Logan Ridge Finance Azioni (NASDAQ: LRFC)

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Logan Ridge Finance

Capitala Finance

Logan Ridge Finance Corp an externally managed non-diversified closed-end management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company offers customized financing to business owners, management teams, and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion, and other growth initiatives.

Logan Ridge Finance Corporation - Common Stock

Logan Ridge Finance Corp

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell 2.42% on Monday as investors digested troubling European sales data and a prominent fund manager&#8217;s warning about the company&#8217;s growth trajectory.
What Happened: Gary Black, Managing Partner at Future Fund, highlighted alarming sales trends in a post on X, noting that April European sales are projected to drop 47% year-over-year. Black emphasized that this decline can no longer be attributed to Model Y production changes.
&#8220;We predict that FY&#8217;25 Tesla deliveries will be -6% year-over-year versus FY&#8217;24,&#8221; Black wrote, compared to Wall Street&#8217;s estimated 3% decline.
The fund manager expressed concern that Tesla&#8217;s current valuation appears disconnected from its projected earnings. He pointed out that the stock is trading at a significantly higher multiple than its historical average, with its price reflecting over 130 times estimated non-GAAP earnings for fiscal 2025 and more than 90 times for fiscal 2026.
In comparison, Tesla&#8217;s average one-year forward price-to-earnings ratio over the past three years has been around 76 times.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> investors need to remember that EV fundamentals still drive TSLA's stock price (-2.4% today vs NDX -0.7%). April Europe sales have so far been terrible and the Model Y changeover can no longer be used as an excuse. With nearly all European countries now reporting April… <a href="https://t.co/2rcalRS99T">pic.twitter.com/2rcalRS99T</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1919497519702438334?ref_src=twsrc%5Etfw">May 5, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/05/45213810/palantir-stock-drops-925-after-earnings-beat-dan-ives-stays-bullish-but-jefferies-brent-thill-says-institutions-still-arent-interested">Palantir Is A &#8216;Retail-Driven Story,&#8217; Says Top Analyst As PLTR Stock Falls 9% In After-Hours: &#8216;Not A Single Institutional Investor&#8230;Talks About This&#8217;</a>
Why It Matters: Spain <a href="https://www.benzinga.com/markets/25/05/45192200/teslas-european-woes-deepen-as-new-car-sales-for-april-plunge-in-spain-as-chinese-rivals-soar">exemplifies Tesla&#8217;s European challenges</a>, with April sales plunging 36% year-over-year to 571 units, according to industry group ANFAC. Meanwhile, Spanish EV sales overall surged 54%, with Chinese competitors like BYD, MG, and Omoda posting triple-digit percentage gains.
Tesla&#8217;s European market share has declined <a href="https://www.benzinga.com/markets/25/05/45192200/teslas-european-woes-deepen-as-new-car-sales-for-april-plunge-in-spain-as-chinese-rivals-soar">from 2.9% to 2% in just one year</a> amid heightened competition and brand challenges reportedly linked to CEO Elon Musk&#8216;s political activities. The company recently reported the first-quarter results, showing total <a href="https://www.benzinga.com/news/global/25/05/45202597/tesla-stock-falls-on-european-sales-decline-rising-competition-whats-going-on">revenue down 9% year-over-year</a>, with automotive revenue dropping 20% to $13.97 billion.
Despite gaining 23% in April, Tesla shares remain down over 26.11% year-to-date.
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45212767/bitcoin-ethereum-flat-dogecoin-dips-even-as-trump-calls-crypto-popular-analyst-says-btc-build-up-good-predicts-eth-uptrend-after-fed-meet">Bitcoin, Ethereum Flat, Dogecoin Dips Even As Trump Calls Crypto &#8216;Popular:&#8217; Analyst Says BTC Build-up Good, Predicts ETH Uptrend After Fed Meet</a></li>
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

News

Markets

Tech

TSLA

Gary Black Flags 47% Projected Drop In Tesla's April Europe Sales, Predicts 6% Decline In 2025 Deliveries

Arthur J. Gallagher Acquires Türkiye's Aspera To Strengthen Insurance And Reinsurance Brokerage Footprint

POWI

Power Integrations Unveils 1700 V InnoSwitch3-AQ IC To Boost Reliability And Efficiency In 800 V EVs

