格隆汇2月11日｜乌克兰总统泽连斯基2月10日签署总统令，对《乌克兰公民在乌克兰武装部队服役规定》作出修改。根据总统令内容，在战时状态期间，允许60岁以上人员在通过军医委员会体检并获得部队指挥官书面同意的情况下，以合同方式服役，合同期限为一年并可延长一年。修订条款同时明确，如战时状态终止或取消，上述合同将提前终止，相关军人依照法律规定退役。

(RTTNews) - The Treasury Department kicked off this week's series of announcement of the results of its long-term securities auctions on Monday, revealing this month's auction of $43 billion worth of three-year notes attracted average demand. The three-year note auction drew a high yield of 3.093 percent and a bid-to-cover ratio of 2.43. Last month, the Treasury sold $44 billion worth of three-year notes, drawing a high yield of 2.927 percent and a bid-to-cover ratio of 2.45. The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold. The ten previous three-year note auctions had an average bid-to-cover ratio of 2.44. The Treasury is due to announce the results of this month's auctions of $33 billion worth of ten-year notes and $19 billion worth of thirty-year bonds on Tuesday and Wednesday, respectively. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Key Points Five years ago, Bumble shares went public at an IPO price of $43 per share. Shares rocketed 76% higher that day. The company's paying users have tripled since then, but you wouldn't know it from the share price. 10 stocks we like better than Bumble › Shares of Bumble (NASDAQ: BMBL) went public on Feb. 11, 2021. Shares of the Austin-based online dating company roared 76% higher on the day of its initial public offering (IPO), giving it a valuation of $14 billion. At the time of its IPO, the company's prospectus noted 40 million monthly users on its free-to-use Bumble and Badoo dating apps. Its "freemium" business model was a bet that by allowing users to send likes and messages to other profiles for free, the company would eventually grow its ranks of paying users by building brand trust and offering premium features to subscribers. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » From Jan. 29, 2020, to Sept. 30, 2020, Bumble brought in $376.6 million in revenue, with $231.5 million coming from its Bumble app and $145.1 from Badoo. In that nine-month stretch, it reported a net loss of $84.1 million. Despite the net loss, there were encouraging signs. The company's Badoo app, launched in 2008, was profitable just two years later. The Bumble app, launched in 2014, began monetizing in 2016. And Bumble's paying users had grown to 1.1 million in the nine months ending Sept. 30, 2020, compared to 844 million the year prior. So, what would $1,000 invested then be worth today? In the five years since, shares of Bumble have tumbled 92.5% from its IPO price. After its IPO surge, shares lost momentum and slid downward over the next five years, closing at $3.24 per share last week. Anyone investing $1,000 at the IPO price would have owned 25.5 shares worth just $75 today. While paying users across it...

The G-10 FX narrative has mainly been dollar- and structurally driven year-to-date, while euro headlines have been sidelined. This could change into 2H as European fiscal stimulus starts to lift the region’s economic narrative and validates the ECB-driven relative yield advantage into 2H. In this episode of FX Moment, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Constantin Bolz, Head of G-10 FX for UBS’s Chief Investment Office, focus on the euro side of the bullish euro-

Wirestock/iStock Editorial via Getty Images Ferrari ( RACE ) investors are still shaken up from a disappointing investor day in late 2025, which essentially ended the dream that was Ferrari's double-digit growth expectations. In the months that followed, investors hoping to go back to the good old days received exactly the opposite, as the stock continued its plummet. As investors lost confidence even in the mid-single-digit growth prospects guided by management, the fourth-quarter print is at least proof that things aren't that bad. However, the path to becoming an attractive investment is still long. I maintain my previous “Hold” rating. Ferrari's Fourth Quarter Results: The Good, The Bad, And The Ugly Coming into the quarter, expectations were extremely low in light of tough comps and low confidence following the investor day. Ferrari exceeded those low expectations, with small beats on both the top and bottom lines. That pretty much sums up the “Good” in the results. Ferrari Q4'25 Earnings Release The “Bad” is that Ferrari's revenue growth slowed once again, rising only 4% Y/Y, compared to 7% in Q3. Digging a little deeper, we note that most of the growth wasn't driven by the Cars & Spare Parts segment, which grew as low as 1%. It was the Sponsorship & Lifestyle segment, with 17% growth, and the Other segment, with 29% growth, that fueled the beat. Previously, my bullish thesis on Ferrari projected that these non-car revenues were going to pull the company's growth rate upwards. However, this was predicated on stable growth in the core car segment, which, evidently, isn't happening. Ferrari Q4'25 Earnings Release The “Ugly” is the shipments figure. Or, more specifically, Ferrari's inability to compensate for lower shipments with higher ASPs. It's worth repeating here that Ferrari's growth strategy isn't about volumes; it's about smoothly replacing older model lines with newer, pricier ones. This is a very difficult strategy to execute perfectly because developme...

