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Tesla Or BYD: Which EV Giant Will Sell More Battery Electric Vehicles In Q4?

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Tesla, however, took back the t","content":"<html><head></head><body><p>Chinese EV giant <a href=\"https://laohu8.com/S/BYDDY\">BYD Co Ltd</a> overtook its American rival <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> in the fourth quarter of 2023 as the world’s biggest battery electric vehicle seller. Tesla, however, took back the title in the first quarter of this year and has been holding on to it since.</p><p style=\"text-align: start;\"><strong>What Happened:</strong> In the last quarter of 2023, BYD sold 526,409 battery electric vehicles, effectively replacing Tesla as the world’s biggest seller of BEVs. Tesla in that quarter delivered just 484,507 units.</p><p style=\"text-align: start;\">Tesla regained its position as the world’s top seller of BEVs in the first quarter after selling 386,810 BEVs, 86,696 units more than BYD. Unlike Tesla which sells only battery electric vehicles, BYD also makes plug-in hybrids.</p><p><strong>Quarterly BEV Sales: Tesla Vs. BYD</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d6a4c89d4d5240f285f272d0780fa8b\" tg-width=\"841\" tg-height=\"214\"/></p><p>In Q2 and Q3 this year, Tesla kept its lead ahead of BYD in global BEV deliveries despite hardships.</p><p style=\"text-align: start;\">In October and November, BYD cumulatively sold 387,679 battery-electric vehicles. The company now needs to sell around 112,400 BEVs in December to cross 500,000 BEV sales in a quarter yet again.</p><p style=\"text-align: start;\">As for Tesla, it is unclear how many vehicles the company has sold thus far this quarter given it only releases sales data at the end of every three months.</p><p style=\"text-align: start;\">For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December. Tesla has not delivered over 500,000 vehicles in a quarter to date, making this an ambitious target.</p><p style=\"text-align: start;\">Furthermore, according to data from the European Automobile Manufacturers&#39; Association (ACEA), the company is faced with demand challenges in the European Union which might weigh heavily upon the company’s annual delivery target.</p><p style=\"text-align: start;\"><strong>Financials:</strong></p><p style=\"text-align: start;\">For the third quarter between July and September, BYD&#39;s operating revenue rose 24% to 201.12 billion yuan ($27.55 billion), the company said in a filing.</p><p style=\"text-align: start;\">Tesla, meanwhile, reported a total revenue of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped <strong>Elon Musk’s</strong> EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.</p><p style=\"text-align: start;\">Despite reporting higher revenue than Tesla in the third quarter, BYD’s net profit continued to trail behind Tesla’s net income of $2.167 billion. The company reported a diluted earnings per share of 4 yuan (55 cents) for the quarter, lower than Tesla’s adjusted earnings per share of 72 cents.<br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Or BYD: Which EV Giant Will Sell More Battery Electric Vehicles In Q4?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Or BYD: Which EV Giant Will Sell More Battery Electric Vehicles In Q4?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-12-26 19:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese EV giant <a href=\"https://laohu8.com/S/BYDDY\">BYD Co Ltd</a> overtook its American rival <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> in the fourth quarter of 2023 as the world’s biggest battery electric vehicle seller. Tesla, however, took back the title in the first quarter of this year and has been holding on to it since.</p><p style=\"text-align: start;\"><strong>What Happened:</strong> In the last quarter of 2023, BYD sold 526,409 battery electric vehicles, effectively replacing Tesla as the world’s biggest seller of BEVs. Tesla in that quarter delivered just 484,507 units.</p><p style=\"text-align: start;\">Tesla regained its position as the world’s top seller of BEVs in the first quarter after selling 386,810 BEVs, 86,696 units more than BYD. Unlike Tesla which sells only battery electric vehicles, BYD also makes plug-in hybrids.</p><p><strong>Quarterly BEV Sales: Tesla Vs. BYD</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d6a4c89d4d5240f285f272d0780fa8b\" tg-width=\"841\" tg-height=\"214\"/></p><p>In Q2 and Q3 this year, Tesla kept its lead ahead of BYD in global BEV deliveries despite hardships.</p><p style=\"text-align: start;\">In October and November, BYD cumulatively sold 387,679 battery-electric vehicles. The company now needs to sell around 112,400 BEVs in December to cross 500,000 BEV sales in a quarter yet again.</p><p style=\"text-align: start;\">As for Tesla, it is unclear how many vehicles the company has sold thus far this quarter given it only releases sales data at the end of every three months.</p><p style=\"text-align: start;\">For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December. Tesla has not delivered over 500,000 vehicles in a quarter to date, making this an ambitious target.</p><p style=\"text-align: start;\">Furthermore, according to data from the European Automobile Manufacturers&#39; Association (ACEA), the company is faced with demand challenges in the European Union which might weigh heavily upon the company’s annual delivery target.</p><p style=\"text-align: start;\"><strong>Financials:</strong></p><p style=\"text-align: start;\">For the third quarter between July and September, BYD&#39;s operating revenue rose 24% to 201.12 billion yuan ($27.55 billion), the company said in a filing.</p><p style=\"text-align: start;\">Tesla, meanwhile, reported a total revenue of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped <strong>Elon Musk’s</strong> EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.</p><p style=\"text-align: start;\">Despite reporting higher revenue than Tesla in the third quarter, BYD’s net profit continued to trail behind Tesla’s net income of $2.167 billion. The company reported a diluted earnings per share of 4 yuan (55 cents) for the quarter, lower than Tesla’s adjusted earnings per share of 72 cents.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","BYDDY":"比亚迪ADR"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187629883","content_text":"Chinese EV giant BYD Co Ltd overtook its American rival Tesla Inc in the fourth quarter of 2023 as the world’s biggest battery electric vehicle seller. Tesla, however, took back the title in the first quarter of this year and has been holding on to it since.What Happened: In the last quarter of 2023, BYD sold 526,409 battery electric vehicles, effectively replacing Tesla as the world’s biggest seller of BEVs. Tesla in that quarter delivered just 484,507 units.Tesla regained its position as the world’s top seller of BEVs in the first quarter after selling 386,810 BEVs, 86,696 units more than BYD. Unlike Tesla which sells only battery electric vehicles, BYD also makes plug-in hybrids.Quarterly BEV Sales: Tesla Vs. BYDIn Q2 and Q3 this year, Tesla kept its lead ahead of BYD in global BEV deliveries despite hardships.In October and November, BYD cumulatively sold 387,679 battery-electric vehicles. The company now needs to sell around 112,400 BEVs in December to cross 500,000 BEV sales in a quarter yet again.As for Tesla, it is unclear how many vehicles the company has sold thus far this quarter given it only releases sales data at the end of every three months.For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December. Tesla has not delivered over 500,000 vehicles in a quarter to date, making this an ambitious target.Furthermore, according to data from the European Automobile Manufacturers' Association (ACEA), the company is faced with demand challenges in the European Union which might weigh heavily upon the company’s annual delivery target.Financials:For the third quarter between July and September, BYD's operating revenue rose 24% to 201.12 billion yuan ($27.55 billion), the company said in a filing.Tesla, meanwhile, reported a total revenue of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped Elon Musk’s EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.Despite reporting higher revenue than Tesla in the third quarter, BYD’s net profit continued to trail behind Tesla’s net income of $2.167 billion. The company reported a diluted earnings per share of 4 yuan (55 cents) for the quarter, lower than Tesla’s adjusted earnings per share of 72 cents.","news_type":1,"symbols_score_info":{"BYDDY":1.1,"TSLA":1.1}},"isVote":1,"tweetType":1,"viewCount":2357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385728753812000,"gmtCreate":1735212706966,"gmtModify":1735217400692,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"Nice job beby","listText":"Nice job beby","text":"Nice job beby","images":[{"img":"https://community-static.tradeup.com/news/77c3abff5babab8380e7d942a1eaf08b","width":"860","height":"29541"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385728753812000","isVote":1,"tweetType":1,"viewCount":2457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":385726112195056,"gmtCreate":1735212058511,"gmtModify":1735212310194,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> come on wake up honey !!&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> come on wake up honey !!&nbsp;","text":"$NVIDIA(NVDA)$ come on wake up honey !!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/385726112195056","isVote":1,"tweetType":1,"viewCount":2298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385847117586640,"gmtCreate":1735212018949,"gmtModify":1735212023344,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":".&nbsp;","listText":".&nbsp;","text":".","images":[{"img":"https://community-static.tradeup.com/news/cfc2343b2eba2511bcc7763f844dc32a","width":"860","height":"23965"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385847117586640","isVote":1,"tweetType":1,"viewCount":2481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":385846974820544,"gmtCreate":1735211983961,"gmtModify":1735558622868,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"BTC OH BTC MARY X MASH","listText":"BTC OH BTC MARY X MASH","text":"BTC OH BTC MARY X MASH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385846974820544","isVote":1,"tweetType":1,"viewCount":2653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385846156177672,"gmtCreate":1735211786366,"gmtModify":1735211791198,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"New","listText":"New","text":"New","images":[{"img":"https://community-static.tradeup.com/news/2b459d65c6d46f1f284c223e4503179d","width":"860","height":"22837"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385846156177672","isVote":1,"tweetType":1,"viewCount":2672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":385724384215576,"gmtCreate":1735211639689,"gmtModify":1735211643436,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$&nbsp;</a><v-v data-views=\"1\"></v-v> stilll hope&nbsp;[Miser]&nbsp;&nbsp;[Miser]&nbsp;&nbsp;[Miser]&nbsp;&nbsp;[Miser]&nbsp;&nbsp;","listText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$&nbsp;</a><v-v data-views=\"1\"></v-v> stilll hope&nbsp;[Miser]&nbsp;&nbsp;[Miser]&nbsp;&nbsp;[Miser]&nbsp;&nbsp;[Miser]&nbsp;&nbsp;","text":"$S&P 500(.SPX)$ stilll hope [Miser] [Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385724384215576","isVote":1,"tweetType":1,"viewCount":2465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385722563060152,"gmtCreate":1735211190279,"gmtModify":1735211194261,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"All about provit","listText":"All about provit","text":"All about provit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385722563060152","repostId":"1199443402","repostType":2,"repost":{"id":"1199443402","kind":"news","pubTimestamp":1735209000,"share":"https://ttm.financial/m/news/1199443402?lang=en_US&edition=fundamental","pubTime":"2024-12-26 18:30","market":"us","language":"en","title":"Rigetti Computing: AI Clears One Hurdle, But It's A Long Race","url":"https://stock-news.laohu8.com/highlight/detail?id=1199443402","media":"Seeking Alpha","summary":"SummaryQuantum computing's potential lies in its ability to perform complex computations exponentially faster than traditional computers, with Rigetti aiming to provide a full-stack quantum computing ","content":"<html><head></head><body><h2 id=\"id_2036051392\">Summary</h2><ul style=\"\"><li><p>Quantum computing&#39;s potential lies in its ability to perform complex computations exponentially faster than traditional computers, with Rigetti aiming to provide a full-stack quantum computing system.