Tesla's Fancy Data And Computing Claims Likely Will Not Impress Investors: Gary Black Highlights Drastic Jump In EV Disengagement Rates And Missing Robotaxi Details As Key Question
The Future Fund LLC Managing Partner Gary Black anticipates Tesla Inc.‘s TSLA upcoming earnings call will face scrutiny over several critical business segments, particularly the company’s autonomous driving capabilities and vehicle profitability targets.
What Happened: Black, writing on social media platform X, suggested Tesla management is unlikely to discuss details of its planned $25,000-$30,000 compact vehicle during the call, citing potential impact on Model 3 sales. Management “has been clear that earnings calls are not the appropriate place to discuss new product launches,” Black noted.
The analyst highlighted pressing questions about Tesla’s autonomous driving progress, specifically the gap between current performance and regulatory requirements.
How does Tesla “go from 300 miles per disengagement today to the 17,000 miles per disengagement likely needed by regulators to approve a robotaxi deployment license?” Black wrote, adding that management needs to provide substantive support beyond citing fleet size, data, and computing capabilities.
Cybertruck profitability remains another key focus area, with investors seeking clarity on potential losses from the approximately 13,500 deliveries in the third quarter and the timeline for reaching breakeven status by year-end.
Black also emphasized Tesla’s significant growth potential through brand leverage, comparing it to Porsche‘s successful expansion into the SUV market. He identified several untapped market opportunities for Tesla:
- Compact vehicle segment ($25,000-$30,000 price range)
- Small pickup truck market
- Tesla Semi
- Tesla van
- Tesla Roadster
- Robotaxi services
- Robotics division
“We continue to believe the $25,000-$30,000 Tesla Compact represents the largest single value creation opportunity not currently discounted by Tesla stock,” Black concluded, while noting the robotics division’s potential remains “largely unquantifiable” pending a working prototype.
The earnings call is also expected to address questions about gross margins, financing promotions, and potential impacts of different political scenarios on Tesla’s EV policies.
Black also anticipates a question about how Tesla could fare under different political leadership, specifically if Former President Donald Trump or Vice President Kamala Harris were to become president. Investors will likely be interested in how each administration’s policies might impact Tesla’s electric vehicle strategy and growth in the U.S. market.
Why It Matters: The anticipation surrounding Tesla’s conference call comes at a time when analysts are closely examining the company’s fundamentals. Analyst Troy Teslike expects Tesla to miss consensus estimates for non-GAAP EPS, similar to previous quarters.
Meanwhile, Wedbush Securities analyst Daniel Ives maintains an optimistic outlook, reiterating an Outperform rating with a $300 price target.
Shareholders are eager for updates on Tesla’s pending promises, including timelines for upcoming products and the rollout of Full Self-Driving technology. Despite challenges, The Future Fund LLC remains optimistic about Tesla’s prospects, citing global EV adoption trends and expansion opportunities as key factors in their long position.
Price Action: Tesla stock closed at $217.97 on Tuesday, down 0.40% for the day. In after-hours trading, the stock dipped further 0.22%. Year-to-date, Tesla’s stock has dropped by 12.26%, according to data from Benzinga Pro.
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Artificial Photosynthesis Market Size Projected to Hit USD 200.4 Billion, Growing at 14.4% CAGR by 2031- Transparency Market Research Inc.
Wilmington, Delaware, United States, Transparency Market Research, Inc. , Oct. 22, 2024 (GLOBE NEWSWIRE) — The global artificial photosynthesis market (marché de la photosynthèse artificielle) is estimated to flourish at a CAGR of 14.4% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for artificial photosynthesis is estimated to reach US$ 200.4 million by the end of 2031.
Advancements in computational modeling and artificial intelligence (AI) are playing a crucial role in accelerating research and development efforts in artificial photosynthesis. Machine learning algorithms are being employed to predict optimal catalyst compositions, identify promising materials, and optimize reaction conditions, leading to faster innovation cycles and breakthrough discoveries.
