor cannabinoids and new product developments like low-dose sleep aids, reflecting Gr&ouml;n&#39;s commitment to innovation aligned with consumer needs.
&quot;We are 100% committed to <a href="https://www.benzinga.com/general/biotech/23/10/35300227/from-cbn-cbg-to-thcv-consumer-centric-brands-embrace-rare-cannabinoids-for-differentiation">minor cannabinoids</a>. They play a significant role in our product effects and formulations. Hopefully, we&#39;ll see clearer regulations from federal authorities soon,&rdquo; Smith said.
&ldquo;As for our investments in minor cannabinoids, we&#39;re <a href="https://www.benzinga.com/news/events/24/04/38185665/surge-in-missouris-cannabis-sales-spurs-new-product-launch-by-gr-n">doubling down</a>. We&#39;re excited about our upcoming product release in May&mdash;it&#39;s a super sleep aid featuring a 10 to 1 ratio, with 25mg of CBN and 2.5mg of THC. It&#39;s designed for consumers who prefer a lower dose than a full 10mg gummy. We&rsquo;re also exploring THC-V and sugar-free options, among other minor cannabinoids,&quot; Smith noted.
Photo: AI-Generated Image.&nbsp;

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Inside Grön's Marijuana Edibles Factory: What Can We Learn About Choco-Nomics And Multi-State Expansion?

<h3 class="wp-block-heading">Congresswoman Advocates for Marijuana Banking Reform</h3>
In a bid to advance cannabis legislation, Congresswoman Maxine Waters (D- CA) champions the need for marijuana<a href="https://www.benzinga.com/markets/cannabis/24/04/38416745/three-pathways-to-federal-cannabis-legalization-that-investors-are-watching-closely"> banking reform,</a> highlighting bipartisan collaboration. Waters, a ranking member of the House Financial Services Committee, stresses the urgency of passing the <a href="https://www.benzinga.com/topic/safe-banking-act">Secure and Fair Enforcement Regulation </a>(SAFER) Banking Act, <a href="https://www.marijuanamoment.net/key-congresswoman-says-now-is-the-time-to-pass-marijuana-banking-bill-despite-mcconnells-concerns/">reported </a>Marijuana Moment. This legislation aims to provide banking services to cannabis businesses, addressing their current lack of access to traditional financial institutions due to federal prohibition.
Despite potential challenges from Senate Minority Leader Mitch McConnell, Waters expresses optimism and determination to overcome obstacles. 
"I know that there may be some concerns with McConnell, but I am hopeful that we can overcome that (&#8230;), we've got to have SAFER Banking, and most of us who have been working on this support that." 
<h3 class="wp-block-heading">Washington State Proposes Diversity Measures For Cannabis Ownership</h3>
The <a href="https://www.benzinga.com/markets/cannabis/23/02/30902464/washington-state-liquor-and-cannabis-officials-face-obstacles-to-personal-use-under-federal-laws">Washington State Liquor and Cannabis Board (WSLCB)</a> introduces amendments to foster diversity in cannabis ownership. With a focus on inclusivity, the proposed changes aim to encourage minority participation and eliminate licensing barriers in cannabis retail. Acknowledging the importance of equitable access, the WSLCB seeks to create a more inclusive landscape.
The WSLCB members<a href="https://tvw.org/video/washington-state-liquor-and-cannabis-board-2024041034/?eventID=2024041034"> received a briefing</a> on proposed changes to the scoring criteria for minority license applicants, aiming to prioritize those most affected by the war on drugs. One proposed change involves considering convictions for all drugs, not just marijuana, in the scoring process. These revisions to the scoring system reflect feedback from social equity applicants in the initial round of applications.
<h3 class="wp-block-heading">New Hampshire Senate Reviews Marijuana Legalization Bill</h3>
A New Hampshire bill legalizing marijuana, passed by the House, now faces scrutiny in a Senate committee. Opponents, including state Sen. Daryl Abbas (R) and Senate president Jeb Bradley (R), propose significant modifications.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Senate Judiciary (04/25/2024)" width="500" height="281" src="https://www.youtube.com/embed/qQHRZsEvhcQ?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>
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<figcaption class="wp-element-caption">Senate Judiciary Session of 04/25/2024</figcaption></figure>
Earlier this year, the House-approved <a href="https://legiscan.com/NH/bill/HB1633/2024">HB 1633</a> permits 15 statewide retail stores, imposing a 10% state charge on adult-use purchases. Medical marijuana remains tax-exempt and regulated under an &#8220;agency store&#8221; model with strict marketing limitations.
Abbas&#8217;s proposed changes aim to elevate penalties for<a href="https://www.benzinga.com/markets/cannabis/24/04/38326268/cannabis-consumption-legal-or-not-in-your-state-everyone-seems-to-be-consuming-at-equal-rates-ne"> public consumption</a>, turning repeat offenses into misdemeanors with potential jail time, contradicting legalization goals. Additionally, Abbas&#8217;s amendment suggests a shift to a franchise system, overseen by the state&#8217;s Liquor Commission, governing the aesthetics and operations of the 15 stores. This, among other amendments, might distort the original spirit of HB1633, putting it at risk of failing in the House when revised, proponents of the bill alerted.

Push For Cannabis Banking Reform, Washington Social Equity, New Hampshire Debates Retail Weed Sales And More