Nokia supplies private wireless to Maersk's fleet for real-time cargo tracking
<ul>
<li>Nokia to support Maersk's next-generation IoT connectivity platform with new mobile network to enhance operational efficiency.</li>
<li>Nokia supplied its private wireless network solution including Shikra small cell equipment and MantaRay NM for network management.</li>
</ul>

Nokia To Equip Maersk Fleet With Private Wireless Network For Real-Time Cargo Tracking And Efficiency Gains

Former Vice President Mike Pence&nbsp;voiced his apprehensions about President Donald Trump&#8216;s tariff policies, hinting at potential economic fallout and shortages.
What Happened: Pence, during an <a href="https://edition.cnn.com/2025/05/05/politics/january-6-pence-trump-tariffs-russia">interview </a>with CNN&#8217;s Kaitlan Collins, expressed his belief that the broad-based tariffs introduced by Trump could trigger a &#8220;price shock&#8221; in the economy and possible shortages.
He argued that these policies are not aimed at countries exploiting the trade relationship with the U.S., but are essentially a new industrial policy that could lead to inflation and harm consumers and the American economy.
The former VP stated, "I do think this version of tariff policy that's broad-based, indiscriminate, applies tariffs to friend and foe alike, is not a win for the American people."
Pence also voiced concerns about the possible consequences once the 90-day pause on steep &#8220;reciprocal&#8221; tariffs, announced by Trump on April 10, comes to an end. He cautioned that Americans might soon experience sticker shock and potential shortages.
In response to Trump&#8217;s recent remarks implying that American children might have to settle for fewer toys because of these policies, Pence highlighted that access to affordable goods is essential for helping Americans live within their means.
&#8220;&#8230;keeping dolls affordable, keeping our kids' toys affordable, that really is part of the American dream," stated Pence.
Pence distanced himself from Trump&#8217;s repeated assertions that Canada should become the 51st state, instead commending Canada as a strong and valued ally of the United States.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/05/45188098/rep-marjorie-taylor-greene-frustrated-and-upset-with-the-trump-administration-questions-us-foreign-policy-yo" target="_blank" rel="noreferrer noopener">Rep. Marjorie Taylor Greene &#8216;Frustrated And Upset&#8217; With The Trump Administration, Questions US Foreign Policy: &#8216;You Better Be Clear, The Base Is Not Happy&#8217;</a>
Why It Matters: On Sunday, Pence received the John F. Kennedy Profile in Courage Award for standing firm against endorsing false claims about the 2020 election being stolen.
Earlier in April, Pence had labeled Trump&#8217;s sweeping tariffs as &#8220;a misstep&#8221; <a href="https://www.benzinga.com/news/25/04/44753262/former-vice-president-mike-pence-calls-trumps-tariff-moves-misstep-cites-potential-economic-harm-to">and warned</a> that if left as it is, the strategies would amount to &#8220;the largest peacetime tax hike in American history.&#8221; 
In a Wall Street Journal op-ed, the former VP praised Trump&#8217;s early wins, such as <a href="https://www.benzinga.com/25/04/45088889/mike-pence-says-trump-comeback-unrivaled-in-modern-american-history-but-only-return-to-values-of-first-term-will-ensure-presidents-legacy">cutting illegal immigration</a> by over 90% at the southern border and restoring American strength abroad. However, he cautioned that these &#8220;hard-won and overdue&#8221; gains could be lost if the administration strays from its original playbook.
Trump&#8217;s tariff policies have also sparked a trade war that could potentially lead to empty toy shelves during the holiday season. However, the President said that China has earned over a trillion dollars by selling the United States products Americans don&#8217;t need. He dismissed worries about store shelves being empty, including in toy stores.
Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) surged 14. 69%, while SPDR S&amp;P 500 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 11.72% over the past one month since Trump&#8217;s &#8216;Liberation Day&#8217; tariffs. 
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/tech/25/04/45057119/anthony-scaramucci-once-purchased-1200-worth-of-microsoft-stock-for-his-son-in-1992-and-then-forgot-about-it-three-decades-later-it-quietly-turned-into-a-small-fortune-that-he-didn" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Once Purchased $1,200 Worth Of Microsoft Stock For His Son In 1992 And Then Forgot About It — Three Decades Later, It Quietly Turned Into A Small Fortune That He Didn&#8217;t Know He Ow</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Politics

Mike Pence Warns Trump's 'Indiscriminate' Tariffs Could Trigger 'Price Shock' And Potential Shortages: 'Keeping Our Kids' Toys Affordable...Is Part Of The American Dream'

