Tesla (NASDAQ:TSLA) Stock, Quote.Headers.trade-ideas

Tesla

Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi-truck. Tesla also plans to begin selling more affordable vehicles, and a sports car. Global deliveries in 2023 were a little over 1.8 million vehicles. The company also sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.

La rivale di Tesla, BYD, si espande in Sud America

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Chinese electric vehicle manufacturer BYD and Tesla Inc rival plans to establish its first South Asian assembly plant in Pakistan. The move follows a rejection from India.

Tesla&#39;s Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: &#39;We Have Big Ambitions&#39;

Tesla Cybertruck

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Chechen warlord Ramzan Kadyrov has leveled accusations against Tesla owner Elon Musk, claiming that his Cybertruck was remotely disabled by Musk.

Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Last Month Now Says Elon Musk &#39;Remotely Disabled&#39; The Militarized EV

Mark Cuban Elon Musk

In the wake of a recent Secret Service probe into Elon Musk&#39;s online remarks, billionaire entrepreneur Mark Cuban has come to the defense of the Tesla Inc. CEO&#39;s contentious social media conduct.

Mark Cuban Embraces Elon Musk&#39;s Humor: &#39;I Have No Problem Throwing Elon Under The Bus, But I&#39;ll Save It For When It&#39;s Truly Deserved&#39;

Tesla Inc

Chinese electric vehicle manufacturer BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival plans to establish its <a href="https://www.benzinga.com/markets/equities/24/09/40946478/chinas-nio-says-40-of-its-store-managers-are-ex-tesla">first South Asian assembly plant in Pakistan</a>. The move follows a rejection from India.
What Happened: The plant, expected to be operational by 2026, is a collaboration with Pakistan&#8217;s largest private electricity producer, Hub Power (Hubco). Hubco&#8217;s subsidiary, Mega Motor, will partner with BYD to set up the facility near Karachi's Port Qasim, <a href="https://www.ft.com/content/bf1e6817-5313-4b6e-8e47-9e2960d30ecc">reported</a> Financial Times on Sunday. 
Hubco CEO Kamran Kamal said that the goal is for Pakistan to begin exporting vehicles from the plant. The government is encouraging BYD to target markets in Africa and South Asia, including Bangladesh and Sri Lanka.
"We have big ambitions to be the leading carmaker in this country by the end of the decade," Kamal said. "For any industry in Pakistan to be competitive, they should be focused on the export market."
BYD&#8217;s expansion into Pakistan comes amid broader international growth, with new factories planned in Turkey, Hungary, Thailand, and Brazil. The company is also considering a new factory in Mexico.
BYD declined to comment further on the specifics of the Pakistan project, which is still under discussion. The company aims to sell 100,000 plug-in hybrid and fully electric cars annually in Pakistan by 2030, according to the report.
See Also: <a href="https://www.benzinga.com/news/24/09/40899599/elon-musk-said-spacex-competitors-only-take-up-less-than-we-do-and-they-take-nothing-down-and-they-g?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Said SpaceX Competitors Only &#8216;Take Up Less Than We Do, And They Take Nothing Down, And They Get Paid Twice As Much&#8217; — 10 Years Later, Its Rival In Space Boeing Has Frozen Hiring And Is Weighing Furloughs</a>
Why It Matters: The decision by BYD to establish a plant in Pakistan follows a series of global strategic moves by Chinese automakers to counteract increasing trade barriers and tariffs. 
Recently, the President Joe Biden administration imposed <a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen">a 100% tax on electric vehicles made in China</a>, affecting companies like BYD and Geely. This move is part of a broader effort to relocate manufacturing and boost U.S. jobs.
China has also advised its automakers to keep advanced EV technology within the country, even as they expand globally. This includes exporting knock-down kits for assembly abroad, and ensuring <a href="https://www.benzinga.com/news/24/09/40825946/china-wants-automakers-to-safeguard-their-ev-technology-and-keep-it-within-the-country-as-companies">key parts remain produced in China</a>.
BYD&#8217;s expansion is not just limited to Pakistan. The company has been making significant strides in Europe, showcasing their vehicles at trade fairs like the Automechanika in Frankfurt, <a href="https://www.benzinga.com/markets/equities/24/09/40818732/chinese-ev-manufacturers-byd-and-geely-storm-frankfurt-fair-as-eu-tariffs-threaten-to-crimp-thei">despite looming EU tariffs</a>.
Furthermore, the competitive <a href="https://www.benzinga.com/markets/equities/24/09/40946478/chinas-nio-says-40-of-its-store-managers-are-ex-tesla">landscape in China is intensifying</a>. Companies like NIO are also expanding aggressively, with a significant portion of their management coming from Tesla.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40968088/teslas-stock-performance-in-2019-and-2024-shows-striking-similarities-says-gary-bla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Stock Performance In 2019 And 2024 Shows &#8216;Striking&#8217; Similarities, Says Gary Black: Flags This Reason That May Lead To Price Surge In 2025</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Tesla's Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: 'We Have Big Ambitions'

Chechen warlord Ramzan Kadyrov has leveled accusations against Tesla owner Elon Musk, claiming that his Cybertruck was remotely <a href="https://www.benzinga.com/news/24/08/40504595/military-expert-calls-russian-president-allys-tesla-cybertruck-super-cool-but-useless-combat-vehicle">disabled by Musk</a>.
What Happened: Kadyrov, who has been ruling Chechnya since 2007, alleged that his modified Cybertruck was &#8220;remotely disabled&#8221; by Musk. 
The Chechen leader expressed his indignation in a Telegram post, criticizing Musk&#8217;s actions as unmanly. Earlier in August, Kadyrov had shared a video flaunting the Cybertruck, fitted with what appeared to be a machine gun. 
He hinted that the vehicle, which he asserted was a gift from Musk, would be deployed in the war against Ukraine.
&#8220;Elon Musk behaved badly. He gives expensive gifts from the heart, and then turns them off remotely,&#8221; Kadyrov wrote Thursday in a <a href="https://t.me/RKadyrov_95/5103">post</a> on Telegram.
Then he added in the post saying, &#8220;That&#8217;s not manly. How could you do that, Elon?&#8221; He also mentioned that he had to tow the vehicle after Tesla shut it down. 
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/02/37195508/putin-pal-elon-musk-fires-back-at-critics-accusing-him-of-supporting-russia" target="_blank" rel="noreferrer noopener">Putin Pal? Elon Musk Fires Back At Critics Accusing Him Of Supporting Russia</a>
Earlier in August, <a href="https://www.benzinga.com/news/24/08/40432032/putin-ally-unveils-tesla-cybertruck-with-machine-gun-invites-musk-to-russia">he announced that the vehicle was presented to him by Musk</a>. &#8220;We received a Tesla Cybertruck from the esteemed Elon Musk. I was pleased to test this new technology and personally witnessed why it's rightfully called the ‘Cyberbeast,&#8221; he said in a statement. 
However, Musk categorically denied having gifted the Cybertruck to Kadyrov. The process through which the warlord procured the vehicle remains a mystery, as direct export of a Cybertruck from the US to Chechnya is barred due to US sanctions.
Despite Kadyrov&#8217;s assertions of the Cybertruck&#8217;s efficacy in combat, experts have voiced skepticism. Mark Cancian, a senior advisor with the International Security Program at the Center for Strategic and International Studies, opined that the vehicle would be &#8220;totally useless&#8221; on the battlefield owing to its weight and charging needs.
Why It Matters: The allegations made by Kadyrov against Musk are significant as they involve a high-profile figure and a globally recognized brand. 
The incident also raises questions about the security and remote control capabilities of Tesla&#8217;s vehicles. 
Furthermore, it brings to light the potential misuse of such vehicles in conflict zones, which could have serious implications for international security and Tesla&#8217;s reputation.
Read Next
<a href="https://www.benzinga.com/news/24/08/40429944/elon-musks-controversial-civil-war-prophecy-is-europe-on-the-edge" target="_blank" rel="noreferrer noopener">Elon Musk's Controversial Civil War Prophecy: Is Europe On The Edge?</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Last Month Now Says Elon Musk 'Remotely Disabled' The Militarized EV

