Gerber Compares Daimler Mistake To Blockbuster "This is true. When we first bought Tesla in 2013 we thought Mercedes would just buy them out," Gerber wrote on X. "This Mercedes mistake is as bad as the blockbuster Netflix error." His post quoted a Tesla Tracker account saying Daimler's 2009 Tesla stake would now be worth $130 billion, or roughly a 2,600-fold return. Daimler Sold Tesla Stake Years ...
Gerber Compares Daimler Mistake To Blockbuster "This is true. When we first bought Tesla in 2013 we thought Mercedes would just buy them out," Gerber wrote on X. "This Mercedes mistake is as bad as the blockbuster Netflix error." His post quoted a Tesla Tracker account saying Daimler's 2009 Tesla stake would now be worth $130 billion, or roughly a 2,600-fold return. Daimler Sold Tesla Stake Years Too Early Reuters reported that Daimler sold its remaining 4% stake in Tesla in 2014, booking a $780 million windfall. The sale gave Daimler a large profit but left behind an even larger opportunity cost as Tesla later became one of the world's most valuable automakers. Legacy Automakers Missed Early EV Upside Tesla's current market value is about $1.5 trillion, according to Benzinga Pro, meaning a 9% to 10% holding would be worth roughly $136 billion to $150 billion before accounting for dilution, structure or any earlier partial sales. Gerber, notably, has made the comparison before. A May 2023 report reveals that he called Daimler's decision "Worse than Blockbuster not buying Netflix early." Benzinga Edge Rankings show that Tesla stock scores well on the Growth and Quality metrics. It also offers a favorable price trend in the Short and Long Term. Photo: Jonathan Weiss / Shutterstock.com
The drop in inflation occurred despite the rise in fuel prices due to the Iran war. The average price of petrol was 156.8p per litre last month, according to the ONS, the highest since November 2022. Diesel prices rose by more than 30p in April to take the average price to 190p per litre, the highest average since July 2022.
The drop in inflation occurred despite the rise in fuel prices due to the Iran war. The average price of petrol was 156.8p per litre last month, according to the ONS, the highest since November 2022. Diesel prices rose by more than 30p in April to take the average price to 190p per litre, the highest average since July 2022.
Jacob Wackerhausen/iStock via Getty Images Clover Health Investments, Corp. ( CLOV ) has really changed a lot in the last six months. Lately people are looking at it as a possible turnaround story that actually makes sense. Back on March, I had it rated Strong Buy because I thought people were too negative about whether Clover’s main insurance business could work, especially with all the problems ...
Jacob Wackerhausen/iStock via Getty Images Clover Health Investments, Corp. ( CLOV ) has really changed a lot in the last six months. Lately people are looking at it as a possible turnaround story that actually makes sense. Back on March, I had it rated Strong Buy because I thought people were too negative about whether Clover’s main insurance business could work, especially with all the problems going on in Medicare Advantage in general. Since then, the stock jumped 82%. Clover then reported positive GAAP net income in Q1 2026 and the stock subsequently rose. The size and staying power of the move shows people are rethinking what Clover’s worth, especially after the first quarter results came out and management stuck to their full-year forecast . Clover’s story right now really comes down to three main things. First is actually making a profit: in Q1 2026, Clover reported its first-ever positive GAAP net income, $27 million. Adjusted EBITDA came in at $40 million and gross profit hit $160 million on $749 million in revenue. Compared to a year ago, revenue was up 62% and gross profit up 47%. Adjusted SG&A as a percentage of total revenues improved by about 210 basis points year over year, which means the company is getting more efficient as it grows. Management is still saying they expect full-year 2026 revenues between $2.81 and $2.92 billion, gross profit between $470 and $510 million, adjusted EBITDA of $50-70 million and net income anywhere from break-even to $20 million. These aren’t just numbers that look good on paper, Clover finally seems like it’s heading toward steady profits that actually fit the business model. CLOV Membership And Cohorts Medicare Advantage membership jumped 51% from last year, hitting 155,773 at the end of the quarter. The company thinks that number will average somewhere between 154,000 and 158,000 in 2026. That’s a pretty clear signal people think Clover’s plans are worth it, even though the broader Medicare Advantage market is dealin...
