L'intérêt à découvert pour Tesla donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Tesla. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Tesla (NASDAQ:TSLA) Stock, Rapport sur les intérêts à découvert

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.

Tesla Inc

Elon Musk, the influential tech entrepreneur, recently emphasized the immense potential of solar energy, citing the Kardashev Scale and simple math to back his claims.
What Happened: In a series of posts on Thursday, Musk, known for his visionary ideas, reiterated his belief in solar energy&#8217;s potential to meet our civilization&#8217;s power needs. He stated on X, &#8220;Once you understand Kardashev Scale, it becomes utterly obvious that essentially all energy generation will be solar.&#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">One square mile on the surface receives ~2.5 Gigawatts of solar energy. That's Gigawatts with a "G". It's ~30% higher in space. The Starlink global satellite network is entirely solar/battery powered. Factoring in solar panel efficiency (25%), packing density (80%) and usable…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1839441480114376859?ref_src=twsrc%5Etfw">September 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk further explained that a small portion of Texas or New Mexico could easily serve all US electricity needs if utilized for solar energy generation. He also highlighted the solar energy received by one square mile on the Earth&#8217;s surface, emphasizing the efficiency of the Starlink global satellite network, which is entirely solar/battery powered.
See Also: <a href="https://www.benzinga.com/news/24/09/40971831/putin-ally-who-unveiled-tesla-cybertruck-with-machine-gun-last-month-now-says-elon-musk-remotely-dis?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Last Month Now Says Elon Musk &#8216;Remotely Disabled&#8217; The Militarized EV</a>
Why It Matters: Musk&#8217;s recent posts echo his earlier views on solar energy&#8217;s potential. In February 2023, he suggested that the amount of solar energy received by Earth could <a href="https://www.benzinga.com/news/23/02/30973037/elon-musk-says-this-energy-source-can-power-a-civilization-over-100-times-larger-than-ours">power a civilization</a> 100 times larger than ours.
Moreover, Musk has previously <a href="https://www.benzinga.com/news/23/08/33538299/tesla-ceo-elon-musk-says-storage-not-production-limits-scaling-of-renewable-energy-in-california-and">highlighted the challenges</a> of scaling renewable energy, particularly the lack of energy storage. He noted in August 2023 that the intermittent nature of wind and solar power makes stationary battery packs at utility scale increasingly important.
His company, Tesla Inc, has been actively working on energy storage solutions. In August, Musk announced that Tesla could produce over <a href="https://www.benzinga.com/news/23/08/33538299/tesla-ceo-elon-musk-says-storage-not-production-limits-scaling-of-renewable-energy-in-california-and">700,000 units of its Powerwall 3</a>, a product he termed &#8216;great&#8217;, in a year.
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Buses Won&#8217;t Be Needed Once Tesla Robotaxis Start Operating: &#8216;Will Take People Point To Point For A Similar Cost&#8217;</a></li>
</ul>
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>

News

General

TSLA

Elon Musk Says Because Almost None Of You Do Your Math Sums, The World Is Largely Not Using The Big Fireball In The Sky: 'All Energy Generation Will Be Solar'

U.S. markets closed higher on Thursday, with the Dow Jones Industrial Average climbing 0.6% to 42,175.11 and the S&amp;P 500 gaining 0.4% to finish at 5,745.37. The Nasdaq also advanced 0.6%, reaching 18,190.29.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s stock closed with a 10.07% increase at $105.07, hitting an intraday high of $105.97 and a low of $101.76. The 52-week range for the stock is $66.63 to $105.97. Alibaba recently made waves in the tech world by <a href="http://Image via Shutterstock">launching over 100 open-source AI models</a>. This ambitious move, dubbed Qwen 2.5, covers a range of industries and signifies Alibaba&#8217;s bold steps to outpace rivals.
Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>)
Costco&#8217;s stock closed down 0.77% at $901.44, with an intraday high of $909.24 and a low of $898.13. The 52-week range for the stock is $540.23 to $923.83. Despite missing <a href="https://www.benzinga.com/news/earnings/24/09/41056967/costco-q4-earnings-revenue-miss-eps-beat-comps-climb-5-4-shares-slide">fourth-quarter revenue estimates</a>, Costco beat EPS estimates and reported a 5.4% climb in comparable sales. 
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41012794/gov-newsoms-hemp-ban-goes-into-effect-consequences-for-industry-investors-patients?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">California Governor&#8217;s Ban On Hemp Is Live: Consequences</a>
BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>)
BlackBerry&#8217;s stock closed up 6.28% at $2.54, hitting an intraday high of $2.56 and a low of $2.4. The 52-week range for the stock is $2.01 to $4.94. BlackBerry&#8217;s second-quarter earnings report showed <a href="https://www.benzinga.com/news/earnings/24/09/41057601/blackberry-q2-earnings-revenue-eps-beat-estimates-driven-by-strength-in-iot-cybersecurity">strength in IoT and cybersecurity</a>, beating revenue and EPS estimates. 
JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>)
JD.com&#8217;s stock closed up 14.39% at $37.99, with an intraday high of $38.18 and a low of $36.93. The 52-week range for the stock is $20.82 to $38.18. The stock enjoyed a lift following China&#8217;s announcement of a <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi">monetary stimulus</a> earlier this week. 
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock closed down 1.09% at $254.22, hitting an intraday high of $261.75 and a low of $251.53. The 52-week range for the stock is $138.8 to $271. Tesla recently sent out invites for its <a href="https://www.benzinga.com/news/24/09/41040380/tesla-sends-out-invites-for-robotaxi-event-heres-everything-you-need-to-know">much-anticipated robotaxi</a> unveiling event scheduled for October 10. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40993998/mark-cuban-says-trumps-lack-of-understanding-business-is-insane-slams-200-tariff-threat-on-john-deer?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says Trump&#8217;s Lack Of Understanding Business Is &#8216;Insane&#8217; — Slams 200% Tariff Threat On John Dee</a></li>
</ul>
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>

Equities

Markets

BABA

COST

Alibaba, Costco, BlackBerry, JD.Com, Tesla: Why These 5 Stocks Are On Investors' Radars Today

