First Trust S-Network Future Vehicles & Tech ETF

Tesla Announces Model Y L Delivery This Quarter

Tesla Plans to Connect Major Indian Cities with Supercharger Infrastructure

TSMC will hold its 2026 North America Technology Symposium on April 22, expected to announce the latest progress on its A14 process and advanced packaging technologies.

Microsoft releases TypeScript 7.0 beta, boosting compilation speed by 10x

Intel and Other Tech Giants Intensify Focus on Glass Substrate Technology

Apple promotes key executives, potentially accelerating its dominance in self-developed chips

Industry Trend: Intel, Apple, and other giants invest in next-generation chip packaging technology 'glass substrate'

Rumors suggest TSMC's new 1nm fab may be located in Kaohsiung's Baipu Park; officials have not confirmed but indicate good news is coming in Q3.

Nvidia approached South Korean power firms over data center infrastructure, report says

Apple confirms its annual Worldwide Developers Conference (WWDC) will be held on June 8

AI service provider Nscale adds 30,000 of NVIDIA's next-gen Rubin GPUs to its order, bringing the total to 130,000

Microsoft Advertising launches AI Max for Search and other new features to improve ad visibility in the AI era

Microsoft's Xbox division is rumored to be laying off 15% of its staff

Samsung's DRAM chip supply to Tesla reportedly surged threefold in April due to soaring demand.

TSMC Chairman comments 'no shortcuts in wafer fabrication,' Musk responds regarding 'Terafab' giga-foundry plan

OpenAI releases ChatGPT Images 2.0 and opens it to the world for free, advancing multimodal AI technology

Google Launches Gemini 3.1 Pro-Based AI Agents to Catch Up with Anthropic

Microsoft Fixes File History Repeatedly Prompting Disconnection Issue in Windows

NVIDIA CEO Jensen Huang states the company produces the world's lowest-cost tokens through a full-stack strategy.

Microsoft Executive Denies Rumors of Exiting Hardware Market, Confirms Project Helix is a First-Party Console

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Apella Capital LLC increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 22.6% in Q4, owning 102,628 shares valued at approximately $49.6 million. Other hedge funds also raised their positions in Microsoft. Positive developments include OpenAI's launch of ChatGPT Images 2.0 and large enterprise deals enhancing Azure adoption. However, Citigroup lowered its price target for MSFT from $635 to $600, and a UK tribunal ruled Microsoft must face a £2.1 billion lawsuit over alleged overcharging for Windows Server licenses.

- Apella Capital LLC increased its stake in Microsoft Corporation by 22.6%, owning 102,628 shares worth $49.6 million after acquiring additional shares in Q4.  
- Other hedge funds also adjusted their positions in Microsoft, with significant increases from IRON Financial LLC and Trifecta Capital Advisors LLC, as hedge funds now own 71.13% of the stock.  
- Key developments include OpenAI's launch of ChatGPT Images 2.0 and a UK lawsuit against Microsoft, impacting investor sentiment and stock valuation ahead of the upcoming earnings report.

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Apella Capital LLC Boosts Stake in Microsoft Corporation $MSFT

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Albion Financial Group UT reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 6.0% in Q4, selling 8,357 shares. The firm now holds 131,109 shares, valued at approximately $63.4 million, making Microsoft its 4th largest position. Other hedge funds have also adjusted their stakes in MSFT. Microsoft shares opened at $424.16, with a market cap of $3.15 trillion. The company reported strong quarterly earnings, beating estimates, and announced a quarterly dividend of $0.91, with a yield of 0.9%.

- Albion Financial Group UT reduced its stake in Microsoft Corporation by 6.0%, holding 131,109 shares after selling 8,357 shares in Q4.  
- Institutional investors own 71.13% of Microsoft, which reported $4.14 EPS and $81.27 billion revenue last quarter, exceeding estimates.  
- Analysts project a consensus target price of $576.66 for Microsoft, currently rated as a Moderate Buy despite ongoing scrutiny over AI investments and legal challenges.

