NEW YORK — Tesla Inc. shares pulled back in early trading Thursday, falling about 1.5 percent to around $386 after a sharp 7.6 percent surge the previous day, as investors locked in gains from Elon Musk’s latest AI and chip updates while awaiting the electric vehicle maker’s first-quarter earnings report next week.

The stock opened lower and traded near $386.16 shortly after 9:36 a.m. EDT, reflecting typical profit-taking following Wednesday’s strong rally that pushed shares to a closing price of $391.95. Volume remained elevated as traders weighed the sustainability of recent momentum against ongoing concerns about vehicle demand and heavy capital spending on autonomous technology.

Tesla’s Wednesday surge was fueled by the rollout of its Spring 2026 software update, which added enhanced Full Self-Driving features, a new “Hey Grok” voice command and other improvements, along with Musk’s public comments on progress toward the next-generation AI5 chip. The developments reinforced investor bets that Tesla’s future value lies more in software, robotaxis and robotics than in traditional auto sales.

Yet the pullback Thursday highlights the stock’s persistent volatility. Tesla reported first-quarter vehicle deliveries of 358,023 units on April 2, missing Wall Street expectations and marking a 14 percent drop from the prior quarter. Production reached 408,386 vehicles, creating a sizable inventory gap that raised questions about softening demand for the Model 3 and Model Y.

Analysts expect the April 22 earnings release to provide critical details on margins, energy storage growth and timelines for the Cybercab robotaxi and Optimus humanoid robot. Capital expenditures are forecasted to top $20 billion this year as Tesla accelerates investments in AI infrastructure and next-generation manufacturing.

The company’s energy business deployed 8.8 GWh of storage products in the quarter, offering a bright spot amid automotive softness. However, the decision to halt production of the flagship Model S and Model X to free up capacity for future projects has contributed to mixed signals on near-term growth.

Musk has emphasized that Cybercab production is ramping at Giga Texas, with the steering-wheel-free vehicle targeted for limited output starting in April. Public testing of the robotaxi app is planned for later in 2026 in select cities, a move analysts say could eventually shift Tesla toward higher-margin recurring revenue streams.

Despite the delivery miss, shares have shown resilience in recent sessions, partly due to broader market optimism around AI themes and hopes for de-escalation in the Middle East conflict. Elevated oil prices from the U.S. naval blockade theoretically support electric vehicle adoption, though supply chain risks and global economic uncertainty have kept pressure on the sector.

Wall Street views remain split. Some analysts maintain bullish stances, citing the multibillion-dollar potential in unsupervised autonomy and robotics. Others highlight execution risks, regulatory hurdles for Full Self-Driving and the cash burn associated with aggressive capex plans. Morningstar recently pegged a fair value estimate around $400, viewing the stock as fairly valued with a narrow economic moat but high uncertainty.

The Iran conflict continues to create an unpredictable backdrop. While direct impacts on Tesla have been limited, any prolonged disruption to global trade or energy markets could affect raw material costs and consumer sentiment toward big-ticket purchases.

Tesla’s market capitalization remains enormous, reflecting premium pricing based on its technology vision rather than current auto volumes. The stock has experienced wide swings in 2026, dropping sharply after the deliveries report before recovering on AI-related news.

Retail investors continue to show strong interest, drawn by Musk’s vision and Tesla’s cultural prominence. Professional portfolio managers, however, often treat the name as a high-beta play requiring careful position sizing due to its sensitivity to headlines and guidance shifts.

As the market digests Wednesday’s gains, focus shifts to whether the pullback represents healthy consolidation or the start of renewed caution ahead of earnings. Key metrics to watch include automotive gross margins, regulatory credit revenue, operating expenses and any updated commentary on robotaxi launch timelines or affordable vehicle plans.

The Spring software update, which includes better visualizations, pet mode enhancements and automated installations, underscores Tesla’s ability to improve existing vehicles over the air. Such features help maintain customer loyalty and create additional revenue opportunities without major hardware changes.

Challenges in the core business persist. Intense competition in the EV market, price wars and inventory management issues have pressured traditional sales. Tesla has responded by focusing resources on longer-term initiatives, including potential lower-cost models below the current Model Y price point.

The coming earnings call is expected to feature detailed updates from Musk on AI5 chip development, integration with xAI efforts and progress toward fully autonomous operations. Any positive surprises on these fronts could reignite buying interest, while tempered guidance might trigger further selling.

