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Tesla, Inc. (TSLA.VI)
- Yahoo Finance Video
Tesla stock: Why one investor is still shorting the EV maker
Tesla (TSLA) stock soared last week, seeing its biggest one-day gain of 2024 after the company announced it would accelerate the launch of a more affordable vehicle. But not everyone is bullish on Tesla. Bireme Capital Co-founder and Chief Investment Officer Evan Tindell joins Catalysts to talk about why he has taken a short position on the electric vehicle pioneer. "We could easily see Tesla dropping 50%," he explains, citing the loss of market share as electric vehicle competition heats up among auto manufacturers. He also points to self-driving capabilities and robotaxi promises that continue to be pushed off by CEO Elon Musk have soured his outlook on Tesla stock. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Barrons.com
Luminar Lays Off 20% of Its Workforce
Luminar Technologies is laying off 20% of its workforce, according to a company memo reviewed by Barron’s. “We stand at the crossroads of two realities: the core of our business has never been stronger across technology, product, industrialization, and commercialization; yet at the same time, the capital markets perception of our company has never been more challenging,” reads part of the company-wide communication from CEO Austin Russell. “These kinds of decisions are never easy, and we’re taking steps to provide significant support for our exiting employees,” added Russell.
- Benzinga
Lex Fridman Wowed By Boston Dynamics' New Robotic Innovation, Compares Its Atlas Robot to Tesla's Optimus and Can't Wait to 'Hang Out'
Lex Fridman, an accomplished AI researcher, MIT scientist and influential podcast host, is known to be well-informed regarding the most cutting-edge technological innovations. Given he's interviewed a wide range of experts at the top of their fields, including Elon Musk, Jeff Bezos and Mr. Beast, it can be hard to impress him. However, Boston Dynamics' Atlas Robot did just that, with Mr. Fridman posting on X "Congrats to Boston Dynamics on their new electric version of Atlas robot. Thanks to all