In the wake of a recent Secret Service probe into Elon Musk&#8216;s online remarks, billionaire entrepreneur Mark Cuban has come to the defense of the Tesla Inc. CEO&#8217;s contentious <a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures">social media conduct</a>.
What Happened: In a recent podcast <a href="https://youtu.be/QqDPrv8oFyY?feature=shared">interview</a>, Cuban characterized Musk&#8217;s online conduct as &#8220;kind of insane&#8221; but not out of character for the Tesla chief.
The dialogue ensued following Musk&#8217;s recent jest about pop icon Taylor Swift&#8216;s endorsement of Vice President Kamala Harris for the presidency. Cuban, who has previously corresponded with Musk, stood up for the tycoon&#8217;s comedic style. In the interview Cuban said that Musk&#8217;s joke was &#8220;kind of insane&#8221; and defended him by saying &#8220;that&#8217;s just the kind of banter you&#8217;d expect from him.&#8221;
Cuban also said that he sent Musk a text once adding that they&#8217;re &#8220;not friends&#8221; but have communicated in the past.
&#8220;We just texted back and forth a few times and he had just had a child, and I said: &#8216;Congrats on your 90th child,'&#8221; Cuban said during the interview.
&#8220;And his response was — &#8216;Mars needs people.&#8217; Right, so that&#8217;s just Elon&#8217;s sense of humor, right? I have no problem throwing Elon under the bus, but I&#8217;ll save it for when it&#8217;s truly deserved,&#8221; he said.
Also Read: <a href="https://www.benzinga.com/news/23/04/31622549/mark-cuban-asks-elon-musk-why-hes-losing-followers-despite-paying-for-twitter-blue">Mark Cuban Asks Elon Musk Why He&#8217;s Losing Followers Despite Paying For Twitter Blue</a>
Musk&#8217;s digital behavior has previously gotten him into trouble. In 2018, a tweet about making Tesla a private company resulted in a $40 million agreement with the Securities and Exchange Commission. 
More recently, a tweet speculating about a potential assassination attempt on former President Donald Trump triggered a Secret Service investigation.
The Secret Service verified to Bloomberg that they were cognizant of Musk&#8217;s tweet but refrained from further comments due to ongoing enforcement actions. Musk removed the tweet on the same day, subsequently tagging it as a joke.
Why It Matters: Musk&#8217;s social media behavior has been a topic of controversy and legal scrutiny in the past. His tweets have not only led to legal consequences but also impacted Tesla&#8217;s stock performance. 
Cuban&#8217;s defense of Musk&#8217;s online conduct highlights the ongoing debate about the role and impact of social media in the corporate world, especially when used by high-profile executives. 
This incident underscores the potential legal and reputational risks associated with such behavior.
Read Next
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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.

Mark Cuban Embraces Elon Musk's Humor: 'I Have No Problem Throwing Elon Under The Bus, But I'll Save It For When It's Truly Deserved'

Electric vehicle stocks finished the week ended Sept. 20 on a mixed note despite the <a href="https://www.benzinga.com/news/earnings/24/09/40954521/wall-street-looks-to-pause-after-s-ps-record-performance-as-fed-rate-cut-euphoria-fades-and-hard-la">positive performance by the broader market</a>. Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose to its highest level since late July amid some positive catalysts.
Here&#8217;s a rundown on what happened in the EV space during the week:
Tesla China, Europe Sales: China weekly vehicle insurance data from China showed 15,600 insured registrations for Tesla vehicles in the week of Sept 9-15, CnEVPost <a href="https://cnevpost.com/2024/09/19/china-ev-insurance-registrations-week-ending-sept-15-2024/">reported</a>, citing data from Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>). Commenting on the data, fund manager Gary Black said after 11 weeks into the quarter, with only two weeks left, Tesla&#8217;s China third-quarter registrations are on track for their best quarter ever. Quarter-to-date period, the number was up 20% year-over-year and 26% higher than in the first quarter, he added.
On the flipside, data released by European Automobile Manufacturers Association&nbsp;showed that Tesla volumes in Europe dropped 36% year-over-year to 21,701 vehicles in August. &#8220;The electric car market is now on a continual downward trajectory,&#8221; the ACEA said in a statement.
Rivian Launches Tri-Motor RT1 EVS: EV startup Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has begun shipping new R1S and R1T vehicles with triple-motor powertrains. The 2025 model R1T and R1S EVs launched earlier this year rolled out with dual motors. The new Max battery pack is placed between the front and rear motors, and the tri-motor version has a range of 405 miles in conserve mode or 371 miles for all-purpose driving. This version has a starting price of $99,900.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best EV Stocks</a>
Nio Launches Onvo L60: Chinese EV maker Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) on Wednesday officially launched the L60, the first model of the Onvo mass-market brand, in Hefei, Anhui province. The Onvo L60, a mid-size SUV <a href="https://www.benzinga.com/markets/equities/24/06/39511884/nios-upcoming-onvo-l60-reportedly-shows-striking-similarities-to-tesla-models-in-spy-shots">pitched as a Model Y rival, </a>has a starting price of 206,900 yuan (around $29,300) including the battery pack. If the EV is purchased with Nio&#8217;s battery-as-a-service, the price would be as cheap as 149,900 yuan. Deliveries are set to begin Sept. 28.
Faraday Future Announces Second Brand: Struggling upstart Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) announced a second brand, namely Faraday X and the first vehicles of the brand, dubbed FX5, with an estimated price range of 20,000-$30,000, and FX 6, with an expected price range of $30,000-$50,000, will likely come with range-extended AIEV and battery-electric AIEV. The company plans to start production by the end of 2025, subject to securing necessary funding.
Hyzon Starts Class 8 200kW Hydrogen Truck Production: Hyzon Motors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) announced the start of production of its Class 8 200 kilowatt fuel-cell electric truck. It &#8220;marks the beginning of a new chapter for &#8216;hard-to-decarbonize&#8217; heavy-duty industries, as Hyzon sets the standard for high-performance, zero-emission alternatives to diesel,&#8221; said Hyzon Chief Executive Officer Parker Meeks. The Class 8 200kW FCET features a single stack 200kW fuel cell system, which is 30% lighter and smaller, and 25% more cost-efficient than using two 110kW systems combined, the company said.
The KraneShares Electric Vehicles and Future Mobility&nbsp;Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) fell 1.58% on Friday before ending at $19.32, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>. For the week, the ETF , however, slipped 0.31%.
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:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40932786/tesla-bull-explains-why-elon-musks-xai-is-critical-to-ev-makers-autonomous-ambition">Tesla Bull Explains Why Elon Musk&#8217;s xAI Is Critical To EV Maker&#8217;s Autonomous Ambitions</a></li>
</ul>
Here&#8217;s how the EV stocks fared this week:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Weekly Change (+/-)</td>
</tr>
<tr>
<td>Tesla</td>
<td>+3.46%</td>
</tr>
<tr>
<td>Nio</td>
<td>-4.87%</td>
</tr>
<tr>
<td>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)</td>
<td>+7.02%</td>
</tr>
<tr>
<td>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>+12.66%</td>
</tr>
<tr>
<td>Workhorse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</td>
<td>+7.59%</td>
</tr>
<tr>
<td>Hyzon Motors</td>
<td>+1.33%</td>
</tr>
<tr>
<td>Canoo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>)</td>
<td>-19.20%</td>
</tr>
<tr>
<td>Rivian </td>
<td>-13.26%</td>
</tr>
<tr>
<td>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</td>
<td>-11.42%</td>
</tr>
<tr>
<td>Faraday Future </td>
<td>-15.54%</td>
</tr>
<tr>
<td>Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>)</td>
<td>-6.85%</td>
</tr>
<tr>
<td>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>)</td>
<td>-7.58%</td>
</tr>
</tbody>
</table>
</figure>

FFIE

GOEV

HYZN

KARS

LCID

NKLA

RIVN

WKHS

XPEV

Tesla A Tale Of 2 Regions, Rivian Unleashes More Powerful R1 Variants, Nio Aims Sales Surge With Low-End Model And More: Biggest EV Stories Of The Week

