After Wall Street balked at Tesla’s highly-anticipated robotaxi unveiling, CNBC’s Jim Cramer told investors not to make any moves on the stock. While he said he wouldn’t recommend buying Tesla after Thursday night’s event flopped, Cramer discouraged shorting the stock, saying it’s “dangerous to bet against” CEO Elon Musk.”Even though Tesla’s robotaxi event was gorgeous, we didn’t get enough detail to justify treating this company like an autonomous driving business rather than an electric vehicle maker,” he said. “So, for now, I recommend taking a page from Switzerland and staying on the sidelines with this one.”Tesla needed a win on…
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By Chris Kirkham LOS ANGELES (Reuters) -For a businessman who perpetually struggles with broken promises, Elon Musk gave himself quite a to-do list Thursday night at Tesla (NASDAQ:)’s long-awaited Hollywood unveiling of its driverless robotaxis. His slew of announcements during a 20-minute presentation were short on practical details, which pushed the stock to close nearly 9% lower at $217.80 on Friday. After traversing the fake streets of the Warner Bros movie studio set in a sleek, silver two-door “Cybercab” prototype, he promised that the company’s popular Model 3 and Model Y vehicles would be able to operate without driver supervision…
The Dubai Police Force’s fleet has recently expanded to include the luxurious Lucid Air Grand Touring. Now adorned in the iconic green and white police livery, the electric vehicle joins a collection of the most extravagant and powerful cars. This isn’t just for show, though. In a city known for its opulence and high performance vehicles, the Dubai Police must have the tools to match. The Lucid Air, with its impressive range, is a valuable addition to their arsenal. Unlike some of the other high-performance vehicles in their fleet, which may have limited range or require frequent refueling, the Lucid…
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important?Let’s take a look at what these Wall Street heavyweights have to say about Netflix (NFLX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Netflix currently has an average brokerage recommendation (ABR) of 1.89, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made…
Alfa Romeo is making a grand return to the Paris automotive show after a lengthy absence. The Italian automaker will showcase its entire lineup at a stunningly designed stand, featuring a multisensory experience that celebrates Italian craftsmanship and excellence. Among the highlights are the world premieres of the new Alfa Junior Ibrida and the all electric Veloce flagship version. The brand has collaborated with renowned Italian brands like Alcantara, ART, Lavazza, Magna Pars, Poltrona Frau, and Schedoni to create a unique “Bottega” exhibition area. This immersive experience will draw attention to the Alfa Romeo Junior, a quirky subcompact crossover SUV…
Investing.com – U.K. stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in London, the rose 0.18%. The best performers of the session on the were DS Smith PLC (LON:), which rose 2.45% or 11.20 points to trade at 468.00 at the close. Meanwhile, Vistry Group PLC (LON:) added 2.44% or 22.00 points to end at 923.00 and Mondi PLC (LON:) was up 2.30% or 33.00 points to 1,467.50 in late trade. The worst performers of the session were J Sainsbury PLC (LON:), which fell 5.90% or 17.00…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration said on Friday it had approved the return to flight of the SpaceX Falcon 9 vehicle after it reviewed and accepted the SpaceX-led investigation findings and corrective actions for the mishap that occurred Sept. 28. The FAA on Sept. 30 said SpaceX had to investigate why the second stage of its Falcon 9 malfunctioned after a NASA astronaut mission, grounding the launch vehicle for the third time in three months. The malfunction caused the booster to fall into a region of the Pacific Ocean outside of the designated safety zone…
Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes.New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees.The company has about 170,000 employees worldwide, many of them working in manufacturing facilities in the states of Washington and South Carolina.Boeing had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs.The company will…
Jeep is poised to redefine the compact SUV segment with the upcoming launch of its new generation Compass. Building upon the legacy of its predecessors, this innovative model is set to deliver an exceptional blend of off-road capability, advanced technology, and stylish design. As part of Stellantis’ global electrification initiative, the 2026 or 2027 Compass will also offer electrified options, ensuring that Jeep remains at the forefront of sustainable mobility. With its rich heritage dating back over 80 years, Jeep has established itself as a pioneer in the SUV market. The Compass, as a cornerstone of Jeep’s lineup, has consistently…
By Supantha Mukherjee STOCKHOLM (Reuters) -Meta Platforms said on Friday it had removed a network of group accounts targeting Russian-speakers in Moldova ahead of the country’s Oct. 20 election, for violation of the company’s policy on fake accounts. Authorities in Moldova, an ex-Soviet state lying between Romania and Ukraine, said they had blocked dozens of Telegram channels and chat bots linked to a drive to pay voters to cast “no” ballots in a referendum on EU membership held alongside the presidential election. Pro-European President Maia Sandu is seeking a second term in the election and called the referendum on joining…