</p></li><li><p>Despite promising advancements and government contracts, Rigetti&#39;s financials remain weak, with no immediate profitability and a need for significant sales growth.</p></li><li><p>Long-term prospects are optimistic, but significant share dilution could occur in that time.</p></li><li><p>Given the high risks and long-term horizon for quantum computing&#39;s commercial viability, I rate Rigetti as a Hold until financials improve or the price lowers.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/84a54875c3bf9f5df3b1ba75e4574d28\" alt=\"Thomas Barwick/DigitalVision via Getty Images\" title=\"Thomas Barwick/DigitalVision via Getty Images\" tg-width=\"612\" tg-height=\"460\"/><span>Thomas Barwick/DigitalVision via Getty Images</span></p><p>Rigetti Computing (NASDAQ:RGTI) has come to the attention of many recently, after the share price surged over the past month.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/43acac16adce50c12855909f104a699a\" alt=\"RGTI 1M Price History (Seeking Alpha)\" title=\"RGTI 1M Price History (Seeking Alpha)\" tg-width=\"640\" tg-height=\"232\"/><span>RGTI 1M Price History (Seeking Alpha)</span></p><p>This rally occurred only weeks after its $100M ATM equity raise. While issuing new shares would normally reduce value, this was followed just weeks later by a favorable breakthrough. Paired with other favorable developments in the quantum space, the share price has almost quadrupled in the past month.</p><p>With the share price over $11 and the market cap over $3B, we ask if there is still opportunity. As with my recent coverage of Quantum Computing (QUBT) (another quantum stock that rallied), my aim here is to create a simple-as-possible thesis for investors who aren&#39;t versed in tech but still want a chance to ride whatever growth there may be.</p><p>For now, I think RGTI is too early, with too much risk of dilution, to be a Buy, but its long-term upside at least makes it a hopeful Hold.</p><h2 id=\"id_3678418244\">The Quantum Opportunity</h2><p>Let&#39;s talk for a moment about what quantum computers are and why they matter.</p><p>Traditional computers run on binary, the 0s and 1s we&#39;ve come to understand. It&#39;s effectively an alphabet with two letters. Quantum computers put the concept of Schrödinger&#39;s cat into use, where the simultaneous state of 0 and 1 are possible. While this is a very simple way of explaining it, just try to imagine how much more useful an alphabet becomes when it moves from two letters to three.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/089a959513c7df2530bfac9863a17bbc\" alt=\"November 2024 Company Presentation\" title=\"November 2024 Company Presentation\" tg-width=\"399\" tg-height=\"167\"/><span>November 2024 Company Presentation</span></p><p>Quantum therefore becomes exponentially more useful at scale in computations over traditional.</p><h2 id=\"id_2992675872\">Rigetti&#39;s Role</h2><p>Rigetti runs a vertical business model, aiming to provide &#34;full-stack quantum computing system.&#34; This entails:</p><ul style=\"\"><li><p>Chip manufacturing</p></li><li><p>Sales of QPUs</p></li><li><p>Use of their quantum computers (through cloud)</p></li><li><p>Quantum software platform</p></li></ul><p>Like QUBT, they hold the distinction of owning their own fab for chip production. Unlike QUBT (whose real prize is in imaging), they are taking a more general approach to the technology.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9e67190325e683ddbb088e933f7a8102\" alt=\"November 2024 Company Presentation\" title=\"November 2024 Company Presentation\" tg-width=\"640\" tg-height=\"341\"/><span>November 2024 Company Presentation</span></p><p>They are currently working to overcome the different challenges that will take quantum far enough to become commercially viable. This is why, for example, the market responded favorably to the breakthrough I mentioned before. It entailed the first successful use of AI to calibrate a quantum computer. To quote their press release:</p><blockquote><p>“These results demonstrate the remarkable potential of AI-powered calibration tools in quantum computing,” said David Rivas, CTO at Rigetti Computing. “Using automated processes, both Qruise and Quantum Elements achieved performance levels matching our rigorous system specifications – work that can require weeks of manual tuning by a skilled engineering team. As we advance toward larger qubit counts, having validated that AI tools can reach our performance benchmarks is an exciting moment for the industry. This successful demonstration shows how automation accelerates quantum computer setup while maintaining the exacting standards required for quantum computation. We look forward to seeing these tools used by our customers who have both our Novera QPU and Quantum Machines’ control.”</p></blockquote><p>Thus, 2023&#39;s explosion of generative AI is directly feeding into the advancement of quantum technology. The interesting result here is that quantum is likely to provide a role in supporting the developing AI further, particularly as it applies to machine learning. For example, in the 2023 Form 10K, management notes:</p><blockquote><p>We already see emerging machine learning algorithms that take advantage of the unique capabilities of quantum computing to tackle the complex linear algebra problems at the heart of many machine learning tasks. In fact, recent research has emerged demonstrating that quantum algorithms could work better than classical ones for critical machine learning classification problems.</p></blockquote><p>Management posits this having a wide variety of uses cases, such molecular science for drug development, fraud detection, enhancing low-resolution images into high, and so on.</p><p>There remain, however, more hurdles to cross before quantum computers provide <em>profitable</em> value. Rigetti company began commercial sales with their release of Novera last year, a 9-qubit chip capable of performing high-speed, 2-qubit operations and testing for single-qubit operations.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e77625306e7dcc04bd410d3bb93dfc18\" alt=\"November 2024 Company Presentation\" title=\"November 2024 Company Presentation\" tg-width=\"640\" tg-height=\"324\"/><span>November 2024 Company Presentation</span></p><p>Novera is based on the architecture for their Ankaa system, which they began selling as a cloud service to customers in 2023 as well.</p><p>Management has also spent much of this year investing in its sales and marketing team. CEO Subodh Kulkarni did speak optimistically during the Q3 earnings call about the potential sales going forward:</p><blockquote><p>So we certainly think as hardware continues to improve as the next year goes on we will continue to get better and better opportunities with government customers but also some <strong>commercial, research-oriented</strong> type customers.</p></blockquote><p>I believe the &#34;commercial, research-oriented&#34; detail to be important. Right now Rigetti enjoys government contracts. Gaining a more a commercial appeal will be a signal that their technology is value-creative in a way that a traditional computer would not be for that customer. Yet, the research component is important as well, as it means such commercial customers would initially be ones with a niche interest in quantum computing.</p><p>As such, I don&#39;t expect sales growth to be phenomenal in the year to come, certainly not to the point that they generate positive cash flows. On that note...</p><h2 id=\"id_2717710737\">Financial Outlook</h2><p>As one might guess from a company that just raised $100M in capital from new shares, Rigetti is not currently profitable.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e51720913f40dfc4f04c0dbc9bb52826\" alt=\"Income Statement (Q3 2024 Form 10Q)\" title=\"Income Statement (Q3 2024 Form 10Q)\" tg-width=\"498\" tg-height=\"281\"/><span>Income Statement (Q3 2024 Form 10Q)</span></p><p>YTD revenues are essentially flat, year-over-year. RGTI&#39;s rally this month isn&#39;t because of vastly improved financials in recent times. It is as hope-driven as a rally can be.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/036fdf21500319cfc237a284cee4fea8\" alt=\"Balance Sheet (Q3 2024 Form 10Q)\" title=\"Balance Sheet (Q3 2024 Form 10Q)\" tg-width=\"640\" tg-height=\"236\"/><span>Balance Sheet (Q3 2024 Form 10Q)</span></p><p>With the YTD losses around $50M, the company does at least have ample liquidity for the near term. In the earnings call, management guided that it should be sufficient for their needs until early 2026, and this was before the $100M was raised!</p><p>Does this mean that we just have to let them invest the money, wait, and then we&#39;re sitting on a big winner? We might hesitate to conclude that, given how Kulkarni also remarked about the five-year revenue outlook:</p><blockquote><p>So if you take a look at our investor presentation, we cite the $7.6 billion number that IDC has in about 5 years time period, again primarily government, national labs and research-oriented customers. At least in the next 5 years, we believe a sizable part of that market is going to be on-premise quantum computers and a smaller part will be quantum computing as a service.</p></blockquote><p>That&#39;s not expected revenue, though. <em>That&#39;s the five-year TAM.</em> Sure, we can imagine Rigetti getting all of it, but even realizing strong margins would make the current valuation near $3B tough to justify.</p><p>Yes, in their SEC filings, management references research that suggests the quantum computing TAM will be in the hundreds of billions by 2035. Thus, someone who buys today and is extremely patient might be able to enjoy that upside. They may also have their piece of the pie diluted by additional share offerings, offsetting their early advantage.</p><p>For now, Rigetti still needs to solve certain scaling issues that would make quantum superior to traditional computers for large customers that could give them big contracts. As such, I expect the cash flow situation to be one of treading water for the next few years.</p><h2 id=\"id_2864027505\">Conclusion</h2><p>In my view, it&#39;s very conceivable that RGTI could prove to be big win to those who buy today and wait very, <em>very</em> patiently. In fact, whenever I rate a stock as a Buy, I try to imagine that we could have it for as long as ten years. That usually entails multiple outs, however, such gradual capital appreciation, lucrative dividends, or maybe a tender offer at an attractive premium.</p><p>With Rigetti, there are promising seeds of a product-and-sales process that can bring quantum computing into the wider world, but I only see that possibility materializing at the tale-end of the decade for now, with plenty of risks along the way that a company needing to raise cash will face.</p><p>For that reason, I think the current price could only be fair at best. I&#39;m giving it a Hold until a lower price returns or until a material improvement in the financial situation warrants greater optimism.