Upwork (NASDAQ:UPWK) Stock

Upwork

Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The business generates revenue from Talent and Clients across the USA, India, the Philippines and the rest of the world. Substantial income is derived from providing services to clients.

Upwork Inc

U.S. stock futures edged higher Tuesday night after President Donald Trump told reporters in the Oval Office he had "no intention" of firing Federal Reserve Chair Jerome Powell, adding that he "never did," according <a href="https://www.cnbc.com/2025/04/22/trump-says-he-has-no-intention-of-firing-fed-chair-powell.html">to</a> CNBC. 
The S&amp;P 500 Futures are up 1.41%, at 5,389, followed by Dow Futures, trading at 39,788, up 1.09%, and finally Nasdaq Futures at 18,675, up 1.58%. This comes after a strong rebound in the regular session on Tuesday, with the Dow rallying 1,000 points and snapping its four-day losing streak, and both the S&amp;P 500 and the Nasdaq rising over 2%.
See More: <a href="https://www.benzinga.com/25/04/44940763/ark-invests-bold-moves-nvidia-amd-airbnb-and-microsoft-in-focus">Cathie Wood Increases Bet On Nvidia And AMD Despite China Chip Hurdles, Ark Dumps Microsoft Stock Worth $9.7 Million</a>
Japan&#8217;s Nikkei 225 benchmark index is taking cues from Wall Street and is up 1.72% or 588 points in the early morning session. Tech, export-linked stocks, and insurance companies led the rally. 
The U.S. Dollar Index (DXY) is up 0.3%, following a rebound from its three-year lows on Monday. This comes after the President backed down from his threats against the Fed Chair on Tuesday night, according to a report by Reuters.
Investors will be closely watching the earnings of several large-cap stocks on Wednesday, including Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), and ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), among several others.
Photo Courtesy: JOURNEY STUDIO7 On Shutterstock.com
Read More: <a href="https://www.benzinga.com/personal-finance/25/04/44940599/how-urgent-is-the-quantum-computing-risk-facing-bitcoin-one-team-is-putting-1-btc-up-for-grabs-to-find-out">How Urgent Is The Quantum Computing Risk Facing Bitcoin? One Team Is Putting 1 BTC Up For Grabs To Find Out</a>

Markets

Trump Says 'No Intention' Of Firing Jerome Powell — Stock Futures Edge Higher, Dollar Index Rebounds

Electric vehicle juggernaut Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) reported losses on cryptocurrency investments in the first quarter on Tuesday, while its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) stash remained unchanged.
What happened: Tesla's balance sheet showed $951 million in digital assets, down 11.6% from the last quarter, according to the company's earnings report released after the market close.
The firm also reported a mark-to-market loss of $125 million on its cryptocurrency investments, compared to $347 million in gains in the fourth quarter of 2024.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44891685/gary-black-shares-polymarket-data-says-trump-tariffs-have-pushed-odds-of-2025-recession-to-57">Gary Black Shares Polymarket Data, Says Trump Tariffs Have Pushed Odds Of 2025 Recession To 57%</a>
Tesla does not publish a breakdown of its cryptocurrency holdings. However, on-chain analytics firm Arkham Intelligence <a href="https://intel.arkm.com/explorer/entity/tesla">suggests </a>that the entirety of their stockpile is made up of Bitcoin, worth almost $1.076 billion at the time of writing. Its hoard of 11,509 BTC remained unchanged from the last quarter.
Bitcoin closed the first quarter down roughly 12%, resulting in unrealized losses for Tesla. However, with the apex cryptocurrency regaining 13% in April, its current value, as indicated by Arkham, was higher.
Why It Matters: With the adoption of the <a href="https://www.benzinga.com/24/12/42502213/new-crypto-accounting-standards-from-todaywill-it-boost-bitcoins-corporate-adoption">new accounting standard for cryptocurrencies</a>, businesses can declare their holdings at market value and include them in net income.&nbsp;
Tesla's Bitcoin journey began in January 2021, when it first acquired $1.5 billion worth of the leading cryptocurrency.&nbsp;
Meanwhile, the Elon Musk-led company revealed a <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">revenue and earnings fall</a> in the first quarter, both of which missed analysts&#8217; expectations.
Price Action: At the time of writing, Bitcoin was exchanging hands at $93,315.25, up 5.62% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Shares of Tesla surged 5.39% in after-hours trading after closing up 4.60% at 237.97 during Tuesday's regular trading session.&nbsp;
The TSLA stock ranked high on the quality score—a measure of the company&#8217;s operational efficiency and financial health—as of this writing. To see how it compares to Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the largest Bitcoin corporate holder, check out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="485" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22212559/Screenshot-2025-04-23-065441.png" alt="" class="wp-image-883109" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22212559/Screenshot-2025-04-23-065441.png 485w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22212559/Screenshot-2025-04-23-065441-300x84.png 300w" sizes="(max-width: 485px) 100vw, 485px" /></figure>
Photo Courtesy: Ink Drop On Shutterstock.com
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BTC

MSTR

TSLA

Elon Musk-Led Tesla Reports $125 Million In Unrealized Losses On Bitcoin After Top Crypto Drops 12% In Q1

