Asset Classes

Free investment financial education


Multilingual content from IBKR

Close Navigation
Learn more about IBKR accounts

5 Key Headlines You May Have Missed From This Weekend

Posted October 4, 2021 at 9:45 am
Madhukumar Warrier

Tesla Deliveries, Rivian Feud, Trump’s Twitter Suit, Ethereum Popularity, Dogecoin Knockoffs

Heading into a new trading week, here is a quick roundup of the top five stories from the technology, cryptocurrency and corporate sectors that investors would not want to miss out on from the weekend.

1. Tesla Q3 Deliveries Zoom Despite Hurdles: 

Electric vehicle maker Tesla Inc. TSLA reported better-than-expected deliveries of 241,300 vehicles for the third quarter, representing a 73.2% year-over-year growth despite the chip shortage, stiff competition and demand slowdown in its key market of China. During the quarter, the Elon Musk-led company produced 228,882 Model 3/Y vehicles and 8,941 Model S/X vehicles.

2Trump Sues Twitter:

Former U.S. President Donald Trump has filed a lawsuit against Twitter Inc. TWTR as he seeks to reinstate his account on the social media platform. Twitter had permanently banned Trump from its platform after a pro-Trump mob stormed the U.S. Capitol building in January this year.

3. Tesla Escalates Feud with Rivian: 

Tesla has intensified its fight with Inc. AMZN-backed Rivian Automotive Inc. by accusing the electric truck maker of poaching its employees and stealing highly sensitive proprietary battery technology. Rivian responded by saying there is not enough evidence to justify Tesla’s claims.

4. Ethereum Preferred Over Bitcoin: 

Highlighting the growing popularity of Ethereum ETH, a new study by CryptoCompare has found that institutional investors are for the first time preferring digital asset management firm Grayscale’s Ethereum Trust ETHE over the firm’s Bitcoin Trust GBTC. The Grayscale Bitcoin Trust holds 46% of the 1.4 million Bitcoin BTC held by publicly traded companies.

5. Musk Fails To Inspire Rally In Dogecoin Knockoffs:

Tesla Inc.&nbspTSLA CEO Elon Musk tweeted a photo of his Shiba Inu dog Floki in the front trunk of his car but the move evoked only a short-lived spike in the price of Dogecoin DOGE knockoffs. In contrast, the Floki-themed coins had soared when Musk first shared the news of Floki’s arrival last month.

What Else: 

Among other stories from the weekend, investors would want to check out the Benzinga EV week in review, the week ahead in Biotech, what the stars foretell for Musk, how popular money manager Cathie Wood has chided traditional automakers by citing Tesla’s strong third-quarter deliveries, and how a Facebook Inc. FB executive has disclosed her identity and accused the social media company of “betrayal of democracy”.

Originally Posted on October 4, 2021 – 5 Key Headlines You May Have Missed From This Weekend

Disclosure: Benzinga

© 2022 Benzinga does not provide investment advice. All rights reserved.

Disclosure: Interactive Brokers

Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Benzinga and is being posted with its permission. The views expressed in this material are solely those of the author and/or Benzinga and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Disclosure: Bitcoin Futures

TRADING IN BITCOIN FUTURES IS ESPECIALLY RISKY AND IS ONLY FOR CLIENTS WITH A HIGH RISK TOLERANCE AND THE FINANCIAL ABILITY TO SUSTAIN LOSSES. More information about the risk of trading Bitcoin products can be found on the IBKR website. If you're new to bitcoin, or futures in general, see Introduction to Bitcoin Futures.

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.