</p></body></html>","source":"lsy1728464409321","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rigetti Computing: AI Clears One Hurdle, But It's A Long Race</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRigetti Computing: AI Clears One Hurdle, But It's A Long Race\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-26 18:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4746464-rigetti-computing-ai-clears-one-hurdle-but-its-a-long-race><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryQuantum computing's potential lies in its ability to perform complex computations exponentially faster than traditional computers, with Rigetti aiming to provide a full-stack quantum computing ...</p>\n\n<a href=\"https://seekingalpha.com/article/4746464-rigetti-computing-ai-clears-one-hurdle-but-its-a-long-race\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RGTI":"Rigetti Computing"},"source_url":"https://seekingalpha.com/article/4746464-rigetti-computing-ai-clears-one-hurdle-but-its-a-long-race","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199443402","content_text":"SummaryQuantum computing's potential lies in its ability to perform complex computations exponentially faster than traditional computers, with Rigetti aiming to provide a full-stack quantum computing system.Despite promising advancements and government contracts, Rigetti's financials remain weak, with no immediate profitability and a need for significant sales growth.Long-term prospects are optimistic, but significant share dilution could occur in that time.Given the high risks and long-term horizon for quantum computing's commercial viability, I rate Rigetti as a Hold until financials improve or the price lowers.Thomas Barwick/DigitalVision via Getty ImagesRigetti Computing (NASDAQ:RGTI) has come to the attention of many recently, after the share price surged over the past month.RGTI 1M Price History (Seeking Alpha)This rally occurred only weeks after its $100M ATM equity raise. While issuing new shares would normally reduce value, this was followed just weeks later by a favorable breakthrough. Paired with other favorable developments in the quantum space, the share price has almost quadrupled in the past month.With the share price over $11 and the market cap over $3B, we ask if there is still opportunity. As with my recent coverage of Quantum Computing (QUBT) (another quantum stock that rallied), my aim here is to create a simple-as-possible thesis for investors who aren't versed in tech but still want a chance to ride whatever growth there may be.For now, I think RGTI is too early, with too much risk of dilution, to be a Buy, but its long-term upside at least makes it a hopeful Hold.The Quantum OpportunityLet's talk for a moment about what quantum computers are and why they matter.Traditional computers run on binary, the 0s and 1s we've come to understand. It's effectively an alphabet with two letters. Quantum computers put the concept of Schrödinger's cat into use, where the simultaneous state of 0 and 1 are possible. While this is a very simple way of explaining it, just try to imagine how much more useful an alphabet becomes when it moves from two letters to three.November 2024 Company PresentationQuantum therefore becomes exponentially more useful at scale in computations over traditional.Rigetti's RoleRigetti runs a vertical business model, aiming to provide \"full-stack quantum computing system.\" This entails:Chip manufacturingSales of QPUsUse of their quantum computers (through cloud)Quantum software platformLike QUBT, they hold the distinction of owning their own fab for chip production. Unlike QUBT (whose real prize is in imaging), they are taking a more general approach to the technology.November 2024 Company PresentationThey are currently working to overcome the different challenges that will take quantum far enough to become commercially viable. This is why, for example, the market responded favorably to the breakthrough I mentioned before. It entailed the first successful use of AI to calibrate a quantum computer. To quote their press release:“These results demonstrate the remarkable potential of AI-powered calibration tools in quantum computing,” said David Rivas, CTO at Rigetti Computing. “Using automated processes, both Qruise and Quantum Elements achieved performance levels matching our rigorous system specifications – work that can require weeks of manual tuning by a skilled engineering team. As we advance toward larger qubit counts, having validated that AI tools can reach our performance benchmarks is an exciting moment for the industry. This successful demonstration shows how automation accelerates quantum computer setup while maintaining the exacting standards required for quantum computation. We look forward to seeing these tools used by our customers who have both our Novera QPU and Quantum Machines’ control.”Thus, 2023's explosion of generative AI is directly feeding into the advancement of quantum technology. The interesting result here is that quantum is likely to provide a role in supporting the developing AI further, particularly as it applies to machine learning. For example, in the 2023 Form 10K, management notes:We already see emerging machine learning algorithms that take advantage of the unique capabilities of quantum computing to tackle the complex linear algebra problems at the heart of many machine learning tasks. In fact, recent research has emerged demonstrating that quantum algorithms could work better than classical ones for critical machine learning classification problems.Management posits this having a wide variety of uses cases, such molecular science for drug development, fraud detection, enhancing low-resolution images into high, and so on.There remain, however, more hurdles to cross before quantum computers provide profitable value. Rigetti company began commercial sales with their release of Novera last year, a 9-qubit chip capable of performing high-speed, 2-qubit operations and testing for single-qubit operations.November 2024 Company PresentationNovera is based on the architecture for their Ankaa system, which they began selling as a cloud service to customers in 2023 as well.Management has also spent much of this year investing in its sales and marketing team. CEO Subodh Kulkarni did speak optimistically during the Q3 earnings call about the potential sales going forward:So we certainly think as hardware continues to improve as the next year goes on we will continue to get better and better opportunities with government customers but also some commercial, research-oriented type customers.I believe the \"commercial, research-oriented\" detail to be important. Right now Rigetti enjoys government contracts. Gaining a more a commercial appeal will be a signal that their technology is value-creative in a way that a traditional computer would not be for that customer. Yet, the research component is important as well, as it means such commercial customers would initially be ones with a niche interest in quantum computing.As such, I don't expect sales growth to be phenomenal in the year to come, certainly not to the point that they generate positive cash flows. On that note...Financial OutlookAs one might guess from a company that just raised $100M in capital from new shares, Rigetti is not currently profitable.Income Statement (Q3 2024 Form 10Q)YTD revenues are essentially flat, year-over-year. RGTI's rally this month isn't because of vastly improved financials in recent times. It is as hope-driven as a rally can be.Balance Sheet (Q3 2024 Form 10Q)With the YTD losses around $50M, the company does at least have ample liquidity for the near term. In the earnings call, management guided that it should be sufficient for their needs until early 2026, and this was before the $100M was raised!Does this mean that we just have to let them invest the money, wait, and then we're sitting on a big winner? We might hesitate to conclude that, given how Kulkarni also remarked about the five-year revenue outlook:So if you take a look at our investor presentation, we cite the $7.6 billion number that IDC has in about 5 years time period, again primarily government, national labs and research-oriented customers. At least in the next 5 years, we believe a sizable part of that market is going to be on-premise quantum computers and a smaller part will be quantum computing as a service.That's not expected revenue, though. That's the five-year TAM. Sure, we can imagine Rigetti getting all of it, but even realizing strong margins would make the current valuation near $3B tough to justify.Yes, in their SEC filings, management references research that suggests the quantum computing TAM will be in the hundreds of billions by 2035. Thus, someone who buys today and is extremely patient might be able to enjoy that upside. They may also have their piece of the pie diluted by additional share offerings, offsetting their early advantage.For now, Rigetti still needs to solve certain scaling issues that would make quantum superior to traditional computers for large customers that could give them big contracts. As such, I expect the cash flow situation to be one of treading water for the next few years.ConclusionIn my view, it's very conceivable that RGTI could prove to be big win to those who buy today and wait very, very patiently. In fact, whenever I rate a stock as a Buy, I try to imagine that we could have it for as long as ten years. That usually entails multiple outs, however, such gradual capital appreciation, lucrative dividends, or maybe a tender offer at an attractive premium.With Rigetti, there are promising seeds of a product-and-sales process that can bring quantum computing into the wider world, but I only see that possibility materializing at the tale-end of the decade for now, with plenty of risks along the way that a company needing to raise cash will face.For that reason, I think the current price could only be fair at best. I'm giving it a Hold until a lower price returns or until a material improvement in the financial situation warrants greater optimism.","news_type":1,"symbols_score_info":{"RGTI":1.1}},"isVote":1,"tweetType":1,"viewCount":2100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385589371519416,"gmtCreate":1735178672813,"gmtModify":1735178678783,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"Wanna be tesla qkwk","listText":"Wanna be tesla qkwk","text":"Wanna be tesla qkwk","images":[{"img":"https://community-static.tradeup.com/news/527300565e55e3d57d934601589c5a54","width":"838","height":"1425"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385589371519416","isVote":1,"tweetType":1,"viewCount":2424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":385709224665256,"gmtCreate":1735178432448,"gmtModify":1735178436917,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> keep fly tesla oh tesla","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> keep fly tesla oh tesla","text":"$Tesla Motors(TSLA)$ keep fly tesla oh tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385709224665256","isVote":1,"tweetType":1,"viewCount":1187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385513155350992,"gmtCreate":1735160066110,"gmtModify":1735162632552,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> like a star honey","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> like a star honey","text":"$Tesla Motors(TSLA)$ like a star honey","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385513155350992","isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385509792436776,"gmtCreate":1735159251986,"gmtModify":1735159255072,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385509792436776","repostId":"2494028564","repostType":2,"isVote":1,"tweetType":1,"viewCount":1282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385499475890704,"gmtCreate":1735156729606,"gmtModify":1735162600871,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> love