With the potential legalization of adult-use marijuana under Amendment 3, Florida&#39;s cannabis market is set for a significant transformation. <a href="https://www.benzinga.com/topic/florida-cannabis">Florida&#39;s legal cannabis</a> spending is projected to grow at a 12% CAGR from 2023 to 2028, with total sales expected to reach $4.5 billion by 2028, positioning Florida as the second-largest U.S. cannabis market after California.
<h3>Competitive Landscape And Consumer Behavior</h3>
Florida&#39;s retail cannabis landscape has already shown significant growth, with the number of dispensaries rising to 628 by April 2024, as per&nbsp;<a href="https://www.benzinga.com/topic/bdsa">BDSA</a> data.&nbsp;
The state&#39;s medical cannabis sector remains robust, with patient numbers surpassing 878,000 this month and sales reaching $2.6 billion in 2023, marking an 18% increase from the previous year.
As Florida prepares for a November ballot initiative on adult-use legalization, BDSA analyst Brendan Mitchel-Chesebro underscores the legislative uncertainty around <a href="https://www.benzinga.com/markets/cannabis/24/04/38299011/its-on-the-ballot-the-future-of-adult-use-cannabis-in-florida-whats-the-contingency-plan-if-lega">Amendment 3</a>, which allows but does not require the expansion of adult-use cannabis licenses.
This leaves the future market landscape uncertain. If the initiative passes, BDSA forecasts sales of $874 million in 2025 for the adult-use segment.
In this context, existing operators like <a href="https://www.benzinga.com/markets/cannabis/24/04/38313915/cannabis-in-florida-the-bellamy-brothers-tell-trulieve-ceo-we-rolled-a-fat-one-when-legalization">Trulieve</a> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>) are advised to refine their strategies to cater to a potentially larger and more diverse consumer base.
As consumer penetration rates are expected to surge&mdash;mirroring trends observed in other states transitioning to adult use&mdash;companies must adeptly navigate evolving preferences across different product forms and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37666783/marijuana-shoppers-favorite-strains-2024">usage motivations</a> to maintain or enhance their market shares.
Mitchel-Chesebro points out that, unlike other adult-use markets, only 31% of Florida consumers currently prioritize <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38341510/how-to-max-profits-this-420-smart-discounts-amid-sales-spike-of-premium-marijuana">low-cost</a>, compared to 36% in general adult-use markets.
However, the typical initial price increase following legalization might heighten price sensitivity among <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38037571/floridas-6b-cannabis-market-anticipates-400-growth-following-court-decision-allowin">Florida shoppers</a>.
This, along with the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36268367/u-s-cannabis-market-premium-products">growing popularity of infused pre-rolls</a> and a notable 47% year-over-year growth in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33369455/sweet-treats-take-over-gummie-consumption-outpaces-flower-in-latest-consumer-data-h">edibles sales</a>, indicates significant upcoming shifts in consumer behavior as the market expands.
<h3>Strategies For Market Entry And Expansion</h3>
As the Florida market braces for a likely uptick in mergers and acquisitions, Mitchel-Chesebro advises new entrants and expanding firms to adopt a nuanced pricing strategy.
Using BDSA&rsquo;s Price Tiers analysis, he highlights the potential for brands to capitalize on specific product segments where premium offerings are underrepresented relative to their market performance.
For example, in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35991290/analyst-inside-look-trends-and-opportunities-in-ohios-emerging-recreational-cannabi">markets like Ohio</a>, premium-priced flower products disproportionately contribute to sales relative to their market availability. Identifying and targeting these lucrative price tiers can be a key strategy for newly introduced brands aiming for rapid growth in new markets.
Photo: AI-Generated Image.&nbsp;

Analyst Color

Analyst Ratings

TCNNF

Landing In Florida's Cannabis Market: Legal Adult-Use Marijuana Could Yield $874M In 2025

<h3 class="wp-block-heading">Health Recall: Microbial Contamination Alert In British Columbia</h3>
In an uncommon event, <a href="https://recalls-rappels.canada.ca/en/alert-recall/sirona-pharma-inc-acreage-pharms-ltd-recalls-one-lot-full-sesh-purple-gelato-punch">Health Canada </a><a href="https://recalls-rappels.canada.ca/en/alert-recall/sirona-pharma-inc-acreage-pharms-ltd-recalls-one-lot-full-sesh-purple-gelato-punch">recalls Sirona Pharma Inc.&#8217;s Full Sesh Purple Gelato Punch</a> dried cannabis sold in British Columbia due to microbial contamination. The recall responds to a quality control measure.
<a href="https://www.benzinga.com/markets/cannabis/23/09/34548455/medical-cannabis-in-canada-faces-decline-whats-behind-the-38-drop-in-registrations">Health Canada&#8217;s </a>Cannabis Data Gathering Program identified microbial contaminant levels exceeding specified limits, potentially posing health risks. While no adverse health reports have been received, consumers have been alerted and are advised to cease using the recalled product immediately. With 1200 units sold between September 18, 2023, and April 18, 2024, the product must be returned to retailers or disposed of safely. Further specification on the contaminant was not made public. 
<h3 class="wp-block-heading">Manitoba&#8217;s Home Cultivation Ban Reversal: Shifting Regulations</h3>
Manitoba&#8217;s political landscape is undergoing a significant shift as the <a href="https://winnipeg.citynews.ca/2024/04/19/manitoba-set-to-remove-provinces-ban-on-growing-cannabis/">provincial government plans to overturn its ban on homegrown cannabis cultivation</a>. Aligned with federal law and evolving societal attitudes, this reversal reflects changing political dynamics and public sentiment regarding cannabis regulations.
The decision comes as Manitoba and Quebec were the only provinces to enforce restrictions against growing adult-use marijuana at home following <a href="https://www.benzinga.com/topic/canada-cannabis">Canada&#8217;s </a>legalization of recreational cannabis in 2018. With the New Democratic Party of Manitoba (NDP) now in power, the province anticipates lifting the ban, marking a pivotal moment in cannabis policy reform.
<h3 class="wp-block-heading">International Expansion: Greenway Greenhouse Cannabis Corporation Receives Certifications</h3>
In other news, <a href="https://www.benzinga.com/markets/cannabis/23/09/34951623/greenway-greenhouse-cannabis-launches-first-brands-in-the-canadian-market">Greenway Greenhouse</a> Cannabis Corporation (CSE:<a class="ticker" href="https://www.benzinga.com/stock/GWAY#CSE">GWAY</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/GWAYF#OTCQB">GWAYF</a>) <a href="https://www.prnewswire.com/news-releases/greenway-receives-international-cannabis-accreditation-302128092.html">announced </a>a significant milestone as its cultivation facility in Leamington, Ontario receives CUMS-GAP and GACP certification. This achievement positions Greenway to distribute its high-quality greenhouse cannabis internationally, tapping into new markets and revenue streams.
The certifications, completed through Control Union, demonstrate compliance with strict international standards, allowing Greenway to engage with multiple international cannabis purchasers. With an annual cultivation capacity of 24,000 kg, Greenway aims to capitalize on the export market&#8217;s potential, enhancing revenue, gross margins, and global presence.
&#8220;Receiving these certifications opens up a whole new world of opportunities for Greenway,&#8221; said Jamie D&#8217;Alimonte, CEO of Greenway. &#8220;With our most recent expansion, we are able to scale up production to meet any new demand for our product internationally.&#8221;
As Canada&#8217;s cannabis industry continues to evolve, these developments signal both challenges and opportunities for stakeholders, shaping the future of cannabis regulation, consumer safety and market expansion.

