Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: U.S. stocks were lower Thursday as Wall Street extends Tuesday’s sharp selloff, which was triggered by concern over Iran’s missile attacks on Israel. All three stock benchmarks closed only slightly higher Wednesday. U.S. oil prices have been soaring — up another 4%-plus to more than $73 per barrel — as the world awaits a response from Israel, which has vowed to retaliate. There are fears that Israel could target Iran’s oil infrastructure and cause major supply disruptions. The Mideast uncertainty was putting a lid on the Dow , the S & P 500 , and the Nasdaq ahead of Friday’s pivotal jobs reports. Club movers : Constellation Brands was our worst-performing stock Thursday, losing more than 4% after the Modelo and Corona brewer’s earnings contained no real surprises . After Constellation made big changes to its guidance a month ago, the stock had been outperforming the market. Nvidia was our best-performer on the session, gaining more than 3% on positive comments from CEO Jensen Huang to CNBC late Wednesday about “insane” demand for the company’s upcoming artificial intelligence Blackwell chip platform. Huang also said Blackwell was in “full production,” reassuring investors following some recent snags. Multiyear high : Dow and Club stock Home Depot reached its highest level since late 2021 before reversing slightly lower with the rest of the market Thursday. The home-improvement retailer got a positive mention Wednesday from research firm Gordon Haskett, which upgraded the stock to a buy and raised its price target to $450 per share. On Thursday, Home Depot’s retail advertising unit, Orange Apron Media, announced a new self-service platform, allowing onsite and offsite campaigns. Retailers, including fellow Club name Amazon , are increasingly getting into the lucrative digital ad business. Power possibilities : Alphabet CEO Sundar Pichai is looking at possibly using nuclear energy to power its data centers. In a Nikkei interview , Pichai said that such considerations are part of the company’s net-zero 2030 emissions goal. The CEO’s comments came shortly after Microsoft agreed to buy nuclear power from Constellation Energy , which plans to restart Three Mile Island as part of the deal. Pichai also mentioned solar. On Thursday, Alphabet announced a 12-year agreement to buy renewable energy from a solar project under development. The rise of generative AI computing has forced tech companies to think critically about the power that will supply their growing data center footprint. In general, AI computing is more energy intensive than traditional workloads of the past. Up next : There are no major earnings Thursday evening or Friday. As mentioned, the big market event of the week is Friday’s employment report. It follows Wednesday’s better-than-expected ADP data on U.S. companies’ hiring and Thursday’s worse-than-expected weekly jobless claims. Wall Street will be parsing the government’s jobs numbers for their implications on future Fed interest rate cuts. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Amid worldwide protests against Tesla due to CEO Elon Musk’s involvement in the company, hackers have released a website with address and contact information of thousands of Tesla owners. And the same hackers say that the only way to get off the list is to prove that you’ve sold your car.
This meddling is predictably not working out great so far for Tesla, the business which produced the vast majority of Musk’s wealth and which he is still, somehow, the titular leader of.
All of this has resulted in a huge drop in Tesla popularity, and along with that has come a drop in sales and the aforementioned protests, many of which are being exercised by Tesla owners and EV fans who are dismayed that the electric car company’s leadership has taken such an anti-EV turn.
There are passive protests like Tesla owners debadging their cars, and then the active ones like those who are exercising their First Amendment right to picket outside of Tesla stores.
Musk and the government he’s a part of have responded to these protests in their expected manner: by spreading misinformation with the intent of silencing the protesters’ free speech – a fundamental right which Musk has long shown disdain for.
And then, beyond that, there are… let’s say less accepted forms of protest happening in the US and elsewhere.
Today, we’re seeing a whole new type of protest – in the form of a hacker group which got access to Tesla account data and posted it all online, exposing thousands of Tesla owners’ information on the web.
Tesla owners’ information posted on protest site
The website includes a map and a snarky message stating the site’s intent – claiming that it’s a social media site for Tesla owners, rather than a protest site. But it also says that it encourages “creative expressions of protest that you can execute from the comfort of your own home.” Though, the site also uses a molotov cocktail as a cursor replacement.
Here is the text on the site (the name of the site has been redacted here, because while the information doesn’t seem particularly harmful on its own, given that most of it is public, I’d still rather not be responsible for leading people towards it):
XXXXX is the ultimate hub for enthusiasts of the Department of Government Efficiency (DOGE)! Our innovative platform allows users to explore an interactive map of DOGE landmarks.
But that’s not all! We also cater to Tesla Motors owners, providing a comprehensive resource to locate nearby service centers, showrooms, and charging stations—all at their fingertips.
Leveraging our cutting-edge artificial intelligence algorithms, XXXXX goes a step further by connecting like-minded Tesla owners with one another, facilitating a vibrant community through shared contact information.
Join us as we revolutionize the way DOGE fans and Tesla owners connect and explore!
Is XXXXX a protest platform?
If you’re on the hunt for a Tesla to unleash your artistic flair with a spray can, just step outside—no map needed! At XXXXX, we believe in empowering creative expressions of protest that you can execute from the comfort of your own home.
XXXXX neither endorses nor condemns any actions.
Before you embark on any adventure, we highly recommend checking out the No Trace Project.
I want my information removed.
Absolutely! Just provide us with proof that you’ve sold your Tesla.
Email XXXXX. We only accept scanned documents in JPG and PNG formats.
The way that the information was leaked is not immediately apparent, nor does the group make any claims as to how it got the information. It may or may not have even come from Tesla itself, since it includes somewhat random pieces of information for each owner.