Under the terms of the Acquisition, Deliveroo Shareholders will be entitled to receive 180 pence in cash per Deliveroo Share. The terms of the Acquisition value the entire issued and to be issued ordinary share capital of Deliveroo at approximately £2.9 billion, and represent a premium of approximately 44 per cent to the Closing Price of 125 pence per Deliveroo Share on 4 April 2025 (being the last Business Day prior to DoorDash's offer letter to Deliveroo in respect of the Acquisition), approximately 29 per cent to the Closing Price of 140 pence per Deliveroo Share on 24 April 2025 (being the last Business Day prior to the commencement of the Offer Period and approximately 40 per cent to Deliveroo's three month volume weighted average price of 129 pence per Deliveroo Share to 24 April 2025. The terms of the Acquisition imply an enterprise value of Deliveroo of approximately £2.4 billion.

DASH

DROOF

DoorDash To Acquire Deliveroo In £2.9B Deal, Expanding Global Reach To Over 40 Countries

Key enhancements include inventory optimization, fails research, and email integration automation for better connectivity and outcomes

Broadridge Advances AI-Powered OpsGPT With Inventory Optimization And Email Integration Automation

Two Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investors, dormant for over a decade, moved roughly $325 million worth of the asset on Monday, sparking intrigue in the cryptocurrency community.
What Happened: According to on-chain tracker Spot On Chain, the first whale moved 2,343 BTC, worth $222.2 million, to a new wallet after 10.5 years of inactivity. The second whale&nbsp;resurfaced after more than 11 years, shifting&nbsp;1,079 Bitcoin, worth approximately $102.5 million.
Dormant wallets, especially those holding large amounts of Bitcoin, are often tied to early adopters or miners who bought into the asset when it was just a fraction of today&#8217;s price.
These moves could be motivated by recovered keys, ownership changes or long-term holders looking to cash out after years of HODLing.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x26a0;&#xFE0F; $324.2M in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> on the move after over 10 years of dormancy! In the past 3 hours, two Satoshi-era whales, who had been inactive since 2014, transferred 3,422 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> ($325M) to new wallets: &#x1f48e; Whale "1NWPS" woke up after 10.5 years, moving 2,343 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> (~$222.2M). &#x1f48e; Whale… <a href="https://t.co/UKb78WJDXp">pic.twitter.com/UKb78WJDXp</a>
&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1919560794137882853?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/25/05/45213365/maxine-waters-to-obstruct-cryptocurrency-hearing-plans-shadow-hearing-instead" target="_blank" rel="noreferrer noopener">Maxine Waters Plans Walkout From Crypto Hearing, Will Host &#8216;Shadow Hearing&#8217; Opposing Trump Family Ventures: Report</a>
Why It Matters: This massive movement of Bitcoin comes at a time when the cryptocurrency market is experiencing a period of relative stability. The <a href="https://www.benzinga.com/25/05/45212767/bitcoin-ethereum-flat-dogecoin-dips-even-as-trump-calls-crypto-popular-analyst-says-btc-build-up-good-predicts-eth-uptrend-after-fed-meet">apex coin consolidated between $94,000 and $95,000 </a>on Monday, following a pullback from $97,000.
That said, analysts voiced optimism about its long-term outlook. Macro expert Raoul Pal predicted that Bitcoin and cryptocurrency markets are entering the second leg of a steep, liquidity-driven bull phase, which he described as the &#8220;banana zone.&#8221; He believed that Bitcoin could hit $450,000.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $94,445.59, down 0.23% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45187736/elizabeth-warren-slams-shady-deal-involving-trump-family-backed-usd1-as-democrats-withdraw-support-for-senarte-crypto-bill">Elizabeth Warren Slams &#8216;Shady&#8217; Deal Involving Trump Family-Backed USD1 As Democrats Withdraw Support For Senate Crypto Bill</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Photo Courtesy: Mc_Cloud on Shutterstock.com

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Two Dormant Bitcoin Whales Move $325 Million After A Decade: What's Going On?

Yoshiharu Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YOSH#NASDAQ">YOSH</a>) reported quarterly losses of $(0.96) per share. This is a 47.69 percent decrease over losses of $(0.65) per share from the same period last year. The company reported $3.51 million in sales this quarter. This is a 24.90 percent increase over sales of $2.81 million the same period last year.