Media

CSE:GWAY

GWAYF

Canada Cannabis Update: Health Recall, Home Cultivation Ban Reversal, International Expansion

IDEXX Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) has outperformed the market over the past 5 years by 5.0% on an annualized basis producing an average annual return of 16.57%. Currently, IDEXX Laboratories has a market capitalization of $41.47 billion. 
Buying $1000 In IDXX: If an investor had bought $1000 of IDXX stock 5 years ago, it would be worth $2,164.47 today based on a price of $499.30 for IDXX at the time of writing.
<h3>IDEXX Laboratories's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714167027_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

IDXX

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,200 Today

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) has outperformed the market over the past 10 years by 13.17% on an annualized basis producing an average annual return of 23.61%. Currently, Progressive has a market capitalization of $121.84 billion. 
Buying $1000 In PGR: If an investor had bought $1000 of PGR stock 10 years ago, it would be worth $8,578.56 today based on a price of $208.03 for PGR at the time of writing.
<h3>Progressive's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714167022_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $8,600 Today

During the last three months, 4 analysts shared their evaluations of Bread Finl Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFH#NYSE">BFH</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Bread Finl Hldgs, presenting an average target of $34.75, a high estimate of $48.00, and a low estimate of $26.00. Surpassing the previous average price target of $30.33, the current average has increased by 14.57%.
<img src="https://www.benzinga.com/files/images/story/2024/1714165300_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Bread Finl Hldgs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Fotheringham</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$33.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$26.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Bill Carcache</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$48.00</td>
<td>-</td>
</tr>
<tr>
<td>James Fotheringham</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$32.00</td>
<td>$33.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Bread Finl Hldgs. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Bread Finl Hldgs compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Bread Finl Hldgs's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Bread Finl Hldgs's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BFH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Bread Finl Hldgs analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Bread Finl Hldgs</h2>
Formed by a combination of JCPenney's credit card processing unit and The Limited's credit card bank business, Bread Financial is a provider of private label and co-branded credit cards, loyalty programs, and marketing services. The company's most financially significant unit is its credit card business that partners with retailers to jointly market Bread's credit cards to their customers. The company also retains minority interest in its recently spun-off LoyaltyOne division, which operates the largest airline miles loyalty program in Canada and offers marketing services to grocery chains in Europe and Asia.
<h3>Financial Milestones: Bread Finl Hldgs's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Bread Finl Hldgs's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -1.55% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Bread Finl Hldgs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 4.23%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Bread Finl Hldgs's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.49%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.19%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Bread Finl Hldgs's debt-to-equity ratio is below the industry average at 1.86, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 4 Analyst Insights On Bread Finl Hldgs

In the preceding three months, 4 analysts have released ratings for Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>), presenting a wide array of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $360.5, a high estimate of $380.00, and a low estimate of $345.00. This upward trend is apparent, with the current average reflecting a 17.24% increase from the previous average price target of $307.50.
<img src="https://www.benzinga.com/files/images/story/2024/1714165265_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Reliance. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$345.00</td>
<td>$355.00</td>
</tr>
<tr>
<td>Daniel Knauff</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$380.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$355.00</td>
<td>$295.00</td>
</tr>
<tr>
<td>Philip Gibbs</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$362.00</td>
<td>$300.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Reliance. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Reliance compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Reliance's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/RS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Reliance analyst ratings.</a>
<h2>About Reliance</h2>
Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
<h3>Understanding the Numbers: Reliance's Finances</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining Reliance's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -7.57% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Reliance's net margin excels beyond industry benchmarks, reaching 8.17%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Reliance's ROE excels beyond industry benchmarks, reaching 3.53%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Reliance's ROA excels beyond industry benchmarks, reaching 2.6%. This signifies efficient management of assets and strong financial health.
Debt Management: Reliance's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.18.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For Reliance

Analysts' ratings for VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) over the last quarter vary from bullish to bearish, as provided by 12 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated VF and provided 12-month price targets. The average target is $16.38, accompanied by a high estimate of $22.00 and a low estimate of $12.00. A 9.25% drop is evident in the current average compared to the previous average price target of $18.05. 
<img src="https://www.benzinga.com/files/images/story/2024/1714165258_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive VF. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.50</td>
<td>$14.00</td>
</tr>
<tr>
<td>Laurent Vasilescu</td>
<td>Exane BNP Paribas</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$22.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$22.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$14.00</td>
<td>-</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$15.50</td>
<td>$16.50</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.50</td>
<td>$15.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$22.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to VF. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of VF compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of VF's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of VF's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VFC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on VF analyst ratings.</a>
<h2>Get to Know VF Better</h2>
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of about a dozen brands includes Vans, The North Face, Timberland, Supreme, and Dickies. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. The company has grown through multiple acquisitions and traces its roots to 1899.
<h3>Unraveling the Financial Story of VF</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: VF's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -16.16%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: VF's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -1.43%, the company may face hurdles in effective cost management.
Return on Equity (ROE): VF's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -1.97%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): VF's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.33%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: VF's debt-to-equity ratio stands notably higher than the industry average, reaching 3.48. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

12 Analysts Assess VF: What You Need To Know

Eagle Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXP#NYSE">EXP</a>) has outperformed the market over the past 15 years by 3.58% on an annualized basis producing an average annual return of 15.74%. Currently, Eagle Materials has a market capitalization of $8.84 billion. 
Buying $100 In EXP: If an investor had bought $100 of EXP stock 15 years ago, it would be worth $921.72 today based on a price of $256.70 for EXP at the time of writing.
<h3>Eagle Materials's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714165230_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $900 Today

Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) has outperformed the market over the past 10 years by 4.87% on an annualized basis producing an average annual return of 15.31%. Currently, Apollo Global Management has a market capitalization of $63.76 billion. 
Buying $100 In APO: If an investor had bought $100 of APO stock 10 years ago, it would be worth $413.64 today based on a price of $112.22 for APO at the time of writing.
<h3>Apollo Global Management's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714165225_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Apollo Global Management 10 Years Ago Would Be Worth This Much Today

Ratings for Vital Farms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VITL#NASDAQ">VITL</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $24.57, a high estimate of $32.00, and a low estimate of $18.00. This current average reflects an increase of 22.85% from the previous average price target of $20.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1714165216_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Vital Farms's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Smith</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$30.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Ben Klieve</td>
<td>Lake Street</td>
<td>Raises</td>
<td>Buy</td>
<td>$32.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Robert Moskow</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$19.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Brian Holland</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$25.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Ben Klieve</td>
<td>Lake Street</td>
<td>Raises</td>
<td>Buy</td>
<td>$26.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Matthew Smith</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$22.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Adam Samuelson</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Vital Farms. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Vital Farms compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Vital Farms's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Vital Farms's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VITL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Vital Farms analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Vital Farms</h2>
Vital Farms Inc is an ethical food company. The company retails pasture-raised eggs and butter. Its products include Pasture-Raised Eggs and Pasture-Raised Butter &amp; Ghee. The company's purpose is rooted in a commitment to Conscious Capitalism, which prioritizes the long-term benefits of its stakeholders (farmers and suppliers, customers and consumers, communities and the environment, employees, and stockholders).
<h3>Vital Farms: Financial Performance Dissected</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Vital Farms showcased positive performance, achieving a revenue growth rate of 23.37% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 5.31%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Vital Farms's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.84% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Vital Farms's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.75%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.12.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

VITL

Breaking Down Vital Farms: 7 Analysts Share Their Views

<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38327580/exclusive-kind-founders-reveal-how-theyre-building-a-better-web3-for-creators-gamers-and-c">Kind</a>, the innovative Web3 creators agency known for enhancing the digital experiences of creators and gamers, recently hosted one of the largest online parties in Web 3 history.&nbsp;This <a href="http://www.benzinga.com/markets/cryptocurrency/24/02/37252915/exclusive-pixels-web3-gaming-revolution-luke-barwikowski-tells-all">monumental event on </a><a href="http://www.benzinga.com/markets/cryptocurrency/24/02/37252915/exclusive-pixels-web3-gaming-revolution-luke-barwikowski-tells-all">Pixels</a> attracted up to 126,000 players, witnessed by over 2,500 viewers on Twitch, and connected more than 100 key opinion leaders (KOLs) simultaneously.
<blockquote class="twitter-tweet">126K USERS SHOWED UP TO THE <a href="https://twitter.com/Kind_HQ?ref_src=twsrc%5Etfw">@Kind_HQ</a> ENERGY PARTY LETS GOOOOOO
&mdash; heidi (@heidichristne) <a href="https://twitter.com/heidichristne/status/1781350014046101662?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>See also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38327580/exclusive-kind-founders-reveal-how-theyre-building-a-better-web3-for-creators-gamers-and-c">&nbsp;Kind Founders Reveal How They&#39;re Building A Better Web3 For Creators, Gamers And Communities</a>
The party wasn&#39;t just about breaking records; it was a showcase of community and technology. Attendees enjoyed a slew of rewards, including Pixels tokens, TEK Guild memberships, and VIP in-game passes, enhancing their interactive experience.
This event marks a significant milestone in the Web3 community, demonstrating Kind&rsquo;s commitment to building a more engaging and rewarding platform for creators and gamers alike. As Web3 continues to evolve, Kind is at the forefront, pushing the boundaries of what&#39;s possible in virtual spaces.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37252915/exclusive-pixels-web3-gaming-revolution-luke-barwikowski-tells-all" target="_blank">EXCLUSIVE: Pixels&#39; Web3 Gaming Revolution - Luke Barwikowski Tells All</a>
In the aftermath of their successful event, Kind took to X to express heartfelt thanks to everyone who played a pivotal role in the organization and execution of their massive online party in Pixels. They extended their gratitude to <a href="https://x.com/kyleblohm?s=21">Kyle Blohm</a> for his expertise in crafting the event, and to Heidi Christne for her pivotal role in making the event possible. Appreciation was also shown to <a href="https://x.com/chief_axiegg?s=21">Chief</a>&nbsp;for an enthralling Twitch stream, and to partners like TEK and <a href="https://twitter.com/TriballyGames">Tribally Games</a> for their significant contributions to the event&#39;s success in the Pixels ecosystem. Additionally, Kind acknowledged <a href="https://x.com/e4e_gg?s=21">Esports4Everyone</a>, Sourbeck, and Covetor for their exceptional efforts in stream production, which peaked at over 2,700 viewers on Twitch.
<blockquote class="twitter-tweet">126000 Players attended the <a href="https://twitter.com/pixels_online?ref_src=twsrc%5Etfw">@pixels_online</a> Kind Energy Party!
We are grateful to the community for the support and to Pixels for the opportunity to do this Event that represented a Milestone in KIND&#39;s History.
Thank you very much to the architect of the event <a href="https://twitter.com/KyleBlohm?ref_src=twsrc%5Etfw">@KyleBlohm</a>,&hellip; <a href="https://t.co/1NsrcaBeVL">https://t.co/1NsrcaBeVL</a> <a href="https://t.co/ib9Bat3jOl">pic.twitter.com/ib9Bat3jOl</a>
&mdash; KIND (@Kind_HQ) <a href="https://twitter.com/Kind_HQ/status/1781480503121444880?ref_src=twsrc%5Etfw">April 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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Kind Hosts Massive 126K-Attendee Web3 Online Party In Pixels

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The electric vehicle (EV) market continues to suffer from an ongoing slump.&nbsp;Slower sales growth and price wars have impacted both large and small EV stocks with investors unsure if it is a good time to buy them. The Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/driv-stock-quote/">DRIV</a>) which holds around 84 EV and autonomous vehicles stocks, has fallen more than 1% year-to-date, underscoring how many <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> have broadly underperformed the general market. 



