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FOCUS LIST🔎
TSLA – Up over 5% in the pre-market amid reports of a possible Musk-Trump reconciliation
ELBM – Up over 14% in pre after announcing completion of feasibility level study on battery recycling facility
SPCE – Up over 12% in pre after Trump, Elon spat
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HOTLIST🔥
TSLA – Up over 5% in the pre-market amid reports of a possible Musk-Trump reconciliation
Tesla Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Yesterday there was a war of words after Elon Musk criticized Donald Trump’s sweeping tax and spending bill, which proposes largely ending the popular $7,500 EV tax incentive by the end of 2025 and increasing the national debt.
In response, Trump suggested cuts to the government’s contracts with Musk’s companies, including rocket maker SpaceX.
In reaction to the dispute, TSLA shares closed down over 14% yesterday.
However, in the after hours, in a reply on X to billionaire Bill Ackman, an ally of both Trump and Musk who said they should “make peace for the benefit of our great country,” Musk responded: “You’re not wrong.”
There are also talks of a potential call between Musk and Trump later today.
Shares of TSLA are trading up over 5% in the pre-market this morning in reaction to the news.
The $295 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $300, $303, $305, $310, $315 and then $320.
Below 295, targets to the downside are $290, a gap fill at $284.70, $280 and then $273.21.
ELBM – Up over 14% in pre after announcing completion of feasibility level study on battery recycling facility
Electra Battery Materials Corporation (ELBM) engages in the acquisition and exploration of resource properties in the United States and Canada.
Yesterday, the company announcedcompletion of a feasibility level Class 3 Engineering Study for the construction of a modular battery recycling facility adjacent to its cobalt sulfate refinery north of Toronto.
The facility will be designed to recover lithium, nickel, cobalt, manganese, and graphite from lithium-ion battery manufacturing scrap and end-of-life batteries using Electra’s proprietary hydrometallurgical process.
This process was developed and validated through a year-long pilot program that treated black mass sourced from an industry partner.
The next phase of work, funded in part by Natural Resources Canada, will involve operating the recycling process under continuous and semi-continuous conditions to simulate commercial-scale throughput.
Shares of ELBM traded up over 14% in the pre-market in reaction to the news.
The $1.20 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $1.30, $1.40, $1.50 and then the after-hours high at $1.64. Beyond that, $1.72, $1.80, $1.90 and $2 come into play.
Below $1.20, targets to the downside are $1.10, $1, $0.98 and then $0.96.
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SPCE – Up over 12% in pre after Trump, Elon spat
Virgin Galactic Holdings Inc. (SPCE) is an aerospace and space travel company that focuses on the development, manufacture, and operation of spaceships and related technologies.
Yesterday there was a war of words after Elon Musk criticised Donald Trump’s sweeping tax and spending bill, which proposes largely ending the popular $7,500 EV tax incentive by the end of 2025 and increasing the national debt.
In response, Trump suggested cuts to the government’s contracts with Musk’s companies, including rocket maker SpaceX.
In reaction to the dispute, TSLA shares closed down over 14% yesterday.
Market participants also bought up SpaceX’s rival, Virgin Galactic (SPCE) with the stock trading up over 12% in the pre-market after the spat.
The $3.35 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $3.60, $3.70, $4 and then the after-hours high at $4.10. Beyond that, $4.50 and $5 come into play.
Below $3.35, targets to the downside are $3.30, $3.20 and then a gap fill at $3.13.
MARKET NEWS 📰
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