Mark Carney said he had held a “positive” conversation with Donald Trump after the US leader threatened to block a key bridge between their two countries, reminding the president that Canada paid for the structure – and that the US shares ownership. Late on Monday, Trump posted a lengthy message on social media, falsely claiming that the $4.6bn Gordie Howe International Bridge between Windsor, Ontario, and Detroit, Michigan, had “virtually no US content”. In his post, Trump had also claimed that Canada owns both ends of the bridge and made a bizarre assertion that increased trade between Canada and China would include a ban on Canadians playing ice hockey. “Now, the Canadian Government expects me, as President of the United States, to PERMIT them to just ‘take advantage of America!’ What does the United States of America get – Absolutely NOTHING!” he wrote. Speaking to reporters on Tuesday ahead of a flashpoint ice hockey game between the two countries at the Olympics, Carney downplayed Trump’s comments, telling reporters in French the “situation will be resolved”. “I explained that Canada paid for the construction of the bridge … that the ownership is shared between the state of Michigan and the government of Canada, and that in the construction of the bridge, obviously there’s Canadian steel and Canadian workers, but also US steel, US workers that were involved,” he said. “This is a great example of cooperation between our countries.” Trump blamed his predecessor Barack Obama for “stupidly” approving the bridge project. But the former Conservative MP Jeff Watson pointed out “construction began in earnest in your first term as President … Back then you called for expeditious construction” of the bridge. “It’s just insane, when I read that post I can’t believe what I’m reading, but it’s par for the course,” the Windsor mayor, Drew Dilkens, told CBC News. Since winning a second term, Trump has focused much of his attention and outrage on Canada, replaying many of his...

In Beirut, Lebanon's cats of war find peace on university campus toggle caption Tamara Saade for NPR BEIRUT — There are several things that make the American University of Beirut unique. Among them are its 160-year-old liberal arts education in the center of the Middle East. There is its seaside location in a cosmopolitan capital. But hands down, the college's most unusual feature is its campus cats — as many as 1,600 of them. The cat rescue started during the Lebanese civil war in the 1980s when animals sought shelter from street fighting in the 1980s on its campus in the downtown Hamra area. It has evolved into a continuing program to care for cats abandoned during more recent wars. toggle caption Tamara Saade for NPR "There were serious, severe street battles around here, around the university and in Hamra and everywhere. So the cats flocked to AUB en masse because this seemed like protection for them. And they stayed," says AUB staff member Henry Matthews of the civil war era. Sponsor Message Beirut has seen more than its share of war — the latest was a year of fighting between the Lebanese militant group Hezbollah and Israel that began in late 2023. Israel is still launching attacks. In between people fleeing their homes and a severe financial crisis, many abandoned their pets. "Many people dumped their cats because they don't have any home for them," says veterinarian Rana Bou Khalil, who runs two clinics teeming with cats. Bou Khalil, who says AUB is a magnet for pet owners who believe their cats will be taken care of if they leave them near the campus, says she has spayed or neutered 1,000 cats in the past two years. From a feline population of 800 a little over a year ago, Bou Khalil says she estimates there are now between 1,200 and 1,600. The exact number, of course, is difficult to determine. toggle caption Tamara Saade for NPR toggle caption Tamara Saade for NPR toggle caption Tamara Saade for NPR Each one that can be brought to the clinic is sterilized...

Yes, he betrayed the national interest in his dealings with Jeffrey Epstein – but also in his sanctioned role as enabler of corporate power History is being rewritten. The story we are told is that an evil man called Peter Mandelson, pursuing his own interests, went rogue to collaborate with a serial abuser of girls and women, undermining the good work of people seeking to defend the public interest. All this is true. But – and I fear many will find this hard to accept – it is only half the story. The much harder truth is that Mandelson’s disgraceful dealings with Jeffrey Epstein were less a betrayal of his brief than an unauthorised extension of it. In 2009 – just as, we now know, Mandelson was passing sensitive information to Epstein – I argued that the government department he ran , called Business, Enterprise and Regulatory Reform (Berr), “functions as a fifth column within government, working for corporations to undermine democracy and the public interest”. George Monbiot is a Guardian columnist Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...

