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Category: Finance

Trading in financial instruments and cryptocurrencies involves high risks, including the potential loss of investment. Prices are volatile and can be influenced by various external factors. It is essential to understand the risks and seek professional advice before trading.

Keywords: Risk Disclosure, Cryptocurrency Trading, Financial Instruments

Source: Investing.com Canada

Update At: 8/6/2024

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Why Tesla Stock Just Crashed

Tesla's stock fell 11% after missing earnings forecasts, reporting $0.52 per share instead of the expected $0.62. While sales increased to $25.5 billion, automotive sales dropped 7% year over year. The company's energy division saw growth, but rising operating expenses and shrinking profit margins raise concerns for investors, making the stock less attractive at a high valuation.

Motley Fool

Tesla stock slides after mixed Q2 results, says 'affordable' EVs on track for 2025 debut

Tesla's stock fell over 12% after mixed Q2 results showed lower growth expectations for 2023. Revenue was $25.05 billion, exceeding estimates, but adjusted profits fell short. The company plans to produce new, more affordable EVs by 2025 and revealed a delay in the robotaxi launch to October 10. Despite a drop in deliveries compared to last year, Q2 deliveries improved significantly from Q1, indicating a potential positive shift in demand. Tesla also reported record battery energy storage deployment in Q2.

Yahoo Finance

US military intercepts Russian, Chinese aircraft By Reuters

Trading in financial instruments and cryptocurrencies involves high risks, including the potential loss of investment. Prices are volatile and can be influenced by various external factors. It is essential to understand the risks and seek professional advice before trading.

Investing.com

What channel is Arsenal v Bournemouth pre-season friendly on? Live stream and kick-off time

In 2023, the average amount borrowed by new customers taking out equity release plans was £97,878, according to the Equity Release Council.

Radio Times

Elon Musk loses $16 billion in a day as Telsa stock sinks

Elon Musk's net worth dropped by $16 billion due to a significant decline in Tesla shares, which fell over 11% after disappointing earnings. Despite this, he remains the richest person globally with a net worth of $232 billion, significantly ahead of Jeff Bezos. Tesla's profits fell by 45%, although revenue increased slightly. The company faces growing competition in the electric vehicle market.

Quartz

3 Biotech Stocks on Track for 50% Returns (or More) by 2028

High potential biotech stocks Vertex Pharmaceuticals, United Therapeutics, and Halozyme Therapeutics are positioned for significant returns by 2028, driven by strong financial performance and innovative treatments in their respective fields.

InvestorPlace

Warren Buffett Just Sold $1.5 Billion of Berkshire Hathaway's Second-Largest Holding. Here's Why.

Warren Buffett has sold $1.5 billion of Bank of America stock, reducing Berkshire Hathaway's stake by 3.3%. This move may be due to the stock's strong performance and favorable tax implications. Despite the sale, Buffett still values the business but may not see significant growth ahead. Analysts suggest caution for potential investors in Bank of America, as it was not included in a list of top stock picks.

Yahoo Finance

Billionaire Warren Buffett Sells Bank of America: 3 Possible Reasons Why

Warren Buffett sold approximately 34 million shares of Bank of America, marking a 3.4% reduction in his stake. This is his first sale since 2019, raising questions about his motivations, which may include raising cash for successors, preparing for potential corporate tax increases, and concerns over Bank of America's performance and unrealized losses.

The Motley Fool

Berkshire sells around $1.48 billion Bank of America shares, filing shows

Berkshire Hathaway sold approximately 33.9 million shares of Bank of America for about $1.48 billion, reducing its stake to around 999 million shares. The company, led by Warren Buffett, has been a significant investor in Bank of America since 2011.

CNBC

Bank of America Stock (BAC): Buffett’s Berkshire Trims Stake - TipRanks.com

Berkshire Hathaway sold approximately 33.9 million shares of Bank of America for $1.48 billion, reducing its ownership to about 999 million shares valued over $42 billion. This divestment follows BAC's Q2 results, which, despite exceeding earnings estimates, showed a 5.7% profit drop. Analysts maintain a Moderate Buy consensus on BAC stock, with a price target suggesting a 5.3% upside potential.

Tipranks