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Some prominent players are as follows:
- Siemens Energy
- Panasonic Holdings Corporation
- ENGIE
- Toshiba Corporation
- FUJITSU
- Evonik
- Toyota Central R&D Labs
- Mitsubishi Chemical Corporation
- Twelve
Collaborations between academia, industry, and government organizations are fostering interdisciplinary research initiatives in the field of artificial photosynthesis. These partnerships facilitate knowledge exchange, resource sharing, and funding support, driving collaborative innovation and accelerating the commercialization of artificial photosynthesis technologies.
Increasing awareness of the potential of artificial photosynthesis in addressing global challenges, such as food security and water purification, is spurring investment and interest from diverse sectors, including agriculture, biotechnology, and water treatment. This multifaceted approach underscores the multifunctional capabilities of artificial photosynthesis beyond energy production, contributing to its continued growth and adoption in various applications.
Key Findings of the Market Report
- Hydrogen emerges as the leading product type segment in the artificial photosynthesis market due to its versatility and eco-friendly energy applications.
- Photo catalytic technology leads the artificial photosynthesis market, leveraging light to drive chemical reactions efficiently for sustainable energy production.
- Asia Pacific emerges as the leading region in the artificial photosynthesis market, driven by technological innovation, government support, and increasing environmental awareness.
Artificial Photosynthesis Market Growth Drivers & Trends
- Artificial photosynthesis offers a promising avenue for sustainable energy production, mimicking nature’s process to harness sunlight and convert it into usable energy, reducing reliance on fossil fuels.
- With its ability to capture CO2 and produce clean energy, artificial photosynthesis aligns with global efforts to combat climate change and reduce carbon emissions, offering significant environmental benefits.
- Ongoing research and technological advancements are driving the efficiency and scalability of artificial photosynthesis systems, making them increasingly viable for commercial applications across various industries.
- The growing demand for renewable energy sources presents lucrative economic opportunities in the artificial photosynthesis market, attracting investments and fostering innovation in photovoltaic technologies and catalyst development.
- Industries such as agriculture, manufacturing, and transportation are exploring the integration of artificial photosynthesis technologies to achieve carbon neutrality goals and enhance sustainability in their operations.
Global Artificial Photosynthesis Market: Regional Profile
- North America stands as a hub of technological prowess and innovation, with the United States leading the charge. Here, research institutions like the California Institute of Technology (Caltech) and Massachusetts Institute of Technology (MIT) drive significant advancements. Companies like Joule Unlimited and HyperSolar spearhead commercialization efforts, bolstered by robust government support and favorable regulatory frameworks.
- Europe, with its strong emphasis on sustainability and renewable energy, emerges as a key player in the artificial photosynthesis arena. Countries like Germany and the Netherlands invest heavily in research and development, fostering collaborations between academia and industry. Companies such as Siemens and Evonik lead the charge, leveraging cutting-edge technologies to address climate challenges and enhance energy security.
- In the Asia Pacific region, rapid industrialization and environmental concerns fuel interest in artificial photosynthesis solutions. Japan, with its focus on clean energy technologies, leads the charge. Companies like Mitsubishi Electric and Toyota Motor Corporation drive innovation, supported by government initiatives and strategic partnerships. China and South Korea emerge as significant players, investing in research and development to bolster their green energy portfolios.
Artificial Photosynthesis Market: Competitive Landscape
In the burgeoning artificial photosynthesis market, several key players vie for dominance, each bringing unique expertise and technological advancements to the table. Established giants like Siemens and Mitsubishi Electric lead the charge with extensive R&D investments and a wide array of patents. Startups such as Sun Catalytix and Joule Unlimited disrupt the landscape with agile innovation and novel approaches.
Academic institutions also contribute significantly, fostering groundbreaking research and development collaborations. With increasing focus on sustainability and renewable energy, the competitive landscape continues to evolve, creating opportunities for collaboration, consolidation, and further technological breakthroughs.
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Product Portfolio
- ENGIE offers innovative solutions in energy and services, striving for sustainable development. From renewable energy to efficient infrastructure, ENGIE pioneers in delivering smart solutions tailored to meet diverse needs.
- Fujitsu excels in providing cutting-edge technology solutions, ranging from computing to telecommunications. With a focus on innovation and reliability, Fujitsu products empower businesses to thrive in the digital era.