Broader market conditions have been supportive, with the Dow Jones Industrial Average holding near 48,592 and the S&P 500 near record territory. Tesla’s correlation with other large-cap tech and AI-exposed names has amplified both its upside and downside moves.

For long-term holders, the current dip may represent an opportunity if they believe in the robotaxi and robotics thesis. Short-term traders, meanwhile, are navigating the stock’s reputation for rapid reversals driven by news flow and sentiment shifts.

Tesla ended 2025 on a high note with strong momentum, but 2026 has brought a more challenging environment marked by delivery volatility and heavy investment spending. The company’s ability to balance near-term realities with ambitious future plans will likely define its stock performance through the remainder of the year.

As trading continues Thursday, shares hovered in the mid-$380s with moderate selling pressure. The session could set the tone for the final days leading into next week’s results, where clarity on execution and capital allocation will be paramount.

Investors are reminded that Tesla’s story has long featured dramatic swings between enthusiasm for its disruptive potential and skepticism over delivery shortfalls and timelines. Thursday’s modest decline after a big gain fits that pattern, reflecting profit-taking rather than a fundamental shift in outlook.

With global attention fixed on both geopolitical developments and Tesla’s technological roadmap, the stock is likely to remain one of the market’s most closely watched and volatile names in the days ahead.

NEW YORK — GameStop Corp. shares traded modestly lower in early trading Thursday, hovering around $24.73 after closing at $24.79 the previous day, as the video game retailer’s massive cash reserves and recent digital initiatives kept investor attention focused on potential strategic moves amid ongoing speculation about CEO Ryan Cohen’s plans.

The stock opened at $24.15 and moved within a tight range of roughly $24.03 to $24.85, with volume running above average as retail traders and meme stock enthusiasts monitored developments. Year-to-date, GME has posted solid gains of approximately 23 percent, outperforming many other former meme names despite persistent challenges in its core retail business.

GameStop ended fiscal 2025 with a formidable war chest of about $9 billion in cash, cash equivalents and marketable securities — nearly double the level from a year earlier. The balance sheet strength, built through cost-cutting, profitable quarters and earlier capital raises including convertible notes, has fueled persistent rumors of a major acquisition. Analysts and social media communities have speculated about targets ranging from e-commerce platforms to complementary businesses in collectibles or digital entertainment, though Cohen has remained largely silent on specifics.

The company’s fiscal fourth-quarter and full-year 2025 results, released March 24, showed a sharp turnaround in profitability despite declining sales. Net sales for the full year fell to $3.63 billion from $3.82 billion, reflecting broader industry shifts toward digital downloads and PC gaming. However, operating income swung to $232.1 million from a prior-year loss, while net income rose to $418.4 million. Adjusted net income reached $647.4 million, highlighting successful expense reductions, including significant cuts to selling, general and administrative costs.

No earnings conference call accompanied the report, and the company provided no forward guidance — a pattern that has become familiar under Cohen’s leadership and left some investors interpreting the silence as strategic positioning rather than weakness. The retailer continued optimizing its store portfolio, closing hundreds of locations as part of efforts to adapt to changing consumer habits.

On April 14, GameStop announced the launch of “Power Packs” for its digital trading card platform, a move aimed at expanding beyond traditional video game sales into collectibles and digital experiences. The initiative generated modest positive sentiment, with some retail investors viewing it as evidence of diversification efforts, though the stock’s reaction remained muted.

Recent insider activity added another layer to the narrative. On April 13, General Counsel Mark Haymond Robinson sold 3,912 shares under a pre-established Rule 10b5-1 trading plan at an average price of about $23.19, for a total of roughly $90,700. The transaction represented a small portion of his holdings and followed earlier sales in the month. Such planned sales are common and do not necessarily signal negative views on the company’s prospects.

Short interest remained elevated at around 15 percent of the float, keeping the stock sensitive to any sudden retail-driven momentum or short-covering episodes. Options activity has shown mixed sentiment in recent weeks, with some bullish call volume noted on days of positive news flow.

Cohen, who took the CEO role in 2024 after serving as chairman, has tied much of his compensation to ambitious long-term performance targets. A performance-based stock option award could grant him rights to over 171 million shares if GameStop achieves steep market capitalization and EBITDA milestones, underscoring his alignment with aggressive value creation.

