La vendita allo scoperto per Tesla dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Tesla. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Tesla (NASDAQ:TSLA) Azioni, Report sulle vendite allo scoperto

Tesla

Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi-truck. Tesla also plans to begin selling more affordable vehicles, and a sports car. Global deliveries in 2023 were a little over 1.8 million vehicles. The company also sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.

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TSLA

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Global

PLTR

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AAPL

Elon Musk stupito dalle vendite iPhone: Apple vende 1,4 milioni di unità ogni due giorni, un record straordinario.

Elon Musk senza parole: ecco quanti iPhone si vendono ogni 2 giorni

Tesla Inc

TESLA ORD

Consumer Reports recently reviewed the Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck and shared its likes and dislikes about the electric pickup truck that began consumer deliveries <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/36032944/cybertruck-delivery-event-elon-musk-highlights-teslas-best-product-says-finally-the">in November 2023.</a>
What Happened: Known for its unique design, the Cybertruck has<a href="https://www.benzinga.com/general/entertainment/24/03/37852639/tesla-cybertruck-the-new-celebrity-fashion-accessory-steve-aoki-big-sean-latest-to-own-ev"> attracted demand from celebrities</a> and fans of Tesla vehicles and CEO Elon Musk.
The vehicle has also sold well compared to other electric pickup trucks on the market, even though it has a higher price point than some.
In its review <a href="https://www.youtube.com/watch?v=Q49hsOZKKxU" target="_blank" rel="noopener">video</a>, Consumer Reports reviewer Alex Knizek points to steering as one of the features he liked the least about the Cybertruck. Knizek also said he disliked engaging the turn signal, which removed the rearview camera and replaced it with a blind spot camera.
The reviewer said one of his favorite parts is the giant windshield wiper. Knizek also highlighted that driving the Cybertruck was met with peace signs and thumbs up from nearby people, and the vehicle generated strong reactions that were mostly positive.
The Cybertruck&#8217;s review on the Consumer Reports <a href="https://www.consumerreports.org/cars/tesla/cybertruck/2024/road-test-report/#pagestop" target="_blank" rel="noopener">website </a>includes sections on power and braking, ride and handling, front visibility, comfort, and bed storage.
Speaking of the six-foot bed in the review video, Knizek said the Cybertruck is "even a pretty decent pickup truck."
The website review highlights several drawbacks of the Cybertruck, including limited visibility aside from the front, steering issues, camera performance, difficulty with cleaning, challenges in the delivery process, the price point, and the "usual Tesla shenanigans."
Did You Know?
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</ul>
Why It's Important: Most of the Cybertruck reviews to date have come from Tesla fans and influencers who waited a long time to get their hands on the vehicle. Many of these reviewers may already be fans of Tesla vehicles and slightly biased.
Consumer Reports is well-known for its reviews, and its mixed reviews of the Cybertruck may come off as positive for the Tesla electric pickup truck.
The review highlighted several features,, including Tesla&#8217;s technological advancements and how the Cybertruck still holds its own as a pickup truck despite what some consider a look that is anything but a truck.
TSLA Price Action: Tesla shares were down 3.4% to $249.02 on Wednesday, versus a 52-week trading range of $138.80 to $271.00. Tesla stock is trading nearly flat year-to-date in 2024.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41145803/tesla-q3-deliveries-step-in-the-right-direction-analyst-says-more-heavy-lifting-nee">Tesla Q3 Deliveries &#8216;Step In The Right Direction&#8217;: Analyst Says More &#8216;Heavy Lifting&#8217; Needed From Elon Musk To Turn Growth Story Around</a></li>
</ul>
Photo courtesy of Tesla.

Tesla Cybertruck Is 'Pretty Decent Pickup Truck': Consumer Reports Review

As Rockstar Games&#8216; next installment in the Grand Theft Auto series gets closer to its anticipated release window, excitement around the title is as high as it&#8217;s ever been — <a href="https://www.benzinga.com/general/entertainment/24/06/39555552/rockstar-games-co-founder-reveals-why-gta-movie-never-made-sense">for most</a>.
What To Know: Fans of the series appear to have gotten another sneak peek at what&#8217;s coming in Grand Theft Auto VI (GTA 6).
According to a GamingBible<a href="https://www.gamingbible.com/news/gta-6-leaked-gameplay-screenshot-033212-20241002"> report</a>, X account &#8220;GTA 6 Countdown&#8221; recently shared a series of leaks, including an AI-generated image that sent fans into a frenzy.
Rockstar Games has a long history of leaks, so the latest reveal shouldn&#8217;t come as a surprise. But this particular leak is getting a lot of attention: Rockstar Games parent company Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) sent a Digital Millennium Copyright Act notice to the X creator on Tuesday, forcing the user to take down the image.
Several GTA 6 fans speculated that the image might have been an actual screenshot of the gameplay given Take-Two&#8217;s response to the post before one X user noticed it was an enhanced version of an earlier gameplay screenshot released in 2022.
Another fan suggested that the image was a concept created with <a href="http://benzinga.com/topic/ai">AI</a> and that Take-Two&#8217;s system likely mistook the image for a leaked screenshot.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This leak has been pretty much confirmed, as we just received a DMCA takedown from Rockstar's parent company, Take-Two. <a href="https://t.co/sxrlKzPT0w">https://t.co/sxrlKzPT0w</a>
&mdash; GTA 6 Countdown &#x23f3; (@GTAVI_Countdown) <a href="https://twitter.com/GTAVI_Countdown/status/1841041117548011826?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
All of the excitement surrounding potential leaks comes as Rockstar Games gears up to release the second trailer for GTA 6 on Oct. 4. 
The game itself is expected to be released in the fall of 2025, as announced in the<a href="https://www.benzinga.com/general/gaming/23/12/36119465/gta-6-trailer-breaks-records-surpasses-108-million-views-in-less-than-48-hours-outshining-predeces"> first trailer</a> for the highly-anticipated game. 
The original trailer set a 24-hour viewership record for YouTube video game reveals and had more than 100 million views within 48 hours. Interestingly enough, the first trailer leaked a day ahead of its planned release.
See Also:<a href="https://www.benzinga.com/general/gaming/24/10/41127513/final-fantasy-16-on-xbox-square-enix-hints-at-a-possible-release"> Final Fantasy 16 On Xbox? Square Enix Hints At A Possible Release</a>
GTA 6 may very well be the most anticipated video game release of all time, but not for X owner Elon Musk.
In an X post from late 2023 shortly after the first GTA 6 trailer was released, Musk noted that he once tried to play the game, but &#8220;didn&#8217;t like doing crime.&#8221;
&#8220;GTA5 required shooting police officers in the opening scene. Just couldn't do it,&#8221; Musk said in the <a href="https://x.com/elonmusk/status/1731894072300699768?lang=en">post</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tried, but didn't like doing crime. GTA5 required shooting police officers in the opening scene. Just couldn't do it.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1731894072300699768?ref_src=twsrc%5Etfw">December 5, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Grand Theft Auto series is known for violence and plot lines focused on organized crime. Rockstar Games has sold more than <a href="https://www.benzinga.com/general/gaming/24/05/38900608/gta-5-surpasses-200-million-copies-sold-only-two-games-have-outsold-it#">200 million copies</a> of Grand Theft Auto V since it was released in 2013. 
Although Musk isn&#8217;t a fan of the game, he&#8217;s no stranger to gaming. The eccentric billionaire <a href="https://www.benzinga.com/general/gaming/23/08/33610477/elon-musk-lover-of-video-games-has-praise-for-this-record-breaking-title-and-its-not-elden-ring">made several posts</a> in 2022 on X, then-Twitter, about popular game&nbsp;Elden Ring. He also praised the creators of Diablo IV last year, calling it a &#8220;great&#8221; game.
Musk has made a push to get more gamers to livestream on X over the past year and recently began sponsoring gamers on the X platform through <a href="https://x.com/XGaming">X Gaming</a>. 
X Gaming made a <a href="https://x.com/XGaming/status/1834412970811728126">post</a> last month highlighting a new deal with some of the world&#8217;s top streamers. 
&#8220;Whatever feedback they have, we will build it,&#8221; X Gaming said. &#8220;More coming soon!&#8221;
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/24/09/40905542/could-gta-6-be-pushed-to-2026-insights-from-former-rockstar-insider">Could GTA 6 Be Pushed To 2026? Insights From Former Rockstar Insider</a></li>
</ul>
Image: courtesy of Take-Two Interactive Software.

