it could all just be petty revenge
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Musk's Chip Diversion—Strategic Move or Power Play?
Elon Musk recently admitted to diverting a shipment of Nvidia AI chips meant for Tesla (TSLA) to his other companies, xAI and social media platform X (formerly Twitter), claiming the chips would have otherwise sat idle in a warehouse.
On the surface, this may seem like a practical decision, but there are questions about his true intentions.
Musk is currently entangled in a battle with Tesla shareholders over his pay package. Could this chip diversion be part of a larger strategy to leverage control over Tesla’s resources?
Some speculate that the often unpredictable CEO might be holding these valuable AI chips as a form of ransom, seeking greater influence and ownership within the company.… or maybe just the release of the billions in pay that he feels he’s owed.
Amid these maneuvers, Tesla’s stock has been fluctuating between $170 and $180, following a significant spike of 43% after a dismal earnings report in April. This volatility adds another layer of uncertainty for investors.
The situation raises important questions about Musk’s leadership and priorities.
Is he making decisions that benefit Tesla and its shareholders, or is he using his position to advance his interests in other ventures?
Only time will tell, but for now, the controversy surrounding Musk’s actions continues to fuel debate among investors and industry watchers.
Tesla Stock
Meanwhile, our own Jeffry Turnmire has a long term bullish view on TSLA.
His long term downside target proved right, as the stock bounced at its ultimate 138.80 low just before earnings in April.
He went on to say that if TSLA can work through significant resistance at the 200 level, he sees long term targets as high as $350 and even $500 in the cards for the car maker.
— The Prosperity Pub Team
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| [REVEALED] The NVDA Cash Generation Blueprint
Jack Carter is combining his most powerful strategy EVER…
With the hottest stock in the market right now!
The result is a powerhouse mix, sure to catapult your trading into the stratosphere!
Click here to access Jack’s NVDA Stock Spilt Summit! | | | | |
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| | | | SCOTT WELSH’S TICKER TALES
InterDigital Surging Toward a Breakout? (IDCC)
Some companies sneak toward their breakout levels.
They just take their time, moving up a few days and then pulling back. Moving up a few more days and then pulling back.
Or they go comatose, moving sideways lifelessly until the big move comes.
And others race to their breakout level like a bat out of Gotham.
InterDigital (IDCC) is looking like the last one.
Here’s the chart:
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| | | | After a large pullback, it’s been up seven weeks in a row.
If it breaks above $119.86, it could be off to the races.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. | | | | |
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PROSPERITY PUB MARKET TALK
Musk's Chip Diversion—Strategic Move or Power Play?
Elon Musk recently admitted to diverting a shipment of Nvidia AI chips meant for Tesla (TSLA) to his other companies, xAI and social media platform X (formerly Twitter), claiming the chips would have otherwise sat idle in a warehouse.
On the surface, this may seem like a practical decision, but there are questions about his true intentions.
Musk is currently entangled in a battle with Tesla shareholders over his pay package. Could this chip diversion be part of a larger strategy to leverage control over Tesla’s resources?
Some speculate that the often unpredictable CEO might be holding these valuable AI chips as a form of ransom, seeking greater influence and ownership within the company.… or maybe just the release of the billions in pay that he feels he’s owed.
Amid these maneuvers, Tesla’s stock has been fluctuating between $170 and $180, following a significant spike of 43% after a dismal earnings report in April. This volatility adds another layer of uncertainty for investors.
The situation raises important questions about Musk’s leadership and priorities.
Is he making decisions that benefit Tesla and its shareholders, or is he using his position to advance his interests in other ventures?
Only time will tell, but for now, the controversy surrounding Musk’s actions continues to fuel debate among investors and industry watchers.
Tesla Stock
Meanwhile, our own Jeffry Turnmire has a long term bullish view on TSLA.
His long term downside target proved right, as the stock bounced at its ultimate 138.80 low just before earnings in April.
He went on to say that if TSLA can work through significant resistance at the 200 level, he sees long term targets as high as $350 and even $500 in the cards for the car maker.
— The Prosperity Pub Team
[REVEALED] The NVDA Cash Generation Blueprint Jack Carter is combining his most powerful strategy EVER…
With the hottest stock in the market right now!
The result is a powerhouse mix, sure to catapult your trading into the stratosphere! Click here to access Jack’s NVDA Stock Spilt Summit! SCOTT WELSH’S TICKER TALES
InterDigital Surging Toward a Breakout? (IDCC)
Some companies sneak toward their breakout levels.
They just take their time, moving up a few days and then pulling back. Moving up a few more days and then pulling back.
Or they go comatose, moving sideways lifelessly until the big move comes.
And others race to their breakout level like a bat out of Gotham.
InterDigital (IDCC) is looking like the last one.
Here’s the chart:
After a large pullback, it’s been up seven weeks in a row.
If it breaks above $119.86, it could be off to the races.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. |
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