Investing Koala

Tesla expected to report 1st sales drop since Covid at 5:30 PM ET, as stock drops to Jan. 2023 low

Tesla stock dropped for the 7th consecutive day on Monday to a 16-month low

The above storylines have been a boon to those betting against Tesla the last few months. The car company currently sits behind Nvidia, Microsoft, and Apple as the fourth most popular stock to bet against in US markets. Short interest in Tesla now hovers at $16.62 billion, according to data from S3 Partners.

Australian PM has slammed billionaire Elon Musk

Prime Minister Anthony Albanese has slammed billionaire Elon Musk for choosing “ego and showing violence” over common sense after the X owner accused Australia of censorship.

Rare Rolex Fetches Record $3.5 Million

A rare Rolex with a split-second chronograph sold for €3.3 million ($3.5 million) at auction in Monaco, a record price for the model. The Rolex 4113, produced in 1942 and one of just 12 ever made and nine known to exist, was sold on Saturday at the Monaco Legend Group auction. The sale beats the model’s previous record of 2.4 million Swiss francs ($2.6 million) which was paid in 2016 at a Phillips auction in Geneva. Collectors are still willing to break records for rare and unique items despite a pullback in second-hand prices for Rolex, Patek Philippe and Audemars Piguet watches that peaked in 2022.

Binance’s spot market share drops from 81% in 2023 to 55% in 2024

Headlines

Apple acquires French AI startup specialized in on-device tools.

Apple’s China iPhone sales -19% in Q1: new study.

FIFA Club World Cup 2025 rights being seeked by Apple TV.

FTX estate to sell remaining locked SOL via auction.

Ripple proposes $10M penalty instead of $1.95B in SEC case.

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