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Johnson &amp; Johnson, Chevron, and Flowers Foods have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 5%.
Johnson &amp; Johnson
Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) engages in the research and development, manufacture, and sale of various products in the healthcare field worldwide.
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Johnson &amp; Johnson has increased its dividends every year for the last 63 years. In its most recent dividend hike announcement on April 15, its board raised the quarterly payout by 4.80% to $1.30 per share, which is equal to an annual figure of $5.20 per share. Currently, the dividend yield on the stock stands at 3.38%.
Johnson &amp; Johnson's annual revenue as of Dec. 31 stood at $88.82 billion. According to the company&#8217;s Q1 2025 earnings release on April 15, it posted revenues of $21.89 billion and EPS of $2.77, both beating the consensus estimates.
Check out this <a href="https://www.benzinga.com/insights/short-sellers/25/04/44844459/how-is-the-market-feeling-about-johnson-johnson">article by Benzinga</a> to learn how the market is feeling about Johnson &amp; Johnson.
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
Chevron
Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) engages in the integrated energy and chemicals operations in the U.S. and internationally.
Chevron has raised its dividends consecutively for the last 37 years. In its latest dividend announcement on Jan. 31, the company's board increased the quarterly payout by 5% to $1.71 per share, equaling an annual figure of $6.84 per share. Currently, the dividend yield on the stock is 5.05%.
The company's annual revenue as of Dec. 31 stood at $193.41 billion. In its Q4 2024 earnings report on Jan. 31, Chevron posted revenues of $52.23 billion, beating the consensus estimate of $48.41 billion, while EPS of $2.06 came in below the consensus of $2.11.
Check out this <a href="https://www.benzinga.com/insights/news/25/03/44358250/100-invested-in-chevron-5-years-ago-would-be-worth-this-much-today">article by Benzinga</a> to see how much $100 invested in Chevron five years ago would be worth today.&nbsp;
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
Flowers Foods
Flowers Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>) produces and markets packaged bakery food products in the U.S. It distributes its products through a direct-store-delivery distribution and a warehouse delivery system, as well as operates bakeries.
Flowers Foods has raised its dividends consecutively for the last 11 years. In its most recent dividend hike announcement on May 23, it increased the quarterly payout by 4.3% to $0.24 per share, equal to an annual figure of $0.96 per share. More recently, in its dividend announcement on Feb. 14, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 5.34%.
The company&#8217;s annual revenue as of Dec. 31 stood at $5.10 billion. In its most recent earnings report on Feb. 7, the company posted Q4 2024 revenues of $1.11 billion, below the consensus estimate of $1.13 billion, while EPS of $0.22 beat the consensus of $0.21.
Johnson &amp; Johnson, Chevron, and Flowers Foods are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 5% and long history of consistent hikes make them attractive to income-focused investors.
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Image: Shutterstock

Personal Finance

Why Johnson & Johnson, Chevron, And Flowers Foods Are Winners For Passive Income

Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) reportedly plans to reduce more than 20% of its workforce as part of a major overhaul under new CEO Lip-Bu Tan.
What Happened: The layoffs are targeted toward reducing bureaucracy and streamlining Intel's focus on engineering excellence, <a href="https://www.bloomberg.com/news/articles/2025-04-23/intel-to-announce-plans-this-week-to-cut-more-than-20-of-staff">reported</a> Bloomberg on Tuesday, citing a person with knowledge of the matter.&nbsp;
Tan was appointed the new CEO of Intel last month. This overhaul would mark the first major restructuring under him.
Last year, Intel revealed plans to slash 15,000 jobs. The company had 108,900 employees by the end of last year, the report noted.
Intel did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44862552/ford-recalls-nearly-150000-vehicles-over-brake-and-powertrain-issues-nhtsa" target="_blank" rel="noreferrer noopener">Ford Recalls Nearly 150,000 Vehicles Over Brake And Powertrain Issues: NHTSA</a>
Why It&#8217;s Important: Last week, Reuters cited an <a href="https://www.benzinga.com/25/04/44881183/intel-ceo-lip-bu-tan-slams-suffocating-bureaucracy-puts-ai-front-and-center-with-leadership-reshuffle-direct-oversight-to-reinvent-company-after-years-of-setbacks">internal memo from Intel</a> and reported that Tan has decided that data center, AI, and personal computer chip divisions will now report to him directly.
"It&#8217;s clear to me that organizational complexity and bureaucratic processes have been slowly suffocating the culture of innovation we need to win," he reportedly said in the memo, adding, "It takes too long to make decisions. New ideas are not given room or resources to incubate. And unnecessary silos lead to inefficient execution."
Intel is scheduled to report its earnings on Thursday after the market closes.
Price Action: Intel shares rose 3.56% on Tuesday, closing at $19.51. The stock added another 2% in after-hours trading, climbing to $19.90. Year-to-date, the chipmaker is down 3.51%, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro</a>.
Intel currently has a growth score of 3.59% based on Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other top</a> semiconductor stocks.
Photo Courtesy: Tada Images On Shutterstock.com
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Tech

Media

INTC

Intel Plans To Slash Over 20% Of Workforce As Lip-Bu Tan Carries Out Major Restructuring: Report