Despite that, now may be a good time to find EV stocks to buy that have seen their multiples fall over the past few months. Many of these companies are trading at relatively cheap valuation multiples and, despite the broader slump, are continuing to invest in capturing market share. Although a slump may blight growth in the short-term, electric vehicles are increasingly likely to be a part of the future of transportation. 



Here are three EV stocks to buy in the coming bull run. 



<h2>BYD (BYDDY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/byd-stock-red-car-1600-300x169.jpg" alt="Close-up of BYD (BYDDY) logo on red car, symbolizing BYDDY stock"><div>Source: shutterstock.com/Trygve Finkelsen</div></div>BYD&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/byddy-stock-quote/">BYDDY</a>) has experience skyrocketing growth in just the past few years. From starting out as just a smartphone battery maker to being <a href="https://insideevs.com/news/669539/elon-musk-once-laughed-at-byd-here-what-he-thinks-now/">laughed at</a> by Elon Musk, BYD has become the world&rsquo;s top EV maker, trouncing its American rival Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) in electric vehicle sales. In Q4 2023, BYD sold 526,409 electric vehicles, while Tesla sold 484,507. 



Despite an EV slowdown, BYD is still increasing its sales year-over-year. In particular, in January 2024 the company sold 205,588 electric vehicles, up 33.1% YOY, but down more than 34% monthly. Similarly, February sales&nbsp;<a href="https://www.scmp.com/business/china-business/article/3254071/china-ev-price-war-byd-and-xpeng-ante-they-offer-heavy-discounts-arrest-sales-slump">declined</a>&nbsp;nearly 40%, but this is at least somewhat attributable to the Lunar New Year holiday. The Chinese EV maker was not the only large electric vehicle company to report a month-over-month decline in sales growth.



To cushion the slowdown in sales, BYD and its competitors have pursued price cuts in their expensive models. For example, BYD&rsquo;s Yuan Plus SUV has a&nbsp;price tag&nbsp;of 119,800 yuan, approximately $16,642, which is nearly 12% less than where it was before. This price war will likely intensify, especially as the EV slump continues. The company also remains the second largest player in the global battery market with 14.4% of market share as of January 2024, according to&nbsp;a <a href="https://cnevpost.com/2024/03/06/global-ev-battery-market-share-jan-2024/">recent study</a>.



BYD is and continues to be larger than Tesla in EV sales, and the stock only trades at 17x forward earnings, which could present a great opportunity for interested investors.



<h2>Tesla (TSLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/tsla1600-8-300x169.png" alt="Tesla (TSLA) supercharging station during the day."><div>Source: Arina P Habich / Shutterstock.com</div></div>Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) is undoubtedly one of the largest and most prominent players in the global electric vehicle market. However, as I pointed out before, the US EV manufacturer has been struggling recently. 



In 2023, to mitigate the ever-prescient EV slump, Tesla pursued a largely successful price-cut strategy. The automaker began to pursue an increase quarterly deliveries while also placing pressure on gross margins. Tesla&rsquo;s Q4 2023 financial figures also beat Wall Street&rsquo;s estimates, but the company issued <a href="https://electrek.co/2024/01/24/tesla-tsla-warns-notably-lower-growth-2024/">grim guidance</a> for 2024. 



Tesla&rsquo;s shares have fallen more than 30% since the start of the year, which has put the stock in &ldquo;buy&rdquo; territory. The EV maker&rsquo;s valuation multiple has also dropped significantly over the past several months, now trading around 56x forward earnings. Tesla&rsquo;s stock has been well-known to strongly rebound after a sharp sell-off period. Given where the EV maker&rsquo;s stock has landed these days, I&rsquo;m inclined to believe its shares could significantly rebound amidst the next stock market bull run. 



<h2>Li Auto (LI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/li1600-2-300x169.png" alt="The steering wheel and dashboard inside Li Auto electric car. Interior of Li Auto EV. Li Auto Also known as Li Xiang, is a Chinese electric vehicle company"><div>Source: Robert Way / Shutterstock.com</div></div>Li Auto&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/li-stock-quote/">LI</a>) is a leading EV manufacturer from China and key competitor to Tesla in the world&rsquo;s second largest economy. The company&rsquo;s EV sales&nbsp;actually began to <a href="https://www.cnbc.com/2023/11/10/startup-li-auto-is-beating-tesla-chinas-ev-sales.html">overshadow</a> that of Tesla&rsquo;s China business in late 2023. This EV maker particularly focuses on producing smart SUVs with extended-range technology. The company&rsquo;s flagship model, the&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-02-08/china-s-li-auto-launches-electrified-suv-to-rival-tesla-model-y?sref=a6OYFmE3" target="_blank">Li L7</a>, is a five-seat premium SUV that can run on both electricity and gasoline and competes directly with&nbsp;Tesla&rsquo;s&nbsp;Model Y.



Li Auto&rsquo;s share price has also taken a beating in 2024. LI shares have fallen about 18% since the start of the year. However, this has not prevented Wall Street from being optimistic about Li Auto&rsquo;s prospects. In mid-March, Morgan Stanley equity research analysts increased their price target for LI from $63 to $74 per share. The average price target of Li Auto represents a 75% upside from the current share price, which could be a good reason to mull buying shares now. 



While vehicle deliveries have continued to stall in 2023, this is not too dissimilar to other large EV manufacturers. Of course, when interest rates start to come down later in the year, EV sales could begin to rebound, making a bet on LI shares now worth it. 



On the date of publication, Tyrik Torres&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-ev-stocks-to-buy-for-the-next-bull-run-march-2024/">3 EV Stocks to Buy for the Next Bull Run: March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 EV Stocks to Buy for the Next Bull Run: March 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The electric vehicle (EV) market has seen better days.&nbsp;Slower sales growth and price wars have impacted many EV stocks to buy. The Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/driv-stock-quote/">DRIV</a>), which holds around 84 EV and autonomous vehicles stocks, has fallen nearly 2% on YTD, underscoring the fact many <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> have struggled to perform against the general market. 



