Diamonds and Dogs
Tesla (TSLA) up 3% to an eight-month high as they rev up their trucks. News reporting firm, Electrek reported today that Tesla is planning to produce 375,000 Cybertrucks a year, much more than than the 100,000 trucks Wall Street expected. Analysts didn't expect Tesla to produce 240,000 trucks by 2027. So far the Cybertruck is primarily a North American product.
Meme stock, GameStop (GME) drops over 20% after disappointing earnings and news the CEO Matthew Furlong, the former Amazon executive and CEO Matt Furlong was fired and replaced by the biggest investor and activist at RC Ventures, Ryan Cohen. The new will look to stabilize and optimize our GameStop's core business and achieve sustained profitability. Investors don't seem too optimistic.
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