The Securities and Exchange Commission (SEC) has urged a federal judge to sanction Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO Elon Musk if he continues to avoid <a href="https://www.benzinga.com/government/24/05/39090563/elon-musk-to-testify-in-sec-probe-of-twitter-acquisition-billionaire-to-provide-investigative-testim">appearing for a deposition</a>.
What Happened: The SEC is probing whether Elon Musk or his associates engaged in securities fraud in 2022 when Musk <a href="https://www.benzinga.com/news/earnings/22/10/29358239/when-can-elon-musk-sell-tesla-shares-could-more-shares-be-unloaded-to-finance-twitter-acquisition">sold Tesla shares and increased</a> his stake in Twitter, now rebranded as X.
In May, Musk was <a href="https://www.benzinga.com/news/24/02/37061910/us-judge-orders-elon-musks-testimony-in-sec-probe-of-44b-twitter-acquisition">ordered by the court</a>&nbsp;to appear for a deposition&nbsp;by the financial regulators <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">regarding&nbsp;the Twitter deal</a>. 
However, the tech billionaire twice failed to appear before the SEC, first in September 2023 and again last week, in defiance of a clear court order, according to SEC attorney Robin Andrews, <a href="https://www.cnbc.com/2024/09/20/sec-says-musk-should-be-sanctioned-if-he-keeps-dodging-twitter-depositions.html">reported</a> CNBC.
Andrews has requested&nbsp;the judge to consider sanctions&nbsp;if Musk continues to delay. The SEC also plans&nbsp;to ask the court to hold Musk in &#8220;civil contempt&#8221;&nbsp;for canceling a deposition on&nbsp;Sept. 10 with&nbsp;only a few hours&#8217; notice.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40940596/matching-nvidia-in-short-term-is-unlikely-analysts-predict-as-china-ramps-up-search-for-rivalling-je?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Matching Nvidia In Short-Term Is Unlikely,&#8217; Analysts Predict As China Ramps Up Search For Rivalling Jensen Huang-Led Chip Giant Amid US Sanctions</a>
Musk&#8217;s deposition has been rescheduled for&nbsp;early October at an SEC&nbsp;office.
Musk&#8217;s attorney, Alex Spiro, responded that &#8220;such drastic action would be inappropriate,&#8221; adding that&nbsp;Musk and his companies have&nbsp;been&nbsp;<a href="https://www.benzinga.com/news/24/07/39650518/musk-argues-mistake-not-fraud-in-twitter-stake-disclosure-lawsuit">cooperating with the SEC</a> in multiple other ongoing investigations.
A user on X&nbsp;shared the news&nbsp;about the SEC&#8217;s intent to seek sanctions against Musk, and argued that the tech billionaire &#8220;was busy overseeing the launch of SpaceX&#8217;s Polaris Dawn mission that day.&#8221;
In response, Musk seemingly agreed and <a href="https://www.benzinga.com/news/24/09/40872104/polaris-dawn-returns-home-after-5-day-mission-including-first-commercial-spacewalk">described the mission</a> as &#8220;our highest-risk astronaut mission ever.&#8221;
He noted that stringent weather constraints were only met on the night of the launch.
&#8220;The weather constraints&nbsp;on this mission are also&nbsp;extremely high and only cleared&nbsp;that night. I had to&nbsp;make a go vs no-go&nbsp;decision. Their lives came first.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This was our highest risk astronaut mission ever and I have responsibility for their safety. The weather constraints on this mission are also extremely high and only cleared that night. I had to make a go vs no-go decision. Their lives came first.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1837308226632667160?ref_src=twsrc%5Etfw">September 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Earlier this year in April, the&nbsp;U.S. Supreme Court upheld a <a href="https://www.benzinga.com/government/24/04/38495283/supreme-court-rejects-elon-musks-bid-to-overturn-sec-decision-report">2018 SEC settlement&nbsp;following</a> Musk's claim of having "funding secured" to privatize Tesla, which the SEC deemed false.
Musk has also&nbsp;previously <a href="https://www.benzinga.com/markets/equities/24/04/38517681/elon-musk-reacts-to-an-old-clip-from-lex-fridmans-podcast-on-what-exactly-is-wrong-with-sec-the-">expressed dissatisfaction with the SEC</a>&nbsp;on Lex Fridman‘s podcast, criticizing the agency&#8217;s failure to protect retail investors from hedge funds. &#8220;Not once did the SEC go after any of the hedge funds who were nonstop shorting and distorting Tesla. Not once,&#8221; he stated at the time.
Last year, after the&nbsp;<a href="https://www.benzinga.com/news/23/10/35120811/elon-musk-fires-back-as-sec-sues-him-over-twitter-stock-drama-comprehensive-overhaul-of-these-agenci">SEC filed a lawsuit against Musk</a>&nbsp;over his Twitter stock purchase, to which Musk responded that a comprehensive overhaul of these agencies is sorely needed.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40931686/elon-musk-agrees-with-nvidia-ceo-jensen-huangs-vision-of-a-future-where-well-have-our-own-ai-powered?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees With Nvidia CEO Jensen Huang&#8217;s Vision Of A Future Where We&#8217;ll Have Our Own AI-Powered Personal Assistants Like Star Wars&#8217; R2-D2 Droid</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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Elon Musk Claps Back After SEC Threatens Sanctions Against Tesla CEO For Evading Twitter Depositions, Says He Was Overseeing 'Highest Risk Astronaut Mission' Of SpaceX: 'I Had To Make A Go Vs No-Go Decision. Their Lives Came First'

President of El Salvador Nayib Bukele visited Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gigafactory in Texas and spent several hours talking with company CEO Elon Musk, the leader said on Friday.
What Happened: &#8220;It was a pleasure to spend several hours talking with one of the great minds of our time,&#8221; Bukele wrote on social media platform X, formerly Twitter, referring to Musk. The post was adjoined by a short video showing Musk welcoming Bukele to Tesla while remarking that Giga Texas is &#8220;three times the size of the Pentagon.&#8221;
Musk too said that he had &#8220;an excellent conversation&#8221; with the Salvadoran president.
&#8220;We talked a lot about the nature of reality, future of humanity and how technology like AI and robotics will affect the world,&#8221; Musk said while adding that El Salvador has an &#8220;amazing leader.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just had an excellent conversation with President <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw">@NayibBukele</a>! We talked a lot about the nature of reality, future of humanity and how technology like AI and robotics will affect the world. El Salvador has an amazing leader. <a href="https://t.co/vvCfu1tYoB">https://t.co/vvCfu1tYoB</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1837312664197886123?ref_src=twsrc%5Etfw">September 21, 2024</a></blockquote>
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Why It Matters: Bukele took office for the second term in June. He is known for his<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40569179/elon-musk-cheers-pro-bitcoin-el-salvador-president-nayib-bukeles-free-speech-guarantee-ami"> pro-Bitcoin stance </a>and announced that he planned to build Bitcoin City in late 2021. The country also recognized Bitcoin as a legal tender in 2021.
Musk shares Bukele&#8217;s enthusiasm for cryptocurrencies. Last month, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40665546/tesla-ceo-elon-musk-wants-to-bring-back-dogecoin-as-a-payment-option-to-buy-companys-merch">Musk said</a> that he would like to have the option of paying with meme cryptocurrency Dogecoin reinstated for the company&#8217;s merchandise on its online shop. 
Though the shop currently only allows payment in dollars, it previously allowed users to&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/22/01/25050400/tesla-begins-accepting-dogecoin-on-online-store-displays-pricing-of-several-merchandise-di" target="_blank" rel="noreferrer noopener">make payments with Dogecoin</a>. Earlier this year, Musk even suggested in an address during his visit to Giga Berlin that the company would accept Dogecoin as an official form of payment for its cars at some point.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40967983/spacex-pushes-ahead-with-fifth-starship-test-flight-preparation-despite-no-faa-launch-approvals-in-s">SpaceX Pushes Ahead With Fifth Starship Test Flight Preparation Despite No FAA Launch Approvals In Sight</a></li>
</ul>
Photo by Gobierno Danilo Medina on Flickr

Pro-Bitcoin El Salvador President Nayib Bukele Meets Elon Musk At Tesla's Giga Texas, Hails Billionaire CEO As 'One Of The Great Minds Of Our Time'