Artificial Photosynthesis Market: Key Segments
By Product Type
- Hydrocarbon
- Hydrogen
- Chemical
By Technology
- Nanotechnology
- Hybrid
- Electrolysis
- Photocatalytic
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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More Trending Reports by Transparency Market Research –
- Hydroelectric Cells Market– The global Hydroelectric Cells Market (Marché des cellules hydroélectriques) was valued at US$ 1.7 Bn in 2021 and it is estimated to grow at a CAGR of 6.1% from 2022 to 2031 and reach US$ 3.0 Bn by the end of 2031
- Biocompatible 3D Printing Materials Market– The global biocompatible 3D printing materials market (Marché des matériaux d’impression 3D biocompatibles) is expected to reach US$ 19.7 Bn by the end of 2031 and it is estimated to rise at a CAGR of 18.4% from 2022 to 2031
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fidelity Investments Canada ULC Announces Cash Distributions for Certain Fidelity ETFs and ETF Series of Fidelity Mutual Funds
TORONTO, Oct. 22, 2024 /CNW/ – Fidelity Investments Canada ULC today announced the October 2024 cash distributions for the Fidelity ETFs and ETF Series of the Fidelity mutual fund (the “Fidelity Fund”) listed below.
Detailed in the tables below, unitholders of record as of October 29, 2024 will receive a per-unit cash distribution payable on October 31, 2024.
|
Fidelity ETF Name |
Ticker |
Cash |
CUSIP |
ISIN |
Payment |
Exchange |
|
Fidelity Canadian High Dividend ETF |
FCCD |
0.13199 |
31608M102 |
CA31608M1023 |
Monthly |
Toronto Stock |
|
Fidelity U.S. High Dividend ETF |
FCUD/ FCUD.U |
0.08986 |
31645M107 |
CA31645M1077 |
Monthly |
Toronto Stock |
|
Fidelity U.S. High Dividend Currency Neutral ETF |
FCUH |
0.07973 |
315740100 |
CA3157401009 |
Monthly |
Toronto Stock |
|
Fidelity U.S. Dividend for Rising Rates ETF |
FCRR/ |
0.06877 |
31644M108 |
CA31644M1086 |
Monthly |
Toronto Stock |
|
Fidelity International High Dividend ETF |
FCID |
0.11247 |
31623D103 |
CA31623D1033 |
Monthly |
Toronto Stock |
|
Fidelity Systematic Canadian Bond Index ETF |
FCCB |
0.07177 |
31644F103 |
CA31644F1036 |
Monthly |
Cboe Canada |
|
Fidelity ETF Name |
Ticker |
Cash |
CUSIP |
ISIN |
Payment |
Exchange |
|
Fidelity Canadian Short Term Corporate Bond ETF |
FCSB |
0.08626 |
31608N100 |
CA31608N1006 |
Monthly |
Cboe Canada |
|
Fidelity Global Core Plus Bond ETF |
FCGB/ FCGB.U |
0.08510 |
31623G106 |
CA31623G1063 |
Monthly |
Cboe Canada |
|
Fidelity Canadian Monthly High Income ETF |
FCMI |
0.05043 |
31609T106 |
CA31609T1066 |
Monthly |
Toronto Stock |
|
Fidelity Global Monthly High Income ETF |
FCGI |
0.04668 |
31623K107 |
CA31623K1075 |
Monthly |
Toronto Stock |
|
Fidelity Global Investment Grade Bond ETF |
FCIG/ FCIG.U |
0.07912 |
31624P105 |
CA31624P1053 |
Monthly |
Cboe Canada |
|
Fidelity Equity Premium Yield ETF |
FEPY/ |
0.02378 |
31613F100 |
CA31613F1009 |
Monthly |
Cboe Canada |
|
Fidelity Fund Name |
Ticker |
Cash |
CUSIP |
ISIN |
Payment |
Exchange |
|
Fidelity Tactical High Income Fund (ETF Series) |
FTHI |
0.02598 |
31642L664 |
CA31642L6641 |
Monthly |
Toronto Stock |
About Fidelity Investments Canada ULC
At Fidelity Investments Canada, our mission is to build a better future for our clients. Our diversified business serves financial advisors, wealth management firms, employers, institutions and individuals. As the marketplace evolves, we are constantly innovating and offering our clients choice of investment and wealth management products, services and technological solutions all backed by the global strength and scale of Fidelity. With assets under management of $270 billion (as at October 21, 2024), Fidelity Investments Canada is privately held and committed to helping our diverse clients meet their goals over the long term. Fidelity funds are available through financial advisors and online trading platforms.