The broader meme stock phenomenon that propelled GME to legendary heights in 2021 has evolved. While the community on platforms like Reddit’s r/GME remains active with daily discussions, trading tournaments and speculation, the stock’s movements in 2026 have been more measured compared to the wild swings of prior years. GME has traded in a 52-week range between about $19.93 and $35.81, reflecting a balance between fundamental concerns and speculative enthusiasm.

Challenges in the core business persist. Video game retail continues facing headwinds from digital distribution, with hardware and software sales declining as a percentage of revenue. Collectibles have grown as a brighter spot, contributing nearly 28 percent of sales in recent quarters for some segments. The company has leaned into pop culture merchandise and trading cards to offset pressures in traditional gaming.

Analyst coverage remains sparse, with the consensus price target around $13.50 — well below current levels — reflecting skepticism about long-term growth in a shrinking physical retail footprint. However, many retail investors dismiss traditional metrics, focusing instead on the cash balance and Cohen’s track record of value-oriented decisions from his Chewy days.

As GameStop navigates 2026, key questions center on capital allocation. With billions on hand and no debt pressure, the company has flexibility for acquisitions, share repurchases, dividends or further transformation initiatives. Cohen has referenced opportunities in e-commerce and technology, though no deals have been announced.

The stock’s correlation with broader market sentiment and retail trading apps keeps it volatile. Elevated call option volume on some days has signaled directional bullishness from options traders, while put activity reflects ongoing caution about execution risks.

GameStop’s market capitalization stands near $11 billion, a far cry from the peak frenzy of 2021 but still elevated relative to its current revenue run rate. The retailer operates thousands of stores globally but has aggressively trimmed its footprint to improve efficiency.

Looking ahead, investors will watch for any updates on strategic initiatives, potential M&A activity or further cost discipline. The next quarterly report could provide more insight into how the company is deploying its cash and whether digital and collectibles segments can offset ongoing declines in core gaming hardware and software.

For now, GME trades as a hybrid between a legacy retailer and a speculative play on Cohen’s vision. Its strong liquidity provides a buffer against industry pressures, but turning that cash into sustainable growth remains the central challenge.

Retail enthusiasm persists, with daily discussions on social media keeping the ticker visible. Whether that translates into sustained price support or another round of volatility will depend on news flow around acquisitions, operational results and any surprises from management.

As of mid-morning Thursday, shares showed limited movement near $24.73 with moderate volume. The session continued a pattern of tight trading ranges, consistent with the stock’s behavior in recent weeks absent major catalysts.

GameStop’s story in 2026 illustrates the tension between traditional retail fundamentals and the power of narrative-driven investing. With a fortress balance sheet and a high-profile CEO, the company retains the ability to surprise the market — for better or worse.

Markets witnessed a volatile session on Thursday, eventually ending on a flat note as the index took a breather after the recent rebound. Analysts reiterate positive stance on the Nifty and recommend a buy on dips approach, focusing on stock selection based on rotational sectoral trends.

In today’s trade, shares of Wipro, HUL, Angel One, Alembic Pharma, HDFC Life among others will be in focus due to various news developments and fourth quarter results.

Angel One

Angel One reported a sharp rise in profit for the March quarter, driven by strong client activity and operating leverage. Profit after tax stood at Rs 320 crore in the fourth quarter, marking an 84% year-on-year (YoY) increase, while rising 19% sequentially. The strong profit growth was supported by higher trading volumes and better monetisation across segments.Wipro

IT services major Wipro reported 2% fall in its consolidated net profit at Rs 3502 crore in the fourth quarter. The company’s board has also approved a buyback of Rs 15,000 crore, along with its financial results. Revenue from operations, meanwhile, increased 8% YoY to Rs 24,236 crore.

HDFC Life

HDFC Life Insurance said it will issue shares worth Rs 1,000 crore to promoter HDFC Bank on a preferential basis, even as the insurer reported a modest rise in March quarter profit. The company will allot 1.45 crore equity shares at Rs 688.52 apiece to HDFC Bank, subject to shareholder and regulatory approvals. The capital raise aims to strengthen solvency and support future growth.
HUL
Hindustan Unilever Limited has hiked prices across its soap portfolio, passing on rising raw material and packaging costs to consumers, The Times of India reported, with increases ranging between Rs 1 and Rs 20. For FMCG companies that were counting on GST cuts to revive consumption after a prolonged slowdown, the current situation may push back a demand recovery just as early signs of improvement had begun to reflect in recent quarterly earnings.