The similarities between Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock performance this year compared to 2019 are &#8220;striking,&#8221; The Future Fund LLC managing partner Gary Black said on Friday, throwing caution to short sellers.
What Happened: Similar to how Tesla was gearing up to launch the Model Y in 2019, the company is now planning new vehicles, <a href="https://www.benzinga.com/news/24/06/39331612/elon-musk-teases-three-new-vehicles-at-teslas-annual-shareholder-meeting-more-affordable-model-incom">including more affordable models</a>, with the start of production slated for the first half of 2025.
In 2019, Tesla shorts believed that the Model Y was just a larger Model 3 and would grab market share of the Model 3, Black said. &#8220;In hindsight the shorts failed to realize Model Y vaulted TSLA into the hot-selling CUV category where it quickly become the #1 seller,&#8221; he added. Model Y is currently Tesla&#8217;s best-selling vehicle. 
Likewise, in 2025, the new affordable model of Tesla will increase Tesla&#8217;s total addressable market, Black said.
&#8220;Shorts again wrongly believe the TSLA compact will cannibalize Model 3, even though Model 3 competes in the affordable sedan segment. As with Model Y, TSLA will sell every TSLA Compact it makes, and earnings estimates will again run ahead of the stock price as they did in 2020, pushing the stock price higher,&#8221; Black wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> similarities between 2019 and 2024 are striking. <a href="https://twitter.com/search?q=%24TSLAQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLAQ</a> shorts should listen up. In 2019, TSLA was gearing up for launch of the Model Y, a CUV that would essentially double TSLA TAM. The shorts believed Model Y was just a bigger Model 3 and thought erroneously that Model… <a href="https://t.co/QHpvD0h8O9">pic.twitter.com/QHpvD0h8O9</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1837268469139546597?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
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Tesla boomed in 2020 upon the release of the Model Y, Black noted, while adding that the same phenomena of positive earnings revisions driving the stock price higher could occur in 2025 when the more affordable vehicle is released.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20222144/newplot-2-3.jpeg" alt="" class="wp-image-559411" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20222144/newplot-2-3.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20222144/newplot-2-3-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /><figcaption class="wp-element-caption">Tesla Stock Trajectory In 2020</figcaption></figure>
Why It Matters: Tesla said during its second-quarter earnings report that the <a href="https://www.benzinga.com/news/24/08/40156978/tesla-ceo-elon-musk-admits-lower-priced-evs-from-rival-automakers-are-a-problem-but-not-one-that-wil">upcoming affordable vehicle</a> will be able to be produced on the same manufacturing lines as its current vehicle lineup. The company has yet to provide a price range or details on its new affordable vehicle but Black believes it would be priced between $25,000 and $30,000.
The Model 3 is currently the cheapest offering from Tesla. Its cheapest version starts at $38,990 in the U.S.
Tesla stock closed down 2.3% at $238.25 on Friday. The stock is down about 4% year-to-date, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20223551/newplot-3-3.jpeg" alt="" class="wp-image-559413" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20223551/newplot-3-3.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20223551/newplot-3-3-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /><figcaption class="wp-element-caption">Tesla Stock Trajectory Year-To-Date</figcaption></figure>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40952233/gms-cruise-eyes-resuming-robotaxi-operations-in-california-after-long-pause-due-to-pedestrian-accide">GM&#8217;s Cruise Eyes Resuming Robotaxi Operations In California After Long Pause Due To Pedestrian Accident In 2023</a></li>
</ul>
Image via Shutterstock

Analyst Color

Tesla's Stock Performance In 2019 And 2024 Shows 'Striking' Similarities, Says Gary Black: Flags This Reason That May Lead To Price Surge In 2025

SEC Intends To Seek Sanctions Against Elon Musk For Violating Court Order That He Testify In Probe Into Twitter Takeover, Court Filing Shows

Shares of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) are down 1.91% to $239.38 Friday afternoon, reversing gains from Thursday's trading session, amid this week&#8217;s unexpected 50-basis-point interest rate cut by the Federal Reserve and <a href="https://www.benzinga.com/markets/equities/24/09/40962983/wall-street-falls-on-triple-witching-day-feds-waller-pushes-gold-to-fresh-record-highs-fedex-plu">overall market weakness</a>.
The decline comes as broader concerns about economic growth and demand pressures begin to weigh on the <a href="https://www.benzinga.com/electric-vehicles">electric vehicle (EV)</a> maker's outlook.
Initial Rally On Lower Rates: Tesla stock surged on Thursday following the Federal Reserve&#8217;s decision to cut interest rates by 50 basis points at the September Federal Open Market Committee (FOMC) meeting, reducing the federal funds rate to a range of 4.75% to 5%. This larger-than-expected rate cut was welcomed by growth-oriented companies like Tesla, which stand to benefit from lower borrowing costs.
The Fed's updated Dot Plot signaled the possibility of additional rate cuts in 2024 and 2025, leading to optimism that cheaper financing would spur demand for capital-intensive goods such as electric vehicles. Lower interest rates also typically make it easier for consumers to finance big-ticket purchases like cars, further boosting demand for Tesla's vehicles.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40944143/wall-street-breaks-records-chipmakers-rally-tesla-hits-2-month-high-as-fed-cut-drives-risk">Wall Street Breaks Records Thursday, Chipmakers Rally, Tesla Hits 2-Month High As Fed Cut Drives Risk-On Mode: What&#8217;s Driving Markets Thursday?</a>
Despite Thursday&#8217;s positive market reaction, Tesla shares dropped on Friday as investors digested the broader implications of the Federal Reserve's latest projections. Several key factors contributed to the decline:
Weaker Economic Growth Outlook: The Federal Reserve revised its GDP growth forecast for 2024 down from 2.1% to 2.0%, signaling slower economic activity ahead. Tesla, which relies on strong consumer demand for its premium electric vehicles, is vulnerable to any signs of economic weakening. A slower growth environment could weigh on consumer spending and potentially reduce demand for discretionary items like cars.
Higher Unemployment Forecast: The Fed also revised its unemployment projections upward, now expecting a 4.4% jobless rate in 2024, up from the previous 4.0%. Rising unemployment could further dampen demand for Tesla's vehicles, as higher joblessness tends to constrain household budgets, particularly for large purchases like electric cars.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40961610/fedex-falls-15-after-earnings-miss-bearish-signals-raise-red-flags-for-investors">FedEx Falls 15% After Earnings Miss, Bearish Signals Raise Red Flags For Investors</a>
Concerns Over Tesla's Margins: With a weakening economy, Tesla might need to lower vehicle prices or offer more incentives to maintain demand, potentially squeezing profit margins.
The company has already engaged in several rounds of price cuts throughout 2024 to stay competitive in the growing EV market, which has seen increased competition from legacy automakers and new entrants.
Inflation and Fed's Confidence in Rate Cuts: While the Fed's downward revisions of inflation forecasts for 2024 and 2025 signal a softer inflationary environment, they may also hint at a prolonged period of disinflation.
 A prolonged slowdown in inflation and economic activity could hinder Tesla's growth prospects, particularly in key markets like the U.S. and Europe, where consumer spending may decelerate.
Valuation Concerns Amid Volatility: Tesla, which is traditionally valued at high multiples compared to earnings, faces heightened volatility during periods of economic uncertainty. 
The combination of a slower economy, higher unemployment, and potential margin pressures raises questions about the sustainability of Tesla's lofty valuation. This could prompt profit-taking among investors after Thursday's rally.
Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40960886/palantir-dell-to-join-s-p-500-friday-heres-how-tesla-stock-has-performed-since-its-add">Palantir, Dell To Join S&amp;P 500 Friday: Here&#8217;s How Tesla Stock Has Performed Since Its Addition In 2020</a>
<h2 class="wp-block-heading">How To Buy TSLA Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Tesla&#8217;s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, TSLA has a 52-week high of $271.00 and a 52-week low of $138.80.