In the latest trading session, Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) closed at $254.27, marking a +1.71% move from the previous day. The stock&#39;s performance was ahead of the S&amp;P 500&#39;s daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.56%.
The electric car maker&#39;s shares have seen an increase of 17.25% over the last month, surpassing the Auto-Tires-Trucks sector&#39;s gain of 6% and the S&amp;P 500&#39;s gain of 1.65%.
Investors will be eagerly watching for the performance of Tesla in its upcoming earnings disclosure. The company is expected to report EPS of $0.58, down 12.12% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $25.73 billion, up 10.18% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.27 per share and a revenue of $98.9 billion, indicating changes of -27.24% and +2.19%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Tesla. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts&#39; confidence in the company&#39;s business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we&#39;ve crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Tesla presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Tesla is currently trading at a Forward P/E ratio of 110.13. This valuation marks a premium compared to its industry&#39;s average Forward P/E of 14.04.
Also, we should mention that TSLA has a PEG ratio of 5.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company&#39;s expected earnings growth rate into account. By the end of yesterday&#39;s trading, the Automotive - Domestic industry had an average PEG ratio of 1.47.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
<a href="https://www.zacks.com/stock/news/2340842/tesla-tsla-laps-the-stock-market-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6-2340842">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Analyst Ratings

Trading Ideas

Tesla Laps the Stock Market: Here's Why

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$255.00</td>
<td>$31.8K</td>
<td>17.3K</td>
<td>64.6K</td>
</tr>
<tr>
<td>NCLH</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$19.50</td>
<td>$26.4K</td>
<td>8.2K</td>
<td>8.5K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$105.00</td>
<td>$27.2K</td>
<td>9.8K</td>
<td>4.7K</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$90.00</td>
<td>$72.0K</td>
<td>5.9K</td>
<td>3.4K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$185.00</td>
<td>$48.6K</td>
<td>10.4K</td>
<td>1.8K</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$26.00</td>
<td>$64.0K</td>
<td>214</td>
<td>1.4K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$130.00</td>
<td>$90.0K</td>
<td>755</td>
<td>1.0K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$33.00</td>
<td>$27.4K</td>
<td>192</td>
<td>237</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$100.00</td>
<td>$41.8K</td>
<td>4.4K</td>
<td>175</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$175.00</td>
<td>$96.7K</td>
<td>163</td>
<td>142</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on September 27, 2024. This event was a transfer of 163 contract(s) at a $255.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $31.8K, with a price of $195.0 per contract. There were 17382 open contracts at this strike prior to today, and today 64692 contract(s) were bought and sold. 
• For NCLH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), we notice a put option trade that happens to be neutral, expiring in 8 day(s) on October 4, 2024. This event was a transfer of 2200 contract(s) at a $19.50 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $12.0 per contract. There were 8278 open contracts at this strike prior to today, and today 8532 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 85 day(s) on December 20, 2024. Parties traded 33 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $827.0 per contract. There were 9850 open contracts at this strike prior to today, and today 4779 contract(s) were bought and sold. 
• For WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we notice a call option trade that happens to be bullish, expiring in 22 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $72.0K, with a price of $360.0 per contract. There were 5947 open contracts at this strike prior to today, and today 3423 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option sweep with bullish sentiment. It expires in 22 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $185.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $243.0 per contract. There were 10450 open contracts at this strike prior to today, and today 1868 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a call option trade that happens to be bullish, expiring in 50 day(s) on November 15, 2024. This event was a transfer of 305 contract(s) at a $26.00 strike. The total cost received by the writing party (or parties) was $64.0K, with a price of $210.0 per contract. There were 214 open contracts at this strike prior to today, and today 1454 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option sweep with bearish sentiment. It expires in 29 day(s) on October 25, 2024. Parties traded 150 contract(s) at a $130.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $600.0 per contract. There were 755 open contracts at this strike prior to today, and today 1091 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on November 1, 2024. Parties traded 51 contract(s) at a $33.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $538.0 per contract. There were 192 open contracts at this strike prior to today, and today 237 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bullish sentiment. It expires in 85 day(s) on December 20, 2024. Parties traded 95 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $41.8K, with a price of $440.0 per contract. There were 4481 open contracts at this strike prior to today, and today 175 contract(s) were bought and sold. 
• Regarding CROX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), we observe a call option trade with bullish sentiment. It expires in 176 day(s) on March 21, 2025. Parties traded 118 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $96.7K, with a price of $820.0 per contract. There were 163 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

CROX

NCLH

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SBUX

WYNN

10 Consumer Discretionary Stocks Whale Activity In Today's Session

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-26_08h32_04.png" alt="" /></figure>
<h3 class="wp-block-heading">Growing Optimism</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-china-bringing-optimism-wall-street-positioning-mu-mc-09262024">click here</a> for an enlarged chart of Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point.</li>
<li>In yesterday's Morning Capsule, we wrote the following about Micron earnings in advance:</li>
<li>Going into earnings, here are the key points:
<ul>
<li>Whisper numbers are below the consensus numbers. This is an oddity among AI stocks. Among AI stocks, whisper numbers have consistently been higher than consensus numbers.</li>
<li>Wall Street positioning is negative.</li>
<li>The chart shows that MU stock has bounced off of the support zone.</li>
<li>Historically, when the foregoing factors are combined, the stock goes up after earnings.</li>
</ul>
</li>
</ul>
<ul>
<li>The chart shows a strong up move in MU after earnings were released after the market closed yesterday.</li>
<li>The chart illustrates the value of understanding positioning and the big edge it gives to investors. Micron earnings were mediocre.  The real reason behind the strong move is negative Wall Street positioning.  If the same earnings would have come out a few months ago, when Wall Street positioning was very positive, the stock would have been down $20.  </li>
<li>The chart shows that in the premarket, MU is breaking above the resistance zone. If MU closes above the resistance zone shown on the chart, this zone will become a support zone.</li>
<li>The move up in MU stock is bringing in extremely aggressive buying in most semiconductor stocks in the premarket.&nbsp; In turn, the buying is becoming aggressive in most AI stocks in the premarket.&nbsp;&nbsp;</li>
<li>We have been sharing with you details of China's stimulus plan.&nbsp; Now, with a potential addition, China's stimulus plan is about to become a bazooka.
<ul>
<li>China is considering injecting up to one trillion yuan into state owned banks for the purpose of expanding their capacity to loan more money.</li>
<li>Stocks in Hong Kong are up 4.2% and up 3.6% in Shanghai.</li>
</ul>
</li>
<li>The strong move up in Chinese stocks brought in optimism first to Asian stocks, then to Europe, and now to the U.S. in a round robin fashion.</li>
<li>In The Arora Report analysis, deflation in China has helped U.S. inflation.&nbsp; Now all of the stimulus in China is going to start inflation in China.&nbsp; Some of that inflation is going to come back to the U.S. at a time when the Fed is aggressively cutting rates.&nbsp; All of this could spell trouble for the stock market down the road.&nbsp; However, for the time being, no one is connecting the dots as the party shifts to full swing.&nbsp;&nbsp;</li>
<li>Weekly initial claims came at 218K vs. 224K consensus. This indicates that the jobs picture is strong</li>
<li>Durable orders came stronger than expected.&nbsp; Here are the key points:
<ul>
<li>Headline Durable Orders came at 0.0% vs. -2.9% consensus.</li>
<li>Durable Orders Ex-Transportation came at 0.5% vs. 0.1% consensus.</li>
</ul>
</li>
<li>Just released GDP data shows that economic growth is strong.&nbsp; Here are the details:
<ul>
<li>Q2 GDP Third Estimate came at 3.0% vs. 3.0% consensus.</li>
<li>GDP Deflator Third Estimate came at 2.5% vs. 2.5% consensus.</li>
</ul>
</li>
<li>The foregoing economic data is bringing in aggressive buying in the stock market.&nbsp; The reason is that normally when the economy is this strong, the Fed is not aggressively cutting interest rates.&nbsp; Here, the economy is strong, and the Fed is aggressively cutting rates.</li>
<li>Here is the key question for prudent investors: Did the Fed make a mistake with the 50 bps cut?&nbsp; Stay tuned for more.</li>
<li>Powell comments are ahead and may be market moving.</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive 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>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), 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 positive 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>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
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>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing buying along with tech stocks.
<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>.