Despite that, now may be a good time to invest in EV stocks that have seen their valuations plummet over the past few months. Many of these companies are trading at relatively cheap valuation multiples compared to where they were earlier last year. Although a slump may blight sales growth in the short term, electric vehicles are increasingly likely to be a part of the future of transportation. 



With that said, below are three EV stocks to buy on the dip.



<h2>Tesla (TSLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/tsla1600-7-300x169.png" alt="Tesla (TSLA) on stock market. Tesla financial success and profit."><div>Source: Rokas Tenys / Shutterstock.com</div></div>Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/" target="_blank">TSLA</a>) is undoubtedly one of the largest and most prominent players in the global EV market. However, as I pointed out before, the U.S. EV manufacturer has been struggling recently. 



In 2023, to mitigate the ever-prescient EV slump, Tesla pursued a largely successful price-cut strategy the automaker began to pursue in the beginning year has increased quarterly deliveries while also placing pressure on gross margins. Tesla&rsquo;s Q4 2023 financial figures also beat Wall Street&rsquo;s estimates, but the company issued grim guidance for 2024. 



Tesla&rsquo;s shares have fallen nearly 30% since the start of the year, which has put the stock in &ldquo;buy-in&rdquo; territory. The EV maker&rsquo;s valuation multiple has also dropped significantly over the past several months, now trading around 56.0x forward earnings. Tesla&rsquo;s stock has been well-known to strongly rebound after a sharp sell-off period. Given where the EV maker&rsquo;s stock has landed these days, I&rsquo;m inclined to believe it could be one of the best EV stocks to buy amidst the next stock market bull run. 



<h2>Rivian (RIVN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/rivn1600-7-300x169.png" alt="Rivian (RIVN) All Electric R1T Pickup Truck in a forest green color"><div>Source: Roschetzky Photography / Shutterstock.com</div></div>For those who want to target a specific EV vertical, Rivian&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>) may be just the EV stock you were looking for. Rivian delivered solid production and delivery numbers for the first three quarters of 2023. The fourth quarter, however, the EV maker experienced a dip in its premium EV deliveries. Since then, the market has certainly softened on Rivian&rsquo;s shares. The EV maker&rsquo;s stock price has plummeted around 55% on a year-to-date basis. I have written previously that investors should proceed with caution as they consider investing in Rivian shares, as the company&rsquo;s stock was certainly overvalued, producing and delivering only a minimal number of vehicles compared to its sizable market capitalization. 



However, given where the stock has fallen, Rivian probably deserves another look. 



The sharp sell-off in Rivian shares could very well be an opportune buying opportunity for investors interested in the premium segment of the broader EV maker. Despite current market woes, Rivian was able to deliver strong numbers through much of last year. That is to say, as the EV market recovers, so could Rivian&rsquo;s growth prospects. 



Moreover, Wall Street analysts seem to be loving the stock. According to Koyfin, the EV maker has a solid &ldquo;Buy&rdquo; rating. If Rivian&rsquo;s deliveries continue rebound at some point in 2024, the EV maker could see its share rise.



<h2>Li Auto (LI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/li1600-2-300x169.png" alt="The steering wheel and dashboard inside Li Auto electric car. Interior of Li Auto EV. Li Auto Also known as Li Xiang, is a Chinese electric vehicle company"><div>Source: Robert Way / Shutterstock.com</div></div>Li Auto&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/li-stock-quote/">LI</a>) is a leading EV manufacturer from China and key competitor to Tesla in the world&rsquo;s second largest economy. The company&rsquo;s EV sales&nbsp;actually began to <a href="https://www.cnbc.com/2023/11/10/startup-li-auto-is-beating-tesla-chinas-ev-sales.html">overshadow</a> that of Tesla&rsquo;s China business in late 2023. This EV maker particularly focuses on producing smart SUVs with extended-range technology. The company&rsquo;s flagship model, for instance, is the&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-02-08/china-s-li-auto-launches-electrified-suv-to-rival-tesla-model-y?sref=a6OYFmE3" target="_blank">Li L7</a>, a five-seat premium SUV that can run on both electricity and gasoline and competes directly with&nbsp;Tesla&rsquo;s&nbsp;Model Y.



Li Auto&rsquo;s share price has also taken a beating in 2024. LI shares have fallen more than 18% since the start of the year. The company trades at the lowest valuation multiple of any EV stock on this list: at 15.8x forward earnings. Wall Street has also been optimistic about Li Auto&rsquo;s prospects. In mid-March, Morgan Stanley equity research analysts increased their price target for LI from $63/share to $74/share. The average price target of Li Auto represents a 75% upside from the current share price, which could be a good reason to mull buying shares now. 



While vehicle deliveries have continued to stall in 2023, this is not too dissimilar to other large EV manufacturers. Of course, when interest rates start to come down later in the year, EV sales could begin to rebound, making a bet on LI shares now worth it.



On the date of publication, Tyrik Torres&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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The post <a href="https://investorplace.com/2024/03/3-ev-stocks-to-buy-on-the-dip-march-2024/">3 EV Stocks to Buy on the Dip: March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If your <a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a> are underperforming, you have a big problem. Blue-chip stocks represent the best, most stable companies and can usually be considered solid performers. There are plenty of good names out there, so there&rsquo;s no need to holding battered blue-chip stocks.



Even with some recent pullbacks, the S&amp;P 500 and the tech-heavy Nasdaq composite are up 5% on the year. But the Dow Jones Industrial Average, which is comprised of 30 of the most prominent companies, is faltering. Its gains for the year are negligible at best.



Blue-chip stocks represent established companies that are leaders in their field. They often pay reliable dividends and are considered safe for long-term investors.



But you aren&rsquo;t getting those generous returns from the blue-chip stocks on this list. For various reasons, these battered blue-chip stocks are taking it on the chin right now, and threatening to pull portfolios down with them.



The Portfolio Grader is an ideal tool for identifying blue-chip stocks that aren&rsquo;t making the grade. The Portfolio Grader evaluates stocks based on earnings performance, growth, analyst sentiment and momentum, and assigns an &ldquo;A&rdquo; through &ldquo;F&rdquo; grade accordingly.