Gaming

General

TTWO

Grand Theft Auto 6 Leak Sparks Fan Frenzy On X, But Elon Musk Won't Be  Joining The Hype

Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">and individual tickers.</a>
Here is a look at the most-searched stocks on Benzinga Pro for September 2024. Current prices and year-to-date performance are based on Sept. 30 and do not include dividends.
1. NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
<ol></ol>
<ol></ol>
<ol></ol>
<ol></ol>
<ul>
<li>Current Price: $121.44</li>
<li>52-Week Range: $39.23 to $140.76</li>
<li>Year-to-Date Return: +152.1%</li>
<li><a href="https://www.benzinga.com/top-stories/24/07/39579249/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-june-where-do-nvidia-gamestop-tesla-apple">June</a>/<a href="https://www.benzinga.com/top-stories/24/08/40119459/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-july-2024-where-do-tesla-nvidia-apple-crow">July</a>/<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40691773/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-august-2024-where-do-tesla-n">August </a>Ranking: 1st/2nd/1st</li>
</ul>
2. SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)
<ul>
<li>Current Price: $573.76</li>
<li>52-Week Range: $409.22 to $574.71</li>
<li>Year-to-Date Return: +21.4%</li>
<li>June/July/August Ranking: 3rd/3rd/2nd</li>
</ul>
3. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
<ul>
<li>Current Price: $261.63</li>
<li>52-Week Range: $138.80 to $271.00</li>
<li>Year-to-Date Return: +5.3%</li>
<li>June/July/August Ranking: 4th/1st/3rd</li>
</ul>
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
4. Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
<ul>
<li>Current Price: $233.00</li>
<li>52-Week Range: $164.08 to $237.23</li>
<li>Year-to-Date Return: +25.5%</li>
<li>June/July/August Ranking: 5th/7th/6th</li>
</ul>
5. Wheeler Real Estate Investment Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>)
<ul>
<li>Current Price: $8.09</li>
<li>52-Week Range: $2.90 to $1,126.80</li>
<li>Year-to-Date Return: -92.8%</li>
<li>June/July/August Ranking: Not in Top 20 in any</li>
</ul>
6. Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)
<ul>
<li>Current Price: $488.07</li>
<li>52-Week Range: $342.35 to $503.52</li>
<li>Year-to-Date Return: +21.2%</li>
<li>June/July/August Ranking: 11th/11th/9th</li>
</ul>
7. Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
<ul>
<li>Current Price: $416.40</li>
<li>52-Week Range: $226.59 to $1,229.00</li>
<li>Year-to-Date Return: +45.9%</li>
<li>June/July/August Ranking: 10th/19th/4th</li>
</ul>
8. Galmed Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>)
<ul>
<li>Current Price: $6.86</li>
<li>52-Week Range: $2.73 to $23.80</li>
<li>Year-to-Date Return: +29.9%</li>
<li>June/July/August Ranking: Not in Top 20 in any</li>
</ul>
9. Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)
<ul>
<li>Current Price: $23.46</li>
<li>52-Week Range: $18.51 to $51.28</li>
<li>Year-to-Date Return: -50.9%</li>
<li>June/July/August Ranking: Not in Top 20 in any</li>
</ul>
10. Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>)
<ul>
<li>Current Price: $8.05</li>
<li>52-Week Range: $2.09 to $13.25</li>
<li>Year-to-Date Return: +241.1%</li>
<li>June/July/August Ranking: Not in Top 20/Not in Top 20/20th</li>
</ul>
Honorable Mentions:&nbsp;The following stocks were the 11th&nbsp;to 20th&nbsp;most-searched tickers on&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;in September 2024.
11. Summit Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>)
12. Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
13. Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)
14. Tenon Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>)
15. CN Energy Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNEY#NASDAQ">CNEY</a>)
16. Quhuo Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>)
17. ENDRA Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>):
18. Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>)
19. Immuneering Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMRX#NASDAQ">IMRX</a>)
20. Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Why It&#8217;s Important:&nbsp;Nvidia was the top searched stock on Benzinga Pro for the month of September once again. The stock has ranked first or second for every month tracked since February, sometimes alternating with SPY or Tesla.
The SPDR S&amp;P 500 ETF Trust ranked second for a second straight month, which comes as the S&amp;P 500 tracking index hit new all-time highs in the month of September.
Tesla, which topped the month of July, has ranked third for two straight weeks. The stock has ranked among the top four stocks searched in each month tracked in 2024.
The bigger story in September were the newcomers and the stocks that dropped off.
Newcomers to the top 10 included Wheeler Real Estate, Galmed, Intel and Intuitive. Of the four stocks, only Intuitive had ranked in the top 20 over the last three months. The newcomers all had catalysts in the last month that made their stocks highly volatile.
On the 11th through 20th portion of the list, the stocks were all different from the previous month with Intuitive moving to the top 10 and Palantir going from 7th to 12th and the other stocks all new to the top 20.
Several of the companies ranked in the bottom part of the top 20 are penny stocks trading at less than $5 per share that saw wide moves that saw increased interest from Benzinga traders.
One of the bigger names to make the top 20, by name recognition, is Trump Media &amp; Technology Group, the company that counts former President Donald Trump as a co-founder. The stock has been highly volatile during the 2024 election cycle.
Dropping out of the top 10 were Lumen Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Geovax Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOVX#NASDAQ">GOVX</a>) and the aforementioned Palantir.
Other big names that exited the top 20 include Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) that was 13th in August and fell to 24th to narrowly miss the list.
Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which has frequently appeared in the top 20 and was ranked 15th in August dropped out of the top 20.
Overall the month of September saw six of the same top 10 tickers from August and eight of the top 20 tickers from August.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/07/39603613/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-first-half-2024-where-do-nvidia-tesla-pala">EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In First Half 2024 – Where Do Nvidia, Tesla, Palantir, GameStop Rank?</a></li>
</ul>
Image: Shutterstock

Exclusives

AMZN

APLD

CNEY

GLMD

GOVX

IMRX

INTC

LUMN

LUNR

NDRA

NVDA

SMCI

SMMT

TNON

WHLR

EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In September 2024 – Where Do Tesla, Nvidia, Apple, DJT Stock Rank?