Read a fund’s prospectus and consult your financial advisor before investing. Exchange-traded funds are not guaranteed; their values change frequently and past performance may not be repeated. Commissions, management fees, brokerage fees and expenses may all be associated with investments in exchange-traded funds and investors may experience a gain or loss.
Find us on social media @FidelityCanada
https://www.fidelity.ca
Listen to FidelityConnects on Apple or Spotify
SOURCE Fidelity Investments Canada ULC
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Arm Holdings to cancel Qualcomm chip design license, Bloomberg News reports
(Reuters) -Arm Holdings is cancelling an architectural license agreement that allows Qualcomm to use intellectual property to design chips, Bloomberg News reported on Tuesday, amid an ongoing legal battle between the two companies.
Qualcomm’s shares fell over 5% in premarket trading, while Arm’s U.S.-listed shares were down around 2%.
Arm has given Qualcomm a mandated 60-day notice of the cancellation of the licensing agreement, the report said, adding that the contract allows Qualcomm to create its own chips based on standards owned by Arm.
UK-based Arm, which is majority-owned by Japan’s SoftBank Group, sued Qualcomm in 2022 for failing to negotiate a new license after it acquired Nuvia.
Arm had previously said the current design planned for Microsoft’s Copilot+ laptops is a direct technical descendant of Nuvia’s chip and it had cancelled the license for these chips.
“This is more of the same from ARM – more unfounded threats designed to strongarm a longtime partner, interfere with our performance-leading CPUs, and increase royalty rates regardless of the broad rights under our architecture license,” a Qualcomm spokesperson said in an emailed statement.
“With a trial fast approaching in December, Arm’s desperate ploy appears to be an attempt to disrupt the legal process, and its claim for termination is completely baseless. We are confident that Qualcomm’s rights under its agreement with Arm will be affirmed. Arm’s anticompetitive conduct will not be tolerated.”
Arm declined to comment on the report.
The legal battle between the two tech giants is scheduled to begin in the federal court in Delaware in December.
An Arm victory in the litigation could force Qualcomm and its roughly 20 partners, including Microsoft, to halt shipments of the new laptops. It would also essentially unwind one of Qualcomm’s biggest strategic acquisitions in recent years.
Despite the public fight between the two companies that rely on each other for revenue and profit, some investors and analysts believe they will reach a settlement well ahead of the trial.
(Reporting by Sameer Manekar, Surbhi Misra and Jahnavi Nidumolu in Bengaluru; Editing by Alan Barona and Rashmi Aich)
Kindred's Journey Towards Zero: An increase in Q3 revenue from high-risk players
SLIEMA, Malta, Oct. 23, 2024 /PRNewswire/ — For the third quarter of 2024, Kindred’s Gross winnings revenue from high-risk players reached 3.2 per cent, an increase from the previous quarter. While it is an increase, Kindred remains fully dedicated to lowering this share of revenue and continues to see a sustainable behaviour change from players after interventions.
Kindred Group plc (Kindred) reports a slight increase in its share of revenue from high-risk players for the third quarter 2024 at 3.2 per cent (Q2 2024 3.0 per cent). The percentage of detected customers who exhibited improved behaviour after interventions showed an improvement at 87.3 per cent (compared to 86.8 per cent in Q2 2024 and 87.1 per cent in Q1 2024). The improvement underscores Kindred’s ongoing commitment to not only identifying risk behaviour but also continuously refining the interventions applied to foster safer gambling habits.
|
Global statistics from Kindred Group |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024* |
|
Share of gross winnings revenue from high-risk players |
3.3 % |
3.1 % |
3.2 % |
3.0 % |
3.2 % |
|
Improvement effect after interventions |
86.7 % |
87.4 % |
87.1 % |
86.8 % |
87.3 % |
*90 day rolling period between 19 June 2024 and 18 September 2024
“The rise in high-risk revenue presents a challenge in the third quarter, which reinforces the need for further advancements in our behavioral harm detection and automated intervention systems. Looking ahead, we recognise this need as well as to broaden our focus to ensure comprehensive coverage across more areas related to safer gambling. A key aspect of this future strategy is to build on the strengths, insights and knowledge gained from our proprietary detection system over the years,” says Esther Scheepers, Head of Responsible Gambling at Kindred Group.
