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At Tesla’s recent "We, Robot" event, the company introduced two exciting new products: the Optimus humanoid robot and the Cybercab robotaxi. The Optimus Gen robot is designed to handle tasks both at home and in industries, with the goal of making robots affordable for everyday use at around $20,000-$30,000.

The Cybercab, a fully self-driving vehicle with no steering wheel or pedals, is expected to start production by 2026 and could change how we think about transportation by offering a cheaper and convenient way to get around without a driver. These innovations show how Tesla is working to bring advanced robotics and autonomous cars into our daily lives.

However, not everyone was impressed with the event as Tesla’s share price nosedived 8% on the market opening.

Many investors and analysts felt it was heavy on showmanship but light on important details - where any achievement is at least several years into the future…

Here are the news that shocked the world…

AMD take on Nvidia: AMD has just announced its new chip focused on AI data centres to compete with Nvidia [Read More]

Tesla fails to impress: Tesla shares drop 8% pre-market after its hyped up Cyber-cab Robotaxi reveal was light on details and any progress are years away [Read More]

PepsiCo: Revenue fell by 0.6% in the latest quarter as it reduces its annual forecasted sales growth amid consumers’ shift to healthier beverages [Read More]

Eli Lily: Eli Lily’s weight loss drugs are no longer in short supply, and have gained market share from Novo Nordisk’s Ozempic and Wegovy [Read More]

Google break-up?: The U.S. Department of Justice is considering to break up Google’s monopoly [Read More]

McDonald’s suing: McDonald’s is suing U.S. meat companies for colluding to keep prices high [Read More]

Apple ring: Apple could be launching a connected ring by 2026 to compete against Samsung’s Galaxy Ring [Read More]

Here are the news covering the Asia market…

Huawei: Huawei’s smartphone sales in China beat Apple for the first time in 26 months [Read More]

TikTok earphones: ByteDance, the owner of TikTok, launched a new earphone that allows the user to talk to its GenAI chatbot [Read More]

China strikes back: China imposed temporary penalties on Europe’s brandies after Europe imposed tariffs on China’s electric vehicles [Read More]

Goodwill Ent IPO: Goodwill Entertainment, an entertainment company, has filed for an IPO on the Catalist market in the Singapore Exchange [Read More]

Food Innovator IPO: Food Innovator plans to raise SG$3.1 million in its listing to expand outside of Japan and into Singapore and Malaysia [Read More]

SingTel AI: Singaporean companies can now access SingTel’s AI cloud offering, RE:AI [Read More]

See below for our handpicked analyst reports:

Here’s the Offshore Marine report as promised in my Youtube video above too!

The wheels on the bus go round and round… round and round.

As a parent, you must be sick of this song being played a billion times to put your kids to sleep.

But it describes the Chinese stock market perfectly.

Over the past 4 years, investors have run this hamster wheel. Its strict pandemic control received positive vibes from investors in the beginning.

However, when other economies reopened and China was still stubborn, investors pulled out.

Then, when it wanted to reopen, investors came back again but left shortly after a lack of government support and a lacklustre economy.

Now, the government is back full force again with rate cuts. But is it too little, too late?

Only time will tell…

There is probably no better time to talk about Tesla than in this week’s newsletter given the big showcase of Tesla’s Optimus Gen robots and Robotaxis!

With that, we will be covering the BULL & BEAR case of Tesla.

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