WSB Alert | Tesla Tops WSB Hot Stock List Amid 5-Day Losing Streak

A few years ago, a short squeeze battle between retail investors and Wall Street made the WSB forum go viral overnight, with a surge in users. Since then, it has been known as the "retail investors' base camp" for U.S. stocks. The retail investors here may seem crazy but are not devoid of rationality and serve as a market trend indicator.

The WSB hot stock list aims to delve into the stocks loved by retail investors through key indicators such as the number of mentions, likes, and ranking. It tracks the focus of retail investors to grasp the latest U.S. stock trends.

The latest WSB hot stock rankings as of October 24 are as follows:

Ranked by popularity:

Tesla ranks 1st on the WSB hot stock list, having dropped 1.98% overnight, marking a 5-day losing streak with a 3.47% decline over the past 5 days.

NVIDIA ranks 2nd on the WSB hot stock list, having dropped 2.81% overnight, marking a 2-day losing streak with a 2.89% decline over the past 2 days.

S&P 500 ETF-SPDR ranks 3rd on the WSB hot stock list, having dropped 0.91% overnight, marking a 3-day losing streak with a 1.13% decline over the past 3 days.

Notably, by changes in ranking among the top 20:

IBM rose 105 places on the WSB hot stock list, currently ranked 12th, having increased 0.22% overnight, marking a 2-day gain with a 0.43% increase over the past 2 days.

Carvana rose 31 places on the WSB hot stock list, currently ranked 16th, having slightly decreased 0.01% overnight.

Spirit Airlines rose 23 places on the WSB hot stock list, currently ranked 10th, having surged 45.97% overnight.

According to the rankings: Tesla is in 1st place with 907 mentions and 7340 likes, NVIDIA in 2nd with 327 mentions and 1042 likes, and S&P 500 ETF-SPDR in 3rd with 326 mentions and 1670 likes. Trump Media Technology, Boeing, and DTE Energy are also high in the rankings, reflecting market interest.

WSB Hot Stock News

Tesla expects 2024 capital expenditure to exceed $11 billion.
Tesla expects 2024 capital expenditure to exceed $11 billion, with spending between $8 billion and $10 billion in 2025 and 2026.

Tesla CEO Elon Musk clarified that when Tesla's affordable electric car model is launched, the price will be below $30,000.
Elon Musk clarified that when Tesla's affordable electric car model is launched, the price will be below $30,000.

Musk stated that it won’t be long before we can deliver 100 GWh of fixed storage devices annually.
Musk stated that it won’t be long before we can deliver 100 GWh of fixed storage devices annually.

Tesla CEO Elon Musk: We have launched a ride service for Tesla employees in the Bay Area (California).
Tesla CEO Elon Musk: We have launched a ride service for Tesla employees in the Bay Area (California). The usage of FSD is increasing sharply, and we expect to achieve full self-driving in existing models by next year. We are launching another 30-day trial plan.

Tesla CEO Elon Musk: Tesla internally expects that the mileage achieved by FSD without intervention will surpass human driving, possibly reaching this milestone in the second quarter of next year, although it may be delayed to the third quarter.

Jensen Huang: NVIDIA's computing power in India will increase 20-fold.
On October 24 local time, NVIDIA announced at the India AI Summit to expand cooperation with Indian enterprises and launch lightweight AI models for the local market. NVIDIA's founder and CEO Jensen Huang stated that NVIDIA's computing power in India will increase nearly 20-fold from a year ago and will continue investing in computing infrastructure in this market.

NVIDIA CEO denies tension with TSMC: Blackwell chip design flaw causes low yield rate.
Jensen Huang confirmed that there is a minor design flaw in the Blackwell architecture products, which, although not affecting the basic function of the chip, unavoidably lowers the yield rate. Huang emphasized that this is a unilateral issue with NVIDIA and has nothing to do with TSMC, and will not affect future cooperation between the two.

McDonald's spokesperson: Suppliers regularly test their products.
McDonald's spokesperson stated that suppliers regularly test their products, and during the date range provided by the CDC, no supplier detected this strain of E. coli.

McDonald's: The company is actively cooperating with the CDC's investigation into the E. coli infection incident.

Boeing U.S. factory workers reject labor contract in union vote.
Boeing U.S. factory workers rejected the labor contract in a union vote, prompting the strike to escalate.

Boeing CEO: Losses continue to grow, and there's no quick fix.
Boeing CEO Dave Calhoun on Wednesday outlined a tough plan to return to profitability, calling for fundamental cultural change within the company. This comes after reporting a loss of nearly $8 billion year-to-date, partly due to the West Coast machinists' strike that halted production of its top-selling 737 MAX, 777, and 767 aircraft. In a letter to employees, Calhoun emphasized the need to "prevent problems from worsening and collaborate better," as company performance has severely disappointed customers and weakened public trust. Calhoun added, "This is a big ship, and it takes time to turn, but once it turns, it has the potential to be great again."

Boeing CFO: The company intends to maintain a $10 billion cash reserve.
Boeing CFO stated that the company intends to maintain a $10 billion cash reserve.

Boeing CEO: Our products have strong market support and are in great demand.
Boeing CEO stated that Boeing's products have strong market support and are in great demand.

Boeing CEO: Will realign priorities and create a leaner organization.
Boeing CEO stated that they will realign priorities and create a leaner organization.

IBM Q3 revenue was $14.97 billion, analysts expected $15.05 billion.
IBM Q3 revenue was $14.97 billion, compared to analysts' expectations of $15.05 billion.

Ming-Chi Kuo: Tesla's new model might enter mass production as early as 2H25.
Ming-Chi Kuo stated that Tesla's more affordable new model (referred to by some as "Model 2") might enter mass production as early as 2H25. The Model Y update is expected to start mass production in Q1 2025.

Apple unveiled a new AI preview version, including ChatGPT integration.
On Wednesday, Apple released a series of preview versions of Apple Intelligence features, including the long-awaited ChatGPT integration. This summer, the company announced its response to the AI boom but has been slow to roll out its AI features to users. Investors hope that AI features will spur an iPhone upgrade wave since these tools are only available on newer devices.

Tianfeng International analyst Ming-Chi Kuo: No evidence yet of Apple Intelligence boosting iPhone shipments in the near term.
Well-known Apple analyst Ming-Chi Kuo stated in his latest report that iPhone 16 orders for the fourth quarter of 2024 to the first half of 2025 have been cut by about 10 million units, mostly non-Pro models. Due to this impact, iPhone 16 production in Q2 2024 will fall to around 84 million units. He noted that for Apple, iPhone revenue in Q4 of this year may not reflect the impact of production cuts because the gap between production and sales last year was higher than this year, and this year's product mix is better (producing more Pro Max models in September-October). However, Apple's iPhone revenue will be under pressure in Q1 of next year as overall shipments decline year-over-year and the SE4 launch worsens the iPhone product mix. Although some market participants are optimistic that Apple Intelligence will dramatically boost iPhone shipments in the short term, Apple's current production cut may indicate that the chances of this optimistic expectation being realized are not high. He believes Apple is the brand most likely to succeed in device-side AI and positively views the long-term trend that Apple Intelligence may become a popular paid service, but significant growth in iPhone shipments may require more hardware innovation to achieve.