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Albion Financial Group UT Sells 8,357 Shares of Microsoft Corporation $MSFT

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Chinese automakers are increasingly expanding internationally due to domestic market pressures, according to automotive analyst Lei Xing. He describes this trend as a "natural evolution" as companies reach operational maturity in China. Recent data shows a significant rise in vehicle exports, with China's passenger car exports jumping 82.4% in March. Major companies like BYD and Geely are enhancing their overseas sales efforts. The shift towards EVs is also expected to be influenced by rising fuel prices and energy shocks from geopolitical events.

- Automotive analyst Lei Xing described the international expansion of Chinese automakers as a "natural evolution" due to increasing domestic pressures.  
- Recent data shows China's passenger car exports surged 82.4% in March, with significant growth in new energy vehicle exports, indicating a broader strategy for global market penetration by companies like BYD and Geely.  
- The current trends align with expectations that external factors, such as the energy crisis, may drive more consumers towards electric vehicles.

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China's EV Giants Go Global as Domestic Market Feels the Pressure: Analyst Terms It 'Natural Evolution'

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Tesla (TSLA) has underperformed the broader market, down ~4% post US-Iran ceasefire, and is down 14.1% year-to-date. Technical indicators show a bearish bias, with rejection at the 200-day moving average and potential for a "Double Top" formation. A break below 363.80 could lead to further declines towards 337-288. Momentum indicators confirm weak relative strength against the S&P 500, suggesting continued underperformance unless TSLA breaks above 417.40.

- Tesla (TSLA) has underperformed against the market rally, declining approximately 4% compared to significant gains in peers since the US–Iran ceasefire.  
- The stock's price action indicates a bearish technical structure, with rejection at the 200-day moving average and the potential for a “Double Top” formation, implying further downside risk.  
- Weak momentum and declining relative strength against the S&P 500 suggest continued underperformance unless Tesla breaks decisively above 417.40.

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Tesla (TSLA) Technical: Bearish reaction from 200-day MA with weak relative strength

Tesla is set to report its Q1 FY26 earnings today, with expectations of $0.36 EPS and $22.27 billion in revenue. However, investors should be cautious due to three red flags: rising spending with negative cash flow projected at -$1.8 billion, a significant inventory build indicating demand pressure, and a stretched valuation with a forward P/E of 370x. Wall Street holds a consensus rating of Hold on TSLA stock, with a price target of $403.13, suggesting limited upside.

- Tesla is set to report its Q1 FY26 results today, with projected EPS of $0.36 and revenue of $22.27 billion, showing year-over-year growth.  
- Key concerns include rising spending surpassing $20 billion amid negative cash flow and an unusual inventory build of 50,000 unsold vehicles, indicating potential demand issues.  
- Additionally, Tesla's high valuation, trading at a forward P/E of approximately 370x, suggests significant risk for investors and could lead to volatility following the earnings report.

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All Eyes on Tesla: 3 Red Flags Investors Can't Ignore Ahead of Q1 Earnings

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Tesla's sales in California fell by 24.3% in Q1 2026, with EV market share dropping to 13.7%, the lowest since 2021. Tesla sold 31,958 units, down from 42,211 units last year, despite the Model Y being the best-selling EV at 22,907 units. Tesla's market share increased to 56%, indicating a decline in competition. CEO Elon Musk defended the company amid a broader drop in EV demand and reported 358,000 deliveries against 408,000 manufactured units, leaving over 50,000 unsold. TSLA shares fell 1.55% to $386.15 at market close.

- Tesla Inc. reported a 24.3% drop in sales in California during Q1 2026, signaling a decline in overall electric vehicle (EV) demand in the state.  
- EV market share in California fell to 13.7%, down from 20.9% the previous year, despite Tesla's market share increasing to 56%.  
- The decline in sales coincides with disappointing first-quarter deliveries, where over 50,000 units remain unsold, contributing to a challenging landscape for the EV market.

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Tesla California Sales Fall 24% In Q1 Despite Model Y Leading EV Sales

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Intel (INTC) has shifted from a turnaround narrative to a critical earnings phase, with its stock potentially outpacing fundamentals. While optimism surrounding its foundry strategy and product momentum has boosted sentiment, upcoming Q1 results must demonstrate that the business aligns with the stock's rise. The key question is whether the stock's rapid ascent is justified and how much recovery is already reflected in its price. Despite the recent gains, a bullish outlook remains, contingent on future execution and financial milestones.