From 35m ago 08.56 BST IRGC warns renewed war could extend beyond Middle East Iran’s Islamic Revolutionary Guard Corps (IRGC) has threatened to extend a renewed war beyond the Middle East if the US resumes attacks against Tehran. The warning came after Donald Trump threatened to strike Iran again if it did not accept a deal to end the conflict. In a statement carried by the semi-official Tasnim ne...
From 35m ago 08.56 BST IRGC warns renewed war could extend beyond Middle East Iran’s Islamic Revolutionary Guard Corps (IRGC) has threatened to extend a renewed war beyond the Middle East if the US resumes attacks against Tehran. The warning came after Donald Trump threatened to strike Iran again if it did not accept a deal to end the conflict. In a statement carried by the semi-official Tasnim news agency in Iran, the IRGC said: “Should aggression against Iran be repeated, the regional war that was promised will this time extend beyond the region, and our crushing blows in places you can scarcely imagine will reduce you to ashes.” Share 4m ago 09.26 BST 'Comprehensive ceasefire is of utmost urgency,' says Xi The Chinese president, Xi Jinping, has held talks with Russia’s Vladimir Putin in Beijing today, where the leaders discussed conflict in the Middle East. Russia has sought to cash in on the global energy crisis and soaring gas prices triggered by the Iran war and the effective closure of the strait of Hormuz. Russia’s foreign minister, Sergei Lavrov, said in April after a meeting with Xi that Moscow could “compensate” for China’s energy shortages, but Beijing has publicly called for an end to hostilities. “A comprehensive ceasefire is of utmost urgency, resuming hostilities is even more inadvisable and maintaining negotiations is particularly important,” Xi told Putin during talks today, according to Chinese state media. View image in fullscreen Chinese president Xi Jinping shakes hands with Russian president Vladimir Putin during a welcoming ceremony at the Great Hall of the People in Beijing. Photograph: Alexander Kazakov/Reuters Share Updated at 09.28 BST 35m ago 08.56 BST IRGC warns renewed war could extend beyond Middle East Iran’s Islamic Revolutionary Guard Corps (IRGC) has threatened to extend a renewed war beyond the Middle East if the US resumes attacks against Tehran. The warning came after Donald Trump threatened to strike Iran again if it did not a...
The former health secretary will give resignation speech after prime minister’s questions Good morning. PMQs is back, and there are at least two obvious issues for Kemi Badenoch to raise when she faces Keir Starmer. What Tories calls Starmer’s “Soviet-style” plan to curb supermarket prices This is more nuts than a squirrel convention! I warned Rachel Reeves prices would go up if she raised taxes a...
The former health secretary will give resignation speech after prime minister’s questions Good morning. PMQs is back, and there are at least two obvious issues for Kemi Badenoch to raise when she faces Keir Starmer. What Tories calls Starmer’s “Soviet-style” plan to curb supermarket prices This is more nuts than a squirrel convention! I warned Rachel Reeves prices would go up if she raised taxes and drowned employers in red tape. She didn’t listen and now she’s proposing Soviet style measures! After 18 months of “standing up to Putin” the Labour govt quietly issued a licence allowing imports of Russian oil refined in third countries. Yesterday Labour MPs voted AGAINST UK oil and gas licences. We are talking about our allies in Ukraine who have been fighting a war bravely against Russia for years and years with our support. They have looked to Britain as one of their most important allies, and they don’t understand, given that we promised that we would stop this loophole in October, and we still haven’t done it. In fact, it seems to have got worse. People feel very let down. There was a G7 announcement on the 19 May which said that they, the G7, had an unwavering commitment to put pressure on Russia including sanctions on the energy sector and actions against entities in third countries that materially support Russia’s war effort but we’re still saying that we’re going to take sanctioned oil but so long as it goes to Turkey first and then it’s refined, we will use it. Continue reading...
The UK government has relaxed strict sanctions on Russian crude oil, allowing for the import of jet fuel and diesel refined in third countries amid surging costs. A trade licence that came into effect on Wednesday permits the imports indefinitely and will be reviewed periodically. It comes at a time of growing concerns over the supply of certain fuels due to the de facto blockade of the strait of ...