格隆汇2月11日｜美联储洛根周二表示，她对美联储当前的政策利率水平能否在保持就业市场稳定的同时推动通胀回落至2%目标持“谨慎乐观”态度，未来几个月的经济数据将检验这一判断是否成立。洛根表示：“如果情况如此，这将表明我们当前的政策立场是合适的，不需要进一步降息就能实现双重使命目标。”但她补充称，如果通胀回落的同时劳动力市场明显降温，“再次降息可能就会变得合适。不过眼下，我更担心的是通胀依然顽固地处于高位。”她表示，在去年三次降息之后，劳动力市场面临的下行风险“似乎已经明显缓解”，但与此同时，这也在通胀方面带来了额外风险。她指出，随着短期借贷成本已处于被广泛估计为“中性”的政策区间，当前利率水平对已强劲反弹的经济以及过去近五年持续高于美联储目标的通胀，约束作用有限。洛根预计今年通胀将取得进展，已有一些初步改善迹象。

美国商务部长卢特尼克认为，世界上其他国家为了削弱该国出口竞争力而人为地推高了美元。“美元多年来一直被操纵走高，目的就是阻止美国经济向世界其他地区出口，对吧？” 卢特尼克周二在参议院一个委员会回答问题时说。“思路是这样的：让全世界其他人买我们的产品更贵，但我们买他们的更便宜，” 他这样形容特朗普上任前的状况。他还说：“世界其他国家都在向我们兜售商品，用我们的美元从我们下面买空我们的国家”，他以此描述外国用从贸易中挣到的美元来再投资美国的金融资产。“现在，世界其他国家拥有的我们比我们拥有的他们多出了26万亿美元。所以，美元目前的汇率更合理，” 卢特尼克说，“我们的出口增加了，这就是我们GDP增长如此迅猛的原因”。(新浪财经)

Dennis Diatel Photography/iStock Editorial via Getty Images Over the past week, the market has experienced a typical pullback in risk assets, with BTC ( BTC-USD ) and ETH ( ETH-USD ) nearing a 15% drop in extreme single-day conditions. This was accompanied by amplified intraday volatility and rapid shifts in sentiment indicators. However, what warrants attention is not merely "how much" prices have fallen, but "how they have fallen." Structurally, this resembles a "systematic sell-off" triggered by institutional risk controls and magnified by derivatives hedging chains, rather than a typical crash induced by liquidity squeeze. The distinction is crucial: the former often maintains a relatively healthy appearance in terms of trading volumes and spreads, yet leaves behind more challenging-to-repair legacies in the funding structure—long-term capital exits, increasing short-term capital ratios, and a market that appears tradable while the "quality" of liquidity deteriorates. The Dangers of a "Clean Drop" In traditional markets, when volatility rises, correlations increase, and tail-risk pricing becomes expensive, institutional risk systems exhibit highly consistent behaviour: reducing exposure, tightening leverage, and increasing the proportion of cash and high-liquidity assets. The persistent volatility in precious metals (especially gold and silver) has caused risk budgets across frameworks such as "risk parity," "volatility targeting," "CTA trend/reversal," and "multi-asset VaR constraints" to tighten simultaneously. Gold’s realised volatility has come close to levels seen during the 2008 and 2020 financial crises in recent weeks, triggering widespread selling of high-beta assets. Source: FRED Although crypto assets differ fundamentally from precious metals, they are often grouped in the same "high-volatility risk asset basket" within risk management systems: rising volatility implies higher costs of unit risk exposure, leading to passive or active reductions in exp...

Seiya Tabuchi/iStock via Getty Images Simply investing in a low-cost S&P 500 ( SPY ) or NASDAQ 100 ( QQQ ) ETF is fine for the know-nothing investor who wants to pursue the simple path to compounding wealth over the long term. However, for retirees who wish to live on greater than a 3% or 4% rule in retirement, and especially those who want to mitigate sequence-of-returns risk, these vehicles are suboptimal due to their extremely low dividend yields. Thus, income investors are increasingly turning to alternative strategies. One of the most popular that has emerged in recent years is investing in covered call ETFs, which hold underlying S&P 500 or NASDAQ-style index structures and then overlay a covered call strategy on top of them with the intent of generating attractive current income while also delivering returns that are at least somewhat close in nature to those delivered by the underlying indexes. However, the implications of this sort of investment are important to keep in mind before making it a substantial part of your portfolio. So, in this article, I am going to detail when covered calls should be included in a portfolio and when they should be avoided. How Covered Call Strategies Really Work Most covered call ETFs, like JPMorgan Equity Premium Income ETF ( JEPI ), JPMorgan NASDAQ Equity Premium Income ETF ( JEPQ ), as well as the Neos ( SPYI )( QQQI ) and Goldman Sachs ( GPIX )( GPIQ ) versions of these funds, own an index, which is either the S&P 500 or something similar to it, or the NASDAQ or something similar to it, and then they sell covered calls against them, collecting option premiums and distributing that as income to shareholders each month, with the tradeoff being income today for capped upside. Meanwhile, the downside remains unlimited, just as if you were holding the underlying equity. This skews the total return profile of the NAV to the downside in exchange for creating a high-yield fund out of a portfolio of stocks that normally would not ...