u tesla","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> love u tesla","text":"$Tesla Motors(TSLA)$ love u tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385499475890704","isVote":1,"tweetType":1,"viewCount":1234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385344417186280,"gmtCreate":1735118870825,"gmtModify":1735118874409,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> ineed more coin plizz","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> ineed more coin plizz","text":"$Tiger Brokers(TIGR)$ ineed more coin plizz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385344417186280","isVote":1,"tweetType":1,"viewCount":2273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385340930028064,"gmtCreate":1735118023426,"gmtModify":1735118026481,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> APT","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> APT","text":"$Tiger Brokers(TIGR)$ APT","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385340930028064","isVote":1,"tweetType":1,"viewCount":1779,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385452221169792,"gmtCreate":1735115608022,"gmtModify":1735116278120,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"marry cristmast","listText":"marry cristmast","text":"marry cristmast","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385452221169792","isVote":1,"tweetType":1,"viewCount":1459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385440759718016,"gmtCreate":1735112809816,"gmtModify":1735112812367,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385440759718016","isVote":1,"tweetType":1,"viewCount":1102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385433914368280,"gmtCreate":1735111226257,"gmtModify":1735111230016,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385433914368280","repostId":"385167592272392","repostType":1,"repost":{"id":385167592272392,"gmtCreate":1735075701644,"gmtModify":1735090202053,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3559581955535845","idStr":"3559581955535845"},"themes":[],"title":"My 2024 Tiger Moments  And The Year In Review ","htmlText":"🌟🌟🌟We do not remember days, we remember moments.&nbsp; My 2024 Tiger Moments have been filled with little moments that may seem small at that time but on hindsight, I look back and realise that I made the right decision.&nbsp; 2024 has been an eventful year.&nbsp; &nbsp;To recap, Japan's historic decision to end its negative interest rate policy led to the dramatic Wall Street crash in August.&nbsp; &nbsp;Due to the unexpected interest rate hike by Japan, the Dow Jones, S&amp;P 500 and Nasdaq Composite fell. Tech Giants bore the brunt of the crash with the Magnificent 7 stocks losing nearly USD 1 Trillion in market capitalisation.&nbsp; &nbsp;Nvidia alone saw its valuation drop by USD 168 billion while Apple lost USD 162 billion and Amazon lost USD 72 billion in market capitalisation. I re","listText":"🌟🌟🌟We do not remember days, we remember moments.&nbsp; My 2024 Tiger Moments have been filled with little moments that may seem small at that time but on hindsight, I look back and realise that I made the right decision.&nbsp; 2024 has been an eventful year.&nbsp; &nbsp;To recap, Japan's historic decision to end its negative interest rate policy led to the dramatic Wall Street crash in August.&nbsp; &nbsp;Due to the unexpected interest rate hike by Japan, the Dow Jones, S&amp;P 500 and Nasdaq Composite fell. Tech Giants bore the brunt of the crash with the Magnificent 7 stocks losing nearly USD 1 Trillion in market capitalisation.&nbsp; &nbsp;Nvidia alone saw its valuation drop by USD 168 billion while Apple lost USD 162 billion and Amazon lost USD 72 billion in market capitalisation. I re","text":"🌟🌟🌟We do not remember days, we remember moments. My 2024 Tiger Moments have been filled with little moments that may seem small at that time but on hindsight, I look back and realise that I made the right decision. 2024 has been an eventful year. To recap, Japan's historic decision to end its negative interest rate policy led to the dramatic Wall Street crash in August. Due to the unexpected interest rate hike by Japan, the Dow Jones, S&P 500 and Nasdaq Composite fell. Tech Giants bore the brunt of the crash with the Magnificent 7 stocks losing nearly USD 1 Trillion in market capitalisation. Nvidia alone saw its valuation drop by USD 168 billion while Apple lost USD 162 billion and Amazon lost USD 72 billion in market capitalisation. I re","images":[{"img":"https://community-static.tradeup.com/news/622ff98049465d5ca997a51ef3db5ac2","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/1deacb80e86fdfd9d6449441e5729198","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/a04b82f52acb5a988a59a9ec40f10a6f","width":"1080","height":"2340"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385167592272392","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1079,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385300534419504,"gmtCreate":1735108154674,"gmtModify":1735116181853,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198202521825712","idStr":"4198202521825712"},"themes":[],"htmlText":"Nice try thx for a lot","listText":"Nice try thx for a lot","text":"Nice try thx for a lot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385300534419504","isVote":1,"tweetType":1,"viewCount":956,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":385726112195056,"gmtCreate":1735212058511,"gmtModify":1735212310194,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> come on wake up honey !!&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> come on wake up honey !!&nbsp;","text":"$NVIDIA(NVDA)$ come on wake up honey !!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/385726112195056","isVote":1,"tweetType":1,"viewCount":2298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385709224665256,"gmtCreate":1735178432448,"gmtModify":1735178436917,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> keep fly tesla oh tesla","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> keep fly tesla oh tesla","text":"$Tesla Motors(TSLA)$ keep fly tesla oh tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385709224665256","isVote":1,"tweetType":1,"viewCount":1187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385846974820544,"gmtCreate":1735211983961,"gmtModify":1735558622868,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":"BTC OH BTC MARY X MASH","listText":"BTC OH BTC MARY X MASH","text":"BTC OH BTC MARY X MASH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385846974820544","isVote":1,"tweetType":1,"viewCount":2653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385722563060152,"gmtCreate":1735211190279,"gmtModify":1735211194261,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":"All about provit","listText":"All about provit","text":"All about provit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385722563060152","repostId":"1199443402","repostType":2,"repost":{"id":"1199443402","kind":"news","pubTimestamp":1735209000,"share":"https://ttm.financial/m/news/1199443402?lang=en_US&edition=fundamental","pubTime":"2024-12-26 18:30","market":"us","language":"en","title":"Rigetti Computing: AI Clears One Hurdle, But It's A Long Race","url":"https://stock-news.laohu8.com/highlight/detail?id=1199443402","media":"Seeking Alpha","summary":"SummaryQuantum computing's potential lies in its ability to perform complex computations exponentially faster than traditional computers, with Rigetti aiming to provide a full-stack quantum computing ","content":"<html><head></head><body><h2 id=\"id_2036051392\">Summary</h2><ul style=\"\"><li><p>Quantum computing&#39;s potential lies in its ability to perform complex computations exponentially faster than traditional computers, with Rigetti aiming to provide a full-stack quantum computing system.</p></li><li><p>Despite promising advancements and government contracts, Rigetti&#39;s financials remain weak, with no immediate profitability and a need for significant sales growth.</p></li><li><p>Long-term prospects are optimistic, but significant share dilution could occur in that time.</p></li><li><p>Given the high risks and long-term horizon for quantum computing&#39;s commercial viability, I rate Rigetti as a Hold until financials improve or the price lowers.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/84a54875c3bf9f5df3b1ba75e4574d28\" alt=\"Thomas Barwick/DigitalVision via Getty Images\" title=\"Thomas Barwick/DigitalVision via Getty Images\" tg-width=\"612\" tg-height=\"460\"/><span>Thomas Barwick/DigitalVision via Getty Images</span></p><p>Rigetti Computing (NASDAQ:RGTI) has come to the attention of many recently, after the share price surged over the past month.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/43acac16adce50c12855909f104a699a\" alt=\"RGTI 1M Price History (Seeking Alpha)\" title=\"RGTI 1M Price History (Seeking Alpha)\" tg-width=\"640\" tg-height=\"232\"/><span>RGTI 1M Price History (Seeking Alpha)</span></p><p>This rally occurred only weeks after its $100M ATM equity raise. While issuing new shares would normally reduce value, this was followed just weeks later by a favorable breakthrough. Paired with other favorable developments in the quantum space, the share price has almost quadrupled in the past month.</p><p>With the share price over $11 and the market cap over $3B, we ask if there is still opportunity. As with my recent coverage of Quantum Computing (QUBT) (another quantum stock that rallied), my aim here is to create a simple-as-possible thesis for investors who aren&#39;t versed in tech but still want a chance to ride whatever growth there may be.</p><p>For now, I think RGTI is too early, with too much risk of dilution, to be a Buy, but its long-term upside at least makes it a hopeful Hold.</p><h2 id=\"id_3678418244\">The Quantum Opportunity</h2><p>Let&#39;s talk for a moment about what quantum computers are and why they matter.</p><p>Traditional computers run on binary, the 0s and 1s we&#39;ve come to understand. It&#39;s effectively an alphabet with two letters. Quantum computers put the concept of Schrödinger&#39;s cat into use, where the simultaneous state of 0 and 1 are possible. While this is a very simple way of explaining it, just try to imagine how much more useful an alphabet becomes when it moves from two letters to three.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/089a959513c7df2530bfac9863a17bbc\" alt=\"November 2024 Company Presentation\" title=\"November 2024 Company Presentation\" tg-width=\"399\" tg-height=\"167\"/><span>November 2024 Company Presentation</span></p><p>Quantum therefore becomes exponentially more useful at scale in computations over traditional.</p><h2 id=\"id_2992675872\">Rigetti&#39;s Role</h2><p>Rigetti runs a vertical business model, aiming to provide &#34;full-stack quantum computing system.&#34; This entails:</p><ul style=\"\"><li><p>Chip manufacturing</p></li><li><p>Sales of QPUs</p></li><li><p>Use of their quantum computers (through cloud)</p></li><li><p>Quantum software platform</p></li></ul><p>Like QUBT, they hold the distinction of owning their own fab for chip production. Unlike QUBT (whose real prize is in imaging), they are taking a more general approach to the technology.