The information is categorized under different icons, with designations for Tesla stores, Superchargers, Tesla owners’ cars, and then additional people of interest – which seem to largely be known residence of staffers working at Elon Musk’s bungling government department.
A quick check of the information suggests that it is not complete – there are many Tesla owners who are not listed on the site. And most of the information seems to just be addresses, phone numbers, business names and the like – much of which is already public information. Though there are also some email addresses and social media handles associated with certain entries, which may not be public information.
Also, Tesla locations are listed – such as Superchargers and Tesla stores. These are wholly public information and can be found on Tesla’s website.
Further, some outlets have confirmed that some of the information is inaccurate.
But, if any given Tesla owner is on the list, the site offers a remedy: merely email them with a scanned document proving you sold your car, and you will be removed. We haven’t tried this out to see if it will work or not, but if any owners do, feel free to reach out to us.
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A new era of 3D printing “microfactories” is helping to turn waste plastics into “highly competitive” products fit for use in the construction industry, according to Veena Sahajwalla, professor and founding director of UNSW Sustainable Materials Research and Technology (SMaRT) Centre.
Speaking to CNBC’s Mandy Drury at Schneider Electric’s Sydney Innovation Summit on Monday in Australia, Sahajwalla said manufacturers had to direct their thinking around sustainability toward profitability.
“It’s not about saying, well I’m making it because its green. Actually, that should be the last thing. The first thing has to be profitability, does it work? Is it showing the right performance?” she said.
That thinking has pushed SMaRT to build plastic filaments made from 100% waste plastics, sourced from “all kinds of old printers.”
They are built in hyper-localized, heavily automated “microfactories” to produce personalized products.
“If this [waste-made plastic] can now be fed into a 3D printer, can you actually print a whole range of products?” she said.
One such product already made are “clamps” — or blocks — used in building and construction projects.
“Imagine all the building and construction projects where you need plants and imagine if you had to wait a long time to source these parts and components,” said Sahajwalla.
The large outlay on plants during construction projects means companies often purchase them secondhand.
SMaRT’s 3D-printed alternative, built in a Sydney microfactory using plastic filaments made from older, plastic waste, could ultimately lower costs, says Sahajwalla.
“You could literally talk to your local microfactory and say, can I make this at a comparative price and the right kind of performance?”
“This is where microfactory technologies have come in. To really close the gap to between what is seen as a waste on one hand and on the other hand make something that is high performance, high tech and competitively closing the gap.”
Hydrogen revolution?
Autonomous trucks and buses, powered by clean hydrogen-based energy, are on the cusp of hitting the roads, thanks to a technology still in its infancy.
Scott Brown, managing director of pure hydrogen, told CNBC that his firm now has a hydrogen-powered garbage truck in the city of Adelaide emitting “no diesel pollution, which can be detrimental to your health if you breathe it in,” as well as less noise pollution waking residents up during the morning garbage run.
He predicts a drop in fuel cell prices in the coming 10 to 15 years.
Car manufacturers Honda, Toyota and Hyundai have already adopted more fuel cell engineering.
Fuel cells refer to the use of hydrogen or other fuels to produce clean electricity.
“There’s not a lot of material involved. It looks like a PC and you put it into — in our case — a truck or a bus,” Brown said.
Because of its increasingly cost-effective production, fuel cell prices have come down “about 50% in the last three years,” he added.
Brown predicts that clean energy battery cell prices will “fall dramatically” in the coming decade as Chinese companies adopt more hydrogen-powered vehicles.
Even though many linked it to Tesla’s Robotaxi effort, it was specifically for the right to operate an internal fleet of vehicles with drivers to offer a ride-hailing service.
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Tesla had already disclosed that it was offering such a service to its employees in the Bay Area.
Now, the CPUC has confirmed that it has approved Tesla’s application (via Reuters):
The California Public Utilities Commission (CPUC) said it approved Tesla’s application for a transportation charter-party carrier permit (TCP), a license typically associated with chauffeur-operated services, allowing the company to own and control a fleet of vehicles and transport employees on pre-arranged trips.
After Tesla’s stock crashed 5% today, the automaker’s stock went up 1.3% in aftermarket trading on the news.
The speculation is that this is in anticipation of Tesla launching its “robotaxi service”, but a CPUC spokesperson confirmed that the permit doesn’t allow Tesla to do that and that the automaker has yet to apply for a permit that would enable such a service.
However, we suspected that this would not be “unsupervised self-driving’ in customer vehicles like Tesla has been promising since 2016, but an internal fleet with teleoperation support in a geo-fenced area for ride-hailing services, much like Waymo has been doing for years.
With the focus on Austin in June, Tesla stopped talking about California, which was announced to happen at the same time as Texas last year.
Currently, the prediction market Polymarket puts the odds of Tesla launching robotaxis in California in 2025 at 29%:
Electrek’s Take
As I previously stated, I believe Tesla will use this permit to expand its existing ride-hailing test program in California to non-employees.
It will use that to iron out the ride-hailing system while it continues to work on its self-driving system, which is obviously the hard part to solve.
That said, I wouldn’t be completely shocked if Tesla launched a “robotaxi” in California this year. It just won’t be what Tesla has been promising for years: customer vehicles built since 2016 would be capable of self-driving at a robotaxi-level (4-5 SAE levels).
Instead, it will be an internal fleet with teleoperation support in a geo-fenced area, much like Waymo has been offering in California, Arizona, and Texas for years.
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