- Intel has shifted from a turnaround narrative to a critical earnings situation, with stock performance outpacing its fundamentals.  
- Upcoming Q1 results are essential to demonstrate whether the company's recovery aligns with stock movements, raising concerns about potential overvaluation.  
- Despite recent gains, the future stock performance of Intel relies on successful execution and significant financial milestones.

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Intel (INTC) Is Back in the Game. Did the Stock Move Too Fast Heading into Q1?

Cathie Wood of ARK Invest has backed a $1.75 trillion valuation for SpaceX, highlighting its role in the future space economy. Key drivers include Starlink's revenue potential, reduced launch costs, and opportunities in the 'orbital economy.' SpaceX is also moving into AI with a potential acquisition of Cursor. The company plans an IPO on NASDAQ in June 2026, aiming to raise $75 billion and possibly reserving 30% of shares for retail investors. This IPO could significantly impact Tesla's stock and the broader tech sector.

- Cathie Wood of ARK Invest refrained from significant trading activity on April 21, while ARK reported a $1.75 trillion valuation for SpaceX, emphasizing its role in the future space economy.  
- The report identifies three valuation drivers: Starlink's revenue potential, a 95% reduction in launch costs, and prospects in the "orbital economy."  
- Additionally, SpaceX is preparing for a June 2026 IPO, aiming to raise $75 billion, which may affect Tesla's stock performance due to their interconnected businesses.

Cathie Wood Signals Big Bet on SpaceX Ahead of June IPO. Here's Why

- An indefinite ceasefire in the Middle East is anticipated to preserve April's risk momentum, allowing focus on corporate earnings and economic data.  
- U.S. President Donald Trump has announced a ceasefire extension without clear agreements from Iran or Israel, while maintaining a blockade on Iran, which keeps Brent crude prices near $100 per barrel.  
- Important upcoming data includes the British inflation report, expected to show a rise to 3.3%, and earnings reports from Texas Instruments and Tesla, which will help gauge corporate responses to current energy and supply chain challenges.

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Texas Instruments

MORNING BID EUROPE-Indefinite ceasefire, markets unbothered

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On April 21, Eastern Time, AMD options saw a total of 572332 contracts traded, with calls accounting for 59% and puts making up 40%.

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Trending | AMD Increases 3% on Tuesday, Some Call options Soar 166%

Sen. Elizabeth Warren has intensified her criticism of Elon Musk, alleging that he controls a secretive network of over 90 companies, which may have influenced the Treasury's decision to weaken corporate disclosure rules. Warren's claims are based on a New York Times investigation, suggesting Musk's network is designed to obscure his financial activities, including support for Trump's 2024 campaign. This has prompted a Democratic inquiry into whether Musk's actions led to the Treasury's suspension of enforcing the Corporate Transparency Act, which requires businesses to disclose ownership information.

- Sen. Elizabeth Warren criticized Elon Musk, linking his control over a network of over 90 companies to efforts to weaken federal corporate-disclosure rules.  
- She referenced a New York Times investigation indicating Musk uses limited liability entities to obscure his spending, potentially affecting transparency regarding his political contributions.  
- This scrutiny arises amid a Democratic inquiry into the Treasury's decision to suspend penalties under the Corporate Transparency Act, which could allow Musk's interests to remain hidden.

New York Times

Thomson Reuters

Elizabeth Warren Says Elon Musk's Alleged 'Secretive Network' Of Companies Explains Why He Wanted Trump To 'Look Into' Transparency Law

Elon Musk's SpaceX is preparing for a potential record IPO, targeting a $75 billion capital raise by late June. The company disclosed a $60 billion option to acquire AI startup Cursor and plans to give Musk super-voting shares post-IPO. Despite a projected $4.94 billion loss in 2025, SpaceX aims for a $1.75 trillion valuation. A three-day analyst roadshow is underway to justify this valuation, while warnings about unproven technologies have been issued to investors. Musk plans to allocate 30% of shares to retail investors, expanding access internationally.

