In today’s pre-mkt summary for Subscribers: Stocks headed for a third day of losses in front of today’s Nov jobs report; Brent crude fell below $60/bbl to its lowest level in five years as ample global supply continued to outstrip demand, against the backdrop of a potential Russia/Ukraine peace deal; #btc dropped -4.1% to $86.3K over the past 24 hours. 10yrTYs were stable as central bankers likely welcomed the drop in crude prices, which supports further int rate cuts.
$Tesla(TSLA.US) -1.3% pre-mkt after rising +3.6% yesterday after posting two videos of TSLA Model Ys driving themselves in Austin with no one in the cars. The next major $Tesla(TSLA.US) catalyst remains removal of safety monitors in all Robotaxis, which would signal an imminent scale up, and which Elon has targeted in Austin by year-end. We remain cautious about $Tesla(TSLA.US) ‘s 2026 P/E of 210x vs +35% forward long-term growth, given our long-held view that while TSLA will soon solve for unsupervised autonomy, so will a handful of others ( $Alphabet - C(GOOG.US), $Baidu(BIDU.US), $Pony AI(PONY.US), $WeRide(WRD.US), $Amazon(AMZN.US)) who are already completing 750K paid unsupervised autonomous rides per week.The copyright of this article belongs to the original author/organization.
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