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Happy Friday! Last night Elon Musk said ‘Let’s party’ at Tesla’s Robotaxi event, but the only party trick was investors hitting the sell button. Investors and traders rushed to sell their Tesla shares after the event failed to live up to the hype. Plus, JP Morgan and other big-bank earnings are rolling in.

—Aaron Bry

Plus, if you’re looking to make more than 6% return through bonds, check out today’s partner.

MARKET SNAPSHOT

Yesterday: The market took a breather as inflation came in slightly higher than expected, sending stocks lower. AMD was a notable loser on the day, closing down 4% after the company’s AI event failed to impress investors.

On Our Radar: PPI on the way this morning, plus earnings from major banks like JP Morgan, Wells Fargo and more.

TOP STORY

Elon Musk's Fully Autonomous Driving Dreams Now Scheduled For 2025

What Happened: Tesla Inc CEO Elon Musk said on Thursday that the company will deploy autonomous full self-driving (FSD) technology on its Model 3 and Model Y vehicles in Texas and California next year but there are seemingly multiple hurdles on the way before the company’s driverless vehicles can be deployed on public roads.

The Reaction: Tesla’s stock is down more than 6% in pre-market trading this morning as the market reacts to the company’s event.

PRESENTED BY PUBLIC

Public Launches New 6.7% Yielding Bond Account

All-in-one investing platform Public recently launched its new Bond Account, offering a new way to invest in corporate bonds and take advantage of some of the highest bond yields in years. When you invest your cash in a Bond Account, you can lock in a 6.7%* yield with a diversified portfolio of investment-grade and high-yield bonds that generate 20 interest payments annually. Unlike other investing platforms, many of which charge $10,000+ to invest in just one bond, Public allows you to get started with as little as $1,000. Plus, you can continue earning a 6.7%* yield, even if the Fed continues to cut rates.

Discover a new way to invest in bonds and lock in a 6.7% with a Bond Account on Public.

Lock in your 6.7% yield

FIVE ZINGERS

Getting A $LYFT: Uber and Lyft shares are trading higher this morning, potentially off of Tesla’s Robotaxi event. Here’s what’s going on.

Into The Air: $AEHR shares are surging higher this morning after the chip-testing company reported stronger-than-expected earnings.

These Utes Are Beauts: Here’s what Wall Street’s most accurate analysts think about these utility stocks with more than 4% dividends.

Not So $FAST: Fastenal reported earnings this morning with the construction-based company delivering stronger-than-expected numbers.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

JPMorgan Chase Q3 Earnings: Investment Banking Revenue Soars 29%, Largest Bank Raises Net Interest Income Outlook

Basically: JPMorgan Chase & Co shares are trading higher premarket after it reported third-quarter FY24 results.

The Numbers: Reported revenue rose 7% year-on-year to $42.654 billion, beating the consensus of $41.649 billion. Net revenue (managed) stood at $43.3 billion (+6% Y/Y) in the quarter. Here’s how traders and investors are reacting to the report.

PRESENTED BY SEASONAL TOKENS

Is Bitcoin Going To Be The Only Trustless Digital Store Of Value?

As the first cryptocurrency on the scene, Bitcoin has been a major driver of value for investors. Bitcoin shines for payments. However, Bitcoin’s influence has been decreasing, as evidenced by its shrinking dominance over the years. 

While Bitcoin maximalists argue there’s only room for one crypto, altcoins have proven this theory wrong as their share of the cryptocurrency market pie continues to increase alongside their use cases. Ethereum has inspired a wave of decentralized blockchains, while Seasonal Tokens offers traders an opportunity to trade coins based on changing cycles as predictable as seasons in nature often are. 

Traders who want to jump on the digital asset bandwagon may want to consider the innovative project Seasonal Tokens.

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