America's Cash Bubble Set to Burst on May 1, 2024

For the first time I've ever heard of... we know the exact day (and time) a bubble is going to burst. This is insane and something we only have access to because of Jason's findings (that he's sharing with his ultra-elite clients). To find out what the cash bubble is and why you're vulnerable to it without even realizing...

The Next Big Leap in AI: "IMPERIUM"

Elon Musk Throws Shade At Henrik Fisker Over Something He Did To Tesla 15 Years Ago: 'Karma Is A ...'

Adam Eckert
September 28, 2022

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has thrown more fuel on his fiery rivalry with Fisker Inc (NYSE:FSR) CEO Henrik Fisker.

What Happened: A new Teslarati report indicated DeLorean executives are being sued by Karma for pursuing a separate venture. In response to the article, which was shared on Twitter, Musk called out the Fisker CEO for doing the same thing to Tesla 15 years ago.

"How ironic, that’s what Henrik Fisker did to Tesla in 2007! Karma is a …," Musk said Wednesday via tweet

Karma filed a lawsuit against DeLorean executives last month. The company claimed a group of former employees were told to find investors for electric vehicle development, but instead pursued outside ventures. The executives maintained they were allowed to establish a new company as needed.

Why It Matters: In 2007, Fisker was contracted by Tesla to help design the Model S, but he left the EV company to design the Fisker Karma hybrid sports vehicle shortly after collaborating with Tesla, per InsideEVs.

Tesla got rid of Fisker's work and started over when it learned that Fisker was launching a competing company. Tesla then hit Fisker with a lawsuit, claiming he stole confidential information, but Fisker won the case in arbitration.

He went on to launch Fisker Automotive before filing for bankruptcy in 2013. The company's assets were purchased by Wanxiang Group in 2014 before being renamed Karma Automotive. Fisker's design remains on the market today as the Karma GS-6.

Fifteen years after the lawsuit, tensions are still high. When Musk announced that he planned to buy Twitter Inc (NYSE:TWTR) in a $44 billion deal, Fisker deleted his Twitter account, saying he didn't want his free speech to be controlled by a competitor. 

Fisker Inc, which launched in 2016 and went public via SPAC in 2020, plans to start production of its flagship Ocean SUV in November.

Tesla delivered 254,695 vehicles in the company's most recent quarter and expects to deliver a "very high volume" of vehicles near the end of the current quarter. 

Related Link: Cathie Wood's Confidence In Tesla 'Couldn't Be Higher,' Says Elon Musk-Led Automaker Sits In 'Driver's Seat' Of EV Boom

FSR, TSLA Price Action: Fisker closed Wednesday up 1.50% at $8.10 and Tesla closed up 10.51% at $287.81.

Photo: Henrik Fisker, Fisker Inc; Elon Musk, Daniel Oberhaus, Flickr Creative Commons

Continue Reading...

Popular

Team Biden Unveils Comprehensive Policy For Federal AI Use: Here's What It Entails

The new White House policy requires federal agencies to appoint chief AI officer and is an extension of President Biden's AI executive order.

Business events scheduled for the coming month:

Business events and economic reports scheduled for the coming month:

The No. 1 Crypto for 2024 - Ad

We're entering the final crypto bull run, and 2024 will be your last chance to ever get rich from crypto. These five tiny cryptos are believed to create generational wealth over the next 12 months. $30 trillion is poised to funnel into the crypto markets thanks to a new government regulation just signed.

This Analyst Raised Robinhood's Forecast By 46% - Here's Why

Keybanc analyst maintained Robinhood with Overweight rating, raised price target from $15 to $22. Revised estimates for fiscal 2024 and 2025.

Regime Change At Federal Reserve? - Ad

The Fed just began the rollout of a new technology that'll "shake the US financial system". It'll likely go down in history as the biggest change to money since Western Union launched its "lightning lines" in the early days of the telegraph.

Bank Of America Bullish On AI: Spotlights Top Supply Chain Stocks To Watch

Bank of America has identified key global stocks along the AI supply chain, including several Nvidia suppliers, that are poised to benefit from the AI boom.

The No. 1 Crypto for 2024 - Ad

It's expected to soar 20X bigger than Bitcoin.

These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Glen Taylor announces that Timberwolves are no longer for sale. Deal with A-Rod, Lore not completed

MINNEAPOLIS (AP) — The Minnesota Timberwolves will evidently remain in the control of owner Glen Taylor, after he announced Thursday that a deal where Marc Lore and Alex Rodriguez would have acquired the controlling stake in the team has expired.

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Financial Crimes Weekly: Insider Trading At Arista, Del Taco; KuCoin In Civil Action Suit

Andreas Bechtolsheim, founder of Arista Networks, settled insider trading charges for $1M. SEC alleged he traded on info about Acacia's takeover.