Alembic Pharma

Alembic Pharmaceuticals Ltd on Thursday said it has received final approval from the US health regulator for its generic version of methotrexate injection used in treatment of different types of cancers and arthritis.

A senior manager at Bloomberg LP is facing serious allegations after a lawsuit claimed the company’s internal chat system was used to send explicit and unwanted messages to an employee.

The case, filed in New York Supreme Court on April 13, accuses the company of failing to act on repeated complaints.

The lawsuit was brought by Charles Kyle O’Rourke, an account manager who has worked at Bloomberg since 2019.

He claims senior manager Peter Elliot sent him inappropriate sexual messages during work conversations, creating what the complaint describes as a hostile work environment.

According to the filing, the messages were sent in February 2025 while O’Rourke was discussing travel plans.

The complaint alleges Elliot made crude comments involving sex acts and personal behavior that were not welcome.

One message reportedly included explicit language about travel and sexual activity, which O’Rourke says crossed professional boundaries.

“Over the course of his nearly six-year tenure, Mr. O’Rourke has been subjected to repeated acts of sexual harassment,” the complaint states, adding that the situation worsened due to what it describes as a lack of support from management, NY Post reported.

O’Rourke says he reported the messages to senior leaders, but no action was taken. The lawsuit claims the harassment continued despite his complaints, placing responsibility on the company for not stepping in.

Bloomberg Lawsuit Alleges Retaliation

The filing also includes claims of retaliation. O’Rourke alleges that after he raised concerns and asked for workplace accommodations related to ADHD and anxiety, his direct manager, David LaPaglia, began treating him unfairly.

The complaint says LaPaglia micromanaged his work, reduced his client responsibilities, and told clients he was no longer with the company.

According to NationalToday , as a result of the situation, O’Rourke took a medical leave of absence on August 19, which the lawsuit describes as a response to pressure that pushed him toward leaving his job.

The case brings several legal claims against Bloomberg under New York State and City laws.

These include allegations of a hostile work environment, sex discrimination, disability discrimination, and retaliation.

The lawsuit also argues that Bloomberg is responsible for the actions of its managers because of their leadership roles.

O’Rourke is seeking damages and is asking the court to require changes to Bloomberg’s internal policies, including stronger harassment reporting systems and better employee protections.

In response, a spokesperson for Bloomberg said the company has reviewed the claims and believes they have no merit.

Originally published on vcpost.com

Three Los Angeles-area residents were recently convicted in an unusual insurance fraud scheme using a person in a bear costume to fake attacks on high-end vehicles to collect insurance payouts.

As part of the California Department of Insurance’s Operation Bear Claw, Alfiya Zuckerman, 39, of Valley Village; Ruben Tamrazian, 26, of Glendale; and Vahe Muradkhanyan, 32, of Glendale, pleaded no contest to felony insurance fraud and were sentenced to 180 days in jail and two years of supervised probation and were ordered to pay restitution.

A fourth suspect, Ararat Chirkinian, 39, of Glendale, is scheduled to return to court in September for a preliminary hearing.

PERSON IN BEAR COSTUME ATTACKS LUXURY CARS IN INSURANCE SCAM, CALIFORNIA INSURERS SAY

The investigation began after an insurance company flagged a suspicious claim tied to a Jan. 28, 2024, incident in Lake Arrowhead. 

The suspects claimed a bear entered their 2010 Rolls-Royce Ghost and caused interior damage, submitting video footage as evidence.

Detectives later determined the “bear” in the video was a person wearing a bear costume and uncovered two additional fraudulent claims submitted to separate insurance companies involving the same date and location but tied to a 2015 Mercedes G63 AMG and a 2022 Mercedes E350.

VISA REPORT HIGHLIGHTS EMERGING SCAMS TARGETING CONSUMERS AND TRAVELERS

A biologist from the California Department of Fish and Wildlife reviewed the video and concluded the animal shown was “clearly a human in a bear suit,” according to authorities.

Detectives executed a search warrant and recovered the costume from the suspects’ home.

Officials said the total loss to the insurance companies was $141,839, though the names of the businesses were not released.

“What may have looked unbelievable turned out to be exactly that, and now those responsible are being held accountable,” Insurance Commissioner Ricardo Lara wrote in a statement Thursday. “My Department’s investigators uncovered the facts, exposed this scam and helped bring these defendants to justice.

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“Insurance fraud is a serious crime that drives up costs for consumers, and no scheme is too outrageous for us to investigate.”