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving major tech companies. The firm increased its holdings in NVIDIA Corp (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>), while also making notable moves with Airbnb Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). These trades reflect Ark&#8217;s strategic positioning amid evolving market conditions.
The Nvidia Trade
ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) fund acquired 11,000 shares of NVIDIA. On Tuesday, Nvidia shares ended the day at $98.89. The Ark trade was valued at $1.09 million. This move comes amid recent challenges for Nvidia, involving new U.S. <a href="https://www.benzinga.com/government/regulations/25/04/44846329/nvidias-china-sales-face-setback-as-h20-chip-restrictions-catch-key-buyers-off-guard-reuters">export restrictions on its H20 chip to China</a>. The chipmaker&#8217;s failure to inform key clients about these restrictions has raised concerns. Despite these hurdles, Ark&#8217;s investment suggests confidence in Nvidia&#8217;s long-term potential, particularly in the AI and gaming sectors.
The AMD Trade
On the same day, Ark&#8217;s ARKQ fund purchased 24,800 shares of AMD. The chipmaker has faced a decline in its stock price due to U.S. government restrictions on AI chip exports to China. These restrictions have <a href="https://www.benzinga.com/news/25/04/44900227/amd-stock-drops-amid-ai-chip-export-ban-whats-going-on">sparked worries</a> about geopolitical risks and supply chain disruptions. For the day, AMD shares closed at $86.26. The Ark purchase was valued at $2.14 million.
The Airbnb Trade
ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) and ARK Next Generation Internet ETF (BATS: ARKW) funds collectively bought 80,361 shares of Airbnb. On Tuesday, the shares closed at $114.91, valuing the Ark purchase at $9.23 million. The company has been experiencing <a href="https://www.benzinga.com/general/market-summary/25/02/43722350/airbnb-crushes-q4-estimates-as-classic-hotel-users-flock-to-short-term-rentals-heres-whats-driving-the-surge-in-nights-and-experiences">robust growth</a>, as it surpassed fourth-quarter 2024 earnings expectations, driven by increased bookings in &#8220;nights and experiences.&#8221; The company&#8217;s CFO, Ellie Mertz, noted significant market share gains from traditional hotels. Ark&#8217;s investment aligns with Airbnb&#8217;s strong performance and its potential for continued expansion in the travel sector.
The Microsoft Trade
In a strategic move, Ark&#8217;s ARKW fund sold 26,405 shares of Microsoft valued at approximately $9.7 million based on the latest closing price of $366.82. Despite Microsoft <a href="https://www.benzinga.com/media/25/03/44515782/microsoft-halts-expansion-plans-yet-analysts-still-rank-it-among-top-investment-picks">halting expansion plans</a> for data centers, analysts still rank it among the top investment picks, as reported by Bloomberg. This decision reflects Ark&#8217;s tactical rebalancing, possibly to allocate resources to other emerging opportunities.
Other Key Trades:
<ul>
<li>Sold 268,284 shares of UiPath Inc (PATH) across ARKF and ARKW funds.</li>
<li>Sold 154,591 shares of Kratos Defense and Security Solutions Inc (KTOS) in the ARKQ fund.</li>
<li>Bought 303,603 shares of 10X Genomics Inc (TXG) in the ARKG fund.</li>
</ul>
Benzinga Edge Stock Rankings show AMD ranks in the 12th percentile when it comes to Momentum and 17th in terms of Value. How does it compare to Nvidia? Find out by <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">clicking here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="446" height="278" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22210807/Screenshot-2025-04-23-at-10.07.52.png" alt="" class="wp-image-883101" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22210807/Screenshot-2025-04-23-at-10.07.52.png 446w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22210807/Screenshot-2025-04-23-at-10.07.52-300x187.png 300w" sizes="(max-width: 446px) 100vw, 446px" /></a></figure>
Photo Courtesy: viewimage on Shutterstock.com
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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>

ABNB

ARKF

ARKQ

ARKW

MSFT

NVDA

Cathie Wood Increases Bet On Nvidia And AMD Despite China Chip Hurdles, Ark Dumps Microsoft Stock Worth $9.7 Million

<ul>
<li>Project 11 is looking to gauge the urgency of the quantum security risk to Bitcoin.</li>
<li>Millions of addresses could be at risk if quantum computers are eventually able to break Bitcoin&#8217;s cryptography.</li>
<li>Project 11&#8217;s efforts could inform a push to make the cryptocurrency network quantum-resistant.</li>
</ul>
One of the defining features of Bitcoin, the largest cryptocurrency by market capitalization, is its security. In fact, a common boast made by proponents is that the network has never been hacked.
But this celebrated security may soon be under threat—at least, that is what believers in <a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate">the fast-rising potential of quantum computing</a> have suggested.&nbsp;
How urgent is this threat? One quantum computing firm is seeking to find out through an open contest.
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<h2 class="wp-block-heading">1 BTC And More?</h2>
Project 11, a recently launched quantum computing firm, is looking to gauge the urgency of the quantum security risk to Bitcoin.
On April 16, Project 11 <a href="https://x.com/qdayclock/status/1912534686569755044?t=f7I28f8NwGYcohKIYzPQvQ&amp;s=19">disclosed</a> that it would give away 1 BTC, currently worth nearly $85,000, to any individual or team that could break the largest elliptic curve cryptographic key possible using Shor&#8217;s algorithm on a quantum computer before April 5, 2026.
Elliptic curve cryptography is an encryption system favored for its efficiency and used to secure several things, including Bitcoin wallets. Shor&#8217;s algorithm is a quantum algorithm widely believed to have the potential to break encryption systems like ECC if a large and accurate enough quantum computer is built.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
However, for the Project 11 challenge, participants won&#8217;t be taking on the 256-bit Bitcoin wallet encryption key but &#8220;a toy version.&#8221; Specifically, the firm has prepared a set of keys with varying security levels from 1 to 25 bits.
&#8220;You don&#8217;t need to break a Bitcoin key. A 3-bit key would be big news,&#8221; the firm <a href="https://www.qdayprize.org/">said</a>.
The statement comes as Project 11 asserts that no ECC key used in real-world cryptography has ever been cracked. As such, the team contended that the prize was not just 1 BTC but also a chance &#8220;to go down in cryptography history.&#8221;
<h2 class="wp-block-heading">Over $500B At Risk</h2>
Project 11 believes that <a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate">at the current pace of development</a>, quantum computers could break Bitcoin&#8217;s wallet encryption within the decade, potentially putting millions of exposed wallet keys at risk. The firm <a href="https://www.projecteleven.com/btc-at-risk">estimates</a> that these wallets hold 6 million BTC worth over $500 billion.
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As such, Project 11 could inform efforts to make Bitcoin quantum-proof by quantifying the present threat level of quantum computing to the network.&nbsp;
As recently as two weeks ago, developer Agustin Cruz <a href="https://github.com/chucrut/bips/blob/master/bip-xxxxx.md">submitted</a> a proposal to migrate the network to wallets secured by quantum-resistant cryptography. However, implementing the proposal would require a hard fork, which has historically been difficult to reach a consensus on.
In the meantime, to mitigate potential risks from quantum computing, Project 11 advises Bitcoin holders to move their assets to newly generated addresses that have not been exposed online.
However, Bitcoin would not be the only system at risk if a practical quantum computer were developed. With the ability to hack almost any system, the global financial system would be there for the taking.
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Image: Shutterstock