Jim Cramer Reveals Nvidia's Non-Tech Partners That Can Be Potential Market Winner: 'Best Opportunities'

CNBC host Jim Cramer has spotlighted several lesser-known partners of Nvidia that could potentially benefit from the company's advanced artificial intelligence technology.

Put $20 in This Coin Before April 19, 2024 - Ad

The entire crypto market is going to experience a lucrative event on April 19th, 2024. And one coin is set to soar 20X bigger than Bitcoin.

'All Hell's Gonna Break Loose' If Trump Returns To Power, Says Former RNC Chair: 'It's Not About Return To Presidency...'

"Because the man has told us what he wants to do and everyone is still walking around, especially Democrats, with their heads someplace other than in this game."

Fees for funds keep dropping, and investors pocket the rewards

NEW YORK (AP) — In a virtuous cycle that's only helped investors, fees keep dropping for mutual funds and exchange-traded funds.

Man Who Called $3 Trillion Apple Predicts the Next Trillion Dollar Stock - Ad

In 2007, he predicted Facebook would become a $100B company.... In 2010, he predicted Apple would reach a three-trillion-dollar valuation.... In 2013, he called Bitcoin -- before it rose 50,000% and ultimately reached a trillion-dollar market cap. And now... This A.I. Genius is stepping into the spotlight to predict the next-trillion stock.

Wall Street's Most Accurate Analysts Say Hold These 3 Tech And Telecom Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Top 2 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the communications services sector presents an opportunity to buy into undervalued companies.

$1k/Day in Crypto - Witness the Proven Strategy Now - Ad

Ever heard of those rare, almost mythical 100x, 200x or even 300x+ returns in the crypto world? Usually, they're the stuff of luck, hinging on choosing the right altcoin at the perfect moment. But what if there was a systematic, predictable way to achieve outsized returns in crypto?

4 Canadian school boards sue Snapchat, TikTok and Meta for disrupting students' education

TORONTO (AP) — Four of the largest school boards in the Canadian province of Ontario said Thursday they launched lawsuits against , and alleging the social media platforms are disrupting student learning.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

EV Owners May Have Bigger Cool Factor, But Their Tires Are Literally Tiring Them Out More Than Gas Car Drivers

The report highlights that EV tires wear out faster due to greater vehicle weight and higher torque. However, EV owners are often unaware of these performance differences.

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

Top 3 Financial Stocks That May Explode This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

These Analysts Raise Their Forecasts On RH After Q4 Results

RH (NYSE: RH) posted weaker-than-expected results for its fourth quarter, but issued upbeat forecast on Wednesday.

2,000,000 "A.I. Crown Jewels" Set for Mass Production - Ad

A.I. investors...get ready: Because this little-known supplier just received a GIGANTIC order from Nvidia. It's one of the biggest production runs in technology history. And it's part of the reason why Barrons says this supplier could see $100 BILLION in sales by 2025.

Michelle Yeoh to join business and political leaders at Global Citizen NOW summit to fight poverty

NEW YORK (AP) — Oscar winner Michelle Yeoh, Botswana President Mokgweetsi Masisi, and Verizon CEO Hans Vestberg are among the diverse group of political, business and philanthropic leaders Global Citizen will convene in New York on May 1 and 2, the nonprofit announced on Thursday.

Jim Cramer Sees Opportunity In Palo Alto Networks After Stock Is 'Overly Punished' In 2024

Jim Cramer noted that Palo Alto Networks had been "overly punished" this year and that he is considering buying more shares of the company.

The Sneaky (Yet 100% Legal) Way for Obama to Return to Power - Ad

The ONLY way Democrats can keep the White House is to bring back Barack Obama. And there's a sneaky (yet 100% legal) way to achieve this. In fact, this disaster scenario is already underway. See what they're up to, and how you can get ready today.

China's latest EV is a 'connected' car from smart appliance maker Xiaomi

BEIJING (AP) — Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars.

Biden administration restores threatened species protections dropped by Trump

BILLINGS, Mont. (AP) — The Biden administration rules to protect imperiled plants and animals that had been back under former President Donald Trump.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

Elon Musk Wants Supreme Court To Overturn 'Outrageous' Fine Imposed On President Trump In New York

Elon Musk agreed that the Supreme Court should overturn the "outrageous" fine imposed on Donald Trump in an ongoing trial in New York.

Radical Change Inside American Banks - Ad

We could see some seismic changes in the banking system, changing the way you access your social security income, pay your taxes and spend your paycheck. That's why it's so crucial you understand these changes, and how they'll inevitably impact you, as soon as possible.

Binance executive detained in Nigeria amid a crypto crackdown has escaped custody

KADUNA, Nigeria (AP) — An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, authorities said Monday.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service