Five out of China&rsquo;s six biggest EV makers posted record sales in September. Fueled by discounts and promotions, the Chinese EV pack led by BYD Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>)&nbsp;revived demand. While Li Auto Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) and Xpeng Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) also had a record sales month,&nbsp;Nio Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) was the only major Chinese carmaker that missed hitting record deliveries, but had sales grow by more than 35%.&nbsp;
BYD continues to race to take over Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
According to CnEVPost, BYD sold as many as 419,426 NEVs which include both EVs and plug-in-hybrids (PHEVs). Besides being the fourth straight month that BYD posted record sales, it is also the first time that BYD hit the 400,000 milestone in monthly sales. BYD also reached the 1 million mark in shipped vehicles in a single quarter. Keeping up with the larger trend to combat the EV slowdown, BYD also reported its hybrid sales went up more than 86% YoY. However, EV sales continued to pick up, rising 9% YoY and 11% from August.&nbsp;&nbsp;
Li Auto also had a month of bumper sales.
In September, Li Auto&nbsp;shipped a record 53,709 vehicles, which translates to a YoY rise of 48.94%. With this figure, Li Auto exceeded its prior record from July by 5%.&nbsp;
This means that Leapmotor posted its fourth consecutive monthly sales record.
In September, Stellantis N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>)-backed Leapmotor delivered 33,767 NEVs, which translates to a YoY increase of 113.7%.
Putting EVs aside, hybrid makers are emerging as winners on the mainland.
While BYD reached glory thanks to its affordable EVs, it continues to expand its portfolio, including pickups and luxury models, challenging Tesla who will report its full third quarter earnings on October 23rd. After two quarters of declines, Tesla sales seem to be picking up. For the three-month period ending in September, Tesla made 469,796 vehicles and delivered 462,890 of them, which means production rose 14.4% and deliveries grew 5.8% from the second quarter. &nbsp;
But before it releases the full figure third quarter report, Tesla will be revealing its long-awaited robotaxi on October 10th&nbsp;and provide a glimpse of its future and new identity as an AI and robotics company. But while its rivals continue to set new records, Tesla reported a smaller-than-expected rise in third quarter deliveries.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

BYDDY

STLA

XPEV

September Brings New Records For Chinese EV Makers

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$250.00</td>
<td>$30.6K</td>
<td>11.3K</td>
<td>37.1K</td>
</tr>
<tr>
<td>GOTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.00</td>
<td>$390.0K</td>
<td>20.7K</td>
<td>10.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$114.00</td>
<td>$26.9K</td>
<td>3.6K</td>
<td>6.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$150.00</td>
<td>$33.0K</td>
<td>11.7K</td>
<td>3.6K</td>
</tr>
<tr>
<td>WOOF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$4.50</td>
<td>$27.5K</td>
<td>5.2K</td>
<td>1.5K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$12.50</td>
<td>$31.6K</td>
<td>69</td>
<td>253</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.50</td>
<td>$35.2K</td>
<td>352</td>
<td>200</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$150.00</td>
<td>$27.7K</td>
<td>305</td>
<td>177</td>
</tr>
<tr>
<td>DASH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$56.4K</td>
<td>2.6K</td>
<td>142</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$65.00</td>
<td>$30.2K</td>
<td>2.1K</td>
<td>100</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on October 4, 2024. This event was a transfer of 52 contract(s) at a $250.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $590.0 per contract. There were 11354 open contracts at this strike prior to today, and today 37187 contract(s) were bought and sold. 
• Regarding GOTU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>), we observe a put option trade with bearish sentiment. It expires in 16 day(s) on October 18, 2024. Parties traded 10000 contract(s) at a $4.00 strike. The total cost received by the writing party (or parties) was $390.0K, with a price of $39.0 per contract. There were 20790 open contracts at this strike prior to today, and today 10160 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $114.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $270.0 per contract. There were 3658 open contracts at this strike prior to today, and today 6096 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option trade that happens to be bullish, expiring in 9 day(s) on October 11, 2024. This event was a transfer of 50 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $660.0 per contract. There were 11714 open contracts at this strike prior to today, and today 3637 contract(s) were bought and sold. 
• For WOOF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>), we notice a call option trade that happens to be bullish, expiring in 16 day(s) on October 18, 2024. This event was a transfer of 500 contract(s) at a $4.50 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $55.0 per contract. There were 5218 open contracts at this strike prior to today, and today 1565 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a call option sweep that happens to be bearish, expiring in 23 day(s) on October 25, 2024. This event was a transfer of 200 contract(s) at a $12.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $158.0 per contract. There were 69 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold. 
• Regarding LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we observe a put option trade with bullish sentiment. It expires in 170 day(s) on March 21, 2025. Parties traded 200 contract(s) at a $4.50 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $176.0 per contract. There were 352 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• Regarding DECK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on October 18, 2024. Parties traded 150 contract(s) at a $150.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $185.0 per contract. There were 305 open contracts at this strike prior to today, and today 177 contract(s) were bought and sold. 
• Regarding DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we observe a call option sweep with bearish sentiment. It expires in 107 day(s) on January 17, 2025. Parties traded 60 contract(s) at a $150.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $56.4K, with a price of $940.0 per contract. There were 2699 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold. 
• Regarding WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we observe a put option sweep with neutral sentiment. It expires in 471 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $65.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $30.2K, with a price of $302.0 per contract. There were 2163 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BABA