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9e67190325e683ddbb088e933f7a8102\" alt=\"November 2024 Company Presentation\" title=\"November 2024 Company Presentation\" tg-width=\"640\" tg-height=\"341\"/><span>November 2024 Company Presentation</span></p><p>They are currently working to overcome the different challenges that will take quantum far enough to become commercially viable. This is why, for example, the market responded favorably to the breakthrough I mentioned before. It entailed the first successful use of AI to calibrate a quantum computer. To quote their press release:</p><blockquote><p>“These results demonstrate the remarkable potential of AI-powered calibration tools in quantum computing,” said David Rivas, CTO at Rigetti Computing. “Using automated processes, both Qruise and Quantum Elements achieved performance levels matching our rigorous system specifications – work that can require weeks of manual tuning by a skilled engineering team. As we advance toward larger qubit counts, having validated that AI tools can reach our performance benchmarks is an exciting moment for the industry. This successful demonstration shows how automation accelerates quantum computer setup while maintaining the exacting standards required for quantum computation. We look forward to seeing these tools used by our customers who have both our Novera QPU and Quantum Machines’ control.”</p></blockquote><p>Thus, 2023&#39;s explosion of generative AI is directly feeding into the advancement of quantum technology. The interesting result here is that quantum is likely to provide a role in supporting the developing AI further, particularly as it applies to machine learning. For example, in the 2023 Form 10K, management notes:</p><blockquote><p>We already see emerging machine learning algorithms that take advantage of the unique capabilities of quantum computing to tackle the complex linear algebra problems at the heart of many machine learning tasks. In fact, recent research has emerged demonstrating that quantum algorithms could work better than classical ones for critical machine learning classification problems.</p></blockquote><p>Management posits this having a wide variety of uses cases, such molecular science for drug development, fraud detection, enhancing low-resolution images into high, and so on.</p><p>There remain, however, more hurdles to cross before quantum computers provide <em>profitable</em> value. Rigetti company began commercial sales with their release of Novera last year, a 9-qubit chip capable of performing high-speed, 2-qubit operations and testing for single-qubit operations.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e77625306e7dcc04bd410d3bb93dfc18\" alt=\"November 2024 Company Presentation\" title=\"November 2024 Company Presentation\" tg-width=\"640\" tg-height=\"324\"/><span>November 2024 Company Presentation</span></p><p>Novera is based on the architecture for their Ankaa system, which they began selling as a cloud service to customers in 2023 as well.</p><p>Management has also spent much of this year investing in its sales and marketing team. CEO Subodh Kulkarni did speak optimistically during the Q3 earnings call about the potential sales going forward:</p><blockquote><p>So we certainly think as hardware continues to improve as the next year goes on we will continue to get better and better opportunities with government customers but also some <strong>commercial, research-oriented</strong> type customers.</p></blockquote><p>I believe the &#34;commercial, research-oriented&#34; detail to be important. Right now Rigetti enjoys government contracts. Gaining a more a commercial appeal will be a signal that their technology is value-creative in a way that a traditional computer would not be for that customer. Yet, the research component is important as well, as it means such commercial customers would initially be ones with a niche interest in quantum computing.</p><p>As such, I don&#39;t expect sales growth to be phenomenal in the year to come, certainly not to the point that they generate positive cash flows. On that note...</p><h2 id=\"id_2717710737\">Financial Outlook</h2><p>As one might guess from a company that just raised $100M in capital from new shares, Rigetti is not currently profitable.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e51720913f40dfc4f04c0dbc9bb52826\" alt=\"Income Statement (Q3 2024 Form 10Q)\" title=\"Income Statement (Q3 2024 Form 10Q)\" tg-width=\"498\" tg-height=\"281\"/><span>Income Statement (Q3 2024 Form 10Q)</span></p><p>YTD revenues are essentially flat, year-over-year. RGTI&#39;s rally this month isn&#39;t because of vastly improved financials in recent times. It is as hope-driven as a rally can be.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/036fdf21500319cfc237a284cee4fea8\" alt=\"Balance Sheet (Q3 2024 Form 10Q)\" title=\"Balance Sheet (Q3 2024 Form 10Q)\" tg-width=\"640\" tg-height=\"236\"/><span>Balance Sheet (Q3 2024 Form 10Q)</span></p><p>With the YTD losses around $50M, the company does at least have ample liquidity for the near term. In the earnings call, management guided that it should be sufficient for their needs until early 2026, and this was before the $100M was raised!</p><p>Does this mean that we just have to let them invest the money, wait, and then we&#39;re sitting on a big winner? We might hesitate to conclude that, given how Kulkarni also remarked about the five-year revenue outlook:</p><blockquote><p>So if you take a look at our investor presentation, we cite the $7.6 billion number that IDC has in about 5 years time period, again primarily government, national labs and research-oriented customers. At least in the next 5 years, we believe a sizable part of that market is going to be on-premise quantum computers and a smaller part will be quantum computing as a service.</p></blockquote><p>That&#39;s not expected revenue, though. <em>That&#39;s the five-year TAM.</em> Sure, we can imagine Rigetti getting all of it, but even realizing strong margins would make the current valuation near $3B tough to justify.</p><p>Yes, in their SEC filings, management references research that suggests the quantum computing TAM will be in the hundreds of billions by 2035. Thus, someone who buys today and is extremely patient might be able to enjoy that upside. They may also have their piece of the pie diluted by additional share offerings, offsetting their early advantage.</p><p>For now, Rigetti still needs to solve certain scaling issues that would make quantum superior to traditional computers for large customers that could give them big contracts. As such, I expect the cash flow situation to be one of treading water for the next few years.</p><h2 id=\"id_2864027505\">Conclusion</h2><p>In my view, it&#39;s very conceivable that RGTI could prove to be big win to those who buy today and wait very, <em>very</em> patiently. In fact, whenever I rate a stock as a Buy, I try to imagine that we could have it for as long as ten years. That usually entails multiple outs, however, such gradual capital appreciation, lucrative dividends, or maybe a tender offer at an attractive premium.</p><p>With Rigetti, there are promising seeds of a product-and-sales process that can bring quantum computing into the wider world, but I only see that possibility materializing at the tale-end of the decade for now, with plenty of risks along the way that a company needing to raise cash will face.</p><p>For that reason, I think the current price could only be fair at best. I&#39;m giving it a Hold until a lower price returns or until a material improvement in the financial situation warrants greater optimism.</p></body></html>","source":"lsy1728464409321","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rigetti Computing: AI Clears One Hurdle, But It's A Long Race</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRigetti Computing: AI Clears One Hurdle, But It's A Long Race\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-26 18:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4746464-rigetti-computing-ai-clears-one-hurdle-but-its-a-long-race><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryQuantum computing's potential lies in its ability to perform complex computations exponentially faster than traditional computers, with Rigetti aiming to provide a full-stack quantum computing ...</p>\n\n<a href=\"https://seekingalpha.com/article/4746464-rigetti-computing-ai-clears-one-hurdle-but-its-a-long-race\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RGTI":"Rigetti Computing"},"source_url":"https://seekingalpha.com/article/4746464-rigetti-computing-ai-clears-one-hurdle-but-its-a-long-race","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199443402","content_text":"SummaryQuantum computing's potential lies in its ability to perform complex computations exponentially faster than traditional computers, with Rigetti aiming to provide a full-stack quantum computing system.Despite promising advancements and government contracts, Rigetti's financials remain weak, with no immediate profitability and a need for significant sales growth.Long-term prospects are optimistic, but significant share dilution could occur in that time.Given the high risks and long-term horizon for quantum computing's commercial viability, I rate Rigetti as a Hold until financials improve or the price lowers.Thomas Barwick/DigitalVision via Getty ImagesRigetti Computing (NASDAQ:RGTI) has come to the attention of many recently, after the share price surged over the past month.RGTI 1M Price History (Seeking Alpha)This rally occurred only weeks after its $100M ATM equity raise. While issuing new shares would normally reduce value, this was followed just weeks later by a favorable breakthrough. Paired with other favorable developments in the quantum space, the share price has almost quadrupled in the past month.With the share price over $11 and the market cap over $3B, we ask if there is still opportunity. As with my recent coverage of Quantum Computing (QUBT) (another quantum stock that rallied), my aim here is to create a simple-as-possible thesis for investors who aren't versed in tech but still want a chance to ride whatever growth there may be.For now, I think RGTI is too early, with too much risk of dilution, to be a Buy, but its long-term upside at least makes it a hopeful Hold.The Quantum OpportunityLet's talk for a moment about what quantum computers are and why they matter.Traditional computers run on binary, the 0s and 1s we've come to understand. It's effectively an alphabet with two letters. Quantum computers put the concept of Schrödinger's cat into use, where the simultaneous state of 0 and 1 are possible. While this is a very simple way of explaining it, just try to imagine how much more useful an alphabet becomes when it moves from two letters to three.November 2024 Company PresentationQuantum therefore becomes exponentially more useful at scale in computations over traditional.Rigetti's RoleRigetti runs a vertical business model, aiming to provide \"full-stack quantum computing system.