Earnings

YOSH

Yoshiharu Global Q1 EPS $(0.96) Down From $(0.65) YoY, Sales $3.51M Up From $2.81M YoY

Artesian Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARTNA#NASDAQ">ARTNA</a>) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.35 by 51.43 percent. This is a 23.26 percent increase over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $25.89 million which beat the analyst consensus estimate of $25.00 million by 3.54 percent. This is a 5.47 percent increase over sales of $24.54 million the same period last year.

Earnings Beats

ARTNA

Artesian Resources Q1 EPS $0.53 Beats $0.35 Estimate, Sales $25.89M Beat $25.00M Estimate

The companies have decided to pause discussions around the joint venture to allow them to focus on improving the current, standalone performance at their respective sites, while also allowing AngloGold Ashanti to consolidate the improvements to its long-term mining plan, which currently shows the highest value of its options

AngloGold Ashanti, Gold Fields Pause Ghana JV Talks To Focus On Standalone Mine Performance

<ul>
<li>Build AI agents in 5 minutes with industry's most comprehensive set of agent capabilities</li>
<li>Drive 176% ROI over three years by automating integration across hybrid cloud</li>
<li>Turn enterprise data into the most powerful tool with new watsonx.data, which can lead to 40% more accurate AI agents</li>
<li>Accelerate secured, scalable AI with 450 billion inference operations per day on new LinuxONE 5</li>
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IBM Unveils Hybrid AI Technologies To Build Enterprise Agents In 5 Minutes And Unlock 176% ROI

ORCL

BM And Oracle Expand Partnership To Advance Agentic AI And Hybrid Cloud Across Enterprise Operations

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Building Approvals (MoM) For March -8.8% Vs. -1.7% Est.; -0.2% Prior

Reported Earlier, China Caixin Services Purchasing Managers Index For April 50.7 Vs. 51.7 Est.; 51.9 Prior

AudioCodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUDC#NASDAQ">AUDC</a>) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.18 by 16.67 percent. This is a 11.76 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $60.37 million which missed the analyst consensus estimate of $60.45 million by 0.13 percent. This is a 0.50 percent increase over sales of $60.08 million the same period last year.

Earnings Misses

AUDC

AudioCodes Q1 Adj. EPS $0.15 Misses $0.18 Estimate, Sales $60.37M Miss $60.45M Estimate

Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) reported quarterly losses of $(0.22) per share which missed the analyst consensus estimate of $(0.08) by 175 percent. This is a 204.76 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $290.43 million which missed the analyst consensus estimate of $318.12 million by 8.70 percent. This is a 30.71 percent decrease over sales of $419.14 million the same period last year.

Kosmos Energy Q1 Adj. EPS $(0.22) Misses $(0.08) Estimate, Sales $290.43M Miss $318.12M Estimate

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) reported <a href="https://www.benzinga.com/news/earnings/25/05/45208000/palantir-q1-earnings-revenue-beat-eps-in-line-customer-count-up-39-company-raises-guidance-citing-surging-and-ferocious-growth">better-than-expected earnings</a> Monday evening, yet the stock tumbled 9.25% in after-hours trading.
What Happened: Despite the strong results, two well-known analysts are taking very different positions on Palantir&#8217;s future.
Dan Ives of Wedbush remained firmly bullish. "You could print this press release off, frame it, and put it in the Louvre," Ives said during an appearance on CNBC. "I believe this is going to be a $1 trillion market cap in the next 2 to 3 years."
However, Brent Thill of Jefferies disagreed. While acknowledging Palantir's strong fundamentals, he remained cautious about the company's high valuation.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45213068/mark-zuckerberg-overtakes-jeff-bezos-to-become-worlds-second-richest-person-as-meta-stock-soars">Mark Zuckerberg Overtakes Jeff Bezos To Become World&#8217;s Second-Richest Person As Meta Stock Soars</a>
Palantir has now met or exceeded Wall Street's earnings and revenue expectations for seven straight quarters. Yet the company&#8217;s valuation, which some analysts say reflects 65 times its revenue, is drawing comparisons to previous tech high-fliers like Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), whose valuations came back down to earth.
"This is a retail-driven story," Thill said. "There's not a single institutional investor I talk to that even talks about this."
Ives pushed back on that view, arguing that institutional skepticism has left many money managers behind the curve on one of the most transformative companies in AI.&nbsp;
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Why It's Important: Palantir posted first-quarter revenue of $883.86 million, surpassing analyst expectations of $862.83 million. The company also raised its full-year revenue guidance to between $3.89 billion and $3.90 billion, well above previous projections.
Palantir projects second-quarter revenue between $934 million and $938 million, again topping analyst expectations. The company currently has a market cap of $292.05 billion.
Price Action: Palantir shares have gained 64.61% so far this year and surged 390.96% over the past 12 months. On Monday, the stock dipped 0.41% during regular trading and slid another 9.25% in after-hours trading, closing at $112.32, according to<a href="http://pro.benzinga.com/"> data from Benzinga Pro</a>.
Analysts have set a consensus price target of $69.76 for Palantir, based on input from 25 firms. The most bullish projection comes from Loop Capital, which issued a $125 target on March 13, 2025.
The latest updates from RBC Capital, Morgan Stanley, and DA Davidson average out to a price target of $76.67, indicating a potential downside of 31.74% from current levels.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/PLTR/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06014323/Screenshot-2025-05-06-at-11.13.13%E2%80%AFAM-1024x371.png" alt="" class="wp-image-902504" /></a></figure>
According to Benzinga Edge Stock Rankings, Palantir boasts a strong growth score of 86.89%, underscoring its robust performance. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other stocks</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage&#8217; As China&#8217;s Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.
Image Via Shutterstock

