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Happy Wednesday Zingernation! Deadlines are tough. I was supposed to have my six pack at the start of the summer, but it’s still a work in progress. I was planning on having a bed frame a week after moving into my new apartment but more than a month later I’m still sleeping on a mattress on the floor. But it’s not just me, Elon Musk knows a thing or two about missing deadlines, and we’re going to breakdown Tesla’s earnings report which is driving the stock lower. Also, why BofA loves this once beaten-down sector.

—Aaron Bry & Nic Chahine

Plus, meet the company that’s ensuring that businesses and organizations remain secure amid the rise of AI and new technologies.

MARKET SNAPSHOT

Yesterday: The market was green for most of the day, but by the time I grabbed an afternoon cup of coffee and got back in front of my computer, my whole screen was red. $GM traded higher premarket on Tuesday after a strong report and ended up closing the day down more than 6%.

On Our Radar: Still going strong in earnings season. AT&T reported this morning, trading slightly higher, and then this afternoon we will hear from Chipotle, Ford and more.

TOP STORY

What’s Going On With Tesla’s Stock This Morning?

Basically: Tesla reported earnings yesterday afternoon and the market was looking for clarity on some of the company’s ambitious timelines regarding robotaxis and full self driving.

What Happened: But, you know what the market didn’t get? Clarity on some of the company’s ambitious timelines for robotaxis, FSD, or its humanoid robots. Here’s what the stock is doing this morning.

PRESENTED BY iLEARNINGENGINES

The Proliferation Of AI Has Brought With It New Security Risks – iLearningEngines Is Finding New Ways to Enable Security For An AI World

Artificial intelligence is rapidly transforming the global landscape in manyways, but it should not come at the expense of information security as it opens up higher productivity levels. AI-powered tools automate tasks, streamline processes, and replicate human-like understanding, reasoning, and decision-making. However, to fully harness this potential, businesses must address challenges like data quality, privacy and siloed enterprise systems, and bring machine cognition and comprehension with AI. iLearningEngines applied AI platform enables organizations to do this by creating AI Engines on the platform, utilizing specialized data sets.

Click here to learn more.

FIVE ZINGERS

Called Out: The ‘AI arms race’ is on for big tech companies, and here’s why Mark Zuckerberg is calling out OpenAI’s Sam Altman.

New Kid On The Block: Bitcoin ETFs took over the crypto world after the SEC approved them late last year. But will $ETH ETFs get the same love?

To A $T: AT&T reported some strong earnings this morning, with growth in the company’s free cash flow, which could lead to increased dividends.

Insider Selling: Insiders have been selling shares at NVIDIA, Mcdonald’s and these other stocks, in a potentially bearish signal.

The Cramer Call Out: Jim Cramer called out any investors selling Tesla or Google shares after earnings. Here’s why.

ONE FOR THE ROAD

Bank Of America Raises Projections For Cruise Line Stocks: 'More Insulated From The Airline Trends'

Bullish Coverage: Bank of America analysts have expressed optimism about the cruise line industry ahead of upcoming earnings reports, forecasting potential stock price increases.

Analyst Calls: The analysts highlighted that U.S. airlines are facing pricing challenges due to overcapacity and demand concerns, as noted by Ryanair in their latest earnings report. Here’s why the bank likes the cruise industry more than airlines, and which specific stocks BofA is bullish on.

PRESENTED BY BENZINGA

The Weekly Whisper Index: 5 Secret Stocks

Exclusive for Benzinga Edge members! The Weekly Whisper Index reveals five under-the-radar stocks gaining investor attention. (Spoiler: Members also get less ads on Benzinga.com.) Access NOW.

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