What's Going On With Tesla Stock Today

Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) will be added to the S&amp;P 500 Index on Friday, as part of a rebalancing that happens<a href="https://www.benzinga.com/news/24/09/40958207/how-apple-stock-could-gain-from-fridays-s-p-500-rebalancing-what-investors-should-know"> once a quarter.</a>
Here's a look at what the addition means and how Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock performed since it joined the index in 2020.
 What Happened: Palantir will be<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40795608/palantirs-s-p-500-journey-rebel-tech-giant-transforms-into-frankenstein-monster-powere"> added to the S&amp;P 500 Index </a>for the first time as part of the rebalancing, while this will be a homecoming for Dell, which was previously a member.
Being a part of the S&amp;P 500 Index can be a great thing for stocks and their investors as it means that the company gets more notoriety and is also tracked by the many ETFs that track the index such as the popular SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
Stocks that are added to the S&amp;P 500 Index don't always experience jumps in their share price in the short or long term. In fact, many stocks see a run-up in their share price when it is announced they are going to be added before falling after the addition takes place.
One of the biggest S&amp;P 500 moves of all time was the decision to include Tesla in the index. The move came as the company turned profitable and had met other requirements to be included.
Tesla<a href="https://www.benzinga.com/news/20/11/18396238/tesla-will-finally-be-added-to-the-s-p-500"> officially joined </a>the S&amp;P 500 Index on Dec. 21, 2020, with the stock all added at once, a move that came as experts decided if the stock should be added in two tranches due to the stock's size.
At the time Tesla was added to the S&amp;P 500, the stock made up the sixth largest weighting in the index. Tesla is now the 11th largest weighting.
Tesla shares struggled in its<a href="https://www.benzinga.com/general/education/22/12/30189411/heres-how-much-tesla-has-dragged-down-the-s-p-500-since-it-was-added-2-years-ago"> first two years </a>in the S&amp;P 500 with a 46.5% decline, including a more than 60% drop in 2022. The large weighting of Tesla and subsequent stock price drop weighed on the market index's performance along with the ETFs that tracked it.
Investors who bought Tesla the day it was added to the S&amp;P 500 may have done better buying days or months later after the fanfare had faded.
A $1,000 investment in Tesla stock on Dec. 21, 2020, could have bought 4.89 shares based on a split-adjusted price of $222.83. The $1,000 investment would be worth $1,192.77 today based on a price of $243.92 for Tesla at the time of writing. This represents a return of 19.3% over the last nearly four years, as illustrated on the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Benzinga Pro chart </a>below.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1001" height="484" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20105452/Screenshot-182.png" alt="" class="wp-image-558657" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20105452/Screenshot-182.png 1001w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20105452/Screenshot-182-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20105452/Screenshot-182-768x371.png 768w" sizes="(max-width: 1001px) 100vw, 1001px" /></a></figure>
For comparison, the same $1,000 investment in the SPY, which tracks the S&amp;P 500, could have bought 2.64 shares of the ETF. The $1,000 investment would be worth $1,507.39 today, up 50.7% over the same time period.
Read Also: <a href="https://www.benzinga.com/markets/24/09/40907125/palantir-ceo-offers-radical-take-on-national-security-touch-an-american-and-well-inflict-pain-on-you">Palantir CEO Offers &#8216;Radical&#8217; Take On National Security: &#8216;Touch An American And We&#8217;ll Inflict Pain On You For Generations&#8217;</a>
What's Next: Palantir and Dell are both trading higher year-to-date and saw spikes when it was announced they would be added to the S&amp;P 500 Index. The moves could be short-lived lived and investors should be aware that shares won't just trade higher Friday or Monday because the stocks are now included in the market index.
Freedom Capital Markets Chief Market Strategist Jay Woods shared some recent examples in his weekly <a href="https://jaywoods.substack.com/">newsletter </a>ahead of the S&amp;P 500 rebalance, which traditionally takes place on the third Friday of March, June, September and December. Some additions happen when mergers and acquisitions are completed to replace old members.
<ul>
<li>Lululemon Athletica Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>): Was added in October 2023 and jumped 10% on the news and "faded after three days and inclusion day was a non-event," Woods said.</li>
<li>Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>): Stock was added in December 2023 and moved up 8% before giving gains back two weeks later.</li>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>): Stock jumped 27% when the S&amp;P 500 addition was announced and was later up only 10% when shares were added officially in March 2024. Shares have fallen since the stock was added.</li>
</ul>
"So far PLTR has rallied 17.3% since the announcement, while shares of Dell have climbed 12.1%. Expect them to fade into Friday's close but resume their recent trends within a few weeks of the addition into their next earnings cycle," Woods said on Monday.
Woods said some market enthusiasts claim that being added to the S&amp;P 500 Index is a curse, which Tesla and Super Micro may illustrate above.
"Most additions have fared well and resumed their trends and normal activity afterwards."
For Palantir and Dell, time will tell if the addition is a curse or a normal event ahead of more growth for shares.
PLTR, DELL Price Action: Palantir shares traded at $36.25 at the time of writing Friday versus a 52-week trading range of $13.68 to $37.35. Palantir stock is up 122.1% year-to-date.
Dell shares traded at $117.06 at the time of writing Friday versus a 52-week trading range of $63.90 to $179.70. Dell shares are up 57.5% year-to-date.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/05/39011237/exclusive-nvidia-dow-jones-inclusion-a-matter-of-when-will-it-replace-intel">EXCLUSIVE: Nvidia Dow Jones Inclusion &#8216;A Matter Of When&#8217; — Will It Replace Intel?</a></li>
</ul>
Photo: Shutterstock

Broad U.S. Equity ETFs

Trading Ideas

ETFs

DELL

LULU

PLTR

SMCI

UBER

Palantir, Dell To Join S&P 500 Friday: Here's How Tesla Stock Has Performed Since Its Addition In 2020

STOCK CLIMBS OVER 2% ON THE DAY
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="987" height="1024" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/19200829/Screen-Shot-2024-09-19-at-4.10.43-PM-987x1024.png" alt="" class="wp-image-1320" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/19200829/Screen-Shot-2024-09-19-at-4.10.43-PM-987x1024.png 987w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/19200829/Screen-Shot-2024-09-19-at-4.10.43-PM-289x300.png 289w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/19200829/Screen-Shot-2024-09-19-at-4.10.43-PM-768x797.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/19200829/Screen-Shot-2024-09-19-at-4.10.43-PM.png 1157w" sizes="(max-width: 987px) 100vw, 987px" /></figure>
Today, TradePulse&#8217;s latest Power Inflow alert indicated institutional volume is coming into Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), signaling a shift from net selling to buying. This shift is a key indicator of rising investor confidence and the potential for an uptrend in AZO&#8217;s stock.
At 10:21 AM ET on September 19th, TSLA registered a Power Inflow at a price of $238.88. Following this signal, the stock reached its high point at 3:29 EDT, climbing over 5&nbsp;points ($243.95) during the day, translating to an approximate increase of 2.0%. This alert is crucial for investors relying on order flow analytics, suggesting the beginning of an uptrend and presenting a valuable opportunity for those anticipating higher prices. Observers are now closely monitoring TSLA for sustained positive momentum, viewing this as a bullish sign.
Understanding Power Inflow:
A Power Inflow is identified by a surge in buy orders over sell orders, typically occurring within the first one or two hours after the market opens. This phenomenon is observed in ten to twenty stocks daily, reflecting the initial strategies and reactions of large institutional investors. Analyzing the size, timing, and price of these transactions helps signal shifts in market sentiment and potential price changes. For those interested in monitoring more stocks exhibiting Power Inflows, visiting the TradePulse website provides comprehensive insights and updates on daily occurrences.
Importance of Power Inflow:
Power Inflows are crucial as they offer early indications of potential uptrends, enabling traders to act even before the market fully adjusts. Such a change is commonly viewed as a sign of larger inflows than retail is capable of producing, indicating institutional interest and a short-term uptrend in the stock. Although not always marking the lowest point, stocks tend to rise following a Power Inflow. This makes these signals especially valuable for identifying strategic entry points and planning short-term investments, as they provide an opportunity to capitalize on upward momentum ahead of wider market recognition.
Strategic Actions Following a Power Inflow:
After detecting a Power Inflow, traders should view it as a potential entry buying point but also confirm the trend with TradePulse's additional indicators such as Momentum, Daily, and Large Deal flows to ensure its strength and viability. Prompt action, combined with strategic stop-loss settings, can maximize returns and minimize risks. This comprehensive approach allows traders to make more informed decisions, optimizing their trading strategies in alignment with real-time market dynamics.
If you want to stay updated on the latest options trades for Tesla Inc.,<a href="https://benzinga.grsm.io/register174"> Benzinga Pro</a> gives you real-time options trade alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data are brought to you by Benzinga APIs</a> and include firms, like<a href="https://finitusa.com/en/"> Finit USA</a>, responsible for parts of the data in this article
After Market Close UPDATE: The price at the time of the Power Inflow was $238.88. The returns on the High price ($243.95) and Close price ($243.87) after the Power Inflow were respectively 2.1% and 2.0%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case
Past Performance is Not Indicative of Future Results

Signals

Tradepulse Power Inflow Alert: Tesla Inc. Rises Over 5 Points After Power Inflow Alert