$BTC

AAPL

GOOG

MSFT

NVDA

China Bazooka Brings Optimism To U.S. Stocks, Micron Earnings Show The Value Of Knowing Positioning

GLJ Research analyst Gordon Johnson reiterates Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Sell and maintains $24.86 price target.

Price Target

Reiteration

GLJ Research Reiterates Sell on Tesla, Maintains $24.86 Price Target

It&rsquo;s been almost two years that China&rsquo;s biggest EV maker and Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) rival, BYD (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>) entered the EU and the UK. While BYD marches on, traditional automakers like Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>), General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) and Volkswagen are struggling to adapt to the new EV era.
<h3>Ford Is Struggling To Make Its EV Business Work</h3>
With its EV business continuing to lose money, Ford is trying to turn things around. Even electrifying its best-selling F-150s, America&rsquo;s best-selling vehicle of 42 years, didn&rsquo;t solve EV issues for Ford. Despite its luster, the electric version of F-150, the Lightning, was not a game changer for Ford. Moreover, Electrek reported that GM is narrowing the gap. With GM expanding its lineup across key EV segments, covering both low-cost and luxury ends, GM has the momentum on its side and could surpass Ford this year, especially considering the setbacks Ford has faced, including canceling its three-row electric SUV.
But Ford is not alone in its struggles, with all legacy automakers both in the U.S. and in Europe facing increased competitive pressure from China, while they deal with high inventories, falling prices, and weakening consumer demand. Europe&rsquo;s largest automaker, Volkswagen (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwagy#OTC">VWAGY</a>) has not only lost its strength in China to BYD, but it is also struggling on the home front.&nbsp;
<h3>Tensions At Volkswagen Are Running High&nbsp;</h3>
On Wednesday, union leaders in Germany have threatened with strikes as they warned Volkswagen&nbsp;of making a &lsquo;historic mistake&rsquo; if management decides to pursue layoffs and plant closures. Volkswagen literally shocked both its employees and the world by announcing earlier this month it is considering to close plants in its home country, for the first time in the automaker&rsquo;s 87-year-old history. AFP reported that Volkswagen has disappointed its workers by being too vague and failing to concretize its turnaround plan. Earlier this year, Volkswagen entered into an agreement with XPeng (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpeng#NYSE">XPENG</a>) to improve its odds in China, but XPeng is also eyeing Europe, and therefore also threatening Volkswagen on its home continent. XPeng just showcased its latest technology in Stockholm. Also, XPeng used the opportunity to reaffirm its European expansion plans, with Spain, Portugal and the UK being on the itinerary for the second half of the year. Moreover, XPEng is also considering an EV manufacturing base in Europe. Therefore, while joining forces with XPeng to tackle the Chinese market was a sensible move, this did not shield Volkswagen against a rising rival that already entered its home market back in March.&nbsp;
<h3>Chinese EV Makers Are Steaming Ahead</h3>
Despite the global EV slowdown, Chinese EV makers are not pushing the brakes.&nbsp;
China is determined to win the race to EV dominance. By the looks of it, it is leading the way. Consequently, the automotive landscape is undoubtedly evolving in the EV era that is in the making. Unfortunately, the changing face of the automotive industry does not look too good for legacy automakers that lack a systematic response to China&rsquo;s EV offensive.&nbsp;
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.

Eurozone

BYDDY

VWAGY

XPENG

European Automakers Don't Have A Response To China's EV Offensive

NIO Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) has seen its stock stock surge by over 5.49% to $5.97 since Tuesday&#8217;s open following the announcement of a significant <a href="https://www.benzinga.com/markets/asia/24/09/40986319/chinese-stocks-defy-bidens-auto-import-ban-concerns-rally-to-4-month-highs-as-central-bank-unexpecte">monetary stimulus</a> from the People&#8217;s Bank of China (PBoC).
The PBoC this week slashed the reserve requirement ratio (RRR) for banks by 50 basis points to 9.5%, injecting roughly 1 trillion yuan ($140 billion) into the banking system. This move allows banks to increase lending, which is expected to support various sectors of the economy, including the crucial automotive market. 
By increasing the capital available for lending, these measures could ease credit conditions for both businesses and consumers, potentially boosting demand for big-ticket items like electric vehicles.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41032804/chinas-stimulus-sparks-optimism-3-large-cap-stocks-with-analyst-buy-ratings">China&#8217;s Stimulus Sparks Optimism: 3 Large-Cap Stocks With Analyst Buy Ratings</a>
What Else: This monetary easing coincides with additional reductions in mortgage rates and the seven-day and 14-day repo rates, highlighting a coordinated effort by Chinese authorities to stimulate domestic consumption. NIO, which has positioned itself as one of the leaders in China&#8217;s EV market, is expected to benefit significantly from this liquidity injection, especially as consumer confidence strengthens and borrowing costs decrease.
The EV sector, which is integral to China's long-term industrial strategy, relies heavily on both domestic and international demand. The central bank's stimulus could ease pressure on the industry, allowing companies like NIO to maintain competitive pricing, offer incentives and expand production as they compete with other major players such as Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>).
Investors are now watching closely to see how NIO will leverage this favorable financial environment as China continues to pursue economic recovery. 
The liquidity surge could also prove pivotal for NIO&#8217;s efforts to drive forward its transition from a luxury EV maker to a more mass-market player, a move that could further bolster its long-term growth potential.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/09/41045161/how-to-earn-500-a-month-from-costco-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Costco Stock Ahead Of Q4 Earnings</a>
<h2 class="wp-block-heading">How To Buy NIO 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 NIO&#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>, NIO has a 52-week high of $9.57 and a 52-week low of $3.61.