How Urgent Is The Quantum Computing Risk Facing Bitcoin? One Team Is Putting 1 BTC Up For Grabs To Find Out

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk said Tuesday that he will spend less time at the Department of Government Efficiency. 
What Happened: At the company&#8217;s first-quarter earnings call, Musk shared plans to reduce his involvement in government roles starting in May. He noted that the establishment of the DOGE department is nearly complete, allowing him to focus more on Tesla.
&#8220;I do think there's you know, the the the large slug of work necessary to get the votes team in place and working in the government to get the financial house in order is mostly done,&#8221; said the entrepreneur.
However, Musk said that he will have to keep &#8220;continuing doing it&#8221; for the rest of President Donald Trump&#8217;s term to &#8220;make sure that the waste and fraud that we stop does not come roaring back.&#8221;
He said that he&#8217;ll continue to spend a &#8220;day or two per week&#8221; on government matters as long as Trump would like him to do so or it is useful.
Musk reassured investors that Tesla has weathered numerous crises, including several near-death experiences, but emphasized that the current situation is not one of those critical times.
See Also: <a href="https://benzinga.com/25/04/44913967/trumps-bowling-ball-tale-bounces-back-japan-refutes-presidents-car-safety-test-claims" target="_blank" rel="noreferrer noopener">Trump&#8217;s Bowling Ball Tale Bounces Back, Japan Refutes President&#8217;s Car Safety Test Claims</a>
Why It Matters: The context surrounding Musk&#8217;s decision to step back from government roles is crucial. On Sunday, Wedbush analyst Dan Ives suggested that Musk should <a href="https://www.benzinga.com/25/04/44891383/elon-musk-needs-to-leave-the-government-and-get-back-to-being-ceo-of-tesla-says-dan-ives-ahead-of-q1-earnings">prioritize his role</a> as CEO of Tesla, highlighting the importance of his involvement in the company. Ives, known for his bullish stance on Tesla, had previously lowered his price target on the stock, citing concerns over Musk&#8217;s government commitments. 
Further, on Tuesday, Ives flagged <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44933432/tesla-in-code-red-situation-as-analyst-flags-6-threats-tied-to-musks-government-role">six threats</a> tied to Musk&#8217;s government role, describing Tesla&#8217;s situation as &#8220;code red.&#8221; Analysts were concerned about the potential impact of Musk&#8217;s divided attention on the company&#8217;s performance. 
Additionally, Tesla&#8217;s first-quarter earnings report <a href="https://www.benzinga.com/25/04/44937440/tesla-q1-earnings-highlights-revenue-miss-eps-miss-tariff-landscape-and-changing-political-sentiment-cloud-guidance">highlighted a revenue and EPS miss</a>, with external factors like the &#8220;tariff landscape&#8221; and &#8220;changing political sentiment&#8221; affecting guidance. First-quarter revenue came in at $19.34 billion, down 9% on a year-over-year basis, below the consensus estimate of $21.35 billion.
Benzinga Edge Stock Rankings indicate Tesla has Value in the 13th percentile and Growth in the 67th percentile. How do other EV rivals compare? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check that out here</a>. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="446" height="280" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22202625/Screenshot-2025-04-23-at-9.26.08.png" alt="" class="wp-image-883083" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22202625/Screenshot-2025-04-23-at-9.26.08.png 446w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22202625/Screenshot-2025-04-23-at-9.26.08-300x188.png 300w" sizes="(max-width: 446px) 100vw, 446px" /></a></figure>
Photo Courtesy: Shutterstock/Joshua Sukoff
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</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>

Earnings

General

Elon Musk Says He'll Only Spend 'Day Or Two Per Week' On Government Matters To Ensure Fraud 'Does Not Come Roaring Back': CEO's Focus To Shift To Tesla Beginning May