These blue-chip names are among the worst to have now. Act accordingly if you&rsquo;re holding any of these equities.



<h2>Apple (AAPL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/apple-pay-300x169.jpg" alt="A close-up shot of the Apple Pay page"><div>Source: Bloomicon / Shutterstock.com</div></div>It wasn&rsquo;t too long ago that Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) was the biggest company in the world by market capitalization. It was revered for innovative products, had a huge base of customers and was seemingly unlimited potential.



What in the heck happened to push AAPL to the ranks of battered blue-chip stocks?



But the shine on this Apple faded a bit last year, as iPhone sales slipped and earnings flattened. Apple saw drops in multiple products, including to Macs, home products, iPads and wearable technology.



It doesn&rsquo;t help that Apple is facing huge challenges in China, where iPhone sales are down 24% in the first few weeks of the year, in part because competitor Huawei is now offering its own 5G smartphone. 



Apple is also battling both the U.K. and U.S. on the legal front, with allegations that Apple&rsquo;s App Store unfairly stymies competition.



Apple is still a great company. But as an investment, it&rsquo;s best to leave it on the tree. AAPL stock is down 13% in 2024 and gets a &ldquo;D&rdquo; rating in the Portfolio Grader.



<h2>Tesla (TSLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-300x169.png" alt="Tesla (TSLA) on phone screen stock image."><div>Source: sdx15 / Shutterstock.com</div></div>Electric vehicle maker Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tlsa-stock-quote/">TLSA</a>) was on a dynamic run at the beginning of the decade, rising over 1,000% in a two-year span from January 2020 to December 2021. Since then? A huge disappointment.



There are a couple of factors at play. First, Tesla dominated the EV market in that two-year period, but naturally, other car manufacturers began entering the market and giving Tesla competition. Tesla responded by <a href="https://www.cnbc.com/2024/01/17/tesla-slashes-prices-on-germany-cars-after-similar-cuts-in-china.html">lowering the prices</a> on some of its models to spur sales, and in turn <a href="https://www.forbes.com/sites/brookecrothers/2023/10/15/15k-drop-in-ev-prices-led-by-tesla-as-model-3-model-y-prices-fall/?sh=28d83c4d7e86">cutting its own profit margin</a>.



The second issue is Tesla CEO and founder Elon Musk. Tesla&rsquo;s slip in stock price corresponds to his $44 billion purchase of the social media platform Twitter, which he rebranded to X. Musk sold billions of dollars in Tesla stock to finance the deal.



An activist at heart, Musk eagerly uses X as a platform to espouse controversial views and stir the pot. The drama <a href="https://www.bloomberg.com/opinion/articles/2023-11-20/elon-musk-s-x-drama-hurts-tesla-where-it-matters-most">makes Tesla a less appealing brand</a> to would-be customers who don&rsquo;t want to be seen as endorsing Musk&rsquo;s brand of politics.



Tesla will report its first-quarter earnings on April 23 and <a href="https://investorplace.com/2024/04/dear-tsla-stock-fans-mark-your-calendars-for-april-23/">analysts are already bracing for bad news</a>. TSLA stock is down 37% in 2024 and gets a &ldquo;D&rdquo; rating in the Portfolio Grader.



<h2>Intel (INTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/intc1600-300x169.png" alt="Close up of Intel (INTC) sign at entrance of The Intel Museum in Silicon Valley. Intel is an American multinational corporation and technology company."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Semiconductor chip maker Intel (NYSE:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) is facing some challenges. While its stock flails in 2024, bigger and better-heeled competitors are soaring on the power of generative AI chips, and in turn helping investors in those companies make money hand over fist.



So, it&rsquo;s no surprise that tech stock investors are turning away from Intel.



The company&rsquo;s foundry division posted a <a href="https://www.reuters.com/technology/intel-discloses-financials-foundry-business-2024-04-02/">loss</a> of $7 billion in 2023 as it attempts to compete with Taiwan Semiconductor (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/">TSM</a>), which already has the lion&rsquo;s share of the foundry market.



Intel is still investing in the business, pouring billions of dollars into increasing capacity. It currently has a 1% market share in the foundry business, but hopes to be No. 2 in the world and start turning a profit by 2030 (TSMC has the top spot locked up with a <a href="https://www.trendforce.com/presscenter/news/20231206-11949.html">58% market share</a>).



I don&rsquo;t know about you, but that&rsquo;s a long time to ask investors to wait for foundry profits. INTC stock is down 29% this year and gets a &ldquo;C&rdquo; rating in the Portfolio Grader.



<h2>PayPal (PYPL)</h2>



<a href="https://investorplace.com/wp-content/uploads/2021/01/paypal-pypl-1600.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/paypal-pypl-1600-300x169.jpg" alt="PayPal logo and front of headquarters"></a>PayPal (NASDAQ:<a href="https://investorplace.com/stock-quotes/pypl-stock-quote/">PYPL</a>) is a fintech stock that may have ahead of its time. The stock rose 170% from January 2020 to July 2021, the Covid-19 shutdown era in which e-commerce was pretty much the only way to buy and sell products.



It&rsquo;s hard to believe that PayPal stock once topped $300. Now it could be had for less than $70. And while the company offers an impressive array of brands, including Zettle, Xoom, Venmo, Honey and Hyperwallet, there&rsquo;s massive competition in the fintech space.



The number of active users fell from 435 million in 2022 to 431 million in 2023. If PayPal is going to turn around its slide, it will need to find a way to reverse that trend.



PYPL stock is up 3% so far in 2024 and gets a &ldquo;D&rdquo; rating in the Portfolio Grader.



<h2>Ford Motor Co. (F)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/ford1600-300x169.jpg" alt="Ford logo badge on grill of car"><div>Source: JuliusKielaitis / Shutterstock.com</div></div>Ford Motor Co. (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) is one of the best-known brands in the world. As an automaker, Ford makes the F-150 pickup, the Explorer SUV and the sporty Mustang. It&rsquo;s one of the Big Three Detroit automakers.