The EV landscape is heating up, and three key players — Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nio Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and XPeng Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) — are battling for dominance. But who's <a href="https://www.benzinga.com/electric-vehicles">winning the race</a>?
<h1 class="wp-block-heading">Tesla: The Global Titan</h1>
Tesla has been in the driver&#8217;s seat for years, and despite its stock being down 7.11% in the past year, it&#8217;s making bullish moves. Elon Musk's ambitious robotaxi plans could reshape urban transport, posing a threat to Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
Add to that a more affordable Tesla vehicle on the horizon, and the company is positioning itself to fend off Chinese competitors like BYD Co Ltd (OTCPK:BYDDF).
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071208/Screenshot-2024-09-20-at-4.41.52-PM.png" alt="" class="wp-image-558073" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071208/Screenshot-2024-09-20-at-4.41.52-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071208/Screenshot-2024-09-20-at-4.41.52-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Technically, Tesla's in a sweet spot. The stock's trading at $243.92, comfortably above key moving averages such as the 20-day SMA of $220.34.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="670" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071301/Screenshot-2024-09-20-at-4.25.57-PM.png" alt="" class="wp-image-558074" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071301/Screenshot-2024-09-20-at-4.25.57-PM.png 670w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071301/Screenshot-2024-09-20-at-4.25.57-PM-300x232.png 300w" sizes="(max-width: 670px) 100vw, 670px" /></figure>
Source: <a href="https://www.benzinga.com/report/TSLA">Benzinga Report &#8211; TSLA</a>
With analysts giving a 12-month price target range of $22.86 to $310, Tesla's future looks volatile but full of upside potential.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40932786/tesla-bull-explains-why-elon-musks-xai-is-critical-to-ev-makers-autonomous-ambition">Tesla Bull Explains Why Elon Musk&#8217;s xAI Is Critical To EV Maker&#8217;s Autonomous Ambitions</a>
<h1 class="wp-block-heading">Nio: The Underdog With Momentum</h1>
Nio has taken a beating, with its stock down a staggering 38.78% over the past year. 
But don't count them out. NIO's strategic partnerships — such as securing batteries from BYD — and the launch of its cheaper ONVO L60 are targeting Tesla's price-sensitive consumers. The L60, priced below Tesla's Model Y in China, could be a game changer.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071413/Screenshot-2024-09-20-at-4.42.15-PM.png" alt="" class="wp-image-558075" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071413/Screenshot-2024-09-20-at-4.42.15-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071413/Screenshot-2024-09-20-at-4.42.15-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
On the technical front, Nio's stock is currently trading at $5.40, above its 50-day SMA of $4.42, signaling buying pressure.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="670" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071444/Screenshot-2024-09-20-at-4.29.33-PM.png" alt="" class="wp-image-558076" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071444/Screenshot-2024-09-20-at-4.29.33-PM.png 670w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071444/Screenshot-2024-09-20-at-4.29.33-PM-300x232.png 300w" sizes="(max-width: 670px) 100vw, 670px" /></figure>
Source: <a href="https://www.benzinga.com/report/NIO">Benzinga Report &#8211; NIO</a>
With an estimated 37.53% upside potential, Nio might be down, but it's far from out.
<h1 class="wp-block-heading">XPeng: The Dark Horse</h1>
XPeng's stock has also struggled, down 42.57% year over year, but its progress is undeniable.
From rolling out its 500,000th vehicle to eyeing European markets with participation in the Paris Motor Show, XPeng is playing the long game.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071938/Screenshot-2024-09-20-at-4.42.25-PM.png" alt="" class="wp-image-558090" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071938/Screenshot-2024-09-20-at-4.42.25-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071938/Screenshot-2024-09-20-at-4.42.25-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Technically, the stock is trading at $9.39, above its 20-day SMA of $8.34, flashing bullish signals. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="670" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071944/Screenshot-2024-09-20-at-4.27.21-PM.png" alt="" class="wp-image-558091" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071944/Screenshot-2024-09-20-at-4.27.21-PM.png 670w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071944/Screenshot-2024-09-20-at-4.27.21-PM-300x232.png 300w" sizes="(max-width: 670px) 100vw, 670px" /></figure>
Source: <a href="https://www.benzinga.com/report/TSLA">Benzinga Report &#8211; XPEV</a>
Analysts predict up to a 10.47% price increase, making it a slower burn as compared to its rivals.
<h1 class="wp-block-heading">The Verdict</h1>
Tesla leads with innovation and market dominance, but Nio and XPeng are closing the gap, especially in the price-sensitive Chinese market.
Keep an eye on the underdogs!
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/09/40926236/kim-kardashian-debuts-custom-metallic-silver-cybertruck-will-elon-musk-approve-the-celebrit">Kim Kardashian Debuts Custom Metallic Silver Cybertruck: Will Elon Musk Approve The Celebrity Makeover?</a></li>
</ul>
Photos: Tesla Model S, courtesy Tesla; Nio ES6, courtesy Nio; XPeng P7, courtesy XPeng

Long Ideas

Technicals

Global

LYFT

Tesla Vs. NIO Vs. XPeng: Will Robotaxis — Or Price Wars — Win The EV Battle?

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-20_08h35_26-1.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h3 class="wp-block-heading">Nuclear Power Revival</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-quad-witching-nuclear-power-revival-ceg-mc-09202024">click here</a> for an enlarged chart of Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of CEG is being used to illustrate the point.</li>
<li>To feed the power hungry AI data centers, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is signing a power purchase agreement with CEG.</li>
<li>The chart shows the gap up on CEG news.</li>
<li>The chart shows that CEG is in the resistance zone.</li>
<li>RSI on the chart shows that CEG is very overbought.&nbsp; An overbought stock tends to pullback.</li>
<li>Based on the quantitative screen of The Arora Report's ZYX Change Method, CEG is way overvalued at this time.&nbsp; However, CEG will benefit from AI, and as such, it is on our radar to give a signal when it is appropriate.</li>
<li>To provide the power, CEG will restart Three Mile Island Unit 1.&nbsp; This reactor was shut down about five years ago due to economic reasons.&nbsp; Three Mile Island Unit 2 is famous for a partial melt down, which caused the most serious nuclear accident on U.S. soil.&nbsp; In addition to CEG, there are opportunities in other energy producers that will help meet the massive power demand for AI.
<ul>
<li>Quanta Services Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) is a contractor to electric utilities and is benefiting from the AI power demand.&nbsp; As full disclosure, PWR is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio. PWR is long from $37.&nbsp; </li>
<li>First Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), which provides solar power to data centers. As full disclosure, FSLR is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio.</li>
<li>A new name that is on The Arora Report&#8217;s radar is Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>). As full disclosure, a signal may be given when appropriate.</li>
</ul>
</li>
<li>We shared with readers yesterday that quad witching was to the upside.
<ul>
<li>A part of the strength in the stock market yesterday was due to quad witching and not due to the Fed's 50 bps interest rate cut.</li>
<li>About $5 trillion notional value of stock derivatives are expiring today.&nbsp; This is a huge amount but not a record.</li>
<li>This morning, expiring futures are exerting downward pressure on the market after yesterday's runup.&nbsp; Futures are expiring this morning.</li>
<li>Options will expire in the afternoon.</li>
</ul>
</li>
<li>Historically, gains due to quad witching tend to reverse in the following week and sometimes even on the expiration day.</li>
</ul>
<h3 class="wp-block-heading">Japan</h3>
In a relief to U.S. stock investors, the Bank of Japan (BOJ) left interest rates unchanged.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and MSFT.
In the early trade, money flows are negative in NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Trump's advocacy continues to bring buying into Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). Here is the key question: Will bitcoin whales take advantage of the strength to sell as is their pattern?
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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NVDA

$5 Trillion Worth Of Quad Witching, AI Leading To Revivial Of Nuclear Power

Mark Cuban shared his thoughts on Elon Musk and his relationship with Donald Trump during an interview with Brian Tyler Cohen.
What Happened: Cuban discussed how the Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO has thrown his support behind Trump despite his customer base and the former president having differing stances on climate change.
Cuban said, &#8220;Elon&#8217;s one smart guy right and I know he believes he&#8217;s much smarter than Donald Trump. You can tell there were times particularly as they talked about the environment and nuclear, and DEI&#8230; I could just see Elon rolling his eyes at that time.&#8221;
Cuban explained that Musk finds the power to influence the president more valuable than sales. 
&#8220;If you&#8217;re the wealthiest person in the world and&#8230;you&#8217;re the Puppet Master of the president, the most powerful person in the world, oh my God, that&#8217;s about as intoxicating. That is the definition of power corrupts, but absolute power corrupts absolutely.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Mark Cuban deals NIGHTMARE blow to Trump" width="500" height="281" src="https://www.youtube.com/embed/QqDPrv8oFyY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/09/40899012/elon-musk-reacts-after-trump-campaign-releases-over-50-examples-of-democrats-rhetoric-that-inspired?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Trump Campaign Releases Over 50 Examples of Democrats&#8217; Rhetoric That &#8216;Inspired Assassination Attempt&#8217;</a>
Why It Matters: Cuban and Musk have been taking jabs at each other on various topics ranging from diversity, equity and inclusion to supporting different candidates. Recently, Musk <a href="https://www.benzinga.com/news/24/09/40849505/mark-cuban-says-he-truly-does-not-hate-trump-but-calls-him-a-lousy-president-if-he-wasnt-running">responded to a post </a>on X that appeared to mock Cuban, calling him an &#8220;idiot who thinks he&#8217;s a genius.&#8221; 
Cuban has also invited <a href="https://www.benzinga.com/24/09/40670029/elon-musk-marvels-at-the-tenacity-of-his-stupidity-after-mark-cubans-poll-debacle-it-is-a-marvel-to">Musk to discuss Kamala Harris&#8216;</a> economic policies directly. Being a vocal supporter of Harris, e asked Musk to share his views on Trump in return. 
Additionally, Cuban has also been outspoken <a href="https://www.benzinga.com/news/24/09/40872989/mark-cuban-asks-elon-musk-he-can-directly-question-him-about-kamala-harris-economic-policies-but-wan">about his views on Trump</a>. A few days ago, he stated that while he does not hate Trump, he believes the former president was and would be a &#8220;lousy president.&#8221; 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40911991/hillary-clinton-compares-melania-trump-to-the-little-kid-at-a-birthday-party-who-doesnt-know-anyone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hillary Clinton Compares Melania Trump To &#8216;The Little Kid At A Birthday Party Who Doesn&#8217;t Know Anyone&#8217; In Her Latest Book</a></li>
</ul>
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: Shutterstock

