Elon Musk launches his next project, an AI startup

Elon, as of July he is about to become the richest man on the planet again, is launching his next startup xAI. Next, we'll do a recap of his ventures.

Tesla $TSLA Earnings per share (non-GAAP): $0.91 vs. $0.80 estimate. EPS (GAAP): $0.78 vs. $0.68 estimate. Revenue: $24.97 billion vs. $24.7 billion estimate. GAAP net income: $3.14 billion. GAAP gross margin: 18.2

Tesla surges in aftermarket after the earnings announcement.

Netflix $NFLX 2Q sales of $8.19 billion, $. Estimate $8.3 billion.2Q eps $3.29. Estimate $2.85.3Q EPS...
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There will be a lot of interesting companies presenting their results this week. I'm especially looking forward to Wednesday when $TSLA $IBM $ASML $NFLX will be on. What will you be watching this week?

As I watch today, nothing much is happening yet, but the same cannot be said about the predictions and rating changes, which are literally tearing the bag today.

Let's take a look at the most interesting ones 👇

Stock Market Calendar (July 17 - July 21, 2023)
Earnings season is upon us, with quarterly economic numbers coming out in the third week of the holiday season, including $TSLA, $BAC, $NFLX and $AXP in the US. Investors will also be evaluating macro data and, on the old continent, the new economic forecast from the European Commission.

Outlook

"The coming week will belong to...
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I may not invest $TSLA in Tesla, but this is really something! Tesla has begun talks with the Indian government on an investment proposal to set up an automotive plant in the country with an annual capacity of up to 500,000 electric vehicles.

Volkswagen $VWAP.BR is in talks with Tesla $TSLA to transition to NACS.

Volkswagen Group and its brands are currently evaluating the implementation of the Tesla North American Charging Standard (NACS) for its North American customers.
Electrify America, Volkswagen's electric vehicle charging network unit, has more than 850 charging stations with approximately 4,000 chargers in...
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Somehow we're missing Tesla to the moon, Tesla to $300, etc.

The last few days I see one analyst after another downgrading Tesla $TSLA and it's no longer a clear Buy for most of them, but rather a Hold or Sell.

Shares of $F have gone up since the beginning of June. Likely due to the deal with $TSLA to co-opt Tesla Superchargers. They don't strike me as relevant EV competition yet. How do you see it?

What do you think of the (so far digital) "skirmish" between Musk and Zuckerberg?

What do you think, will there be a duel? I have a feeling that with the way $TSLA stock is prone to Musk, he should try hard to win it if he does 😅.

China on Wednesday unveiled a 520 billion yuan ($72.3 billion) package to boost electric vehicle sales! $TSLA, $GM, $F, $RIVN, $NIO, $LCID

Recently Ford, and now Rivian, made a deal with $TSLA, to charge at Tesla Superchargers. And they will also be making cars with Tesla charging ports starting in 2025.
A smart move for Tesla for me, maybe a dangerous addiction for Rivian?

Hyundai is next considering joining Tesla's North American Charging Standards Alliance $TSLA. My guess is that every EV manufacturer with any sense will end up in that alliance sooner or later.

The luxury fashion sector anticipates further growth in 2023, with reports projecting a 5-10% expansion by year-end. Factors contributing to this growth include increased disposable income among luxury consumers and an even more significant shift towards online shopping.

The American luxury goods market leads in annual revenue, accumulating approximately 65 billion U.S. dollars...
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AI! The most talked about topic in the investment world lately. We had a crazy tech rally during covid. When the pandemic ended, inflation and interest rates rose and the tech. mega rally was extinguished.

Now we have a new rally!
ChatGPT has left investors feeling exuberant. And a new rally is in full swing as all sorts of future AI opportunities are priced in.
That's why I've...
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