It&rsquo;s been a challenge in recent months, however. Competition is always fierce, and Tesla&rsquo;s move to lower its EV prices <a href="https://fortune.com/2024/02/20/ford-mustang-mach-e-electric-cars-evs-price-drop/">has a ripple effect for other automakers that Ford can&rsquo;t ignore</a>. 



Ford also was one of three automakers that experienced a strike last year, and was forced to make significant wage concessions to get union members back on the job.



Ford saw an 81% jump in its EV sales in February, and overall sales increase by <a href="https://www.freep.com/story/money/cars/ford/2024/04/03/ford-sales-first-quarter-hybrid/73137481007/">6.8% in the first quarter</a>. It remains to be seen how the company&rsquo;s profit margins will hold, however, and how investors will react when it reports first-quarter earnings on April 24.



F stock is down 1% in 2024 and gets a &ldquo;D&rdquo; rating in the Portfolio Grader.



<h2>Boeing (BA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ba-stock-4-300x169.jpg" alt="Image of Boeing (BA) airplane in a hanger."><div>Source: Alex JW Robinson / Shutterstock.com</div></div>Boeing (NYSE:<a href="https://investorplace.com/stock-quotes/ba-stock-quote/">BA</a>) is a nightmare stock to own right now. The aerospace and defense contractor is under serious pressure as a series of problems with its aircraft left investors reeling.



First, a rear door plug flew off a Boeing 737 Max 9 passenger jet in mid-flight. The Federal Aviation Administration grounded Boeing 737 Max 9 jets for inspection, and <a href="https://www.npr.org/2024/01/08/1223517098/door-plug-boeing-737-max-portland-ntsb-faa">two airlines</a> reported finding loose screws on their aircraft.



The FAA allowed the Max 9 to resume flying a few weeks later, but <a href="https://www.npr.org/2024/01/27/1227278489/boeing-737-max-9-alaska-united-airlines-resumes-flying">many passengers remain reluctant</a>. The <a href="https://www.npr.org/2024/03/04/1235826355/faa-audit-boeing-737-max-8-9-quality-control-failures">FAA</a> and the <a href="https://www.npr.org/2024/03/06/1236277058/boeing-737-max-9-alaska-airlines-door-plug-removed-ntsb-commerce-cantwell-cruz">National Transportation Safety Board</a> both issued critical reports of Boeing as well.



So unsurprisingly, Boeing stock is one of the worst performers of the Dow Jones Industrial Average in 2024, down 34%.



It&rsquo;s going to be a rough period for Boeing in 2024 and there&rsquo;s no need to try to catch a falling knife. BA stock has an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Starbucks (SBUX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/sbux1600a-300x169.jpg" alt="the Starbucks (SBUX) logo on a sign outside of a coffee shop"><div>Source: Grand Warszawski / Shutterstock.com</div></div>Starbucks (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbux-stock-quote/">SBUX</a>) grew mightily from its roots in Seattle to be a dominant brand around the world. Starbucks has more than 39,000 locations, with plans to increase that to 55,000 by the end of the decade.



However, the stock is trading near its 52-week lows as customer traffic fell in the U.S. and China. Embattled Luckin Coffee (OTCMTKS:<a href="https://investorplace.com/stock-quotes/lkncy-stock-quote/">LKNCY</a>) <a href="https://www.wsj.com/business/hospitality/how-starbucks-lost-the-top-spot-in-chinas-coffee-race-b6b36353">surpassed Starbucks as China&rsquo;s No. 1 coffeehouse</a> with an aggressive expansion and <a href="https://www.cnbc.com/2023/09/12/how-luckin-coffee-overtook-starbucks-in-china.html">pricing plan</a> that undercuts Starbucks.



Starbucks saw its <a href="https://s22.q4cdn.com/869488222/files/doc_financials/2024/q1/1Q24-Earnings-Release-Final-1-30-24.pdf">international store count</a> and international revenue grow by 10% in 2023 &ndash; but operating margins slipped, and the company&rsquo;s operating income remained flat for the year despite the expansion.



The company will need to find a way to turn its fortunes in China around without shaving off too much in margin and profitability. SBUX stock is down 10% in 2024 and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



On the date of publication, Louis&nbsp;Navellier did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article held AAPL, but did not hold (either directly or indirectly) any other positions in the securities mentioned in this article.
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Tiziana's MS Drug Shows Promising Patient Outcomes

Tiziana Life Sciences (US) (TLSA) has released an update. Tiziana Life Sciences has received FDA approval to expand their intranasal foralumab Expa...

Tiziana Expands MS Treatment Access Program

Tiziana spikes as FDA clears additional patients for expanded access program

Tiziana Life Sciences (US) (TLSA) has released an update. Tiziana Life Sciences announced promising results from their study of intranasal foraluma...

Tiziana Life Sciences' Intranasal Therapy Shows Promise

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Press Releases

Tiziana Life Sciences Files New Patent Application for Combination Therapy of anti-CD3 (Foralumab) with GLP-1 Receptor Agonist for Additional Reduction of Obesity - Associated Inflammation

Tiziana Life Sciences to Present at Biotech Showcase Conference in San Francisco, January 8-10, 2024

Tiziana Life Sciences Announces Updated Clinical and PET Scan Findings for Intranasal Foralumab in Two New Multiple Sclerosis Patients

Tiziana Life Sciences Announces Podium Presentation at AD/PD of Nasal Anti-CD3 in Alzheimer's Disease

Health Care

Tiziana Life Sciences Announces Platform Presentation of New Quantitative PET Imaging Data on Foralumab at the Annual Meeting of the American Academy of Neurology

Tiziana Life Sciences Announces New Quantitative PET Imaging Data on Foralumab at the Annual Meeting of the American Academy of Neurology

Tiziana Life Sciences Announces Study Results from Intranasal Anti-CD3 Foralumab in Multiple Sclerosis Patients with PIRA Highlighted in Neurology Today®

Tiziana Life Sciences Announces Additional Clinical Improvements Among Multiple Sclerosis Patients in its Expanded Access Program

Tiziana Life Sciences Announces FDA Allowance for Additional Twenty Patients to be Enrolled in the Intranasal Foralumab Multiple Sclerosis Expanded Access Program