DASH

DECK

GSX Techedu Inc. American Depositary Shares

GOTU

LCID

Citigourp Global Markets 2% Protected Notes Linked To The Djia

WOOF

WYNN

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) analysts and experts highlighted the importance of the company's third-quarter deliveries, while they also pointed to other October catalysts that include full quarterly financial results and the company's highly anticipated <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40859757/tesla-analyst-says-business-before-pleasure-with-third-quarter-deliveries-report-ah">Robotaxi Day on Oct. 10.</a>
What Happened: Tesla<a href="https://www.benzinga.com/news/24/10/41141444/tesla-stock-plunges-3-despite-q3-deliveries-exceeding-consensus-and-growing-year-over-year"> reported third-quarter deliveries </a>of 462,890 vehicles, up 6.4% year-over-year and up 4.3% quarter-over-quarter.
The figure beat a Street consensus estimate of 461,978, according to data from Tesla.
The company reported third-quarter production of 469,796 vehicles, up 9.1% year-over-year and up 14.4% quarter-over-quarter.
Quarterly deliveries grew year-over-year for the first time in three quarters.
The Model 3 and Model Y made up 339,975 deliveries, up 5.0% year-over-year, with the Other category that includes the Model S, Model X, Tesla Semi and Cybertruck totaled 22,915 units, up 43.4% year-over-year.
Tesla also reported 6.9 GWh of energy storage in the third quarter, down from 9.4 GWh in the second quarter.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Daniel Ives on Tesla: Third-quarter delivery numbers were "a step in the right direction," Wedbush analyst Daniel Ives said in a new investor note.
"The 463k number we would characterize as good and a step in the right direction but clearly we and the Street were hoping for 3k-5k upside to this number and we will see some pressure on shares this morning as investors walk away from the delivery numbers expecting more," Ives said.
Ives, who has an Outperform rating and $300 price target, said some Street estimates were in the 465,000 to 470,000 range.
"Overall, this is a clear improvement from 1H and we believe getting in the range of 1.8 million for the year is still the key and important bogey."
Ives believes China was strong in the quarter, which offset weakness for Tesla in the U.S. and Europe.
"We do remain confident in Tesla's ability to hit 1.8 million deliveries for FY24 which we view as a feat given the extensive white-knuckle moments seen throughout the first half of the year.
Third-quarter deliveries were a step in the right direction, but more "heavy lifting" is needed by Elon Musk and the company "to turn around this delivery growth story," Ives said.
Ives looks ahead to the company's Robotaxi Day and third-quarter financial results on Oct. 23 as the next catalysts.
"We continue to believe AI/FSD represents a $1 trillion of value alone for Tesla over the coming years … next week it's time for Musk to have a watershed unveiling event for Robotaxi Day."
Read Also: <a href="https://www.benzinga.com/top-stories/24/09/40985179/tesla-model-y-could-end-fords-long-reign-as-americas-top-selling-vehicle-will-2024-be-the-year">Tesla Model Y Could End Ford&#8217;s Long Reign As America&#8217;s Top-Selling Vehicle: Will 2024 Be The Year?</a>
Gene Munster on Tesla: With Tesla stock up 14% over the last two weeks ahead of third-quarter delivery figures, Deepwater Asset Management managing partner Gene Munster believes the declining share price Wednesday is related to a "buy on the rumor, sell on the news" trading philosophy.
"I don't believe the drop in shares is because they missed the whisper numbers," Munster <a href="https://x.com/munster_gene/status/1841477615028219957">tweeted</a>.
Munster said Wednesday's delivery report was positive "because this marks the return to delivery growth for the first time in nine months."
Tesla's figures come as the automotive market is seeing headwinds and CEO Musk's political speak may have been negative for the stock, Munster said.
Munster said he has concerns for next year's estimates, which could be "highly dependent" on the timing of a new vehicle launch.
Sawyer Merritt on Tesla: Popular Tesla influencer Sawyer Merritt <a href="https://x.com/SawyerMerritt/status/1841475893891354952">shared </a>that Tesla's third-quarter deliveries may have been a beat or a miss depending on which consensus estimates were used.
Some data included estimates from 12 analysts, while Tesla's investor relations estimate compiled data from 28 analysts.
"Long term, whether Tesla's Q3 delivery numbers were slightly above expectations by 0.19% or fell short by 0.4% is relatively unimportant," Merritt <a href="https://x.com/SawyerMerritt/status/1841481468263936066">said</a>. "What truly matters is whether FSD is improving and if miles driven per necessary intervention are increasing. All eyes now on the Oct. 10 event."
What's Next: Tesla hosts its Robotaxi Day in California on Oct. 10.
The company will report third-quarter financial results on Oct. 23. Analysts expect the company to report revenue of $25.57 billion, up from $24.93 billion in last year's third quarter, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1">from Benzinga Pro.</a>
Analysts expect the company to report earnings of 59 cents per share in the third quarter, down from 66 cents in last year's third quarter.
Tesla has beaten earnings per share from analysts in four straight quarters, while missing revenue estimates in three of the past four quarters.
TSLA Price Action: Tesla stock is down 3.08% to $250.07 on Wednesday versus a 52-week trading range of $138.80 to $271. Tesla stock is up 0.5% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l">Tesla Q2 Earnings Highlights: Revenue Beat, EPS Miss, Robotaxi Update, 2024 Growth Rate To Be &#8216;Notably Lower&#8217; Than 2023</a></li>
</ul>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="991" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02114809/Screenshot-196.png" alt="" class="wp-image-576840" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02114809/Screenshot-196.png 991w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02114809/Screenshot-196-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02114809/Screenshot-196-768x382.png 768w" sizes="(max-width: 991px) 100vw, 991px" /></a></figure>
Photo: Shutterstock

Analyst Color

Price Target

Reiteration

Analyst Ratings

Tesla Q3 Deliveries 'Step In The Right Direction': Analyst Says More 'Heavy Lifting' Needed From Elon Musk To Turn Growth Story Around

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-02_09h01_16.png" alt="" style="width:624px" /></figure>
<h4 class="wp-block-heading">The Power Of Missile Defense</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-raytheon-missile-defense-iron-dome-patriot-rtx-mc-10022024">click here</a> for an enlarged chart of Rtx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of RTX stock is being used to illustrate the point.</li>
<li>Yesterday, Iran fired about 180 ballistic missiles on Israel.  Israel and the U.S. were able to intercept most of these missiles with missile defense systems. These missiles reached Israel in 12 minutes. The defense was impressive considering there were no fatalities.</li>
<li>What happened in Israel yesterday shows the power of missile defense systems and illustrates the opportunity for investors in missile defense stocks.</li>
<li>As full disclosure, RTX is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio. RTX is The Arora Report's favorite missile defense stock.&nbsp;</li>
<li>The chart shows that RTX has broken out on the success of missile defense in Israel.</li>
<li>RTX is a joint developer of the Iron Dome used in Israel. RTX is best known for its Patriot Air And Missile Defense System.  RTX also produces several other missile defense systems and aircraft engines.</li>
<li>RTX entered The Arora Report portfolio when the stock experienced a massive drop on the news of cracks in Pratt &amp; Whitney engines. The Arora Report uses over 50 different strategies. RTX belongs to the strategy of buying a good company where the stock is down due to a fixable technical problem.</li>
<li>The chart shows the power of buy zones.  Buy zones allow investors to buy stocks and ETFs when the probability adjusted risk reward is more favorable.  Risk and reward are two sides of the same coin in investing. Smart money focuses on risk adjusted returns. In contrast, the momo crowd focuses only on rewards – the result is that the momo crowd goes through volatile cycles of making money and losing money, and in the end, accumulating far less than smart money.</li>
<li>The chart illustrates the power of a billionaire and hedge fund technique known as a trade around position.&nbsp; A trade around position can dramatically increase profits and reduce risks.</li>
<li>The chart shows that the RTX trade around position was started at an average of $80.70. The position has over 50% gain as of this writing.  The trade around position is separate and distinct from the core position.</li>
<li>Peace is not about to break out in the world.&nbsp; As such, all investors should consider a defense stock or ETF in their portfolio.</li>
<li>For those interested in ETFs, The Arora Report&#8217;s ETF of choice is iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).&nbsp; As full disclosure, ITA is in The Arora Report&#8217;s ZYX Allocation Model Portfolio.&nbsp;</li>
<li>Automatic Data Processing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is the largest private payroll processor in the country.&nbsp; ADP uses its data to provide a glimpse of the employment picture ahead of the official jobs report that will be released on Friday.&nbsp; ADP employment change came at 143K vs. 120K consensus.&nbsp; This indicates that the jobs picture is staying strong.</li>
<li>Previously, JOLTS job openings came at 8.04M, higher than expectations.</li>
<li>&nbsp;ISM Manufacturing Index came at 47.2 vs. 47.4 consensus.</li>
</ul>
<h3 class="wp-block-heading">Buying Stampede</h3>
Stocks are experiencing a once in a century buying stampede in Hong Kong.  Stocks in Hong Kong rose 7%. Property developers rose 47%, and broker stocks rose 35%.  As full disclosure, Hong Kong ETF iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) is in The Arora Report&#8217;s ZYX Emerging.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are neutral in Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
In the early trade, money flows are negative in &nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in 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 Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>). The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing selling along with junk stocks.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.  When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