PLTR

SNOW

Palantir Is A 'Retail-Driven Story,' Says Top Analyst As PLTR Stock Falls 9% In After-Hours: 'Not A Single Institutional Investor...Talks About This'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk shared a host of updates, outlining what he believes the future holds for the billionaire's ventures, including TSLA, SpaceX, and Neuralink.
What Happened: "It's a company that I've grown and nurtured over twenty years," Musk said about Tesla in an interview with Fox News on Sunday.
"Tesla in a few months will release Unsupervised Full Self-Driving," Musk said before sharing that the Unsupervised FSD tech will first see application in Austin, Texas, before being rolled out to the rest of the U.S.
"In fact, in the future, it'll be unusual to see a manually-driven car. It'll be like seeing a horse," Musk said, highlighting his optimism for the technology's far-reaching impacts.
He then shared an update on Tesla's Optimus line of humanoid robots, calling it a "personal R2D2 or a C3PO robot buddy" and predicted it'll be a "massive, massive product."
Musk went on to reiterate his ambitions of setting up a city on Mars with SpaceX before sharing an update about Neuralink's BCI (Brain-Computer Interface) called Blindsight, which the billionaire says will help blind people see, including those who have been blind from birth.
"Hopefully we'll be able to do the first Blindsight implant in a human later this year, within the next 12 months, I'm quite confident we can do that," Musk said. He also shared how the company hopes to begin work on a Neuralink implant, which will help people with a "severed spinal column to walk again."
Why It Matters: Musk's comments in the interview come as Tesla will begin its robotaxi operations in June. The company has already released the robotaxi in a limited rollout and completed over 1,500 trips.&nbsp;
Tesla and other U.S.-based autonomous driving companies also got a boost from the Trump administration <a href="https://www.benzinga.com/25/04/45001024/trump-administration-announces-exemptions-for-autonomous-driving-companies-in-the-us-eases-self-driving-crash-report-requirements">through exemptions</a> in the U.S. auto safety standards.
However, Tesla continues to experience difficulties as the <a href="https://www.benzinga.com/markets/25/05/45192200/teslas-european-woes-deepen-as-new-car-sales-for-april-plunge-in-spain-as-chinese-rivals-soar">company's sales plunge</a> in Europe, as the company registered 571 vehicles in Spain, according to data released by ANFAC.
Elsewhere, Musk's SpaceX added over 28 satellites to its low Earth orbit constellation of Starlink space-based internet services. However, experts have raised concerns about <a href="https://www.benzinga.com/general/space/25/05/45163320/as-elon-musks-spacex-adds-28-starlinks-research-flags-climate-impact-from-deorbiting-satellites">the ecological impacts</a> of the satellites deorbiting and reentering the Earth's atmosphere.
Interestingly, NASA is facing a <a href="https://www.benzinga.com/markets/25/05/45189017/nasa-prepares-for-6-billion-budget-cut-amid-shift-towards-elon-musks-mars-focused-initiatives">$6 billion budget cut</a> from the Trump administration, as well as a shift towards Mars-focused ventures, which could be a boost for Musk and SpaceX.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">WATCH: <a href="https://twitter.com/DOGE?ref_src=twsrc%5Etfw">@DOGE</a> boss <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> opens up to <a href="https://twitter.com/LaraLeaTrump?ref_src=twsrc%5Etfw">@LaraLeaTrump</a> about what Americans can expect next from his companies, including <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a>, <a href="https://twitter.com/X?ref_src=twsrc%5Etfw">@X</a> and <a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a>, on <a href="https://twitter.com/MyViewFNC?ref_src=twsrc%5Etfw">@MyViewFNC</a>. <a href="https://t.co/woPlxMqRVu">pic.twitter.com/woPlxMqRVu</a>
&mdash; Fox News (@FoxNews) <a href="https://twitter.com/FoxNews/status/1919448856737001563?ref_src=twsrc%5Etfw">May 5, 2025</a></blockquote>
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TSLA stock scores well on Momentum and Quality metrics, has a satisfactory Growth rating, but scores poorly on Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45160705/elon-musk-says-neuralink-will-ultimately-be-available-to-all-as-fda-grants-breakthrough-status-for-speech-restoring-brain-tech">Elon Musk Says Neuralink Will &#8216;Ultimately&#8217; Be Available To All As FDA Grants Breakthrough Status For Speech-Restoring Brain Tech</a></li>
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Tesla's Elon Musk Says Manually-Driven Cars Will Be 'Unusual' In The Future, Shares Updates On SpaceX, Neuralink

