We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]...
(Bloomberg) -- Soon, Elon Musk could be a Las Vegas transportation kingpin. On Wednesday, county officials unanimously approved designs for two additional tunnels connecting hotels with the Las Vegas Convention Center, clearing the way for Musk’s Boring Co. to expand its first commercial underground transportation system.Approval from the Clark County Commission is one of the last hurdles to a proposed expansion of a Boring Co. project burrowing underneath the convention center, which was largely finished in May but has yet to open for rides. One of the hotels connecting to the Loop, Resorts World, said it expects construction on the expansion to begin by the end of this year, Scott Sibella, president of Resorts World Las Vegas, said in an emailed statement.In May, Musk tweeted that Boring Co. would “also connect Vegas hotels & airport.” Airport officials have held introductory conversations with the Boring Co. in recent weeks, according to Chris Jones, a spokesman for McCarran International Airport.With the...
On Wednesday, Bank of America analysts led by Wamsi Mohan cut their rating on shares of Apple from buy to neutral, citing a number of risks. Key issues include tough comps, squeezed services margins by content amortization costs and risks in the 5G iPhones. ...
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]...
The Tesla Inc (NASDAQ: TSLA) Model Y is already an advanced product, with a two-piece casted body that reduces weight and manufacturing complexities. "When we get the big casting machine, it'll go from 70 parts to one with a significant reduction in capital expenditure," CEO Elon Musk said in 2019. What Happened: It appears the large casting machine is now in Fremont, according to a picture posted by Tesmanian.Not only would this reduce the cost and complexity of Model Y, it would allow Tesla to produce more vehicles faster.Musk has also said the Berlin-produced Model Y will be a revolution in autobody engineering. Benzinga's Take: Tesla moves quick when it comes to vehicle updates. The company does not wait for model year refreshes, with vehicles regularly receiving software and hardware updates as soon as they are ready to be rolled out.Tesla will also hold its battery investory day Sept. 22, which...
Sonos reported $249.3 million in revenue for Q3, topping the Street's estimates of $235.71M. However, the company missed EPS estimates, posting a loss of $0.13 compared to the expected $0.52 loss per share. Yahoo Finance’s Jared Blikre joins The Final Round panel to break down the details....