<a href="https://www.benzinga.com/real-estate/24/11/41876775/u-s-homebuyers-are-now-56-on-average-as-younger-generations-struggle-with-wildly-unaffordable-market-housing-expert-warns">Housing is unaffordable</a>. Essentials cost more than ever. And despite working full time — sometimes more — millions of Americans still feel like they're one flat tire away from financial disaster.
Warren Buffett talked about this exact problem 10 years ago. Not as a warning about what might happen — but as a plain description of what already was.
"There's been millions that have lived the dream," he said during a <a href="https://youtu.be/353OLA_VOFw?si=eigJ84g015jloCn6">2015 interview with PBS NewsHour</a>. "But there's been an American nightmare that has accompanied that."
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Buffett wasn't describing people who gave up or checked out. He was talking about the ones who did everything society told them to do and still couldn't get ahead.
"That's where people that equally have <a href="https://www.benzinga.com/25/04/44855242/charlie-munger-once-highlighted-how-warren-buffetts-lifelong-learning-made-berkshire-hathaways-success-possible-and-the-crucial-lesson-you-can-take-from-it">tried to get education</a> and worked hard and had good habits have found themselves living a life that's been on the edge throughout their entire lives — and the same for their children."
It was an election year, and Buffett said he wanted candidates to address it — not in theory, but in concrete action.
"I would like to hear any candidate say they felt about that and what they intended to do about it. It's got to be a big issue."
In Buffett's view, one of the best tools wasn't a minimum wage hike. It was the Earned Income Tax Credit, a benefit that boosts pay for low- to moderate-income workers through the tax system.
"I think the Earned Income Credit is by far the most useful tool to really minimize poverty in this country," he said. "It does not interfere with the market system, and it could be geared in various ways to reward work."
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His logic was simple: if someone's working a full-time job, they shouldn't be living in poverty. The EITC, he believed, was the best way to ensure they wouldn't — without putting pressure on employers to solve it alone.
"You want people to feel good about what they do in life," Buffett said. A "reasonable job," paired with a substantial tax credit, was the combination he backed.
He also pointed out that economic mobility doesn't start in adulthood. According to him, it starts in preschool. "In many cases, people don't have a fair shot by the time they're four or five years old."
At the time, he called <a href="https://www.benzinga.com/startups/25/01/43101102/elon-musk-the-richest-man-in-the-world-is-estimated-to-earn-over-23-million-every-single-hour-of-the-day-heres-how-hes-spending-it">the wealth imbalance</a> "out of whack." While the Forbes 400 had seen their collective net worth surge by 2,300% since the 1980s, Buffett noted that the bottom 20% of Americans had barely seen income grow at all — less than 1%.
"You expect unequal results in a market economy, <a href="https://www.benzinga.com/personal-finance/25/04/44659151/bill-and-melinda-gates-agreed-its-not-fair-we-have-so-much-wealth-and-say-their-money-opens-doors-most-people-will-never-get-through">very unequal</a>," he said. "But you really shouldn't have an economy with over $50,000 in GDP per person and have lots of people living in poverty who are willing to work. I mean, that does not make sense."&nbsp;
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A decade later, it still doesn't. GDP per capita is pushing $90,000 and yet, the bottom half of Americans still hold just 2.5% of the country's wealth.
Despite the passage of time, the central issue Buffett laid out remains largely untouched. The tax credit he described as "by far the most useful tool" continues to fly under the radar, while the structural problems he highlighted — from wages to early childhood gaps — still show up in headlines and household budgets.
The nightmare didn't disappear. If anything, people just stopped calling it that out loud.
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Warren Buffett Says Millions Are Trapped Living An 'American Nightmare' — But Proposes A Tool 'Far More Useful' Than Raising Minimum Wage

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

KWESW

First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) has outperformed the market over the past 5 years by 24.63% on an annualized basis producing an average annual return of 37.56%. Currently, First Citizens BancShares has a market capitalization of $23.47 billion. 
Buying $1000 In FCNCA: If an investor had bought $1000 of FCNCA stock 5 years ago, it would be worth $5,185.91 today based on a price of $1734.53 for FCNCA at the time of writing.
<h3>First Citizens BancShares's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745364614_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

FCNCA

$1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares are climbing in after-hours trading Tuesday despite the missing earnings estimates for the first quarter. CEO Elon Musk boosted investor sentiment with some announcements during the company&#8217;s conference call <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">following the print. </a>
What To Know: Tesla reported first-quarter revenue of $19.34 billion, missing a Street consensus estimate of $21.35 billion, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>. 
Tesla&#8217;s first-quarter earnings were 27 cents per share, down 40% year-over-year and missing a Street consensus estimate of 31 cents per share.
Read Next:<a href="https://www.benzinga.com/general/health-care/25/04/44869920/unitedhealth-ceo-says-high-cost-of-us-health-care-simply-not-sustainable"> UnitedHealth CEO Says High Cost Of US Health Care &#8216;Simply Not Sustainable&#8217;</a>
Benzinga users correctly predicted Tesla would miss consensus estimates in the first quarter in a poll conducted before the print.
The poll results were:
<ul>
<li>Miss: 68%</li>
<li>Beat: 19%</li>
<li>Inline: 11%</li>
</ul>
Benzinga Pro users also predicted some major announcements from Musk on the earnings call, including a reduction in the CEO&#8217;s time spent working at the Department of Government Efficiency. 
User PrudentOpportunity29 posted a prediction in the Benzinga Pro Lounge at 4:05 p.m. ET that Musk would announce an exit from DOGE and would pump the Robotaxi approval. 
The user was on point with both statements: Musk announced he will be spending far less time at DOGE beginning next month and the Austin robotaxi launch remains on schedule for June 2025.
TSLA Price Action: According to data from Benzinga Pro, Tesla stock was up 5.62% at $51.35 after-hours at the time of publication Tuesday.
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Photo: Shutterstock