ETFs

$BTC

GOOG

iShares Dow Jones US Aerospace & Defense Index Fund

MSFT

Opportunity In Missile Defense Stocks, Once In A Century Buying Stampede In Hong Kong

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust </h3>
SPY (ARCA: SPY) is trading near our key level of 567.81. For bullish momentum, we&rsquo;d like to see a push higher to the next target of 569.16. Should this level hold firmly, buyers might aim to elevate the price to the 569.98 support. If this support holds through regular trading hours, it opens the door for an additional climb toward 571.06. Our high bull target for SPY stands at 572.15.
If 567.81 fails as support, the bears will likely attempt to test 566.46. If selling pressure persists, we can anticipate a further move down to 565.38. A decisive breakdown from there might lead to a test of 564.29, with a sharp sell-off potentially targeting the low bear level of 563.23.
<h3>Invesco QQQ Trust Series 1 </h3>
The QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) is currently trading around 481.73. For bulls to maintain control, we need buyers to hold the line above this level, driving the price toward 483.95. A solid move above 483.95 could signal a path to higher levels, with 486.10 acting as the next upside target. If momentum is sustained, expect the price to reach the 487.69 resistance, with the high bull target for today at 490.05.
On the flip side, failure to hold 481.73 could see the bears gaining traction, sending the price to 479.03. Continued selling pressure might lead to further downside, testing the 476.85 level. Should this support break, we expect a potential decline toward 474.66, with a final bear target at 471.33.
<h3>Apple Inc. </h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is currently auctioning near 225.31. Bulls will look to hold this level and aim for a push to 226.08, reinforcing it as a key support zone. If buying continues, the next move would likely target 226.90, with bullish momentum bringing a possible test of the 227.82 high bull target for the day.
However, if 225.31 doesn&rsquo;t hold, we can expect a test of 223.87 on the downside. Continued selling could drive the price lower to 222.96. A break below this level might lead to a further drop toward 222.24, with a potential low bear target at 221.66.
<h3>Microsoft Corp.</h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is currently trading around 419.17. Bulls will aim to defend this level, seeking a rally up to 420.26. If the price stabilizes above this point, buyers could push for a run toward 421.62, with continued momentum targeting the 422.84 high bull level for the day.
If 419.17 fails as support, bears may take control and push the price down to 417.25. Should this level break, expect a further decline to 416.32. Continued downside pressure could lead to a test of 414.56, with a final bear target of 413.14 for the day.
<h3>NVIDIA Corporation</h3>
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is currently trading near our key level of 115.83. For bulls to take charge, they&rsquo;ll need to push the price to 116.61 and hold it as support. A solid move higher could target 117.86, with buying momentum potentially lifting the price to 119.44. The high bull target for today is 120.27.
If 115.83 doesn&rsquo;t hold, we&rsquo;ll be watching for a test of 115.15 on the downside. If selling pressure increases, the next level to watch is 114.29. A breakdown here might lead to further weakness, with the low bear target at 112.54.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is currently auctioning around 167.04. Bulls need to maintain support at this level and push higher to 169.34. If they succeed, a rally could extend to 171.14, which stands as the high bull target for today.
If 167.04 doesn&rsquo;t hold, bears could step in and drive the price lower to 165.41. A break below this level might trigger additional selling down to 163.79. A significant decline could result in testing the low bear target of 161.79.
<h3>Meta Platforms Inc</h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is currently trading around 573.25. Bulls need to hold this level as support to push higher toward 580.17. A strong buying session could see further gains to 585.73, with bullish momentum potentially reaching the high bull target of 591.29.
If 573.25 breaks down, we can expect a test of 565.53. Bears might intensify selling pressure, driving the price lower to 559.29. If this level gives way, the low bear target for Meta today is 553.05.
<h3>Tesla Inc.</h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is trading around 256.34. Bulls will aim to hold this level and push toward 257.56. If the buying momentum continues, expect Tesla to test the next resistance at 259.81. With a strong market rally, we might see Tesla hit 262.68, with a high bull target at 264.46.
If Tesla fails to hold 256.34, we could see a test of 254.28. Continued selling pressure may drive the price to 252.38. A break below this level could lead to a deeper pullback, targeting the low bear level of 250.25.
Final Word: Today&rsquo;s trading session starts with the Non-Farm Employment Change at 8:15 AM ET, a key labor market indicator that often sets the tone for the day. Following that, Fed&rsquo;s Hammack speaks at 9:00 AM ET, potentially providing more clarity on future monetary policy. At 11:00 AM ET, Fed Governor Bowman, a voting member, will address the Community Banking Research Conference, which could offer further insights into the central bank&rsquo;s thinking.&nbsp;
At 12:15 PM ET, Fed&#39;s Barkin, another voting member, is scheduled to speak at the Wilmington Biz Conference and Expo, potentially adding to market volatility. Given the importance of the data releases and multiple Fed speakers throughout the day, expect significant price swings and volatility. Traders should remain alert and manage risk carefully, as today&rsquo;s action could be highly reactive to new information. Stay disciplined, trade cautiously, and good luck!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
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This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

GOOGL

Market Clubhouse Morning Memo - October 2nd, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

Macro Economic Events

Macro Notification

Economics

Benzinga Market Summary: Oil Continues Higher Amid Israel-Iran Tensions, Safe Haven Assets Including Gold And The Dollar Rise, Nike Falls On Revenue Miss, Tesla Falls On Delivery And Production Figures