\" This entails:Chip manufacturingSales of QPUsUse of their quantum computers (through cloud)Quantum software platformLike QUBT, they hold the distinction of owning their own fab for chip production. Unlike QUBT (whose real prize is in imaging), they are taking a more general approach to the technology.November 2024 Company PresentationThey are currently working to overcome the different challenges that will take quantum far enough to become commercially viable. This is why, for example, the market responded favorably to the breakthrough I mentioned before. It entailed the first successful use of AI to calibrate a quantum computer. To quote their press release:“These results demonstrate the remarkable potential of AI-powered calibration tools in quantum computing,” said David Rivas, CTO at Rigetti Computing. “Using automated processes, both Qruise and Quantum Elements achieved performance levels matching our rigorous system specifications – work that can require weeks of manual tuning by a skilled engineering team. As we advance toward larger qubit counts, having validated that AI tools can reach our performance benchmarks is an exciting moment for the industry. This successful demonstration shows how automation accelerates quantum computer setup while maintaining the exacting standards required for quantum computation. We look forward to seeing these tools used by our customers who have both our Novera QPU and Quantum Machines’ control.”Thus, 2023's explosion of generative AI is directly feeding into the advancement of quantum technology. The interesting result here is that quantum is likely to provide a role in supporting the developing AI further, particularly as it applies to machine learning. For example, in the 2023 Form 10K, management notes:We already see emerging machine learning algorithms that take advantage of the unique capabilities of quantum computing to tackle the complex linear algebra problems at the heart of many machine learning tasks. In fact, recent research has emerged demonstrating that quantum algorithms could work better than classical ones for critical machine learning classification problems.Management posits this having a wide variety of uses cases, such molecular science for drug development, fraud detection, enhancing low-resolution images into high, and so on.There remain, however, more hurdles to cross before quantum computers provide profitable value. Rigetti company began commercial sales with their release of Novera last year, a 9-qubit chip capable of performing high-speed, 2-qubit operations and testing for single-qubit operations.November 2024 Company PresentationNovera is based on the architecture for their Ankaa system, which they began selling as a cloud service to customers in 2023 as well.Management has also spent much of this year investing in its sales and marketing team. CEO Subodh Kulkarni did speak optimistically during the Q3 earnings call about the potential sales going forward:So we certainly think as hardware continues to improve as the next year goes on we will continue to get better and better opportunities with government customers but also some commercial, research-oriented type customers.I believe the \"commercial, research-oriented\" detail to be important. Right now Rigetti enjoys government contracts. Gaining a more a commercial appeal will be a signal that their technology is value-creative in a way that a traditional computer would not be for that customer. Yet, the research component is important as well, as it means such commercial customers would initially be ones with a niche interest in quantum computing.As such, I don't expect sales growth to be phenomenal in the year to come, certainly not to the point that they generate positive cash flows. On that note...Financial OutlookAs one might guess from a company that just raised $100M in capital from new shares, Rigetti is not currently profitable.Income Statement (Q3 2024 Form 10Q)YTD revenues are essentially flat, year-over-year. RGTI's rally this month isn't because of vastly improved financials in recent times. It is as hope-driven as a rally can be.Balance Sheet (Q3 2024 Form 10Q)With the YTD losses around $50M, the company does at least have ample liquidity for the near term. In the earnings call, management guided that it should be sufficient for their needs until early 2026, and this was before the $100M was raised!Does this mean that we just have to let them invest the money, wait, and then we're sitting on a big winner? We might hesitate to conclude that, given how Kulkarni also remarked about the five-year revenue outlook:So if you take a look at our investor presentation, we cite the $7.6 billion number that IDC has in about 5 years time period, again primarily government, national labs and research-oriented customers. At least in the next 5 years, we believe a sizable part of that market is going to be on-premise quantum computers and a smaller part will be quantum computing as a service.That's not expected revenue, though. That's the five-year TAM. Sure, we can imagine Rigetti getting all of it, but even realizing strong margins would make the current valuation near $3B tough to justify.Yes, in their SEC filings, management references research that suggests the quantum computing TAM will be in the hundreds of billions by 2035. Thus, someone who buys today and is extremely patient might be able to enjoy that upside. They may also have their piece of the pie diluted by additional share offerings, offsetting their early advantage.For now, Rigetti still needs to solve certain scaling issues that would make quantum superior to traditional computers for large customers that could give them big contracts. As such, I expect the cash flow situation to be one of treading water for the next few years.ConclusionIn my view, it's very conceivable that RGTI could prove to be big win to those who buy today and wait very, very patiently. In fact, whenever I rate a stock as a Buy, I try to imagine that we could have it for as long as ten years. That usually entails multiple outs, however, such gradual capital appreciation, lucrative dividends, or maybe a tender offer at an attractive premium.With Rigetti, there are promising seeds of a product-and-sales process that can bring quantum computing into the wider world, but I only see that possibility materializing at the tale-end of the decade for now, with plenty of risks along the way that a company needing to raise cash will face.For that reason, I think the current price could only be fair at best. I'm giving it a Hold until a lower price returns or until a material improvement in the financial situation warrants greater optimism.","news_type":1,"symbols_score_info":{"RGTI":1.1}},"isVote":1,"tweetType":1,"viewCount":2100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385419568193944,"gmtCreate":1735107727357,"gmtModify":1735116175244,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":"Niveeeee","listText":"Niveeeee","text":"Niveeeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385419568193944","repostId":"1160353490","repostType":2,"repost":{"id":"1160353490","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1735096053,"share":"https://ttm.financial/m/news/1160353490?lang=en_US&edition=fundamental","pubTime":"2024-12-25 11:07","market":"us","language":"en","title":"Crypto Daily | Bitcoin Approaching $100K on Christmas Eve; Riot Platforms and MicroStrategy Rally 8%","url":"https://stock-news.laohu8.com/highlight/detail?id=1160353490","media":"Tiger Newspress","summary":"Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin Approaching $100K on Christmas EveThe price of Bitcoin, ","content":"<html><head></head><body><p><strong><em>Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.</em></strong></p><h2 id=\"id_2266231118\">Crypto News</h2><h3 id=\"id_529851576\" style=\"text-align: start;\">Bitcoin Approaching $100K on Christmas Eve</h3><p>The price of Bitcoin, the leading cryptocurrency by market capitalization, is approaching the $100,000 level once again on Christmas Eve. </p><p>The pioneer cryptocurrency is currently changing hands at $98,703, according to data provided by CoinGecko. </p><p>The cryptocurrency has surged by nearly 6% in mere hours, with some pundits jokingly describing this overperformance as a &#34;Christmas miracle.&#34; </p><p style=\"text-align: start;\">Following the sudden spike, Bitcoin bears might not be in the festive spirit. According to data provided by CoinGlass, roughly $61 million worth of Bitcoin shorts ended up being liquidated over the past four hours. </p><p>Crypto stocks rallied on Tuesday. <a href=\"https://laohu8.com/S/HUT\">Hut 8</a> rose 12%; <a href=\"https://laohu8.com/S/CAN\">Canaan</a> rose 9%; <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> and <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> rose 8%; <a href=\"https://laohu8.com/S/WULF\">TeraWulf</a> rose 7%; <a href=\"https://laohu8.com/S/MARA\">MARA Holdings</a> rose 5%; <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> and <a href=\"https://laohu8.com/S/CLSK\">CleanSpark</a> rose 4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bc59101accd10b0a440fc4e60b1cc627\" title=\"\" tg-width=\"546\" tg-height=\"630\"/></p><h3 id=\"id_2595986851\" style=\"text-align: start;\">Coinbase CEO, Other Crypto Insiders Billions Richer After Seeking to Steer Elections</h3><p>The leaders of the companies responsible for the river of money that flooded U.S. political shores this year have already benefited tremendously from the outcome of last month&#39;s election — increasing their personal fortunes by billions of dollars, far outpacing the large spending they devoted to crypto-friendly candidates.</p><p>Coinbase CEO Brian Armstrong and his company devoted some $74 million to the industry&#39;s dominant political action committee, Fairshake, putting Armstrong in a close lead over a few other crypto insiders. That&#39;s an especially significant amount of money from a company that booked about $95 million in 2023 profits. But the elections went their way, and the company&#39;s value has ballooned by $21 billion since Nov. 4, the day before in-person voting began and the outcome became clear.</p><p>In a pre-programmed series of trades starting less than a week after the election, Armstrong sold $100 million worth of his Coinbase shares. Those same shares on the night before the election had been worth about $39 million less. A week after that, he cashed in about $313 million — all part of a selling strategy he&#39;d set in motion if the price spiked.</p><p>Since then, the co-founder and CEO sold smaller amounts week after week, for a total of about $437 million for stock that was worth $308 million before the victories of President-elect Donald Trump and a slate of congressional lawmakers backed by crypto. In other words, the pro-crypto sentiment surging after the election outcome that Armstrong helped shape earned him an additional $129 million in wealth for the shares he sold.</p><p>He still owns more than 10% of the largest U.S. crypto exchange, and the value of about 24 million shares tucked into his trust, according to the latest Securities and Exchange Commission filings, is about $6.4 billion — up near $2 billion since Nov. 5.</p><h3 id=\"id_2862448921\">MicroStrategy Calls Shareholders Meeting to Fund More Bitcoin Purchases</h3><p>Software company MicroStrategy is calling a special shareholder meeting to expand its equity-issuance plan and purchase more Bitcoin. </p><p style=\"text-align: start;\">According to a Dec. 23 proxy filing with the Securities and Exchange Commission, the company is seeking permission to increase the number of authorized shares for both Class A common stock and preferred stock, giving it more flexibility to issue additional shares as needed in the future.</p><p style=\"text-align: start;\">The first amendment seeks to raise the authorized Class A common stock from 330 million shares to 10.33 billion shares, while the second amendment aims to increase the authorized preferred stock from 5 million shares to over 1 billion shares.</p><p>Behind the proposals is MicroStrategy’s 21/21 Plan. Disclosed in October, the plan outlined the company’s goal of purchasing an additional $42 billion worth of Bitcoin over the next three years. The plan involves raising $21 billion through equity sales and an additional $21 billion via fixed-income securities.</p><h3 id=\"id_1424513985\">BlackRock&#39;s IBIT and Fidelity&#39;s FBTC Now Hold Almost $50B Worth of Bitcoin Combined</h3><p>BlackRock&#39;s IBIT and Fidelity&#39;s FBTC now hold almost $50B worth of Bitcoin combined, according to Cointelegraph.