Analysts discussed stocks including Tesla and Costco on Tuesday. Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick, while Redburn Atlantic downgraded Costco to neutral. Bank of America upgraded data center company Johnson Controls to buy, citing its data center assets and pending divestitures. Apple’s iPhone 16 launch was considered in-line with expectations by analysts, with UBS and Goldman Sachs providing differing outlooks on iPhone demand. Bernstein initiated coverage on GE Aerospace with an outperform rating, citing growth opportunities. Costco was downgraded by Redburn Atlantic, while Deutsche Bank named Tesla a top pick, citing its potential in reshaping multiple industries. Tesla shares have experienced a 13% decline year to date but have seen a 24% increase over the past three months. CEO Elon Musk believes that self-driving cars and end-to-end AI are key areas for Tesla’s growth. Despite the recent stock performance, the company remains focused on developing innovative technologies for the future.
Full Article
Elon Musk’s Starlink Expands Across White House Complex
Starlink, the satellite internet service by SpaceX, is now accessible at the White House campus, part of Elon Musk's efforts to improve Wi-Fi connectivity in government buildings. Installation of Starlink was overseen by a security engineer working with Musk's companies, sparking concerns about conflicts of interest but was deemed not a security breach. Starlink has been set up at various government properties, including the General Services Administration, as Musk continues to modernize technology in federal...
Read more