“The general awareness and knowledge around gambling disorder is increasing rapidly, as is the sophistication of technological support tools. By combining our own knowledge with new and improved technology, we can enhance detection capabilities further. We are currently upgrading our detection system with a new improved system, which will enable us to integrate more robust compliance features and optimise our overall approach to safer gambling. Additionally, we are exploring opportunities to expand and refine our research initiatives, particularly in areas shaped by current trends and emerging issues in consumer protection,” ends Esther Scheepers.
In February 2021, Kindred started to communicate about its share of revenue of harmful gambling and reports this data and the improvement effect after interventions each quarter. This is a key part of Kindred’s work with fostering a factual and transparent dialogue, paving the way for a more sustainable industry.
About Kindred’s Journey towards Zero
Kindred Group is committed to transform gambling by being a trusted source of entertainment that contributes positively to society. Therefore, Kindred has set an ambition to reach zero per cent revenue from harmful gambling and to report this metric on a quarterly basis. This is done to increase transparency, to support a fact-based dialogue about harmful gambling, and to raise awareness of the Group’s sustainability work. To read more, visit: www.kindredgroup.com/zero
For more information:
Alexander Westrell, Director of Communications
press@kindredgroup.com
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SOURCE Kindred Group
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Analyst Report: Alcoa Corp
Summary
Alcoa Corp. is a global provider of bauxite, alumina, and aluminum products. The company is based in Pittsburgh and has approximately 13,600 employees in 17 countries.
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These 2 Artificial Intelligence (AI) Giants Are Trading at Record Highs. Wall Street Says Only 1 Is a Buy.
This year has been a big one for artificial intelligence (AI) stocks, with these players leading gains in the S&P 500. Investors have piled into the stocks to get in early on a big market opportunity — analysts forecast today’s $200 billion AI market will reach beyond $1 trillion later this decade. That could equal significant revenue for companies using AI as well as those that develop AI products and services.
And today, some of these AI players already are scoring big wins in terms of earnings and stock performance. In fact, two top AI companies are trading at record highs right now after climbing in the triple digits since the start of the year. These players both have reported fantastic earnings and offer solid long-term outlooks — but Wall Street says only one of them is a buy today. Let’s zoom in on each of these AI leaders.
Nvidia (NASDAQ: NVDA) has become an AI empire over the past few years, selling not only its top graphics processing units (GPUs) but also a full range of products and services to support any AI project. This has resulted in triple-digit earnings growth quarter after quarter, and growth may be far from over. For three reasons.
First, as mentioned, the AI market is soaring and should continue to grow throughout the decade, offering ongoing revenue growth opportunities to companies in the space. Second, Nvidia already is a leader with the best-performing GPUs around, and that’s led to demand for its products outpacing supply. Finally, Nvidia has pledged to update these GPUs annually, a key move that should keep it in the lead.
Nvidia shares may not be dirt cheap at 50 times forward earnings estimates, but considering the company’s growth, gross margin of more than 70%, and long-term prospects, valuation looks reasonable. Though Wall Street’s average price forecast calls for less than a 4% gain over the coming 12 months, analysts’ average recommendation is a “buy.” So, the general feeling is Nvidia is a stock to pick up today — though it may not soar tremendously in the year to come, the stock still has what it takes to roar higher over the long term.
Palantir Technologies (NYSE: PLTR) has been around for about 20 years and through most of its history, it’s been associated with government contracts. But thanks to its leap into AI, Palantir’s overall growth as well as its commercial business have taken off. For example, in the most recent quarter, Palantir reported its highest level of quarterly profit ever.
So, why are companies and governments flocking to this software company? Palantir, using AI, helps customers aggregate their data and make the best possible use of it. And this often produces game-changing results — from increased efficiency to entirely new ways of getting business or projects done.