After two straight quarters of year-over-year sales drop, Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) finally found the mojo back as the electric-vehicle maker&#8217;s third-quarter deliveries pushed past <a href="https://www.benzinga.com/markets/equities/24/10/41135042/reliable-tesla-number-cruncher-forecasts-biggest-delivery-beat-in-3-years-fund-manager-says-this">the consensus forecast.</a> Notwithstanding the beat, the EV maker&#8217;s shares fell over 3.5% in premarket trading. 
The negative stock reaction may have to do with the metric coming in below whisper numbers and the company selling less than what it produced. Investors may also worry about best-selling Model Y/3 sales coming in slightly shy of expectations.
The Key Numbers: Tesla&#8217;s third-quarter deliveries increased both year-over-year and sequentially, as predicted by most analysts, who based their optimism on China numbers. The quarterly deliveries and production vis-a-vis prior periods and consensus are as follows:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Q3&#8217;24 (units)</td>
<td>Company-compiled Consensus&#x2A;</td>
<td>Y-o-Y Change</td>
<td>Q-o-Q Change</td>
</tr>
<tr>
<td>Deliveries</td>
<td>462,890</td>
<td>461,978</td>
<td>+6.40%</td>
<td>+4.26%</td>
</tr>
<tr>
<td>Production</td>
<td>469,796</td>
<td>N/A</td>
<td>+9.13%</td>
<td>+14.35%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">&#x2A; via Gary Black&#8217;s post</figcaption></figure>
Most sell-side analysts revved up their delivery forecasts for Tesla after China Passenger Car Association&#8217;s monthly deliveries data and the weekly insured registrations data shared by Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) suggested a strong recovery in the country.
CPCA&#8217;s estimates showed made-in-China EV sales of 160,814 units for Tesla in China during the first two months of the third quarter. Out of these 109,683 units were sold in China. The company ran a&nbsp;five-year 0% interest financing plan&nbsp;in China for all three months of the quarter and has also extended it till the end of October. Although the scheme is seen to lift volumes, analysts are concerned regarding potential margin erosion.
<a href="https://www.benzinga.com/markets/equities/24/10/41114350/chinese-ev-trio-nio-xpeng-li-auto-surge-higher-in-tuesdays-premarket-whats-going-on">Tesla&#8217;s China peers</a> reported on Tuesday strong September and third-quarter deliveries, sending their stocks sharply higher. 
Reliable Tesla number cruncher who goes by the X handle @Troyteslike estimated deliveries of 472,000 units for the quarter. Deepwater Asset Management&#8217;s Gene Munster had called for a miss, as he modeled deliveries of 452,000 units, which could still mark a 4% year-over-year growth.
The model-wise breakdown of deliveries is as follows:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Q3&#8217;24 (units)</td>
<td>Y-o-Y Change</td>
<td>Q-o-Q Change</td>
</tr>
<tr>
<td>Model 3/Y</td>
<td>439,975</td>
<td>+4.99%</td>
<td>+4.16%</td>
</tr>
<tr>
<td>Other Models&#x2A;</td>
<td>22,915</td>
<td>+43.35%</td>
<td>+6.33%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">&#x2A;includes Model S/X/Tesla Semi/Cybertrucks</figcaption></figure>
Tesla hasn&#8217;t reported standalone numbers for Cybertrucks ever since its rollout in late 2023.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-tesla-stock">How To Buy Tesla Stock</a>
Energy Storage: Tesla said it deployed 6.9 Gigawatt-hours of energy storage products in the third quarter compared to 9.4 GWh at the end of the second quarter.
Look Ahead: The next major catalysts for Tesla are the Robotaxi unveil event, which is scheduled for Oct. 10, and the third-quarter earnings report, which will drop on Oct. 23.
Analysts hold mixed views regarding the 10/10 event due to be held in Warner Brothers studios. Morgan Stanley&#8217;s Adam Jonas, a Tesla bull, said the company would merely <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40750932/tesla-bull-asks-investors-to-temper-expectations-concerning-robotaxi-day-but-reiter">demo the latest iteration of FSD and a fully autonomous &#8216;cyber-cab,&#8217; mostly in a closed/semi-closed course. </a>Future Fund LLC&#8217;s Gary Black harbors hope that Elon Musk could shed some details regarding the sub-$30K EV that is in the works.
That said, most analysts and industry watchers are positive about Robotaxi&#8217;s potential in the long term.
The strong third-quarter sales bodes well for the quarterly results due later this month. Analysts, on average, expect the company to report earnings of 59 cents per share, down from 66 cents per share a year ago. The consensus estimate for revenue is $25.53 billion, a 15.6% increase versus last year. 
Ahead of the report, &nbsp;Black said a big delivery beat could change the narrative on Tesla stock and lead to a change in the two-year trajectory of negative earnings revisions.
Tesla Stock: The EV maker&#8217;s stock has been stuck in a rut ever since it pulled back from a record high hit in late 2021, mirroring its faltering fundamentals. In the run-up to the deliveries report, the stock began to gain some momentum amid positive expectations but pulled back on Tuesday amid the broader market weakness.
Tesla ended Tuesday&#8217;s session down 1.38% to $258.02, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> For the year, the stock is up 3.84%, underperforming the S&amp;P 500, which is up about 20%.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41135581/tesla-discontinues-cheapest-model-3-variant-entry-level-trim-now-starts-at-42-490">Tesla Discontinues Cheapest Model 3 Variant: Entry Level Trim Now Starts At $42,490</a></li>
</ul>
Image via Shutterstock

Tesla Stock Plunges 3% Despite Q3 Deliveries Exceeding Consensus And Growing Year-Over-Year

<ul>
<li>JD</li>
<li>NVDA</li>
<li>BABA</li>
<li>TSLA</li>
<li>WAY</li>
<li>NIO</li>
<li>NKE</li>
<li>MADE</li>
<li>LOT</li>
<li>META</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

MADE

Top 10 Trending Stocks On WallStreetBets As Of October 2, 2024 (Via Swaggy Stocks)

WIIM

Tesla shares are trading lower after the company reported Q3 delivery and production figures.

Tesla Reports Q3 2024 Production Of 470,000 Vehicles And Deliveries Of 463,000; Deploys 6.9 GWh Of Energy Storage Products; Financial Results To Be Released On October 23

