Musk's Chip Diversion—Strategic Move or Power Play?

[] it could all just be petty revenge [View in browser]( [View in browser]( [] JUNE 6, 2024 [] [] PROSPERITY PUB MARKET TALK Musk's Chip Diversion—Strategic Move or Power Play? Elon Musk recently admitted to diverting a shipment of Nvidia AI chips meant for Tesla (TSLA) to his other companies, xAI and social media platform X (formerly Twitter), claiming the chips would have otherwise sat idle in a warehouse. On the surface, this may seem like a practical decision, but there are questions about his true intentions. Musk is currently entangled in a battle with Tesla shareholders over his pay package. Could this chip diversion be part of a larger strategy to leverage control over Tesla’s resources? Some speculate that the often unpredictable CEO might be holding these valuable AI chips as a form of ransom, seeking greater influence and ownership within the company.… or maybe just the release of the billions in pay that he feels he’s owed. Amid these maneuvers, Tesla’s stock has been fluctuating between $170 and $180, following a significant spike of 43% after a dismal earnings report in April. This volatility adds another layer of uncertainty for investors. The situation raises important questions about Musk’s leadership and priorities. Is he making decisions that benefit Tesla and its shareholders, or is he using his position to advance his interests in other ventures? Only time will tell, but for now, the controversy surrounding Musk’s actions continues to fuel debate among investors and industry watchers. Tesla Stock Meanwhile, our own Jeffry Turnmire has a long term bullish view on TSLA. His long term downside target proved right, as the stock bounced at its ultimate 138.80 low just before earnings in April. He went on to say that if TSLA can work through significant resistance at the 200 level, he sees long term targets as high as $350 and even $500 in the cards for the car maker. — The Prosperity Pub Team [] [] [REVEALED] The NVDA Cash Generation Blueprint Jack Carter is combining his most powerful strategy EVER… With the hottest stock in the market right now! The result is a powerhouse mix, sure to catapult your trading into the stratosphere! [Click here to access Jack’s NVDA Stock Spilt Summit!]( [] [] SCOTT WELSH’S TICKER TALES InterDigital Surging Toward a Breakout? (IDCC) Some companies sneak toward their breakout levels. They just take their time, moving up a few days and then pulling back. Moving up a few more days and then pulling back. Or they go comatose, moving sideways lifelessly until the big move comes. And others race to their breakout level like a bat out of Gotham. InterDigital (IDCC) is looking like the last one. Here’s the chart: [] After a large pullback, it’s been up seven weeks in a row. If it breaks above $119.86, it could be off to the races. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] [] [] JUNE 6, 2024 [] [] PROSPERITY PUB MARKET TALK Musk's Chip Diversion—Strategic Move or Power Play? Elon Musk recently admitted to diverting a shipment of Nvidia AI chips meant for Tesla (TSLA) to his other companies, xAI and social media platform X (formerly Twitter), claiming the chips would have otherwise sat idle in a warehouse. On the surface, this may seem like a practical decision, but there are questions about his true intentions. Musk is currently entangled in a battle with Tesla shareholders over his pay package. Could this chip diversion be part of a larger strategy to leverage control over Tesla’s resources? Some speculate that the often unpredictable CEO might be holding these valuable AI chips as a form of ransom, seeking greater influence and ownership within the company.… or maybe just the release of the billions in pay that he feels he’s owed. Amid these maneuvers, Tesla’s stock has been fluctuating between $170 and $180, following a significant spike of 43% after a dismal earnings report in April. This volatility adds another layer of uncertainty for investors. The situation raises important questions about Musk’s leadership and priorities. Is he making decisions that benefit Tesla and its shareholders, or is he using his position to advance his interests in other ventures? Only time will tell, but for now, the controversy surrounding Musk’s actions continues to fuel debate among investors and industry watchers. Tesla Stock Meanwhile, our own Jeffry Turnmire has a long term bullish view on TSLA. His long term downside target proved right, as the stock bounced at its ultimate 138.80 low just before earnings in April. He went on to say that if TSLA can work through significant resistance at the 200 level, he sees long term targets as high as $350 and even $500 in the cards for the car maker. — The Prosperity Pub Team [] [] [REVEALED] The NVDA Cash Generation Blueprint Jack Carter is combining his most powerful strategy EVER… With the hottest stock in the market right now! The result is a powerhouse mix, sure to catapult your trading into the stratosphere! [Click here to access Jack’s NVDA Stock Spilt Summit!]( [] [] SCOTT WELSH’S TICKER TALES InterDigital Surging Toward a Breakout? (IDCC) Some companies sneak toward their breakout levels. They just take their time, moving up a few days and then pulling back. Moving up a few more days and then pulling back. Or they go comatose, moving sideways lifelessly until the big move comes. And others race to their breakout level like a bat out of Gotham. InterDigital (IDCC) is looking like the last one. Here’s the chart: [] After a large pullback, it’s been up seven weeks in a row. If it breaks above $119.86, it could be off to the races. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](