What's Going On With NIO Stock Thursday?

With just two weeks to go for Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/24/09/41040380/tesla-sends-out-invites-for-robotaxi-event-heres-everything-you-need-to-know">Robotaxi unveil event</a>, an analyst painted a bleak picture of the company&#8217;s self-driving technology.
What Happened: Tesla&#8217;s FSD, which is now promoted as fully-supervised FSD, is a &#8220;safety disaster&#8221; and &#8220;galaxies away from being anywhere close to the competition,&#8221; said GLJ Research&#8217;s Gordon Johnson in a note. Tesla&#8217;s competitors in this arena are Alphabet, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo and General Motors Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Cruise.
With Tesla eyeing the rollout of its Fully Supervised FSD in China, the Elon Musk-led company would be up against domestic player Baidu, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) Apollo Go.
Johnson referenced reviews by two sources to make his case. Independent lab AMCI Testing, which tried the technology, said the overall performance of Tesla&#8217;s camera-enabled autonomous-driving software is &#8220;suspect.&#8221; In a report released on Tuesday, the firm said its evaluation showed how often human intervention was required for safe operation. &#8220;In fact, our drivers had to intervene over 75 times during the evaluation; an average of once every 13 miles,&#8221; it said.
While the FSD 12.5.1 was impressive, it is incredibly dangerous for drivers operating with FSD to drive with their hands in their laps or away from the steering wheels, it said. &#8220;The most critical moments of FSD miscalculation are split-second events that even professional drivers, operating with a test mindset, must focus on catching,&#8221; it added.
Johnson also referred to data from Teslafsdtracker.com, which aggregates TSLA FSD driving experiences/data, in real-time from users, which shows that the latest iteration of FSD has a critical disengagement every 130 miles and every 72 miles when driven in a city.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-tesla-stock">How To Buy Tesla (TSLA) Stock</a>
Data reported by competitors to the California Department of Motor Vehicles show that miles to disengagement data for various players are as follows:
<ul>
<li>Waymo: 17,311 miles</li>
<li>Amazon, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox: 177,602 miles</li>
<li>Pony.Ai (startup): 17,077 miles</li>
<li>WeRide (startup): 21,191 miles</li>
</ul>
The metric for Tesla is 13 miles, based on AMCI&#8217;s statistics, Johnson said, although Tesla doesn&#8217;t yet report data to California DMV, given its FSD tech is only Level 2.
Why It&#8217;s Important: Johnson noted that many sell-side analysts assign a valuation of $300 billion to $600 billion for Tesla&#8217;s FSD technology. In real-time, the value is close to zero, he said, adding that it could be negative, given the &#8220;liability of putting something this dangerous on roads.&#8221;
According to Ark&#8217;s valuation model, by 2029, robotaxis, which has FSD as its core technology, would account for 63% of Tesla&#8217;s revenue and 86% of EBITDA.
Future Fund LLC Managing Partner Gary Black, a Tesla bull, said in a recent post on X that Tesla's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40995280/tesla-bull-dampens-enthusiasm-regarding-1010-robotaxi-event-but-heres-what-would-ta">FSD is not yet close to the 99.99% efficacy needed for unsupervised autonomy.</a>
In premarket trading on Thursday, Tesla rose 2.05% to $262.30, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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>.
Photo via Shutterstock

Tech

BIDU

GOOGL

'Safety Disaster:' Tesla FSD 'Galaxies Away From Being Anywhere Close To Competition,' Says Bearish Analyst, As He Assigns Zero Valuation To The Tech

<ul>
<li>NVDA</li>
<li>MU</li>
<li>TSLA</li>
<li>BABA</li>
<li>QQQ</li>
<li>WAY</li>
<li>MADE</li>
<li>INTC</li>
<li>RKLB</li>
<li>AI</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

INTC

MADE

RKLB

Top 10 Trending Stocks On WallStreetBets As Of September 26, 2024 (Via Swaggy Stocks)