Management

After-Hours Center

Movers

Benzinga Readers' Predictions For Tesla Q1 Earnings Results, Musk's Announcements

Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) has outperformed the market over the past 15 years by 5.39% on an annualized basis producing an average annual return of 15.8%. Currently, Advanced Micro Devices has a market capitalization of $143.62 billion. 
Buying $100 In AMD: If an investor had bought $100 of AMD stock 15 years ago, it would be worth $900.42 today based on a price of $88.40 for AMD at the time of writing.
<h3>Advanced Micro Devices's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745363719_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Advanced Micro Devices 15 Years Ago Would Be Worth This Much Today

U.S. health officials announced Tuesday that the Food and Drug Administration will phase out petroleum-based synthetic food dyes by the end of 2026 in a major shift for <a href="https://www.benzinga.com/government/regulations/25/01/43011207/fda-bans-red-dye-no-3-effective-january-2027-cites-cancer-risks-food-stocks-to-watch">the nation's food industry.</a>
"For the last 50 years, we have been running one of the largest uncontrolled scientific experiments in the world on our nation's children without their consent," FDA Commissioner Marty Makary said at a news conference.
Read Next: <a href="https://www.benzinga.com/25/04/44935272/tesla-reports-q1-after-the-bell-68-expect-the-company-to-miss-analysts-estimates">Will Tesla Beat The Street? 68% Expect Something Markets May Not Be Ready For</a>
Artificial color additives such as Red 40, Yellow 5 and Blue 1 are used to give products like cereals, chips and sports drinks their vivid colors, but concerns about their safety have been growing for years. Health advocates have cited research linking these dyes to hyperactivity and other neurobehavioral issues in children, though the FDA maintains most children do not experience adverse effects from consuming them.
The new regulations will require major food manufacturers like PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) and Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) to reformulate products and transition to natural color alternatives. 
Industry representatives have argued that there is insufficient evidence to justify a ban, but the FDA is moving forward with a national standard and clear timeline for the transition.
The eight synthetic dyes targeted for elimination include Red No. 40, Red No. 3, Yellow No. 5, Yellow No. 6, Blue No. 1, Blue No. 2, Green No. 3, and possibly Orange B or Citrus Red No. 2. Red No. 3, already linked to cancer in laboratory animals, was previously scheduled for a federal ban by January 2027.&nbsp;
The FDA is also expected to authorize additional natural color additives and accelerate the review of others to support the industry's transition.
"For companies that are currently using petroleum-based red dye, try watermelon juice or beet juice. For companies currently combining petroleum-based yellow chemical and red dyes together, try carrot juice," Makary said. 
Health and Human Services Secretary Robert F. Kennedy Jr., who oversees the FDA, has made eliminating artificial dyes a priority, citing the need to address chronic disease and improve children's health as part of his "Make America Healthy Again" campaign.
"We are betraying our children by letting these industries poison them,&#8221; Kennedy said at a Trump campaign rally in November 2024.&nbsp;
General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) may have seen the ban coming as the mega-manufacturer of processed foods released a statement last November after President Donald Trump announced Kennedy as his choice for the position  
&#8220;Because this is always an evolving space, we work in close partnership with policymakers on this issue,&#8221; General Mills said in the statement. &#8220;We will engage with federal regulators as they consider any additional changes they may propose.&#8221;
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Photo: Shutterstock

Government

Regulations

Politics

RFK Jr. Will Phase Out Artificial Food Dyes By End Of 2026: What It Means For Pepsi, Coca-Cola, General Mills