Earnings Call Insights: Zimmer Biomet Holdings, Inc. (ZBH) Q4 2025 Management View Ivan Tornos, President, CEO & Chairman of the Board, began by expressing gratitude to employees and highlighted that Zimmer Biomet is “a totally different company than it was just a few short years ago.” Tornos reported the company delivered on sales growth, EPS, and free cash flow commitments despite facing tariff headwinds and integrating three acquisitions in 2025. "From a constant currency organic revenue standpoint, we ended 2025 right at the middle of our initial yearly guidance, marking the fifth consecutive year for Zimmer Biomet growing mid-single digit or above." He noted U.S. business sales increased 5.7% and international grew 5% in Q4, with U.S. Knee growth at 6% and U.S. Hip growth at nearly 8%, driven by product momentum and new leadership. Tornos emphasized a strategic shift: “We’re accelerating the transition to a dedicated and specialized U.S. sales channel in order to drive more durable and consistent growth,” expecting the vast majority of this transition to be complete by the end of 2027. He introduced 2026 guidance of low single-digit organic constant currency revenue growth (1%–3%) and adjusted EPS of $8.30 to $8.45, including Paragon 28’s contribution beginning April 21. Suketu Upadhyay, CFO & Executive VP of Finance, Operations & Supply Chain, stated, “In the fourth quarter, we grew sales 5.4% on an organic constant currency basis and delivered adjusted earnings per share of $2.42, which was up 4.8% year-over-year despite dilution from the Paragon 28 transaction, the impact of tariffs and continued investments in our commercial organization.” Outlook Management expects full year 2026 organic constant currency revenue growth of 1% to 3% and adjusted EPS of $8.30 to $8.45, with free cash flow growth of 8% to 10%. Upadhyay explained, “This guidance contemplates end market growth in line with 2025, the risk of disruption from the U.S. sales force transition, conti...

格隆汇2月11日｜美联储洛根：应为美联储的常设回购工具提供中央清算机制。

格隆汇2月11日｜美联储洛根周二表示，她对美联储当前的政策利率水平能否在保持就业市场稳定的同时推动通胀回落至2%目标持“谨慎乐观”态度，未来几个月的经济数据将检验这一判断是否成立。洛根表示：“如果情况如此，这将表明我们当前的政策立场是合适的，不需要进一步降息就能实现双重使命目标。”但她补充称，如果通胀回落的同时劳动力市场明显降温，“再次降息可能就会变得合适。不过眼下，我更担心的是通胀依然顽固地处于高位。”她表示，在去年三次降息之后，劳动力市场面临的下行风险“似乎已经明显缓解”，但与此同时，这也在通胀方面带来了额外风险。她指出，随着短期借贷成本已处于被广泛估计为“中性”的政策区间，当前利率水平对已强劲反弹的经济以及过去近五年持续高于美联储目标的通胀，约束作用有限。洛根预计今年通胀将取得进展，已有一些初步改善迹象。