As the U.S. dollar is trading 8.02% lower year-to-date, this expert believes that the dollar depreciation is fueling the &#8220;powerful tailwind for multinational earnings.&#8221;
What Happened: According to Jeremy Siegel, a senior economist at WisdomTree, the U.S. dollar&#8217;s significant decline this year is strongly boosting multinational companies&#8217; earnings.
He underscores in his weekly commentary that about half of the S&amp;P 500 revenue comes from overseas, which could offset the negative impact of tariffs on corporate profits.
&#8220;With 40-45% of S&amp;P 500 revenues sourced abroad, that currency translation effect alone could cushion the impact of tariffs on corporate profits,&#8221; said Seigel.
&#8220;This, alongside hopes of deal-making and eventual tariff de-escalation, is underpinning the market's recovery,&#8221; he adds.
Meanwhile, he continues to remain positive on the stocks as he explains that stock markets tend to overreact to recessions.
&#8220;While earnings may drop if the economy turns south, the long-horizon value of equities should not fall 20–25%, as often happens. If investors finally look "beyond the valley into the mountain," the downside could be limited even in a mild recession.&#8221;
See Also: <a href="https://www.benzinga.com/25/05/45192387/market-bets-on-aggressive-fed-cuts-clash-with-short-rate-market-data-next-fed-chair-could-initiate-cutting-cycle-says-expert">Market&#8217;s Bet On Aggressive Fed Cuts Clash With Short Rate Market Data: Next Fed Chair Could Initiate &#8216;Cutting Cycle,&#8217; Says Expert</a>
Why It Matters: As of the publication of this article, the U.S. Dollar Index was trading 0.04% lower at the 99.79 level.
As the Federal Reserve is slated to announce its latest decision on interest rates on Wednesday this week, Siegel says, &#8220;Powell is likely to offer little beyond platitudes about data dependency and policy patience.&#8221;
However, according to him, the Fed should cut rates with the inverted yield curve structure, however, he reiterates that the Fed won&#8217;t cut.
The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 97.6% likelihood of the Federal Reserve keeping the current interest rates unchanged on Wednesday. 
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Monday. The SPY was down 0.57% to $563.51, while the QQQ declined 0.59% to $485.93, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45191314/leveraged-etfs-soar-as-investors-seek-amplified-exposure-and-quicker-returns-rate-bets-tech-mania-and-geopolitical-shifts-drive-demand">Leveraged ETFs Soar As Investors Seek &#8216;Amplified Exposure And Quicker Returns:&#8217; Rate Bets, Tech Mania, And Geopolitical Shifts Drive Demand</a></li>
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Photo courtesy: Shutterstock

Forex

US Dollar Depreciation Is Cushioning 'The Impact Of Tariffs On Corporate Profits,' Says Expert

Press Releases

Kuehn Law Encourages PTMN, LRFC, ATSG, and ROIC Investors to Contact Law Firm

SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates TGI, PTMN, LRFC, SGBX on Behalf of Shareholders

LOGAN RIDGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Logan Ridge Finance Corporation - LRFC

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