The UK government has relaxed strict sanctions on Russian crude oil, allowing for the import of jet fuel and diesel refined in third countries amid surging costs. A trade licence that came into effect on Wednesday permits the imports indefinitely and will be reviewed periodically. It comes at a time of growing concerns over the supply of certain fuels due to the de facto blockade of the strait of Hormuz since the start of the US-Israeli war with Iran. For years the UK has led international efforts to put economic pressure on Russia over its war on Ukraine. On Tuesday it signed a G7 statement reaffirming its “unwavering commitment” to imposing “severe costs” on Russia. It had previously announced it would block Russian oil refined in other countries to “further restrict the flow of funds to the Kremlin”. This week the US treasury secretary, Scott Bessent, extended a 30-day sanctions waiver allowing the purchase of Russian oil shipments already at sea, saying in a post on X that the extension would “provide additional flexibility, and we will work with these nations to provide specific licences as needed”. New figures show petrol prices have eclipsed the high set during the Iran oil crisis. Relaxing sanctions will allow imports of jet fuel from India, which was previously a key supplier to the UK and Europe. Russian crude is also refined in big quantities in Turkey. Emily Thornberry, the chair of the foreign affairs committee, said it was the wrong time to relax sanctions. She told BBC Radio 4’s Today programme: “I’ve heard from people in Ukraine overnight and I know that they are very disappointed and have been asking me why it is that Britain is doing this. “We’re talking about our allies in Ukraine who have been fighting a war bravely against Russia for years and years with our support and they have looked to Britain as one of their most important allies and they don’t understand, given that we promised that we would stop this loophole in October and we still haven...
While China’s oil and gas imports from Gulf nations plunged in April amid the Strait of Hormuz crisis during the US-Israeli war on Iran , shipments from Russia have provided Beijing with a partial buffer for its growing economy. Russia’s crude shipments to China rose 11.3 per cent year on year to nearly 9 million tonnes in April, according to Chinese customs data released on Wednesday. Advertiseme...
While China’s oil and gas imports from Gulf nations plunged in April amid the Strait of Hormuz crisis during the US-Israeli war on Iran , shipments from Russia have provided Beijing with a partial buffer for its growing economy. Russia’s crude shipments to China rose 11.3 per cent year on year to nearly 9 million tonnes in April, according to Chinese customs data released on Wednesday. Advertisement But market conditions have also shifted. Much of the discount on Russian oil and gas – long a source of cheap energy for Beijing – has shrunk following the prolonged closure of the Strait of Hormuz Month on month, the value of China’s crude imports from Russia rose 16.2 per cent in April in US dollar terms, despite a 10.8 per cent fall in quantity. Global demand for Russian barrels has surged after the United States introduced temporary sanctions waivers for oil already loaded onto tankers in a bid to stabilise global energy markets. On Monday, Washington announced another 30-day extension of the waiver. The additional demand has intensified competition for available Russian supply, with more buyers now chasing the same barrels. Advertisement “Russia’s oil is trading at prices similar to Brent, even with the discount,” said Chim Lee, senior analyst at the Economist Intelligence Unit.
Two years after severe turbulence left one passenger dead and dozens injured on a Singapore Airlines (SIA) flight, investigators have released their final report, addressing major questions about what caused the disaster. Flight SQ321, travelling from London to Singapore , was diverted to Bangkok so passengers and crew could receive medical treatment. In the immediate aftermath, multiple analysts ...
Two years after severe turbulence left one passenger dead and dozens injured on a Singapore Airlines (SIA) flight, investigators have released their final report, addressing major questions about what caused the disaster. Flight SQ321, travelling from London to Singapore , was diverted to Bangkok so passengers and crew could receive medical treatment. In the immediate aftermath, multiple analysts attributed the incident to clear-air turbulence – invisible pockets of air that can occur at high altitudes in clear skies, without warning and with no time for crew to alert passengers. Advertisement The Transport Safety Investigation Bureau (TSIB) report concluded otherwise. The turbulence was convectively induced, meaning it was associated with convective clouds and thunderstorms – generated by air movement into the storm, strong updrafts, downdrafts and outflow winds. This type of turbulence can exist outside cloud and can be encountered several thousand feet above it, and up to 32km (20 miles) laterally. TSIB noted it is common year-round in the tropics when thunderstorms develop. Advertisement Investigations found groups of clouds near the point where severe turbulence struck. One cloud’s top grew rapidly from about 27,500 feet at 7.40am UTC to about 40,000 feet within 10 minutes.