U.S. stock futures are slipping early Wednesday after <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41129967/market-sells-off-over-irans-attack-on-israel-port-strikes-hurricane-helene-national-se">Middle East tensions </a>and the impact of Hurricane Helene set off worries and dragged the major indices in the previous session. These added concerns sapped risk appetite that was on the wane amid the overbought levels of the market, lingering economic uncertainties, and the looming presidential election and third-quarter reporting season. On Wednesday, traders may keep a close eye on ADP&#8217;s private payrolls report, often considered a precursor to Friday&#8217;s non-farm payrolls report, due ahead of the market open, as well as comments by Federal Reserve officials.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.27%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.26%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.35%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.73%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved down 0.17% to $567.63 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.16% to $480.48, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Wall Street pulled back sharply on Tuesday as traders reacted negatively to Iran&#8217;s missile attack on Israel, the start of a dockworkers&#8217; strike that would handicap half of the country&#8217;s shipping and the impact of Hurricane Helene, which unleashed its fury over the Southeastern states. To make matters worse, the Institute for Supply Management&#8217;s manufacturing purchasing managers&#8217; index contracted by more than expected.
On a positive note, job openings came in at a better-than-expected 8 million in August, the Labor Department said.
The averages opened lower and languished below the unchanged line throughout the session before closing sharply lower. All but energy, utility and communication services stocks, closed lower, with IT stock coming in for a sound thrashing.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.53%</td>
<td>17,910.36</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.93%</td>
<td>5,708.75</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.41%</td>
<td>42,156.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.48%</td>
<td>2,197.03</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
October is a seasonally strong month but it often starts slow before picking up momentum as the third-quarter earnings announcements begin to drop, said fund manager Louis Navellier. &#8220;I am expecting that the second half of October will be stronger than the first half,&#8221; he said. The fund manager expects fundamentally superior stocks to benefit from earnings surprises.
Further ahead into November, the next president would have been elected and the Fed will cut interest rates again, he said. He expects consumer sentiment to improve with most of the economic and political uncertainty removed.
See also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>ADP is scheduled to release the private payroll report for September at 8:15 a.m. EDT. Economists, on average, expect the private sector to have added 128,000 jobs, more than the 99,000 jobs added in August.</li>
<li>Cleveland Fed President Beth Hammack is scheduled to give the welcome remarks before the 2024 Minorities in Banking Forum hosted by the Federal Reserve Bank of Cleveland, at 9 a.m. EDT.</li>
<li>St. Louis Fed President Alberto Musalem will provide welcome remarks for the 2024 Community Banking Research Conference at 10.05 a.m. EDT.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>Fed Governor Michelle Bowman is due to speak at 11 a.m. EDT and Richmond Fed President Tom Barkin will make a public appearance at 12:15 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares fell over 5.50% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following the announcement of the company&#8217;s quarterly results, while Resources Connection, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) declined about 4.75%.</li>
<li><a href="https://www.benzinga.com/calendars/earnings">Among those reporting on Wednesday </a>are Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>).</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declined over 1% ahead of the company&#8217;s quarterly deliveries report.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) slipped over 1.40% after it fell 3.66% on Tuesday.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose over 3% amid the Middle East tensions, while gold futures fell moderately. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunged over 3.75% and traded under $61.5K. The yield on the 10-year Treasury note rose 2.1 points to 3.764%.
Most Asian markets that were open for trading ended lower amid the multiple downside triggers, although the Hong Kong market, which reopened after Tuesday&#8217;s public holiday, soared. The Chinese, Indian and Taiwanese markets remained closed for public holidays.
European stocks traded in the red in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41135042/reliable-tesla-number-cruncher-forecasts-biggest-delivery-beat-in-3-years-fund-manager-says-this">Reliable Tesla Number Cruncher Forecasts Biggest Delivery Beat In 3 Years: Fund Manager Says This Could Change The Stock&#8217;s Narrative</a></li>
</ul>
Image Via Shutterstock

Earnings

Futures

Previews

Federal Reserve

Pre-Market Outlook

LEVI

Nasdaq, S&P Futures Sag As Downside Risks Intensify, Oil Spikes, Nike Slides: Why This Strategist Is Expecting 'Stronger' Second-Half Of October

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Tuesday that it has installed 750,000 <a href="https://www.benzinga.com/top-stories/24/08/40585808/tesla-energy-highlights-texas-record-breaking-battery-power-milestone-could-powerwall-have-its-momen">powerwalls</a> worldwide, marking an important milestone for the company&#8217;s energy storage segment.
What Happened: Tesla made the announcement on one of its several official X accounts.
The Powerwall is a powerful home battery that stores solar energy for use when the grid goes down. It is manufactured by Tesla at its gigafactory in Nevada.
Tesla released the Powerwall 3, the latest iteration of the product, in early August. The company then said that it could build a Powerwall 3 every 25 seconds, or more than 700,000 units per year.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">750K Powerwalls installed worldwide &#x1f680; <a href="https://t.co/Kb27NylAK4">pic.twitter.com/Kb27NylAK4</a>
&mdash; Tesla Energy (@teslaenergy) <a href="https://twitter.com/teslaenergy/status/1841130213045944322?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters:&nbsp;Tesla reported a whopping 100% year-on-year jump in revenue from its&nbsp;<a href="https://www.benzinga.com/news/24/07/39615273/tesla-more-than-doubles-energy-storage-deployment-to-mark-its-best-quarter-yet-even-as-ev-demand-con" target="_blank" rel="noreferrer noopener">energy generation and storage segment&nbsp;</a>in the second quarter, even as revenue from the automotive segment dipped. The company's second-quarter revenue from the segment totaled $3 billion after it deployed 9.4 GWh of energy storage products.
For the entirety of 2024, the company now expects the growth rate of revenue in its energy business to outpace the automotive business.
During Tesla&#8217;s annual shareholder meeting in June, Musk&nbsp;said that the company is on track to complete a &#8220;massive number of energy deployments.&#8221;
&#8220;We seem to be tracking to sort of a 200- to 300-percent year-over-year growth in energy storage deployment and stationary pack. So it's giant. And the limiting factor really is being able to build more Megapacks and build more Powerwalls,&#8221;&nbsp;<a href="https://www.benzinga.com/news/24/07/39953878/teslas-energy-and-storage-segment-doubles-revenue-in-q2-to-make-up-for-decline-in-car-sales" target="_blank" rel="noreferrer noopener">he said.</a>
The company is currently ramping up production at its Lathrop Megafactory which is capable of producing 40 GWh of energy storage products a year and also eyeing starting production at its Shanghai Megafactory in the first quarter of 2025.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41135581/tesla-discontinues-cheapest-model-3-variant-entry-level-trim-now-starts-at-42-490">Tesla Discontinues Cheapest Model 3 Variant: Entry Level Trim Now Starts At $42,490</a></li>
</ul>
Photo courtesy: Tesla

Tesla's Energy Storage Segment Hits New Milestone: Installs 750K Powerwalls Worldwide

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has dropped its cheapest <a href="https://www.benzinga.com/topic/tesla-model-3">Model 3</a> variant from its U.S. website, namely the rear-wheel drive (RWD) variant that started at $38,990.
What Happened: With the RWD Model 3 getting discontinued, the cheapest Model 3 variant in the U.S. is now the long-range RWD variant which starts at $42,490 and offers a range of 363 miles. This variant was introduced by the company merely a few months <a href="https://www.benzinga.com/news/24/07/39743027/tesla-unveils-new-model-3-variant-with-longer-range-eligible-for-7-500-tax-credit">back in July</a>.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="919" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02031532/image-2.png" alt="" class="wp-image-575945" style="width:540px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02031532/image-2.png 919w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02031532/image-2-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02031532/image-2-768x700.png 768w" sizes="(max-width: 919px) 100vw, 919px" /><figcaption class="wp-element-caption">Screenshot Of Tesla&#8217;s U.S. Website</figcaption></figure>
The Model 3 sedan is the cheapest vehicle from Tesla. The company&#8217;s best-selling vehicle- the Model Y SUV- starts at $44,990 in the U.S.
Tesla&#8217;s reasons for dropping the rear wheel drive variant are not known. The company did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
Why It Matters: The discontinued RWD variant was not eligible for a federal EV tax credit of $7,500, unlike the other three variants of the sedan. With the discontinuation of the RWD variant, all available Model 3 variants are now eligible for a federal EV tax credit.
In May, Tesla similarly <a href="https://www.benzinga.com/news/24/05/38628520/tesla-launches-model-y-rwd-variant-that-can-go-upto-320-miles-on-a-single-charge-elon-musk-promises">dropped the rear-wheel drive version</a> of the Model Y to replace it with a long-range rear-wheel drive version. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41135227/china-approaches-wto-on-tariffs-imposed-by-canada-on-evs-including-tesla-steel-and-aluminum-products">China Approaches WTO On Tariffs Imposed By Canada On EVs Including Tesla, Steel And Aluminum Products</a></li>
</ul>
Photo courtesy: Shutterstock