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has started sending select shareholders invites to its <a href="https://www.benzinga.com/news/24/09/40808924/tesla-robotaxi-event-to-be-held-in-los-angeles-on-1010-says-senior-company-exec-existing-shareholder">robotaxi unveiling event</a> to be held on Oct. 10 in Los Angeles, company Investor Relations chief Travis Axelrod said on Wednesday.
What Happened: Earlier this month, Tesla <a href="https://www.benzinga.com/news/24/09/40808924/tesla-robotaxi-event-to-be-held-in-los-angeles-on-1010-says-senior-company-exec-existing-shareholder">announced a random draw event </a>for shareholders to win a chance to attend the event slated for October in person. Invites have started going out to the selected few, Axelrod said on Tuesday.
&#8220;Check your inboxes &#8211; invites have begun to go out to those who were randomly selected in our drawing. Congrats to the winners, hope you can make it!&#8221; Axelrod wrote on social media platform X, without confirming the venue where the event would be held.
<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">Check your inboxes &#8211; invites have begun to go out to those who were randomly selected in our drawing. Congrats to the winners, hope you can make it! &#x1f60a; <a href="https://t.co/zt4riDg2ZS">https://t.co/zt4riDg2ZS</a>
&mdash; Travis Axelrod (@travisraxelrod) <a href="https://twitter.com/travisraxelrod/status/1839054521336844779?ref_src=twsrc%5Etfw">September 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tesla also took to its official X account to share a poster of the event titled &#8216;We, Robot.&#8217;
&#8220;This will be one for the history books,&#8221; Tesla CEO Elon Musk wrote while also sharing the poster. 
<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 will be one for the history books <a href="https://t.co/qQ0HZyGMZE">pic.twitter.com/qQ0HZyGMZE</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1839124331709751451?ref_src=twsrc%5Etfw">September 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters:&nbsp;The robotaxi unveiling event was initially slated for Aug. 8. The company delayed it to Oct. 10 to make a few important changes aimed at improving the robotaxi and to give itself time to prepare a &#8220;couple of other things&#8221; to showcase at the event, company CEO&nbsp;Elon Musk&nbsp;said in July.
Musk is currently looking to convert Tesla from an EV manufacturer to an AI and robotics company with an increased focus on developing autonomous driving technology and humanoid robots.
While the robotaxi unveiling event is slated for October, it is "difficult" to say when the&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40457848/elon-musk-agrees-with-ark-invest-analyst-on-biggest-challenge-of-ride-hailing-opera" target="_blank" rel="noreferrer noopener">first unsupervised Tesla robotaxi ride&nbsp;</a>would be, Musk said during Tesla&#8217;s second-quarter earnings call in July. However, the CEO, known for ambitious timelines, hinted at the possibility of it happening by the end of 2024.
"It's difficult, obviously, my predictions on this have been overly optimistic in the past," Musk said. "…based on the current trend… you could do [it] unsupervised possibly by the end of this year. I would be shocked if we cannot do it next year."
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41039631/tesla-begins-cybertruck-deliveries-in-mexico-before-canada-first-country-to-get-the-stainless-steel">Tesla Begins Cybertruck Deliveries In Mexico Before Canada: First Country To Get The Stainless Steel Truck Outside US</a></li>
</ul>
Photo courtesy: Tesla

Tesla Sends Out Invites For Robotaxi Event: Here's Everything You Need To Know

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) commenced deliveries of its <a href="https://www.benzinga.com/topic/tesla-cybertruck">Cybertruck</a> in Mexico on Wednesday, making it the first country outside the U.S. where the stainless steel truck is delivered.
What Happened: Tesla took to social media platform X to share pictures from the first Cybertruck deliveries in the U.S.-neighbouring country. 
&#8220;Hola, estoy aquí,&#8221; Tesla wrote in Spanish from its official X account dedicated to Cybertruck updates. 
<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">Hola, estoy aquí
&mdash; Cybertruck (@cybertruck) <a href="https://twitter.com/cybertruck/status/1838961279404269847?ref_src=twsrc%5Etfw">September 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Until recently, the Cybertruck was limited to deliveries within the U.S. Tesla also intends to start delivering the stainless steel truck in Canada<a href="https://www.benzinga.com/news/24/09/40891218/tesla-cybertruck-deliveries-in-canada-expected-in-late-october"> later this year</a>. </figcaption></figure>
Tesla started delivering the Cybertruck—<a href="https://www.benzinga.com/news/24/09/40873304/teslas-cybertruck-sales-in-july-nearly-matched-those-of-all-over-ev-trucks-combined-report"> its latest offering</a>— in November in the U.S.
Why It Matters: The Foundation series Cybertruck starts at 2,199,900 Mexican pesos (US$112,258.19) for the base version and at 2,599,900 Mexican pesos for the more premium Cyberbeast version in Mexico. The&nbsp;foundation series&nbsp;refers to a limited and pricier edition of the Cybertruck with laser-etched&nbsp;foundation series&nbsp;badges and premium accessories. 
The Cybertruck is currently among the more costly EVs with its high price point. However, Tesla intends to make it a common sight on roads. 
Tesla CEO Elon Musk has previously said that the company intends to make about <a href="https://www.benzinga.com/news/24/07/39927857/tesla-aims-at-profitability-for-cybertruck-by-2024-end-with-production-ramp-and-cost-savings-with-dr">250,000 units of the truck a year starting in 2025.</a>
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/24/09/40975105/general-motors-to-lay-off-about-1700-employees-ahead-of-chevrolet-malibu-phase-out-and-re-tooling-fo">General Motors To Lay Off About 1700 Employees Ahead Of Chevrolet Malibu Phase-Out And Re-Tooling For EV Production</a></li>
</ul>
Photo courtesy: Shutterstock

Tesla Begins Cybertruck Deliveries In Mexico Before Canada: First Country To Get The Stainless Steel Truck Outside US

On Wednesday, major U.S. indices closed with mixed results. The Dow Jones Industrial Average fell 0.7% to 41,914.75, and the S&amp;P 500 dipped 0.2% to 5,722.26, while the Nasdaq inched up by 0.04% to 18,082.21.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta&#8217;s stock increased by 0.88%, closing at $568.31. The intraday high and low were $576.88 and $563.72 respectively, with the 52-week high and low being $576.88 and $279.4. At the <a href="https://www.benzinga.com/news/24/09/41032461/meta-unveils-new-ai-features-quest-3s-llama-3-2-holographic-orion-glasses-at-connect-2024-we-are-get">Meta Connect 2024 event</a>, CEO Mark Zuckerberg announced several new product developments, indicating that the future of computing and human connection is already here.
DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)
DraftKings shares rose by 5.01% to close at $41.10, with an intraday high and low of $41.98 and $40.16 respectively. The 52-week high and low are $49.57 and $25.74. The stock&#8217;s gain is likely due to the <a href="https://www.benzinga.com/markets/equities/24/09/41030297/why-is-draftkings-stock-gaining-today">positive guidance</a> issued by Flutter Entertainment for 2027, which operates in the same sector as DraftKings.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41012794/gov-newsoms-hemp-ban-goes-into-effect-consequences-for-industry-investors-patients?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">California Governor&#8217;s Ban On Hemp Is Live: Consequences</a>
Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>)
Costco&#8217;s shares increased by 0.76%, closing at $908.42. The intraday high and low were $910.36 and $901.13 respectively, with the 52-week high and low being $923.83 and $540.23. The company is expected to highlight its recent membership fee increase and its impact on guidance when it <a href="https://www.benzinga.com/trading-ideas/previews/24/09/41034748/costco-q4-earnings-preview-membership-fee-increase-visitor-growth-top-items-to-watch">reports its fourth-quarter financial results</a>.
Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)
Micron&#8217;s shares rose by 1.88% to close at $95.77, with an intraday high and low of $96.18 and $93.93 respectively. The 52-week high and low are $157.54 and $63.83. The company reported <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">fourth-quarter revenue</a> of $7.75 billion, beating the consensus estimate, and its adjusted earnings also exceeded analyst estimates.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares increased by 1.08%, closing at $257.02. The intraday high and low were $257.05 and $252.28 respectively, with the 52-week high and low being $271 and $138.8. The company is set to <a href="https://www.benzinga.com/news/24/09/41027049/tesla-returns-to-paris-motor-show-for-first-time-in-6-years-cybertruck-to-be-featured-will-elon-musk">return to the Paris Motor Show</a> in October, marking an exciting month for the electric vehicle sector and investors.
Photo by Phongphan on Shutterstock
Prepare for the day&#8217;s trading <a href=""Premarket">with top premarket movers and news</a> by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40994300/trump-media-technology-gamestop-alibaba-snowflake-tesla-why-these-5-stocks-are-on-investors-rada?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">DJT, GME, BABA, SNOW, TSLA: Top 5 Trending Stocks</a></li>
</ul>
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>

