#Tesla

#Tesla

S&P 500 futures are down about 21 points. The SPDR S&P 500 ETF ( SPY) is down about a point. Dow futures are down about 126, as the Nasdaq slips about 112 points. While the day doesn't look bright, keep your eye on the 50-day moving average on the major indices. That moving average has now served as strong support a few times. And if it happens again, the major indices could bounce.

The lawsuits, , allege that management and staff at Tesla's factory in Fremont, California, routinely subjected Black employees to harassment and racial bias, including using racist language and deliberately holding back promotions. Four lawsuits filed in September by the Oakland law firm Hunter Pyle Law in against Tesla in California Superior Court have been removed to federal court in California, in the Northern District of California, which has courtrooms in San Jose, Oakland and San Francisco.

The AI5 chip is Tesla's next-generation hardware chip for its self-driving program, Optimus humanoid robots, and other AI-driven features in both vehicles and other applications. It will be the successor to the current AI4, previously known as Hardware 4, which is currently utilized in Tesla's newest vehicles. AI5 is specially optimized for Tesla use, as it will work alongside the company's Neural Networks to focus on real-time inference to make safe and logical decisions during operation.

Markets are still concerned that AI valuations are stretched. Leading recent AI losses, Palantir ( NASDAQ: PLTR) dropped, even after beating earnings estimates with solid guidance to boot. EPS of 21 cents beat estimates of 17 cents. Revenue of $1.18 billion was above estimates of $1.09 billion. While impressive, the market has become nervous about Palantir's valuation - especially as it trades at 200x forward earnings.

Tesla investors are ditching Charles Schwab as their brokerage after the firm said earlier this week that it would vote against CEO Elon Musk's new compensation package. Several high-profile Tesla influencers are speaking out against Charles Schwab, saying its decision to vote against the plan that would retain Musk as CEO and give him potentially more voting power if he can achieve the tranches set by the company's Board of Directors.

Norway's sovereign wealth fund has said it will vote against a $1tn (765bn) pay package for the Tesla chief executive, Elon Musk. The fund, which is the biggest national wealth fund in the world, said that while it appreciated the the significant value created under Mr Musk's visionary role it would vote against his performance award. We are concerned about the total size of the award, dilution and lack of mitigation of key person risk consistent with our views on executive compensation, it said.

Optimus can fold laundry. I've been in the lab with Optimus. He can fold laundry. He can wipe the table really well. He can hand things to you. You can actually shake hands with him. The tactile nature of his hand is actually really very good,