Tesla Discontinues Cheapest Model 3 Variant: Entry Level Trim Now Starts At $42,490

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Dow Jones index falling more than 150 points amid growing concerns in the Middle East.
Most of the major tech stocks closed lower on Tuesday. Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) all closed the day lower.
On the economic data front, construction spending in the U.S. declined by 0.1% month-over-month to an annual rate of $2,132 billion in August. The ISM manufacturing PMI came in unchanged at 47.2 in September.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate, and financials stocks recording the biggest losses on Tuesday. However, energy and utilities stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 173 points to 42,156.97 on Tuesday. The S&amp;P 500 fell 0.93% to 5,708.75, while the Nasdaq Composite dipped 1.53% at 17,910.36 during Tuesday's session.
Investors are awaiting earnings results from Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>), and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 69.1, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 73.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Nasdaq Ends 1.5% Lower As Tesla, Nvidia, And Apple Fall: Investor Optimism Declines, Fear Index Remains In 'Greed' Zone

Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) third-quarter deliveries report, likely out before the market opens on Wednesday, has generated a lot of buzz as analysts see the electric vehicle maker turning things around.
The Expectations: Tesla will likely report a third-quarter delivery beat after reporting a year-over-year sales decline in the past two quarters, said Future Fund LLC Managing Partner Gary Black. Deliveries fell 9% in the first quarter and 5% in the second quarter.
Black also shared a screenshot of the company-compiled consensus sent by Tesla Investor Relations Head Travis Axelrod, which put the magic number at 461,978 units. If the company hits the consensus, it will report year-over-year and quarter-over-quarter growth of 6.19% and 4.06%, respectively.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<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">$TSLA</a> IR-compiled 3Q consensus is 462K (+6% YoY) and FY'24 consensus is 1,781K (-1.5% YoY). <a href="https://twitter.com/TroyTeslike?ref_src=twsrc%5Etfw">@TroyTeslike</a> 3Q est is 472K. <a href="https://t.co/I0eMH6Ytf7">pic.twitter.com/I0eMH6Ytf7</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1841116060113653791?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">See Also:<a href="https://www.benzinga.com/money/how-to-buy-tesla-stock"> How To Buy Tesla (TSLA) Stock</a> Reliable Tesla number cruncher who goes by the X handle @Troyteslike estimates deliveries of 472,000 units for the quarter. Model-wise break-up of his estimates shows sales of 461,931 Model 3s/Ys and 24,539 other EVs (Model X, Y, Tesla Semi and Cybertruck). He models production to be at 486,470 units.</figcaption></figure>
Black said @Troyteslike&#8217;s third-quarter estimates mark the biggest positive change versus the consensus, since 2021.
Why It&#8217;s Important: A big deliveries beat could change the narrative on Tesla stock and lead to a change in the two-year trajectory of negative earnings revisions, said Black. Tesla stock went through an extended lean patch after it hit an all-time high in late 2021.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> 3Q deliveries should be posted tomorrow morning by 9am. <a href="https://twitter.com/TroyTeslike?ref_src=twsrc%5Etfw">@Troyteslike</a> who we believe has the best record forecasting TSLA deliveries long term, posted his final 3Q deliv estimate last night at 472K (+8% YoY) and well above WS consensus of 462K. This is Troy's biggest… <a href="https://t.co/b0lEXBqqFp">https://t.co/b0lEXBqqFp</a> <a href="https://t.co/oye5c2rIP4">pic.twitter.com/oye5c2rIP4</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1841115474299326549?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The stock has been building momentum in recent sessions as investors factor in solid deliveries for the third quarter. Tesla&#8217;s fairly robust showing in China, one of its key markets, has given rise to hopes that the number could be strong this time around.
Tesla ended Tuesday&#8217;s session down 1.38% at $258.02, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data, </a>as it lock-stepped with <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41129967/market-sells-off-over-irans-attack-on-israel-port-strikes-hurricane-helene-national-se">the broader market that swooned</a> following the aggravation of geopolitical tensions in the Middle East, the Hurricane Helene that hit the Southeastern states and dock workers&#8217; strike. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Reliable Tesla Number Cruncher Forecasts Biggest Delivery Beat In 3 Years: Fund Manager Says This Could Change The Stock's Narrative

Investors faced a turbulent day in the stock market, reacting to a series of events that could potentially impact the values of stocks and sectors in the coming weeks. The S&amp;P 500 and the Nasdaq indices were affected by geopolitical tensions in the Middle East, the aftermath of Hurricane Helene, and ongoing port strikes. 
The major indices closed the day lower, with the Dow Jones Industrial Average slipping 0.4% to 42,156.97 and the S&amp;P 500 falling 0.9% to 5,708.75. The Nasdaq finished Tuesday down 1.5% at 17,910.36.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) closed down 1.38% at $258.02, with an intraday high of $263.98 and low of $248.53. Tesla&#8217;s recent 24% monthly surge sets the stage for a pivotal October, with analysts <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41116889/tesla-stock-speeds-ahead-of-mag7-peers-can-octobers-robotaxi-reveal-keep-the-momentum">closely watching</a> the upcoming Robotaxi event on Oct. 10, anticipated to bring significant updates on full self-driving and autonomous vehicles. Key announcements on operating costs, scaling, and potential new models could shape Tesla&#8217;s next chapter.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) ended the day down 0.64% at $185.13. The tech giant&#8217;s stock was affected by a <a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping">dockworkers strike</a> that could potentially impact holiday shopping and cost the economy $540 million daily. Tech giants are bracing for potential disruptions that may affect East Coast ports.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a>
Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) closed up 0.83% at $89.13. The company&#8217;s shares rose despite <a href="https://www.benzinga.com/news/earnings/24/10/41129610/nike-q1-earnings-revenue-miss-eps-beat-teams-energized-amid-ceo-transition-a-comeback-at-this-scale">missing revenue estimates</a> in its first-quarter financial results.
Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) ended the day up 0.64% at $81.27. The retail giant&#8217;s stock was <a href="https://www.benzinga.com/insights/news/24/10/41121254/walmart-president-and-ceo-trades-companys-stock">influenced</a> by the company&#8217;s CEO Douglas McMillon selling 29,124 shares of Walmart, as revealed in a recent SEC filing.
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) closed up 6.24% at $112.74. The company&#8217;s shares surged amidst <a href="https://www.benzinga.com/news/24/10/41120957/alibabas-sun-art-faces-uncertainty-as-trading-suspension-fuels-divestment-rumors-report">speculation about Alibaba&#8217;s divestment</a> of stake in Sun Art Retail Group.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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