Guy Fieri isn't handing out slices of his Flavortown fortune without a side of hard work and higher education.
In a <a href="https://www.foxnews.com/video/6342922469112">2023 interview with Fox News Digital</a>, the Food Network star made it clear that his sons won't be cruising into generational wealth just because dad built a nine-figure empire. "I told them the same thing my dad told me," Fieri said. "‘When I die, you can expect that I am going to die broke and you're going to be paying for the funeral.' And I told my boys, none of this that I've been building are you going to get, unless you come and take it from me."
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At 57, Fieri has built one of the most successful brands in food television history — from "Diners, Drive-Ins and Dives" to multi-million-dollar endorsement deals and restaurant chains. His estimated net worth in 2025 sits at $100 million. But his kids? They're on their own unless they bring more than just good taste to the table.
And in true Guy fashion, he's borrowing a quote from another larger-than-life personality: Shaquille O'Neal.
"My son is a senior in high school getting ready to graduate," Fieri told Fox. "And he's like, ‘Dad, this is so unfair. I haven't even gone to college yet and you're already pushing that I gotta get an MBA.' He says, ‘Can I just get through college?' And I'm like — hey, Shaq said it best. Shaq said it about his kids one time, ‘If you want any of this cheese, <a href="https://www.benzinga.com/personal-finance/24/08/40658562/nba-legend-shaq-tells-his-kids-in-order-to-get-my-cheese-you-have-to-present-me-with-two-degrees">you got to get two degrees</a>.' Well, my two degrees mean postgraduate. So they're on their way."
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Shaq, now 53, has said in multiple interviews that his children won't see a dime unless they bring him at least two college degrees, and sometimes he raises the bar to three. "We ain't rich — I'm rich," <a href="https://www.benzinga.com/personal-finance/24/09/40943843/we-aint-rich-im-rich-nba-legend-shaq-says-his-daughters-and-sons-dont-get-equal-treatment-my-boy">he famously told them</a>. And in 2025, it's clear more celebrity parents are taking the same stance.
Fieri's nephew is studying entertainment law, aiming to become a big-time agent. His older son, Hunter, is working toward his MBA. Meanwhile, his younger son, Ryder, has already been warned: this won't be a free ride.
The approach reflects a generational shift — or maybe a generational speed bump. While millennials and Gen Z are <a href="https://www.benzinga.com/personal-finance/financial-advisors/24/10/41418601/great-wealth-transfer-poses-both-risks-and-opportunities-for-financial-adviso">poised to inherit as much as $84 trillion</a> over the coming decades in what's being called the "Great Wealth Transfer," not all parents are writing blank checks. Instead, some are setting conditions, demanding proof of ambition, education, or real-world hustle before they pass the torch (or the trust).
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For Fieri, the goal isn't to be cold — it's to prepare. "You've got to go stake your claim and go figure out what you're going to do," he said. His message to his kids is simple: the money's real, but so is the expectation.
In an age where "nepo baby" talk dominates headlines, Fieri and Shaq are flipping the script. The cheese may be in the fridge — but the door only opens if you bring degrees.
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Food Network Star Guy Fieri's $100 Million Fortune Comes With Shaq-Inspired Rule For His Sons: 'If You Want This Cheese, You Got to Get Two Degrees'

Carrier Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) has outperformed the market over the past 5 years by 15.83% on an annualized basis producing an average annual return of 28.76%. Currently, Carrier Global has a market capitalization of $51.38 billion. 
Buying $100 In CARR: If an investor had bought $100 of CARR stock 5 years ago, it would be worth $365.97 today based on a price of $59.47 for CARR at the time of writing.
<h3>Carrier Global's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745361911_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CARR

Here's How Much $100 Invested In Carrier Global 5 Years Ago Would Be Worth Today

For several years, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has been working on construction and plans for a California charging station that will house a diner and <a href="https://www.benzinga.com/news/24/03/37465922/teslas-la-supercharger-installs-first-movie-screen-for-drive-in-will-doge-payments-be-accepted">movie drive-in screen. </a>
Plans for that Supercharger location could be nearing completion, according to a new report.
What Happened: Tesla's <a href="https://www.benzinga.com/markets/cryptocurrency/22/02/25754907/tesla-restaurant-and-drive-in-theater-planned-for-q2-in-hollywood-and-could-accept-dogecoi">plans to have a diner </a>at its California Supercharger location could date back to trademarks filed several years ago for restaurant options at charging stations.
The company ended the fourth quarter with nearly 7,000 Supercharger locations and while some feature unique items like pools and food options, many are simply a place to charge electric vehicles.
The Hollywood Tesla Diner location could be close to opening, according to pictures shared on X by <a href="https://x.com/BLKMDL3/status/1914144046601347352">BLKMDL3 </a>and a report from <a href="https://www.teslarati.com/teslas-hollywood-diner-is-finally-getting-close-to-opening/">Teslarati</a>.
According to the report, the Supercharger location has a fully paved parking lot and the superchargers are now lit up.
Tesla began construction on the project in 2023 and its progress has taken longer than most Tesla Superchargers given the scope of the project and added amenities.
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What's Next: Tesla has not shared a date for the opening of the California Supercharger location to date.
With a diner and drive-in movie theater, the location is likely to attract Tesla fans from around the world along with the loyal California Tesla owners.
Previous reports showed the diner could be connected to the Tesla mobile app, allowing a range of payment options. Tesla CEO Elon Musk also previously said that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) would be accepted as a payment option at the diner, but that remains to be seen if it ends up true.
Musk's original vision for the Supercharger location was unveiled on social media in 2018 when he said it would house a 1950s-style diner with waiters on roller skates and a drive-in theater with screens showing scenes from the great movies.
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Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) built an empire on magic — but Charlie Munger wasn't buying any of it.
In what turned out to be one of his final public interviews before his death in 2023, the longtime Berkshire Hathaway vice chair took a hard-nosed look at the entertainment giant during the <a href="https://youtu.be/0S_ex0_gL5g?si=QnGchMcEXS3afWX9">Daily Journal Corp.'s annual Q&amp;A session</a> — the same forum where Munger famously spoke off-the-cuff with brutal clarity.
He was asked whether <a href="https://www.benzinga.com/insights/options/25/04/44797845/looking-at-walt-disneys-recent-unusual-options-activity">Disney was still a good investment</a>.
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His response? First came the correction: "We've never owned Disney shares," Munger clarified.
CNBC's Becky Quick, who was moderating the session, responded, "That's my mistake."
But then Munger leaned in. "Disney is an interesting case. Practically every business that Disney has has gotten tougher than it used to be," he said. "Again — welcome to human life."
For Munger, Disney's problems weren't subtle. They were structural. He described the company's golden era with reverence — calling ESPN a "total gold mine" and reminding listeners that "The Lion King" once dominated Broadway.
"Disney once owned the world," he said.
Now? He said nearly every part of the company — from streaming to sports — is struggling. "How would you like running the sports, ESPN, now at Disney compared to its heyday? It's going to be way harder for them."
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Then came the line that caught the most attention: "Movies look to me like it's going to be a bloodbath."
That wasn't hyperbole. It was Munger's long-held belief. Despite Berkshire's investment in Paramount, he admitted he'd avoided the movie industry entirely. "I've never made an investment in a movie business in any way, shape, or form. It always gives me the willies," he said. "I don't like the unions. I don't like the crazy agents. I don't like the goddamn crazy lawyers. I don't like the crazy movie stars."
That, in a nutshell, was Charlie Munger: <a href="https://www.benzinga.com/personal-finance/25/03/44438885/charlie-munger-told-a-20-year-old-that-getting-rich-through-investing-is-damn-near-impossible-and-you-might-need-10-million-in-the-bank">blunt, sharp, and completely </a>unmoved by Hollywood glamour.
"It may be a good place to make a living as an actor or writer," he added, "but it's a hard place to <a href="https://www.benzinga.com/personal-finance/25/03/44438885/charlie-munger-told-a-20-year-old-that-getting-rich-through-investing-is-damn-near-impossible-and-you-might-need-10-million-in-the-bank">make money if you're an investor.</a>"
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That skepticism hasn't looked so far off. As of this month, Disney's stock sits at $84.81 — down roughly 24% from just a year ago. And over the past five years, it's fallen nearly 60% from its 2021 peak of $199.45. While analysts still see long-term potential, the reality is clear: this isn't the Disney of the glory days.
In the end, Munger's message wasn't just about Disney — it was about investing in a world that doesn't stay easy forever. "They went from triumphs around — marching, marching, marching," he said. "All of a sudden, on practically every front, it's more difficult."
Then he shrugged: "<a href="https://www.benzinga.com/personal-finance/25/04/44723566/charlie-munger-gave-his-no-1-tip-for-a-long-and-happy-life-avoid-crazy-at-all-costs-but-watch-out-crazy-is-way-more-common-than-you-think">Welcome to human life</a>."
And with that, the 99-year-old investor said more in a few minutes than most analysts write in a dozen reports.
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Charlie Munger Was Asked If Disney Was Still a Good Investment: 'They Once Owned the World, Now It's a Bloodbath — Welcome to Human Life'

Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) has outperformed the market over the past 20 years by 4.61% on an annualized basis producing an average annual return of 12.48%. Currently, Norfolk Southern has a market capitalization of $49.91 billion. 
Buying $100 In NSC: If an investor had bought $100 of NSC stock 20 years ago, it would be worth $1,042.32 today based on a price of $220.60 for NSC at the time of writing.
<h3>Norfolk Southern's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745361016_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Norfolk Southern 20 Years Ago Would Be Worth Today

Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) reported first-quarter financial results after the market close on Tuesday. Here&#8217;s a look at the key details <a href="https://www.benzinga.com/pressreleases/25/04/n44937297/steel-dynamics-reports-first-quarter-2025-results">from the print</a>.
<ul>
<li>Q1 Revenue: $4.37 billion, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $4.2 billion</li>
</ul>
<ul>
<li>Q1 EPS: $1.44, versus estimates of $1.38</li>
</ul>
Steel Dynamics shipped 3.5 million tons of steel during the first quarter and generated $230 million of operating income from its steel operations. The company reported $153 million in cash flow from operations, which was reduced by annual companywide retirement profit-sharing distributions of $165 million.
The company&#8217;s average external product selling price for steel operations decreased $13 sequentially to $998 per ton. Steel Dynamics noted that flat-rolled steel pricing rebounded from recent lows. Steel demand in the quarter was led by the energy, non-residential construction, automotive and industrial sectors.
Steel Dynamics repurchased $250 million worth of its common stock in the quarter and ended the period with total liquidity of $2.6 billion.
&#8220;Underlying steel demand improved in the&nbsp;first quarter&nbsp;as customer orders rebounded and backlogs increased throughout the quarter at our steel and steel fabrication operations. Steel prices improved throughout the quarter from the lows seen in the second half of 2024 as trade actions have seen imports decline from recent highs,&#8221; said Mark Millett, chairman and CEO of Steel Dynamics.&nbsp;
&#8220;We should see the benefit from these higher steel prices in the coming months, as lagging flat-rolled steel contracts roll. In combination with our ongoing value-added flat-rolled steel and aluminum expansion initiatives, there are firm drivers in place for our continued growth.&#8221;
Outlook: Steel Dynamics expects domestic steel consumption to be &#8220;solid&#8221; throughout 2025 and in the coming years. The company noted that it has seen some &#8220;uncertainty&#8221; from customers related to recent trade tensions. 
Despite the uncertainty from customers, Steel Dynamics expects demand for lower-carbon emission, U.S.-produced steel products combined with lower imports to support steel pricing and demand.
STLD Price Action: S<a href="http://benzinga.com/quote/stld">teel Dynamics shares</a> closed Tuesday up 3.38% at $117.39; after-hours, shares were up 1.80% at $119.50 at the time of publication, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: <a href="https://www.shutterstock.com/g/Chawranphoto">Chawranphoto</a>/Shutterstock.

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Steel Dynamics Reports Q1 Earnings: Revenue Beat, EPS Beat, Improving Demand Drives 'Solid' Steel Consumption Forecast

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