The dollar index (DXY00) slid to a 1-week low today and is down -0.05%. The dollar is under pressure today after T-note yields fell on the weaker-than-expected US economic reports on the Q4 employment cost index and Dec retail sales. The weaker reports bolstered expectations that the Fed will resume easing monetary policy this year, a bearish factor for the dollar. Strength in the Chinese yuan also undercut the dollar after the yuan rose to a 2.5-year high against the dollar today. The US Q4 employment cost index rose +0.7% q/q, weaker than expectations of +0.8% q/q and the smallest increase in 4.5 years. Join 200K+ Subscribers: US Dec retail sales were unchanged m/m, weaker than expectations of +0.4% m/m. Dec retail sales ex-autos were also unchanged m/m, weaker than expectations of +0.4% m/m. The dollar sank to a 4-year low late last month when President Trump said he's comfortable with the recent weakness in the dollar. Also, the dollar remains under pressure as foreign investors pull capital from the US amid a growing budget deficit, fiscal profligacy, and widening political polarization. Swaps markets are discounting the odds at 22% for a -25 bp rate cut at the next policy meeting on March 17-18. The dollar continues to see underlying weakness as the FOMC is expected to cut interest rates by about -50 bp in 2026, while the BOJ is expected to raise rates by another +25 bp in 2026, and the ECB is expected to leave rates unchanged in 2026. EUR/USD (^EURUSD) today is down by -0.09%. The euro is slightly lower today after a dovish ECB blog post said that lower interest rates can reduce the drag on inflation and economic growth caused by higher US tariffs. Losses in the euro are contained after ECB Vice President Luis de Guindos said that current interest rates in the Eurozone are appropriate. ECB Vice President Luis de Guindos said, "We believe that risks are balanced and the current level of interest rates is appropriate in the Eurozone." Swaps are discounting a 2%...

Oklo had a 500% bull run in 2025 but has since retreated. Is it worth a look in 2026? Oklo (OKLO 6.06%) is an intriguing stock. It sits at the crossroads of several big trends in nuclear power and tech, namely small modular reactors (SMRs) and their potential to solve the power problems created by artificial intelligence (AI). It's also working on liquid-metal reactors, which use molten lead or sodium as a coolant. Note, Oklo's specifically are sodium-based. That sounds counterintuitive but in some ways it's actually safer than water because they can handle higher temperatures at lower pressure than conventional water-cooled reactors. Though, they aren't with their problems. Liquid sodium is much more corrosive than water, for instance. Finally, the company is working on an up to $1.68 billion nuclear fuel plant in Oak Ridge Tennessee. It has also partnered with the Air Force to put one of its Aurora small liquid-cooled reactors at the Eielson Air Force Base in Alaska. Despite all of that though, Oklo is not a buy for 2026, and given that it has tumbled considerably from its peak of $174 late last year, it might be a sell. Let's get into it. Expand NYSE : OKLO Oklo Today's Change ( -6.06 %) $ -4.55 Current Price $ 70.50 Key Data Points Market Cap $12B Day's Range $ 70.17 - $ 76.31 52wk Range $ 17.42 - $ 193.84 Volume 169K Avg Vol 13M Potential energy, flawed reaction The problem with Oklo isn't its technology, it's the company's financials -- or rather the total lack thereof. Right now, Oklo generates no revenue whatsoever and is entirely dependent upon investor dollars and lines of credit. A lack of profitability can easily be forgiven if a company is growing its revenue regularly and getting closer to profitability, but Oklo doesn't have any money coming in from its own business. In the company's latest quarter, the third quarter of 2025, the company had a net loss of $29.7 million, and it expanded its total debt position to $1.9 million. Now, Oklo did grow its ca...

Windows 8 is remembered most for its oddball touchscreen-focused full-screen Start menu , but it also introduced a number of under-the-hood enhancements to Windows. One of those was UEFI Secure Boot, a mechanism for verifying PC bootloaders to ensure that unverified software can't be loaded at startup. Secure Boot was enabled but technically optional for Windows 8 and Windows 10, but it became a formal system requirement for installing Windows starting with Windows 11 in 2021 . Secure Boot has relied on the same security certificates to verify bootloaders since 2011, during the development cycle for Windows 8. But those original certificates are set to expire in June and October of this year, something Microsoft is highlighting in a post today. This certificate expiration date isn't news—Microsoft and most major PC makers have been talking about it for months or years, and behind-the-scenes work to get the Windows ecosystem ready has been happening for some time. And renewing security certificates is a routine occurrence that most users only notice when something goes wrong . Read full article Comments

