Ahead of CEO Elon Musk seeking a $55 billion compensation package approval, Tesla (TSLA) made a rare appearance at the Advanced Clean Technology Expo in Las Vegas. Executive Dan Priestley said that it is building a factor to produce Semis. In 2026, the factory will begin delivering trucks.
Tesla first announced the Semi in 2016, nearly 10 years ago.
Many people doubt that shareholders will approve Musk’s generous $55 billion pay package. Yet the company needs him to lead Tesla’s direction.
After forming a base pattern at $150, First Solar (FSLR) broke out to trade recently at $212.11. UBS said that companies that have 100% renewable sustainable policies would drive First Solar’s sales. The bullish call is questionable. Solar power may not produce enough output for power-hungry AI systems. Investors should look at Cameco (CCJ) instead.
In the retail sector, Macy’s (M) is in a holding pattern at $20. The firm posted Q1 profits of $0.27 a share. However, sales fell by 3.3% to $5 billion. The upside prospects for Macy’s and other retailers like Target (TGT) are uncertain. In this sector, investors may consider Home Depot (HD) and Lowe’s (LOW) in the home improvement sector.
Walmart (WMT) and Costco (COST) are the best-in-breed retailers. If the magnificent 7 included retail, Costco would be on the list. Costco has a $355.2 billion market capitalization.
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