Tesla Hits 15-month Low 📱RIOT GALP 📈 CHNI AU 📉

FlowBank's hand-curated fresh financial news [header_noDither] Tesla Stocks Hit 15-Month Low Amid Challenges Tesla's stock price continued its downward trend, hitting a 15-month low as it fell for the seventh consecutive day to close at $142.05, marking a significant 43% decline for the year. This comes as Tesla announced further price cuts on its electric vehicles and premium driver assistance system in the U.S., China, and Europe, and follows weak first-quarter deliveries, significant layoffs, and a recall of the Cybertruck due to a defect. Amidst these challenges, Tesla prepares to discuss its first-quarter earnings, with analysts predicting a 5.1% drop in revenue. This period also sees heightened short seller activity, with Tesla becoming a profitable target due to the ongoing stock price slide. WHAT'S MOVING [Group 1742 (73)-1] [Start Trading](113/cXx8Z04/VWvVp-6Wd20CW4b9bg53HjPGsW2jjqKJ5dd7T2N31NNBM2-ZVTW6N1vHY6lZ3kZW85Qm2w5fnMLWN4lxyJG43tnxW7gxHGF90m_0YW1-lyht52DHrHW2538Tl29GwgPN4T-5FhX83JcW4rxmKD6ZBRl9W41VBkZ2nBRX0W7P3Ntw3H3-bSW264kLv3zqKH1W4CVr9f7XC_KbW82sN5r1NzMBrW96VQYD95Wt7wW2p8VZQ6PgZL9W6r3Dpv4JJWb9W36QDdY1pq2WFN47_hFbG5zJgW7dSVbz7rvFWXN2835-LnF3gjW6G9Hy4587q_3W8YqP9J8mLMqjW78GZDy6bc_T-f91c9-d04) [Group 1754 (22)] Informatica and Salesforce Informatica denies ongoing sale talks with Salesforce, countering rumors of a potential $10 billion acquisition deal; Informatica's stock drops by 7% while Salesforce's slightly rises. [Group 3 (71)-1] Meta Meta plans to offer its Meta Horizon OS to external hardware companies like Lenovo, Microsoft, and Asus to create a competitive VR headset market, akin to the Android vs. iOS dynamic in smartphones. [Group 1753 (22)] Amazon Amazon ends its drone delivery operations in Lockeford, California, but plans to launch in the Phoenix area later this year, despite ongoing regulatory and development challenges. WHAT'S COMING UP? USD: S&P Global US Manufacturing PMI (Apr): Exp. 52.0 v Prev. 51.9 USD: S&P Global Services PMI (Apr): Exp. 52.0 v Prev. 51.7 USD: New Home Sales (Mar): Exp. 668K v Prev. 662K IN OTHER NEWS Wall Street U.S. stock futures remained stable Monday night following a positive market day where the S&P 500 and Nasdaq broke six-day losing streaks. The tech sector's rebound helped the S&P 500 rise by 0.87% and the Nasdaq by 1.11%, while the Dow also saw gains, closing 0.67% higher. [Group 1769] Europe European markets are poised to open higher on Tuesday, continuing gains from Monday. This positive shift follows a tech-led rebound on Wall Street. The U.K.'s FTSE 100 marked its fourth consecutive gain, surpassing its last record close from February 20, 2023. Meanwhile, U.K. stocks rose as the sterling fell against the U.S. dollar, amid increasing expectations of a summer interest rate cut by the Bank of England. MARKET INSIGHTS Still Time to Invest in Gold at a Record High? It has been a golden start to 2024 with the price of gold shooting to record highs, north of $1300 per oz. Why have the gold bugs returned and is there still time to buy gold? [Read more](113/cXx8Z04/VWvVp-6Wd20CW4b9bg53HjPGsW2jjqKJ5dd7T2N31NNB82-ZVTW5BW0B06lZ3mtN8G1yMkcb9SFW3W5K8d8SFy0TW9hjPYL6CfwFrW79HH6r7MLC5XW40grYW486LbzN792T83GRTF5W2NfLps3F5Z5-N259vhmD1hrHW8WRBPp8T74qsN4SCmQ1TbHS6W4NBn5_9cXJPCW8ycZzn7LsWb7W4jYY5y6QPHggW4hb1P-290jQyW7rVbcW3gDZYxVbTWMl2H1wbGW3pkN585ylyckW7-PY5828cG_df4PRFcK04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. 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