Politics

Mark Cuban Says Elon Musk 'Believes He's Much Smarter Than Trump,' Reveals The 'Intoxicating' Reason Why Tesla CEO Supports Ex-President

R1T, the first electric pickup to hit the road, was the showpiece that launched Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>). But considering that the&nbsp;R1S SUV&nbsp;became the signature vehicle Rivian got known for, launching the world&rsquo;s first electric pickup wasn&rsquo;t enough to launch Rivian among the EV stars. Even Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) couldn&rsquo;t repeat its F-150 best-selling success on the EV front. Not to mention the EV king, Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), who&nbsp;successfully launched the Cybertruck after quite a bit of delays, only to face a new set of challenges. Even Tesla ended up short on the electric pickup front, with Cybertruck sales being pale compared to Model Y and Model 3. To sum it up, SUVs won against pickups in the EV race. For now.
Putting it simply, a larger EV means a less efficient EV. To move around, a heavier vehicle needs more energy and therefore, huge batteries. Rivian somewhat solved this equation with R1T&nbsp;that has the range option of&nbsp;420 miles, but it requires a huge and expensive battery pack. Stellantis N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>) is claiming its all-electric Ram 1500 REV pickup will outperform its competitors with range, towing, payload, and charging times.&nbsp;Scheduled to arrive to dealerships early next year, this will be Ram&rsquo;s first electric pickup.&nbsp;2025 1500 REV&nbsp;will come with two battery options, resulting in targeted ranges of&nbsp;350-miles and up to 500 miles.&nbsp;This means Stellantis will leave behind not only Rivian, but also the pickup king, Ford and its 2024 Lightning, whose extended range of 320 miles, and the EV king, Tesla, whose Cybetruck has en estimated driving range of 340 miles. However, it&rsquo;s no secret that Stellantis is also struggling, both in North America and in Europe, with Chinese EV makers setting up shop as they continue to expand their global footprint. But, despite challenges and weak results for the first half of the year, including a profit dive of 48%, Stellantis is not giving up. Earlier this month, it revealed its plans to invest $406 million to retool three Michigan plants for EV production. But also, it is slowing down as a week ago, it decided to pause the production of electric Fiat 500 model for four weeks, with the plant in Turin will undergo a significant transformation, involving an investment of &euro;100 million, being equipped for developing a hybrid version of the model. Therefore, Stellantis is yet to fulfill its electric pickup promise.&nbsp;
<h3>The Good News Is That All Electric Pickups Just Got Some Solar Power</h3>
Meanwhile, Worksport Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>), an innovative maker of hybrid and clean energy solutions for light trucks and global consumer goods, just initiated the Alpha Launch of its solar-power duo that pickups can greatly benefit from. Its off-grid power on the go duo consists of SOLIS solar-powered tonneau cover and COR mobile battery power generator. Worksport is planning to bring this innovative system to market in three phases, beginning with the Alpha release, followed by the Beta release and ultimately, a full-scale market launch. The initial Alpha release of its cutting-edge nano-grid system has officially been initiated, with Worksport announcing that approximately 100 systems have been set for rigorous testing and public exposure.&nbsp;Worksport already revealed that the SOLIS will be available for major truck brands including Ford, General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) and the Hyundai Motor Company (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>). In addition, Worksport revealed earlier this month successful lab test results of the portable COR battery system as a range extender for Tesla, namely its Model 3 and Cybertruck.
Therefore, the above examples show that as technologies improve and economies of scale emerge, electric pickups will be in a much more favorable position in the future.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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Electric Pickups Just Got Some Solar Power To Ease Their Struggles

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<li>NVDA</li>
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<li>MADE</li>
<li>WAY</li>
<li>TSLA</li>
<li>DJT</li>
<li>FDX</li>
<li>LOT</li>
<li>QQQ</li>
<li>AAPL</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
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Top 10 Trending Stocks On WallStreetBets As Of September 20, 2024 (Via Swaggy Stocks)

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the Dow Jones index and S&amp;P 500 hitting fresh record highs during the session. The US Federal Reserve, on Wednesday, slashed interest rates by 50 basis points Wednesday at its September Federal Open Market Committee meeting, lowering the federal funds rate to a range of 4.75% to 5%.
On the economic data front, the U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap. U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.
Tech stocks rallied, with shares of NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) gaining around 4% and 6%, respectively. Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares added 2.2% during the session. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also surged, closing the day with gains of 7.4%.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, communication services, and information technology stocks recording the biggest gains on Thursday. However, consumer staples and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 522 points to 42,025.19 on Thursday. The S&amp;P 500 surged 1.70% to 5,713.64, while the Nasdaq Composite climbed 2.51% at 18,013.98 during Thursday's session.
Investors are awaiting earnings results from VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 65.7, the index remained in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 60.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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In the wake of the most powerful typhoon to hit Shanghai in 75 years, Elon Musk, CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, has called on his Tesla Shanghai team to provide aid to those affected by the disaster.
What Happened: On Thursday, Musk took to X, formerly Twitter, and said, &#8220;Shanghai just experienced the most powerful typhoon in 75 years.&#8221;
The tech mogul then shared that he has asked the Tesla Shanghai team to assist those in distress following the devastating typhoon.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Shanghai just experienced the most powerful typhoon in 75 years! Best wishes for the resilient &amp; resourceful people of Shanghai. I have asked our Tesla Shanghai team to help anyone in distress to the best of our ability.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1836911713649586398?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/23/05/32623067/how-to-take-the-perfect-moon-shot-using-an-iphone-14?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Take The Perfect Moon Shot Using An iPhone 15</a>
Why It Matters: The typhoon, named Bebinca, made landfall near Shanghai on Monday, causing widespread damage and leading to the evacuation of hundreds of thousands of people. 
According to a BBC <a href="https://www.bbc.com/news/articles/c62ggnlw2zpo">report</a> from earlier this week, the China Meteorological Administration confirmed that the storm hit the coastal area of Lingang New City in Shanghai's east around 07:30 local time.
Chinese state media have reported it as the strongest storm to hit Shanghai in 75 years.
On Thursday, Typhoon Pulasan, the 14th of the year according to China&#8217;s meteorological authorities, made its second landfall in the country.
With wind speeds reaching up to 23 meters per second near its center, the storm struck Shanghai&#8217;s Fengxian district around 9:45 p.m. local time, after first hitting Zhejiang Province earlier in the day, <a href="https://www.chinadaily.com.cn/a/202409/20/WS66ec55a5a3103711928a8bbc.html">according</a> to China Daily.
Pulasan is the second typhoon to hit China this year, following Typhoon Bebinca
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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.

Elon Musk Tells Tesla Shanghai Team To Help 'Anyone In Distress' After Chinese Mega City Gets Hit By Most Powerful Typhoon In 75 Years