- SpaceX is preparing for a potential record-setting IPO by targeting a $75 billion capital raise and has disclosed plans for a $60 billion acquisition option for AI startup Cursor.  
- The company reported a consolidated loss of $4.94 billion in 2025 and is conducting a Wall Street analyst roadshow to support its $1.75 trillion valuation.  
- Musk aims to allocate about 30% of shares to retail investors and has invited them to visit its Starbase launch facilities as part of its outreach efforts.

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Morningstar

This week at SpaceX: AI bets, losses and push for control as mega IPO looms

Tesla's vehicle registrations in California fell by 24.3% in Q1, marking the largest decline in the state, as the overall EV market slowed. Contributing factors include the expiration of the $7,500 federal tax credit, high interest rates, and rising car prices. Total zero-emission vehicle sales dropped by 40% year-over-year. Analysts predict modest growth for Tesla, but potential for a third consecutive year of declining deliveries. Despite challenges, Tesla's Model Y and Model 3 remain popular. The company is set to report earnings soon, with a Hold consensus rating on TSLA stock and a price target of $403.13, indicating 3.6% upside potential.

- Tesla's vehicle registrations in California fell by 24.3% in the first quarter, marking the largest decline in the state, amid a general slowdown in the electric vehicle market.  
- Contributing factors include the expiration of the $7,500 federal tax credit, high interest rates, and increasing consumer caution, resulting in a 40% year-over-year drop in total zero-emission vehicle sales.  
- Despite concerns about its aging lineup and increasing competition, Tesla remains a market leader with its Model Y and Model 3 and is expected to report its earnings soon, revealing more on its financial outlook.

Tesla Registrations Sink in California as Overall EV Market Slows Down

General Motors has canceled its next-generation electric trucks, including the Chevrolet Silverado EV, GMC Sierra EV, GMC Hummer EV, and Cadillac Escalade IQ, with no planned successors. This decision marks a significant shift for GM, which had been aggressively pursuing the electric truck market. The cancellations come amid similar moves by competitors like Ford and Ram, who have also halted their electric truck plans. GM has not disclosed any future plans for electric trucks or autonomous driving technology, despite earlier announcements regarding the Escalade IQ.

- General Motors has canceled its next-generation electric trucks, including the Chevrolet Silverado EV and GMC Hummer EV, leaving these models without successors.  
- This decision is part of a broader trend, as companies like Ford and Ram also scrap their electric truck plans due to challenging market conditions and high production costs.  
- GM has not publicly disclosed any future plans for battery electric trucks, indicating a significant shift in their strategy amidst increasing competition in the electric pickup segment.

InsideEVs

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GM Just Canceled The Next-Gen Chevy Silverado EV, GMC Hummer EV, And Cadillac Escalade IQ

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Jim Cramer emphasized the importance of trading based on fundamentals rather than fear during stock sell-offs. He highlighted stocks like CrowdStrike, Microsoft, Blackstone, and UnitedHealth Group, which rebounded after initial declines due to market fears. Cramer argued that AI developments could enhance cybersecurity spending rather than hinder it, and he noted that strong management and business fundamentals can lead to recovery. He encouraged investors to differentiate between flawed narratives and actual business failures, suggesting that those who do will be rewarded over time.

- CNBC's Jim Cramer emphasized that stock sell-offs, while challenging for investors, can also present opportunities if one focuses on fundamentals rather than fear.  
- He cited examples like CrowdStrike and Microsoft, which rebounded after initial downturns driven by market fear and competition concerns, illustrating the importance of confidence in management and business models.  
- Cramer suggested that investors who differentiate between flawed narratives and viable businesses are likely to see long-term rewards, despite the inherent volatility in the market.

CNBC

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Jim Cramer says these stocks show why you need to trade on fundamentals, not fear

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First Trust S-Network Future Vehicles & Tech ETF Stock Performance Chart

Apella Capital LLC Boosts Stake in Microsoft Corporation $MSFT

Albion Financial Group UT Sells 8,357 Shares of Microsoft Corporation $MSFT

China's EV Giants Go Global as Domestic Market Feels the Pressure: Analyst Terms It 'Natural Evolution'

Tesla (TSLA) Technical: Bearish reaction from 200-day MA with weak relative strength

All Eyes on Tesla: 3 Red Flags Investors Can't Ignore Ahead of Q1 Earnings