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a974fe83f9e8f08e52b59b0599835bdb\" title=\"\" tg-width=\"891\" tg-height=\"676\"/></p><h2 id=\"id_1130603688\">Bitcoin Spot ETF Flow</h2><p>The overall net outflow of the US Bitcoin spot ETF on Tuesday was $338.38 million. The total net asset value of Bitcoin spot ETFs is $110.04 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.71%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6a310f64c3bdc97faa04189160c993c2\" alt=\"Source: SoSoValue\" title=\"Source: SoSoValue\" tg-width=\"1759\" tg-height=\"317\"/><span>Source: SoSoValue</span></p><p>The Bitcoin spot ETF with the highest net outflow on December 24 was <a href=\"https://laohu8.com/S/IBIT\">iShares Bitcoin Trust</a> (IBIT), with a net outflow of $188.71 million. Following that was <a href=\"https://laohu8.com/S/FBTC\">Fidelity Wise Origin Bitcoin Fund</a> (FBTC), with a net outflow of 83.16 million, according to SoSoValue.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f435d6a545e387539513b5a4eb6c2556\" alt=\"Source: SoSoValue\" title=\"Source: SoSoValue\" tg-width=\"1793\" tg-height=\"616\"/><span>Source: SoSoValue</span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Daily | Bitcoin Approaching $100K on Christmas Eve; Riot Platforms and MicroStrategy Rally 8%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Daily | Bitcoin Approaching $100K on Christmas Eve; Riot Platforms and MicroStrategy Rally 8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-12-25 11:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><strong><em>Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.</em></strong></p><h2 id=\"id_2266231118\">Crypto News</h2><h3 id=\"id_529851576\" style=\"text-align: start;\">Bitcoin Approaching $100K on Christmas Eve</h3><p>The price of Bitcoin, the leading cryptocurrency by market capitalization, is approaching the $100,000 level once again on Christmas Eve. </p><p>The pioneer cryptocurrency is currently changing hands at $98,703, according to data provided by CoinGecko. </p><p>The cryptocurrency has surged by nearly 6% in mere hours, with some pundits jokingly describing this overperformance as a &#34;Christmas miracle.&#34; </p><p style=\"text-align: start;\">Following the sudden spike, Bitcoin bears might not be in the festive spirit. According to data provided by CoinGlass, roughly $61 million worth of Bitcoin shorts ended up being liquidated over the past four hours. </p><p>Crypto stocks rallied on Tuesday. <a href=\"https://laohu8.com/S/HUT\">Hut 8</a> rose 12%; <a href=\"https://laohu8.com/S/CAN\">Canaan</a> rose 9%; <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> and <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> rose 8%; <a href=\"https://laohu8.com/S/WULF\">TeraWulf</a> rose 7%; <a href=\"https://laohu8.com/S/MARA\">MARA Holdings</a> rose 5%; <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> and <a href=\"https://laohu8.com/S/CLSK\">CleanSpark</a> rose 4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bc59101accd10b0a440fc4e60b1cc627\" title=\"\" tg-width=\"546\" tg-height=\"630\"/></p><h3 id=\"id_2595986851\" style=\"text-align: start;\">Coinbase CEO, Other Crypto Insiders Billions Richer After Seeking to Steer Elections</h3><p>The leaders of the companies responsible for the river of money that flooded U.S. political shores this year have already benefited tremendously from the outcome of last month&#39;s election — increasing their personal fortunes by billions of dollars, far outpacing the large spending they devoted to crypto-friendly candidates.</p><p>Coinbase CEO Brian Armstrong and his company devoted some $74 million to the industry&#39;s dominant political action committee, Fairshake, putting Armstrong in a close lead over a few other crypto insiders. That&#39;s an especially significant amount of money from a company that booked about $95 million in 2023 profits. But the elections went their way, and the company&#39;s value has ballooned by $21 billion since Nov. 4, the day before in-person voting began and the outcome became clear.</p><p>In a pre-programmed series of trades starting less than a week after the election, Armstrong sold $100 million worth of his Coinbase shares. Those same shares on the night before the election had been worth about $39 million less. A week after that, he cashed in about $313 million — all part of a selling strategy he&#39;d set in motion if the price spiked.</p><p>Since then, the co-founder and CEO sold smaller amounts week after week, for a total of about $437 million for stock that was worth $308 million before the victories of President-elect Donald Trump and a slate of congressional lawmakers backed by crypto. In other words, the pro-crypto sentiment surging after the election outcome that Armstrong helped shape earned him an additional $129 million in wealth for the shares he sold.</p><p>He still owns more than 10% of the largest U.S. crypto exchange, and the value of about 24 million shares tucked into his trust, according to the latest Securities and Exchange Commission filings, is about $6.4 billion — up near $2 billion since Nov. 5.</p><h3 id=\"id_2862448921\">MicroStrategy Calls Shareholders Meeting to Fund More Bitcoin Purchases</h3><p>Software company MicroStrategy is calling a special shareholder meeting to expand its equity-issuance plan and purchase more Bitcoin. </p><p style=\"text-align: start;\">According to a Dec. 23 proxy filing with the Securities and Exchange Commission, the company is seeking permission to increase the number of authorized shares for both Class A common stock and preferred stock, giving it more flexibility to issue additional shares as needed in the future.</p><p style=\"text-align: start;\">The first amendment seeks to raise the authorized Class A common stock from 330 million shares to 10.33 billion shares, while the second amendment aims to increase the authorized preferred stock from 5 million shares to over 1 billion shares.</p><p>Behind the proposals is MicroStrategy’s 21/21 Plan. Disclosed in October, the plan outlined the company’s goal of purchasing an additional $42 billion worth of Bitcoin over the next three years. The plan involves raising $21 billion through equity sales and an additional $21 billion via fixed-income securities.</p><h3 id=\"id_1424513985\">BlackRock&#39;s IBIT and Fidelity&#39;s FBTC Now Hold Almost $50B Worth of Bitcoin Combined</h3><p>BlackRock&#39;s IBIT and Fidelity&#39;s FBTC now hold almost $50B worth of Bitcoin combined, according to Cointelegraph.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a974fe83f9e8f08e52b59b0599835bdb\" title=\"\" tg-width=\"891\" tg-height=\"676\"/></p><h2 id=\"id_1130603688\">Bitcoin Spot ETF Flow</h2><p>The overall net outflow of the US Bitcoin spot ETF on Tuesday was $338.38 million. The total net asset value of Bitcoin spot ETFs is $110.04 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.71%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6a310f64c3bdc97faa04189160c993c2\" alt=\"Source: SoSoValue\" title=\"Source: SoSoValue\" tg-width=\"1759\" tg-height=\"317\"/><span>Source: SoSoValue</span></p><p>The Bitcoin spot ETF with the highest net outflow on December 24 was <a href=\"https://laohu8.com/S/IBIT\">iShares Bitcoin Trust</a> (IBIT), with a net outflow of $188.71 million. Following that was <a href=\"https://laohu8.com/S/FBTC\">Fidelity Wise Origin Bitcoin Fund</a> (FBTC), with a net outflow of 83.16 million, according to SoSoValue.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f435d6a545e387539513b5a4eb6c2556\" alt=\"Source: SoSoValue\" title=\"Source: SoSoValue\" tg-width=\"1793\" tg-height=\"616\"/><span>Source: SoSoValue</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"Strategy","WULF":"TeraWulf Inc.","HUT":"Hut 8 Mining Corp","COIN":"Coinbase Global, Inc.","CAN":"嘉楠科技","RIOT":"Riot Platforms","IBIT":"比特币ETF-iShares","FBTC":"比特币ETF-Fidelity","MARA":"MARA Holdings","CLSK":"CleanSpark, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160353490","content_text":"Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin Approaching $100K on Christmas EveThe price of Bitcoin, the leading cryptocurrency by market capitalization, is approaching the $100,000 level once again on Christmas Eve. The pioneer cryptocurrency is currently changing hands at $98,703, according to data provided by CoinGecko. The cryptocurrency has surged by nearly 6% in mere hours, with some pundits jokingly describing this overperformance as a \"Christmas miracle.\" Following the sudden spike, Bitcoin bears might not be in the festive spirit. According to data provided by CoinGlass, roughly $61 million worth of Bitcoin shorts ended up being liquidated over the past four hours. Crypto stocks rallied on Tuesday. Hut 8 rose 12%; Canaan rose 9%; Riot Platforms and MicroStrategy rose 8%; TeraWulf rose 7%; MARA Holdings rose 5%; Coinbase and CleanSpark rose 4%.Coinbase CEO, Other Crypto Insiders Billions Richer After Seeking to Steer ElectionsThe leaders of the companies responsible for the river of money that flooded U.S. political shores this year have already benefited tremendously from the outcome of last month's election — increasing their personal fortunes by billions of dollars, far outpacing the large spending they devoted to crypto-friendly candidates.Coinbase CEO Brian Armstrong and his company devoted some $74 million to the industry's dominant political action committee, Fairshake, putting Armstrong in a close lead over a few other crypto insiders. That's an especially significant amount of money from a company that booked about $95 million in 2023 profits. But the elections went their way, and the company's value has ballooned by $21 billion since Nov. 4, the day before in-person voting began and the outcome became clear.In a pre-programmed series of trades starting less than a week after the election, Armstrong sold $100 million worth of his Coinbase shares. Those same shares on the night before the election had been worth about $39 million less. A week after that, he cashed in about $313 million — all part of a selling strategy he'd set in motion if the price spiked.Since then, the co-founder and CEO sold smaller amounts week after week, for a total of about $437 million for stock that was worth $308 million before the victories of President-elect Donald Trump and a slate of congressional lawmakers backed by crypto. In other words, the pro-crypto sentiment surging after the election outcome that Armstrong helped shape earned him an additional $129 million in wealth for the shares he sold.He still owns more than 10% of the largest U.S. crypto exchange, and the value of about 24 million shares tucked into his trust, according to the latest Securities and Exchange Commission filings, is about $6.4 billion — up near $2 billion since Nov. 5.MicroStrategy Calls Shareholders Meeting to Fund More Bitcoin PurchasesSoftware company MicroStrategy is calling a special shareholder meeting to expand its equity-issuance plan and purchase more Bitcoin. According to a Dec. 23 proxy filing with the Securities and Exchange Commission, the company is seeking permission to increase the number of authorized shares for both Class A common stock and preferred stock, giving it more flexibility to issue additional shares as needed in the future.The first amendment seeks to raise the authorized Class A common stock from 330 million shares to 10.33 billion shares, while the second amendment aims to increase the authorized preferred stock from 5 million shares to over 1 billion shares.Behind the proposals is MicroStrategy’s 21/21 Plan. Disclosed in October, the plan outlined the company’s goal of purchasing an additional $42 billion worth of Bitcoin over the next three years. The plan involves raising $21 billion through equity sales and an additional $21 billion via fixed-income securities.BlackRock's IBIT and Fidelity's FBTC Now Hold Almost $50B Worth of Bitcoin CombinedBlackRock's IBIT and Fidelity's FBTC now hold almost $50B worth of Bitcoin combined, according to Cointelegraph.Bitcoin Spot ETF FlowThe overall net outflow of the US Bitcoin spot ETF on Tuesday was $338.38 million. The total net asset value of Bitcoin spot ETFs is $110.04 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.71%.Source: SoSoValueThe Bitcoin spot ETF with the highest net outflow on December 24 was iShares Bitcoin Trust (IBIT), with a net outflow of $188.71 million. Following that was Fidelity Wise Origin Bitcoin Fund (FBTC), with a net outflow of 83.16 million, according to SoSoValue.Source: SoSoValue","news_type":1,"symbols_score_info":{"IBIT":1.1,"MSTR":1.1,"WULF":1.1,"CAN":1.1,"RIOT":1.1,"FBTC":1.1,"HUT":1.1,"MARA":1.1,"CLSK":1.1,"COIN":1.1}},"isVote":1,"tweetType":1,"viewCount":1265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385955591872568,"gmtCreate":1735238602213,"gmtModify":1735238607434,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":"Beginner","listText":"Beginner","text":"Beginner","images":[{"img":"https://community-static.tradeup.com/news/bdbf9b8a375b47a3e95f22419f111526","width":"898","height":"1530"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385955591872568","isVote":1,"tweetType":1,"viewCount":1913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":385736033128912,"gmtCreate":1735214479630,"gmtModify":1735214482699,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":"...