Tesla’s Futuristic Robotaxi Debut: Breakthrough or Just Hype?

Image source: Wikimedia Commons

Tesla’s Futuristic Robotaxi Debut: Breakthrough or Just Hype? 🚗 Tesla is set to reveal its "Cybercab" robotaxi, potentially without steering wheels or pedals. Analysts are split—some call it a leap for AI, others question if the tech can deliver on its bold promises. Yahoo reports.

🗳️ ChatPoll: OpenAI sees continued attempts by threat actors to use its models for election influence. Reuters reports.

💰 InvestIndia: Hyundai prices $3 billion India IPO at 1,865-1,960 rupees per share. Yahoo Finance reports.

🛑 Monopoly: DOJ’s Google breakup remedy puts tech world on notice. Yahoo Finance reports.

✈️ BoeingStrike: Boeing withdraws contract offer after talks with striking workers break down. APNews reports.

🚀 Greenlight: US FAA could approve SpaceX Starship 5 license this month, source says. Reuters reports.

📈 KKRise: KKR-Owned BMC to separate into two private software companies. Bloomberg reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $BLMZ: BloomZ
Total gain: 71.97%

2. $CNEY: CN Energy Group
Total gain: 53.53%

3. $TVGN: Tevogen Bio Holdings
Total gain: 47.62%

4. $CRKN: Crown ElectroKinetics
Total gain: 22.22%

5. $WHLR: Wheeler Real Estate IT
Total gain: 20.79%

Devastation from Hurricane Helene could bring semiconductor chipmaking to a halt

The devastation in North Carolina in the wake of Hurricane Helene could have serious implications for a niche — but extremely important — corner of the tech industry.

Tucked in the Blue Ridge Mountains on the outskirts of Spruce Pine, a town of less than 2,200, are two mines that produce the world’s purest quartz, which formed in the area some 380 million years ago. The material is a key component in the global supply chain for semiconductor chips, which power everything from smartphones and cars to medical devices and solar panels.

But operations at the facilities have halted since Hurricane Helene tore through the southeast United States last month, causing historic flooding and landslides, cutting off roads and power and endangering millions of residents.

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The closing price of the top three market percent gainers trading near or above $3 on October 9.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $BNZI: Banzai International
Total gain: +81.89%
The company announced a comprehensive initiative aimed at significantly improving its net income while maintaining its growth outlook. Banzai plans to achieve this by reducing annual operational expenses by up to $9.9 million by March 31, 2025, and cutting other expenses by up to $3.6 million. Once fully implemented, the overall improvement in net income is expected to be approximately $13.5 million annually. Benzinga reports.

2. $SRFM: Surf Air Mobility
Total gain: +30.90%
The stock appeared to be moving on no notable news.

3. $ALTM: Arcadium Lithium
Total gain: +30.90%
Rio Tinto is acquiring American producer Arcadium for $6.7 billion USD. This acquisition will provide Rio Tinto, the world’s second-largest miner, with access to a steady supply of lithium, a key component in electric vehicle (EV) batteries. Rio Tinto is seeking to diversify beyond its global operations. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

NEOG: Neogen
1Q 2025
Before Market Open
Estimate: 0.080
Actual: 0.070

DPZ: Domino's Pizza
3Q 2024
Before Market Open
Estimate: 3.620
Actual: 4.190

DAL: Delta Air Lines
3Q 2024
Before Market Open
Estimate: 1.550
Actual: N/A

Time (ET) / Report / Period

8:30 am - Initial jobless claims - October 5
8:30 am - Consumer price index - September
8:30 am - Core CPI - September

"The companies that will succeed in the long term are those that can adapt to changing circumstances, maintain their quality, and deliver consistent returns over time."

― Terry SmithSourced in:
"Investing for Growth: How to Make Money by Investing in Quality Companies",
by Terry Smith, published in 2021