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WSB Alert | S&P 500 ETF Tops WSB Discussion as Tesla Preps Robotaxi Reveal

AInvestThursday, Oct 10, 2024 7:00 am ET
2min read

A few years ago, a short squeeze battle between retail investors and Wall Street made the WSB forum explode in popularity overnight, with a surge in user numbers. Since then, it has been known as the "home base" for retail investors in the US stock market. These retail investors may appear crazy, but they are not lacking in rationality, serving as a market trend indicator.

The WSB Stock Discussion List aims to deeply explore retail investors' favorite stocks through key indicators such as stock mentions, likes, and discussion rankings, tracking retail investors' focus points to grasp the latest US stock trends.

The latest WSB discussion rankings as of October 10 are as follows:

According to the rankings:

S&P 500 ETF-SPDR ranks 1st on the WSB discussion list, with an overnight increase of 0.69%, marking a two-day consecutive rise and a total increase of 1.64% over the past two days.

NVIDIA ranks 2nd on the WSB discussion list, having an overnight decrease of 0.18%.

Palantir ranks 3rd on the WSB discussion list, with an overnight increase of 4.05%, marking a two-day consecutive rise and a total increase of 10.90% over the past two days.

Notably, in terms of ranking changes, within the top 20 of the discussion list:

Celsius Holdings' ranking on the WSB discussion list rose by 26 places, currently ranking 11th with an overnight increase of 6.16%.

Google C's ranking on the WSB discussion list rose by 22 places, currently ranking 9th with an overnight decrease of 1.59%.

Weight Watchers' ranking on the WSB discussion list rose by 14 places, currently ranking 10th with an overnight increase of 37.93%, marking a four-day consecutive rise and a total increase of 121.64% over the past four days.

Among the top companies, the S&P 500 ETF-SPDR is the most mentioned, while NVIDIA and Palantir follow closely. Notably, companies such as Tesla, Nasdaq-100 ETF, and DTE Energy have seen significant increases in mentions and likes.

[WSB Company News]

OpenAI requests court to dismiss Musk's lawsuit, claiming it’s for competitive advantage
In February, American entrepreneur Musk filed a lawsuit claiming an agreement was made with two co-founders of OpenAI when he provided funding, stipulating that OpenAI should be a "non-profit organization." He alleged that OpenAI deviated from its founding goals and mission in pursuit of profit. Musk withdrew the lawsuit in June but refiled in August. Recently, OpenAI requested the judge to dismiss Musk’s lawsuit, stating in court documents that Musk's lawsuit is a continued harassment tactic for his competitive advantage.

Tesla to unveil new products and technologies like Robotaxi at the "WE, ROBOT" conference
On October 10th, Tesla China confirmed that Tesla will hold the "WE, ROBOT" conference at Warner Bros. Studio in Burbank, California, on October 11, 2024, at 10 am Beijing time. New products and technologies such as Robotaxi are expected to be announced. The event will be live-streamed on social platforms like WeChat Video, TikTok, Kuaishou, Xiaohongshu, and Bilibili.

Tesla to live stream Robotaxi release on platforms like TikTok and Kuaishou
On October 10th, Tesla announced that the "WE, ROBOT" conference will be held at 10 am Beijing time on October 11th, with the live stream available on multiple social platforms, including WeChat Video, TikTok, Kuaishou, and Xiaohongshu.

Tesla to hold "WE, ROBOT" conference on October 11
Tesla will hold the "WE, ROBOT" conference on October 11.

Musk: Tesla Robotaxi will feature butterfly doors and two seats
Musk stated that Tesla Robotaxi will have butterfly doors and two seats. It is expected that Tesla CEO Elon Musk will discuss the fully automated driving (FSD) of the electric semi-truck.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.