(RTTNews) - European stocks turned in a mixed performance on Tuesday, with investors largely reacting to earnings updates and other corporate news, while awaiting the crucial U.S. jobs data later in the week for clues about the Federal Reserve's monetary policy moves in the coming months. The pan European Stoxx 600 edged down 0.07%. The U.K.'s FTSE 100 slid 0.31%, Germany's DAX closed down by 0.11% and France's CAC 40 crept up 0.07%. Switzerland's SMI closed little changed. Among other markets in Europe, Belgium, Denmark, Finland, Greece, Netherlands and Norway ended higher. Austria, Czech Republic, Ireland, Poland, Portugal, Russia, Spain and Türkiye closed weak, while Iceland and Sweden ended flat. In the UK market, Croda International soared 9.4%, topping the FTSE 100 gainers list. Coca-Cola HBC surged 4.7%, while Berkeley Group Holdings, Barratt Redrow, Mondi, Burberry Group, Spirax Group, Intercontinental Hotels Group and Diageo moved up 3%-5%. AstraZeneca climbed notably higher after the company projected continued revenue and earnings growth in 2026, boosted by sales of its cancer drugs. United Utilities, Persimmon, Severn Trent, Associated British Foods, Haleon, DCC, Pershing Square Holdings and Entain also posted strong gains. BP tumbled more than 6%. The British oil and gas major halted share buybacks after reporting wider replacement cost or RC loss in its fourth quarter. Standard Chartered slid 5.74%. Babcock International, Antofagasta, St. James's Place, Hiscox, Aviva, IAG, Barclays, Rolls-Royce Holdings, Natwest Group, Lloyds Banking Group, LSEG and Fresnillo lost 2%-4.5%. In the German market, Symrise climbed more than 7% after Goldman Sachs raised the stock's rating to 'buy' from 'neutral.' Zalando, Brenntag, BASF and Volkswagen gained 3.3%-5.3%. Merck, Infineon, Beiersdorf, Porsche Automobil Holding, SAP, Henkel, Adidas and Fresenius Medical Care moved up 1.5%-2.3%. Siemens Energy fell 4.6%, and Allianz closed nearly 3% down. Heidelberg Materials, R...

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(RTTNews) - Treasury Wine Estates Limited (TWE.AX) said its U.S. subsidiary has reached a settlement with Republic National Distributing Company (RNDC) related to the distributor's closure of operations in California in September 2025. Under the agreement, Treasury Wine will repurchase Treasury Americas and Treasury Collective portfolio inventory held by RNDC in California at the original sale value, adjusted for a confidential settlement amount compensating the company for the impact of RNDC's exit from the state. After factoring in the planned resale of the inventory to other customers starting this half, Treasury Wine expects a net cash outflow of about $65 million in the second half of fiscal 2026 tied to the settlement. The company said it will continue working with RNDC across several other U.S. markets and supports the distributor's initiatives to strengthen its business model and capital structure, including planned market divestments to Reyes Beverage Group and new financing arrangements. Treasury Americas depletions in states serviced by RNDC rose 2.7% in the first half of fiscal 2026. Treasury Wine added that the settlement does not change its previously announced plan to reduce distributor inventory levels outside California over about two years. The company expects first-half fiscal 2026 EBITS of around $236 million, above its prior guidance range of $225 million to $235 million. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Justin Sullivan/Getty Images News The head of Tesla’s ( TSLA ) North American sales and a 13-year veteran of the company announced his decision to step down less than a year after a major promotion. In a LinkedIn post, Raj Jegannathan said he leaves the company “with a full heart and excitement for what lies ahead” and thanked the EV carmaker for “this wonderful opportunity.” Jegannathan did not state whether he was leaving for a position with another company. His departure comes seven months after his predecessor, Troy Jones, the top North American sales executive, resigned. Over the past 12 months, five members of Tesla’s ( TSLA ) senior management have left, including Omead Afshar, a top aide to CEO Elon Musk. These departures coincide with the company’s pivot from a hardware-centric entity to an AI-centered company, building humanoid robots and autonomous vehicles, all of which will be fueled by heavy investments to achieve Musk’s vision of “Amazing Abundance.” As part of this strategy, Tesla ( TSLA ) plans to sunset the Model S and Model Y and repurpose its Fremont factory for Optimus production. Alongside the departures of senior sales and manufacturing leaders, including Jones, Afshar, and most recently Jegannathan, these moves underscore Tesla’s broader pivot and deliberate “talent reallocation” toward executives with deep expertise in robotics and artificial intelligence. The exit of another high-level executive failed to put a dent in Tesla’s ( TSLA ) upward trajectory, with the stock higher for the third straight day. More on Tesla Musk's Tesla Pivot From Cars Can Pay Off For Investors Focused On AI And Robotics Tesla's Robotics Revolution Won't Save It Tesla: From EV Maker To AI Empire Rising capex for the Mag 7 may be a catalyst for them to underperform the market – analyst SA analyst upgrades/downgrades: TSLA, MRK, CRWD, STLA

Tesla sales exec departs as company shifts gears to robots (TSLA:NASDAQ) Seeking Alpha