DKNG

Meta Platforms, DraftKings, Costco, Micron Technology, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Sam Altman, co-founder of OpenAI and the visionary behind ChatGPT, recently opened up about his transformative experiences with <a href="https://www.benzinga.com/markets/psychedelics">psychedelics</a> in his appearance on the <a href="https://www.lifeinsevensongs.com/sam-altman/">podcast</a> Life in Seven Songs. The tech executive shared personal anecdotes about how psychedelic experiences profoundly impacted his mental health, helping him overcome anxiety and find happiness.
Altman told to host Sophie Bearman that he once considered himself a &#8220;very anxious, unhappy person,&#8221; but psychedelic experiences—particularly a retreat in Mexico—changed his life significantly. &#8220;Doing psychedelics was one of the most transformative experiences of my life,&#8221; he said, noting that the experience helped him become a &#8220;calm person&#8221; and allowed him to focus more effectively on his work.
While Altman did not specify which psychedelics he used, he did mention that the Mexico retreat was particularly significant. &#8220;If you had told me that, like, one weekend-long retreat in Mexico was going to significantly change that, I would have said absolutely not. And it really did,&#8221; Altman remarked, highlighting the unexpected impact the experience had on his mental state.
<h3 class="wp-block-heading">Altman's Vision For Safe And Effective Psychedelic Therapy: Journey Colab</h3>
Altman is now setting his sights on transforming mental health care with psychedelic drugs. <a href="https://www.businessinsider.com/openai-sam-altman-psychedelics-helped-anxiety-happiness-2024-9">According</a> to Business Insider, as chairman of the start-up Journey Colab, he is investing in the potential of psychedelics such as <a href="https://www.benzinga.com/topic/mdma">MDMA</a> and <a href="https://www.benzinga.com/topic/psilocybin">psilocybin</a> to treat mental health conditions like depression, <a href="https://www.benzinga.com/topic/ptsd">PTSD</a> and drug addiction.
Journey Colab, led by CEO Jeeshan Chowdhury, aims to guide these powerful substances through the final stages of clinical trials and develop a safe, effective model for administering them. Their approach is to work with luxury rehab centers like All Points North to ensure that <a href="https://www.benzinga.com/topic/psychedelic-assisted-therapies">psychedelic treatments</a> are offered in controlled, high-support environments.&nbsp;
Altman says his interest in psychedelics stems from their unrealized potential. Reflecting on early MDMA studies, he said, &#8220;I remember looking at it thinking, like, ‘That can't be real, it's too good.'&#8221; Despite the uncertainty around how psychedelic medicine will evolve economically, Altman hopes Journey Colab's approach will shape a model that is both effective and safe.
Chowdhury envisions Journey Colab as a specialty service that provides psychedelic care at rehab centers, akin to how hospitals contract wound-care specialists. Initially, Journey plans to partner with firms conducting clinical trials on MDMA and psilocybin, utilizing the All Points North rehab center near Vail, Colorado as a testing ground.
All Points North, known for its luxury services and veteran care contracts, provides the high-end environment Journey needs to develop its treatment model. However, Journey Colab also aims to make psychedelic therapy accessible to marginalized communities, reserving 10% of its founding equity for a trust benefiting U.S. Indigenous groups.
Chowdhury likens Journey's strategy to Tesla's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): "We're building the Tesla Roadster to try and get to the Model 3." While the focus is currently on luxury rehab environments, the long-term goal is to make these therapies more widely available.
Image credits &#8211; Shutterstock

Cannabis

Psychedelics

Sam Altman's Psychedelic Breakthrough: How The OpenAI Visionary Plans To Transform Mental Health Care With MDMA