&nbsp;","listText":"...&nbsp;","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385736033128912","repostId":"1187629883","repostType":2,"repost":{"id":"1187629883","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1735212359,"share":"https://ttm.financial/m/news/1187629883?lang=en_US&edition=fundamental","pubTime":"2024-12-26 19:25","market":"us","language":"en","title":"Tesla Or BYD: Which EV Giant Will Sell More Battery Electric Vehicles In Q4?","url":"https://stock-news.laohu8.com/highlight/detail?id=1187629883","media":"Benzinga","summary":"Chinese EV giant $BYD Co Ltd(BYDDY)$ overtook its American rival $Tesla Inc(TSLA)$ in the fourth quarter of 2023 as the world’s biggest battery electric vehicle seller. Tesla, however, took back the t","content":"<html><head></head><body><p>Chinese EV giant <a href=\"https://laohu8.com/S/BYDDY\">BYD Co Ltd</a> overtook its American rival <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> in the fourth quarter of 2023 as the world’s biggest battery electric vehicle seller. Tesla, however, took back the title in the first quarter of this year and has been holding on to it since.</p><p style=\"text-align: start;\"><strong>What Happened:</strong> In the last quarter of 2023, BYD sold 526,409 battery electric vehicles, effectively replacing Tesla as the world’s biggest seller of BEVs. Tesla in that quarter delivered just 484,507 units.</p><p style=\"text-align: start;\">Tesla regained its position as the world’s top seller of BEVs in the first quarter after selling 386,810 BEVs, 86,696 units more than BYD. Unlike Tesla which sells only battery electric vehicles, BYD also makes plug-in hybrids.</p><p><strong>Quarterly BEV Sales: Tesla Vs. BYD</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d6a4c89d4d5240f285f272d0780fa8b\" tg-width=\"841\" tg-height=\"214\"/></p><p>In Q2 and Q3 this year, Tesla kept its lead ahead of BYD in global BEV deliveries despite hardships.</p><p style=\"text-align: start;\">In October and November, BYD cumulatively sold 387,679 battery-electric vehicles. The company now needs to sell around 112,400 BEVs in December to cross 500,000 BEV sales in a quarter yet again.</p><p style=\"text-align: start;\">As for Tesla, it is unclear how many vehicles the company has sold thus far this quarter given it only releases sales data at the end of every three months.</p><p style=\"text-align: start;\">For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December. Tesla has not delivered over 500,000 vehicles in a quarter to date, making this an ambitious target.</p><p style=\"text-align: start;\">Furthermore, according to data from the European Automobile Manufacturers&#39; Association (ACEA), the company is faced with demand challenges in the European Union which might weigh heavily upon the company’s annual delivery target.</p><p style=\"text-align: start;\"><strong>Financials:</strong></p><p style=\"text-align: start;\">For the third quarter between July and September, BYD&#39;s operating revenue rose 24% to 201.12 billion yuan ($27.55 billion), the company said in a filing.</p><p style=\"text-align: start;\">Tesla, meanwhile, reported a total revenue of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped <strong>Elon Musk’s</strong> EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.</p><p style=\"text-align: start;\">Despite reporting higher revenue than Tesla in the third quarter, BYD’s net profit continued to trail behind Tesla’s net income of $2.167 billion. The company reported a diluted earnings per share of 4 yuan (55 cents) for the quarter, lower than Tesla’s adjusted earnings per share of 72 cents.<br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Or BYD: Which EV Giant Will Sell More Battery Electric Vehicles In Q4?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Or BYD: Which EV Giant Will Sell More Battery Electric Vehicles In Q4?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-12-26 19:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese EV giant <a href=\"https://laohu8.com/S/BYDDY\">BYD Co Ltd</a> overtook its American rival <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> in the fourth quarter of 2023 as the world’s biggest battery electric vehicle seller. Tesla, however, took back the title in the first quarter of this year and has been holding on to it since.</p><p style=\"text-align: start;\"><strong>What Happened:</strong> In the last quarter of 2023, BYD sold 526,409 battery electric vehicles, effectively replacing Tesla as the world’s biggest seller of BEVs. Tesla in that quarter delivered just 484,507 units.</p><p style=\"text-align: start;\">Tesla regained its position as the world’s top seller of BEVs in the first quarter after selling 386,810 BEVs, 86,696 units more than BYD. Unlike Tesla which sells only battery electric vehicles, BYD also makes plug-in hybrids.</p><p><strong>Quarterly BEV Sales: Tesla Vs. BYD</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d6a4c89d4d5240f285f272d0780fa8b\" tg-width=\"841\" tg-height=\"214\"/></p><p>In Q2 and Q3 this year, Tesla kept its lead ahead of BYD in global BEV deliveries despite hardships.</p><p style=\"text-align: start;\">In October and November, BYD cumulatively sold 387,679 battery-electric vehicles. The company now needs to sell around 112,400 BEVs in December to cross 500,000 BEV sales in a quarter yet again.</p><p style=\"text-align: start;\">As for Tesla, it is unclear how many vehicles the company has sold thus far this quarter given it only releases sales data at the end of every three months.</p><p style=\"text-align: start;\">For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December. Tesla has not delivered over 500,000 vehicles in a quarter to date, making this an ambitious target.</p><p style=\"text-align: start;\">Furthermore, according to data from the European Automobile Manufacturers&#39; Association (ACEA), the company is faced with demand challenges in the European Union which might weigh heavily upon the company’s annual delivery target.</p><p style=\"text-align: start;\"><strong>Financials:</strong></p><p style=\"text-align: start;\">For the third quarter between July and September, BYD&#39;s operating revenue rose 24% to 201.12 billion yuan ($27.55 billion), the company said in a filing.</p><p style=\"text-align: start;\">Tesla, meanwhile, reported a total revenue of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped <strong>Elon Musk’s</strong> EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.</p><p style=\"text-align: start;\">Despite reporting higher revenue than Tesla in the third quarter, BYD’s net profit continued to trail behind Tesla’s net income of $2.167 billion. The company reported a diluted earnings per share of 4 yuan (55 cents) for the quarter, lower than Tesla’s adjusted earnings per share of 72 cents.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","BYDDY":"比亚迪ADR"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187629883","content_text":"Chinese EV giant BYD Co Ltd overtook its American rival Tesla Inc in the fourth quarter of 2023 as the world’s biggest battery electric vehicle seller. Tesla, however, took back the title in the first quarter of this year and has been holding on to it since.What Happened: In the last quarter of 2023, BYD sold 526,409 battery electric vehicles, effectively replacing Tesla as the world’s biggest seller of BEVs. Tesla in that quarter delivered just 484,507 units.Tesla regained its position as the world’s top seller of BEVs in the first quarter after selling 386,810 BEVs, 86,696 units more than BYD. Unlike Tesla which sells only battery electric vehicles, BYD also makes plug-in hybrids.Quarterly BEV Sales: Tesla Vs. BYDIn Q2 and Q3 this year, Tesla kept its lead ahead of BYD in global BEV deliveries despite hardships.In October and November, BYD cumulatively sold 387,679 battery-electric vehicles. The company now needs to sell around 112,400 BEVs in December to cross 500,000 BEV sales in a quarter yet again.As for Tesla, it is unclear how many vehicles the company has sold thus far this quarter given it only releases sales data at the end of every three months.For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December. Tesla has not delivered over 500,000 vehicles in a quarter to date, making this an ambitious target.Furthermore, according to data from the European Automobile Manufacturers' Association (ACEA), the company is faced with demand challenges in the European Union which might weigh heavily upon the company’s annual delivery target.Financials:For the third quarter between July and September, BYD's operating revenue rose 24% to 201.12 billion yuan ($27.55 billion), the company said in a filing.Tesla, meanwhile, reported a total revenue of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped Elon Musk’s EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.Despite reporting higher revenue than Tesla in the third quarter, BYD’s net profit continued to trail behind Tesla’s net income of $2.167 billion. The company reported a diluted earnings per share of 4 yuan (55 cents) for the quarter, lower than Tesla’s adjusted earnings per share of 72 cents.","news_type":1,"symbols_score_info":{"BYDDY":1.1,"TSLA":1.1}},"isVote":1,"tweetType":1,"viewCount":2357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385728753812000,"gmtCreate":1735212706966,"gmtModify":1735217400692,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":"Nice job beby","listText":"Nice job beby","text":"Nice job beby","images":[{"img":"https://community-static.tradeup.com/news/77c3abff5babab8380e7d942a1eaf08b","width":"860","height":"29541"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385728753812000","isVote":1,"tweetType":1,"viewCount":2457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":385847117586640,"gmtCreate":1735212018949,"gmtModify":1735212023344,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":".&nbsp;","listText":".&nbsp;","text":".","images":[{"img":"https://community-static.tradeup.com/news/cfc2343b2eba2511bcc7763f844dc32a","width":"860","height":"23965"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385847117586640","isVote":1,"tweetType":1,"viewCount":2481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":385846156177672,"gmtCreate":1735211786366,"gmtModify":1735211791198,"author":{"id":"4198202521825712","authorId":"4198202521825712","name":"abbycovoz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198202521825712","authorIdStr":"4198202521825712"},"themes":[],"htmlText":"New","listText":"New","text":"New","images":[{"img":"https://community-static.tradeup.com/news/2b459d65c6d46f1f284c223e4503179d","width":"860","height":"22837"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385846156177672","isVote":1,"tweetType":1,"viewCount":2672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}