The U.S. stock market reached new heights today, following the Federal Reserve&#8217;s unexpected <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">decision to cut interest rates for the first time in over four years</a>. This bold move led to a surge in the S&amp;P 500 and Dow Jones indices, reaching all-time highs of 5,700 and 42,000 points respectively. The market rally was primarily fueled by the &#8220;Magnificent Seven&#8221; tech giants, each recording daily gains ranging from 1.5% to 4.5%.
The Dow Jones Industrial Average closed 1.3% higher at 42,025.19, while the S&amp;P 500 climbed 1.7% to 5,713.64. The Nasdaq surged 2.5% to 18,013.98.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock soared by 7.36% today, closing at $243.92. The electric vehicle maker&#8217;s shares hit an intraday high of $244.24 and a low of $232.13. The 52-week high and low for Tesla stand at $273.93 and $138.8 respectively. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40944143/wall-street-breaks-records-chipmakers-rally-tesla-hits-2-month-high-as-fed-cut-drives-risk">Tesla&#8217;s stock reached a two-month high</a> following the Federal Reserve&#8217;s rate cut.
Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)
Nike shares saw a slight increase of 0.10% today, closing at $80.98. The stock reached an intraday high of $83.12 and a low of $80.47. The company&#8217;s 52-week high and low are $123.39 and $70.75 respectively. <a href="https://www.benzinga.com/news/24/09/40948580/nike-stock-jumps-9-after-the-bell-ceo-set-to-retire">Nike announced a CEO transition</a> after the market close today, which led to a 9% jump in the company&#8217;s shares in after-hours trading. 
Nike announced that longtime company veteran Elliott Hill will take over as president and CEO, effective October 14. Hill will also join the board of directors and the executive committee. Current president and CEO John Donahoe will retire from his role on October 13, but will stay on as an advisor until January 31, 2025, to help with the transition.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40912814/amazon-told-its-staff-they-must-come-to-office-five-days-a-week-but-its-primary-healthcare-subsi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Told Its Staff They Must Come To Office Five Days A Week, But Its One Medical Subsidiary Workers R</a>
Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s stock rose by 4.82% today, closing at $88.49. The shares reached an intraday high of $88.57 and a low of $86.95. The 52-week high and low for Alibaba are $90.46 and $66.63 respectively. <a href="https://www.benzinga.com/news/24/09/40934797/alibaba-shares-rise-4-in-premarket-after-company-unveils-over-100-new-ai-models-and-text-to-video-to">The company announced the launch of over 100 new AI models</a>, which led to a 4% rise in its shares during premarket trading.
FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>)
FedEx shares increased by 0.74% today, closing at $300.39. The stock hit an intraday high of $308 and a low of $297.87. The 52-week high and low for FedEx are $313.84 and $224.69 respectively. <a href="https://www.benzinga.com/news/earnings/24/09/40948046/fedex-q1-earnings-revenue-miss-eps-miss-lowered-guidance-challenging-quarter">The company reported its first-quarter earnings</a> after the market close today, missing revenue and EPS estimates and lowering its guidance.
Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media &amp; Technology Group&#8217;s shares fell by 5.89% today, closing at $14.7. The stock reached an intraday high of $15.37 and a low of $14.56. The 52-week high and low for the company are $79.38 and $14.56 respectively. <a href="https://www.benzinga.com/news/24/09/40939390/trump-media-technology-group-stock-slides-as-lockup-expiration-looms-whats-going-on">The company&#8217;s shares traded lower</a> as lockup restrictions preventing certain insiders from selling shares are set to expire.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Elon Musk, the CEO of Tesla and SpaceX, has come under the scrutiny of the Secret Service due to a <a href="https://www.benzinga.com/news/24/09/40870646/elon-musk-comments-on-why-they-want-to-kill-trump-desantis-promises-floridas-own-probe">contentious social media post</a> involving President Joe Biden and Vice President Kamala Harris.
What Happened: The Secret Service is investigating a post by Musk in which he questioned why there were no assassination attempts on Biden or Harris. The agency refrained from revealing any details about the investigation, citing it as an &#8220;enforcement proceeding,&#8221; <a href="http:// 
<h2&gt;Elon Musk's Controversial Post Sparks Secret Service Investigation</h2&gt; <p&gt;In a recent development, <b&gt;Elon Musk</b&gt;, the CEO of <b&gt;Tesla Inc.</b&gt; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</h2&gt;elon></a>), has come under the scrutiny of the Secret Service due to a contentious social media post involving President Joe Biden and Vice President Kamala Harris.
<p&gt;<b&gt;What Happened</b&gt;: According to a <a href=&quot;https://www.businessinsider.com/secret-service-elon-musk-investigation-tweet-biden-kamala-assassination-2024-9&quot;&gt;Business Insider</a&gt; report on Sunday, the Secret Service is investigating a post by Musk in which he questioned why there were no assassination attempts on Biden or Harris. The agency refrained from revealing any details about the investigation, citing it as an &quot;enforcement proceeding.&quot;</p&gt; <p&gt;Musk's controversial post was in response to a user who asked why there were attempts on the life of former President Donald Trump. Musk later took down his post, attributing it to a misunderstood sense of humor.</p&gt; <p&gt;<i&gt;See Also: <a href=&quot;https://www.benzinga.com/news/24/09/40911991/hillary-clinton-compares-melania-trump-to-the-little-kid-at-a-birthday-party-who-doesnt-know-anyone?itm_source=parsely-api&quot; target=&quot;_blank&quot;&gt;Hillary Clinton Compares Melania Trump To 'The Little Kid At A Birthday Party Who Doesn't Know Anyone' In</a&gt;</i&gt;</p&gt;<p&gt;Spokesperson for the Secret Service, Melissa McKenzie, stated, <span style=&quot;color:#FF0000&quot;&gt;&quot;The Secret Service is aware</span&gt; <span style=&quot;color:#FF0000&quot;&gt;of the social media post</span&gt; <span style=&quot;color:#FF0000&quot;&gt;made by Elon Musk and</span&gt; <span style=&quot;color:#FF0000&quot;&gt;as a matter of practice,</span&gt; <span style=&quot;color:#FF0000&quot;&gt;we do not comment on</span&gt; matters involving protective intelligence.&quot; She further added that the agency <span style=&quot;color:#FF0000&quot;&gt;investigates all threats related to</span&gt; their protectees.</p&gt; <p&gt;It is important to note that Musk, who is a known supporter of Trump, has previously highlighted the former president's survival of an assassination attempt. Musk endorsed Trump following a near-miss shooting incident in July.</p&gt; <p&gt;The White House has denounced Musk's post, describing it as irresponsible rhetoric that should never be encouraged or joked about.</p&gt; <p&gt;<b&gt;Why It Matters</b&gt;: This controversy comes in the wake of a second assassination attempt on Donald Trump, as reported by <a href=&quot;https://www.benzinga.com/news/24/09/40870646/elon-musk-comments-on-why-they-want-to-kill-trump-desantis-promises-floridas-own-probe&quot;&gt;Benzinga</a&gt;. Musk's contentious post was made shortly after this incident, sparking a wave of backlash and criticism, including from the White House, as per <a href=&quot;https://www.benzinga.com/news/24/09/40890277/elon-musk-says-his-now-deleted-controversial-post-after-latest-trump-assassination-which-was-labeled&quot;&gt;Benzinga</a&gt;. The Tesla CEO later removed the post, claiming it was a joke that was misunderstood due to lack of context. The Secret Service's investigation into Musk's post underscores the seriousness of such comments, even when made in jest.</p&gt;<p&gt;<i&gt;Read Next: <a href=&quot;https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong?itm_source=parsely-api&quot; target=&quot;_blank&quot;&gt;Obama-Era Economist Says She Is 'Pleasantly Surprised' That JD Vance Thinks The 'Economy Is Too Strong Fo</a&gt;</i&gt;</p&gt;">reported Business Insider.</p&gt;<b&gt;what>
Musk&#8217;s controversial post was in response to a user who asked why there were attempts on the life of former President Donald Trump. Musk later took down his post, attributing it to a misunderstood sense of humor.
A Spokesperson for the Secret Service, Melissa McKenzie, stated, &#8220;The Secret Service is aware of the social media post made by Elon Musk and as a matter of practice, we do not comment on matters involving protective intelligence.&#8221; She further added that the agency investigates all threats related to their protectees.
It is important to note that Musk, who is a known supporter of Trump, has previously highlighted the former president&#8217;s survival of an assassination attempt. Musk endorsed Trump following a near-miss shooting incident in July.
The White House has denounced Musk&#8217;s post, describing it as irresponsible rhetoric that should never be encouraged or joked about.
See Also: <a href="https://www.benzinga.com/news/24/09/40911991/hillary-clinton-compares-melania-trump-to-the-little-kid-at-a-birthday-party-who-doesnt-know-anyone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hillary Clinton Compares Melania Trump To &#8216;The Little Kid At A Birthday Party Who Doesn&#8217;t Know Anyone&#8217; In Her Latest Book</a>
Why It Matters: This controversy comes in the wake of a <a href="https://www.benzinga.com/24/09/40869836/donald-trump-safe-and-unharmed-after-shooting-incident-at-florida-golf-club">second assassination attempt</a> on Trump. Musk&#8217;s contentious post was made shortly after this incident, sparking a wave of backlash and criticism, including from the White House, as per Benzinga. 
The Tesla CEO later <a href="https://www.benzinga.com/news/24/09/40890277/elon-musk-says-his-now-deleted-controversial-post-after-latest-trump-assassination-which-was-labeled">removed the post</a>, claiming it was a joke that was misunderstood due to lack of context. He wrote on X, &#8220;Turns out that jokes are WAY less funny if people don&#8217;t know the context and the delivery is plain text."
In a separate post, Musk said that he had learned the lesson that &#8220;just because I say something to a group and they laugh doesn&#8217;t mean it&#8217;s going to be all that hilarious as a post on X.&#8221;
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