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$255.00</td>
<td>$71.0K</td>
<td>4.4K</td>
<td>56.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$195.00</td>
<td>$37.8K</td>
<td>32.6K</td>
<td>3.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$115.00</td>
<td>$169.6K</td>
<td>9.3K</td>
<td>3.0K</td>
</tr>
<tr>
<td>GOEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$2.00</td>
<td>$209.1K</td>
<td>250</td>
<td>1.8K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$25.00</td>
<td>$219.0K</td>
<td>16</td>
<td>1.6K</td>
</tr>
<tr>
<td>CPRI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$50.00</td>
<td>$30.0K</td>
<td>38.5K</td>
<td>1.2K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$90.00</td>
<td>$40.8K</td>
<td>10.7K</td>
<td>1.1K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$190.00</td>
<td>$72.5K</td>
<td>1.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$290.00</td>
<td>$342.5K</td>
<td>307</td>
<td>853</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$5.00</td>
<td>$43.5K</td>
<td>33.8K</td>
<td>440</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on September 27, 2024. Parties traded 200 contract(s) at a $255.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $71.0K, with a price of $355.0 per contract. There were 4407 open contracts at this strike prior to today, and today 56513 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be bullish, expiring in 23 day(s) on October 18, 2024. This event was a transfer of 100 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $37.8K, with a price of $378.0 per contract. There were 32617 open contracts at this strike prior to today, and today 3098 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option trade with bullish sentiment. It expires in 23 day(s) on October 18, 2024. Parties traded 361 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $169.6K, with a price of $470.0 per contract. There were 9334 open contracts at this strike prior to today, and today 3038 contract(s) were bought and sold. 
• For GOEV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>), we notice a put option trade that happens to be neutral, expiring in 23 day(s) on October 18, 2024. This event was a transfer of 1884 contract(s) at a $2.00 strike. The total cost received by the writing party (or parties) was $209.1K, with a price of $111.0 per contract. There were 250 open contracts at this strike prior to today, and today 1884 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a call option trade with bullish sentiment. It expires in 86 day(s) on December 20, 2024. Parties traded 120 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $219.0K, with a price of $1825.0 per contract. There were 16 open contracts at this strike prior to today, and today 1612 contract(s) were bought and sold. 
• Regarding CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we observe a call option sweep with bearish sentiment. It expires in 114 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $50.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 38561 open contracts at this strike prior to today, and today 1257 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 86 day(s) on December 20, 2024. This event was a transfer of 40 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $40.8K, with a price of $1020.0 per contract. There were 10718 open contracts at this strike prior to today, and today 1155 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on October 4, 2024. This event was a transfer of 1000 contract(s) at a $190.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $72.5K, with a price of $72.0 per contract. There were 1085 open contracts at this strike prior to today, and today 1050 contract(s) were bought and sold. 
• For DUOL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>), we notice a call option sweep that happens to be bullish, expiring in 23 day(s) on October 18, 2024. This event was a transfer of 221 contract(s) at a $290.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $342.5K, with a price of $1550.0 per contract. There were 307 open contracts at this strike prior to today, and today 853 contract(s) were bought and sold. 
• Regarding NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we observe a call option sweep with bearish sentiment. It expires in 204 day(s) on April 17, 2025. Parties traded 250 contract(s) at a $5.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $43.5K, with a price of $174.0 per contract. There were 33862 open contracts at this strike prior to today, and today 440 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CPRI

CVNA

DUOL

GOEV

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

The Federal Reserve's decision to cut interest rates could positively impact stocks, consumers, and<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40928301/interest-rates-in-free-fall-what-it-means-for-mortgages-credit-cards-and-your-wallet-a"> several key sectors.</a>
Benzinga readers were recently asked to pick which Magnificent Seven stocks could benefit the most from the interest rate cut.
What Happened: The Federal Reserve's decision to<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"> cut interest rates</a> could benefit small-cap stocks the most, with loans cheaper for companies that need capital to continue growing.
Interest rate cuts could also benefit consumers as mortgage rates decline, auto loans get cheaper and credit card fees get lowered as a trickle-down impact from the Federal Reserve's decision.
Along with small cap stocks, the overall stock market could benefit including the <a href="https://www.benzinga.com/topic/magnificent-seven">Magnificent Seven stocks </a>that are among the most valuable and most-followed stocks in the U.S.
"Which Magnificent 7 stock will perform the best during the rate-cutting cycle," Benzinga recently asked readers.
Here are the results:
<ul>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): 24%</li>
<li>NVIDA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): 21%</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): 19%</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): 13%</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): 8%</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): 8%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>): 8%</li>
</ul>
Tesla won the poll as the stock that will perform the best during the rate-cutting cycle with nearly a quarter of the vote. The stock could be popular given auto loans could come down in price and consumers having less concerns about higher prices all around could mean new auto purchases become more of a possibility.
Investors may also have picked Tesla in the poll as it is the Magnificent Seven stock with the worst year-to-date and one-year performance.
Here are the current performances of the Magnificent Seven stocks:
<ul>
<li>Tesla: Year-to-Date +2.5%, 1-Year +3.1%</li>
<li>Nvidia: Year-to-Date +157.6%, 1-Year +193.9%</li>
<li>Amazon: Year-to-Date +28.6%, 1-Year +46.9%</li>
<li>Apple: Year-to-Date +21.4%, 1-Year +28.0%</li>
<li>Microsoft: Year-to-Date +16.5%, 1-Year +36.0%</li>
<li>Meta: Year-to-Date +64.7%, 1-Year +89.6%</li>
<li>Alphabet: Year-to-Date +17.6%, 1-Year +23.9%</li>
</ul>
The Magnificent 7 stocks have mostly outperformed the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500 Index. The SPY is up 20.8% year-to-date and has climbed 32.1% over the last year, beating three Magnificent 7 stocks year-to-date and three stocks over the previous year.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
What's Next: With less than three months left in 2024, investment appetite for Magnificent Seven stocks could change, with investors looking for small-cap winners or stocks that could perform well after the 2024 election.
Benzinga readers recently voted Nvidia as <a href="https://www.benzinga.com/top-stories/24/08/40602271/ready-to-retire-on-a-single-magnificent-7-stock-poll-reveals-top-pick-and-its-not-apple" target="_blank" rel="noopener">their top Magnificent 7 stock </a>to retire on, with 33% of the vote. Apple and Microsoft ranked second and third, with 21% and 17%, respectively.
In August, Benzinga readers said the Magnificent Seven stock they were most <a href="https://www.benzinga.com/exclusives/24/08/40403222/exclusive-which-magnificent-7-stock-would-investors-put-1-000-in-today-44-of-benzinga-readers-pick-t">likely to invest $1,000</a> in was Nvidia at 44% of the vote, followed by Apple (13%) and Amazon (11%).
The different polls show varying interest in the Magnificent Seven stocks depending on the investment angle. Tesla did not rank in the top three of recent polls until investors were asked about the investment angle of rate cuts.
For investors looking to get exposure to all the Magnificent Seven stocks, there is also the Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>), which holds the seven companies. The ETF is up 45% year-to-date and up over 57% in the past year.
The study was conducted by Benzinga Sept. 19 through Sept. 20, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 210 adults.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/09/41025936/musk-zuckerberg-cook-cuban-or-thiel-whos-the-most-influential-tech-leader-in-2024-election-benzi">Musk, Zuckerberg, Cook, Cuban Or Thiel: Who&#8217;s The Most Influential Tech Leader In 2024 Election? Benzinga Readers Respond, And It&#8217;s Not Even Close</a></li>
</ul>
Photo: gguy/Shutterstock.com

Education

MAGS

After Fed Rate Cuts, Is Tesla, Nvidia, Apple, Or Amazon The Best Investment? Poll Reveals Top Magnificent 7 Stock

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-25_08h49_58.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">The Key To The AI Trade</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-micron-earnings-china-rate-cut-mu-mc-09252024">click here</a> for a chart of Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of MU stock is being used to illustrate the point.</li>
<li>Micron is one of the three largest semiconductor memory makers in the world.</li>
<li>The demand for high bandwidth memory for AI applications is rapidly increasing.</li>
<li>The chart shows Micron's last two earnings and the market reaction.</li>
<li>The chart shows that MU stock peaked with a bearish engulfing candle. A bearish engulfing candle is a negative pattern.</li>
<li>The chart shows when the Arora signal was given to take partial profits.</li>
<li>As full disclosure, MU is long from $21.77 in The Arora Report&#8217;s ZYX Buy portfolio that surrounds the Core Model Portfolio.</li>
<li>The chart shows a very substantial drop in the stock.&nbsp; There are two reasons for the drop:
<ul>
<li>From a fundamental perspective, the demand for memory in smartphones has been soft.</li>
<li>At its peak, MU had become a crowded trade, and Wall Street positioning had become extremely positive. These are the two factors that often lead to big drops.</li>
</ul>
</li>
<li>Going into earnings, here are the key points:
<ul>
<li>Whisper numbers are below the consensus numbers.&nbsp; This is an oddity among AI stocks.&nbsp; Among AI stocks, whisper numbers have consistently been higher than consensus numbers.</li>
<li>Wall Street positioning is negative.</li>
<li>The chart shows that MU stock has bounced off of the support zone.</li>
<li>Historically, when the foregoing factors are combined, the stock goes up after earnings.</li>
</ul>
</li>
<li>Micron earnings and the stock reaction will be an important key to the AI trade.</li>
<li>Some of Micron's business is a commodity business and therefore does not have the same moat as Nvidia (NVDA).&nbsp; Nonetheless, investors should be cognizant that many AI stocks have become crowded trades and Wall Street positioning is extremely positive.&nbsp; This is the fifth stage of a change.&nbsp; Please <a href="https://thearorareport.com/ppp-long-trade-ppp">click here</a> to see the five stages of a long trade.&nbsp; &nbsp; Please <a href="https://thearorareport.com/five-stages-of-a-short-trade-ppp">click here</a> for five stages of a short trade.</li>
<li>As an actionable item, investors should pay attention to the protection band as well as posts calling for hedging AI stocks.</li>
<li>We have seen sharing with you the stimulus measures the Chinese government has been taking and the resulting rally that is taking place in the Chinese stock market.&nbsp; The latest is that China has now cut the one year policy rate by the largest amount ever, from 2.3% to 2%.</li>
<li>The Arora Report has followed China continuously for the last 17 years.  The two ETFs of interest are Mainland China ETF Xtrackers Hvst CSI 300 China A Shs ETF Class A (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASHR#NYSE">ASHR</a>) and Hong Kong ETF iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>). </li>
<li>What happens in China has a major impact on all markets around the globe,including the U.S. stock market.&nbsp; The world is interconnected.&nbsp; Even investors who do not invest outside of the U.S. need to pay attention to what is happening in the rest of the world.
<ul>
<li>The Arora Report has continuously followed economic indicators in 23 countries over the last 17 years.</li>
</ul>
</li>
<li>Consumer confidence came at 98.7 vs. 102.9 consensus.&nbsp; In The Arora Report analysis, this data went against the soft landing and no landing scenarios.&nbsp; However, for the time being, the stock market celebrated lower consumer confidence on the hope that falling consumer confidence would lead the Fed to another 50 bps cut in interest rates.</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are neutral in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</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 mixed 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>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
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>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<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.
Footer: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>.

ASHR

Micron Earnings Ahead - Key To AI Trade; Biggest One Year Rate Cut In China

It gave pedestrians room but ran red lights and crossed into oncoming traffic. &nbsp;
Tesla's controversial "Full Self Driving" is now capable of some quite advanced driving. But that can breed undeserved complacency, according to independent testing. The partially automated driving system exhibited dangerous behavior that required human intervention more than 75 times over the course of more than 1,000 miles (1,600 km) of driving in Southern California, averaging one intervention every 13 miles (21 km).
<a href="https://arstechnica.com/cars/2024/09/tesla-full-self-driving-requires-human-intervention-every-13-miles/" title="https://arstechnica.com/cars/2024/09/tesla-full-self-driving-requires-human-intervention-every-13-miles/">https://arstechnica.com/cars/2024/09/tesla-full-self-driving-requires-human-intervention-every-13-miles/</a>

'Tesla Full Self Driving requires human intervention every 13 miles' - Ars Technica

Piper Sandler analyst Alexander Potter maintains Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Overweight and raises the price target from $300 to $310.

Piper Sandler Maintains Overweight on Tesla, Raises Price Target to $310

Investors with a lot of money to spend have taken a bullish stance on Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TSLA, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 273 uncommon options trades for Tesla.
This isn't normal.
The overall sentiment of these big-money traders is split between 47% bullish and 42%, bearish.
Out of all of the special options we uncovered, 82 are puts, for a total amount of $6,184,913, and 191 are calls, for a total amount of $10,497,877.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $400.0 for Tesla, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Tesla options trades today is 10839.63 with a total volume of 2,961,280.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Tesla's big money trades within a strike price range of $10.0 to $400.0 over the last 30 days.
<h3>Tesla Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727275608_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$5.3</td>
<td>$5.25</td>
<td>$5.25</td>
<td>$300.00</td>
<td>$285.5K</td>
<td>31.2K</td>
<td>1.7K</td>
</tr>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$23.9</td>
<td>$23.85</td>
<td>$23.9</td>
<td>$270.00</td>
<td>$195.9K</td>
<td>74</td>
<td>87</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$12.55</td>
<td>$12.5</td>
<td>$12.55</td>
<td>$270.00</td>
<td>$165.6K</td>
<td>10.8K</td>
<td>1.3K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$12.6</td>
<td>$12.55</td>
<td>$12.55</td>
<td>$270.00</td>
<td>$151.8K</td>
<td>10.8K</td>
<td>1.5K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$4.0</td>
<td>$3.9</td>
<td>$3.95</td>
<td>$257.50</td>
<td>$125.7K</td>
<td>7.2K</td>
<td>22.2K</td>
</tr>
</tbody>
</table>

<h3>About Tesla</h3>
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.
Following our analysis of the options activities associated with Tesla, we pivot to a closer look at the company's own performance.
<h3>Where Is Tesla Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 23,329,984, the TSLA's price is up by 0.22%, now at $254.82. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 21 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Tesla options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

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